The Sun.
London, England, 1854-11-23 00:00:00

are aware that works on the sections of the railway en-
titled to the provincial guarantee have been executed to
the extent of 100,0001., I write, by direction of the
board, to the secretary of the Board of Works, and en-
close a certificate from the engineer-in-chief of the com-
pany, stating the amount of work done on each section.
I also request that the Board of Works will issue orders
to the agents of the province in London, Messrs. Glynn
and Baring, to release from their charge as agents, and
to hand to the company, the proportion that 40 per cent.
bears to the amount certified by the chief engineer.
The Board of Works instruct their officer to put him-
self in communication with the chief engineer of the
company, and also personally to visit and report upon
the works upon which the release is sought. The
railway commissioners subsequently meet and autho-
rise the receiver-general to instruct the London
agents of the province to re'ease such amounts as they,
on the report of their officer, may consider proper. This
amount, under authority of such order, is then handed
over to the company, and is lodged to its credit at its
banker's ie Landon.
"3. What is the total capital of the Grand Tr:ink
Company? What is the total number of miles of rail-
way finished and under contract ? ;That is the number
of miles entitled to the Provincial Guarantee, and total
amount of such guarantee ?---The total capital of the
Grand Trunk Company is 9,500,0001. The miles of
railway finished and under contract, are 1,112, viz. :
Montreal to Portland, 292; Quebec
to Trois Pistoles, 153;
Quebec to Richmond, 100 ; Montreal to Toronto, 345;
Belleville to Peterborough, 50 ; Toronto to Smnia, 172.
Of these the section,—from Montreal to Portland, is
open, the Quebee, and Richmond about to be opened,
and 290 miles will be finished next year,—in the fol-
lowing year, 297. The company temporarily suspends
233 miles, The number of miles entitled to the guaran-
tee is 724, and those not entitled to the guarantee, 388.
The amount of the guarantee is 1,811,5001.
24. Can you state the amount of money paid by the
shareholders of the Grand Trunk Railway Company, on
account of shares, provincial bonds, and company's bonds,
up to the latest period to which you have an account?-
3,721,9001. This includes the capital paid for the Quebec
and Richmond, and St. Lawrence and Atlantic line.
25. Can you state the amount expended by the com-
pany, on the Montreal and Toronto, and Quebec and
Trois Pistole sections of the Grand Trunk Company, and
how much has been received on account of the guarantee
from the Government ?—The amount expended is
1,296,423/. The amount released by the province,
310,000/.

26. What are the names of the-English and Canadian
Contractors I—The names of the English contractors are
Messrs. Brassey, Peto, Betts, and Jackson. The Cana_
dian contractors are Messrs. Gzeivskl, Galt, Holton, and
Macpherson.
27. What is the amount of capital subscribed by private
shareholders, what percentage paid thereon, what do
they receive as an equivalent for their payments I—The
total capital subscribed on the Grand Trunk proper is
8,083,600/., and the amount paid on such capital is
2,171,9001., of which a very small proportion is paid in
Canada. On 7,246,0001. of this capital the shareholders
receive share certificates at the rate of one share for each
251., and they also receive debenture certificates, which
specify on the face of them the amount paid up. The
debenture certificate also contains an undertaking on
the part of the company that when the calls on certifi-
cate are paid in full, the holder will be entitled to ex-
change is for a province debenture, or company's de
benture, as the case may be. The proportion which
each share subscribed entitles the holders to is, that
each 251. of share capital carries with it a right of 25/. of
debentures, of which 12/. 10s. is province debentures,
'and 12/. 103. is company's debentures, The 837,600/.
capital remaining to make the 8,083,6001. does not
carry province debentures.

og. Would you explain bow is the entire capital of
the Grand Trunk Company distributed, and how much
of the Fame paid in full ?—Tho total capital is
9,500,0001. Of thi.2, as I have already stated,
8,033,6001. was the portion required to be raised in
London in April, 1353. This capital consisted of
stock, 4,131,4001., company's bonds, 2,090,7001., and
province debentures, 1,811,5001, ; of this capital there
has been paid up on stock, 883,1561. company's
Bonds, 553,3271., and province debentures, 735,4171.,
605,8001., of bonds, have been issued, viz., 67,5001. on
account of the St. Lame ice and Atlantic Section,
250,0001. on account of tiro Quebec and Richmond,
283,300/. on account of the Montreal and Toronto and
Quebec and Trois Pistoles secti.ms ; in all, 605,800/. The
balance which is in the hands of the agents of the pro-
vince is 425,416/, The r..nnainirg portion of the
9,500,000/. consists of capital raised prior to the amal-
gamation by the following companies :—St. Lawrence
arid Atlantic—share, 246,0001,, bonds of the province,
400,0001., and other bonds, 233,0001.; total, 879,1001.
Quebec and Richmond shares, 305,0001., bonds 100000/.,
Toronto and Guelph shares, 132,3001. ,
29. Can you divide the expenditure of the 2,171,9001.
on the several sections ?—Not very precisely as regards
some, without referring to the books of the company
and to our other documents which are at Montreal. Ap-
proximately I can inform the committee that 430,0001.
have been expended on the section between Toronto and
Sarnia (in addition to the amount paid on the Toronto
and Guelph shares, which is about 126,0001.). On the
St. Lawrence and Atlantic line 315,0001. On the Rich-
mond 50,0001. On the Victoria-bridge Iro,oool. I can
give the precise sums that have been spent on the Mon-
treal and Toronto and on the Quebec and Trois Pistoles,
which are the sections that are entitled to the provincial
guarantee. Toronto and Montreal 1,131,063/. Quebec
and Trois Pisteles, 165,350/,