2007	2006
	Authorized	Utilized	Utilized
Bank loans	$ 6,654	$ 4,004	$ 2,754
Less provision for payment		760	650
		$ 3,244	$ 2,104

Included in the above guarantees are: (a) a term loan in the amount of $2,104 expiring in 2008; (b) a guarantee of a line of credit in the amount of $400 expiring in 2011; and (c) a default guarantee in the amount of $1,500 expiring in 2009.

The guarantees are secured by various assets and proceeds from liquidation are expected to offset any possible payments under the guarantees.

(b) Litigation:

The Corporation is a co-defender with the Province of Nova Scotia and Industrial Estates Limited in a dispute regarding environmental contamination on land previously owned by Industrial Estates Limited. It is assumed that any losses incurred related to this claim will be fully funded by the Province of Nova Scotia.

Counsel is unable to form an opinion at this early date in regard to the likelihood of loss; consequently, no provision for any possible loss has been recorded in these financial statements.