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Photographic

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WEBSTER, NY. 14580

(716) 872-4503

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'«>■■: ,4

PETERBOROUGH

LEAD MINING COMPANY.

To be Incorporated under 27 and 28 Victoria, Chap. 23, Statutes of Canoda.

CAPITAL,

• •

£20,000 STERLING.

It is proposed to organize, tinder the Act 27th and 28th, Victoria,
Chap. 23, Statutes of Canada, a Company, to be known as the
Peterborongh Lead Mining Company, having a capital of $100,000
(£20,000, 6tg.), in shares of $100 each (£20, stg.)

One half tlie Stock is to be subscribed at once, and paid to the
Treasurer of the Company, or to Trustees to be appointed ; and the
balance to remain at tiie disposal of the Directors.

It is proposed, on the subscription of the requisite amount of
Stock, to purcliase tlie property of the present Gal way Mining
Company for tlie sum of fifty thousand dollars (£10,000): one hsilf
to be paid in cadi, and the balance in paid-up Stock of the Company ;
and to continue the present works of the said Galway Mining Com-
pany on an enlarged scale ; also to erect smelting works, and other
machinery for the purpose of mining, smelting, and otherwise
preparing for market, the ores of all kinds of metals and minerals,
together with the acquisition, employment, and disposal of all lands,
mines, and ores, or granting to others the right to mine, smelt, or
prepare for market, the ores of all metals and minerals that may bo
found of advantage to the interests of the Company.

The property is situated in the Township of Galway, in the County
of Peterborough, and Province of Ontario, and is composed of the
West half of Lot Twenty, Concession A, containing fifty acres, —
twenty of which are cleared, and thirty uncleared. It is eitaatod
immediately adjoining the Bobcaygeon Road.

MMMMIl

A shaft, of 10 feet by 6 feet, lias been sunk abont 110 feet deep,
with a tunnel of the same dimensions rtiniiing along tlic vein 30
feet. Twenty tons of the ore already taken from the shaft liavc been
sold on the gronnd for $40 per ton.

The buildings consist of dwelling-house, stables, shaft and tool
houses, and blacksmith's shop.

It is considered that the provision made by the above subscription
of Stock, of $25,000 (£5000, stg.), for working capital, after tlie cash
payment for the land, is sufficient for all purposes; hut, it av'iU be
seen, that provision is made for a further sum of $25,000 (£5000, stg.)
by the reserved Stock, should any contingency arise rendering
further working capital necessary.

Attention is directed to the reports of Professor Robb, of Mon-
treal, and Professor Chapman, of Toronto, which are published
herewith. Professor Chapman's second report, it will be seen, more
than justifies the predictions of his first, and sliows the location to
be a very valuable one for mining purposes. The present works of
tiio Company being in good condition, and much, if not all of the
" dead work " done, there is nothing to prevent, with proper
machinery and smelting furnaces, the raising of a large quantity
of ore, and the preparation of the same for market immediately.

For the information of subscribers, the Act, under which it is
proposed to organize, is published in full herewith. It will be found
to be a simple and inexpensive method of procuring all the advan-
tages of a Charter, with limited liability, leaving it open with the
Shareholders to pass any By-laws they may deem fit for the guidance
of the Directors and Officers of the Company.

•/

IIEPOET OF CHAS. ROBB, Esq., Mining Engineer.

GENTLEiMEN, *

In accordance with your desire 1 have visited and made a cursory
examination of your Lead mining pro^ierty, situated in the Township
of Galway, County of Peteborough, Ontai'io, and have noted its capa-
bilities for mining purposes, and the development hitherto made thereon.
I beg now to present to you the following brief leport, embodying the
I'esults of my observations together with a plan showing the position of
the property and of the mineral veins thereon, so far as shown to me. I
must premise, however, that as at the time of my visit (about a month
ago) little work had been done in testing the veins by sinking upon
them, the information I have to convey, and the conclusions I may have
been led to form, are of a less positive and definite character than I
could have desired.

The part of your property consisting of Lot 20, Concession A, as
designated by the Eed tint on the accompanying plan, abutting upon,
and adjacent to the Bobcaygon Road, held by you in foe simple.

This projterty is situated about 12 miles from Bobcaygon, which is a
port on the great chain of navigable Lakes, communicating on the one
hand with the town of Lindsay, about 22 miles distant, and on the other
with a point about 6 miles from Peteborough, both of which places
connect by short Railways with the waters of Lake Ontario, and with
the Grand Trunk Railway.

The Geological position i*elative, and conditions of this propert}- are
highly favoui'able for the occurrence of metalic veins. It is underlaid
by rocks of the "Laurentian formation," consisting of various forms of
Gueissed rocks, interstratified with bands of crystalline Lime-stone.
These rocks in several parts of Canada have proved to be productive of
important Lead veins, and in the present instance since it has been
proved that such veins exist on the property, their importance is greatly
enhanced by the circumstance that they occur in the immediate vicinity
of the junction between the Laurentian and ovei'lying lower Silurian
formation.

The greater part of the property is covered with a dense growth of
timber, consisting chiefly of pine, spruce, and elm, the cleai'ed portion
occupying a comparatively narrow strip skirting the cast side of the
Bobcaygeon Road. The mineral discoveries which have been made
hitherto, and the little explanatory work which has been done, has
naturally been for the most part confined to the cleared land on which
some highly promising veins of Galena and Sulphate of Barytcs have
been exposed. The strike, or general direction of the rock forn>ation
throughout the country, coinciding also with that of the ridges and
valleys, is jorth-east and south-west, while the general direction of the
mineral veins is north-west and south-east, the dip of the veins is also

in tho opposite direction to that of the x'oclcs. These facts prove con-
clusively that they are true or fissure veins cutting the rocks, transversly
and obviously resulting from deep-seated and powerful dislocations and'
disturbances. Hence there can be no doubt that they will prove
persistent in depth and indefinite extent. Those veins appear to be quite
numerous and important upon your property. On this Lot, quite near
the road, two parallel veins of Galena and Barj'ta have been found
cutting niicaceous and hornblende schist. These directions, north-west
and south-oast, which seem to be the normal direction of the group of
nietalliferous veins in this district. These veins, at surface, appear to
be about ten inches in thickness, cutting the rocks perpendicularly, and
are about 100 feet apart ; one of them, the most easterly, has been
traced for a very considerable distance, but had not been tested in depth
any extent at the time of my visit. An adit, or tunnel, had been com-
menced upon its course, from the low ground at the north side of the
Lot, and many very good stones of ore obtained. This work will prove
the vein to the depth of 40 or 50 feet, and from present appearances
the prospect is highly encouraging. The rock is soft, and will be mined
at a very trifling expense. Numerous indications of other Lead veins
occur on other parts of your property, but no data are as yet afforded
for ascertaining thv^ir value. Baryta is an article of considerable
commercial value, and especially in conjunction with the Lead, with
which it is us;ually associated, may probably be found to be economically
available, and thus to enhance the value of your property.

