The impasse was resolved when the U.S. agreed to pay in cash to British Columbia the discounted present value of the first 30 years of the province's benefit entitlement. The treaty said: The purchase...

The impasse was resolved when the U.S. agreed to pay in cash to British Columbia the discounted present value of the first 30 years of the province's benefit entitlement. The treaty said: The purchase price of the entitlement shall be $254.400,000, in United States funds as of October 1, 1964, subject to adjustment, in the event of an earlier payment of all or part thereof, to the then present worth, at a dicount rate of 4.5% per annum. The 30 years was up in 1994, and British Columbia then started receiving annual benefits.