342 TIMBER BONDS 



gage have been examined and approved by Messrs. Pent- 

 land, Stuart & Brodie, of Quebec, who certify that all the 

 said properties are free and clear of all liens, charges, 

 encumbrances, or indebtedness. 



The titles, form of the deeds of conveyance, mortgage 

 trust deed and bonds have been approved by A. J. Brown, 

 K. C, of Messrs. Brown, Montgomery and McMichael of 

 Montreal, P. Q. 



ASSETS. 



Messrs. James D. Lacey and Company, of Chicago, the 

 well known timber valuers, under date of 19th July, 1910, 

 place the following valuation on the properties: 

 About 3,793,000 acres of leasehold, and 128,000 

 acres or arpents of freehold timber and pulp- 

 wood lands found to contain about 3,149,500,- 

 000 feet (board measure) of timber, and over 

 20,665,000 cords of pulpwood $8,085,875 



Nine saw mills at Batiscan, Montmagny, Cap St. 

 Ignace, Trois Saumons, Rimouski, Matane, Sal- 

 mon Lake, St. Marguerite, and Grand Bay .... 



Three shingle mills at Rimouski, Matane, and 

 Salmon Lake 



The Price-Porritt Pulp Mills at Rimouski 



Sundry real estate, wharves, water powers, and 

 other properties at Chicoutimi, L'Anse, St. 

 Jean, Metis, St. Catherines Bay, Petit Sague- 

 nay, etc 842,500 



Jonquiere Pulp Company: About 215,000 acres 

 leasehold timber limits; saw mill, chemical 

 pulp mill, ground wood pulp mill and card- 

 board and paper mill; three water powers, two 

 of which are developed to produce 3,700 h. p. 

 fthe third of 14,000 h. p. mentioned above, 

 will be developed in connection with the new 

 pulp and paper mills) ; electric power plant 

 supplying light and power to the town of Jon- 

 quiere and the Jonquiere Mills; houses, build- 

 ings, piers, booms, and all other accessories 

 necessary to a pulp, paper and lumber business. 1,000,000 



$9,928,375 

 To the above will be added the net liquid assets 

 of the company in excess of current liabilities, 

 (less the amount required to redeem the out- 

 standing bonds,) which will be used for the 

 purchase of all the bonds of the Jonquiere 

 Pulp Company, amounting to $190,000, for the 



