Vol. 132, No. 52 — December 26, 1998

GOVERNMENT NOTICES

DEPARTMENT OF THE ENVIRONMENT

CANADIAN ENVIRONMENTAL PROTECTION ACT

Notice is hereby given that, pursuant to the provisions of Part VI of the Canadian Environmental Protection Act, Permit No. 4543-2-05981 is approved.

1. Permittee: Petro-Canada, St. John's, Newfoundland.

2. Type of Permit: To dump and load dredged material.

3. Term of Permit: Permit is valid from June 15, 1999, to June 14, 2000.

4. Loading Site(s): 46°27.70' N, 48°29.80' W (NAD83), South West; 46°29.40' N, 48°27.60' W (NAD83), North East; 46°29.40' N, 48°29.20' W (NAD83), North West; and 46°27.30' N, 48°27.70' W (NAD83), South East. These sites are the glory hole locations at the Terra Nova Field, The Grand Banks of Newfoundland, approximately 350 km southeast of St. John's, Newfoundland.

5. Dump Site(s): 46°27.70' N, 48°29.80' W (NAD83), South West; 46°29.40' N, 48°27.60' W (NAD83), North East; 46°29.40' N, 48°29.20' W (NAD83), North West; and 46°27.30' N, 48°27.70' W (NAD83), South East. Each dump site may be described as a circular area centred by the glory hole and having an approximate radius of 600 m. The dump sites are at a depth of 90-100 m, at the Terra Nova Field, The Grand Banks, approximately 350 km southeast of St. John's, Newfoundland.

6. Equipment: As described by section 20 of the permit application or as approved by the Department of the Environment.

7. Method of Dumping: Via a floating sealine and a vertical discharge pipe. Material will be discharged at an approximate depth of 20 m. Cobble and boulders shall be disposed of directly from project vessels while positioned at the dump site. Modifications to the method of dumping shall be approved in advance by the Department of the Environment.

8. Rate of Dumping: As required by normal operations.

9. Total Quantity to be Dumped: Shall not exceed the difference between 160 800 m³ place measure and the place measure volume of dredged material dumped pursant to Ocean Disposal Permit No. 4543-2-05929.

10. Material to be Dumped: Dredged material consisting of sand, silt, clay, gravel, boulders and cobble.

11. Requirements and Restrictions:

K. G. HAMILTON
Environmental Protection
Atlantic Region

[52-1-o]

DEPARTMENT OF NATURAL RESOURCES

CANADA-NOVA SCOTIA OFFSHORE PETROLEUM BOARD

Call for Bids No. NS98-2

The Canada-Nova Scotia Offshore Petroleum Board (the "Board") has made a call for bids pursuant to the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C., 1988, c. 28, as amended, and the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation (Nova Scotia) Act, S.N.S., 1987, c. 3, as amended, for 20 Exploration Licences covering the following parcels of land offshore Nova Scotia (the "Lands"):

