Date: 19990426

Docket: A-215-97

CORAM:      THE CHIEF JUSTICE

         STONE J.A.

         DESJARDINS J.A.

IN THE MATTER of the Farm Improvement and Marketing Co-operative Loans Act, R.S.C. 1985, (3rd Supp.), c.25, as amended (the "FIMCLA") and the Farm Improvement and Marketing Co-operative Loans and Fees Regulations, SOR/88-51, as amended (the "FIMCLA Regulation")

AND IN THE MATTER of an Application by Bank of Montreal and Coopers & Lybrand Limited for judicial review against the Respondents

AND IN THE MATTER of the Federal Court Act, R.S.C. 1985, c. F-7, as amended

BETWEEN:

     BANK OF MONTREAL

     Appellant

     (Applicant)

     - and -

     THE MINISTER OF AGRICULTURE OF CANADA

     and THE ATTORNEY GENERAL OF CANADA

     Respondents

     (Respondents)

HEARD at Toronto, Ontario, Monday, April 26, 1999.

JUDGMENT delivered at Toronto, Ontario, Monday, April 26, 1999.

REASONS FOR JUDGMENT BY:      THE CHIEF JUSTICE

Date: 19990426

Docket: A-215-97

CORAM:      THE CHIEF JUSTICE

         STONE J.A.

         DESJARDINS J.A.

IN THE MATTER of the Farm Improvement and Marketing Co-operative Loans Act, R.S.C. 1985, (3rd Supp.), c.25, as amended (the "FIMCLA") and the Farm Improvement and Marketing Co-operative Loans and Fees Regulations, SOR/88-51, as amended (the "FIMCLA Regulation")

AND IN THE MATTER of an Application by Bank of Montreal and Coopers & Lybrand Limited for judicial review against the Respondents

AND IN THE MATTER of the Federal Court Act, R.S.C. 1985, c. F-7, as amended

BETWEEN:

     BANK OF MONTREAL

     Appellant

     (Applicant)

     - and -

     THE MINISTER OF AGRICULTURE OF CANADA

     and THE ATTORNEY GENERAL OF CANADA

     Respondents

     (Respondents)

     REASONS FOR JUDGMENT

     (Delivered orally from the Bench at Toronto, Ontario

     on Monday, April 26, 1999)

THE CHIEF JUSTICE:

[1]      For the reasons given in Appeal file docket #A-216-97, a copy of which is attached herewith, this appeal should be disposed of in a similar manner and the parties are required to do all things and to take such steps in relation to this appeal as are required by those reasons within the time therein limited.

[2]      In all other respects this appeal should be dismissed with costs to be assessed under Column III and be payable forthwith after assessment.

                             "Julius A. Isaac"

                                 C.J.

TORONTO, ONTARIO

April 26, 1999

              FEDERAL COURT OF CANADA

     Names of Counsel and Solicitors of Record

DOCKET:                              A-215-97

STYLE OF CAUSE:                      BANK OF MONTREAL

                                

                                 - and -

                                 THE MINISTER OF AGRICULTURE                                     OF CANADA and THE ATTORNEY                                     GENERAL OF CANADA

DATE OF HEARING:                      MONDAY, APRIL 26, 1999

PLACE OF HEARING:                      TORONTO, ONTARIO

REASONS FOR JUDGMENT BY:             THE CHIEF JUSTICE

DATED:                              MONDAY, APRIL 26, 1999

APPEARANCES:                         Mr. Andrew R. Brodkin

                                 Mr. Benjamin Zarnett

                                    For the Appellants

                                 Mr. Jeffrey M. McEown

                                    For the Respondent

                                

SOLICITORS OF RECORD:                  Goodman Phillips & Vineberg

                                 Barristers & Solicitors

                                 Box 24, 2400-250 Yonge St.,

                                 Toronto, Ontario

                                 M5B 2M6

                                    For the Appellant

    

                                 Keel Cottrelle

                                 Barristers & Solicitors

                                 920-36 Toronto St.

                                 Toronto, Ontario

                                 M5C 2C5

           

                                    For the Respondent

---

FEDERAL COURT OF APPEAL

Date: 19990426

Docket: A-215-97

BETWEEN:

BANK OF MONTREAL

Appellant

(Applicant)

-and-

THE MINISTER OF AGRICULTURE OF CANADA and

THE ATTORNEY GENERAL OF CANADA,

Respondents

(Respondents)

REASONS FOR JUDGMENT