The House will not fail to perceive, on reference to the above table, that at the end of three years, the 4,000 heads of families located in the first year will be called upon to pay 2,0001.; and upon the fact and facility of that payment will depend the probability of future annual payments being realized according to the scale proposed. In the fourth year the first set of emigrants will have to pay 4,000l., and the second set 3,000l. and so on. It will also be observed, that under this table the settler is not called upon to make any repayment until he has been actually located for the space of three years, reckoning 1828 as the year of his location. He is in 1831 to pay in money or produce the value of 10s.; and each succeeding year an additional 10s., until the annual payment amounts to 57., when it is to remain stationary and no longer to be paid in kind but in money. Your Committee propose that the emigrant should at all times have the option of redeeming the whole of his annual payment; but that he should also have four special opportunities of redeeming portions thereof. If he were to have at all periods the opportunity to redeem a portion, it might produce complexity in the accounts. He might be allowed to redeem one quarter, one-half, or three-fourths of this annuity payment at his own option, at the stated periods, and this permission would operate as a stimulus to his industry. It is superfluous to remark that, in case of his non-redemption, the proposed scale of annual payments for thirty years will of course redeem the original 607. advanced in his location. XVI. Average Estimate of the Expense of settling a Family, consisting of one Man, one Woman, and three Children, in the British North American Provinces; distinguishing the various Items of Expenditure. Expenses of conveyance from the port of disembarkation to place of location Provisions, viz. rations for 15 months for 1 man, 1 woman and 3 children, at 1 lb. of flour and 1 lb. of pork for each adult, and half that quantity for each child, making 3 rations per diem, pork being at 41. per barrel and flour at 17. 58. per barrel Freight of provisions to place of settlement House for each family £10 0 0 40 6 10 1 10 10 200 XVII. Prospectus of the New Brunswick Company. (From the Liverpool Courier, June 8th, 1831.) The company has been formed with the view of purchasing extensive tracts of land in the Province of New Brunswick; of bringing those lands into cultivation by the labour of emigrants from Great Britain and Ireland; of facilitating the emigration of families, and of assisting them upon their landing and first settlement in the colony. To accomplish these objects, it is proposed to raise a capital of 1,000,000l. by a distribution of 20,000 shares of 501. each. No proprietor to hold less than 2 or more than 100 shares each. Each proprietor to pay 21. per share upon becoming a subscriber, and a further sum of 31. per share on executing the deed of settlement, or when called for by the directors within twelve months further calls not to exceed 57. per share in any one year. : As soon as the affairs of the company are sufficiently matured, it is intended to apply to the crown for a charter of incorporation. The Province of New Brunswick contains vast tracts of fertile forest lands, watered by numerous rivers, for several of which tracts the company are in treaty; and they are enabled confidently to state, from information grounded on experience and acquired by persons practically acquainted with the province, that it not only produces all the kinds of green and white crops common to England, but that it is particularly well adapted for the culture of hemp and flax, with a climate perfectly congenial to British constitutions and habits, while it will at the same time require only a moderate share of the labour of able-bodied emigrants, with a small amount of capital, to bring the purchases contemplated by the company into a high state of cultivation. Nor is the experience by which they are influenced confined to the result of a few individual instances, as experiments have been made on a larger scale in establishing the New Bandon and Cardigan Settlements in New Brunswick, and by the Earl of Selkirk in the contiguous colony of Prince Edward's Island. The Canada Company, whose lands are at a far greater distance from the parent state, and who have consequently had more inconveniency and expense to contend against, have fully realized the most sanguine expectations of the proprietors. Indeed, the productiveness of the new settlements of Canada has awakened the curiosity and alarmed the jealousy of the Congress of the United States; yet, in agricultural resources, New Brunswick is by no means inferior to Canada, while it is far more conveniently situated for the importation of the necessaries required by an infant settlement, as well as for the exportation of its produce, New Brunswick being less distant from Great Britain than New York, and one-fourth nearer than any part of the United States where lands can be obtained by emigrants, while the ports in the Bay of Fundy are not closed by the ice in the winter. The extent of the company's purchases will enable them to make suitable arrangements in this country, both with persons possessed of capital willing to emigrate, and with parishes or districts desirous of sending to the British Colonies their able-bodied paupers, for whom they cannot find employment, and the relief of whose necessities presses so heavily on the interest of the United Kingdom. The company will be able to give immediate employment to able-bodied paupers in the opening of roads, clearing of lands, erecting of houses, mills, &c., it being the want of such immediate employ which proves so distressing to emigrants on their first arrival. The company will afford every facility and assistance to officers of the military and naval service, and retired officers of the civil service, who, wearied under listless want of occupation, may be desirous to emigrate and settle in the British America for the purpose of increasing, by industry and exertion, their present incomes, and securing to their offspring a comfortable independence. The company will have competent agents residing in New Brunswick to superintend their affairs, and a sufficient number of commodious and well appointed vessels will be provided to ensure the punctual fulfilment of all their engagements. A medical officer will accompany each vessel, and attend the emigrants until settled upon the lands to be assigned to them. Under these circumstances, while the company can confidently hold out to the capitalist a secure and advantageous return for his investment, they can also justly claim the co-operation of the patriotic and humane, from the conviction that, by the aid of this company, parishes now burdened by a superabundant population may be relieved speedily and economically, and at the same time settlements essential to the British will be rising up to the north of the United States, calculated to be of important service to Great Britain in her political and commercial relations. Another important advantage resulting to the public will be that of affording correct information to persons desirous of emigrating, thereby preventing the calamities which those invariably experience who are inveigled by a class of men who exist by plundering the unwary, and inducing them to emigrate in ill appointed and crowded ships, merely for the gains of passage-money, and whose frauds are not detected till it is too late to obtain redress. Subscription books are now open for shares in the New Brunswick Company. Resolved, that 3,000 shares having been already subscribed for, the managing directors shall have power to allot, among such applicants as they may deem eligible, any further number of shares, not to exceed 12,000, and the remaining 5,000 unappropriated shares shall be disposed of by the directors in such manner as in their opinion will best advance the objects of the company. Applications for shares to be made to the managing directors at the banking-houses of Messrs. Fletcher, Roscoe, Roberts, and Co.; the Bank of Liverpool; and at the Office of Messrs. Lowndes and Robinson, Solicitors, Brunswick Street, where books are opened for that purpose, and all further information may be obtained by applying (if by letter post paid) to the managing directors at their office, 19, Water Street, Liverpool. |