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This item is filmed at the reduction ratio checked below/ Ce document est film* au taux de reduction indiqu* ci-dassous. 10X 14X 18X 22X 26X aox 7 12X 16X aox 24X 28X 32X TIm copy filmad h»n hat b««n rtproducad thanks to ttM gonorotity of: Library of tha Public Archivas of Canada L'axampiaira film* fut raproduK grica k la g4n4roait4 da: La bibiiothiqua das Archivas publiquas du Can%da Tha imagaa appaaring hara ara tha bast quality possibia considaring tha condition and lagibility of tha original copy and in kaaping with tha filming contract spacif icationa. Las imagas suhrantaa ont 4t4 raproduitas avac la plus grand soin, compta tanu da la condition at da la nattat6 da l'axampiaira filmA. at an conformiti avac las conditions du contrat da filmaga. Original copias In printad papar covara ara fllmad baginning with tha front covar and anding on tha last paga with a printad or illuatratad impraa- sion, or tha back covar whan appropriata. 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It is proposed that the Municipalities interested in the construction of the Railway, instead ot attempting to provide any portion of the capital required for the en- terprise, should simply agree to guarantee to the Com* pany, a sum equal to the interest on the amount pt the capital employed for the first five years, iiafolldwaf *, the interest to be paid to the Company on the amount actually expended in the construction of the road calculated, at th^ end of each year until completion, and for the whole amount of the capital for two years thereafter, and then all payment of interest to cease. 2. The profits ensuing from the working of any portion of the road, until the end of the five years, shall belong io the Municipaiittes, and shall be credited by the Company, on fLCCpunt of the Interest |;uar8nteed by t**e Municipalities. '<^-' i^rx^^' - ? 3. The Railway to extend from the Town of Guelph, adjoining and connecting with the Freight Station of Grand Trunk, and Gait & Guelph Railway in said Town, und passing about midway between Fergus and Elora, hence through the Northwesterly Townships of Welling- ton, through the County of Bruce, to the waters of Lako Huron. 'y ■■''■■ ^.■'^^'-t•'l ^rr -♦.rn*' ^jun t>j,oi> 4. The Capital Stock of £ 1 ,000,000 currency, to be subscribed in England by Capitalists there, who are to build and complete the, Railway, equal to the average character of similar undertakings in the Province, and to equip the same completel^^, 9fia operate the sflme on it« •completion. v^ to. •-«« '>li 5. The plans of location of the line ofKailwajr, to lie submitted to the County Councils of Wellington and Bruce, and to the Town Council of the Town of Guelph, in order to obtain their approval of them, before the work is commenced within the Uniits of their respective Mu- nicipalities. >---- ' ;^ 6. The work to be commenced and carried on eim- vltaneously iu both Counties. ■■- ^ > «< ? ' <^ ^ fe /u 7. The Railway to be in oporaiion in three years, or less, from commencement, and a fair proportion of the work to be executed each year. ;otr 8. In order to make the five years guarantee of interest fall lightly on the ratepayers, its liquidation is proposed to be spread over 20 years by issuing guaran- teed debentures having from one to twenty years to run. 9. These debentures to be placed in the hands of Trustees, untd the Railway be in operation, as an interest fund for the Security, and benefit of the Stockholders. 10. IS one of these debentures to be paid over to the Company, until the Railway is in operation. 