The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

THIRO PARLIAMEWT----stCORO SESSIOX, ONXTARIO LECISLATURE. kions in referencs to _ rallway ald it would be proper for him to explain the raliways which it was props: ed to ald, the amounss to be given to ouch, and the prino'ple ur plaa ugon which the money was to be gransed He sippos.d thas nince the House bad adopsed she sy ss0m of granting ald to railways up to thy prosent time, no more Importans matter had ongaged the abtention of the L:gielature then the une | of granting Provinotai aid to stimulate the | consiruction of raiiways, Sloos the first one and one--half miilions had been granted for tbls purpose is woeu'd be very difficult to csicuiats the amoun's of good that had been socom,lished in thls way. In dealing with this quesiion of the granting of ald to rallwys, aad la eadernvou:ing to ex-- Ihh the ficanotal smiis o!f tho vartous ronds, e was well awars toat ho was deailog with a subje t that was not casily deals with In a popular way ; bus it war dasevo the House that he should exp!a'n the financial standing of the varlous rord>, in order that hou, members might jod;e as to whoether or not tha oompaules would be able, after the Government ald was grarted in addision to thair present financial standing, to comp ete the rosd. The first rord which 1t we«s proposed to ald was ths Kirgaton and Pemb:roke Rellway from King-- ston through the bace coun'trg, and connect. log with what _was kceowa ar the . Cen:da Cenbral. It would be propsr for him to give a short hlsrory of that road. . At the present time it was virtuaily com-- ! pleted to the Misslesippl River; for there The Speaker book the chair at 3 p.m, RETURN, Mr, Woodl presented a return of all fees and emolumeste reovived by the Roglistrars ef Oatarlo in 1876, PEOPLE'S3 GAS COMPANY,. The Bill to Incorporate the Poople's C:as Company was read the thisd time, RAILWAY AID, Mr, PARDEE r«ald that in moviog that to--morrow the House go into Oommitteo of the Whole to ooulz:r certain rasolu-- ©00; contributrd by sharenslders (incluciog $106,000 inbond,), $225,000; Governmanat ald, --$211,000, making in aiu $911,875 from these sources There was o b» provided by bends of the Company $180,000 ; present bonds on 60 miles, :l'(.vIG 000. The road was, Aherefore, indebred to the amouut of about 3286,000*07!6 én otaor [ l:on}o. hd":':nudod debs of $4,766 per m he p Edbhnd-d was from the lhdJ"l ver to the Madawaaka R:ver, a liskance of about 30 miles, As hon, gentlemen was so listle to be done over shat distance bhat for the purposes of argument it might be assumed to be completed to the point he had numed--a disiance of »ixty miles. The cost of completing it from Kirgston to the Misals:ippl River had been $1,091,875 The amuunt ot atd is had re-- celved if the Government grant was lacladed was as follows:--Municipal boauses, $475,-- was propesed, for tie purpose of enablin i h"bo bullt from _ the Illdulppg; o the Madawaaka,to alid it to theamount of $3,000 per milo, Aiter the road reached the Madawaska River there was only some seven: been -n:.b j.:ofi ..m'.ll ;rhr %e 'u'uh'lhh ve a junotion with the mc;nth Contral, It would be proper for him to state that the ald which was propssed woere aware, this road ran through a ueetion of country which was compara: bo be given by the Government this nession Bbo the various railways was to be giren on sost, in« atock, $18,000 per M-n., ..md'dhf m"m:fssw.ooo. which was proposed to be raised as follows :--Covern: ment ald, $240,000; bonds, at $3,000 per lm. $270,000, making a total of $510,000. This would fall shors of the amount requir: TnourspAaYy, Feb. 298, ed to build it by $30,000. This road hrd been originally aided ever the whole extent of Its lipe from Kingston to where it joined the Cansda Contral to the amouut of $3G4,000 under varlous Orders in Candlaoxoluln of the amount grauted lart year, e QGovern-- ment ald upon the portion of the road so far construoted war $211,875, leaving to the eredit of the road tae unexponded balanos of $152,925, Detuoting this balancsof former mid from the $240,000 which it was now propesed to graut, and it le't as the amoun actually to be granted thia ne:slon of Parlia: meont a sum of somethivg like $100,000. An HON. MEMBEBER--What about that pcriion ot the road baswoen the Madawarka and where is joins the Canada O.:ntral. Mr, PARDEE said it would be time enough fo co--sider tha't part of the line after the rozd had been buils to the Mida-- warka, The Company bad shown a great ameunt of abllity ana easergy in completisg the rcad so 'hrf as it had been com-- Eloled. The gen'vlemen consectsd with it ad put in a large amount of caplital, exolu-- aive of what they had gos from the Gavern.« ment and tho mun'clpslitiee; and hav. ing succeedeod as thoy had in on« struc'ing _ the _ road _ to the Mis-- rimippl River, ha had listle doubl that after reaching the Madawarka they would be able, with what asistaxce might bo given them, to complete is to the point orlglnaliy Intended, The ansual amsount m&;lrod to subsidize the tkirty miles of the Kingston road proporect war the Prinoe Arthur's Land: ing ard Keminisriqula River R«ilway Com-- peoy; fornming a connectlion between Prinoe Arthur's Lancing and Fort William, a dis: farce of six miles, The coct was estimated a%t $15,000 per mile, or a total of $90,-- M Their munisipsl bonds amount-- | cd to $25.000, for which they would | veallzs $29 500; stosk subsc:i>ed, $20,000; Government vosus, $12,000; honds ay $5,000 per mile, lees O'sscunt, $24,000, equal to a Sotal of $85,.4 00. or only $4,500 from being on a complete finsnolal basss, It was weoll known that the section of country travarsed | by the line bad largely contributred to the : revenue of the Province, and it was nok | asking to> muoh to give it $2.000 per mile, | In order to enable the company to complete | their contract. The read was under con:-- ! Bract, the biidges were comploited, and the Government aid would enaure the comple-- | tion of the lize, Theald would be from the | Ralilway Subsidy Fand, The acnual subsidy | nl mile required to pay this amoust would | $173 04 per mile. He now came to a | read that had boen the cause of a good | deal of excitement, visz, the Oredit | Valley Railway, which many people | thought shculd pot have been built as all, He did not propose t» dircars that question. This railway commences at Foronto, and it was Intended to ald it as far as Togersoll, and also on its branches from Bir--stuville to Alten, and from Catarackt to Elora. The whcle distarce covered by Goversment ald would be 152} miles, It had previously re: selved ald to the extent of $2,000 per n.l:: and it was proposed to give it an additl $1,000 per mile, 'The road was suppssed to eost, Inclmive of nm-filnstook, about $3,.-- ©12,987, er without rolling stook, $19,895 TIq00/, UR TMASNVGT IOIUDS BIOIL, $13,030 per m!le, 'The amount siready expended was $934.3790, which amount was realized from munlolpal bonusse to the exteni otf $665,379, and money raised by the company from orher souroces to t»e extent of $279,000. This woulA leave $2,078,379 to be provide4,