In view of tho recent remarkable discoveries of the precious metals
in the Laurentlan rocks in the Township of Madoc, it is not unreason-
able to expect similar results on your property, which appears to be in
the same Geological position, and imder similar mineral conditions — the
pi'oved existence of metalliferous veins on the spot, and the reported
actual discovery of Gold in the neighbourhood, render this anticipation
more probable, and the search in this direction more justifiable. I
regret, from circumstances already mentioned, that I am precluded
from making a i*eport of a more positive and definite character than the
present, which may be regarded as only preliminary. I may remark,
in conclusion, that from the strength and persistency of the veins, tho
congenial character of the rocks, the extraordinary show of ore at the
surftxce, and the i*easonablo prospect that the veins will be found thicker
and richer as they are ti'aced in depth, I consider this jiroperty to be of
great prospective value, and well worthy of further development.

I have the honor to be.

Gentlemen, your most obed't Seiwaui,

Charles Eobb, Mining Engineer.

P. S. — I omitted to mention in the proper place, that abundance of
water, for washing ores, &c., is to be found near the pi'operty. — C. E.
Peterboko' Jan. 6, 1868.

EEPOET OF PROFESSOR CI/APMAN, ON THE GALWAY

MINING COMPANY.

Having beon instructed by the Directors of the Galway Mining
Company of Peterborough to examine the mineral property of the
Company, and to furnish them with an impartial Report upon the same,
I visited the ground on the 23rd inst. in company with two of the
Directors, Messrs. Rogers and Stephenson, whose knowledge of the
locality was of much service. I avail myself of this opportunity to
offer my thanks to these gentlemen for their kind assistance, and beg,
at the same time, to record my conviction that the greatest reliance
may be placed in Mr. Stephenson's judgment and suggestions, as regards
the development of the property generally.

The Galway Mining Location comprises the west half of lot 20 in
concession A of the township of Galway, county of Peterborough. It
contains about 50 acres, and is held by the Company in fee simple.
The Bobcaygeon Road forms the boundary of one side of the property.
By this road, to the village of Bobcaygeon, on Sturgeon Lake, the
distance is between 11 and 12 miles. From Bobcaygeon, freight can be
shipped to Lindsay (22 miles), and from thence carried by rail to Port
Hope on Lake Ontario, a station of the Grand Trunk Railway. Another
outlet is by way of Mud Lake to a point 15 miles from Bobcaygeon, to
which a lino of railway will shortly be carried from Peterborough.
The products of the Galway mine can thus be taken to the front almost
entirely by water and rail : the only teaming required, being over the
portion of road (11 miles) between the mine and Bobcaygeon village.
This road is in good order, and of easy grade. As regards accessibility,
therefore, the property is very favorably situated — more so, indeed,
although lying in a comparatively remote township, than many mineral
locations situated somewhat nearer to the front.

The country rock of the location consists essentially of mica slate
interstratified with hornblendic gneiss and crystalline limestone, the
wiiole belonging to the Laurentian or Gneissoid Series. The strike of
these strata is N. 20° to 25° E., corresponding with the general direction
of the ridges and narrow valleys of the district, the valleys lying chiefly
along the course of the limestone bands. Several well-defined mineral
veins occur upon the Company's property. Two of these, running
parallel with one-another at about 100 feet apart, have been traced
entirely across the location. They cut the strata almost at right angles,
their course being N. 60° to 65° W., with a very slight underlie (in
places imperceptible) towards the N. E. Another vein, of similar mineral
character, appears to run N. 60° E., but at present it is entirely unde*
veloped. This is known as the "Cross vein." Well-marked indications

of others are also observable on the property. These veins are very
narrow at the surface, but they widen considerably at a depth of a few
fathoms, and continue apparently to increase in width at greater
depths. They carry galena, the common ore oflcjid, in a gangue of
sulphate of baryta (the caw-'A of the north-country miners) and crystal-
lized carbonate of lime (calcito).

On the more northern of the two parallel veins running N. 60° to 65°
W., a shaft (10 feet x 6 feet) has been sunk to a depth of about 60 feet,
and is still being carried down. An adit has also been driven, from
lower ground lying towards the nor-west. for some distance along the
course of the vein ; but being too near the surface to be of much utility,
it has been discontinued. At a depth of 58 feet from the surface this
vein shews a width of 3 feet 6 inches, and consists of sulphate of baryta
mixed with highly crystalline calc spar and u considerable amount of
galena. It may not be amiss to state, that the latter ore contains, when
pure, 86.6 per cent, of metallic lead, and 13.4 per cent, of sulphur — a
portion of the lead being very generally replaced, however, by a small
amount of silver. Here and there, a few speckw of black and yellow
blende, with traces of copper pyrites, occur in the calc spar of this vein,
and thin lines of iron pyrites are seen in places. The calc spar is, in
part, perfectly transparent and colorless. Large cleavable masses,
available for optical purposes, and hence of some value, have been taken
out of pockets in carrying down the shaft. From these jDockets also,
some heavy masses of galena, partly in fine crystals, have been obtained.
The sulphate of baryta, if largely worked, might likewise be made a
source of profit, but chemical treatment would be required to effect its
purification from intermixed matters.

To arrive at an exact estimate of the amount of lead carried bj' the
vein in question (which for the sake of clearness, I will call the Galway
lode, designating the j)arallel vein in its vicinity as the Peterborough
lode) several tons of ore would have to be carefully sampled and
examined; but, at a depth of from 50 to 60 feet from the surface, the
vein, at the lowest estimate, certainly holds a fourth part (by weight)
of galena. In this connexion it must be remembered that galena is
twice as heavy, bulk for bulk, as the mixture of cawk and spar of which
the veinstone consists. If it be assumed (in order to keep within safe
limits) that the lode would become no wider in descending, and would
carry only the above amount of galena, each square fathom would
contain 126 cubic feet of veinstuff (of average specific gravity equal to
5.0) and would weigh, in round nu nbers, about 20 Canadian tons. On
this assumption, 20 tons of veinsiufF would yield 5 tons of galena, or,
due allowance being made for loss in the mechanical and furnace treat-
ment of the ore, about 3f tons of metallic lead. The actual yield would
probably be nearer 4 tons, especially after the mill and furnaces had

been brought into full working order ; but, I wish, in this estimate,
rather to underrate, than overrate, the assumed profits of the mine.

