. Canadian forest industries 1903. Lumbering; Forests and forestry; Forest products; Wood-pulp industry; Wood-using industries. December, 1903 THE CANADA LUMBERMAN 25 PULP1 MILL LITIGATION ENDED. After having been in litigation for over two years, the case of the Maritime Sulphite Pulp Company with the Royal Trust Company,Hugh Robertson, and the Bartk of Montreal, was finally settled at St. John, N. B., on October 27th. A settlement was made by which the liquidators, in consideration of $15,000 in cash, handed over all their interest in the real and personal property of the pulp mill and con-
. Canadian forest industries 1903. Lumbering; Forests and forestry; Forest products; Wood-pulp industry; Wood-using industries. December, 1903 THE CANADA LUMBERMAN 25 PULP1 MILL LITIGATION ENDED. After having been in litigation for over two years, the case of the Maritime Sulphite Pulp Company with the Royal Trust Company,Hugh Robertson, and the Bartk of Montreal, was finally settled at St. John, N. B., on October 27th. A settlement was made by which the liquidators, in consideration of $15,000 in cash, handed over all their interest in the real and personal property of the pulp mill and con- sented to a decree of foreclosure and sale of the mortgaged premises. In addition to $15,- 000, the Bank of Montreal agreed with Messrs. Stewart, Lee and Bruce, who had large claims against the company, not to rank against the estate as creditors. Judge McLeod, judge in the liquidation pro- ceedings, on the application of tha liquidators, agreed to this settlement and later the solici- tors and counsel of each party appeared before Judge Barker, judge in equity, and had a decree of foreclosure consented to. Under the settlement eaeh party pays its own costs. It will be remembered that lumbermen doing business in Northumberland counry, who had furnished lumber and pulp wood to the mill up to the time ot the suspension,filed a protest against an assignment of the Crown timber licenses which were held by the com- pany, and which were alleged to have been assigned to the Royal Trust Company and Hugh Robertson some months before the sus- pension of the concern, but of which no notice was given to the Crown Lands Department. It is understood that under the agreement of settlement the sum of $10,565 has been paid to the lumbermen on account of their claims, and their protest has been withdrawn from the Crown Lands office. The licenses of these lands will issue to the assignees of the Maritime Sulphite Fibre Com- pany. The money mentioned has been de- posited to the credit of the liqui
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Keywords: ., bookcentury1900, bookdecade1900, booksubjectforestsandforestry