Land Parcel No. 1
Grid	Hectares (Approximate)	Sections
46- 10- 61-15	4,080	All portions of the grid within the Offshore Area as defined in the Legislation
46-10-61-30	34,472	All portions of the grid within the Offshore Area as defined in the Legislation
46-20-61-00	1,258	All portions of the grid within the Offshore Area as defined in the Legislation
46-20-61-15	28,884	All portions of the grid within the Offshore Area as defined in the Legislation
46-20-61-30	34,253	All portions of the grid within the Offshore Area as defined in the Legislation
46-30-61-00	17,045	All portions of the grid within the Offshore Area as defined in the Legislation
46-30-61-15	35,580	1-100
46-30-61-30	20,362	All portions of the grid within the Offshore Area as defined in the Legislation
46-40-61-00	30,608	All portions of the grid within the Offshore Area as defined in the Legislation
46-40-61-15	35,470	1-100
46-40-61-30	6,763	All portions of the grid within the Offshore Area as defined in the Legislation
Total Hectares	248,775 (approximate)
Land Parcel No. 2
Grid	Hectares	Sections
44-10-59-30	11,483	45-47, 54-57, 64-67, 74-79, 83-89, 93-99
44-10-59-45	15,191	3-9, 13-19, 23-29, 33-39, 43-49, 53-55, 63-65
Total Hectares	26,674
Land Parcel No. 3
Grid	Hectares	Sections
44-10-59-45	4,823	72-75, 81-85, 92-95
44-10-60-00	16,324	2-5, 12-15, 22-25, 32-35, 41-45, 51-55, 61-65, 71-75, 82-85, 92-95
Total Hectares	21,147
Land Parcel No. 4
Grid	Hectares	Sections
44-00-59-45	1,856	96-100
44-00-60-00	7,424	6-10, 16-20, 26-30, 36-40
44-10-59-45	371	91
44-10-60-00	1,484	1, 11, 21, 31
Total Hectares	11,135
Land Parcel No. 5
Grid	Hectares	Sections
43-50-59-45	1,860	20, 30, 40, 50, 60
44-00-59-30	20,072	24-28, 33-38, 43-47, 53-57, 62-67, 71-78, 81-90, 91-99
44-00-59-45	28,241	1-9, 11-19, 21-32, 35-42, 45-60, 64-69, 74-79, 83-89, 93-95
44-00-60-00	13,011	3-5, 12-15, 22-25, 32-35, 42-46, 50, 52-56, 60, 66-70, 78-80
Total Hectares	63,184
Land Parcel No. 6
Grid	Hectares	Sections
43-40-59-45	3,730	59, 60, 69, 70, 79, 80, 89, 90, 99, 100
43-50-59-30	19,356	7-10, 17-20, 27-30, 37-40, 47-50, 57-60, 64-70, 74-80, 84-90, 94-100
43-50-59-45	24,218	4-10, 13-19, 24-29, 34-39, 44-49, 54-59, 63-68, 73-78, 82-88, 91-98
44-00-59-30	5,952	1-3, 11-13, 21-23, 31, 32, 41, 42, 51, 52, 61
Total Hectares	53,256
Land Parcel No. 7
Grid	Hectares	Sections
43-40-60-00	2,611	9, 10, 19, 20, 28-30
43-50-60-00	30,546	1-70, 77-80, 87-90, 97-100
44-00-59-45	744	91, 92
44-00-60-00	4,464	1, 2, 11, 21, 31, 41, 51, 61, 62, 71, 81, 91
Total Hectares	38,365
Land Parcel No. 8
Grid	Hectares	Sections
43-40-60-00	2,238	88, 89, 90, 98, 99, 100
43-40-60-15	11,190	8-10, 18-20, 28-30, 38-40, 48-50, 58-60, 68-70, 88-90, 98-100
43-50-60-00	2,238	71, 72, 81, 82, 91, 92
43-50-60-15	14,174	1, 2, 11-14, 21-24, 31-34, 41-44, 51-54, 61-64, 71-74, 81-84, 91-94
Total Hectares	29,840
Land Parcel No. 9
Grid	Hectares	Sections
43-40-59-30	8,959	36-40, 46-50, 56-60, 66-68, 76, 77, 86, 87, 96, 97
43-40-59-45	29,896	1-39, 41-49, 51-58, 61-68, 71-78, 81-84, 91-94
43-50-59-30	7,833	31-36, 41-46, 53-56, 63, 73, 83, 92, 93
43-50-59-45	1,119	1, 2, 3
Total Hectares	47,807
Land Parcel No. 10
Grid	Hectares	Sections
43-30-60-00	18,710	North half of grid
43-30-60-15	18,710	North half of grid
43-40-60-00	23,555	1-4,11-14, 21-27, 31-37, 41-46, 51-57, 61-67, 71-77, 81-87, 91-97
43-40-60-15	26,170	1-7, 11-17, 21-27, 31-37, 41-47, 51-57, 61-67, 71-77, 81-87, 91-97
Total Hectares	87,145
Land Parcel No. 11
Grid	Hectares	Sections
43-20-59-30	37,560	All
43-20-59-45	37,560	All
43-30-59-30	37,460	All
43-30-59-45	37,460	All
43-40-59-30	18,700	South half of grid
Total Hectares	168,740
Land Parcel No. 12
Grid	Hectares	Sections
43-00-60-00	18,860	North half of grid
43-10-60-00	37,660	All
43-20-60-00	37,560	All
43-30-60-00	18,750	South half of grid
Total Hectares	112,830
Land Parcel No. 13
Grid	Hectares	Sections
43-00-60-15	18,860	North half of grid
43-10-60-15	37,660	All
43-20-60-15	37,560	All
43-30-60-15	18,750	South half of grid
Total Hectares	112,830
Land Parcel No. 14
Grid	Hectares	Sections
43-00-60-30	18,860	North half of grid
43-10-60-30	37,660	All
43-20-60-30	37,560	All
43-40-60-30	18,750	South half of grid
Total Hectares	112,830
Land Parcel No. 15
Grid	Hectares	Sections
42- 40- 61- 00	37,970	All
42-50-61-00	37,870	All
43-00-60-45	37,760	All
43-00-61-00	37,760	All
Total Hectares	151,360
Land Parcel No. 16
Grid	Hectares	Sections
42-40-61-15	37,970	All
42-40-61-30	37,970	All
42-50-61-15	37,870	All
42-50-61-30	37,870	All
43-00-61-15	18,900	South half of grid
Total Hectares	170,580
Land Parcel No. 17
Grid	Hectares	Sections
42-40-61-45	37,970	All
42-50-61-45	37,870	All
Total Hectares	75,840
Land Parcel No. 18
Grid	Hectares	Sections
42-30-61-45	38,070	All
42-30-62-00	38,070	All
42-30-62-15	38,070	All
42-40-62-00	37,970	All
42-40-62-15	37,970	All
42-50-62-00	37,870	All
42-50-62-15	18,935	East half of grid
Total Hectares	246,955
Land Parcel No. 19
Grid	Hectares	Sections
42-20-62-45	38,160	All
42-20-63-00	38,160	All
42-30-62-45	38,070	All
42-30-63-00	38,070	All
Total Hectares	152,460
Land Parcel No. 20
Grid	Hectares	Sections
42-10-63-15	38,260	All
42-10-63-30	38,260	All
42-20-63-15	38,160	All
42-20-63-30	38,160	All
42-30-63-15	38,070	All
42-30-63-30	38,070	All
42-40-63-15	37,970	All
42-40-63-30	37,970	All
Total Hectares	304,920