Taking those data, the debit and credit account (exclusive of a small
deduction for interest on capita!, management, commission, and wear
and tear of machinery) may be stated as follows : —

CREDIT ACCOUNT.

$ c.
3| tonq pig lead, at 4}ccnt8
per lu 337

DEBIT ACCOUNT.

Mining 20 tons ore at $2 50 50

Huuling to Mill, nt 60 cents 10

Crushing and dressing, at 50 cents, 10
Smelting dressed ore, say 6} to 6

tons, at $2 12

Freight on 3 J tons lead to front. . 20

$102

Leaving, in round numbers, u pro*
fit of $60 p<!r ton of reduced lead ; but,
as a higher per ccntage of galena
will probably be found in the lode,
a larger profit may be fairly antici*
pated.

The estimated cost of mining or winning the ore ($2 50 per ton) may
appeal', at first sight, too low ; but $2, I believe, would be nearer the
true cost. Tiiis may be verified, to some extent, by actual cost of the
work done in sinking the shaft. The cost, per foot of depth, has been,
I understand about $17. The mean sp. gr. of the rock-matter and ore
removed from the shaft may be taken at about 4.0. It would bo some-
what less than this for the first few fathoms; but more at lower depths.
As the shaft measures about 10 feet by 6 feet, each vertical foot of stuff
removed would equal 60 cubic, foet, the weight of which would be about
7} tons. This amount, at $17, equals $2 26 per ton. It must be
remembered, in this connexion, that the greater portion of the matter,
removed from the shaft, consisted of very hard rock, whereas the extrac-
tion of the vein matter will be much more easily effected, and will be
carried on also by drifting and stoping, in place of sinking. The above
estimate will thus allow for the cost of underground timbering, where
this may be required in the drifts.

A consiJerable amount of pay-ore has been taken out of the jiresent
shaft. A large portion has been carried ofi' piecemeal by persons
visiting the mine. Specimens of 8 or 10 lbs.' weight, may be seen all
over the vicinity, and probably a ton weight, if not more, has found its
way in this manner to Peterborough alone. The ore that has escaped
tbese depredations, is partly stored in a lock-up shed near the mouth of
the shaft, and partly piled in heaps upon the ground. It has been
roughly hand-dressed, and in part washed on a temporary buddle fed by
water from the shaft. Much of it, consequently, contains over 70 per
cent, of galena; and if thb whole wore smelted on the spot, it ought to
produce at least nine hundred or a thousand dollars worth of metal.

I have made several assays of this galena, taken from different parts
of the shaft, in order to determine the amount of silver present in the
lead. The average amount is equal to a little over 2 oz. Troy in the

ton, or to about 1 oz. 17 dwts. per ton of galena. This amount is in-
suflicient to defray the cost of its extraction, but the ore may prove
richer at lower depths, or in other parts of the vein. I have also found
a small amount of gold (3 to 4 dwts. per ton) in some samples of iron
and arsenical pyrites taken from a narrow cross vein, which is cut at
the shaft, and thrown 9 or 10 feet by the Galway lode. It would bo
advisable to have this pyrites vein occasionally tested, where cut by the
drifts at difl'erent levels, as the amount of gold may be found to increase.
The throw to which this cross vein has been subjected, shows the more
recent origin of the baryta or galena veins ; and surface indications
observable in some of the (surrounding lots, lead to the inference that
these latver veins are not likely to be disturbed by slips or other inter-
ruptions. This, at least, may be safely predicted as far as regards the
Galway and Peterborough lodes.

Drifting and stoping might be commenced at the present depth of the
shaft on the Galway lode, but this can scarcely bo recommended. If the
unconti'oUed managemeut of the works were under my charge. I would
continue the sinking to another level of ten fathoms, and commence at
the same time a second shaft about two hundred feet to the south-east
of the present one. Owing to the fall of the ground, the new shaft at
about 10 fathoms would reach the 20-fathom level of the other. The
ore taken from these shafts ought to be at least sufficient to defray, the
cost of sinking. This second shaft would also fairly test the strength
and richness of the lode : points known to us, at present, only by the
10-feet exposure in the shaft now being carried down. Until these works
were completed, I would not think of erecting a dressing mill or putting
up furnaces. A certain accumulation of ore, to feed these, should be on
hand before starting, and also a certain amount of atoping ground under
excavation, otherwise it Avill not be possible to keep the furnaces in
constant blast.

The mill and furnaces ought to be near each other. A suitable spot
for their erection might be found on the Company's ground ; but a parti-
cularly desirable site, for works of this kind, occurs on a lot adjacent to
the Bobcaygeon Road, within a short distance of the Company's
property. The necessary ground, I understand, might be rented or
easily secured. It is contiguous to a small creek issuing from Silver
Lake. A dam could be placed on this creek at a little expense, ana a
good supply of water thus obtained. Timber for fuel and mining
purposes occurs abundantly on the Company's location.

Notwithstanding the loss of metal entailed by its use, the Improved
American, or Eossie Hearth, giving a blast heated by the combustion of
the ore and fuel, will be found the most suitable furnace for the reduc-
tion of this ore. Pine or other wood is employed as fuel and very little
is required, the heat being derived, in great part, from the combustion

of tho sulphur in tho ore. An ordinary fVirnaco of this kind will give
about throe and a-half to three and three quarters tons of reduced metal
in three eight-hour shifts, the ore being previously dressed to an average
richness of 70 or 75 per ceut. At tho present time, in consequence of
the stoppage of sovernl mining works at no very distant localities, mill
machinery, steam engines, and furnace materials may, probably, be
obtained at a comparatively low cost. "With judicious managemant, a
sum of 05,000 or 86,000 would be sufficient to start the mine fairly, but
a larger working capital will bo eventually required in order to achieve
a permanent success. Disappointment is very commonly caused,
especially in new countries, by an attempt to work mining property
on too small a scale. Tho ore may yield a fair profit, but tho production
is insufficient to render the aggregate profit of much account. Hence,
if a lode begin to run poor for a time, or heavier machinery be required,
or other difficulties arise to cause a temporary stoppage, the works are
too frequently abandoned altogether. I urge these points more par-
ticularly, feeling confident that, under patient and liberal management,
no foar of failure need be apprehended as regards tho Galway Mine.

