Scotiabank Chosen To Handle Primrose Trust Fund

Scotiabank Chosen To Handle Primrose Trust Fund

Monday, September 26, 2005 at 14:37

The chair of the Primrose Lake Air Weapons Range Negotiating Committee says his group is very close to finalizing an economic development package with the provincial and federal governments.

Alex Maurice says committee members agreed at a meeting yesterday to use the Scotiabank as its corporate trustee and investments co-manager.

Maurice says the bulk of the $19.5 million awarded to four northwest Metis communities by both levels of government will be left untouched until it begins to generate interest.

However, he says some money will be used sooner than that to start up projects agreed to by the four communities.

Maurice says Beauval and Ile-a-la-Crosse have finalized their lists of elders who are eligible for a $10,000 honourarium.

However, he notes Jans Bay and Cole Bay are having a tougher time, as some of the elders who used to frequent the land are now covered under Bill C-31 — which means they are no longer considered Metis.