News Column

Update:RECASTS headline

February 5, 2014

HALIFAX - The Nova Scotia government has called a loan and taken over the assets of the indebted commission that runs the Provincial Exhibition and a harness racing track. Agriculture Minister Keith Colwell says the Nova Scotia Farm Loan Board has asked the Nova Scotia Provincial Exhibition Commission in Truro to repay its loan. Colwell says the commission has a combined loan balance of nearly $422,000 , including arrears of more than $170,000 . The Department of Agriculture is hiring an accounting firm to audit the commission after numerous unsuccessful attempts by the board to get financial information from the commission. The non-profit group owns and operates a 26-hectare exhibition facility in Bible Hill where the annual five-day Provincial Exhibition has been held since 1946. The exhibition grounds are also home to the Truro Raceway , a harness racing track that was threatened with closure last year. ( The Canadian Press )

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Source: Canadian Press Broadcast Wire (Canada)

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