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October 15, 1975

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Mayor J. M. Campbell, CCT 27 1975
City of Port Coquitlam,

2272 McAllister Avenue,

‘PORT COQUITLAM, British Columbia

Dear Mayor Campbell

Accompaning this letter please find a cheque issued to implement
a major provision of the Natural Gas Revenue Sharing Act.. This cheque
will transfer to your community the sum due it under the housing starts
section of the Act.

One of the principles underlying the Natural Gas Revenue Sharing
Act is the provincial government's conviction that increases in provincial
ascistance to municipalities must be responsive to the entire range of
municipal responsibilities. Among the greatest of these responsibilities
is the obligation to accommodate population increases, and to~bear -

part of the cost associated with housing. The provincial government is.
committed to reducing that cost burden. For that reason an annual
grant of $100 per net new housing unit has been provided in the Act. The
enclosed cheque delivers the grant to which your municipality is entitled ©
in respect of its 1974 housing growth.

The commitment expressed in this cheque is a double one: first, to
assign a share of resource revenues to British Columbia's local governments;
and second, to recognise the variety of municipal needs and responsibilities.
The provincial government is confident that this double commitment will
be maintained and strengthened in the future.

£. Yours a truly,

39800 Received a,
j Seto

tome Lorimer,

~ Minister
Comes: Council
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