108. [Transfer of Property in Schedule.] The Public Works and Property
of each Province, enumerated in the Third Schedule to this Act, shall
be the Property of Canada.
109. [Property in Lands, Mines, &c.] All Lands, Mines, Minerals, and
Royalties belonging to the several Provinces of Canada, Nova Scotia,
and New Brunswick at the Union, and all Sums then due or payable for
such Lands, Mines, Minerals, or Royalties, shall belong to the several
Provinces of Ontario, Quebec, Nova Scotia, and New Brunswick in which
the same are situate or arise, subject to any Trusts existing in respect
thereof, and to any Interest other than that of the Province in the
same.
110. [Assets connected with Provincial Debts.] All Assets connected with
such Portions of the Public Debt of each Province as are assumed by that
Province shall belong to that Province.
111. [Canada to be liable for Provincial Debts.] Canada shall be liable
for the Debts and Liabilities of each Province existing at the Union.
112. [Debts of Ontario and Quebec.] Ontario and Quebec conjointly shall
be liable to Canada for the Amount (if any) by which the Debt of the
Province of Canada exceeds at the Union Sixty-two million five hundred
thousand Dollars, and shall be charged with Interest at the Rate of Five
per Centum per Annum thereon.
113. [Assets of Ontario and Quebec.] The Assets enumerated in the Fourth
Schedule to this Act belonging at the Union to the Province of Canada
shall be the Property of Ontario and Quebec conjointly.
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