70 REPORT OF THE No. 3 



timber) as may then be fixed by the Minister. If at the expiration of the last 

 of such extensions the Grantee 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 so that it shall then appear to the Minister desirable in the public 

 interest to continue and maintain the operations of the said plants the Lieu- 

 tenant-Governor in Council may grant to the Grantee a further extension or 

 extensions of this agreement on such terms and conditions (including the prices 

 to be paid for timber) as may then be fixed by the Lieutenant-Governor in 

 Council. 



29. The manufacturing conditions of The Crown Timber Act and amend- 

 ments to the said The Crown Timber Act, and all other conditions, acts and 

 regulations relating in any way to the cutting of the timber on Crown lands 

 shall be applicable to the operations of the Grantee, and shall be binding upon 

 the Grantee as fully and effectually as if they had been set forth herein. Pro- 

 vided always, that nothing contained in such conditions, acts and regulations 

 shall limit, restrict or curtail the duties, liabilities and obligations imposed 

 upon the Grantee by virtue of this agreement. 



30. The decision of the Minister as to the true intent and meaning of 

 this agreement shall be final and binding upon the Grantee. 



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

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

 thereunder shall not be assigned without the consent of the Minister, and 

 then subject to the payment of a transfer fee of $L00 per square mile and to 

 such terms and conditions as to him may be deemed fair and reasonable. 



In witness whereof the parties hereto have executed these presents the 

 day and year above written. 



Signed, Sealed and Delivered 



Howard Smith Paper Mills Ltd. 



J. L. Patenaude H. Crabtree, 



President. 

 as to Wm. Finlayson 



J. B. Thompson K. G. Pendock, 



Secretary. 



[seal] 

 W. Finlayson, 



[seal] 



