The Northern Daily Times.
Liverpool, Merseyside, England, 1857-05-12 00:00:00

CANADA.

The aid proposed to be given to the Grand
Trunk has taken the grumblers at a disadvantage,
the measure is regarded ou the whole 'as a very
-fair and reasonable one, it proposes to waive the
claim of:the province to interest upon its own
debentures until the earnings of the line are suffi-
cient to pay the stockholders 6 per cent. The
annual interest .upon. the provincial debentures
issued. to the Grand Trunk will doubtless be a
heavy charge upon the piiblic chest ; but when the
value which the road has already conferred upon
the public and private lands is taken into account,
together with the ,further enhancement of said
value, the contribution will be regarded as well
applied.: - _

A wrong push is to be made by the North Shore
Rnnii for a million of acres

• The Grand Trunk Aid Bill was totbe read a
second time on the 28th ultimo. Mr. Dorion, the
leader of the Lower Canadian Opposition, was to
move resonttions which outdo the Government
grant to. the Company. -Shohld the Ministry
nor oppose the resolutions, they would be easily
carried ; under any circumstances, the Govern-
ment Bill was not expected- to meet with any seri-
ous opposition.

It ia'rumoured in London that the Queen has
beell'advised by high military authorities to select
Quebec as the perinanent seat of government,with
a view eventually to the federal union of the whole
of the British provinces.
Ist. That the circumAtar ces of the Grand Trunk Railway
Company of Canada render it necessary to grant relief to
the said Company, to enable them to complete the road to
London, inchn'ing the Victoria Bridge.

2nd. That to that end the Grand Trunk Railway Coto-
pany, by co npleting the road to London, including the
Victoria Bridge, and by accomplishing the other works
and obligations mentioned in the Act of 1856, ch. 111,
" to grant an additional aid to said, company," wig be
entirely discharged from the payment of all debentures
issued by the Province to aid in the construction of the
said road, and of all interesi; on said debentures:
3rd. That in justice to the inhabitants of the North
Shore of the St. Lawrence, between Quebec and Montreal,
and also to those on the banks of the Ottawa, who with-
out deriving any immediate and direct benefit from the
construction of the Grand Trunk Railway, shall, never-
theless, be burthened with their share of the public debts
created for its construction, it is expedient to facilitate the
construction of the Lake Huron Railway to Quebec by
granting a further delay to complete that t art of the said
railway comprised between the Ottawa and the Georgian
Bay, and by giving to the different companies mentioned
in the Act of 1856, cb. 112, " To provide for the con-
struction of a railroad front Lake Huron to Quebec," the
portions of the lands granted by the said Act to each com-
pany, on their constructing separately their respective
portions of the said railway, exclusive of that part which
is between the Ottawa and the Georgian Bay, and by
substituting to the share of lands in Upper Canada, which
would accrue to the North Shore Railway Company, an
equal quantity of lands in Lower Canada to be taken
from the unconceded lands in the Valley of the St.
Maurice.