It will be stated more definitely, probably, in the Bill. The route has not been altogether approved bv the Railway Department, but most of it has
been. The company will create terminals in the city of Montreal.
Now, as to the provisions of the resolution: In the first place, it is a 3J per cent, fifty-years bond that is guaranteed 'by the government. The road is to have 80 pound rails, and be a good standard road* with modern bridges. The bonds are to be guaranteed by the government, but the Canadian Northern Company adds its guarantee, and stands between the ^government and any possible loss.
Subtopic: CANADIAN NORTHERN RAILWAY-GUARANTEE OF BONDS.