E. J. CHAPMAN, Ph. D. &c.

Profeuor of ilintrdtogy and Otology in Univtrtity College, Toronto,
and CmntUing Mining Engineer,
TososTO, September 30, 1868.

SECOND EFPOKT OF PROF. CHAPMAN.

To the Directors of the Oalxcay Mining Company
of Peterborough,

Gentlemen,

In accordanco with your instructions to Airnish you with a Sup-
plementary Report on your lead mine in the Township of Galway, I
visited the spot on tho 22d ult., and in company with your Managing
Director, Mr. H. C. Rogcrd, I made a thorough examination of the
works, both above and below ground.

The position and geological character of the location, and tho general
conditions of the Galway Vein, as regards structure, widih of lode, &c.,
having l)een already given in detail in .ny earlier report, 1 need not re-
vert in my present communication to these piirticulars. In the Report
alluded to, I expressed my confidence In the vein : - i source of perma-
nent profit, if fairly and thoroughly worked : and luy recent inspection
of the property has strengthened this opinion in every point of view.
Of course, I regard the workings hitherto /rried on at .lie mine, in
the light of a system of development merely ; and T ao not consider,
thereibro, that tho mine has hrd a fair opportun'ty. as yet, of shewing
its actual capability, This it can only do uudei a thorough and vigo
rous system of working, entailing a certain outlay at the commence-
ment, but promising most conclusively, in my opinion, toijjny the
investment within a comparative brief period. But I must repeat my
conviction, that if success is to bo achieved, a strong foi-co of men must
be put upon the work, and the mine must be amply provided with pro-
per machinery both in the underground workings and ai the surface.
Tho requirements more immediately necessary in this respect, are
stated at the close of my report.

The present condition of the mine is as follows : The shaft (10 ft. +
6 ft. ) has been carried down and timbered to a depth of between 18
and 19 fathoms, or 110 feet. In consequence of the almost vertical po-
sition of the vein, the shaft keeps upon the lode throughout this entire
depth, and it promises to do so indefinitely, one may say. This is a
very favorable condition, as even in the poorest parts of the sinking,
ore is being thus continually got out, and the amount of dead work is
necessarily much reduced. The lode retains throughout its average
width of 3 or 3J feet, bat here and there it is a good deal split up by
imbedded angular masses of wall-work. Near the present sump, or
bottom of the shaft, one of these intercalated masses forms a " horse "
of considerable size, but a few additional shots would easily effect its
removal. The vein, however, at this part of its course is rendered

I
(

harder, poorer, and less oaiily worked by this peculiarity ; whilst at the
distance of a fathom or two, or oven a few foot, north and south of the
shaft, it becomes much freer, and carries in places, as stated below, a
large amount of ore. The shaft consequently appears to have been ac-
cidentally located in a comparativel}' hard and poor part of the vein,
but this cannot, of course, be remedied now. At the same time it must
be remembered that in many mines the shafts have to be sunk entirely
or nearly so, in altogether unproductive groimd.

At the period of my former visit, the drift, then carried out, consisted
of a small adit 18 feet below the mouth of the shaft. At present, adi'ift
of about five fathoms or thirty feet in length, at 30 feet from the sur-
face, has been excavated on the north (or rather north-western) end of
the shaft, and a portion of the lode has been taken out by over-hand
stoping at this place. The vein at the end of the drift, and indeed along
its whole length at a distance of a few feet from the shaft, is exceedingly
rich. A long pipe-like rug or pocket holding large and mostly loose
masses of crystalized and almost pure galena, hero cuts the drift at an
oblique angle.
These pockets
will undoubt-
edly be met
with at inter-
vals throuii'li-
out the run of
the lode, and
will make up
largely for
any poor
streaks that
m a y occur
here & there
in the work-
ings. It may
b observed

incidentally, that where loose deiDosits of rich ore have been found on
the exposed surface of this and other lodes in the vicinity, pockets of a
similar kind have evidently come to day. No other stoping has been
attempted, but short trial drifts have been seen at GO and at 85 feet from
the surface : the latter on the S. E. end of the shaft. The walls and
roof of these drifts are exceedingly solid, and require no timbering, but
this advantage is somewhat counterbalanced b}'^ the extra expense of
mining hard rock matter of this kind.

The vein, as already stated, keeps its average width and is thoroughly
well defined, with good walls, within these drifts and throughout the

entire depth of the shaft. As to its permanency, therefore, at lower
levels, there cannot' bo the shadow of a doubt. Its actual richness,
however, is still to some extent an open question, as the extent of lode
laid bare is scarcely sufficient to determine this point; but, taking one
part with another, I think in a vein of this character an average yield
of 20 per cent, galena ought, at least, to be relied upon. In many
places, the percentage of galena will of course be less than this, and
hero and there for a yard or two, or even several fathoms, there may
be merely specks of ore apparent in the gangue ; but in other places,
and in the viciiiit}" of the pockets especially, the ainount will certainly
exceed 20 per cent. It is not, of course, possible to assert that the lode
will actually carry this amount of galena ; but, on the other hand, it is
by no means improbable that a higher amount may be obtained when
the vein becomes thoroughly opened out. A 20 per cent, ore, according
to my calculations, should yiekl a profit of about 660 on ever}' ton of
load produced at the works. But if we assume that only 10 per cent
galena would be carried by the lode, an estimate certainly within the
truth, a very handsome profit would still be realized. This percentage
is equivalent to ITS lbs. metallic lead per ton (2,000 lbs.) of raised ore ;
but as a loss of 10 per cent, must be allowed for in the mechanical and
furnace treatment of the ore, the actual yield may be regarded as about
equal to 155 lbs. of metal per ton of ore. About 13 tons of ore would
consequently have to be raised, at this low estimate, in order to produce
a ton of metallic lead. The cost of producing the latter may be estimated
as follows : —

