The following property is not taxable

1. Property belonging to Her Majesty, or held in trust for her use; property owned or occupied by the corporation of the raunicipality in which it is situated, and the buildings in which are held the circuit courts and registry offices ;

2, Property owned or occupied by the federal or provincial government ;

8. Property belonging to Fubriques, or to religio 1s, charitable, or educational institutions or corporations, or occupied by such Fabriques, institutions or corporations for the ends for which they were established, and not possessed solely by them to derive a revenue therefrom ;

4. Burial-grounds, bishops’ palaces. parsonage houses, and their dependencies ;

5. All property belonging to iron and wooden railway companies to which a grant from the provincial government has or may be made, for the period of twenty years from the date of the first payment on account of the grant;