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 PROSPECTUS 
 
 OF 
 
 THE PORT BRlTAIiN 
 
 HARBOIK (COMPANY, 
 
 SITl'ATEl) IV THK 
 
 TOAV'IS HI £LP Ol^^ J iOl^E: 
 
 AND 
 
 (BOUNTY OF I)lJKHA:r. 
 
 JN<'()IU'OllATKh l]M>Kll Ari' OF Itj VIC, CAP. 1J4. AN ACT 
 
 TO PROVIDK J'Olf THK FOHMATION OF JOINT STOCK 
 
 COMPANIES FOR T1IK CONSTRUCTION OF 
 
 PIKKS. WHARVES, UP.Y DOCKS ANH 
 
 HARB(M US. 
 
 iS^ 
 
 TORONTO : 
 
 HLACKBCRN'S CITV STEAM PRESS, YONUE STREET. 
 
 1856. 
 
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PROSPECTUS 
 
 or 
 
 I 
 
 THE PORT BRITAIN 
 
 HAlir.Ol 11 COMPANY, 
 
 srrrATEi) in the 
 
 TO^VTSTSl III> OF ILOfE 
 
 AND 
 
 ('OUNTY OF DURHAM. 
 
 IXCOllPOUATED UNDER ACT OF 10 ViC, CAP. 124. A.\ ACT 
 
 TO PROVIDE FOR THE FORMATION OF JOINT STOCK 
 
 COMPANIES FOR THE CONSTRUCTION OF 
 
 PIEUS, WIIAUVES, DRY DOCKS AND 
 
 HARBOURS. 
 
 TOKON TO : 
 
 BLACKBURN'S CITY STEAM PRESS. YONGE STRKlVh '■* 
 
 1856. 
 
 11 » . 
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 • 4 
 
O'O-^oAn 
 
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 JUN.19 1935 
 
PROSPECTUS 
 
 or TUB 
 
 PORT BRITAIN HARBOUR COMPANY. 
 
 Port Britain is situated on Lake Ontario, in the 
 centre of the Township of Hope and County of 
 Durham, known to be one of the best wheat grow- 
 ing sections of Canada. The country to the rear 
 of it and directly its tributary, is unsurpassed for 
 fertility of soil and quality of its productions. 
 There are several grist mills, saw-mills, and distil- 
 leries in its immediate vicinity, it is sixty miles to 
 the eastward of Toronto, and about equi-distance 
 from Belleville, at the head of navigation of the 
 Bay of Quintc. It lies to the westward of the 
 Town of Cobourg and contiguous to Port Hope, 
 and nearly opposite to the City of Rochester, from 
 which it is distant only about sixty miles. 
 
 liU 
 
Port Britain 
 
 pr- 
 
 .sents natural aclvanta<>e,s for a 
 
 Harbour, une«'|uailed by any Port on Lake Ontario; 
 surrounded by lulls and heavy bluffs; jutting' out 
 into tlio Lake, it forms n secluded bay in ^vhicli 
 
 ^1. 
 
 seek shelter and safely ride out the 
 
 vesse 
 
 most severe storm. 
 
 The h'iihcst en<^ineerin<2; and nautical talent of 
 the country have pronounced it to be the place best 
 adapted for a Harbour of Refuge. Unlike most of the 
 Ports on Lake Ontario, it has aood anchoraiifc out- 
 
 / 1..' rj 
 
 side (blue clay/) and any vessel which might miss 
 the harbour would be suie to hold on in safety by 
 her anchor. 
 
 The inner harbour is proposed to be formed in- 
 side the present line of Lake Beach, where there 
 now exists a natural basin of about twelve acres of 
 deep water, along two sides of which it is proposed 
 to pile so as to form commodious wharves, and to 
 open a channel two hundred feet wide tiirough the 
 beach to twelve feet deep water, which it is intend- 
 ed to protect with cribbing on both sides. 
 
