# British North America Act 1867, Section 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.

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Source: https://www.legislation.gov.uk/ukpga/Vict/30-31/3/section/112 (the official version)
Page: https://openlegislation.uk/british-north-america-act-1867/section-112
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.