The proceeds from the Canadian National, CN, settlement were distributed through the Canadian Wheat Board, CWB, accounts. The total costs of bringing the complaint was $2.7 million. A portion of this was legal fees. The settlement also included rate related benefits accruing to farmers in 1997-1998 and for the life of the agreement. Due to the confidential nature of the agreement, the value of the CN settlement was not publicly disclosed. The amount per permit book will vary depending on participation in the pool accounts.
The Canadian Pacific, CP, settlement is valued at $15 million. The proceeds will be paid to the CWB in 1999 and 2000 and then distributed to farmers through the pool accounts. The legal fees for the court case with CP were taken into account in arriving at the settlement amount. The amount per permit book will vary depending on participation in the pool accounts.
Question No. 223—