April 20, 1904 (9th Parliament, 4th Session)

Mr. BARKER.

Under tlie old contract the country knew pretty well where it was. We had nothing to do with the selling of the bonds under the old contract. We guaranteed them to the maximum amount of $30,000 per mile for the mountain section, and it did not matter to us in the least what the bonds were sold at. We guaranteed $13,000. per mile for the prairie section and it did not matter to us in the least what the bonds sold for.