Sessional Papers of the Legislative Assembly of the Province of Ontario Volume 26, No. 7

Sessional Papers of the Legislative Assembly of the Province of Ontario Volume 26, No. 7

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ...and instalment...... $214,900 with the use of a good gravelled road in 1889. The London Free Press says of these figures: "Judge Woods places the matter of bettering our roads in a clear intelligent light, on purely mathematical and financial principles." But until the law is changed with respect to statute labor, we must provide a system that will supply that of the old toll roads, whose days are numbered, and give us good free roads. This may be done under the second head, viz., by borrowing, say $500,000. The interest on this at five per cent. would be $25,000. The assessed value of property in the county is $25,000,000. A rate of only one mill on the dollar would be necessary to raise this sum, which would be an average of only $1 on each 100-acre farm, valued at $1,000, and this I learn is the average assessed value of farms in the county--as the value of the farm would be higher or lower so would be the rate, which might go from 50 cents per farm to $5 or $10. At $2,000 a mile this would give us 250 miles of road at once, taking in almost every road in the county. Money can be got at 4 per cent., and the Globe thinks the Toronto debentures should be sold at 3 per cent. It would take by equal payments $27,400 annually to pay of the p'ri'nc1'.pal and interest in 50 years at 5 per cent. What a prospect for Kent, 250 miles of good gravelled road at an average of $1 a year to pay for them out and out, and even this low rate liable to be reduced by the increase in population. Why should not the council take this step at once and make Kent the finest county in the Dominion? We have no county debt and this would not only be an honor but an incalculable benefit to us. Then there is the third proposition. which, failing the...
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Product details

  • Paperback | 462 pages
  • 189 x 246 x 24mm | 816g
  • United States
  • English
  • black & white illustrations
  • 1236941942
  • 9781236941947