Pacific Railroad,
approved July 2, 1862 and Acts amendatory thereof; and, in addition to
said grants of land, the United States will further guarantee dividends
of five per cent, upon the stock of the company or companies which
may be authorized by Congress to undertake the construction of said
railways; _Provided_ that such guarantee of stock shall not exceed the
sum of $30,000 per mile, and Congress shall regulate the securities for
advances on account thereof.

Article X. The public lands in the late Provinces, as far as
practicable, shall be surveyed according to the rectangular system of
the General Land Office of the United States; and in the territories
west of longitude 90 degrees, or western boundary of Canada West,
Sections sixteen and thirty-six shall be granted for the encouragement
of schools, and after the organization of the territories into the
States, 5 per centum of the net proceeds of sales of public lands shall
be paid into their treasurers as a fund for the improvement of roads and
rivers.

Article XI. The United States will pay $10,000,000 to the Hudson Bay
Company in full discharge of all claims to territory or jurisdiction
in North America, whether founded on the charter of the company or any
treaty, law or usage.

Article XII. It shall be devolved upon the Legislatures of New
Brunswick, Nova Scotia, Canada East and Canada West, to conjoin the
tenure of office and the local institutions of said States to the
Constitution and laws of the United States, subject to revision by
Congress.

SEC. 3. _Be it further enacted, etc.,_ If Prince Edward Island or
Newfoundland, or either of those Provinces, shall decline union with the
United States, and the remaining Provinces, with the consent of
Great Britain, shall accept the proposition of the United States,
the foregoing stipulations in favor of Prince Edward Island and
Newfoundland, or either of them, will be omitted; but in all other
respects the United States will give full effect to the plan of union.
If Prince Edward Island, Newfoundland, Nova Scotia, and New Brunswick
shall decline the proposition, but Canada, British Columbia and
Vancouver Island shall, with the consent of Great Britain, accept the
same, the construction of a railway from Truro to Riviere du Loup, with
all stipulations relating to the Maritime Provinces, will form no part
of the proposed plan of union, but the same will be consummated in
all other respects. If Canada shall de