Mining 13 tons of ore, tay at $2.50 $32.50

(Add $1.00 per ton, to allow fully for dead-work,

wear and tear, &c.) 13.00

Crushing and dressing, say at $1.00 13.00 •

Smelting dressed ore, say 4.00

Freight of ton of lead to '"the front" b'.OO

$68.50

The value of ordinary load in Canada is, at present, about 5 cts. per lb.
The ton of 2,000 lbs. will be worth, consequently, $100, thus leaving, on
the above calcuhvtion, a profit of $31.50. If the mine were fairly opened
and brought into M'orliing order by another shaft and proper s3-stem of
levels and winzes, a considerable amount of ore could be raised daily.
Supposing, for the sake of argument, and in order to arrive at some
definite result, that only a square or mining fathom were excavated, it
would produce, at tlic present width of the lode (.say 3 feet), and on the
assumption of only 10 per cent, of galena being present in it, an amount
of ore equal to about 15 tons, from which rather more than a ton of
metallic lead would be obtained. A dmitting, therefore, that no more
than thi? comparatively small amount were produced per day, tbo

annual profit (taking the working year at 300 days) would exceed
$20,000. If, consequently, a sum of say $50,000 were expended on the
mine, a handsome interest could bo paid on the capital invested, and a
good balance set aside as a reserve or sinking fund to pay off the purchase
money, and meet any exigencies that might arise. It is not, however,
to be inferred from this statement, that the mine will not be capable of
doing a larger amount of work. With a sufficient force of men, and.
the mine properly parcelled out by drifts and winzes, probably three or
four times the above amount of ore might be obtained. The preceding
illustration shows, nevertheless, that putting the produce at the lowest
probable estimate, the mine could be made to yield a very satisfactory
return on the capital required to work it.

The following is an approximate estimate of tho amount of ore on the
mining ground at the time of my visit. The heaps of ore were some-
what irregular in form, but I measured them, with Mr. Eogers's assist-
ance, a-5 accurately as could be done, taking care to keep rather below
than above the actual quantities : —

1. 70J tons, holding about 20 per cent galena, on dumping ground at

mouth of shaft.

2. 45f tons, holding about 20 per cent, galena, in heap south of ore

shed.

3. 5| tons of washed ore, holding about 25 per cent, galena.

4. 6f tons of small ore, holding about 25 per cent, galena.

5. 9^ tons of small coarse ore in box, holding 25 to 30 per ct. galena.

6. 8 tons of fine ore in box, holding about 60 per cent, galena.

7. 1 J tons in shed, holding about 55 per cent, galena.

8. 5 J tons "pocket ore," in shed, holding about 90 per cent, galena.
A single week's work of half-a-dozen men in tho 30 feet drift, would add
very largely to the amount of " pocket ore " now in the shed. Loose
masses of many pounds' weight are lying on the floor of the drift ; and
if the pocket were thoroughly opened out, it is evident that a large
quantity of almost pure ore could be easily obtained.

The undressed or partially hand-dressed ore in these heaps amounts
in round numbers to 147 tons. If this were dressed to about 75 per ct.
and the amount of pocket ore added, the whole would be equal to about
52 tons. Pure galena is worth at the fi'ont («'. e., at places on the Grand
Trunk Eaihvay, or by the Lake Share) about $70 per ton of 2,000 lbs.
A 75 per cent, ore (galena) should consequently be worth $52.50 per
ton. But, putting the value at only $50 per ton, and allowing fully for
dressing and freight, the not value of tho ore would be as follows: —

Value of 52 tons of ore, at $50 per ton $2,600

Dressing 147 tons, say $150

Freight on 52 tons, at $6 312

462

Net Value $2,138

In order to carry out the efficient opening of the mine, the following
works are more immediately requisite : —

1. A second shaft.

2. Erection of pumping gear in present shafi.

3. Continuation of the 30 feet level, and commencement of a second

level, on same side of shaft, 6 fathoms beneath this, in order to
get proper space for sloping out the rich ore in this direction.

4. Erection of a crushing mill and dressing floors, the latter furnished

with one or two circular buddies and other modern impi'ovomcnts.

It will then be for the Company to consider whether the dressed ore
can be proiitably disposed of, or whether it will bo necessary, or more
profitable, to reduce the ore to metal on the mining ground. In the
latter case, the erection of good Eossie Hearths or a good Eevcrboratoiy
Furnace, with a Cupalo Furnace for slags and refuse, may bo proceeded
with as soon as a certain amount of ore has been obtained. In my
former Eeport (issued, in printed form, in September, 1868) I recom-
mended the use of the American Hearth, more especially for reasons of
convenience mentioned in the Eeport in question ; but my recent visit
to the mine has led me somewhat to modify this recommendation, from
the fact that much of the ore will necessarily be obtained in a highly
comminated state, and in that condition it can scarcely be reduced
without great loss (unless previously agglutinated) otherwise than by
a Eeverberatory Furnace. The entire absence of silica in the gangue
or veinstone, rendei's the ore especially suitable for a Eeverberatory.
The proper kind of furnaces to be employed may be legitimately left,
however, for future consideration.

Whilst the works on the Gahvay lode were being vigorously pushed
forward, I would recommend the expenditure of a few hundred dollars
in sinking trial pits on the run of the other vein, designated in my
former Eeport as the "Peterboro' lode."

A certain amount of risk, everybody knows, is unavoidable in mining
ventures of any kind ; but in closing this Eeport, I may again express
my honest conviction that the Galway Mining Location can be made to
pay, and pay well, if it be worked with sufficient enterprise and capital.

Finally, as this Eeport is to be submitted, I understand, to English
capitalists, I think it right to add that I have no pecuniary interest,
present or prospective, in the Galway property.
I have the honor to be,

Gentlemen,

Your obedient servant,

EDW. CHAPMAN,

Professor :n University College, Toronto,
and CoDSUltinft Mintne Engineer: late
Prof, in University College, London.

Toronto, October 2nd, 1869.

JOINT STOGK GOMPANIES" ACT.

An Act to authorize the granting of Charters of Incorporation to Manufacture

ing, Mining, and other Companies.

[Assented to BOth June, 1864.]

