| C.C.U.B.
Trust Fund |
Larry
A. Ewashen |
|
When
the communal homesteads were cancelled in 1906-1907 in Saskatchewan
over the issue of naturalization and communal living, the government
of the day graciously reserved 15 acres for each resident over eighteen
years of age on the periphery of each village. Of course, this was not
sufficient for a family to survive on, and those Doukhobors who had
left for British Columbia, had given up their ownership rights. These
reserves dwindled as they were purchased by the new occupiers of the
property after the Doukhobors vacated, in some cases by the Independent
Doukhobors who stayed, and in other cases by other new owners who wanted
to complete their holdings, particularly when the reserves bordered
their land. In 1918, these former Dominion lands were sold or reverted
to the province. The proceeds of the these sales were also added to
an account supervised by the Saskatchewan government. It is important
to note that these fifteen acre parcels originally belonged to the communal
Doukhobors who had left for BC.
Up until the time of the bankruptcy procedures against the C.C.U.B.
this fund was referred to as The Credit Surplus Fund and was
held in trust by Toronto General Trust, later one of the receivers
in the case.
The majority of the C.C.U.B. holdings were in BC. There were smaller
operations in Alberta and land, a flour mill and farming operations
around Verigin and Kylemore. These properties were all part of the foreclosure
of the C.C.U.B.
After the costly bankruptcy procedures which lasted from 1938 to 1945,
the sum of $142,111.07 remained, and this was held in trust by the Toronto
General Trust, one of the foreclosing agents, in Regina. This money,
then, was combined with the money from the proceeds of the 15 acres
lots.
In time, this account grew to the sum of $222,000 plus an accrued interest.
This sum was held in trust by the Canada Permanent Trust Company on
behalf of the bankruptcy court and in 1979-80, was deposited with the
Minister of Finance of Saskatchewan, concurrent with the creation of
The Doukhobors of Canada C.C.U.B. TRUST Fund Act by the Saskatchewan
government. This money then, belonged to the legal heirs of the C.C.U.B.or
its creditors. But who were the legal heirs? Since it was surplus, presumably,
the creditors were paid off. There were cases of people who had lent
money to the corporation who were not paid, but had not made a claim
at the time of the dissolution. Thus, they had forfeited any claims
for reimbursement.
| C.C.U.B.
Trust Fund |
Larry
A. Ewashen |
|
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|