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Maps, plates, charts, stc. may be filmed at different reduction ratioa. Those too large to be entirely included in one exposure are filmed beginning in the upper left hand corner, left to right and top to bottom, aa many framea as required. The following diagrams illustrate the method: Les cartea, pianchea, tableaux, etc., peuvent At>.e filmAa A daa taux de rAduction diff Arents. Lorsque le document est trop grand pour Atre reproduit en un ssul clichA, 11 est filmA A partir de I'engle supArisur gauche, de gauche A droite, et de haut en has, en prenent le nombre d'imagas nAcessaire. Les diagrammes suivants illustrent la mAthode. 1 2 3 1 2 3 4 5 6 ':'?>*««^ .s4' J THE CAMPOBELLO ■■-m^'^^m'' MILL AND MANUFACTURING COMPANY, IN NEW BRUNSWICK, BRITISH NORTH AMERICA. [There are two plans given with this Pamphlet, one showing the outline of the shores of Nova Scotia, New Brunswick, of the State of Maine, and the Bay Fundy. This will show the geographical position of Campobello, which is iirteen l<-n<^'ues from St. John, four leagues from St. Andrews, eleven leagues from Calais and St. Stephens, four leagues from St. George or Magadeevic, and half a league from Eastport, with all of which it is in daily communication. The other is a particular plan of Camiwbello, which, however, is on too small n scale to give a perfect view of its local advantages.] LONDON : ^ PRINTED BY IBOTSON AND PALMER, SAVOY STREET, STRAND. 1839. Wy »„.■>',■ ',r'q-"';"'-V'. t '■^^ >^%) ^. . *T': "1B^' iic^pt* ■*vt 1 NEW BRUNSWICK. PRESENT POSITION OF THE CAMPOBELLO MILL AND MANUFACTURING COMPANY, OCTOBER 1839. The Campobello Mill and Manufacturing Company, incoiporaied Isf ot June, 1839. Capital 400,000 dolls., in 2,000 Shaves, at 200 dolls, oach. Interc^ at 6 per cent, will he fruavanteed on all sunis actually paid on the Shaves secured on ihe fixed Pvopevty on the Islands and responsihility of the Com})any. PRESIDENT. Wm. FiTZ-WiLLiAM Owen, Captain R.N. M.P.P. DIRECTORS. Hon. Thomas Wyer, M.P.P. Mevchant. .James Campbell, Escj. Suh-Tveasurer, Charlotte County. Thomas Hudson, Esq. her Majesty's Customs. H. H. Hatch, Esq. olSt. Andrews. John Burnett, Esq. of Caniiwhelio, Merchant. .foHN Wilson, Esq. Merchant, St. Andrews. secretary. Alfred Lock Street, Esq. Barrister of St. John. This Chartered Company has bought the Island of Campobello, (except a very few inconsiderable reservations,) including Mills, Wharfs, Stores, Houses, Farnis, &c. &c., for 140,000 dollars. It is estimated that this location (which has been, with the timber r4.- s«i7'P'''?s?|if|rWiip^»- '■f'jf^: ^^WT^ 5w^ NEW BRUNSWICK. 3 now standing on it, valued at f^00,000 dolls., offers available means of employing tive times the capital with great advantage for mercantile operations, and that, by judicious outlay of the present capital, tiie returns in four years would probably be 100,000 dolls. aunuallv>or25 per cent, upon the capital. The present revenues of tbe estate may be taken at 8,000 dolls, per year nearly, with as yet no outlay for mercantile operations. The situation of Carapobello is extremely commodious for com- merce with Great Britain, the West Indies, the United States, and, in short, with any part of the world ; and it affords every natural advan- tage as a secure port, free from ice at all seasons, with two capacioli§ havens for vessels of any size, within itself. !. It may be made a mart for exchanges and commerce with the United States, necr whose shores it is situated, being separated from them by a channel of about three hundred yards wide only. It is believed that any mercantile house taking the^ bulk of the stock might very advantageously appropriate to their exclusive benefit all the local advantages. One fourth of the stock has been already subscribed for. The Agents of the Company will receive Subscriptions, and the first instalment thereon, or 15 per cent. Each share is 200 dolls, currency, first instalment 30 dolls. ; or £41 13«. 4d. sterling, ditto £6. 6s. On the payment of the first instalment of 15 per cent, in the Shares, the Secretary or Agent will grant the Company's tickets, and interest at 6 per cent, per annum will be allowed and paid by the Company on all monies actually paid in ; and on the annual settle- ments of the accounts, such further sums as the profits of the Com- pany will admit, will be divided and paid to the stockholders. Stockholders not resident at Cainpobello may take their part at their meetings for the conduct of the affairs of the Company by prow, and in all such meetings parties are allowed one vote each share, lor which certificates or tickets have been granted. Agents in London, Messrs. Hallett, Robinson, and Maude. . . . Boston. . . New Yoik. ''■^. 