3(1)A farmer who on January 31, 1990 is actively engaged in the business of fox or mink fur production and who meets the minimum herd size requirement set out in section 4 in respect of a breeding season set out in section 5 may make an application to the Board for a fur industry loan.

3(2)Notwithstanding subsection (1), no farmer may apply for a fur industry loan unless the farmer met the minimum herd size requirement for the 1989 breeding season.

4(1)A farmer shall have a minimum herd size of twenty-five breeding female foxes or one hundred and twenty-five breeding female mink or a mixed herd of breeding female foxes and mink equivalent to at least twenty-five breeding female foxes.

4(2)Where a farmer has a mixed herd of breeding female foxes and mink, five breeding female mink shall be deemed to be equivalent to one breeding female fox.

6(1)Subject to subsection (2), the terms and conditions on which a fur industry loan is to be made are those set out in subsection 3(1) of the General Regulation - Agricultural Development Act and such other terms and conditions the Board may impose that are not inconsistent with those set out in subsection 3(1) of the General Regulation - Agricultural Development Act.

6(2)The interest rate applicable to a fur industry loan shall be nil.