Railway development.

Projected lines, surveys, construction, betterments, etc.

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Lake Erie and Northern Ry.—A special meeting of shareholders will be held at Montréal, Aug. 4, to pass resolutions leasing the line to the C.P.R.; cancelling a mortgage securing $500,000 of second mortgage bonds; authorize an issue of bonds in aid of construction and enter into a necessary mortgage to secure any new issue of bonds authorized.

Construction is progressing. The section between Brantford and Galt is almost ready for operation. Considerable work is being done in Brantford, the principal portion of which is in the vicinity of the Lorne bridge, where considerable alterations are required to give the line a right-of-way. There is a good deal of work yet to be done between Brantford and Waterford, owing to the fact that construction was held up on account of negotiations, which proved fruitless, being on for the use of the section has been resumed, and rapid progress is being made with the grading and bridge work. The section between Waterford and Port Dover is nearly ready for tracklaying, but it is not expected that this will be started until the Brantford-Waterford is completed.

U.S. press reports state that it is proposed to run a car ferry service to Port Dover in connection with the line, from Erie, Pa., and that negotiations are in progress with the Pennsylvania Rd. for water front and dock space. (July, pg. 323.)

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

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