Mr. Turner (Ottawa-Carleton):
Mr. Chairman, the purpose of the legislation, of course, is to facilitate and encourage by direct financing and private lending, term loans for fisheries improvement. That is the way the guarantee functions under the bill. Refinancing of existing debts or working capital are not eligible under this bill, or the farm improvement loans bill or small business loans bill. I will look at it and get in touch with the hon. member privately, but certainly it is not covered under this program.
Subtopic: FARM IMPROVEMENT, SMALL BUSINESSES AND FISHERIES IMPROVEMENT LOANS ACTS AMENDMENTS RESPECTING LOANS AND GOVERNMENT LIABILITY