Council met with representatives of the Burrard Inlet and Fraser River Valley Railway Company, who were requesting a bonus of $300,000 and explained how they intended to expend that sum. Council decided to grant that sum by purchasing stock in the company. Since the present company had no power to make this decision final, the question will be taken up again on Monday 28th.
This transcript was made in 2017 by Transcribimus volunteer Krystyna Richards
and sponsored by the Woodward family
original handwritten minutes here
City of Vancouver Archives
Series 23-A Volume 4 pages 717 only
[Volume 4, page 17]
Vancouver, March 24th 1892
The Council met on Thursday, March 24, 1892 at 2pm for the purpose of considering the granting of a bonus to the Burrard Inlet and Fraser River Valley Ry. Co.
Present: His Worship, the Mayor and Aldermen Connon, Anderson, Scoullar, McGuigan, McCraney, Odlum, Franklin and Mills; Also the City Solicitor and J.A. Florin, E.E. Rand & A.G. Ferguson.
The Council went into Committee of the Whole to allow of free discussion.
Alderman Franklin was appointed Chairman.
A communication was read from the Company asking a bonus of $300,000 from the City.
E.E. Rand and J.A. Florin spoke on behalf of the Company and outlined the manner in which they intended expending the said bonus.
After hearing discussions pro and con it was moved by Alderman McGuigan
Seconded by Alderman Mills.
That the City Solicitor be instructed to meet the Solicitor of the Railway Co and prepare a provisional agreement between the City and Company setting forth the conditions and details connected with the bonus of $300,000 which said Company wants from the City and that the said provisional agreement be laid before the Council next Monday evening for consideration.
Moved by Alderman Scoullar (in amendments)
Seconded by Alderman McCraney
That the sum be left blank.
Motion carried
The Council decided to expend the bonus by securing stock in the Co to the amount of the proposed bonus.
As the representatives present had not the power to agree to this, the Council adjourned to take the question up again on Monday.
Thos. McGuigan, City Clerk
F. Cope, Mayor
