Railway finances, meetings, &c.

...

Pontiac Pacific Junction.—It was rumored in Ottawa recently that the C.P.R. was negotiating for a lease of this line to provide a short route between Ottawa & Pembroke, & other places up in that locality. The inauguration such a service when the P.P.J. extension from Aylmer to Hull is completed, would mean the shortening of the distance from Ottawa to Pembroke by 13 miles. The P.P.J. now terminates at Waltham, opposite Pembroke, & the river would have to be bridged. The Canada Atlantic has recently taken over the Pembroke Southern Ry. connecting with its main line at Golden Lake, & is putting a through service from Ottawa to Pembroke, the distance being about the same as by the C.P.R. Competition between the lines at Pembroke, as at other points, is keen, & both arc naturally anxious to provide a quick service over as short a line as possible. Supt. Resseman, of the P.P.J., says he has no knowledge of the negotiations referred to & we are advised by the C.P.R management that there is no foundation for the rumor.

A special meeting of shareholders will be held in Montréal, Dec. 14, for the purpose of authorizing the issuing of $180,000 interim bonds of the Co., given as collateral security in connection with a contract entered into for building a further 9 miles of its railway, from Aylmer to Hull, & confirming directors' action in acceptance of the contract.

Railways: P. P.Jct.Ry.

Results