228 REPORT OF THE No. 3 



Appendix No. 46. 

 THIS AGREEMENT made in triplicate this Tenth day of July, 1923, 



Between: His Majesty the King, represented by the 

 Honourable the Minister of Lands and Forests 

 of the Province of Ontario, hereinafter called 

 "The Crown," 



OF THE First Part, 

 — and — 

 Continental Wood Products Company, Limited, 

 hereinafter called "The Grantee," 



OF THE Second Part. 



WHEREAS by advertisement, duly published, the Honourable the Minister 

 of Lands and Forests for Ontario called for tenders to be received by him up to 

 and including the twenty-second day of June, 1923, for the right to cut pulp- 

 wood and timber on a certain area situated in the watershed of the Trout and 

 Chapleau rivers in the Districts of Sudbury and Algoma, hereinafter more 

 particularly described. 



AND WHEREAS on the twenty-second day of June, 1923, the said 

 Minister received from the grantee a tender for the right to cut pulpwood and 

 timber on said area, which said tender has been approved and accepted. 



AND WHEREAS the right to cut pulpwood and timber on said area was, 

 by said advertisement for tenders and by the tender of the said grantee, based 

 upon and subject to certain terms, conditions and stipulations. 



AND WHEREAS this agreement is entered into for the purpose of ensuring 

 the performance by the grantee of the obligations contained in said tender and 

 acceptance thereof as hereinafter defined, and of securing the grantee the said 

 supply of pulpwood and timber for the purpose of the mill or mills to be estab- 

 lished, maintained, condqcted and carried on within the said area or at some 

 point in Ontario approved by the Minister. 



NOW THEREFORE THIS INDENTURE WITNESSETH that in con- 

 sideration of the premises it is agreed by and between the grantee and the Crown, 

 as follows: 



1. On or before the thirtieth day of December, 1923, the grantee shall 

 have commenced construction work on a Kraft pulp mill in the said area or at 

 some other place in the Province of Ontario approved by the Minister and will 

 thoroughly equip the same so that the expenditure in connection with the erection, 

 equipment, and machinery of said Kraft pulp mill contained in said Kraft pulp 

 mill will be at least One million five hundred thousand dollars ($1,500,000) and 

 shall expend in connection with the erection, equipment and machinery of said 

 Kraft pulp mill as follows: On or before the first day of June, 1924, the sum of 

 Five hundred thousand dollars ($500,000) ; on or before the first day of January, 

 1925, a further sum of Five hundred thousand dollars ($500,000); and on or 

 before the first day of June, 1925, a further sum of Five hundred thousand dollars 

 ($500,000), making in all the said sum of One million five hundred thousand 

 dollars ($1,500,000); or on or before which last-mentioned date the grantee 

 shall have said Kraft pulp mill fully equipped and in operation. 



2. Upon and after the completion of said Kraft pulp mill, the grantee, 

 during the currency of this agreement, shall operate and continue to operate the 

 said Kraft pulp mill so that the daily output thereof shall, in each and every 



