47. Crawford/Garden City Group Canada Adjusters Canada Incorporated/Expertises Crawford/Garden City Group Canada
Canada Incorporée and The Garden City Group Inc.
("Crawford/Garden City Group Canada") were appointed by the Courts as Administrator
of the Plans for a 5 year term.
48. The Courts approved a budget for Crawford/Garden City Group Canada which provided
for an annual payment to Crawford/Garden City Group Canada of $4,551,347.00 to be
paid on a monthly basis at the rate of $405,828.46 inclusive
of GST.
49. The total expenses of Crawford/Garden City Group Canada
in the year ended March 31, 2002, were $4,267,151.00 for
an under budget of 284,196.00. Attached as Schedule
"R"* is a chart setting out the expenses of
Crawford/Garden City Group Canada.
50. As is discussed in paragraph 21 above, Deloitte &
Touche were asked to review the expenses of Crawford/Garden
City Group Canada and the report on the cost review of the
expenses of Crawford/Garden City Group Canada is attached
as Schedule "F".
51. Additionally, Deloitte & Touche was asked to conduct
an audit as at September 30, 2000 and as at March 31, 2001
of the disbursements to Class Members by Crawford/Garden
City Group Canada and those audits are attached as Schedules
"B" and "C".
52. Attached as Schedule
"S" is a brief description from Crawford/Garden
City Group Canada of its activities in the period prior
to March 31, 2000.
53. Crawford/Garden City Group Canada proposes and the
Joint Committee recommends a budget for the year commencing
April 1, 2001 of $4,510,305.87 plus GST. Attached hereto
as Schedule "T"*
is a detailed budget proposal prepared by Crawford/Garden
City Group Canada. The cost increase over the prior year
is as a result of increased staffing which the Joint Committee
requested and recommends in anticipation of faster and better
service to Class Members by Crawford/Garden City Group Canada.
54. The Joint Committee recommends that Crawford/Garden City Group Canada be paid
in monthly instalments of $399,541.82 plus GST. The first
payment will be for an amount equal to $20,262.89 plus GST
in order that the Trust Fund recover the overpayment from
the past year and payment as per the budget set out in paragraph
53 above for the months of March and April, 2001 which months
had been paid at the previously approved rate.
* this Schedule was modified as the
original version contains commercially confidential information
