88 



REPORT OF THE 



No. 3 



conditions on its part herein contained the Government may revoke the grant 

 and right to cut the wood and timber herein conferred, and upon such revocation 

 all rights of the Company under this agreement shall be and become null and 

 void and shall cause the deposit hereinbefore mentioned of $25,000.00 to be 

 forfeited and become the absolute property of the Crown, provided that thirty 

 days' notice in writing of intention to revoke the said grant shall be given by 

 registered letter addressed to the Company at Toronto C/o Messis. Young & 

 McEvoy, Barristers, Bank of Hamilton Building, before any such revocation is 

 made, in order that the Company may have an opportunity of being heard, 

 should it so desire. 



26. 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 price 

 to be paid for wood and timber) as may then be fixed by the Minister, and at the 

 expiration 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 property 

 in a high state of efficiency 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. 



27. 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. 



28. This agreement shall be binding upon and enure to the benefit of the 

 Company and its assigns, but this agreement and the rights of the Company 

 thereunder shall not be assigned without the consent of the Minister. 



29. The word "Minister" in this agreement shall mean the Minister of 

 Lands and Forests for the Province of Ontario. 



In witness whereof the parties hereto have executed these presents the day 

 and year first above written. 



Signed, Sealed and Delivered 

 in the presence of 



McGregor Young, 

 W. C. Cain, 



as to Minister's Signature. 



NORTH WEST ONTARIO 

 DEVELOPMENT CO., LIMITED. 

 John A. McEvoy, 



President. 



Agnes Moulton, 



Secretary. 

 Wm. Finlayson. 



