Monday, September 10, 1984 Hs
Title: Monday, September 10, 1984 hs September 10, 1984 Heritage Savings Trust Fund Act 133 [Chairman: Mr. Kowalski] [2:04 p.m.] $108,400. The average loan last year was $113,000. Of course we also included in that an item of MR. CHAIRMAN: Good afternoon, ladies and interest, I believe — in 1983 there were some 45 gentlemen, and welcome to another meeting of the receiverships; in 1984, 54; there was a slight increase Standing Committee on the Alberta Heritage Savings of nine — and certainly one that we're concerned Trust Fund Act. It would appear that the director of about as well. There are 1,721 outstanding loans at security for this Legislative Assembly must have this point. The percentage of loans that are in concluded today was a statutory holiday rather than arrears is basically almost the same as last year: last Monday, because the doors somehow were locked 15.3 percent last year, 15.6 percent this year. and the lights are not on. I guess that's a Having said that, the bases for loan approvals have responsibility or a matter for other than the not changed at this particular point in time. If the chairman of the committee. I'm sure the chairman of loans are between $30,000 to $50,000, they can be Public Accounts would accept that statement as approved by the branch managers; $60,000, by the being correct. credit superintendents; up to $75,000, by the deputy managing directors; up to $100,000, by the managing MR. MARTIN: Whatever you say.
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