 II iflL ■^^„^.,^l^.£-' 
 
I 
 
 advantaocs for a 
 on Luke Ontario ; 
 )I Lifts juttinii' out 
 led bay in which 
 t'ly ride out tlie 
 
 'autical talent of 
 be the phice best 
 nlike most of the 
 i anchorage out- 
 liich mio'ht miss 
 1 on in safety by 
 
 be formed in- 
 b, where there 
 twelve acres of 
 i it is proposed 
 ^liarves, and to 
 le tli rough the 
 ill it is intend- 
 ides. 
 
 Added to these natural advantages, the Grand 
 Trunk Railway of Canada have erected a Station at 
 this point ; this, coupled with the fact that it is 
 the only place where the line of railway comes to a 
 convenient grade above the level of the Lake for 
 shipping purposes, forces the conclusion chat It 
 will eventually be the place from which tranship- 
 ment must be made for all freights and merchan- 
 dize shipped from New York, Boston, and Phila- 
 delphia, via the Eastern Ports and Rochester, thence 
 across Lake Ontario, for all places in connection with 
 the Grand Trunk Railway, the Great Western Rail- 
 way, and (Chicago, over the Ontario, Simcoe, and 
 Huron Railway, without cost of carriage, storage, or 
 excessive harbour dues, transhipment being made 
 direct from the vessel to the cars, and rice versa. 
 
 To the 'vheat and produce buyer, the miller and 
 lumberman, this place presents inestimable advan- 
 tages, and particularly to them do these remarks 
 apply. The opportunity now oflering for each to 
 own the lot on which to build his own storehouse 
 and personally control his property therein. 
 
 i$ 
 
t .4 
 
 i. 
 
 I 
 
 i 
 
 I 
 
 6 
 
 It is estimated that a safe and commodious Har- 
 bour cau be made at the above named place, with 
 Piers running out six hundred feet into Lake On- 
 tario, to twelve feet depth at low water mark, and an 
 inner harbour of about twelve acres in size, with 
 wharves, cranes, and all necessary erections, and 
 railway connections with the Grand Trunk Railway, 
 for carrying on an extensive shipping and forward- 
 ing business, taking in a mile of water frontage on 
 Lake Ontario; also, including forty-five acres of 
 land (more or less,) foi the sum of Twelve Thousand 
 Pounds, currency, (forty-eight thousand dollars.) 
 
 It is proposed to raise the above amount in Two 
 Thousand Four Hundred shares at Five Pounds 
 (twenty dollars) each share. The payments, or 
 instalments on the shares, will be controlled by the 
 Directors as they may be required to carry on the 
 work, but as it is the intention of the Directors to 
 have the Harbour ready to receive steamers and ves- 
 sels alongside of the Grand Trunk Railway line on 
 the first day of July, A. D. 1857, the full amount 
 of each share will be re-uirod by the first day of 
 August, A. D. 1857. 
 
 II 
 
 \1 
 11 
 
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 ii! 
 
 I 
 
 
 ^ ■ 
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 J 
 
commodious Har- 
 named place, with 
 3et into Lake On- 
 ater mark, and an 
 ii-es in size, with 
 J erections, and 
 d Trunk Railway, 
 ing and forward- 
 skater frontage on 
 rtj-five acres of 
 'welve Thousand 
 isand dollars.) 
 
 amount, in Two 
 at Five Pounds 
 le payments, or 
 ontrolled by the 
 to carry on the 
 lie Directors to 
 earners and ves- 
 lailway line on 
 the full amount 
 the first day of 
 
 I 
 
 i 1! 
 
 i I 
 
 The forty-live acres of land, together with the 
 water frontage appertaining thereto, (being that 
 portion of lots 21 and 22, broken front, and first 
 Concession of the Township of Hope and County of 
 Durham, lying south of the track of the Grand 
 Trunk Railway of Canada,) will be charged for at 
 the rate of One Hundred Pounds per acre— say 
 Four Thousand, Five Hundred Pounds (or eighteen 
 thousand dollars.) 
 
