Band is owed millions for lost timber, court rules – Globe and Mail

Band is owed millions for lost timber, court rules – Globe and Mail

by NationTalk on November 2, 2007788 Views

Band is owed millions for lost timber, court rules
Crown sold Whitefish reserve’s forest rights for $316 in 1886, a breach of its fiduciary duty, judges say

KIRK MAKIN
From Friday’s Globe and Mail
November 2, 2007 at 5:06 AM EDT

An Ontario Indian reserve that saw its timber rights sold by the Crown for $316 in 1886 is entitled to millions of dollars in compensation, the Ontario Court of Appeal ruled yesterday.

The court said that the Whitefish band is entitled to compensation based on a realistic sale price and a fair assessment of what the proceeds would have grown to had they been prudently invested.

http://www.theglobeandmail.com/servlet/story/RTGAM.20071102.wwhitefish02/BNStory/National/Ontario/

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