New-York tribune., 1901-02-24
MANITOBA RAILWAY POLICY.
PREMIER Robin OUTLINES IT AT A PUB.
Lie DINNER-GOvERNNIENT TAKES
LEASE OF ALL NORTHERN PA
CIFIC LINES IN PROVINCE

Winnipeg. Man. Feb. % (speciaD.-At the ban.
quet given TO Manitobas Provincial Treasurer
recently. at Neepawa. Premier Robin announced
the Governments railway policy which has been
anxiously awaited. Mr.. Davidson the Provincial
Treasurer spoke first and said he fully approved
the bargain Premier Robin said the bargain was
as follows; The Northern Pacific leases all its
Manitoba lines to the Provincial Government.
Ihese lines are the Northern Pacific and Manitoba
Railway, the Winnipeg Transfer Railway the
Portage and Northwestern Railway and the Was
kada and Northeastern. The lease is for s99 years
The rental paid by the Government for the first
ten years is s21OO0O for the second ten S225OO for
the third ten S215O0O and for ths rest of the term
S0Oo'uOO year The contract gives the Government
an option Of the purchase OF the lines al any time
during the term for S7OO0OO0 The total mileage
Is sol miles. Included in the property leased and
uhuer option or purchase is all the rolling stock.
equipment and real and personal property.
me government has made agreement with the
CANADIAN Northern Railway, assigning TO that com
pahy ooth its lease and options OF purchase. and
the company covenants TO nav annual rentals and
10 indemnify the Government against all losses.
costs and expenses. The company also gives to the
Government absolute control OF all the freight
rom points on the company's lines in Manitoba to
Fort Arthur and from Port Arthur to all points on
lhe hnes In Manitoba. The ACKNOWLEDGEMENT IN
Council is TO fix the rates TO be charged. The
Kings Bench Court OF Manitoba has the final juris-
d!cton 70 decree the specific performance by tns
company of the contract. This power TX rates
expires June so, 1880 The company also agrees to
reduce its Manitoba passenger rates to not exceed
ing three cents mile.
Premier Robin said II was the solution Of ths
railway problem in Manitoba and gave the peopo
control OF the situation IN for the conces-
sions the Government guarantees the bonds or the
Canadian Northern's Rainy River branch from
Fort Arthur TO Rainy River through a dlhGu..
country for $40 600 mile at the of per cent
year. The bonds are payable June 80 1880. and are
not to be issued until the lines are constructed az
operated. and not until the present outstai"tt--s
bonds are delivered in exchange For 1srry ms |
Government obtains mortgage on all the ptOpott,b
and leases and also upon the lease and opuoh W. W,
the Northern Pacific Railroad. In case me nnSs nnSr
more than pay operating expenses the Coy
is responsible for rentals to be paid the N0teSIs
Pacific Railroad and also for interest on the oon oo.l
The company fOrgoes its exemption Irom taA'rm sum
In Manitoba after the year 1893 and pays ~ q NOT
fixed by the Lieutenant-Governor N COunDN Ou Mani
exceeding per cent OF gross earnings on lt2
toba lines. The company may not aIhtis~ nool-
with the Canadian Pacific Railroad or mass Iou,-
ing arrangement with that line FtnaIy tts ~. sur
pany grants the Government the option OF s EI92s
chase Of the entire property during tne Sss,,red
for par value. The Government has tnus ,, MS
control Of rates for Manitoba and opuoh VI =
chase.