Whereas it is oxpediont to authorize the Incorporation by Letters
Patent of Companioa for Manufacturing, Alining, and other
purposes, and to provide that certain general clauses of this Act
shall appl}' to all Companies so incorporated: Therefore, Her
Majesty, by and with the advice and consent of the Legislative
Council and Assembly of Canada, enacts as follows:

f. The Governor in Council may, by Lettei-s Patent under the Great
Seal of the Province, grant a Charter of Incorporation to any number
of persons not less than live, who shall petition therefor, and constitute
such persons and others who may become shareholders in such Company,
a body corporate and politic, for any of the following purposes:

1. Carrj'ing on anj^ kind of manufacturing, shipbuilding, mechanical,
or chemical business ;

2. Mining for Gold, Silver, Copper, or other Metals or Ores ; or for
Coal, Plumbago or other Minerals ;

3. Washing, dressing, smelting and otherwise preparing for market
the ores of all kinds of metals ;

4. Erection of dams, s^luices and other hydraulic apparatus for excava-
ting and washing auriferous earth in ,the process of gold mining;

5. Opening and working quarries of Marble, Slate or other economic
minerals, or mineral sub.stances and the manufacture, exportation aud
sale thereof;

6. Boring for, opening and using Petroleum, salt or other mineral
springs ;

7. Erection and maintenance of any building or buildings to bo used
in whole or part, as a Mechanics' Institute, or Public Reading or Lecture
Eoom, or as a Public Hotel, or as Baths or Bath Houses, or for Agricul-
tural or Horticultural Fairs or Exhibitions, or for Educational, Library,
Scientific or Eeligious purposes;

8. Carrying on of any Fishery or Fisheries in this Province or the
waters thereto adjacent, or in the Gulf of St. Lawrence, and the building
and equipjiing of any vessels for such Fisherj* or Fisheries ;

9. Carrying on of any forwarding business, and the construction,
owning, chartering, or leasing of ships, steamboats, wharves, roads or
other propei'ty required for the purpose of such forwarding business ;

10. Acquiringor constructing and maintaining any plank, macadam-
ized or gravelled Eoad, or any Bridge, Pier, Whai'f, Dry Dock, or
Marine Ealhvav ;

And such Charter of incorporation may be granted to any one Com-
pany for any two or more of the purposes mentioned in the paragraphs
numbered two, three, four and five of this section.

II. Tho applicants for a Charter under the authority of this Act,
must give at least one month's previous notice in the Canada Gazette
of their intention to apply for such Charter, stating therein :

1. The names in full and places of residence of the applicants, to the
numbel* of five at least;

2. Tho proposed corporate name of the Company;

3. The cbJ3ct or purpose for which Incorporation is sought ;

4. The place or places where the operations of the Company are to be
carried on;

5. The amount of tho nominal capital of the Company;

6. The number of shares and amount of each share;

7. The amount of the stock subscribed ;

8. Tho amount paid in, or to be paid in before tho Charter is granted.

III. Before Letters Patent are issued, in which tho foregoing
particulars shall be recited, the applicants therefi^r must prove to tho
satisfa'-tion of the Minister, or officer to whom the duty of reporting
thereon may be assigned, — that the proposed corporate name is not
that of an^' other known Company ; that one or more of the applicants
is a resident of this Province and a British subject by birth or natura-
lization; that not less than one half of tho proposed capital stock has
been subscribed in good faith, and that at least ten per cent thereof, or
five per cent of the whole capital, when it does not exceed five hundred
thousand dollars, has been paid in to the credit of Trustees for the
Company and still remains at the credit of the said Trustees in some
one or more of the Chartered Banks of this Province, but if the proposed
capital ot the Company exceeds five hundred thousand dollars, the« it
shall be sufficient to prove that the sum of twenty-five thousand dollars,
has been paid in and remains at the Credit of the Company as aforesaid;
Provided always, that whenever the Company proposed to bo incorpor-
ated, is formed for a purpose for the carrying out of which it is neces-
sary that they should possess i*eal estate, then it shall be sufficient that
the applicants prove to the satisfaction of the Minister or officer to whom
the duty of reporting thereon is assigned, that the sum required under
the foregoing provision, has been invested in such real estate which is
held by Trustees for the Company, or that part of such sum has been
60 invested and the remainder paid into a chartered Bank to the credit
of the said Ti'ustees.

IV. Every Company so incorporated by Letters Patent under tho
Great Seal, for any of the purposes mentioned in this Act, shall be a
body corporate by tho name contained in the Letters Patent, capable
forthwith of exercising all the functions of ar incorporated Comp.''ny
as if incorporated by a Special Act of Parliament, and having perpetual
succession and a common seal, with power to acquire, hold, alienate and
convey any real estate necessary or requisite for tho canning on of its
operations; and the said Lettere Patent shall be conclusive evidence
that all the requisitions of this Act have been complied with ; and any
copy of such Letters Patent purporting to be certified by the Provin-
cial Secretary and Registrar or his Deputy, under his hand, shall be
evidence of the contents of such Letters Patent in all Courts and place;*
in this Province.

"pfT"

t I

V. Every Company incorporated under tho authority of this Act,
shall be subject to the following general provisions of law, which shall
be embodied and set forth in their Letters Patent.

The General Provisions.

1. The affairs of the Company shall bo managed by a Board of not •
less than three, nor more than nine Dii'ectors ;

2. The pei'sons named as such, in the Letters Patent, shall bo the
Directors of tho Company, until replaced by others duly chosen in their
stead ;

3. No person shall be elected or chosen as a dii-ector thereafter,
unless ho is a Shareholder, owning Stock absolutely in his own right,
and not in arrcar in respect of any call thereon :

4. The after Directors of the Company shall be elected by tho Share-
holders, in general meeting of the Company assembled, at such times,
in such wise, and for such term, as tho By-laws of the Company may
prescribe ;

5. In default only of other express provisions in such behalf, by the
By-laws of the Company, —

(a) Such election shall take ])lace yearly, all the members of tho
Board retiring, and (if otherwise qualified) being eligible for re-election ;

(6) Notice of tho time and place for holding general m-^ctings of the
Company shall be given at least ten days previously thr cto, in some
newspaper published at or as near as may be to the office or chief place
of business of the Company ;

(c) At all general meetings of the Company, evcr}^ Shareholder shall
be entitled to as many votes as he owns shares in the Company, and may
vote by proxy :

(d) Elections of Directors shall be by ballot;

(e) Vacancies occurring in the Board of Directors may bo filled for
the unexpired remainder of the terra, by tho Board, from among tho
qualified Shareholders of the Company.

