Earlier in the questioning you said something about a 90% guarantee. Under section 4 of the act, it says “the Minister is liable to pay to a lender 95 per cent” or “another percentage of not more than 95 per cent” as fixed by the regulations.
What is the per cent of guarantee currently that we're looking at here in terms of lending to a farmer who has been in business for a considerable time, to a beginning farmer or one who has been in business for less than six years, and to a co-operative? What are the levels of guarantees?