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net contingent liability [1 record]

Record 1 1996-08-29

English

Subject field(s)
  • Loans
  • Public Sector Budgeting
CONT

The Crown's statutory net contingent liability in respect of $5.956 billion in BILs (Business Improvement Loans) outstanding as at March 31, 1995, has been calculated at $1.124 billion. Nothwithstanding that $5.956 billion in BILs were outstanding as at March 31, 1995 and the Crown's net contingent liability thereon was calculated not to exceed $1.124 billion, actual claim payments by the Crown to the respective lenders are estimated not to exceed $429 million during the next ten years.

French

Domaine(s)
  • Prêts et emprunts
  • Budget des collectivités publiques
CONT

Aux termes de la Loi sur les prêts aux petites entreprises, au 31 mars 1995, le passif éventuel net de l'État à l'égard de l'encours de 5,956 milliards de dollars de PAE (prêts destinés à l'amélioration d'entreprise) se chiffrait à 1,124 milliard de dollars. Néanmoins, au cours des dix prochaines années, l'État devrait rembourser au plus 429 millions de dollars aux divers prêteurs au titre des pertes subies par ceux-ci.

Spanish

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