Bid selection

Bidding on each parcel will be based solely on the amount of money proposed to be spent on exploration during Period 1 of the term of the Exploration Licence, determined in accordance with the schedule of Allowable Expenditures set out below. No other factors will be considered in selecting the winning bid, but the Board is not obligated to accept any bid. The minimum bid per parcel that will be considered is $1,000,000 (Canadian) of work expenditure.

Allowable Expenditures (Amended October 9, 1998)

item	cost
Drilling	$450,000/day for jackup rig (including mobilization, demobilization, logistical support, supply vessels and helicopters).
	$600,000/day for semi-submersible rig or drillship (including mobilization, demobilization, logistical support, supply vessels and helicopters).
Seismic	At cost (costs are subject to Board approval. Included are wellsite seabed surveys, 2D, 3D and ocean bottom cable seismic and purchased or reprocessed seismic. Included in the determination of actual costs of new seismic is mobilization, demobilization, field acquisition, processing, interpretation and preparation of final report).
Overheads	included in above rates.

Terms and conditions of Exploration Licence

Sable Island — Drilling Prohibition

Drilling from the surface will not be permitted on Sable Island or within one nautical mile seaward of the low water mark of Sable Island. All other activities within that area will require that the operator prepare a Code of Practice to ensure the protection of Sable Island.

Sable Island — Condition in the Event of Future Development (In accordance with a directive dated November 19, 1998 issued by the Premier of Nova Scotia and Minister responsible for the Accord Act pursuant to subsection 41(2) of the Canada-Nova Scotia Offshore Petroleum Resources Accord (Nova Scotia) Act.)

If the successful bidder for Land Parcels 4 and 5 makes a discovery or discoveries within Sable Island and a Development Plan is subsequently filed, the Development Plan must, at a minimum, include:

(a) a study that investigates and reports on the likelihood of subsidence of and around Sable Island;

(b) the program to be developed and implemented to detect subsidence; and

(c) if it is determined that subsidence may or has started to occur, the program that would be implemented to mitigate subsidence.

Environmental Studies

In accordance with the legislation, prior to the authorization of any petroleum related activities on "the Lands" the operator must demonstrate to the satisfaction of the Board that such activities can be conducted in an environmentally safe manner.

Term

The term of each Exploration Licence will be nine years, consisting of two consecutive periods referred to as Period 1 and Period 2.

Period 1 is five years long, but will be extended by one year if a well is commenced or a Drilling Deposit in the amount of $250,000 is posted before the end of the fifth year. If a Drilling Deposit is posted it will be refunded in full if the licence is validated for Period 2 by the drilling of a well. If a validation well is not drilled, the Drilling Deposit will be forfeited upon the termination of the licence. Allowable Expenditures cannot be applied against the Drilling Deposit.

