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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU
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To: JD who wrote (2623)2/11/1998 4:14:00 PM
From: Ray Fidler  Read Replies (1) of 4718
 
The recent court decision (in a case known as Delgamuukw) has been mentioned in the Financial Post recently.

The Supreme Court of Canada has declared that the native bands in B.C. are still in ownership of the land in B.C.

The court decision has opened to the door to a whole new era in B.C. politics. The natives most likely will not demand outright ownership of the land, but they will demand high proportions of stumpage rates, increased revenue sharing plans, and, of course, a cut of licence and permit fees. This means that forestry and mining companies in B.C. may be faced with even higher costs in the future.

Holy Smokes! The governments of B.C. and Canada had better get their act together! We've got a serious problem here, and it must be dealt with as quickly as possible before most businesses leave B.C. or scale down operations in B.C. There are already several that have left for Alberta, and many more will be following.

The B.C. government had been claiming it is ready to cut red tape and possibly lower taxes to spur investment. This government had better put down its scissors and use a big chainsaw to cut through the mess of red tape that could stem from this recent court decision.

IMO, if this situation is not resolved quickly B.C. could be in for some hard times soon. I wonder if this recent court decision could have an effect on the other provinces in Canada, too?

Regards,
Ray Fidler

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