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Les diagrammes suivants lllustrent la mdthode. 1 2 3 1 2 3 4 5 6 REPLY ol' tlu' liiitValo iind Laku Muri)ii Railway Coinpan.v to the objections oniK' Town ol" linnitrord to the Bill now bclorc the floiiseol" Aswemhly, for the('onlirination of the A.irreeinent lietween tlmt (!oiM|iauv anil the (iiaiul Tnuik. The Town of Bmni ford subscribed $IO(),n()0 to the Stock of tla- Unffalo, Branlford and Goderieh Railwny Com|)aiiy, and suhscqnenily on llir burning down of the workshops of thai Company iit Biiinlford, a further aiuonnt of ^400,000, niakii)!,' a total sum of |50(),0()0, all of which was i^^sucd under the authority of til.- iMunicipal Loan Fund Act, and upon whicii Branlford, under llial Act, had to pay 6 |)cr cent., and 2 per cent, to the Sinking Fund. After various arrangeiu<"nts between th(;Town of Hrantford and the Railway Company, they ultimately received a total of £lli),l)00 of the Bonds of tiie Buliido and Hi. -"ford Railway Company, as security for these advances. Branlford never advanced any money at all, but simply gave the Bonds of the (JovernmenI, under the Municipal Loan Fund Act, leaving the Company to realize on them as bt!st they could. The Town of Branlford subsequently sold Bond> of tiie £1 1<),0 )(), thai they received as security, and have thus realized a sum of $10(),0()(), which was paid in cash to the credit of the Town of Branlford. The Town now iiolds £82, K)0 sterling of Bonds as security for tlieir advances to liie Company, which amount in reality to $100,000, lliey havn,' received the ^100,000 in ea>h already referred to. The IjoiHJed debt of liu- Biiilalo, Branlford and Goderieh Company, assumed l)y the Bullalo and Lake Huron Company, is as follows :— The tirat morlgage on the Boad from For! Erie lo i'aris. £125,000 sterling. First morlgage on the Road from Paris to Goderieh. '■5,000 " Making a total first morlgage upon the Road from Fori Erie to Goderieh of £300,000 The whole of this amount is held in F.nglyud. There is also a second mortgage on the entire Road for £200,000, and this is the description of Bords held b- the town of Branlford, tlie balance of £117,000, being held in England, as well as the whole of the firsl mortgage. The town of Branlford received up lo about two years ago Interest upon wliat was called the " active " Bonds of the Company. In 18.57, Parliament passed an .Act,— finding thai many ol'lhe Municipalities who had reciMvetl Bonds under the Ahmicipal Loan Fund Act, were largely in arrear to the Govenunent in interest and Sinking Fund— by which it was provided that a rale of five cents in the dollar should be paid by each Municipality on the assessment of 185S. If ihe assessment in any sul)sc(|ucnl year was more than the as^esMuent of l^oS, the higher amount was lo be taken, in order to calculate the rate of live eenls in liie dollar, but if the assessment came to less than thai of tfS5H, thai year was lo be taken as the standard Under this arrangement, Branlford has"|!aid lo ihe Government since 1857, ihe sum of $9,229.70. This is the whole amount that Branlford since 1857 has been called upon lo pay, on account of tlu-ir advances of ft.-.00,000 . 00 tinder the Municipal Loan Fund Act. From IH57 for a period of several years the Town of Branlford received, from the Railway Company, considerably more than this amount, and tlierclore of the llailway Company and a large munber of the heading citizens, and rate-j)ayers of Brantford, when the following'- Uesolulion was unanimously adopted : flp«;/i»C(/.— That in the event of an arranL;enient being made with ihe Gov- ernment, by which ihe Town of BrantfMrd will be relieved fiom lis inlire indebtedness to iIk; Govi-rnment under the " Municipal Loan Fund Act." the Town of Branlfoid will hand over the RailwLy bonds, now held by the Town, to the Bullalo and Lake llm-on Railway Company, amoiniting to £8:2,100 sterling or thereabouts Carried unanimously, (Signed,) CHARLES WATTS, Chairnian. Acting upon iliis Resolutinii the Town Council of Brantford, some time aftcrwanis, passed a Resolution authorizing the Itepresentative of Brantford in Pailiament to apply to the (iovirnmenl lo carry out the terms of the Resolution ju.-t (pioled, — accordingly a I'ctilion, was on the Mlh of Auizust 18G5, i)rescntetl to His K\cellency the (Governor (Jeneral in which, after re<'iting the facts, the following slatemi'nis weii' made ; " The ainoiMil paytiblc by the Town of IJraiilibrd in respect of its said iiulidilediii- cents in the C, is lj,!),Ji!).70, and there is lai pm-pecl ol this sum beiii^ increased for venerations to come, " The rate-pavers of the Town of BraiUlord feel luieasy that se