no REPORT OF THE No. 3 



24. The Company shall co-operate to the satisfaction of the Minister in 

 the purchase of all bona fide settlers' pulpwood. 



25. All bona fide accounts due for settlers' pulpwood purchased by the 

 Company, shall constiture a first claim against the Company. 



26. The Company shall pay to the Party of the First Part, subject to the 

 provisions and conditions herein contained, and subject to such other con- 

 ditions, orders and regulations as may be hereafter passed or enacted relating^ 

 thereto, the following prices for said wood and timbers: 



Spruce pulpwood per cord, an upset price of 50c in addition to Crown dues 

 of $1.40 with an additional 10c added, making a total of $2 per cord. 



Balsam pulpwood per cord, an upset price of 40c in addition to Crown 

 dues of 70c making a total of SI. 10 per cord. 



Poplar pulpwood per cord, an upset price of 10c in addition to Crown dues 

 of 40c making a total of 50c pei: cord. 



Jack Pine pulpwood per cord, an upset price of 10c in addition to Crown 

 dues of 40c making a total of 50c per cord. 



Jack Pine (per M ft. B.M.) an upset price of $3.50 per M ft. B.M. in addi- 

 tion to Crown dues of $2.50 per M ft. B.M. making a total of $6.00 

 per M ft. B.M. 



27. The Company hereby covenants and agrees to and with the Minister 

 to observe, perform and keep all the covenants, agreements, provisions and con- 

 ditions on its part herein contained. 



28. Failure to enlarge said plant or to make the expenditure hereinbefore 

 provided for or to employ the men as hereinbefore set forth or to observe, per- 

 form and keep any of the covenants, agreements, provisions and conditions 

 on its part herein contained, shall forfeit all the right of the Company hereunder, 

 and shall cause the deposit hereinbefore mentioned to be forfeited to and become 

 the absolute property of the Crown. 



29. If upon the termination of said period of twenty-one years the Company 

 shall have fully performed the terms and conditions hereinbefore set forth to the 

 satisfaction of the Minister it shall be entitled to an extension hereof for a further 

 term of ten years upon such terms and conditions (including the prices to be 

 paid for wood and timber) as may then be fixed by the Minister and at the expira- 

 tion of such period of ten years to a further extension of ten years upon such 

 terms and conditions (including the prices to be paid for wood and timber) as 

 may then be fixed by the Minister. If at the expiration of the last of such 

 renewals the Company shall have in all respects fully performed the terms and 

 conditions hereinbefore set forth and shall have maintained its plant and prop- 

 erty in a high state of eflficiency to the satisfaction of the Minister in all respects 

 and so that it shall then appear to the Minister desirable in the public interest 

 to continue and maintain the operations of the said plant the Minister shall grant 

 to the Company a further extension or extensions of this agreement on such 

 terms and conditions (including the prices to be paid for wood and timber) as 

 may then be fixed by him. 



30. The manufacturing clauses of the Crown Timber Act and amendments 

 to the said The Crown Timber Act, and all other clauses. Acts and regulations 

 relating in any way to the cutting of timber on Crown lands, shall be applicable 

 to the operations of the Company, and shall be binding upon the Company as 

 fully and effectually as if they had been set forth herein. Provided always, that 

 nothing contained in such clauses, Acts and regulations shall limit, restrict or 

 curtail the duties, liabilities and obligations imposed upon the Company by 

 virtue of this agreement. 