1 1. The debentures to be issued, to be imder au- thority of By-laws to be passed by the County Councils, and Town Council of the Town of Guelph, the By-law» distributing the liability, or guarantee over the several ; Municipalities in certain proportions hereafter referred to. 12. That at the end of the first year, when it shall have been ascertained, the amount expended on the con- struction of the Road up to that time by the Company, the several Municipalities shall pay over to the Trustees, debentures to the amount of the interest on such expen- diture in their due proportions, such debentures to bear date from one to twenty years in equal amounts, and bear sii per Cent interest. ''^'^ti^ii-m^mi-'^^^'^'m^ ''^«^-^^*i^ >il^ ^ That at the end of the second year, the amount (At of expenditure having been ascertained for that year, a further amount of debentures to be issued, as above pro- vided in section 12, shall be paid over to the Trustees, which amount shall include the interest in first and iccont "'>ars expenditure. n H 4 '•"''" ■" "'•' ■■■■■"' 1'4. That at the end of the third year, provided the ftailway be then in operation, a further issue of debentures as above provided,be made and paid to the Trustees for the amount of the interest in the Capital Stock of XI, 000,000, and if the Railway be then completed, the Trustees shall then pay to the Company, the whole of the debentures in their hands, as a payment in full of interest, for three yearsr 15. That for the fourth year, the Road now being Completed, rn operation, and earning receipts, it being ascertained at the end of that year, what the net receipts of the road are, over and above the working expenses of the same, if it shall be found that the net receipts do not equal the interest at 6 per cent on the Capital Stock of £1,000,000, then the Municipalities shall issue debentures at the dates, and after the manner provided in section 12 to the Company, for the amount of ^uch deficiency, and for the fifth year if any deficiency shall arise, it shall be provided for, in a manner similar to the fourth year, but after the fifth year, the Company shall have no further claim for any such compensation, but shall work the road at their own risk of remuneratioo. 16. According to the above scheme, the following iss>. ue of debentures would require to be n^ade, supposing that the receipts from the working of the road, during the fifth year, over the working expenses, would equal lialf the amount of the interest on the Capital. 1st year, one third Interest on Oapka^,. j620,000. 2nd " two thirds " « ............. je40,000. .- 3rd « whole * « :> «* ..je60,000. V 4th « do. « .7 « .je60,000. ^^'' 5th « one half « ■. « ^630,000. ;, :^i. ,, Anti it is proposed that the foKpwing appjtionnlents be made among the Municipalities interested: ^^^^^^^^^ ., ,; Countjr of Bruce jet6,6o6. - County of Wellington. . . * ^. ... ^ ......... . . je76,000. ^^' TownofGutelph.. ,.£ 9,000. Other Townships interested, not in either County £ 9,000. , r Toronto, Hamilton, G. W. R. Road, G. T. R. Row!. . . .£40,000. I ^i.i^m je2t0,000. .r ■ i f ^nytit COUNTY OP WELL.INGTON, />()»), ^)Oo;a¥ ^ RATE OF ASSESSMENT, i ^;/j,> ' ^ Issue of debentures in accordance with abore schema, with amount required for redemption of same, with Interest until the end of 20 yeafd, for County of Wellington, pro- portion of £76,000, debentures, of equal amount viz, i:3,800 each. Rateable Property, County of Wellington. Hate 00 part County UateforJC in Pence. Assessm*t to pay debt Wellingt'n [decimal of & interest £1,883,31)7 |One Penny 1st 2nd drd 4th 5th jSth 8th .9th year. « u tt « it it tt tt t^^ij 10th « i. 11th « ."' 