Nova Scotia Fisheries and Aquaculture Loan Board

Other forms of name:
Fishermen's Loan Board of Nova Scotia
Nova Scotia Resources Development Board
Nova Scotia Fisheries Loan Board

The Fishermen's Loan Board was established in 1936 to administer short-term loans to needy fishermen and fishermen's associations in Nova Scotia. In 1944 the board was effectively re-established as a crown agency. In 1972 the Nova Scotia Resources Development Board replaced the Fishermen's Loan Board. In 1978 the Fishermen's Loan Board was re-established. In 1981 the board was renamed Nova Scotia Fisheries Loan Board and in 1996 Nova Scotia Fisheries and Aquaculture Loan Board. The object and purpose of the board are to make loans and guarantees of loans to fishers, aquaculturists, companies, cooperatives and associations in order to encourage, sustain, improve and develop Nova Scotia's fishing industry.

Notes: Authority record based on Order in Council 42-102 (16 July 1936); Statutes of Nova Scotia: 1944 c. 4, 1970-71 c. 16, 1978 c. 7, 1981 c. 62, 1996 c. 25 (Part IV).