'a LL II iiW PROSPECTUS PUBLISHED IN 18.37, OF THE CAMPOBELLO MILL AND MANUFACTURING COMPANY, NEW 15 HUNS WICK, ADAPTED TO ITS I'RKSRNT STATE AND PIIOSPECTS, 1839. Tins Cominuiy is formed for the purpose of piUiing into operation tlij ninjierons advantages and resonrces of the Island called Canipo- hello or Passania(iuoddy outer Island, which forms the eastern boun- dary olthe Bay of Passaniiupioddy, and approaches the shore of the Stale of Maine, within tiiree hundred yards of the 'I'own of Lubec ; the Narrows and National boundary ])assing between them. The Island is eiglit miles and upwards in length from north to south, and averages two miles in breadth from east to west, contain- ing about twelve thousand acres of land, of which two thousand are cleared, and (it for cultivation, five thousand are heavily timbered, three thousand not so fully timbered, and a good deal of fuel on the /eniaindcr ; on the improved parts there are many valuable buildings, consisting of two saw-mills, stores, wharfs, and dwelling-houses, now the ))ro])erty of the Comjiany. Its western coast is every where most coinniodionsly adapted for commercial purposes, and for the fisheries, and by order of his Ma- jesty in Council, in April IS35, it was constituted a free Ware- housing Port. The northern ]iarts of the Island form one side of the channel by which the pollock fish enter in their season, and, with the adjacent islets behniging to it, are immediately on the fishing ground for cod, hake, haddock, herrhig, and niackarel, and is also the ship channel to St. Andrews, St. George, St. Stej)hen, Calais, and Eastport, all towns of mercantile importance. On the eastern side of the Island there are several fine coves and valuable beaches, well calculated for fishing establishments ; among the number are Mill Cove, Schooner Cove, and Herring Cove ; these are worthy of particular attention, the former asailbrding a very snug harbour, especially for small craft, with a fine beach, and at the head of which there is a good mill-privilege, where a grist-mill formerly stood ; the last is truly valuable, as being peculiarly well adapted for the herring fishery. About half a league westward of Head Ilarboiir 1 iighihousc, on the northern extremity of Campobello, there are four Ldaiids also, be- longing to the Campobello Company, namely, CascoBay and Owen's three Islands, called Spruce Island, W bite Island, and Sandy Island ; all these are in the heart of the fishing ground. Casco Bay Island contains about one hundred acres within its low h PANY, ;ts, f) o])evatioii ed Cjvni])(i- teni boiin- hore of the I of Lubec ; I. n north to St, con tain - lousand are y timbered, fuel on the e buildinss, louses, now adapted for • of his Ma- free IV are- ! channel by the adjacent and for cod, ihip channel Eastport, all al fine coves ents ; among Cove ; these a very snug I at the head nill formerly [ adapted for ^hlhouse, on nds also, be- and Owen's ludy Island ; ithin its low PBOSlMiCTUS. 6 water boundary ; fifty of these are of good laud for agriculture, and nnich of the remainder fit for pasture ; it possesses every advan- tage for the centre of a fishing establishment, having a beautiful little port, with many other local advantages, on its west, and is directly in the fair way of the navigation, since all vessels not entering by the Narrows must ])ass close to it. Owen's three Islands have also a good harbour enclosed by them, and the one called Sun>ly Island, about half a league north-east of Casco Bay, is in many respects valuable. All these belong to the Company. Penguin, or Head Harbour Island, is at the mouth of Head Har- bour, and contains about one hundred acres of valuable land lor agri- culture, one part of which is now cleared, and in a state of cultivation, with a good dwelling-house and other buildings thereon ; the other ])art has on it a considerable quantity of black birch. This island is so situated as to make it valuable property. The Island called Mark Island, being also ])art of the Company's property, is a small Island containing only about four acres, but being