282 REPORT OF THE No. 3 



Appendix No. 52. 



The Nagagami River Pulp and Timber Limit Agreement. 



THIS AGREEMENT made in triplicate this fifteenth day of September, 

 One Thousand Nine Hundred and Twenty-one. 



BETWEEN: 



His Majesty, the King, represented by the Honourable, 

 the Minister of Lands and Forests for the Province of 

 Ontario, hereinafter called The Crown. 



OF THE FIRST PART, 

 —and — 



The Transcontinental Development Company, Limited, 

 hereinafter called The Grantee, 



OF THE SECOND PART. 



WHEREAS, by advertisement duly published, the Honourable, the Min- 

 ister of Lands and Forests for Ontario, called for tenders to be received by 

 him up to and including the fifteenth day of June, 1921, for the right to cut 

 pulpwood and pine timber on a certain area situated on the Nagagami River 

 and other territory adjacent thereto in the District of Algoma, hereinafter 

 more particularly described, 



AND WHEREAS on the fifteenth day of June, 1921, the said Minister 

 received from the Grantee the tender for the right to cut pulpwood and pine 

 timber on said area, which said tender has been approved and accepted, 



AND WHEREAS the right to cut pulpwood and pine timber on said area 

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

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



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

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

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

 the said supply of pulpwood and pine timber for the purpose of the mill or 

 mills to be established, maintained, conducted and carried on at a point or 

 points at or near the said area at some place or places approved of by the Min- 

 ister, 



NOW THEREFORE, THIS INDENTURE WITNESSETH that in con- 

 sideration of the premises it is agreed by and between the Grantee and the 

 Crown as follows: 



1. On or before the third day of October, 1921, the Grantee shall have 

 commenced construction work on a pulp mill within the limits of the territory 

 hereinafter described, or at some place in the Province of Ontario approved 

 by the Minister and will throughly equip the same so that the expenditure in 

 connection with the erection, equipment and machinery of the said pulp mill 

 will be at least One Million Dollars ($1,000,000), and shall expend in connec- 

 tion with the erection, equipment and machinery of the said pulp mill as follows: 

 On or before the fifteenth day of June, 1922, the sum of Two Hundred Thousand 

 Dollars ($200,000); between the fifteenth day of June, 1922, and the fifteenth 

 day of June, 1923, the latter day inclusive, the sum of Three Hundred and Fifty 



