Bowring Gift Shops - August 30, 2006

IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8, as amended (the “PBA”);

AND IN THE MATTER OF a Proposal of the Superintendent of Financial Services to make an Order under section 69 of the PBA, respecting The Bowring Gift Shops Pension Plan, Registration Number 0488700

TO:

Sharon Carew
PricewaterhouseCoopers Inc.
Mississauga Executive Centre
One Robert Speck Parkway, Suite 1100
Mississauga ON L4Z 3M3

Administrator

AND TO:

N. Ashleigh Everett
Tereve Holdings Limited
5466 Timberlea Boulevard
Mississauga ON L4W 2T7

Employer

AND TO:

Jerry Henechowicz
The Fuller Landau Group
151 Bloor Street West, 12th floor
Toronto ON M5S 1S4

Trustee in Bankruptcy

AND TO:

Gus Tertigas
RSM Richter Inc.
200 King Street West
Toronto ON M5H 3T4

Receiver

ORDER

NO request requiring a hearing was delivered to the Financial Services Tribunal within the time prescribed by subsection 89(6) of the Act respecting a Notice of Proposal to make an Order to wind up The Bowring Gift Shops Pension Plan (the “Plan”).

IT IS THEREFORE ORDERED that the Plan be wound up in full effective November 19, 2005 for the following reasons:

The employer is bankrupt within the meaning of the Bankruptcy and Insolvency Act (Canada).

All or a significant portion of the business carried on by the employer at a specific location was discontinued.

DATED at Toronto, Ontario, this 30th day of August, 2006

Tom Golfetto
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services

 
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