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, 2002.
27. The Courts approved an annual budget for Royal Trust
of $166,870.00 for the year ended March 31, 2002.
28. The actual charge to the Trust Fund by Royal Trust for
the year ended March 31, 2001 was $103,824.00. No payments
have been made to Royal Trust beyond those expenses actually
29. Royal Trust proposes and the Joint Committee recommends
that Royal Trust's budget for the year April 1, 2002 to
March 31, 2003 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.