York Labour Fund Inc.

Headnote

Labour sponsored investment fund exempt from requirements to prepare and file interim management report of fund performance as shareholders have already approved sale of substantially all of the fund's assets to another fund.

Rules Cited

National Instrument 81-106 Investment Fund Continuous Disclosure, s. 4.2.

April 28, 2006

IN THE MATTER OF

NATIONAL INSTRUMENT 81-106

INVESTMENT FUND CONTINUOUS DISCLOSURE

AND

IN THE MATTER OF

YORK LABOUR FUND INC.

(the Fund)

ORDER

Background

The Ontario Securities Commission (the Commission) has received an application from the Fund, formerly Centerfire Growth Fund Inc., for an order pursuant to section 17.1 of National Instrument 81-106 Investment Fund Continuous Disclosure (NI 81-106) to exempt the Fund from the requirement to prepare an interim management report of fund performance for the period ended February 28, 2006 (the Interim MRFP) as required by section 4.2 of NI 81-106, subject to certain conditions.

Representations

This Order is based on the following facts represented by the Fund:

1. The Fund is a corporation incorporated under the Canada Business Corporations Act, is registered as a labour sponsored investment fund under the Community Small Business Investment Funds Act (Ontario) and is a reporting issuer in Ontario. The Fund is not in default of any requirement of Ontario's securities laws.

2. Lawrence Asset Management Inc. is the manager and investment adviser of the Fund.

3. Shares of the Fund are currently not qualified for sale to the public by means of a prospectus.

4. The financial year-end of the Fund is August 31^st.

5. In accordance with the requirements of NI 81-106, the Fund is required to prepare and file its unaudited interim financial statements for the period ended February 28, 2006 (the Interim Financial Statements) and its Interim MRFP, and to deliver a copy of such documents to its shareholders, on or before April 29, 2006 (the Filing Date).

6. At a meeting on February 28, 2006, the shareholders of the Fund approved selling substantially all of the assets of the Fund to Lawrence Enterprise Fund Inc. (LEFI), another labour sponsored investment fund, in exchange for class A series V shares of LEFI, which is expected to occur in the near future.

7. The Fund will deliver its Interim Financial Statements to its shareholders on or before the Filing Date.

Order

The Commission is satisfied that it would not be prejudicial to the public interest to grant the requested relief and orders that the Fund is exempt from the requirement to prepare and file a copy of the Fund's Interim MRFP on or before the Filing Date, provided the Fund delivers a copy of its Interim Financial Statements to its shareholders on or before the Filing Date.