286 REPORT OF THE No. 3 



18. Nothing herein contained or to be done hereunder or by virtue hereof 

 shall entitle the Grantee to a monopoly of any rivers, streams or lakes or tribu- 

 taries thereof in the said territory, but the same shall be and continue open for 

 the use of the public in accordance with the law in that behalf and in the event 

 of the works of the Grantee in any way interfering with the driving of logs or 

 timber down the said rivers, streams or lakes or tributaries thereof, the Minister 

 shall have full power to determine from time to time the provisions necessary 

 to overcome such an interference, and thereupon the said Grantee as and when 

 directed shall make provision accordingly. 



19. It is distinctly understood and agreed that nothing herein contained 

 shall without the consent in writing of the Minister be deemed to confer any 

 right to cut or remove any timber from any area while under license or permit 

 from the Crown. 



20. The deposit of $50,000 made by the Grantee with the said tender 

 shall be held by the Crown as security for the due performance by the Grantee 

 of the provisions contained in clause numbered 1 hereof. After the said pulp 

 mill is erected and in operation, the said deposit of $50,000 may be applied on 

 account of the payment of bonus as it from time to time accrues, and, subject 

 to said application to the payment of bonus, said deposit shall remain as a 

 guarantee for the due performance by the Grantee of all the obligations of 

 the Grantee under this agreement. Said deposit shall be forfeited to the Crown 

 in the event of the failure of the Grantee to fulfil all or any of the obligations 

 or conditions of this agreement. The said deposit, or so much, if any, thereof 

 as shall not have been applied to the payment of bonus, shall be returned to the 

 Grantee upon due performance to the satisfaction of the Minister, of the obliga- 

 tions and conditions herein contained. 



21. In the event of failure oh the part of the Grantee to erect, construct 

 or operate the said pulp and paper mills as hereinbefore agreed, or in default of 

 the said Grantee keeping said pulp and paper mills 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 condi- 

 tions 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 securities 

 or moneys paid as deposit or bonus herein shall be forfeited to the Crown as 

 liquidated damages, providing that thirty (30) days' notice in writing of intention 

 to revoke the said right, license or permit shall be given, which said notice may 

 be given by registered letter addressed to the Grantee at its head office in Ontario, 

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

 of being heard, should it so desire. 



22. The Minister shall have the power to extend, within the said period 

 of twenty-one years, the time for the doing by the Grantee of any act required 

 by this agreement to be done by the Grantee, and also shall have the power to 

 waive the right of revocation caused by any failure on the part of the Grantee 

 herein provided for. 



23. The Grantee may negotiate with the Crown for the purpose of enabling 

 the Grantee to secure an undeveloped water power to develop for the operation 

 of the mill or mills hereinbefore mentioned. 



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

 the Province of Ontario. 



