18-K 1 a06-18314_118k.htm ANNUAL REPORT FOR FOREIGN GOVERNMENTS AND POLITICAL SUBDIVISIONS

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 18-K

For Foreign Governments and Political Subdivisions Thereof

ANNUAL REPORT
of

PROVINCE OF BRITISH COLUMBIA

(Canada)

(Name of Registrant)

Date of end of fiscal year to which this annual report relates: March 31, 2006

SECURITIES REGISTERED*

(As of the close of the fiscal year)

Amounts as to which

Names of exchanges

 

Title of issue

 

 

registration is effective

 

 

on which registered

 

N/A

N/A

N/A

 

Names and addresses of persons authorized to receive notices and
communications from the Securities and Exchange Commission:

Honourable Pamela Wallin
Robert Noble
David
Murchison
Canadian Consulate General
1251 Avenue of Americas
New York, New York 10020


Copies to

Christopher J. Cummings

Winthrop B. Conrad, Jr.

Ministry of Finance

Shearman & Sterling LLP

Davis Polk & Wardwell

Provincial Treasury

199 Bay Street,

450 Lexington Avenue

Debt Management Branch

Commerce Court West

New York, New York 10017

2nd Floor

Suite 4405, P.O. Box 247

 

620 Superior Street

Toronto, Ontario, Canada

 

P.O. Box 9423, Stn Prov Govt

M5L 1E8

 

Victoria, British Columbia,

 

 

Canada V8W 9V1

 


*    The Registrant is filing this annual report on a voluntary basis

 




PROVINCE OF BRITISH COLUMBIA

The information set forth below is to be furnished:

1.                 In respect of each issue of securities of the registrant registered, a brief statement as to:

(a)         The general effect of any material modifications, not previously reported, of the rights of the holders of such securities.

None.

(b)         The title and the material provisions of any law, decree or administrative action, not previously reported, by reason of which the security is not being serviced in accordance with the terms thereof.

None.

(c)          The circumstances of any other failure, not previously reported, to pay principal, interest, or any sinking fund or amortization installment.

None.

2.                 A statement as of the close of the fiscal year of the registrant to which this annual report relates giving the total outstanding of:

(a)         Internal funded debt of the registrant. (Total to be stated in the currency of the registrant. If any internal funded debt is payable in a foreign currency, it should not be included under this paragraph (a), but under paragraph (b) of this item.)

Certain information concerning internal funded debt of the registrant is included in Exhibit 99.3 hereto and is incorporated by reference herein.

(b)         External funded debt of the registrant. (Totals to be stated in the respective currencies in which payable. No statement need be furnished as to intergovernmental debt.)

Certain information concerning external funded debt of the registrant is included in Exhibit 99.3 hereto and is incorporated by reference herein.

3.                 A statement giving the title, year of issue, date of maturity, interest rate and amount outstanding, together with the currency or currencies in which payable, of each issue of funded debt of the registrant outstanding as of the close of the fiscal year of the registrant to which the annual report relates.

Certain information concerning the funded debt of the registrant is included in Exhibit 99.3 hereto and is incorporated by reference herein.

4.                 (a)   As to each issue of securities of the registrant which is registered, there should be furnished a break-down of the total amount outstanding, as shown in Item 3, into the following:

(1)          Total amount held by or for the account of the registrant.

 

 

 

 

 

 

 

 

Total Amount

 

 

 

 

 

 

 

 

 

Held by or for

 

 

 

 

 

Year of

 

Interest

 

the Account of

 

Series

 

 

 

Date of Maturity

 

Issue

 

Rate

 

the Registrant

 

BCUSD-2

 

January 15, 2026

 

1996

 

6.50

 

US$30,774,526

 

BCUSD-3

 

September 1, 2036

 

1996

 

7.25

 

US$47,286,865

 

BCUSD-4

 

June 20, 2007

 

2002

 

Floating

 

US$0

 

BCUSG-1

 

October 29, 2008

 

1998/2001

 

5.38

 

US$0

 

BCUSG-2

 

October 13, 2006

 

2001

 

4.63

 

US$0

 

BCUSG-3

 

May 30, 2013

 

2003

 

4.30

 

US$0

 

BCCG-2

 

December 1, 2006

 

1999/2001

 

5.25

 

C$4,474,032

 

BCCG-3

 

June 1, 2009

 

2002

 

5.70

 

C$23,257,328

 

 

2




(2)          Total estimated amount held by nationals of the registrant (or if registrant is other than a national government by the nationals of its national government); this estimate need be furnished only if it is practicable to do so.

Not practicable to furnish.

(3)          Total amount otherwise outstanding.

