Versions of s. 138(4.2)(a)(ii)

where the insurer has deducted the amount of any policy loan made by it in the year in computing its income from its life insurance business in Canada for any taxation year before its 1978 taxation year or not included interest in respect of any such loan in computing its gross investment revenue for any taxation year before its 1978 taxation year, the total of amounts that were outstanding at the end of the insurer’s 1977 taxation year each of which is an amount payable to it in respect of a policy loan, and