It is governed by eight men. four appointed by the Governor of the State. and four appointed by the Canadian Government. At the outset they issued bonds in the amount of $4.000.000 at 414 percent just prior to the beginning of the World War. Due to the immigration restrictions. tire and gasoline rationing. the difficulty in passports. and so forth. there was little traffic over the bridgd during the war period. with the result that the Commission was obliged to default on the interest on its bonds. This merely allows the Commission to reissue refundable. taxable bonds in the amount of $4.500.000 at 2% percent. paying up the interest on the old bonds and putting its financial house in order.
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immigration