Ottawa, January 9, 2008

Archived - Government of Canada Confirms Membership of Panel on Crown Share Adjustment Payments

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The Honourable Jim Flaherty, Minister of Finance, today announced that the Government of Canada has named the Honourable Lorne O. Clarke, Q.C., as Chair of the Panel on Crown Share Adjustment Payments. Minister Flaherty also confirmed that Dr. Brian Lee Crowley will act on the Panel as the Government of Canada's appointee.

The Panel was announced on October 10, 2007, by Prime Minister Stephen Harper and Nova Scotia Premier Rodney MacDonald to accelerate resolution of the outstanding questions concerning Crown Share Adjustment Payments to Nova Scotia.

Mr. Clarke is a former Chief Justice of the Nova Scotia Supreme Court, with a distinguished history of public service.

Dr. Crowley is the founding President of the Atlantic Institute for Market Studies and current Clifford Clark Visiting Economist at the Department of Finance.

The Government of Nova Scotia has appointed Dara L. Gordon, Q.C., a partner at McInnes Cooper in Halifax, as its Panel nominee.

"Given the depth of their understanding of the complex public policy issues involved, their long record of public service, as well as their substantial contributions to Atlantic Canada, the members named to this Panel are ideally suited for this task," stated Minister Flaherty.

"All three members of the Panel are dedicated to public service and have the skills necessary to find a solution to this issue," added the Honourable Richard Hurlburt, Nova Scotia's Minister of Energy. "We wish them well in their work and look forward to their report."

As specified by Prime Minister Harper and Premier MacDonald, the Panel will examine the long-standing technical dispute over the value of federal Crown Share Adjustment Payments to Nova Scotia under the original 1986 Atlantic Accord, with a view to facilitate the development of an approach agreeable to both governments. The Panel will report back by March 15, 2008. The Panel's terms of reference, as well as a technical backgrounder on Crown Share Adjustment Payments, are attached.

Today's announcement builds on the Budget and Economic Statement Implementation Act, 2007 (Implementation Act), which received Royal Assent on December 14, 2007, and set out another key element of the October 10 announcement. The Implementation Act provides a guarantee that Nova Scotia will be able to opt into the new Equalization arrangement without risking any of the benefits under the 2005 Atlantic Accord.

Biographical information on each of the Panel members is attached.

For further information, media may contact:

Chisholm Pothier
Press Secretary
Office of the Minister of Finance

David Gamble
Media Relations
Department of Finance

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