82 REPORT OF THE No. 3 



the "Sucker Creek" concession, consisting of 72 square miles, upon which there 

 is estimated to be 41,410 cords of pulpwood, and the "Township of Hele" con- 

 sisting of 48 square miles, upon which there is estimated to be 80,880 cords of 

 pulpwood ; 



And whereas the estimated amount of pulpwood on the territory hereinafter 

 described, other than the Concessions mentioned in the preceding paragraph 

 hereof, is 2,462,388 cords; 



And whereas by advertisement duly published The Honourable the Minister 

 of Lands and Forests for the Province of Ontario called for tenders to be received 

 by him for the right to cut pulpwood and timber on the areas therein mentioned, 

 including certain lands hereinafter described, subject to certain terms and con- 

 ditions of sale; 



And whereas in pursuance of such advertisement the Company did deliver 

 its tender to the said Minister, in and by which tender it offered to pay for such 

 pulpwood and timber on the territory described in said tender, the prices follow- 

 ing: Spruce pulpwood, upset price 50c, dues $1.40, additional 5c, total $1.95 

 per cord; Balsam pulpwood, upset bonus 40c, dues 70c, total $1.10 per cord; 

 Poplar, upset bonus 10c, dues 40c, total 50c per cord; Jack-pine pulpwood, 

 upset bonus 10c, dues 40c, total 50c per cord; Banksian or Jack-pine, upset 

 bonus $3.50, dues $2.50 per M. feet B. M., total $6.00; 



And whereas the prices offered by said Company were the highest prices 

 received for the territory covered by said tender; 



And whereas $2,00 per cord for spruce and $1.10 per cord for balsam were 

 the highest prices offered pursuant to such advertisement by any tenderer in 

 the District of Thunder Bay; 



And whereas the average price per cord for spruce and balsam on the said 

 concessions now owned by the Company and on the territory described in the 

 Company's said tender, computed on the basis of the prices payable under said 

 concessions and at the prices of Two ($2.00) Dollars per cord for the spruce and 

 One Dollar and ten cents ($1.10) per cord for the balsam on said territory is 

 approximately Two Dollars and twenty-four cents ($2.24) per cord for said spruce 

 and balsam timber on the whole of said concessions and territory, which said 

 concessions and territory are hereinafter more particularly mentioned and 

 described ; 



And whereas it is greatly in the public interest that the said concessions 

 heretofore owned by the said Company should be brought under and made liable 

 to all the provisions, restrictions and conditions in this agreement hereinafter 

 particularly set forth ; 



And whereas the Company has surrendered to the Crown all its right, 

 title and interest in and to the said concessions in order that the same may be 

 made subject to the provisions of this agreement; 



And whereas it will be of great advantage to the Province of Ontario gener- 

 ally, and aid materially in the advancement, development and settlement of 

 the district in which the proposed enlargements to the said Company's plant 

 are to be made, to have the plant of the said Company enlarged and improved 

 as aforesaid; 



And whereas with its tender aforesaid, the Company did deposit with the 

 Minister its marked cheque payable to the Honourable the Treasurer of the 

 Province of Ontario for the sum of Fifty thousand ($50,000) Dollars; 



And whereas the concessions now owned by the Company have not a 

 sufficient supply of pulpwood to warrant such enlargements ; 