(/) The Directors shall from time to time elect from among them-
selves a President of the Company; and shall also name, and may
remove at pleasure, all other officers thereof;

6. If at any time an election of Directors be not made or do not take
effect at the proper time, the Company shall not be held to bo thereby
dissolved; but such election may take place at any general meeting of
the Company duly called for that purpor^c ;

7. The Directors of the Company shall have full power in all things
to administer the affairs of the Company, and may make or cause to be
made for tho Company any description of contract which the Company
may by law enter into ; and may from time to time make By-laws not
contrary to law, to regulate the allotment of Stock, tho making of calls
thereon, the payment thereof, the issue and registration of certificates
of Stock, the forfeiture of Stock for non-payment, the disposal of for-
feited Stock and of the proceeds thereof, tho transfer of Stock, the
declaration and payment of dividends, the number of the Directors,
their term of service, the amount of their Stock qualification, the
ftppoJjatmoQt, fuDctions, duties and removal of all agents, officers and

the

eorvants of the Company, the security to bo given by them to the Com-
pany, their remuneration and that (if any) of the Directors, the time at
which and the place or places where the Annual Meetings of the
Company shall be held, and where the business of the Company shall
be conducted, and if the Company be a Mining Company, one (or more)
of such places may be without this Province, — the calling of meetings,
regular and special, of the Board of Directors, and of the Company, the
quorum, the i-equirements as to proxies, and the procedure in all things
at such meetings, the imposition and recovery of all penalties and
forfeitures admitting of regulation by By-law, and the conduct in all
other particulars of the affairs of the Company ; and may from time to
time repeal, amend or re-enact the same ; but every such By-law, and
every repeal, amendment or re-enactment thereof, unless in the mean-
time confirmed at a General Meeting of the Company dully called for
that purpose, shall only have force until the next Annual Meeting of
the Company, and in default of confirmation thereat, shall, from that
time only, cease to have force ;

8. A copy of any By-law of the Company, under their seal, and
purporting to be signed by any Officer of the Company, shall be received
as prima facie evidence of such By-law in all Courts of Law or Equity
in this Province ;

9. The stock of the Company shall bo deemed personal estate, anc'
shall bo transferable, in such manner only, and subject to all such
conditions and restrictions as by the Letters Patent, or by the By-laws
of the Company shall be prescribed ;

10. The Directors of the Company may call in and demand from the
Shareholders thereof, respoctivel}', all sums of money by them subscribed,
at such times and places, and in such payments or instalments, as the
By-laws of the Company may requix-e or allow ; and interest shall
accrue and fall due, at the rate of six per centum per annum, upon the
amount of any unpaid call, from the day appointed for payment of
such call :

11. Not less than ten per centum upon the allotted Stock of the
Company shall, by means of one or more calls, be called in and made
payable within one year from the incorporation of the Company ; and
for every year thereafter, at least a further ten per centum shall in
like manner be called in and made payable, until the whole shall
have been so called in ;

12. The Company may enforce payment of all calls and interest
thd'eon, by action in any competent Court; and in such action it shall
not be ticcessary to set forth the special matter, but it shall be sufficient
to declare that the Defendant is a holder of one share or more, stating the
number of shares, and is indebted in the sum of money to which the
calls in arrear amount, in respect of one call or more upon one share or
more, stating the number of calls and the amount on each, whereby an
action hath accrued to the Company under this Act ; and a certificate
under their seal, and purporting to be signed by any Officer of the
Company, to the effect that the Defendant is a Shareholder, and that
80 much is duo by him and unpaid thereon, shall be received in all
Courts of Law and Equity &a prima facie evidence to that effect.

13. If, after such demand or notice as by the By-laws of the Company
mjiy be prescribed, any call mad© upon any share or scares be not paid

within Kiich time as by such By-laws may bo limited in that behalf, Iho
Directors, in their discretion, by vote to that effect, reciting the facts
and duly recorded in their minutes, may summarily forfeit any shares
whereon such payment i8 not made; and the same shall thereupon
become the property of the Company, and may be disposed of as by
By-law or otherwise they shall ordain ;

14. No share shall bo transferable, until all previous calls thereon
have boon fully paid in, or until declared forfeited for non-payment of
calls thereon or sold under execution ;

15. No Shareholder being in arrear in respect of any call shall be
entitled to vote at any meeting of the Company ;

16. The Directors of the Company, if tliey see fit at any time after
the whole Capital Stock of the Company shall have been alloted and
paid in, but not sooner, may make a By-law for increasing the Capital
Stock of the Company to any amount which they may consider requisi o
in order to the due carrying out of the objects of the Company ; Cut no
such By-law shall have any force or effect whatever, until after it shall
have been sanctioned by a vote of not less than two-thirds in amount
of all the Shareholders, at a general meeting of the Company duly
called for the purpose of considering such By-law, nor until a copy
thereof duly authenticated shall have been filed as hei'einafter mentioned
with the Provincial Secretary or such other officer as the Governor in
Council may direct;

17. Any By-law for increasing the Capital Stock of the Company,
shall declare the number and value of the Shares of the new Stock ; and
may iiresrribe the manner in which the same shall be allotted; and
in default of its so doing, the control of such allotment shall be held to
vest absolutely in the Directors;

18. The Company may, within six months after a duly authenticated
copy of such By-law has been tiled with the Provincial Secretary, or
such other oflicer as the Governor in Council may have named for the
purpose, require and cause a notice under the signature of the Provincial
Secretary or other proper officer, to bo inserted in the Canada Gazette,
that such By-law has been passed and tiled as aforesaid, and stating the
number and amount of the shares of new stock, the amount actually
subscribed, and the amount paid in respect thereof, and from the date
of such notice the Ca])ital stock of the Company shall be and remain
increased, to the amount, in the manner and subject to the conditions,
set forth by such By-law, and the new Slock shall become subject to
all the provisions of law in like manner, (so far as may be) as though
the same had formed part of the Stock of the Company ox'iginally
subscribed ,

19. The Company shall cause t book or books to be kept by the
Seci'etary, or by some other 0£-cer specially charged with that duty,
wherein shall bo kept recorded —

1. A correct copy of the Letters Patent incorpoi'ating the Company,
as also, of any ancl every By-law thereof ;

2. The names, alphabetically arranged, of all pei'sons who are or have
been Shareholders ;

3. The address and calling of every such person, while such share-
holder;

4. The number of shares of stock held by each Shareholder;

5. The amounts paid in, and remaining unpaid, respectively, on the
Btoclc of each Shareholder ;

6. All transfers of stock, in their order as presented to the Company
for entry, with the date and other particulars of each transfer, ana the
date of the entry thereof; and —

7. The names, addresses and calling, of all persons who are or have
been Directors of the Company ; with the several dates at which each
became or ceased to be such Director ;

20. The Directors may refuse to allow the entry into any such book,
of any transfer of Stock whereof the whole amount has not been paid
in ; and no transfer made with the view of relieving the transferor
ft'om preexisting debts of the Company, shall be valid or prevent any
antecedent creditor from exercising his remedy against such transferor
in the same way as if he had continued to be a Shareholder in such
Company ; provided, that nothing in this sub-section shall prevent the
effect of chapter seventy of the Consolidated Statutes of Canada, as
regards any such stock seized and sold in execution ;

