das will no longer be neglected. The tent of the wandering hunter must give place to the settled habitations and villages of civilized men ; the solitary moose deer to herds of cattle, rich fields of grain take the place of the dense forest, and its morose silence be changed to the morning song and evening hymn.'

This large block of land is in course of being surveyed into farms, and, from belonging wholly to the Company, will be open to unimpeded and continuous settlement.* The Company have also for sale improved farms, with clearings, houses and barns scattered over the country, together with mills, both saw and grist, in full operation. They are also proprietors of that part of the village of Sherbrooke which lies on the south bank of the river Magog, together with part of the opposite bank, all which is being laid off into building lots for the purpose of sale. On the river where it passes through the Company's property, a large saw mill and woollen manufactory belonging to them are in full operation, and other sites for mills and machinery are adjacent and open for sale.†

In addition to their lands situated within the eastern townships, the Company are also proprietors of a plot of land lying on the south bank of the St. Lawrence, in the seigniory of Nicolet at Pointe au Sable, situated 10 miles above Three Rivers, and immediately in front of the townships. It is the only practicable landing place on that side of the river from the Quebec and Montreal steam boats, and sea-going ships between Sorel, which is 40 miles above it, and

* This tract will be well suited to parties of emigrants who may wish to settle together and to form a neighbourhood for themselves, and to have their families and friends around them.

There is one important arrangement to parties intending to settle in the Eastern townships in the agreement between His Majesty's government and the Company, viz. that upwards of £50,000 of the purchase money, payable by the latter are to be expended in public works and improvements, such as high roads, bridges, market-houses, canals, schoolhouses, churches, and parsonage-houses, and other public works and improvements. This arrangement is judicious, and shews both the government and the company have not been unmindful of the interests of the country, and the well-being of those who may take their residence in it. Capital applied on works of the nature mentioned, which are far beyond the means of individuals, is the best mode by which the successful settlement of a country may be promoted.

V.B. The other Townships of this County were unsettled at the ti

t. Nicolas, which is 70 miles below it. The intention of the Comany, with respect to this property, is to form it into a harbour and eaport for the townships, where passengers may be landed and the roduce of the country shipped, and for this purpose the situation is eculiarly adapted. The land, beach and river have been surveyed, .nd wharfs for steam boats and large vessels, with an inner harbour For batteaux and river craft, together with an inn, storehouse and >ther buildings are to be erected in the ensuing summer, and from this nucleus there can be little doubt that a town will gradually grow The Company have named the place Port St. Francis.

up.

The company have not yet issued any prospectus specifying the price of their lands, or the terms of payment, but prices will in all likelihood be from 7s. 6d. currency per acre upwards, for their wild lands, according to situation and quality. The terms of payment will be a sixth, or a seventh part cash down, and the balance in six or seven annual instalments, with interest at 6 per cent. being the interest of the colony. These extended terms of payment will be highly advantageous to emigrants, as after making their first payment they will be enabled, from the employment of the capital left in their hands, to make improvements, and to draw from the soil itself the very means of meeting their future engagements. The company will grant letters of credit on their commissioners in Montreal for any sum which may be lodged with them in London by persons intending to emigrate, and desirous to avoid the trouble, risk, and expense which attend the carrying of money. The letters of credit will entitle the holders to receive in Montreal the full amount of British sterling specified, converted into currency, with the premium of exchange existing at the time of presentation, and free of any charge of commission, or any other expense.

N.B. The Hudson Bay Company requires no separate notice from that given under Chapter IX.

APENDIX B.

THE CANADA COMPANY.

This company which has contributed so efficiently to the settle ment of Upper Canada, not only by its own exertions, but by the example set to the colonists, and the stimulus given to emigration by the mother country, is incorporated by Royal Charter, under the provisions of an Act of Parliament passed in 1826, with a subscribed capital of 100,000l. sterling.

The company contracted with the government for the purchase of the fine Huron tract,* comprising about 1,100,000 acres, and situate on Lake Huron, as adverted to at page 211, other lands such as crown reserves, and school and church lands have also been purchased by the company, amounting in the whole to 2,484,413 acres, the total amount of purchase money being 348,6801., of which ̄about 120,000l. have been paid up to the 31st December, 1833, as detailed at page 284 and from the present year 20,000l. will be paid annually, until the year 1842, when the whole sum will have been liquidated. The annual disbursement of the money paid by the Canada company, is stated at pages 288 and 289. It is, however, very properly agreed that 45,000l. of the purchase money for the Huron tract, is to be expended in improving the company's own lands in the Huron tract, or county.

Nearly half a million of acres of land have been sold by the company, producing 210,000l., upwards of half a million acres have been paid for by the company, and not yet sold, leaving 1,400,000 acres unpaid for, and of course unsold. Not more than 187. has been paid on each share, which is now, however, worth 50l. and may be naturally expected to be doubled in a few years, as the colony of Upper Canada advances in prosperity.

The rapid augmentation of population, and value of property, is shewn in my second chapter, as also the many natural advantages

* This tract is now rightly formed into a separate county.

Four per cent has been disbursed on the sums paid in from the first period, and the Midsummer dividend of 1834, has been rated at 6 per cent.