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Notes to the Schedule of Disbursements to Claimants and
Related Funding Requirements for the six-month period
ended March 31, 2002 prepared by Deloitte & Touche LLP
1. DESCRIPTION OF THE FUND
The 1986-1990 Hepatitis C Fund was established as a result of the Hepatitis
C January 1, 1986 - July 1, 1990 class actions settlement. Its purpose is to
make payments to persons recognized as claimants under the settlement. The disbursements
to claimants and related funding requirements are administered by the Garden
City Group Canada (the "Administrator"), a division of Crawford Canada.
2. RELATED FUNDING REQUIREMENTS
| |
March 31,
2002 |
| |
(six months) |
| |
Balance |
|
|
| |
Prior |
|
Adjusted |
| |
to Adjustment |
Adjustment |
Balance |
| |
|
|
|
Provincial and Territorial
Government expense |
|
|
|
Newfoundland |
$ 68,780 |
$ - |
$ 68,780 |
Prince Edward Island |
13,958 |
- |
13,958 |
Nova Scotia |
427,761 |
(19,230) |
408,531 |
New Brunswick |
856,498 |
- |
856,498 |
Quebec |
3,447,143 |
(110,763) |
3,336,380 |
Ontario |
7,243,407 |
(76,633) |
7,166,774 |
Manitoba |
599,390 |
- |
599,390 |
Saskatchewan |
248,235 |
(5,266) |
242,969 |
Alberta |
1,564,703 |
(2,959) |
1,561,744 |
British Columbia |
2,707,468 |
- |
2,707,468 |
Yukon |
7,171 |
- |
7,171 |
Northwest Territories/Nunavut |
31,716 |
- |
31,716 |
| |
|
|
|
| |
17,216,230 |
(214,851) |
17,001,379 |
| |
|
|
|
Government of Canada |
45,909,753 |
(573,017) |
45,336,736 |
Administrator |
- |
787,868 |
787,868 |
| |
|
|
|
Total plan disbursements |
$ 63,125,983 |
$ - |
$ 63,125,983 |
The Administrator inadvertently made payments during the year to the estates
of persons who died prior to January 1, 1999 in respect of loss of services
and loss of income in the period subsequent to their disability and prior to
the year of their death. Such payments are not permissible under Section 5.01
of the Plan. The total amount of such payments is $787,868. The Administrator
has agreed to reimburse the Trust for that amount in three separate instalments:
$400,000 upon court ratification, and two equal payments of the balance on the
payment anniversary dates in 2003 and 2004. The Administrator will be applying
to the Court for approval of this repayment plan.
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