224 REPORT OF THE No. 3 



Appendix No. 45. 



Copy of Agreement. 



Abitibi Power and Paper Company, Limited. 



Additional Area. 



THIS AGREEMENT made in triplicate this Twelfth day of July, 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 ABITIBI POWER AND PAPER COMPANY, 

 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 Dominion 

 of Canada, with an authorized capital of two hundred and fifty thousand shares 

 of no par value, of which ten thousand are Preference Shares and two hundred 

 and forty thousand are Common Shares, and 



Whereas the Company is the owner and operator of a pulp and paper 

 mill at the Town of Iroquois Falls in the Province of Ontario, and 



Whereas the Company has operated continuously for a number of years 

 a pulp and paper mill at the said town of Iroquois Falls with a daily output of 

 400 tons of newsprint paper, and 



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

 an adequate supply of pulpwood in. order to guarantee its continuous operation 

 and insure the employment of a large number of workmen, 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 April, 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; 



NOW THEREFORE THIS INDENTURE WITNESSETH that in 

 consideration of the premises and of the mutual covenants, promises and agree- 

 ments hereinafter contained, it is hereby agreed as follows: — 



1. In consideration of the premises of the contracts and agreements entered 

 into on the part of the Company, the Crown, for the rates hereinafter set forth 

 and provided and subject to the terms, conditions and regulations as to locality 

 and manner of cutting, measuring, driving and removing same as may from 

 time to time be imposed by the Minister and subject also as hereinafter set 

 forth and contained, will and doth grant to the Company for a period of twenty- 

 one years the right to cut and remove all the timber suitable for pulpwood, 

 except Red and White Pine, and Jack Pine twelve inches and upwards eighteen 

 inches from the ground, to supply the said mill or extension thereof or additions 

 thereto in or upon the area described as follows: — 



