64 REPORT OF THE No. 3 



Appendix No. 15)4 



This Agreement made and entered into this 26th day of November, 1929. 



Between : 



His Majesty the King represented herein by the Minister of Lands 

 and Forests for the Province of Ontario, hereinafter referred to as 

 the Minister, 



of the first part, 

 — and — 



Howard Smith Paper Mills Limited hereinafter referred to as the 

 Grantee, 



of the second part. 



Whereas the said Grantee has expended in the erection and equipment of 

 pulp and paper plants at the Town of Cornwall, in the County of Stormont, 

 in the Province of Ontario and in a site for the same approximately Five Million 

 dollars ($5,000,000)— Four Million dollars ($4,000,000) of which has been 

 expended since the year 1920. 



And whereas the said Grantee is now operating said plants at the said 

 Town of Cornwall. 



And whereas the plants of the said Grantee at the said Town of Cornwall 

 have a capacity of approximately 



Bleached Sulphite Pulp, 20,000 tons per year. 

 Bleached Soda Pulp, 17,000 tons per year. 

 Chlorine and Caustic Soda, 3,500 tons per year. 



Book, Bond, Litho, Writing, Bristol, Blotting, Cover, Offset, Stationery, 

 Text, etc., 22,500 tons per year. 



And whereas the said Grantee and the subsidiaries hereinafter mentioned 

 employ throughout the year in their plants approximately 700 men. 



And whereas the said Grantee through subsidiary companies is now operat- 

 ing pulp and paper plants at the Towns of Georgetown and Merritton in the 

 Province of Ontario. 



And 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 26th day of August, 1929, for the right to cut pulpwood 

 and other classes of timber on an area in the District of Sudbury therein described, 

 including the lands hereinafter referred to, subject to certain terms and con- 

 ditions of sale. 



And whereas on the 24th day of August, 1929, the Minister received from 

 the Grantee a tender for the right to cut pulpwood timber on said area in and 

 by which said tender it offered to pay for such pulpwood timber the prices 

 hereinafter mentioned, subject to certain terms and conditions of sale. 



And whereas with its tender aforesaid the Grantee did deposit with said 

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

 Province of Ontario for the sum of Fifty Thousand dollars ($50,000). 



And whereas this agreement is entered into for the purpose of insuring 

 the performance by the Grantee of the obligations contained in the said tender 

 and acceptance thereof as hereinafter defined and of securing to the said Grantee 

 the said supply of pulpwood timber for the purpose of the mills of the Grantee 



