Railway development.

Projected lines, surveys, construction, betterments, etc.

...

Lake Erie and Northern Ry.—Application is being made to the Dominion Parliament to increase the company's bonding powers from $30,000 to $45,000 a mile, and authorizing the borrowing of money for the acquisition, construction, extension or development of any property, assets or works other than the railway.

There is no truth in the report, officials of the company in Brantford state, that the company's franchise has been acquired by the C.P.R. The line was projected, according to the company's prospectus, to give connection to the various municipalities with the C.P.R. at Galt.

Construction of the line is suspended, but it is expected that the contractors will start work again early in March. (Jan., pg. 21.)

Railways: C.P.Ry., L.E. & N.Ry.

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