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SCHEDULEU.K. TERMS OF UNION OF NEWFOUNDLAND WITH CANADA

TERMS OF UNIONU.K.

U.K. FINANCIAL TERMS

LoansU.K.

25(1)The Province of Newfoundland will retain its interest in, and any securities arising from or attaching to, any loans or advances of public funds made by the Government of Newfoundland prior to the date of Union.U.K.

(2)Unless otherwise agreed by the Government of Canada, paragraph one of this Term shall not apply to any loans or advances relating to any works, property, or services taken over by Canada pursuant to Term thirty-one or Term thirty-three.