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A ■'[ii u) a]qaii>jjj> rxl//- 'lobi. 6g[ '.■s THHfogb arft frrml vnnqrrioO :.)il nop/iMij /r i'.'lOJL*iaJO'K t'!,' ( rrrin- f ^r;if l-;.i j V > ' i t I I '. l.>iii .-(■J / •lU d!: AN ADDRESS, %c. S;c. LADIES AND GENTLEMEN, I AM SO perfectly aware of the disadvantage every person labours under who attempts to appeal to the proprietors of a public Company from the decisions of Its Directors, that had I nothing to state to you but the harshness, not to say injustice, with which 1 have been treated, you should not have been troub^ed with this Address. But, having been con- nected with the Company from its very commence- ment, and most intimately acquainted with all its proceedings, I think I should be doing very great mjust.ce to you, did I not lay before you a short account of, and some remarks on, the proceedings which have created such a distrust, I may say dL gust, in many of the Proprietors ; and which, if allowed to be persisted in, will soon effectuallv break up one of the most legitimate speculatious •■vcr entered into; -one which would have been A 2 Ml extremely beneficial to the public, and if properly conducted, equally so to the Proprietors; but which is now likely to go to, or rather, I should scy, to be driven to, ruin and dissolution, if preventive mea^ sures be not soon adopted. f^^^i^' '>ni; As the most intelligible explanatory introduction, I trust I shall be excused commencing with a short narrative of my connection with the Company, and the proceedings which have emanated therefrom. The first idea of forming the Company w^s started in February, 1824, nearly twelvemonths before the mania for the formation of companies had commenced its short, but disastrous, reign. Mr. Gait had been employed as agent for the suf- ferers in Upper Canada during th6 last war, to prosecute at the Colonial Office their claims for compensation; and in his attendance there, the subject of the Crown and Clergy Reserves had been mentioned. Repeated complaints having been made against their being allowed to remain uncultivated, he was requested to suggest the best means in his opinion of speedily turning them to benefit. He consulted me upon the subject, and we agreed that it was a good and legitimate object for a public Company. The plan was listened to at the Colonial Ofifice, and he was authorized to proceed in it. I assisted him in drawing up the original proposals to Government, the prospectuses, &c. ; and after- wards introduced him to the gentlemen in the city, who first took the business up and formed the Com- pany. In August, 1824, the first instalment of £5 per share was paid, and, a short time after, the gen- tlemen, who had been fixed itpon as Governors and Directors, voted Mr. Gait £500 and mc£ 150 for our 5 trouble and exertions in tlie formation of the Com- pany. Mr. Gait was appointed Secretary and I Accountant, but no amount of salary fixed for either. ae, however, assumed his to be £1000 per annum • and, bemg afterwards chosen one of the Commis- sioners to go to Canada, in order to fix the price to be paid for the land, before his departure, which was m January, 1825, he drew £500 for his salary as Secretary for six months. He was absent on the service about five months and a half altogether, includii^ his passage out and home, and residence m Canada; for which he received £1100 sterling and all his expenses paid. During his absence I officiated as Secretary; for which I have received nothing. Immediately on his return, in June, 1825 he resumed his situation as Secretary, and continued to draw his salary quarterly, at the rate of £1000 per annum, until October, 1826. In August, 1826, th^ Charter wa^ obtained : immediately after which an arrangement was made with him that he should return to Canada, in order, more minutely, to ex- amine into he condition, the situation, and the then value ol the lands ceded to the Company and to report to the Court upon the best mode of conducting the operations in that country. He pro- posed to be absent eight months, for which he was to have £1000 payable in this country, and his expenses paid. Almost immediately upon his arri- val m Canada, he wrote to the Directors, that a great many applications had been made to him for the purchase of the Reserves, and he