Province of Ontario, Canada - 1874 dated $100 Bond
Inv# FB6652 Bond
$100 6% Bond printed by Claudius Tidey, Printer, Norwich, Ontario. "In aid of the Port Dover and Lake Huron Railway". Large size measures 17" x 11 1/4".
Port Dover & Lake Huron Railway Company (PD&LH) had established itself in Port Dover in 1875, three years before the belated arrival of the H&LE/H&NW. The PD&LH's forerunner, the scandal-ridden Woodstock & Lake Erie Railway and Harbour Company, had been created in 1848 by Woodstock interest, to build "either a track iron or wood railroad or way over any part of the country lying between the Town of Woodstock and the harbours of Port Dover and Port Burwell inclusive on Lake Erie". Revived in 1872 as the PD&LH, the road was completed (using the Standard 4' 8 1/2" Gauge) from Port Dover via Simcoe to Woodstock by the end of 1875, making judicious use of the earlier earth works. (It crossed the GWR Air Line just north of Simcoe and passed out of Norfolk County at La Salette, intersecting there with the Canada Southern Railway). In 1875 the federal government sold the Port Dover Harbour facilities to the railway for a nominal figure. In 1876, the line was opened further to Stratford, and the "Lake Huron" component (actually Harriston, Chesley and Wiarton) of the route was completed by means of the Stratford & Lake Huron Railway, which leased its operations to the PD&LH.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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