directly on the national boundary a short mile from (jubec, it may prove very advantageous to the Company for a store and wharf. It would be su])erfluous to detail all the local advantages for com- mercial purposes that the whole coast of Cam])obeilo aJlbrds ; sullice it to say, that it otiiars means for the employment of two liinulred thousand poinids of capital in the various ojjerations to which the Con)j)any will no doubt direct their attention, as the funds increase. Harbour de Lute and Head Harbour have sites for any num- ber of tide mills the company may have occasion to build for the purpose of manufacturing hnnber, flour, plaster, &c., which can be worked by i)er])etual water power, and the dams recjuired can be made wharfs, and would enclose a perpetual wet dock, in vvhich vessels of any bin-then might lie, and alongside of which vessels of any size might n)ost conimodiously lade and unlade «< a// seasons ^y /Ac year, being always open, or free from ice. The Island of Campobello has bein thoroughly explored by .Jacob Allan, Esq., Deputy Surveyor and Commissioner of Crown Lands, who certifies that there is now standing a sufficient (juan- lity of spruce and pine of the finest growth for saw logs, to keej) four double saw-inillsyoing for the space of forty years, that is, peij)(v lually, besides a laige quanlily of black birch of the first (pialily, (or ship timber and other purposes, as well as a good deal ol excellent cedar, heeeli, and maple, and that the land throughout the Island is of the best (lescri[)lion for agricultural purposes, as by reference to Mr. Allan's certificate in the Appendix (No. 1) will more fully appear. The whole of this Island, (except about three hundred acres, and six town lots, containing one third of an acre each,) with the adjacent ots above described, have been transferred to the company at the moderate price of £35,000; and it is believed that by a judicious PROSPECTUS. nrrim^cmcnt on ilic part of the company, in laying ont towns, and lots for sale on such parts of the improved lands as the Company nuiy not rocpiire for its own operations, a snflicient snm may be realised to pay the whole price of the Islands in a very short time. A most liberal charter, incorporaiing the company, (of which a copy will be seen in the Appendix, No. 2,) has been obtained. The capital of the Com])any is £100,000, divided into shares of £50 each; £15 per cent, have been paid in before the Company comnienci tl o^Krations ; and the charter provides that afterwards not more than £10 per cent, shall be called in by the Company at one time, and that thirty days previuns notice thereof shall be given ; but it is siijjpossd that after the payment of the first instalment, the Company will never re(piire to call in at any one time more than £5 ])er cent., by which means the payment will be rendered easy to the stockhohh'rs. The ])urcliasers of shares, now the Conqjany is in operation, will have to pay £7 10,v. currency per share at once, and no other payment will be called for until required. At the first meeting of the Company, such by-laws and regula- tions liave been made as were deemed requisite for the good rule and management thereof. The contemplated operations of the Company will be seen in the Appendix, (No. 3,) which at once shows how important the business must prove to tl)e stockholder, as well as to the general interest and prosperity of the country. Ovm of the richest natural resoiuces that the country affords is the fisheries, but which have hitherto been in a manner totally neglected, owing in a great measure to the want of capital, and the universal attention paid in the province to the tinjber trade ; but it cannot be questioned that the fisheries, of which our coast abounds, oflt?r a much more lasting source of wealth to the coun- try, and must tend to enrich those who judiciously invest capital therein. And situate as Campobello is, surrounded by such fine and commodious harbours, and immediately on the bounds of a foreign state, it must be admitted that it offers advantages beyond any other situation in the ])rovince for an exteuj^ive business. Of the fisheries it may be further remarked, that the Company's ])roperty is situated in the heart of them ; that the adjacent towns in the United States of East Port and Lubec have grown in wealth and importance, principally by using this resource, that we have hitherto neglected. The