5. The Minister of Agriculture, Fisheries and Food may, under the terms and conditions determined by regulation of the Government, grant advances, loans or loan guarantees to fishermen or other persons, or to partnerships or organizations carrying on an activity or operating an industry related to maritime fisheries, for the construction, conversion, repair, purchase or operation of fishing-boats and fishing equipment, or for the payment of debts contracted for such purposes.
R. S. 1964, c. 210, s. 5; 1965 (1st sess.), c. 58, s. 1; 1979, c. 27, s. 2; 1979, c. 77, s. 22; 1990, c. 63, s. 1; 1999, c. 40, s. 96.