July 24, 1911 (11th Parliament, 3rd Session)

LIB

Mr. GRAHAM: (Minister of Railways and Canals)

Liberal

1. A large deposit was thought necessary and each tenderer was asked to deposit a
cheque for $500,000. The following cheques were received: The Maschineniabrik Augs-burg-Nuremberg, A.G. accepted cheque for $500,000 on the Canadian Bunk of Commerce payable, to the Minister of Railways and Canals and signed by the manager of the bank; The Pennsylvania Steel Company, accepted cheque for $500,000 on the Bank of Montreal, payable to the Minister of Railways and Canals, signed Pennsylvania Steel Company, per Edward M. Smith; The British Empire Company, accepted cheque for $500,000 on the Bank of Montreal payable to the Minister of Railways and Canals signed by tne manager and accountant; The St. Lawrence Bridge Company, two accepted cheques of $250,000 each ($500,000) on the Bank of Montreal, payable to the Minister of Railways and Canals, one signed by the Dominion Bridge Company, Limited and the other by the Canadian Bridge Company, Limited.
2. The British Empire Company's deposit was an accepted cheque for $500,000 on the Bank of Montreal.
3. Cheques of the Maschineniabrik Augs-burg-Nuremberg A. G. the Pennsylvania Steel Company the British Empire Company were received on the 30th September, 1910, and that of the St. Lawrence Bridge Company, on the 1st October, 1910. Cheques were returned to the unsuccessful tenderers on the 6th April, 1911.
4. Received on the 30th September and returned on the 6th April.
5. No. Interest is not paid on such deposits, but interest is allowed to the successful tenderer when the contract is awarded and the cheque has been sent to the Finance Department,
6. Answered by Number 5.

Topic:   QUESTIONS.
Subtopic:   THE QUEBEC BRIDGE.
Full View