fisheries on the coasts of the island were let this year by the Company for near £400, and in the last year fish were taken on the coasts to the amount of £3,000, when cured, of herring; and from the Islands dried cod, scale, and mackarel, fish to the amount of as much more. This resource is entirely in the Company's hands to avail itself of ; besides the great sea whale fishery, for which the island has excellent lin:bcr and sites to construct (he ships, and has every local advantage. APPENDIX. No. I. St. Andrew's, New Brunswick, 2f)th July, 1836. Sir, — Accompanying this, I send you a correct map of tlie Island of Cainpobello,* and the following will be found an accin'ate description of the Island — its facilities as a place for trade, fishing, lumbering mills, and manufacturing privileges; as also of the quality of the land, and timber thereon. The Island is beautifully situated in the Passmaquoddy Bay, op- posite the towns of East Port and Lubec, in the State of Maine : it contains about twelve thousand acres of land, is eight miles in length, and averages two miles in breadth ; contains about six hundred inha- bitants, young and old : it has the advantages of excellent harbours, as that of being a free warehousing port. Friar's Bay is so extensive as to offer a most commodious harbour for ships of any size. Harbour de Lute is also fine and commodious, and extends into the centre of the island, at the head of which there is an excellent site for a number of mills, which could be worked to great advantage, either as saw-mills, grist-mills, or plaster-mills, as vessels of large size could approach close to them. Curry's Cove lies opposite East Port, and is one of the best harbours, particularly for sn)all craft ; and for fishing establishments, indeed, all along the western shore of the Island, there is no want of good harbours and excellent privileges for the fishing business. Head Harbour is another valuable harbour, being protected on the eastern side by Penguin, or Head Harbour Island. Vessels of any size can run in at any time of tide, and proceed to sea again, by way of the island ciiannel, without difficulty. 'J'his harbour having the advantage of the lighthouse, makes it very much frequented by all the pilots, and particularly the coasting vessels. At the head there is also a fine site for mills, stuTonnded Ijy plenty of timber. Then to ])roceed round the eastern shore : Mill Cove is a snug little harbour — has a good mill privilege, and, like Head Harbour, abounds in a great quantity of excellent spruce, a large quantity of cedar, and some pine. The shore from thence down to Herring Cove presents a bold a])pearance ; but the island through is beautifully covered with tine spruce and birch of large size. Herring Cove is a remarkable place, and truly valuable as a her- ring fishery : from thence down the shore is bold, and the island pre- sents nothing calling for particular remark, till you approach the Narrows, except being well covered with limber. 1 should here however observe, that about liiberty Point there appears to be a large quantity of ore, but of what description I do not feel mysell' competent to give an opinion. I have often heard that the island * Seu Map annexed. i 8 APPENDIX. posscssos a large quantity of lend ore, antl this may be of lliat descrip- tion. Near the lieod of the Narrows, opposite Luhec, the situation for a tow n is admirable ; and were a town laid out there, lots would sell at a high rate. From thence up to Friar's Bay you are in a har- bour at every little distance. The inhabitants residing on the island are chiefly fishermen : they have all made more or less improvements ; but from the indo- lent habits they acquire as fishermen, they have paid but little atten- tion to their farms. After clearing the land, they work it year after year without putting on the least manure, and the consequence is, the land gets exhausted ; but the soil is generally good throughout the island, and is well calculated for farming purposes : it would yield most excellent grass and crops of any description. The island con- tains nearly one hundred houses and erections, some very vahuible, particularly at Friar's Bay, where a village is now built, as also large stores and wharfs sufficient to carry on an extensive business. I will now proceed to give you a brief description of the timber, its giowth, and quality, having made an exploration through