H

CHAPTER 5.

[Assented to 19th December, 1925.]

IS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1924, c. 5.

1. This Act may be cited as the "Barbers Act Amendment Act, Short title.

1925."

2. The "Barbers Act," being chapter 5 of the Statutes of 1924, Re-enacts s. 10. is amended by striking out section 10 thereof, and substituting therefor the following:

"10. The provisions of this Act shall not apply to or in unorganized territory, nor in or to organized territory wherein the population does not exceed seven hundred and fifty persons."

VICTORIA, B.C.:

Printed by CHARLES F. BANFIELD, Printer to the King's Most Excellent Majesty.
1925.

An Act respecting the Issue and Renewal of Licences under the "Water Act," authorizing the Storage or the Diversion and Use of the Waters of Bridge River for the Generation of Electrical Energy.

H'

[Assented to 19th December, 1925.]

IS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1. This Act may be cited as the "Bridge River Water Licence Short title. Act."

2. The interpretation section of the "Water Act," so far as the Interpretation. terms defined can be applied, shall extend to this Act.

of licence.

3. Every final licence issued under the "Water Act" authorizing Term and renewal the storage or the diversion and use of the waters of Bridge River for power purpose shall be limited to a period of fifty years from the first day of April, 1929, and if the rights granted under the final licence are at the expiration of the period of the licence held and exercised in accordance with all requirements of the law relative to the holding of such rights and licence, the licensee shall upon application be entitled to a renewal of the licence for a further period of forty years upon such terms and conditions as may be authorized or required under the Statutes and regulations then in force in respect of licences authorizing the use of water for power purpose.

licence after

4. At the expiration of the fifty-year period to which the final Expropriation of licence is first limited or at any time thereafter the Crown in the renewal. right of the Province, if authorized by resolution of the Legislature, or any public corporation authorized by Statute in that behalf shall

Compensation.

Basis of determining compensation.

Outstanding contracts.

have authority, upon giving to the licensee five years' notice of its intention to do so, to expropriate the licence and the rights held thereunder, together with the whole of the lands, works, and other property of the licensee held, occupied, or used by the licensee in connection with the undertaking of the licensee as approved of by the Minister, or to expropriate such licence and rights, together with such part only of the said lands, works, and other property as is necessary for the generation of electrical energy and the transmission thereof from the generating plant to the substations at which the main transmission-lines of the licensee terminate. Any notice so given shall be irrevocable except by consent of the licensee.

5. If the Crown or the corporation having authority to expropriate the licence, rights, lands, works, or property as aforesaid and the licensee cannot agree as to the extent of the lands, works, and property that are subject to expropriation under this Act, or cannot agree upon the amount of compensation to be paid to the licensee for the licence, rights, lands, works, and other property being expropriated, the same shall be determined by arbitration under the "Arbitration Act"; and until the same are agreed on or so determined, and the amount of the compensation is tendered or paid, the Crown or the corporation, as the case may be, shall not take possession of the licence, lands, works, or other property of the licensee.

6. In determining such compensation the arbitrator shall in respect of the value of the licence consider only the sums reasonably and necessarily expended in acquiring the licence by the person to whom the conditional licence is issued, and in no case shall the arbitrator consider the revenues, profits, or dividends being or likely to be derived from the undertaking of the licensee.

7. The Crown or the corporation acquiring the licence, rights, and any lands, works, or property by expropriation under this Act shall carry out all outstanding contracts of the licensee for the supplying of electrical energy which have been approved respectively, in writing, by the commission, board, or other official or body (if any) having authority by Statute when the contract is made to regulate and approve the tolls and service of corporations supplying power or electricity to the public, or, if there is no such commission, board, official, or body, then by the Lieutenant-Governor in Council; except such outstanding contracts as extend beyond the period for which the licence is renewed.

VICTORIA, B.C.:

Printed by CHARLES F. BANFIELD, Printer to the King's Most Excellent Majesty.

1925.

H

CHAPTER 7.

Companies Act."

[Assented to 19th December, 1925.]

IS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

R.S.B.C. 1924, c. 40.

1. This Act may be cited as the "Mutual Fire Insurance Com- Short title. panies Act Amendment Act, 1925."

2. Section 8 of the "Mutual Fire Insurance Companies Act," Amends s. 8. being chapter 40 of the "Revised Statutes of British Columbia, 1924," is amended by striking out in clause (b) the words "or for the investment of any reserve fund, guarantee stock, or other moneys belonging to the company," and by striking out clause (c).

3. Section 59 of said chapter 40 is repealed.

Repeals s. 59.

4. This Act shall come into force on the first day of January, 1926. Commencement

of Act.

VICTORIA, B.C.:

Printed by CHARLES F. BANFIELD, Printer to the King's Most Excellent Majesty.

1925.