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Nova Scotians Receive 830 Million in Offshore Royalties from Ottawa

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first_imgNova Scotians were recognized as the principal beneficiaries of their offshore resources in a very real way today, June 30, with the delivery of $830 million in offshore revenues from the government of Canada. Premier John Hamm received a ceremonial cheque from Geoff Regan, federal Minister of Fisheries and Oceans, at Province House in Halifax. The actual financial transaction occurs electronically between the federal and provincial departments of finance. “We will apply this money directly to our provincial debt and use the interest savings for things that matter most — health care, education and investments in our continued growth and prosperity,” said Premier Hamm. “Nova Scotians were very patient through this four-and-a-half year process and I am very grateful for their support. I am pleased to report to them that our Campaign for Fairness has been successfully concluded.” The Department of Finance will start a schedule of debt repayments on Monday, July 4, with the retirement of a $150 million bond. Mr. Regan welcomed the completion of a deal which ensures Nova Scotia is the principal beneficiary of its offshore resource revenues. The transfer of funds follows the passing of the federal budget, which received Royal Assent Wednesday, June 29. “The offshore accord which received Royal Assent on Wednesday and the $830 million down payment made today will make a positive difference in the lives of all Nova Scotians and will help our province address its unique financial challenges,” Mr. Regan said. “Prime Minister Paul Martin made a commitment to Nova Scotians last year and the Government of Canada is fulfilling that commitment here today.” Nova Scotia had budgeted to receive the funds in the fall. Additional debt-cost savings will be factored into the province’s bottom line and recognized in the September fiscal update.last_img read more

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EURO 2012 Qualification Round 2 Portugal took a point against Poland

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← Previous Story Rastko Stojkovic: “Vive as a new Vezsprem – Denmark isn’t a TOP NT” Next Story → Valero Rivera after fantastic start of Spain: “Defense is the key” Second Round of EURO 2012 Qualification process gave us some interesting results. Portugal took a point against Poland 27:27. Another draw we saw in Sarajevo, where played BiH and Macedonia 28:28. Problems without Ivano Balic (injury) had Croatia in Lithuania, but second best World’s national team won 21:19. Favorites as Hungary, Spain, Denmark, Russia, Slovenia, Germany and Norway celebrated secure wins as a visitors.2012 Men’s European Championship – Qualification 2 – Group 1Estonia vs. Hungary 19:31Bosnia Herzegovina vs. FYR Macedonia 28:282012 Men’s European Championship – Qualification 2 – Group 2Lithuania vs Croatia 19:21Romania vs  Spain 20:352012 Men’s European Championship – Qualification 2 – Group 3Portugal vs Poland 27:27Ukraine vs  Slovenia 25:312012 Men’s European Championship – Qualification 2 – Group 4Montenegro vs  Slovakia 25:35Israel vs Sweden 28:322012 Men’s European Championship – Qualification 2 – Group 5Austria vs. Iceland 28:23Latvia vs. Germany 18:362012 Men’s European Championship – Qualification 2 – Group 6Netherlands vs Czech RepublicGreece vs Norway 25:322012 Men’s European Championship – Qualification 2 – Group 7Switzerland vs. Denmark 25:36Belarus vs. Russia 32:39Further Qualification RoundsThe playing dates for the following qualification matches are as follows: Round 3: 09/10 March 2011 Round 4: 12/13 March 2011 Round 5: 08/09 June 2011 Round 6: 11/12 June 2011 read more

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