Document Information

Date: 1866-12
By: Hewitt Bernard, John A. Macdonald, British North American Delegates
Citation: John A. Macdonald Fonds, Drafts of the London Resolutions – [Scrap Resolutions: Galr’s Financial Amendments], December, 1866 (MG 26 A, Vol. 47/1, p. 18276).
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18276

61) add the words

But [illegible illegible] this stipulation is in no respect intended to limit the powers given to the respective Governments of those Provinces by Legislative authority, but only to determine the maximum amount of charge to be assumed by the General Government.

62 + 63

In case Nova Scotia and ^[or] New Brunswick [illegible] ^[should] not have contracted debts at the date of Union equal to the amount with which they are respectively entitled to enter the Confederation they shall receive by half yearly payments in advance from the General Government the interest at five per cent on the difference between the actual amount of their respective Debts at the time of the Union and such stipulated amounts [illegible] the full amount of Debt.

64 Add

But the General Government shall have deduct from such subsidy all sums paid as interest on the Public Debt of any Province in excess of the amount provided under the 61^st Resolution.

Reverse of page:

Mr. Galt

62-62-64

amended