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Froa:CC3V GOLD
<br />~~i pATED FINANCI
<br />r
<br />:PORT OF MANAGEMENT
<br />I718fiBB325~ T-04B P.02/03 Job-616
<br />STATEMENTS
<br />Tae n+ema•t•cnt of Ttr- 8attk of NONt S'n,da ii rtspMWl7l+• fit
<br />e 01taKrlty ado altfeaivltY of the mlmteftd 0lfrtrnlatloa Prr•deatrd ur •
<br />~• AnmW Repay. The owuoIldated latanclnl dtyteatenla lat bcra~ .
<br />apon:d In seardotets: vrRil else Rrterletat tepr,nhryt rwldmne,Ke nt
<br />11: 9tuUc nec ana aldtruetiorvr lanlrad Iry iM ~~porintsvd•nt nI
<br />umndal Inedtutiolie Cantlda xidgl nomplY in al mnerW tnrticl•
<br />•leA paseragy •ttspt.td aemtonart( pri{1C3p1eJ. Tlu eon.dhhdetl (ma,r
<br />W wcemrnv trba atnotntta which .yudt o[ 1larrdmty 4: ha•edl an
<br />h• Oat utitmeae and pedHamrnc at re.naar:mmd vleh apatlry,nat.•
<br />:ortedarattat a7 to uuleeirJlty. Y6Kit10a1ln6xsutcbu ptiaSVrd eus•
<br />.here a1 tide Aaranl Repay Y t:artst•ecnt with tka slutstl b tF.r
<br />tacmnWWrt4 torato9dated Omaaeat tRaca{Ia91tt
<br />14at1a~3nasrt hu obtg7 rataetlrrd life Jhytdttntln: of tht Rant:
<br />malhu'rwtti tuts nstfo+elttlt tha h~tsdt po~dhh+ etandana Or conrlocr
<br />M 04 df Sts at:doas, iaUudlK the prtpatetlah and dla•aNn•tlor of
<br />°,:•• ~Utlfrtitaeeattsla tAt litwhCW taasl(Hntt df taro Bznlt b tide
<br />t~otcd, a•aag•meta live develapad sad tnalnte4u a syatf:tn of
<br />eCdrvdhl(i seld taDattlnR -1tY>tt Aeo'rtlda 01r tht nCCe3try itwnul
<br />tNltsda td enateM iZrQ LOh1Yt9vtu m prapetb tWlelotidad drld
<br />eseotded, aeeen tea ~e9tard•d agrietet ytmdttorlrid me a dlsAOel•
<br />non aadtmbt0elei tos nravplated, 77r. Mteat b ulgmtKaed h urttreh
<br />polban .arts proeoduses tho tatt!<!I edeetioa •nd rralsdal d tltmllllM
<br />acaQ, the tyeehLahnraac of taatnladottal ttrucuw Wo•ldltN en
<br />epptatutetc •s+d w•Gledned dltidoct o7 ieepoaebllit+te.cend the totn-
<br />mt+rliCapaa O[ ItalleW and latddettcurd e(6tedne•• Wrxttect tJttay5ltula
<br />ttte mink .. .
<br />The aydtora of btteeisal mdnoL b IiaYlfer euppated 1tY a ptored.
<br />Pacer C. Godsx H•un A Btrmmflham
<br />Chelttatan oC pie hoard Prcrident
<br />and Chlaf Esxue•e Otater
<br />Toronto, Deeatnher 9. !9911
<br />AUDITORS' REPORT
<br />To tshe BiarEOoidat of Ths Sant et Now gdotia
<br />wt haw aledl~ed the Conaolldasad Balance 9neen a Tac basses
<br />et Msvy 8eotia s• at OaioDt7 91, 1996 tuts 199:, sad the
<br />CdadoUdatsd &atsmsrnra of Income, r,Zlerten v, Sharshoiderd'
<br />Equia ntd ChaaQee it Flnat,s:tal Pddtian for oath oI the rears to
<br />rJst sh,caylau period oases Octehrx 91, tp9(t- These Martial
<br />etatamarw are tM ralpdnelbRlty of thy: 8a1tYa manafomsnt. Our
<br />rnpdMbglq b to t:ptan an dplo;dn an theta Ittune4l etate-
<br />ttteav hated en sar •uWef.
