ANNO ОСТTA V O VICTORIÆ REGINÆ. CAP. LXXIV. An Act to amend the Act for purchasing the Stock in the Welland WH [29th March, 1845.] HEREAS by a certain Act of the Parliament of this Province, passed in Preamble. the seventh year of Her Majesty's Reign, intituled, An Act to repcal a certain Act therein mentioned, and to make further provision for enabling the Pro- 7 Vict. cap. 34. vincial Government to purchase the stock held by private parties in the Welland Canal, a sum of one hundred and seventeen thousand eight hundred pounds currency, with interest thereon from the first day of January, one thousand eight hundred and forty-three, was charged on the Consolidated Revenue Fund, and debentures were authorized to be issued to the private stockholders to that amount: And whereas the shares in the said Welland Canal Company, were by the Act of Incorporation declared to be of the amount of twelve pounds ten shillings, currency, and were issued at that price and value in all parts of the Continent where the same were taken or subscribed; And whereas certain of the shares in the said Company were taken and subscribed in England, and the subscribers paid in England, for each share, the sum of eleven pounds five shillings, sterling money, and received from the duly authorized Officer of the Company, a certificate declaring the said subscribers entitled to the number of shares mentioned therein, at the rate of eleven pounds five shillings sterling per share; And whereas the several sums so paid by the subscribers in sterling money and received by the Welland Canal Company, amounted to a larger sum than the sum of twelve pounds ten shillings currency per share, inasmuch as the Welland Canal Company received the benefit of the exchange, the subscribers paying the amount of eleven pounds five shillings sterling, in London; And whereas the said sum of one hundred and seventeen thousand eight lundred pounds, so granted as aforesaid, was £2.779. 18s. 9d, granted to English hol ders of WelJan Canal Stock. Governor au thorized to issue Debentures. Proviso. Form and nout of Debentures. ° was intended to repay to the private shareholders the full amount advanced by them, and debentures have been issued accordingly to the subscribers who paid twelve pounds ten shillings, currency, per share, and the sum granted is insufficient to pay to the subscribers who paid at the rate of eleven pounds five shillings, sterling, per share, in London, and it is just that all the subscribers should be paid for their respective shares in full Be it therefore enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and of the Legislative Assembly of the Province of Canada, constituted and assembled by virtue of and under the authority of an Act passed in the Parliament of the United Kingdom of Great Britain and Ireland, and intituled, An Act to Re-unite the Provinces of Upper and Lower Canada, and for the Govern ment of Canada, and it is hereby enacted by the authority of the same, That there be charged upon the Consolidated Revenue Fund of this Province, for the benefit of the private stockholders of the Welland Canal, the further sum of two thousand seven hundred and seventy-nine pounds, eighteen shillings and nine pence, currency of this Province, with interest thereon, from the first day of January, one thousand eight hundred and forty-three. II. And be it enacted, That it shall be lawful for the Governor in Council to direct the Receiver General of this Province to issue the debentures to the private stockholders of the Welland Canal Company who subscribed and paid their stock in England as aforesaid, for such sums in Provincial currency as shall equal the sum of eleven pounds five shillings sterling, per share: Provided always, that the whole sun for which debentures shall be issued under this or the above recited Act shall not exceed the aggregate of the said respective sums of one hundred and seventeen thousand eight hundred pounds, and two thousand seven hundred and seventy-nine pounds, eighteen shillings and nine pence, currency. III. And be it enacted, That the debentures to be issued by virtue of this and the said recited Act, shall be in the same form, and bearing the same date, and at the same rate of interest, and shall be made payable at the same dates, and be issued to the same persons, and subject to all and every the same provisions of law, as are required, directed, authorized and imposed, with respect to the debentures to be issued by the authority of the said recited Act. MONTREAL-Printed by STEWART DERBISHIRE and GEORGE Desbarats, An Act to correct and amend an Act passed in the Session held in the fourth and fifth years of Her Majesty's Reign, intituled, An Act to appropriate certain sums of money for Public Improvements in this Province, and for ot purposes therein mentioned. [29th March, 1845.] Preamble Act 4 & 5 Vic. cap. 28, cited. WE THEREAS by an Act passed in the fourth and fifth years of Her Majesty's Reign, intituled, An Act to appropriate certain sums of money for Public Improvements in this Province, and for other purposes therein mentioned, the sum of thirty thousand pounds was intended to be appropriated for improving and completing the main Northern Roads from Lake Ontario, at Toronto, to Lake Huron, and certain roads in the District of Simcoe, which said District of Simcoe is in the said Act erroneously called the District of Barrie; And whereas it is necessary to amend so much of the said Act as relates to the appropriation of the said sum of thirty thousand pounds: Be it therefore enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and of the Legislative Assembly of the Province of Canada, constituted and assembled by virtue of and under the authority of an Act passed in the Parliament of the United Kingdom of Great Britain and Ireland, intituled, An Act to Re-unite the Provinces of Upper and Lower Canada, and for the Government of Canada, and it is hereby enacted by the authority of the same, That the said sum of thirty thousand pounds, In what manor so much thereof as may be now unexpended, shall be expended in improving £30,000 for and completing the main Northern Road from Lake Ontario, at Toronto, to Lake the main NorHuron, continuing and perfecting the same from the termination of the portion al- frem Toronto ready macadamised by the Home District, establishing toll bars thereon, and im- to Lake Huproving sundry parts thence to Penetanguishene, and improving the Cold Water applied. Portage; and also in improving the road from Bond Head to Barrie, by covering the ner the thern Road ron shall be Part of the Baid Act repealed. Monies to be expended by the Board of Works. the long causeway with earth or gravel, and in other improvements on that line of road, and in draining, forming and grading that part of the Penetanguishene Road from Bradford, through West Gwillimbury and Innisfil, to Barrie in the District of Simcoe, in such manner as to the Board of Works may seem advisable. II. And be it enacted, That so much of the first section of the Act above in part recited as relates to the appropriation and expenditure of the sum of thirty thousand pounds for improving the roads in the District of Simcoe, therein called the District of Barrie, and in the Home District, be, and the same is hereby repealed. III. And be it enacted, That the monies to be expended under this Act, shall be expended under the direction of the Board of Works, and the due application thereof accounted for in the same manner as that of other monies expended under the direction of the said Board. MONTREAL:-Printed by STEWART DERBISHIRE and GEORGE Desbarats, |