Period 2 immediately follows Period 1 and consists of the balance of the nine-year term of the licence. In order to validate the licence for Period 2, the drilling of a well must be commenced within Period 1 and diligently pursued to termination in accordance with good oilfield practice. Failure to fulfill this drilling requirement will result in the termination of the licence at the end of Period 1. The validation well must adequately test a valid geological target to be declared to the Board by the interest owner prior to the commencement of the well.

Work Deposit

The successful bidder will be required to post security for the performance of work in the amount of 25 percent of its work expenditure bid (the "Work Deposit"). The successful bidder must post this Work Deposit within 15 days of being notified that its bid was successful, as a condition of issuance of the Exploration Licence. Work Deposits must be in the form of cash or bonds, or promissory notes, payable on demand to the Receiver General for Canada, that a Canadian chartered bank has agreed to honor on presentment for payment. The form of security documents must be acceptable to the Board.

Upon the completion of work from time to time the interest owner may apply to the Board for approval of Allowable Expenditures incurred. The Work Deposit will be refunded to the extent of 25 percent of approved Allowable Expenditures. No interest is paid on the Work Deposit.

The interest owner is not obligated to perform work under the licence. However if the interest owner does not perform work in the full amount of its work expenditure bid, the unrefunded balance of the Work Deposit will be forfeited upon the termination of this licence.

Rentals

No rentals are payable in respect of Period 1. Refundable rentals are payable during Period 2 at the rate of $2.50 a hectare for each year of Period 2. Rentals are payable annually, in advance. Rentals will be refunded upon application to the Board to the extent of approved Allowable Expenditures incurred during Period 2. Allowable Expenditures incurred in a particular year of Period 2 that are in excess of what is required to reduce rentals to zero in that year may be carried backward or forward for the purpose of reducing rentals paid or payable in previous or subsequent years of Period 2. Allowable Expenditures incurred in Period 1 after completion of the first well may also be carried forward for this purpose into Period 2 to the extent that they have not been taken into account in refunding all or part of the Work Deposit.

Indemnity

Interest Holders are required to indemnify the Board and Her Majesty the Queen in right of Canada and in right of the province of Nova Scotia against all claims that may be made by any person by reason of anything done or omitted to be done under the licence by, through or under the interest owner or an interest holder, in relation to those portions of the Lands with respect to which they hold shares.

Submission of bids

Bids must be received by the Board before 4:00 p.m. on Thursday, April 29, 1999, at the following address: Canada-Nova Scotia Offshore Petroleum Board, T.D. Centre, 6th Floor, 1791 Barrington Street, Halifax, Nova Scotia B3J 3K9.

Bids must be in the form attached as Appendix II to the call for bids and must be submitted in a sealed envelope marked "CALL FOR BIDS NS98-2." The bid form is available from the Board (see below). Bids not meeting the requirements of the call will not be considered. Each bid must be accompanied by a Bid Deposit in the amount of $10,000, in the form of a certified cheque or bank draft payable to the Receiver General for Canada. Bid Deposits will be returned to unsuccessful bidders, without interest, following announcement of the winning bid. The Bid Deposit of the successful bidder will be returned, without interest, when the Work Deposit is posted and any outstanding Environmental Studies Research Fund (ESRF) levies are paid.

The failure of the successful bidder to post the Work Deposit within the specified time will result in forfeiture of the Bid Deposit and disqualification of the bid, and in that event the Board may, if it sees fit, award the Exploration Licence to the second highest bidder without making another call for bids.

Further Information

This notice contains a summary only of the terms and conditions of the call for bids. Interested persons should obtain a copy of the full text of the call for bids, which will prevail over this summary in the case of any conflict or inconsistency. A complete bid package, including the bid form and the form of Exploration Licence, may be obtained free of charge from the Board at the above address, or may be requested by facsimile sent to (902) 422-1799 or by telephoning (902) 422-5588.

