This is a lease dated October 1st, 1889 which sells Lot Number 331 to Mr. Thomas Carscadden of Galt, Ontario. The property was leased for 999 years, as was the custom with the Ontario Methodist Camp Ground Company leasing. It cost Mr. Carscadden $500 the first year and one peppercorn every year thereafter.
Mr. Carscadden was a principal at the Galt Collegiate Institute. According to "Report of the Minister of Education, Ontario, 1890", the average salary of a male teacher in a county system in 1889 was $389. Peppercorn rent was a customary form of exchange in the British legal system.