Clause 213(3)(b) of the Loan and Trust CorporationsAct - application for approval to act as trustee.
Loan and Trust Corporations Act, R.S.O. 1990,c. L.25, as am., clause 213(3)(b).
December 10, 2002
Goodman and Carr LLP
Attention: Gary M. Litwack
Re: T.H.A. Bodnar & Co. Investment ManagementLtd. ("Bodnar") Application pursuant to clause 213(3)(b)of the Loan and Trust Corporations Act (Ontario) ApplicationNo. 957/02
Further to your letter dated October 24, 2002and supplemented by letter dated December 5, 2002 (togetherthe "Application") filed on behalf of Bodnar, andbased on the facts set out in the Application, pursuant to theauthority conferred on the Ontario Securities Commission (the"Commission") in clause 213(3)(b) of the Loan andTrust Corporations Act (Ontario), the Commission approvesthe proposal that Bodnar act as trustee of mutual funds to beestablished from time to time and managed by Bodnar.
"H. Lorne Morphy" "HaroldP. Hands"