 This amount will be taken in stock of the Com- 
 pany, and the fee simple of the land will be given 
 to them in their corporate capacity as soon as stock 
 to that amount is issued. The control of the extra 
 half mile of the waters of Lake Ontario — that is to 
 say, one-quarter of a mile to the east and one-quarter 
 of a mile to the westward of the aforesaid forty-five 
 acres of land so set aside for Harbour purposes of the 
 proposed Harbour, (being the water fronts respec- 
 tively of lots twenty and twenty-three, in the First 
 Concession and broken fronts of the Township of 
 Hope aforesaid,) will also be given by the proprietor 
 
 
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 I- -I 
 
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 i 
 
 to the Company, except the right of fishing, which 
 the proprietor exclusively reserves over the whole. 
 
 Possessing natural advantages in so eminent a 
 degree as does Port Britain, it follows, that from 
 its position, the cost of construction of the Har- 
 bour will be but slight, and as an investment to 
 the capitalist it will rank second to none in the 
 Province. It will be seen that the Company will 
 have the fee simple of forty-five aces of land. It 
 is computed that twelve acres will be required for 
 the inner Harbour, leaving thirty-three acres for 
 building sites, storehouses, warehouses, c^c. On the 
 completion of the Harbour the Stockholders will be 
 able to sell this surplus at a great advance on its 
 original cost, it is not unreasonable to suppose 
 that it will quadruple its value, and this in little 
 more than six months. The hiiih rates of land 
 sales that have lately taken place i)i Cobouvg, Port 
 Hope, Eowmanvillo, W!iitby, and other places on 
 the Line of Railway where there has only been a 
 station are proofs uf it. ^luch move must then 
 be expected, when there is both a Harbour and 
 
 i 
 
 I 
 
 la^ 
 acl 
 
 Stat 
 
 ion. 
 
; of fishing, which 
 i over the whoJe. 
 
 in so eminent a 
 ollows, that from 
 tion of the Har, 
 an investment to 
 
 to none in the 
 he Company will 
 J'-es of land. It 
 
 be required for 
 -three acres for 
 es, &.Q. On the 
 
 holders will be 
 
 advance on its 
 3^e to suppose 
 'id this in little 
 
 J'ates of land 
 
 Cobourg, Port ' 
 >ther places oj] 
 IS only been a 
 'I'e must then 
 
 Harbour and \\ 
 
 k 
 
 ' «• 
 
 •I 
 
 
 
 liAud adjoining the Harbour at Port Hope has 
 lately changed hands at the rate of £1287 10s. per 
 acre I 
 
 In this ease it is clear, that as soon as the Har- 
 bour is constructed, the sale of the surplus lands 
 will pay back to the kStocklioldcr all the money 
 advanced, together with a large profit, and give him 
 his stock in the Harbour free of all cost. 
 
 This then, is a safe, certain, and splendid invest- 
 ment, for not only is it shown tliat the money sub- 
 scribed by the stockholder will be returned to him 
 in one year on the sale of the surplus lands, but 
 returns of other Harbours on the north shore of Lake 
 Ontario, show an increase of nearly double their 
 revenues since the Keciprocity Treaty came into 
 force ) and the opening of the Grand Trunk Rail- 
 way, will turn the current of travel hitherward, 
 Rochester being the best connection the eastern 
 travel can h.ve with the Great HW, but that 
 it is making a very low estimate to presume this 
 scheme will return at least twenty per cent on the 
 
10 
 
 capital stock of the Company. The revenues of 
 the Harbours on the north shore of the Lake in 
 this immediate neighbourhood, have increased from 
 about Jei200 in 1852 to £7000 in 1856. 
 
 A. DE GRASSI, 
 
 Secretary and Trtasurer^ Pro. Tern. 
 
 Tono.MO, 9th Dec. 1866. 
 
IS of 
 e in 
 from 
 
 Tern.