12th« 14th « 15th « 16th « nth « 18th « '19th « .fSOth « .829 .513 .896 .554 .953 .589 1,010 .624 1,067 .659 1,124 .684 1,181 .719 1,238 .754 1,295 .789 1,3.52 .824 1,409 .859 1,466 .894 1,523 .929 1,580 .96 fc 1,637 .999 1,694 1,034 1,751 1,069 1,808 1,865 1,104 1,139 1,720 1,06^ £4028 4256 4484 4712 4940 5168 539^ 5624 5855^ JS080 6309 653^ 6764 699!^ 7220* 744» 7676* 7904 8m 9360 Bli'l/fi^U*^;. Omitting the Townships of Puslinch, Erin, Eramosa, Amaranth, and east half of Garafraxa from assessment, the value of property in the remainder of the County of : Wellington, will be £1,166,107, and the rate required to be levied^ is shown in first column of rates. sapaaaip^imii 1 l-^PH-i --♦v-' •v-"' T-" ■ >" r ,■!■ 6 .|-^^ 'W^'ti^^^^.^' ■I ..1 I^M H COUI^TY OF BRlfCf:, . ftA T E OF a;S S E S ? M E N T "" '■.^^1»' ■'it a |tf1'ii'¥*^.;'f l^t^l Issue of debentures calculated as above, for Countj of Bruce, amount £76,000. Kateable property in the County of Bruce, £643,466. - - ■ ■ r» Hate in ihe£i Assessn^'t Decimal of to pay debt one Penny. & interest « <« u u u u u fit year 2nd " . 3rd 4Ui &th 6tb 7th 8th 9th lOth " nth «« 12th « 13th « Hth " 15th « 16Ui « 17th « 18Ui « 19th «« 20th « nt U-h- ti"" J i JV '> S^- 1,512 £4028 1,616 4256 ■ 1,720 4484 '/^ 1,824 4712 y 1,928 4940 ;*, 2,032 5168 ^ 2,136 5395 ,C 2,240 6624 ,,* 2,344 5852 .5 2,448 6080 tf 2,552 6308 ^T 2,656 6536 2,760 6764 S 2,864 6992 II 2,968 7220 ii 3,072 7448 n 3,176 7676 *li 3,28) 7904 4' 3,384 8J32.n 3,488 8360 ^r Total. ...^£123380 ^.iiif'i^'imi ,;» TOW]¥ OF GVJBLPH, i^'ifi^'^j-^ I ^j:j •.^• .'"!} Town of Guelph proportion. £0)000 amount of as* cessment, to redeem debentures and interest, also rate to be levied, calculated on assessment roll of jC?P,000 annually for Town assessment, ^nd £2^5,000 ^^teable pro^ jjerty for County share of this Undertaking. ^^* ^'*^ ViiH^.,v.*.u:*^:'.>.^ IXr:"t>lti%« ^ l^^ 1 I* O Ut jetr.;... 2nd <* .;... 3rd « .i... 4th « ..... 6th M ..... €th «< .;... 7th « 8th " 9th « 10th « 11th « 12th «<..... 13th » 14th « ..... 15th '« 16th « ..... nth" ..... 18th«« 19th « 20th" c5 851 sb^ 942 ^S 1033 1079 1124 1170 1216 1261 1307 1353 1398 1444 1489 1535 1581 1626 1672 % c5 X503 532 56d 589 617 646 673 703 731 760 788 817 845 874 902 931 959 988 1016 1045 I' ie54,770 jei5,479 £14,610 ii,,,«t .1 » ••^■*^ -v?*- •^■^■■#''- w^^'''i^>-'9' II .i V (i ■•i /,. COUarTY OF WBLIilJrGTO^, KATE ON AVERAGE INCREASE OF VALUE. Table showing the rato in the pound for each of the twenty years, calculated on a fair increase in the value of property according to the .averages, and omitting alto- gether from the general .-assessment, the Townships of ruslinch, Erin, Eramosa, Amaranth, and the easterly half ofGarafraxa. Nninb«tr of year lh>in eommeii'ment. Ri!i mated aver- ^jage value per acre in each year. Total Mresited value in each year, calculated on veraifH value iier( acre, as retnriiea in firat coUimii. ilLcrea leng^ractd. 0.U,OOO. Rates io the {xvind for each year calculated (W> m 'Ettiioa|«4 AiiMa«raent ia Mcond eolumik ]st,asinl657 Sod orQ •••••••• 5th * vlD •••••••• • Ul •••••••• » 0(D •••••••• vXik •••••••• 10th ul Jul •••••••• '12th iUlh..... vvlD •.• • •.• • • • •lotb •••••« »• nth iaOUl ••■•■••• 19Ui 20tii £3 4 5 6 7 7 7 7 8 8 8 8 9 9 9 9 10 10 10 5 10 15 5 10 15 5 10 15 5 10 (1.166,107) jei662,000 2.216,000 2.770,000 3.324,000 3.878,000 4.016,500 4 155,000 4.293,500 4.432,000 4 .'>70,500 4.709,000 4 847,500 4.986,000 5.124,500 5 263,000 5.401,500 5 540,000 5.678,500 5.817,000 0.829 ofapennj IB th«£ 0.614 0.509 ] 0.418 , 0.356 320 0.322 0.324 0.326 0.328 330 0.332 0.334 0.336 0.337 0.339 0.341 0.342 0.344 0.346 : . » . R ^ n n _ _ f» n n w n I* w m ir ^ ili . m- It' ;*,,.*.;^%>5;