TRAMWAY.
No. 10 of 1902.
1423
such emer-
43. The Governor in Council shall direct the payment to Fares, etc., to the company for such user as aforesaid of such fares and be paid in charges as shall be agreed on, or, if no agreement shall be come to, then the amount of the fares and charges to be paid shall be determined upon a special case.
44. Postmen and policemen in the service of the Govern- Postmen and ment on duty and in uniform shall be carried free of charge. policemen on duty and in uniform free.
Traffic upon the tramway.
45. The tramway may be used for the purpose of convey- Traffic upon ing passengers, animals, goods, merchandise, commodities, tramway. minerals and parcels.
to carry
46. Save and except passengers' luggage not exceeding Company sixteen pounds in weight or one cubic foot in measurement, may refuse the company shall not be bound to carry any animals, goods, certain goods. merchandise, commodities, minerals or parcels.
Royalties to Government.
47.-(1) The company shall not be required to pay any Royalties. royalty for ten years after the tramway has been opened for public traffic, but in consideration of the rights, powers and authorities hereby granted or conferred, the company thereafter shall pay to the Government the following royalties:-
(a) from and after the expiration of the said ten years, for the period of twenty-five years, five per cent. per annum of the profits;
(b) after the said period of twenty-five years has expired and for so long as the company shall exercise their said rights, powers and authorities, twenty-five per cent. per annum of the profits.
For the purposes of this section profits shall be the gross takings of the company less working expenses, and such working expenses shall not be deemed to include any interest or dividends upon any moneys borrowed for the purposes of the company.
(2) Any person appointed by the Government as auditor for the purpose may at all reasonable times inspect the books, papers and vouchers of the company and take notes therefrom.
TRAMWAY.
No. 10 of 1902.
1423
such emer-
43. The Governor in Council shall direct the payment to Fares, etc., to the company for such user as aforesaid of such fares and be paid in charges as shall be agreed on, or, if no agreement shall be gency. come to, then the amount of the fares and charges to be paid shall be determined upon a special case.
44. Postmen and policemen in the service of the Govern- Postmen and ment on duty and in uniform shall be carried free of charge. policemen on
duty and in uniform free.
Traffic upon the tramway.
45. The tramway may be used for the purpose of convey- Traffic upon ing passengers, animals, goods, merchandise, commodities, tramway. minerals and parcels.
to carry
46. Save and except passengers' luggage not exceeding Company sixteen pounds in weight or one cubic foot in measurement, may refuse the company shall not be bound to carry any animals, goods, certain goods. merchandise, commodities, minerals or parcels.
Royalties to Government.
47.-(1) The company shall not be required to pay any Royalties. royalty for ten years after the tramway has been opened for public traffic, but in consideration of the rights, powers and authorities hereby granted or conferred, the company thereafter shall pay to the Government the following royalties:-
(a) from and after the expiration of the said ten years, for the period of twenty-five years, five per cent. per annum of the profits;
(b) after the said period of twenty-five years has expired and for so long as the company shall exercise their said rights, powers and authorities, twenty-five per cent. per annum of the profits.
For the purposes of this section profits shall be the gross takings of the company less working expenses, and such working expenses shall not be deemed to include any interest or dividends upon any moneys borrowed for the purposes of the company.
(2) Any person appointed by the Government as auditor for the purpose may at all reasonable times inspect the books, papers and vouchers of the company and take notes therefrom.
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