Identity area
Type of entity
Corporate body
Authorized form of name
Nova Scotia. Industrial Loan Board
Parallel form(s) of name
Standardized form(s) of name according to other rules
Other form(s) of name
Identifiers for corporate bodies
Description area
Dates of existence
1951-1971
History
The Industrial Loan Board (ILB) was created in April 1951 to make recommendations to cabinet on loans to businesses and industries in Nova Scotia. Starting in 1944 the government had provided loans to hotels, small industries, and fishery workers. The board was created in an attempt to consolidate the programs and provide advice on individual applications. It was intended that the board would assume the duties of the Fishermen's Loan Board. However, that body continued to exist. In 1971, the Industrial Loan Board was superseded by the Nova Scotia Resources Development Board.