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shall be the property of Canada, and shall be taken in reduction of the amount of the respective debts of the Provinces at the Union.
108. The public works and property of each Province, enumerated in the third Schedule to this Act, shall be the property of Canada.
Transfer of property in schedule.
THE THIRD SCHEDULE.
Provincial Public Works and Property to be the Property of Canada. 1. Canals, with Land and Water Power connected there.
with. 2. Public Harbours (2). 3. Lighthouses and Piers, and Sable Island. 4. Steamboats, Dredges, and public Vessels. 5. Rivers and Lake Improvements (a). 6. Railways and Railway Stocks, Mortgages, and other
Debts due by Railway Companies (b). 7. Military Roads. 8. Custom Houses, Post Offices and all other Public Build
ings, except such as the Government of Canada appropriate for the use of the Provincial Legislatures and
Governments. 9. Property transferred by the Imperial Government, and
known as Ordnance Property (c). 10. Armouries, Drill Sheds, Military Clothing, and Muni
tions of War, and Lands set apart for general public
purposes. Property in
109. All lands, mines, minerals, and lands, mines,
royalties belonging to the several Provinces of Canada, Nova Scotia and New
ted with Provincial debts.
liable for Provincial
Brunswick at the Union, and all sums then due or payable for such lands, mines, minerals, or royalties, shall belong to the several Provinces of Ontario, Quebec, Nova Scotia, and New Brunswick in which the same are situate or arise, subject to any trusts existing in respect thereof, and to any interest other than that of the Province in the same.
110. All assets connected with such Assets connecportions of the public debt of each Province as are assumed by that Province shall belong to that Province.
111. Canada shall be liable for the Canada to be debts and liabilities of each Province debts. existing at the Union.
112. Ontario and Quebec conjointly shall be liable to Canada for the amount
Quebec. (if any) by which the debt of the Province of Canada exceeds at the Union sixty-two million five hundred thousand dollars, and shall be charged with interest at the rate of five per centum per annum thereon.
113. The assets enumerated in the Assets of
THE FOURTH SCHEDULE.
Debts of Ontario and
Debt of Nova Scotia.
114. Nova Scotia shall be liable to Canada for the amount (if any) by which its public debt exceeds at the Union eight million dollars, and shall be charged with interest at the rate of five per centum per annum thereon.
Debt of New
115. New Brunswick shall be liable to Canada for the amount (if any) by which its public debt exceeds at the Union seven million dollars, and shall be charged with interest at the rate of five per centum per annum thereon.
116. In case the public debts of Nova Payment of Scotia and New Brunswick do not at the and New Union amount to eight million and seven million dollars respectively, they shall respectively receive by half-yearly payments in advance from the Government of Canada interest at five per centum per annum on the difference between the actual amounts of their respective debts and such stipulated amounts.
117. The several Provinces shall re- public protain all their respective public property not otherwise disposed of in this Act, subject to the right of Canada to assume any lands or public property required for fortifications or for the defence of the country.
118. The following sums shall be Grants to paid yearly by Canada to the several Provinces for the support of their Governments and Legislatures :
Eighty thousand. Quebec
Seventy thousand. Nova Scotia - Sixty thousand. New Brunswick - Fifty thousand.
Two hundred and sixty thousand ; and an annual grant in aid of each Province shall be made, equal to eighty cents per head of the population as ascertained by the Census of one thousand eight hun
Further grant to New Brunswick
dred and sixty-one, and in the case of Nova Scotia and New Brunswick, by each subsequent decennial Census until the population of each of those two Provinces amounts to four hundred thousand souls, at which rate such grant shall thereafter remain. Such grants shall be in full settlement of all future demands on Can ada, and shall be paid half-yearly in advance to each Province;-but the Government of Canada shall deduct from such grants, as against any Province, all sums chargeable as interest on the Public Debt of that Province in excess of the several amounts stipulated in this Act.
119. New Brunswick shall receive by half-yearly payments in advance from Canada for the period of ten years from the Union an additional allowance of sixty-three thousand dollars per annum ; but as long as the Public Debt of that. Province remains under seven million dollars, a deduction equal to the interest at five per centum per annum on such deficiency shall be made from that allowance of sixty-three thousand dollars.
120. All payments to be made under this Act, or in discharge of liabilities created under any Act of the Provinces of Canada, Nova Scotia, and New Brunswick respectively, and assumed by Canada, shall, until the Parliament of Can
Form of payments.