1921-22 DEPARTMENT OF LANDS AND FORESTS 275 



right to cut or remove timber from any territory or areas while under license 

 or permit from the Crown. 



22. The Minister shall have the right to have the timber operations on 

 the said territory inspected at any time he may deem it advisable. 



If upon any such inspection, it appears and the Minister so decides, that 

 the timber operations are carried on in such a way that any merchantable or 

 valuable timber which should be removed, is being left or destroyed, he shall 

 have the right to have said timber estimated and charge the same to the Grantees, 

 who shall pay for the same, as so estimated, at the same rates of dues as if it 

 had been actually removed by the said Grantees. 



23. The cutting and removing of the timber on this territory or any part 

 thereof shall not be deemed to have been completed until it has been declared 

 satisfactory by the Minister. 



24. The Grantees, upon entering into this Agreement, shall deposit forth- 

 with with the Provincial Treasurer of Ontario, Two Hundred and Fifty Thousand 

 Dollars ($250,000.00) cash or an equal amount of Dominion of Canada bonds 

 or Province of Ontario securities, to guarantee the erection and operation of 

 the said mills in conformity with the said conditions, which said bonds and 

 securities shall be forfeited to the Crown in the event of the failure of the 

 Grantees to fulfill all or any of the conditions of this agreement. The said 

 cash or bonds or securities shall be returned upon due performance of the con- 

 ditions herein contained to the satisfaction of the Minister and the expenditure 

 of the sums herein stipulated. 



25. The Crown does not guarantee any particular quantity of wood or 

 timber, nor undertake to do more than grant the right to cut such quantities 

 of wood or timber as may be on the said area, subject to the reservations and 

 conditions hereinbefore provided. 



26. In the event of failure on the part of the Grantees to erect, construct, 

 or operate the said pulp, paper or sawmills as hereinbefore agreed, or in default 

 of the said Grantees keeping said pulp, paper and sawmills in operation after 

 the erection thereof, or keeping the required number of persons employed as 

 aforesaid, or upon default of compliance with any of the terms, requirements, 

 provisions or conditions as aforesaid, the Crown may revoke the right, license 

 or permit to cut the said forest products, and upon said revocation all rights 

 of the Grantees under this agreement shall be and become ipso facto null and 

 void, and all securities or moneys paid as a deposit or bonus herein shall be 

 forfeited to the Crown as liquidated damages; provided that thirty days' notice 

 in writing of intention to revoke the said right, license or permit shall be given 

 by registered letter addressed to the Grantees at the said Town of Kenora, 

 before any such revocation, in order that the Grantees may have an opportunity 

 of being heard should either or any of them so desire. 



27. The word "Minister" herein shall mean Minister of Lands and Forests 

 for the Province of Ontario. 



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

 the Grantees, their heirs, executors, administrators, successors, and assigns. 

 Provided, however, that this agreement and the term hereby created, shall not 

 be assigned or transferred without the written consent of the Minister. 



29. The said parties for themselves, their heirs, successors, executors, ad- 

 ministrators, and assigns, respectively, do hereby respectively covenant and 

 agree to the full performance on their part, respectively, of everything herein 

 stipulated to be done. 