21. No transfer of Stock shall be valid for any purpose whatever,
save only as exhibiting the rights of the parties thereto towards each
other, and as rendering the transferee liable ad interim jointly and
severally with the transferor, to the Company and their creditors, —
until entry thereof has been duly made in such book or books;

22. Such books shall, during reasonable business hours of every day,
except Sundays and obligatory holidays (fetes cC obligation,^ be kept
open for the insijei-.tion of Shareholders and creditors of the Company,
and their personal representatives, at the oflSce or chief place of business
of the Company ; and every such Shareholder, creditor or representative,
may make extracts thcretrom ;

23. Such hooks shall bo prima facie, evidence of all facts purporting
to be thereby stated in any suit or proceeding against the Company or
against any Shareholder ;

24 Every Director, officer or servant of the Company, who knowingly
makes or assists to make any untrue entry in any such book, or who
refuses or neglects to make any proper entry therein, or to exhibit the
same, or to allow the same to oe inspected and extracts to be taken
theroft-om, shall be liable to a penalty not exceeding twenty dollars for
making each such untrue entry and for each such refusal or neglect,
and also for all loss or damage which any party interested may have
sustained thereby;

25. The Company shall not be bound to see to the execution of any
ti'ust, whether express, implied or constructive, in respect of any shares ;
and the receipt of the Shareholder in whose name tne same may stand
in the books of tho Company, shall be a valid and binding discharge to
the Company for any dividend or money payable in respect of
such shares,* and whether o^' not notice of such trust shall have been
given to the Company; and the Company shall not be bound to see to
the application of the money paid upon such receipt ;

26. Every contract, agreement, engagement of bargain made, and
every bill of exchange drawn, accepted or endorsed, ana every promis-
soiy note and cheque made, drawn or endorsed on behalf of the
Company, by any agent, officer or servant of tho Conipany, in
general'accordance with his powers as such under the By-laws of the

p ^

Conlpany, shall bo binding upon tho Company ; find in no case shall it
be necessary to have the seal of tho Company affixed to any such con-
tract, agreement, engagement, bargain, Dill of exchange, promissory
note or cheque, or to prove that the same was made, drawn, accepted
or endorsed, as the case may be, in pursuance of any By-law, or special
vote or order ; nor shall the party so acting as agent, officer or servant
of the Company, be thereby subjected individually to any liability
whatsoever to any third party, thei'ofor; provided, always, that nothing
in this section shall be construed to authorize the Company to issue
any note payable to the bearer thereof, or any promissorj" note intended
to be circulated as money, or as the note of a Bank ;

27. Each Shareholder, until the whole amount of his Stock has been
paid up, shall bo individually liable to the creditors of tho Company,
to an amount equal to that not paid up thereon ; but shall not be liable
to an action therefor by any creditor, before an execution against the
Corajjany has been returned unsatisfied in whole or in part ; and tho
amount due on such execution shall be the amount recoverable, with
costs, against such Shareholders;

28. The Shareholders of the Company shall not as such bo held
responsible for any act, default or liability whatsoever, of the Company,
or for any engagement, claim, payment, loss, injuiy, transaction, matter
or thing whatsoever, relating to or connected with the Company, bej'ond
the amount of their respective shares in the capital stock thereof;

29. No person holding stock in the company as an executor, adminis-
trator, tutor, curator, guardian or trustee, shall be personally subject to
liability as a Shareholder, but the estates and funds in the hands of
such person, shall be liable in like manner, and to the same extent, as
the testator or intestate, or the minor, ward or interdicted person, or
the person interested in such trust fund, would be, if living and
competent to act, and holding such stock in his own namo ; and no
person holding such stock as collateral security, shall be personally
subject to such liability, but the person pledging such stock shall be
considered as holding tho same, and shall be liable as a Shareholder
accordingly ;

30. Every such executor, administrator, tutor, curator, guardian or
trustee, shall represent the stock in his hands, at all meetings of tho
Company, and may vote accordingly as a Shareholder; and every
person who pledges his stock may nevertheless represent the same at
all such meetings, and may vote accordingly as a Shareholder ;

31. If the Directors of the Company declare and pay any dividend
when the Company is insolvent, or any dividend the payment of which
renders the Company insolvent, or diminishes the capital stock thereof,
they shall be jointly and severally liable, as well to the Company as to
the individual Shareholders and creditors thereof, for all the debts of
the Company then existing, and for all thereafter contracted during
their continuance in office, respectively ; but if any Director present
when such dividend is declared do forthwith, or if any Director then
absent do within twenty-four hours after he shall haye become awaro
thereof and able so to do, enter on the minutes of the Board of Directors
his protest against the same, and do within eight days thereafter publish
Bucn protest in at least ono newspaper published at, or as near as may
be possible to, tho office or chief place of business of the Company, such

Director may thereby, and not otherwise, exonerate himself from such
liability ;

32. No loan shall bo made by the Company to any Shareholder, and
if such be made, all Directors and other officers of the Company making
the same, or in any wise assenting thereto, shall be jointly and severally
liable to the Company for the amount of such loan, — and also to third
parties, to the extent of such loan with legal interest, — for all debts of
the Company conti-acted fi*ora the time of the making of such loan to
that of the re-payment thereof;

33. Any description of action may bo prosecuted and maintainc ^
between the Company and any Shareholder thereof ; and no Shareholder,
not being himself a party to the suit, shall be incompetent as a witness
therein ;

34. The Charter of the Company shall bo forfeited by non-user during
three consecutive years, at any ono time, or if the Company do not go
into actual operation within three years after it is granted ; and no
declaration of such forfeiture by any Act of the Legislature shall be
deemed an infringement of such Charter.

The Governor in Council may, on the petition of the applicants,
omit from the Letters Patent clauses eleven, sixteen, seventeen and
eighteen, of the next preceeding section, or one or more of them, and
the Company shall not then be subject to the said clauses ;

The Governor in Council, may from time to time, fix and
regulate the fees to bo paid by aj^plicants for Letters Patent under this
Act, may designate the Department from which they shall be issued,
and prescribe the forms of record and proceeding, and all other matters
necessary for carrying out the object and purposes of this Act ;

Every Company incorporated under the authority of this Act,
shall be subject to such further and other provisions as the Legislattiro
may hereafter deem expedient.