L.M. Montgomery Land Trust

The yearly Financial Statements for the L.M. Montgomery Land Trust Inc. are now available online for fiscal year 2007.

These statements were prepared thanks to the continued generosity of the Summerside office of Grant Thornton.

The yearly Financial Statements for the L.M. Montgomery Land Trust Inc. are now available online for the fiscal years 2004, 2005 and 2006.

These statements were prepared thanks to the continued generosity of the Summerside office of Grant Thornton.

Jim Strew prepared the attached summary of Income and Expenses for the 2005 calendar year, as of Dec. 14, 2005.

Jim Strew provided the 2004 Financial Statements,prepared by Grant Thornton, at the Annual General Meeting. A copy is attached as a PDF file for your reference.

Jim Strew couldn't attend today's Board of Directors Meeting, but he forwarded the March 2005 Financial Report in advance.

I heard back from James Carroll, Minister Dion's assistant, with regards to the application of GST on the purchase of Development Rights:

On the second [point], we will work to get a clear answer on the policy rational from Rev Can and share that with you ASAP. It does seem odd but, as I'm sure you know, the tax code is a brick and doesn't deal particularly well with exceptions to the rule.

David Bergmark phoned me yesterday with news that the Marc Gallant Trust will contribute $30,000 to the Land Trust for the year 2005. David is leaving for vacation this week, and will arrange to have a cheque provided to us in early April when he returns.

Jim Strew forwarded a Financial Report for our February 23, 2005 meeting.