the most part of it : — The growth generally is spruce and black birch, inter- mixed with beech and maple ; near Mill Cove there is a good deal of excellent cedar, and some good pine : by reference to the plan I have made, you will observe its situation. In the first place you will see that along the western shore ihe improvements and erections are made, but none of them extend far in the interior of the island, and generally at their termination the timber begins, and extends along and through the island. At the lower or southern end, around the Duck Ponds, the land is low, and in some places heatliy ; yet there are large bodies of good spruce, with a mixture of liard- wood : but as you advance northward towards HeiTing Cove, the growth increases in size, and very tall — the spruce of fine size for mill purposes, and the birch for square timber, and for shipbuilding of any size ; and so it continues in fine and extensive bodies until you reach Head Harbou , and on the eastern side of Head Harbour, to the northern extremity of the island. The island affords such a large quantity of excellent ship timber, that shipbuilding could be carried on there to great advantage ; and it is a well-known fact, that the giowth of timber on those islands suiTounded by the salt water is much superior and far more durable than the timber on the fresh water rivers. From the situation I hold as Deputy Commissioner of Crown Lands and Forests, it has been my incumbent duty to ascertain the value of land, and the quantity and value of timber ihereon, by estimation ; and from the pains I took in the present instance in making tie exploration of the island, I feel fully satisfied that the following estimate, upon further exploration, will be found rather under the quantity than ovci it: — Jn the first ))!ate, to ihe best of my judguit lit, there arc about 2,000 acres cleared and fit for cultivation'; APPENDIX. nl)OUt 5,000 acres lioavll} timlicrod with spruce and black birch, avo- raging of spruce at least 4,000 superficial feet per acre ; about 3,000 acres not so heavily timbered, averaging of spruce 2,500 feet per acre ; of Jie iarch an(' other timber, before mentioned, I cannot give any- thing like a correct average, and must therefore refer you to my general observations on that head. As to cord wood, for fuel, I should judge that there are 8,000 acres, that would average at least fifteen cords per acre. In making the foregoing estimate, I have not taken into consi- deration any of the spruce under ten inches in diameter ; of those there is an immense number, and when there is such a continual succession of growth, so very thrifty as those all appear, there will not for many years be a want of logs ; and 1 do think that were four double saw-mills put into operation, there would be logs sufficient to supply them for forty years. In giving an opinion as to the value of the island in its present slate, I am governed by the quantity of timber, taking its value as standing — the value of the land without the timber, and the value of the buildings thereon belonging to the proprietor ol the island — after making all allowances for waste lands, &c., I can- not estimate it at less than £60,000, and by adding to this all the advantages the island possesses in mill privileges, and in a com- mercial point of view, it would, of course, bear a much higher estimate. I am, Sir, your obedient servant, JACOB AliLAN, Deputy Com. of Crown Lands, and Dept. Surveyor. To Alfred L. Street, Esq., &c. &c. St. Andrews. St. Andrew's, Ist August, 1836, The signer of this paper, Mr. Jacob Allan, is one of my De- puties, and is a gentleman in whose veracity, judgment, and respec- tability, every confidence may be placed. THOMAS BAILLTE, Com. and Surveyor-Gen. of Crown Lands and Forests. We, the undersigned, do certify, that we have known Mr. Jacob Allan, the writer of the foregoing letter, for many years ; that be is esteemed a man of the strictest veracity, and a competent surveyor ; and we know no person more competent than Mr. Allan of giving a correct estimate of the value of land, and the quantity and value of timber thereon. Daled 30th Dec. 1836. JOHN WILSON, Merchant, St. Andrews. .FAMES DOUGLAS, Merchant, Su Andrews. .FAMES CAMPBELL. Dep. Treas. St. Andrews. W. H. STREET, St. John's. L. H. DE VFBER, St. Johns, NB. iO APriiNOIX. n No. II. A BUI to Incorporate ike " CampoheUo Mill and Manufacturing Company." Whereas, from the ver^' extensive advantages that the Island of Canjpobello in the County of Cliarlotie jiossesses for commerce and manufactures, it is thought, by putting the same into operation, the Trade of the Province will be very materially benefited : And whereas it is deen)ed advisable to grant an Act of Assembly, incorporat- ing a Company, for the purposes of erecting, using, and employing all descriptions of mills, mill-dams, fulling, and carding machinery. 