1921-22 DEPARTMENT OF LANDS AND FORESTS 281 



of said Clause 1 hereof, the said $25,000.00 shall be applied by the Crown and 

 go in reduction of the first moneys payable by the Grantee for dues and bonuses 

 hereunder, until in that way the Grantee has been given credit for the full sum 

 of $25,000.00. 



20. Subject to the power of the Minister to waive the right of revocation, 

 caused by any failure on the part of the Grantee, herein provided for, in the 

 event of failure on the part of the Grantee to erect, construct, or operate the 

 said pulp or paper mills as herein agreed, or in default of the said Grantee keep- 

 ing said pulp or paper mills in operation after the erection thereof as herein 

 agreed, or keeping the required number of persons employed as herein agreed, 

 or upon default of compliance with any other of the terms, requirements, pro- 

 visions 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 Grantee under this agreement shall be and become ipso facto null and void, 

 and all moneys paid as a deposit or bonus herein, shall be forfeited to the Crown, 

 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 

 Grantee at 54 University Avenue, Toronto, Ontario, before any such revoca- 

 tion, in order that the Grantee may have an opportunity of being heard should 

 it so desire. 



21. Upon all bonus and dues of all kinds on the pulpwood and timber 

 cut under this agreement prior to the first day of May in any year during the 

 currency of this agreement remaining unpaid on the thirtieth day of September 

 next ensuing thereafter the Grantee, without prejudice to the power of the 

 Crown to enforce the payment of such bonus and dues at any time the Minister 

 may think proper, shall pay to the Crown, interest at the rate of six per cent, 

 per annum from said thirtieth day of September; and upon all of such bonus 

 and dues remaining unpaid on the thirty-first day of October then next ensuing, 

 the Grantee shall pay interest at the rate of one per cent. (1%) per month from 

 said thirty-first day of October until the same is fully paid. 



22. The word "Minister" shall mean Minister of Lands and Forests for 

 the Province of Ontario. 



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

 the Grantee, its successors and assigns; provided, however, that this agreement 

 and the term created shall not be assigned or transferred without the written 

 consent of the Minister, endorsed on said assignment or transfer. 



24. The said parties, for themselves, their heirs and assigns, respectively, 

 do hereby covenant and agree to the full performance on their part, respect- 

 ively, of everything herein stipulated to be done. 



IN WITNESS WHEREOF said Minister of Lands and Forests for the 

 Province of Ontario, and the Grantee, have hereunto set their hands and seals. 



SIGNED, SEALED AND DELIVERED 



in the presence of Beniah Bowman. 



Witness as to execution by the Honourable, Provincial Paper Mills, 



the Minister of Lands and Forests. Limited, by J. H. Wel- 



W. C. Cain, don. President. 



Witness as to execution by Provincial By S. F. Duncan, Sec- 



Paper Mills, Limited. retary. 



Margaret Craine. 



