40. Eckler Partners Ltd. ("Eckler Partners")
was retained by Class Counsel and subsequently the Joint
Committee to provide actuarial advice in respect of the
41. Attached as Schedule "M"
is the report of Eckler Partners regarding their activities during the year
ended March 31, 2002.
42. The Courts approved an annual budget for Eckler Partners
of $68,000.00 for the year ended March 31, 2002 to be paid
in monthly instalments of $5,666.67.
43. In the Year 1 Annual Report, it was anticipated that
Eckler Partners would incur expenses beyond their approved
annual budget in Year 2 in relation to the three-year actuarial
study of the Trust Fund that they were commissioned to perform.
The expenses incurred by Eckler Partners in this regard
for the fiscal year ending March 31, 2002 have been significant.
The costs of that actuarial study are still in process and
are expected to be in the range of $270,000.00. The costs
of the actuarial study will be dealt with by separate court
44. Eckler Partners has proposed and the Joint Committee
recommends a budget, for actuarial services, in the amount
of $40,000.00 for the year ending March 31, 2003.