1921-22 DEPARTMENT OF LANDS AND FORESTS 271 



AND WHEREAS on the said eighieenth day of December, 1920, the said 

 Minister received from the Grantees a tender for the right to cut the forest 

 products on the said area, which said tender was duly accepted on the twenty- 

 second day of December, 1920; 



AND WHEREAS the grant of the right to cut forest products upon said 

 area was, by said advertisement for tenders and by the tender of the said 

 Grantees, based upon and subject to certain terms, conditions and stipulations; 



AND WHEREAS this agreement is entered into for the purpose of ensur- 

 ing the performance by the Grantees of the obligations contained in the said 

 tender and acceptance thereof, as hereinafter defined, and of securing the 

 Grantees the said supply of forest products for the purposes of the mill or mills 

 to be established, maintained, conducted and carried on in the Town of Kenora 

 in said District of Kenora; 



AND WHEREAS under the terms of an agreement between the parties 

 hereto dated the 30th day of September, A.D. 1920, and executed by the parties 

 hereto, the said Grantees herein agreed to forthwith, after the execution of said 

 agreement, dated the 30th day of September, A.D. 1920, proceed with the 

 erection in the Town of Kenora, of certain mills therein referred to, and, upon 

 certain other terms and conditions therein contained, to enlarge and further 

 extend said mills and increase the capacity thereof as therein provided; 



AND WHEREAS, in fulfilment of its promise therein contained to offer 

 for competition certain pulpwood and timber on the area comprising a part of the 

 English River Watershed, referred to in the 8th paragraph of said agreement, 

 dated the 30th day of September, 1920, the Crown has offered for competition 

 the forest products hereinafter more particularly described, and the Grantees 

 have tendered for the said area, and the said Grantees' offer therefor has been 

 accepted by the Crown, and the Grantees are now under obligation to carry 

 out all their obligations to erect, construct, enlarge, extend, complete and 

 operate the mills provided for in said agreement, dated the 30th dav of September, 

 1920; 



NOW THEREFORE, THIS INDENTURE WITNESSETH that in 

 consideration of the premises and of the mutual covenants, promises and agree- 

 ment hereinafter contained, it is hereby agreed as follows: 



1. The Grantees shall proceed with the construction of the pulp and 

 paper mills in said Town of Kenora provided for in said agreement, dated the 

 30th day of September, 1920, and on or before the 22nd day of October, 1921, 

 shall have constructed and have in operation in the said Town of Kenora a 

 pulp mill of a capacity of, and manufacturing, fifty (50) tons of pulp daily, 

 and shall continue uninterruptedly the construction work upon said pulp and 

 paper mills until there is being manufactured at said pulp and paper mills 200 

 tons of newsprint paper per day. 



2. The Grantees shall fully complete and equip said pulp and paper mills 

 and have the same in operation on or before the 22nd day of December, 1923, 

 expending in said construction of s'aid pulp and paper mills the sum of at least 

 $2,500,000.00, of which sum of $2,500,000.00 so to be expended, the sum of not 

 less than $1,000,000.00 shall have been expended by the Grantees, on or before 

 the 22nd day of October, 1921. 



3. Upon and after the said completion of said pulp and paper mills, the 

 said Grantees, during the currency of this agreement, shall continue to operate 

 the said pulp and paper mills so that the daily output thereof shall not be less 

 than 200 tons of newsprint paper 