1.— Be it therefore enacted, by the liieutenant-Governor, Legis- lative Council and Assembly, that William Fitz-William Owen, Sir Edward William Cam])bell Rich Owen, William Owen, Milatiah Calkin, Thomas Wyer, Samuel Frye, John Wilson, Alfred L. Street, John McMaster, W'illiam Garnett, William Badcock, Thomas Sime, James W. Street, John Kinnear, William V. Rsinney, Neheniiah Marks,Robert Watson, and John McKean, and all and every such other person and persons as shall from time to time become proprietors of shares in the Corporation hereby established, their successors and assigns, shall be, and they are hereby erected into a company for the pur- poses mentioned in the preamble to this Act, and declared to be a body politic and corporate by the name of the Campobello Mill and Ma- nufacturing Company, and by that name shall have succession and a common seal ; and by that name shall and may sue and be sued, i)lead and be impleaded, answer and be answered unto, defend and be de- fended in any court or courts of law or eqtiity, or place whatsoever, and be able and capable in law to have, hold, purchase, get, receive, t.ike on lease, erect, set up, possess and enjoy houses, stores, wharfs, lands, tenements, hereditaments, mills, mill-dams, booms, water, water privileges, rents and profits, in fee simple, leasehold, or otherwise ; and also goods and chattels, and all other things, real, personal, and mixed ; and also to give, grant, sell, let, assign, or convey the same or any l)art thereof, and to do and execute all other things in and about the same, as shall and may be thought necessary and proper for the bene- fit and advantage of the said Company ; and also that the said Com- l)any, or the major part of them, shall f: jm time to time and at all times have full power, authority, and licence to constitute, ordain, make and establish such bye-laws and ordinances as may be thought necessary lor the good rule and governi.'ient of the said corporation, provided such bye-laws and ordinances be not contradictory or repugnant to the laws and statutes of the province, and those in force withir. the same. II. — And be it enacted, that the first meeting of the said corpo- ration shall and may be held at Cumi)obello albresaid, and shall and may be called by Alfred L. Street, Hmj. ; or in case of his deat'; neglect, or refusal, by any two of the said Con)|)any, by pubhshing notice hereof APPENDIX. It for thirty days in some newspaper, publislied at some place in this province neaiest Campobello, at which meeting, or any snbsequeiit meeting, to be for that purpose hoUlen, seven directors (being members and stockholders of and in the said corporation, to such an extent as by the laws and regulations of the said Company may be provided) shall be chosen, which directors, so chosen, shall serve until the first annual meeting for the choice of directors, and until other persons are elected in their room, and shall have full power and authority to manage the concerns of the said corporation, and shall commence the operations thereof, subject, nevertheless, to the laws and regulations which may from time to time be made by the said corporation. III. — And be it enacted, that there shall be a general meeting of the stockholders and members of the said corporation, to be annually holden at Campobello aforesaid, at such time as by the laws and re- gulations of the said Company may be appointed, at which annual meeting there shall be chosen seven directors, being members and stockholders of and in the said Company to such an extent as by the laws and regulations of the said Company may be required, who shall continue in office for one year, or until others are chosen in their room ; and the directors, when chosen, shall at the first meeting after their elec- tion choose one of their number to be the president of the said Company. IV. — And be it enacted, that in case of any vacancy among the said directors by death, resignation, or