April 5, 1904 (9th Parliament, 4th Session)

CON

Edmund Boyd Osler

Conservative (1867-1942)

Mr. OSLER.

Seventy-five per cent of the above to be guaranteed by the government for the construction of mountain
section $ 21,000,000
And the government agrees to pay the interest on bonds so guaranteed for seven years, that is to say $630,000 per year for 7 years.. 4,410,000

But if bonds sold at 90 per cent, then to provide above $28,000,000 there would be required $31,000,000
Seventy-five per cent of above to be guaranteed by the government for the construction of mountain sec
tion [DOT] $ 23,250,000
And the government agrees to pay the interest on bonds so guaranteed for seven years, that is to say $697,500 per year for seven years.. 4,882,500

Topic:   GRAND TRUNK PACIFIC RAILWAY.
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