Versions of s. 33.1(1), definition “eligible loan”, para (a)(iii)

in the case of a loan made before the end of the first taxation year in respect of which the taxpayer has made any designation under subsection 33.1(3) (other than a loan recorded in the books of account of an international banking centre business of the taxpayer at the time at which the loan was made) or a loan made to a foreign bank, the taxpayer made reasonable inquiries before the loan was recorded in the books of account of the international banking centre business and had no reasonable cause to believe that the borrower had used or would use any proceeds of the loan, directly or indirectly, for the purpose of