<br />We mnduct•d oar audits la aeefxdanee .rtta 8enendy aReyL
<br />W aueltoty rx•nrl•re•. TMm standards Rdtdrc that es plan and
<br />perfoten an aW1t ee obtabf tt•wrrohle tpsaVlCe 1Mether ttre mlda•
<br />ales! atatemeata ate free n! ptatertat >rl.n•uresent. Aa •uAit
<br />1CPy10 Ides
<br />Clsartered AethWltanta
<br />A?R-OB-BB 12:07
<br />shale! dcaR of iNrrn~l iyrUtrad xla, r7n•Isirl Ih~t.•Gr aullit vI dl
<br />aspnv ut Nr. o•wer r,t>.Tfu:ne. Td m•li. Ihr 13tnk: t:h4•t Lrsl••rioe
<br />hoes full and fn. OtSm IA. and trn•rt3 1+r't'4^~sdl} xilly tin• Mvllt
<br />Conultkter, a[ thr Racers n(Itirn•lets
<br />The RllurintMr Yn. ,d' F11a,miW Ifwtiugi.,:n cacahr raulWua
<br />wtvl rnyldca 4tW ihr. hu•wt.. uttl attlnn tp Ilv.• 11p11. d• lr trcp•,i•rn+
<br />rwtt~ry, W ettiQy ldnaa•L'tlhd tla• pr+-L+iniry of Ihr• ltiltk Ary, lyr-
<br />in9 n•4•trr,te to tlr aarat> of rIM hdrnw. ,rrrh•ry,eikta r•n•[lil„re nn,l
<br />aharnhdecWS of the Bonk Orr IwltW rhdy rds•n„1 and uur rlr Runt
<br />V M a eoxnd hmllelai RtraIIf tar.
<br />Thr Attdlt GrmlYJtlee, wulry+ttvl wsttn•I?' of nnro4lr larexnoa.
<br />mint the dattdMhhKeet Oterniar •7~entx•,np .iris 1.a0 maru,µtur:td
<br />and the IndepntGm aW lmn hel'rat •urh •ranarnu:rtt• aplxrt•sd tg'
<br />tl+r Banat of Olreetnn srul misnllttatt to iM shurlwakte of thr AvS•
<br />Thr Catalutt P_erled• ComtM ke o(p1e IMdtrsJ of IHn,•b,nt. rom-
<br />pttead eMtrab aI oltddde f0lneeors, ierkxs and tePartd itt on8nt¢ to
<br />tae Rand Q 11iKlSOra On >Q sNeted pes(?t iranmcria•: having s ate;
<br />otl-1 ItttpaR tta the Bank ~ r, r_ s _ ..
<br />IC4(O et+ utd AloetgerAleufeGto~tr•1J?, tW: ladcpet!denr
<br />sadltdta appolrted h!i ila eiovattdldm e! tM Ball: !tai iiilldtled
<br />the dundolideted Ilnetld~ atat•mmlu of d1e Ilan- is aeedrdatlee with
<br />;lnarolly aeeeRed sutllfYt/ enrndanL arts hies adprsned tf refs oPav
<br />Ida upon on,spbbots xtnwtfs •w~ilatt ill ill! IaOaaltq{ tep~rit to the
<br />altanhahirm. The ndmton tyro fullartd fRe +ctea ca alts itlaCt ptv!•
<br />adtedll• wtta. the Audis Cotrunicee w dtrt.Vta ehelr 3adu and mt1d11tJa
<br />z: to t:+e inteari(y of the Badrti aacwlcsr,9 atltl fhvtirdal repaying afla
<br />the adegttscY of me 4•nan or Irreesrd e•„eeetL
<br />Beraglle S, ydsesah
<br />Esecatseeti'lee-~rddidene .
<br />and Ctlat Ptnonctal Cltices
<br />s....:.,
<br />:.-
<br />WeWdes ItAaleNhg. on o trrdt 6eala, atdmee 9upDOrtW tha
<br />emeunar and didel0•atp in efts IljirueW IShteIItCtlfl M addle ciao
<br />lneludes aLeteitla the at:totut(ia8 pAdaleKa ceded and slimftcnrt
<br />cetlwsatae ntid. hY matueamrttt 6f x•eU a! eglCatkeg toe ovaroll
<br />ib+a+ttlal etuemwt 9iedetxatioa•
<br />in our apinlonr f9YSrr wnoflduced ~falanaal Wtdmdats prr
<br />cant lYlrtY, !A raV tnacerad rvpreu, tl+e lhtanelal paleba of the
<br />H•na a. u Oatehsr• 9t, 1998 and 3>)di. and the raeltW N us ap.ee•
<br />{lpn• aed tae ehattgu la Sd Oaantird padttws ror uch srt the yeah
<br />In tae larva-yeas p,rriod afddd Oetadet• 91, 19D8, Mt oesordana
<br />atch gaaetatly ar.•eepced artduttthltl prrnelpin rnelurNng ehc
<br />otcoxnstry ..~at..r.•.r. ul th- Supertnctmdent of Finutelal
<br />iaatltctWne Gatoda,
<br />PdcewterhoiuaCoope» 1.LP
<br />Chrrtsed Aceowttanra 7ownw. Oecetabar 2. 19Ca
<br />•~6d SCOTIAB~NK
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