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.

114. [Debt of Nova Scotia.] Nova Scotia shall be liable to Canada for
the Amount (if any) by which its Public Debt exceeds at the Union Eight
million Dollars, and shall be charged with Interest at the Rate of Five
per Centum per Annum thereon.

115. [Debt of New Brunswick.] New Brunswick shall be liable to Canada
for the Amount (if any) by which its Public Debt exceeds at the Union
Seven million Dollars, and shall be charged with Interest at the Rate
of Five per Centum per Annum thereon.

116. [Payment of Interest to Nova Scotia and New Brunswick.] In case
the Public Debts of Nova Scotia and New Brunswick do not at the Union
amount to Eight million and Seven million Dollars respectively, they
shall respectively receive by half-yearly Payments in advance from
the Government of Canada Interest at Five per Centum per Annum on the
Difference between the actual Amounts of their respective Debts and
such stipulated Amounts.

117. [Provincial Public Property.] The several Provinces shall retain
all their respective Public Property not otherwise disposed of in this
Act, subject to the Right of Canada to assume any Lands or Public
Property required for Fortifications or for the Defence of the Country.

118. [Grants to Provinces.] The following Sums shall be paid yearly by
Canada to the several Provinces for the Support of their Governments
and Legislatures:

Dollars.
Ontario . . . . . . . . . . Eighty thousand.
Quebec . . . . . . . . . . .Seventy thousand.
Nova Scotia . . . . . . . . Sixty thousand.
New Brunswick . . . . . . . Fifty thousand.
------------------
Two hundred and sixty thousand;