Halifax, December 2, 1998

CANADA-NOVA SCOTIA OFFSHORE PETROLEUM BOARD
J. E. (JIM) DICKEY
Chief Executive Officer

[52-1-o]

BANK OF CANADA

Balance Sheet as at December 2, 1998

ASSETS	amount
1. Gold coin and bullion
2. Deposits payable in foreign currencies:
(a) U.S.A. Dollars $	313,015,455
(b) Other currencies	6,322,637
Total $	319,338,092
3. Advances to:
(a) Government of Canada
(b) Provincial Governments
(c) Members of the Canadian Payments Association	300,889,000
Total	300,889,000
4. Investments
(At amortized values):
(a) Treasury Bills of Canada	12,556,621,040
(b) Other securities issued or guaranteed by Canada maturing within three years	5,954,908,477
(c) Other securities issued or guaranteed by Canada not maturing within three years	10,881,038,783
(d) Securities issued or guaranteed by a province of Canada
(e) Other Bills
(f) Other investments	1,397,656,439
Total	30,790,224,739
5. Bank premises	185,465,845
6. All others assets	245,295,279
Total $	31,841,212,955
LIABILITIES
1. Capital paid up $	5,000,000
2. Rest fund	25,000,000
3. Notes in circulation	30,823,631,926
4. Deposits:
(a) Government of Canada $	6,986,325
(b) Provincial Governments
(c) Banks	123,445,610
(d) Other members of the Canadian Payments Association	132,782,987
(e) Other	256,625,116
Total	519,840,038
5. Liabilities payable in foreign currencies:
(a) To Government of Canada	154,047,620
(b) To others
Total	154,047,620
6. All other liabilities	313,693,371
Total $	31,841,212,955
Maturity distribution of investments in securities issued or guaranteed by Canada not maturing within three years (item 4(c) of above assets):
(a) Securities maturing in over 3 years but not over 5 years	$3,685,705,708
(b) Securities maturing in over 5 years but not over 10 years	3,767,910,466
(c) Securities maturing in over 10 years	3,427,422,609
	$10,881,038,783
Total amount of securities included in items 4(a) to (c) of above assets held under purchase and resale agreements	$

I declare that the foregoing return is correct according to the books of the Bank.

W. D. SINCLAIR
Acting Chief Accountant 

I declare that the foregoing return is to the best of my knowledge and belief correct, and shows truly and clearly the financial position of the Bank, as required by section 29 of the Bank of Canada Act.

G. G. THIESSEN
Governor 

Ottawa, December 3, 1998

BANK OF CANADA

Balance Sheet as at December 9, 1998

ASSETS	amount
1. Gold coin and bullion
2. Deposits payable in foreign currencies:
(a) U.S.A. Dollars $	318,487,513
(b) Other currencies	6,657,611
Total $	325,145,124
3. Advances to:
(a) Government of Canada
(b) Provincial Governments
(c) Members of the Canadian Payments Association	574,264,000
Total	574,264,000
4. Investments
(At amortized values):
(a) Treasury Bills of Canada	12,627,014,313
(b) Other securities issued or guaranteed by Canada maturing within three years	6,057,973,328
(c) Other securities issued or guaranteed by Canada not maturing within three years	10,889,887,054
(d) Securities issued or guaranteed by a province of Canada
(e) Other Bills
(f) Other investments	1,003,589,659
Total	30,578,464,354
5. Bank premises	185,851,363
6. All others assets	264,419,837
Total $	31,928,144,678
LIABILITIES
1. Capital paid up $	5,000,000
2. Rest fund	25,000,000
3. Notes in circulation	30,974,216,639
4. Deposits:
(a) Government of Canada $	10,779,257
(b) Provincial Governments
(c) Banks	125,173,398
(d) Other members of the Canadian Payments Association	48,287,580
(e) Other	235,225,445
Total	419,465,680
5. Liabilities payable in foreign currencies:
(a) To Government of Canada	158,542,528
(b) To others
Total	158,542,528
6. All other liabilities	345,919,831
Total $	31,928,144,678
Maturity distribution of investments in securities issued or guaranteed by Canada not maturing within three years (item 4(c) of above assets):
(a) Securities maturing in over 3 years but not over 5 years	$3,694,810,240
(b) Securities maturing in over 5 years but not over 10 years	3,767,754,522
(c) Securities maturing in over 10 years	3,427,322,292
	$10,889,887,054
Total amount of securities included in items 4(a) to (c) of above assets held under purchase and resale agreements	$147,884,580

I declare that the foregoing return is correct according to the books of the Bank.

W. D. SINCLAIR
Acting Chief Accountant 

I declare that the foregoing return is to the best of my knowledge and belief correct, and shows truly and clearly the financial position of the Bank, as required by section 29 of the Bank of Canada Act.

G. G. THIESSEN
Governor 

Ottawa, December 11, 1998

NOTICE:
The format of the electronic version of this issue of the Canada Gazette was modified in order to be compatible with extensible hypertext markup language (XHTML 1.0 Strict).