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Guarantee Act
The ''Railway Guarantee Act'' was introduced in the Parliament of the Province of Canada by Finance Minister Francis Hincks, who was also the President of the Great Western Railway (Ontario), Great Western Railway of Canada. The Act encountered little opposition during the course of its passage, despite the prevailing Panic of 1847, depression. It empowered the Government to guarantee the interest on loans to be raised by any railway chartered by the Legislature for the construction of any line at least 75 miles long within the Province, provided that: #the rate of interest guaranteed did not exceed 6% #the sum on which the interest was guaranteed did not exceed the amount expended before the guarantee was given, and should be sufficient to complete the construction in a fitting manner (provided that no such guarantee would be given until at least half the line was completed) #the payment of the interest guaranteed would be the first charge on the tolls and profits of the company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Province Of Canada
The Province of Canada (or the United Province of Canada or the United Canadas) was a British North America, British colony in North America from 1841 to 1867. Its formation reflected recommendations made by John Lambton, 1st Earl of Durham, in the Report on the Affairs of British North America following the Rebellions of 1837–1838. The Act of Union 1840, passed on 23 July 1840 by the British Parliament and proclaimed by the Monarchy of Great Britain, Crown on 10 February 1841, merged the Colonies of Upper Canada and Lower Canada by abolishing their separate parliaments and replacing them with a Parliament of the Province of Canada, single one with two houses, a Legislative Council of the Province of Canada, Legislative Council as the upper chamber and the Legislative Assembly of the Province of Canada, Legislative Assembly as the lower chamber. In the aftermath of the Rebellions of 1837–1838, unification of the two Canadas was driven by two factors. Firstly, Upper Canad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francis Hincks
Sir Francis Hincks, (December 14, 1807 – August 18, 1885) was a Canadian businessman, politician, and British colonial administrator. An immigrant from Ireland, he was the Co-Premier of the Province of Canada (1851–1854), Governor of Barbados (1856–1862), Governor of British Guiana (1862–1869) and Canadian Minister of Finance (1869–1873). Early life Born at Cork in Ireland, he was the ninth and youngest child of the Rev. Thomas Dix Hincks, a Presbyterian minister and scholar, and his wife Anne (née Boult). Two of his older brothers, Edward Hincks and William Hincks, followed their father's footsteps as noted scholars and clergy. Francis was also intended for a career as a clergyman and was educated at the Royal Belfast Academical Institution. However, he found himself more interested in business, starting in Belfast, with commercial ties to the West Indies. It was at Belfast that he married his first wife. Two weeks after their marriage, they set sail for th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Western Railway (Ontario)
The Great Western Railway was a railway that operated in Canada West, today's province of Ontario, Canada. It was the first railway chartered in the province, receiving its original charter as the London and Gore Railroad on March 6, 1834, before receiving its final name when it was rechartered in 1845. At its peak, the Great Western system stretched with its main operating base in Hamilton. The city at the head of Lake Ontario was pivotal in opening up the unpopulated and heavily wooded interior of what was then known as Canada West. A substantial part of its revenue was from serving as a bridge line between the New York Central and Michigan Central Railroads, making it significant in North American history. Its lines remain in use, part of Canadian National Railway's network. History Sir Allan MacNab was the driving force behind the financing of the railway in Canada (and less so in the United States and England), although he was pushed out of the company in 1854. Entrepr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