absence from the province, or in case any director shall disqualify himself by sale, disposal, and transfer of his shares, or any of them, so as to reduce his interest in the corpora- tion to less than the number of shares required for the qualification of a director, then, and in either of such cases, the said directors shall and may till up such vacancy by choosing one of the stockholders, and the person so chosen shall serve until another be chosen in his room. V. — And be it enacted, that every person owning a share in the capital stock of the said Company, shall be a member thereof, and be entitled to vote at all meetings of the same, and members may give as many votes as they own shares ; and that absent members may vote by proxy, such proxy being a stockholder and authorised in writing. VI. — And be it enacted, that the capital of the said corporation shall be divided into two thousand shares, and numbered in progressive order, beginning at number one ; and that every member of 'he said Company shall have a certificate under the seal of the said corporation, and signed by the president and secretary thereof, certifying his pro- perty in such share, a.s shall be expressed in the said certificate. VII. — And be it enacted, that the shares in the said stock, shall be assignable and transferable, according to the rules and regulations that may be established in that behalf; but no assignment or transfer shall be valid or eflectual, unless such assignment or transfer shall be entered or registered in a book, to be kept by the direct- rs, for that ]>urpose ; ihat in no case shall any fractional part of a share be assign- able or tMusl'erabU', or other than a comjjlete share or shares ; that K 12 APPENDIX. ^f whenever any slocliholdcr shall transfer, in manner aforesaid, all \m stuck or shares in the said Company, he shall cease to be a uiemher of the said corporation. VIII. — And be it enacted, that the capital or stock of the said corporation shall consist of the suna of one hundred thousand pounds, to be paii in such money as shall, at the time of the said several pay- ments hereinafter expressed, be a legal tender in this province ; fifteen per cent, of the said capital stock to be pjxid in before the said corpora- tion sliull be entitled to purchase any property, real or personal, or incur any debts ; and the remainder of the said stock to be paid at such time and times, and in such parts or portions, as the directors for the time being shall from time to time think necessary, the whole amount of such capital stock to be divided into shares of fifty pounds each, making in the whole two thousand shares. IX. — Provided always, and be it further enacted, that as soon as the said capital stock of one hundred thousand pouiuls shall have been ])aid in and expended for the purpose of this Act provided, it shall and may be lawful for the said stockholders, at any general meeting to be for that purpose called, to increase the said capital stock from tinie to time, in such sums as they may deem expedient, to a sum not exceeding two hundred llioiisand pounds, to be assessed upon the several stockholders of the said Company, in proportion to their respective shaves. X. — And be it enacted, that the president and directors of the said Company shall and may, from time to lime, assess uj)on each share such sum or sums ol" money as shall be judged by such corporation necessary for raising a capital f(»r the payment of any debts of the said corpora- tion, and for the purchase of such veal and personal property, and tlie erecting, building, making, setting u]),procuving and maintaining such buildings, wharls, dams, erections, machinery, and all other things whatsoever, as may be deemed necessavy for carrying on the business of the said Company ; which said sum or sums of money, so to be assessed, shall be paid to the treasurer of the said company, at such tin>e or times, and by such instalments as shall be deemed requisite and proj)er, and may be directed thereby, provided that the amount so to be called in (after the payment of the first instalment of fifteen per cent.) shall not exceed at any one time ten per cent, on the whole amount of the ca.iital or stock belonging to any individual; and provided always, that when any such assessment shall be made or ordered, thirty days notice thereof shall be given by the secretary, in some newspaper published in this province nearest to Campobello as aforesaid, requiring payment at such lime or times as may for that j)urpose be appointed ; and if the proprietors of any share or shares shall neglect or refuse to pay to the treasurer the amount of any such assessment or assessments, or instalment thereof, at the lime fixed for the payment of the same, ilshallbe the duty of the treasurer to advertise such delinquents' share or shares for sale at public auction, giving at least thirty days APPENDIX. 