thought it a pity to lose the sales, and therefore requested to be authorised to sell.. Authority was accordingly sent ^nm, 3S,,^bo. Je^y^^ ^ ^^ ou^ ^^^^^ ^^ ^^^ ^^ ^^^ m i % 6 Blocks- '^s' kn ex{)erim€nt m clearing. He had ob- taihed from the Managers of the Pulteney Estate^ in the State of New York, a complicated plan for the disposal of land, which he Adopted for the sale -of the scattered Crown Reserves, without communicating with the Court of Directors, or obtaining their sanction; and without consider* ing the difference in the situation of the lands, which rendered this plan, as used without mo* difications, for the Canada Company, very inju- dicious and inapplicable ; and what was worse, it never was fairly put into practice, so that a con- fusion ensued on which I shall have occasion to remark hereafter. Upon receiving the leave, he commenced upon the largest Block, which he named Guelph, that extravagant expenditure, which was continued until it amounted to four times the original grant. In the meantime a nego- tiation was entered into for his continuing in Ca- nada as Superintendent ; and, at length, it was fixed ; for which he was to be allowed, per annum, a salary of £1000 sterling, payable in London, and about £1000 currency, payable in Canada, for his expenses, to commence on the 1st of October, 1827, just a twelvemonth after he went out; for which period he was entitled, under the original agree- ment, to £1500 sterling; and he accordingly drew that sum, and he charged in his account about £1200 f^r his expenses. Upon his departure, 1st of October, 1826, the charge of his duty as Secretary again devolved upon «ie, and I had the whole of it for six months. In Jamiary, 1827, my s- lary, RsAccomtmt, was fixedi byaCommilteei called th© House Committee, at £300 per aiuium ; and I wa, allowed at tluit rate trom the commencement of the Company, but no- hmg was said as to doing the duty of Secretary. In the March following, Mr. M'GiUivray was ap- pomted Chairman of the Committee of Manage- ment and Correspondence, with a salary of £1000 per annum ; but he positively stipulated that he ■should not act as Secretary, or sign any letters or papers m that capacity ; it was, therefore, fixed by the Court that appointed him, that I should con- tinue to act for the Secretary ; and I was, upon that occasion, told, both by the Governor and Deputv- Oovernor, that my remuneration should be after- wards settled In expectation of this, I continued actmg until January, 1828, when I made an ap- plication to the Court of Directors on the subject, who referred it to the House Committee, who mde the following rather curious report :— " At a Meeting of the Comnlittee to consider of all Matters relative to the House and OiBce held this Day. the following Letter from' Mr. Thomas Smith, of the 29th of November ^_ referred to the House Committee by the Court of Directors, was read:— " To the Governor, Deputy-GovernOr, and Direc- .od« «u,".*?n,°^*"^^"''^^"greceived> any remuneration, <( a a I I 8 r.or a«y havings been fix^d;. audi Lope I shall be " exc«sea adding, that, upon a .former ocoasibn, " when Mr. Gait went out as Commissioner, I at- ^"•f^rtd^d to the btrsinfes^, tAifch'S^V^d hi^ sjl%, " for six months, say £500. ~.<'.Ainiiin UwoyjAii^ «r.w int. iffrj h^e<^8tci^n JuiIT—.JhI ^r'f''lhV. (Signed)' -'*i^ds.«klTH." 1>V When it appc .ring to the said Committee, that the appointment of Mr. Smith, of the 12th of " August, 1824, was as Accountant^ i and to act as " Secretary in the absence of the Secretary, they conceive that the salary of £300 voted to Mr. Smith was in consideration of the services gene- rally in those capacities, and not merely as Ac- ** countant; in which situation l?e would have but " small and casual employments.) n id mlt U) *^ That his appointment M Accoutttan^ under " the Charter, was made during Mr. Gait's ab- " sencfe, and when he was, in fact, officiating in the same manner a6 he has from his first ap- pointment been expected to do in the absence of Mr. Gait ; and that, although such duties are not expressly specified in the Resolutions of the 9th of January, 1827, yet the Committee consider them to have been contemplated by all parties.: ,„.,^,, ,^^ .,,., " That, without the question whMer Mri Smith's present advantages are proportioned to his ser- * vices and, merit, and whether they may not be 'susceptible of increase, eithei^ on -that ground *i now! or when the progress! of iihe Company^ re- " squires more exertion, they canridti think themi^^ " selves justified on the footings on which he has it n it (( (( {( <( (( (< It tt It It It tt l8t.