Secretarial practice

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Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

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TERMS OF UNION OF PRINCE EDWARD ISLAND. OrpER IN COUNCIL DATED 26th June. 1873 Ll. Canada shall be liable for the debts and liabilities of Prince Edward Island at the time of the Union. 2. That in consideration of the larger expenditure authorized by the Parliament of Canada for the construction of railways and canals and in view of the possibility of a re-adjustment of the financial arrangements between Canada and the several provinces now embraced in the Dominion as well as the isolated and excep- tional condition of Prince Edward Island that Colony shall on entering the Union be entitled to incur a debt equal to 50 dollars per head of its population as shown by the census returns of 1871 that is to say 4,701,050 dollars. 3. That Prince Edward Island not having incurred debts equal to the sum mentioned in the next preceding resolution shall oe entitled to receive by half-yearly payments in advance from the general government interest at the rate of five per cent. per annum on the difference from time to time between the actual amount of its indebtedness and the amount of indebtedness authorized as aforesaid, viz. 4,701,050 dollars. 4. That Prince Edward Island shall be liable to Canada for the amount (if any) by which its public debt and liabilities at the date of the Union may exceed 4,701,050 dollars and shall be shargeable with interest at the rate of five per cent. per annum. 5. That as the Government of Prince Edward Island holds no lands from the Crown, and consequently enjoys no revenue from that source for the construction and maintenance of local works the Dominion Government shall pay by half-yearly instal- ments in advance to the Government of Prince Edward Island 15,000 dollars per annum less interest at five per cent. per annum

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