 

 

 

 

 

 

 

 

Total Amount

 

 

 

 

 

Year of

 

Interest

 

Otherwise

 

Series

 

 

 

Date of Maturity

 

Issue

 

Rate

 

Outstanding

 

BCUSD-2

 

January 15, 2026

 

1996

 

6.50

 

US$469,225,474

 

BCUSD-3

 

September 1, 2036

 

1996

 

7.25

 

US$252,713,135

 

BCUSD-4

 

June 20, 2007

 

2002

 

Floating

 

US$150,000,000

 

BCUSG-1

 

October 29, 2008

 

1998/2001

 

5.38

 

US$750,000,000

 

BCUSG-2

 

October 13, 2006

 

2001

 

4.63

 

US$750,000,000

 

BCUSG-3

 

May 30, 2013

 

2003

 

4.30

 

US$500,000,000

 

BCCG-2

 

December 1, 2006

 

1999/2001

 

5.25

 

C$1,245,525,968

 

BCCG-3

 

June 1, 2009

 

2002

 

5.70

 

C$726,742,672

 

 

(b)         If a substantial amount is set forth in answer to paragraph (a)(1) above, describe briefly the method employed by the registrant to reacquire such securities.

The     securities were acquired by means of open market purchases.

5.                 A statement as of the close of the fiscal year of the registrant to which this annual report relates giving the estimated total of:

(a)         Internal floating indebtedness of the registrant. (Total to be stated in the currency of the registrant.)

Certain information concerning internal floating indebtedness of the registrant is included in Exhibit 99.3 hereto and is incorporated by reference herein.

(b)         External floating indebtedness of the registrant. (Total to be stated in the respective currencies in which payable.)

Certain information concerning external floating indebtedness of the registrant is included in Exhibit 99.3 hereto and is incorporated by reference herein.

6.                 Statements of the receipts, classified by source, and of the expenditures, classified by purpose, of the registrant for each fiscal year of the registrant ended since the close of the latest fiscal year for which such information was previously reported. These statements should be so itemized as to be reasonably informative and should cover both ordinary and extraordinary receipts and expenditures; there should be indicated separately, if practicable, the amount of receipts pledged or otherwise specifically allocated to any issue registered, indicating the issue.

Certain information concerning revenue and expenditure of the registrant is included in Exhibit 99.5 hereto and is incorporated by reference herein.

7.                 (a)   If any foreign exchange control, not previously reported, has been established by the registrant (or if the registrant is other than a national government, by its national government), briefly describe the effect of any such action, not previously reported.

None.

(b)         If any foreign exchange control previously reported has been discontinued or materially modified, briefly describe the effect of any such action, not previously reported.

Not applicable.

3




This annual report comprises:

(a)           Pages numbered 1 to 5 consecutively.

(b)          The following exhibits:

Exhibit (a) — None

Exhibit (b) — None.

Exhibit (c) — Copy of the British Columbia Budget and Fiscal Plan 2006/07 - 2008/09 (incorporated by reference to Amendment No. 4 on Form 18-K/A to the registrant’s Annual Report on Form 18-K relating to the fiscal year ended March 31, 2005.)

Additional exhibits

Exhibit

(99.1)

Cross-reference sheet — 2006 British Columbia Financial and Economic Review

 

(99.2)

Cross-reference Sheet — 2005/06 Public Accounts

 

(99.3)

Additional Information relating to the Province

 

(99.4)

2006 British Columbia Financial and Economic Review

 

(99.5)

2005/06 Public Accounts

 

(99.6)

First Quarterly Report on the Economy, Fiscal Situation and Outlook, Fiscal Year 2006/07, Three Months, April-June 2006

 

This annual report is filed subject to the Instructions for Form 18-K for Foreign Governments and Political Subdivisions Thereof.

4




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized, at Victoria, British Columbia on the 16th day of October, 2006.

PROVINCE OF BRITISH COLUMBIA

 

(Name of registrant)

 

By:

/s/ J.W. Hopkins

 

 

Name:

James W. Hopkins

 

 

Title:

Assistant Deputy Minister

 

 

 

Provincial Treasury and Registries

 

 

 

Ministry of Finance

 

5




EXHIBIT INDEX

Exhibit (a) — None

Exhibit (b) — None

Exhibit (c) — Copy of the British Columbia Budget and Fiscal Plan 2006/07-2008/09 (incorporated by reference to Amendment No. 4 on Form 18-K/A to the registrant’s Annual Report on Form 18-K relating to the fiscal year ended March 31, 2005.)

Additional exhibits

Exhibit

(99.1)

Cross-reference sheet — 2006 British Columbia Financial and Economic Review

 

(99.2)

Cross-reference Sheet — 2005/06 Public Accounts

 

(99.3)

Additional Information relating to the Province

 

(99.4)

2006 British Columbia Financial and Economic Review

 

(99.5)

2005/06 Public Accounts

 

(99.6)

First Quarterly Report on the Economy, Fiscal Situation and Outlook, Fiscal Year 2006/07, Three Months, April-June 2006