25. Royal Trust was appointed Trustee of the Fund pursuant
to Orders of the Courts. The Joint Committee recommends
the continuation of this appointment.
26. Attached hereto and marked as Schedule
"I" is a brief description from Royal Trust
of its Custodial Trustee activities in the year ended March
31, 2001.
27. The Courts approved preliminary start-up fees of $40,089.00
for Royal Trust and an annual budget for Royal Trust of
$166,870.00 for the year ended March 31, 2001.
28. The actual charge to the Trust Fund by Royal Trust
for the year ended March 31, 2001 was $108,937.00.
29. Royal Trust proposes and the Joint Committee recommends
that Royal Trust's budget for the year April 1, 2001 to
March 31, 2002 be identical to its previous budget. As with
last year, Royal Trust will charge monthly an amount not
to exceed $13,906.00 for an annual budget of $166,870.00.
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