Identifier: newfoundlandatbe00harv (find matches)
Title: Newfoundland at the beginning of the 20th century : a treatise of history and development
Year: 1902 (1900s)
Authors: Harvey, M. (Moses), 1820-1901
Subjects: George V, King of Great Britain, 1865-1936
Publisher: New York : The South Publishing Co.
Contributing Library: Robarts - University of Toronto
Digitizing Sponsor: University of Toronto

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[Turret Age (1893) of Newcastle-upon-Tyne in the Dry Dock St. Johns Newfoundland 1899]
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NEWFOUNDLAND. 105 The Government set to work at once to carry out the popular will with respect to the railway contract of 1898.Negotiations were opened with Mr. Reid, which resulted in the whole railway system of the colony, the telegraph lines and 3,500,000 acres of land, acquired by Mr. Reid under the railway contract of 1898, reverting to the Government upon the payment to him of $2,023,700. This was virtually the repayment to Mr. Reid of the $1,000,000 which he had paid for the reversionary interest of the railway, together with the interest upon the same to date, and the payment of the sum of $850,000 for all the land acquired him under the Railway Act, 1898. Mr. Reid entered into a new contract with the Government to operate the railway free of charge for fifty years, and the Government consented to his transferring this contract,and his remaining interests under the 1898 contract to a limited liability company, to be known as the Reid-Newfoundland Company. That company has been incorp

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