13 notice of the time anil place of such sale, in some newspaper published ns aforesaid ; and if the amount of such assessment or instalment be not then or sooner paid, such share or shares shall be sold to the highest bidder, and such sale shall be a legal transfer of the share or shares so sold to the purchaser or purchasers thereof, and shall be recorded accordingly by the secretary, and such purchaser or pur- ciiasers shall be entitled to receive a certificate as prescribed in and by the filth section of this Act. XI. — And be it enacted, that the joint stock and property of the said Company shell alone be responsible for the debts and engagements of the said Company. XII. — And be it enacted, that an annual statement of the aflTairs, and amount of properly of the said Company, shall be made and exhibited at the general meetings of the said Company iu every year, showing the amount assessed, and paid in by the proprietors of shares, and the amount and value (as near as may be) of the funds and property of the said Company, and the amount of debts due from such Company, which statement shall be certified ae correct by the president, secretary, and treasurer of the said Company, under oath, each swear- ing to the best of his knowledge and belief respectively. No. 3. Proposed Scheme of Operations hy the CampobcUo Mill and Manufacturing Company. 1st. — ^Three double saw-mills, yield- ing 3 M feet merchantable lumber each saw in 24 hours; 6 sawsare 18 M daily, mills employed 8 months in 12,208 7 10 16 APPENDIX. Si! Hi Amount brought forward may be reckoned on, and there can be no doubt but a rent may surely be counted on for assorted goods, to the amount of from £10,000 to £15,000 per year, and which might be increased annually, or on this account an ainiual revenue of . £21,427 10 2,013 10 Annually . . . 23,441 As the population would thus increase rapidly, and the Company, having the property of the whole coast, must become the medium of all exchanges with all the population. This now amounts to 600 only, but as this island is as large as Guernsey, and with many local advantages, there can be Httle doubt that its population under a vigorous and enterprising Company would be tenfold in as many years. The island of Campobello, being the most favourably situated of any station in the Bay of Fundy for conducting an extensive fishing business, independent of its other resources, which are particularized in some measure in the foregoing scheme, presents an excellent open- ing for a large capital being embarked in the prosecution of the cod, scale, raackarel, and herring fishery ; and indeed it is almost impossi- ble to say to what extent itmay be canned on, for the water here abounds in fish of the various descriptions usually taken on the shores of this con- tinent. The island also aiTords a favourable opening for conducting the South Sea Whale Fishery, and is admirably situated for the vending large quantities of the manufactures of Great Britain ; also for the heavy articles of salt and coal, and fishing supplies. It would be needless to fix on any sura as a remunerating profit for the capital invested, but there cannot be a doubt it will be equal to any corporated company in British North America, which, together with the true value of the island, offers to capitalists advantages seldom to be met with. From our knowledge of the island of Campobello, and its re- sources, we do not hesitate in certifying our belief that, with proper capital and good management, the profits equal to what is exhibited in the preceding scheme will be realised, and that the remarks made on the trade that may be carried on are within moderate bounds. Dated St. Andrew's, 2nd Jan. 1837. JOHN WILSON, now a Director. .lAMES DOUGLAS. JAMES CAMPBELL, now a Director. W. H. STREET. .1. & H. KINNEAR. ROBERT W. CROOKSHANK. LONUON : ICOTSON AND PALMEIt, SAVOY STKEtr, STIIAND. 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