-That my first appointment was as Account " "^n;e"tt "^ "' '°^ *" «^-^'"y - hi at , , '\".<=^' 'r'" '"^P"^'" ''"d distinct duties • for •:r:;:S^/^^'-"----t„beaf.:;'i ..^ad--TlMtt the salary fixed in January 1827 nf ant, and had ,t been considered otherwisf, --.s by me I wou.d not have accepted t 2 ;'^/' accordingly, I always drew it ^2^5 ■.Ob,,,, Court whe^MrVom P'-^'«"">t t^e -'.--hatlwasJtLfto'^t^Lr^.S: TTfrr**'^-; '"' ** ^^^^ ■^commended totf IB ,. «o MO brmg forward the claim on that dT :::,r:tf::rf°° that i sho„id e:;tt; ,*K i .f ^"""^'"^ evidently showed that .,ro,.„Uhey d,d not consider that duty included in .m.,„my appointment in January, iL? ' '" l-.4th.--That,^tak.ng it for g-.„ted, I had little to do as Accountant, nay, suppose I had nl - ."..-thmg: to do at all, still £30aper annua was ■vl . I ^^ fd^quate compensation for doinff the ...H. whole duty of a situation for which anftSr ■oOn these considerations I still Kbld that I l», gaod.l»«.on.*he,Ganad. Compan ™1'"„^^^^^ m 't^^rMs tim^ the .Directousi i had becomei i very' much; dissatisfied with Mim Qe^^t for not ,ha;v:ing sent hpme FeguUr accountis of hia receipts and €xpeiatdi4 tufei, lK>r even any satisfactory har?ativ0 of)i'his propeedings, nor of the operations he intended 'tb m^cjertake.; and as- he. had made an applicatiojtt for an accountant to be sent out to his assistanoe, it was proposed that I should be appointed to.that situa- tion. After a very considerable delays 1 1 was, at last, in May, 1828, appointed cashier and account- ant to the Company, in Canada, with a salary of £500 sterling per annum, payable in Undon, and £250 currency for my expenses in the colony. The nature of my appointment will best appear from my instructions, a,,,9ppy.,ofi which is in the Ap- pendix; to this,, ... ., ., r .< Upon my arrival in Canada, I found matters in much gye^a^er confusion than I could have supposed ; ^d h^d Mr,aa:it been a stranger tome, and a man ip whom. I was no ways interested, I do not think I. should have acted ;— at all events, I should have first writteji home for fresh instructions. But I had been chosen expressly because I was an in- timate of Mr. Gait's, and was supposed to have some influence with him, it being the avowed wish of many of the Directors that, if possible, he should be retained in his situation ; and, I believe, it was the opinion of the whole that it would be better for the Company to avoid the fracajs that would result from his removal. ; oiTrtrmv..[.n • ^ It was certainly in this light that I received my appointment, aod I acted agcordiwgly,,. I fonnd that coi^si^erabl^ sums w^re due at Gu«lph, j rincipally to workmen whn ha^ K^i^n " v«^F*Mj,cvi niuru, ana wiia lit had beoome,bH,mbr«iB'fo, their taoaey. MoWever uoauthonsed that«.pe„diture had beenf. mm^Z l«bleibr,atj«,thavmg-,made public the restAtr^s they^J.«i,put.upon.him,, /therefore taH mv^^^ore f„r.the honour a«d characteH th^ necessary to procure the funds to pay them thaW wThil^/r ■""' -™p'^*<' -for^, Id leaTe the people to starve until we received fresh t^rrJ^'"":^^' I stipulated 'how "r with h,m that all further expenditare should celL s^ut"er"2 "^'^ "^ ™''^"^'=^" but wh.t laTab' so utely n^essary, and on which I should be coh- «lted; and that, he should immediately make up eaab e ,ne to draw up a complete state of the Com- p«.ys^affa.rsm^ Canada, to besent home in time f"r the meetmgr of Proprietors ih December Tb ill th.s h^gave an appat^ntly full and free cZj'^ unfortunately for himself ahd for me, he wl^ riot mncere; h.s self-cohsequ.nce and van tyw^^ hurt a'tit tdVe n T"' '^'"^ P"' "P- '^■^ f», u L ^""^ ""* '"* ^ determination to find fault, m order to have him superseded. Had Sy be n t:';l"' "'^'"''' -/-"d-t would h"^ f^L 7 !f T'' ""-^ '* ^°"M have been better ferine; for the fact is, I have sacrificed myself S endeavourmg to save him. Never did a man Jabour more for another thaii I did for him, and f W Bw4n vety ^awrfitws^/^ rewarded for ii'^ ■"li""hHo^^t 'This feeling' bfiefelnnst, «„„„ „i..l_j' J. v* :.,- nUmber^ of p^tti^ a^h^yaric.s, to6 palpabS fc^ ^^^J^A -^x,^ ■! j^'< t&VJkl£AiAM^K«. l'2i ri^t 6r'Mj)6^tarit;^to 'tter tAbettJ ikioilia 'HotKJd b£^ 2t^jp^piP fobtln^; not f»'foii7o > 'tl)ynnd I'^'-J^i'-'ltLSt my eyes were opened^ talid) ihy fdtiinfe C6riduet determined by two oce«Kr^nces,v ^wjh^ my own justification requires na^ratiiig^ - at sdihe^ length: — the first was in regard^ftof his aecountsv After a considerable delay heisfetl about: making them up; but, instead of applying foe my assist^ ance, as might naturally have been expected, he shut himself up, in his bourse, along with a young- man he had as clerk, J should have said 5W*\jr? ^^j'^^attd who had acquired ihis ksK^wJeidge: of -accounts ia; a lawyer's office, in Glasgow* When the accounts were finishied, instead j.pf handing them to me, in accordance to th^ dir^n tious of the Gourtand his own en^gemeiit, he senli them to England; and it was not- until soine time after, tha;t copies for two periods were 4elivered| to me^ one of which was the rough draft, so altered and erased, that I could make nothing of it. T^e other I soon discovered to be little more than a coif lection of sundry separate statements he had sent to England previous to my going out, and which had given so little satisfaction, as there was merely added to them a list of the monies he had drawn from the banks of Montreal and Upper Canada, but no, notice whatever of what he had received ^ fpr Jan^ or whethfir hfi hnd nnirl it into tlio KqmI-c. a.. ,.of„;«^^ 13 hid been,soid..rrii iBixnty ,he >\i24 ,mYm4y mh most vphnainou* Jiftte, \mdev thq t4tl)?s, p^.V .y^^^pf *f.0ff8i«i wBcpived^wri J^wi,". f* List of Q%ftiof *^^i^dfacoepte4^! rList of Offers , ^<^c^^4; ♦^'^nd^setded; fopi;'; ijjttt tJiese were so confi^d that; tljerewaawtto; understanding them; and he himself confounded the List of Oifers accepted wi,th the List ^£ Offers settled for, and, inconsequence, wPofetothffiilMrectors, in April, 1828, that ^e had sold and settled for 70,000 acres ; whereas, the fact wasy tha;t, at that period, little more than 30,000 had ! been settled for. Thus betraying a complete Ignorance of! his imv> inc(mparable system, the effect of which wis to mislead the Directors, and, thTOugh them, thetProprietorsj to whom the jtate. merit was communicated in June* 1828, and waa believed by both parties until my i-etuhi; when I shewed, by a regular account I had taken in Ca- liiadal (aiid which has been corrbborated since,) that up tb the 1st October, 1828, only 40,000 acres, air together of ctkmtt reserves, independent of Quelph, h^^te^h'^dld and settled for. ..„.,.,, or i;.,r ' r v»^S at Guelph when these copies were handed to me, in the end of October; and Mr. Gait having, at the very moment, set out for York, to take leave of the old governor and to pay his respects to the new, without producing to me either vouchers or documents ; (indeed, when 1 had applied previously for some of the latter, I was told they were private accounts betwixt Mn Gait and the parties, with which I had nothihg to do ;) I saw, at dnce; the utter impossibility of my being- able to make any statement to send home in time ■m t- ■M 14/ for the meeting of ^Pmpriedorsv &t of my •remaining- in tb^ couBtii^ with awyibteniefii^o them,,! or 'iatisU fejctionf to myfsclf, as loaigitasjjHfe had> the manage'. mentV' and I therefore deteatlnined 4wy return to^iEng*-' laAd, in order to give verbally tlKDiste explanations dhd informations as to the real staite i f of ^ affairs ih Canada, that could not well be/igiveri 'mpany. I do not mean to insinuate that these ; gentlemen may not lin time ae<|tidre a th(»roagh aoquaintance witk every thing concerning the Company ^-^very far &om it; but this. experience will be > obtained at a loss of time» and a heavy expense to the Company, a great proportion of which might have been saved* Indeed, had the Court of Diuectors done justice to the Shareholders, I do not hesitate to say that they ought to have sent me back again, ha^ it only beeafor a limited time, to assist these two gentlemen in arranging and, settling the outstandiilg accounts, and putting matters on a regular footing* My knowledge of the affairs in Canada has cost the Company some money, which is now lost; whereas,, it might have been turned to account, more especial- ly as