1922-23 DEPARTMENT OF LANDS AND FORESTS 219 



Appendix No. 44. 



THIS AGREEMENT made in triplicate this fifteenth day of May, 1923. 



BETWEEN 



HIS MAJESTY THE KING, represented by the 

 Honourable the Minister of Lands and Forests for the 

 Province of Ontario, hereinafter called "The Crown," 



Of the First Part 

 — and — 



THE SPANISH RIVER PULP AND PAPER MILLS, 

 LIMITED, a Company organized and existing under the 

 laws of the Province of Ontario, hereinafter called "The 

 Company," 



OF THE Second Part. 



WHEREAS the Company was organized by Letters Patent of the Province 

 of Ontario, with an authorized capital of Twenty Million Dollars ($20,000,000.00) 

 divided into Two Hundred Thousand (200,000) shares of the par value of One 

 Hundred Dollars ($100.00) each, of which One Hundred Thousand (100,000) 

 are Preference Shares and One Hundred Thousand (100,000) are Common 

 Shares, and 



Whereas the Company is the holder and owner of all of the capital stock 

 of the Lake Superior Paper Company, Limited, a company duly incorporated 

 under the laws of the Dominion of Canada, and operating a pulp and paper mill 

 at the City of Sault Ste. Marie, in the District of Algoma, in the Province of 

 Ontario, and 



Whereas the Company has operated continuously for a number of years, 

 pulp and paper mills at the town of Espanola in the District of Sudbury, in. the 

 Province of Ontario, and at the Town of Sturgeon Falls in the District of 

 Nipissing, and 



Whereas at the three said mills of the Company the Company has a daily 

 output of 700 tons of newsprint, 700 tons of groundwood, 290 tons of sulphite 

 pulp, arid 50 tons of Ijoard or wrapping paper, and 



Whereas the Company has expended in the construction and operation of 

 its three said mills large sums of money, and has represented to the Crown that 

 it has an insufficient supply of pulpwood to support its said operations, and 



Whereas it is in the public interest that the said mills shall be assured of 

 an adequate supply of pulpwood in order to guarantee the continuous operation 

 of its mills, thus insuring the employment of a large number of workmen through- 

 out each year, and 



Whereas in order to assure the Company of an adequate supply of pulp- 

 wood for its mills the Crown, represented by a former Minister of Lands and 

 Forests, set aside in September, 1919, an area of ungranted lands of the Crown 

 and indicated his intention to grant to the Company the right to cut pulpwood 

 over an area the extent and location of which was to be determined later, and 



Whereas in consideration of the setting aside of such area the Company 

 has expended large sums of monies in addition to and extensions of its plants, and 



Whereas a Government cruise has been made and an estimate submitted 

 and one-half of the cost of such work is chargeable to and payable by the 

 Company, and 



Whereas this Agreement has been entered into in fulfilment of the intention 

 of such former Minister: 