I have been kept hanging on here for six months doing little* Although I could not get on with Mr. Gait, yet with two men of business, I should have been differently situated. I speak the more boldly on this point, because, upon looking over the first account of their expenditure, (being the only one I have seen), amounting to JC 1,500 and upwards, I observed that fully one-half qf that sum had been most needlessly paid away, and a considerable portion of it will be totally lost. For this I do not blame these gentlemen: the greatest paift of that mon€!y has been paid to people in the employ of the. Company, of whom they had got no account,; or character, or caution against, and thjej^efoKethey n^tua-ally put e^mfidence in them, aad gave fthem^^hat. they applied for without suspicion. At the meeting of the 28th January, si^vptral of th#^ Shareholders expressed their di^iSati-^factiqA M do not "'QOttin< li every mm it; loss af a gre^t justice ay that it only itl^men counts, Xmi My ost the hereas, special- for six : get on iness, I eak the looking (being ;C1,500 qf that , and a fe- For Greatest in the lad got Lst^ and, 3m, and spicion. (p;ral of JtiQR at i9 the manner in which their atfain, appeared to have anTonn"*' T"'"''^^^^^ want of accoul. incliiin T *^^» ^" the^bject, and tl^eit di«.> molination to eontmue^ to, make advances withoutfr knowing exactly WW the previous ones had b.en applied; and u was recommended to the Directors to endeavour to get- some alteration or modification, of the agreement with Government. ^■^.' r^ This expression of feeling on the part of the Share- holders, appeals to have given offence to some of the Directors, and it was determined to call another ^^-t.n^ of the Shareholders, in order to learn whal their mtentions really were. One was accordingly cal ed for the 31st March ; a few days .previous to Z.^ , Tn"""''"^ '' "'"^^ ^"* ^ ^^"^ral state- S "^f^ti^T^"^'' "^^^^«' '^'^ I immediately dKl and laid before the Court a series of accounts, containing the transactions in Canada, connected witb those here, so as to sho^v the whole in one view These accounts proved that had it not been wl ^I'^'r'^'^' expenditure at Guelph, there land? I '". r \^^"- ^^' P^^«^ ^" ^^' --Je of whi b rr '' '^^ '^' ^^^ ^^^"' ^^-id, with what had been received for interest and premiums of exchange, have been more than sufficient to cover all expenses interest to Shareholders included ; and, therefore, the money sunk at Guelph, which I cal- culate at £10,000, is the only loss sustained by the^ Company since the charter was obtained; the ^-i penses attending which amounted altogether mi A2 1,000; so that the whole deficiency itt the Obm^/ panys stock will be found to be aboiit £30,000 -Mjf^ better than £3 pfer share. ^ -Jfii lo '^niinam sAi iA These accounts wei^ not prbduced^to^ithe^i>rb"' 13 2 'm 20 pfrie^oi:^,! — but, iu tlwjir plac^^ there wj^s introdjaced jinto. tjie Report, which wigiEit read tp the meeting, ^^ desuUpry sketch of tihe q?i8h,_^j;fL»sactions of ^}fe Cqmpany, in which the/asse]l^ ;were as.n^yi^^^,,?^ possible diminished, and the debts increased i by which it was shown that, after a call of £2:10 per share (£22,250), should be received, and all claims paid, there would remain in cash only about £11,000; the large amount due in Canada for lands sold and not received payment of, and for lands paid for and not sold, being as much as possible kept out of view. One might almost be led^o con- clude that there was some obj,ect iu view in these proceedings; for if there had existed any reason or wish to break up the Company, a meffe effectual method to alarm the Proprietors, so as to induce them either to sell their shares for a trifle or to for- feit them by refusing to pay any more instalments, could not have been taken. If any such design really was entertained, this statement had the de- sired effect ; for it is an absolute fact, that a number of the Shareholders present left the room, impressed wjth the belief that, after they had paid the call of £2 ; JjO, there would only remain about £11,000 of the Company's funds in existence, and that therefore it would be better for them to get rid of jtheir shares before the call was made; in consequence, some actually gave them away, and others sold them, at il,and £1 : 10 per share. Had my ac- counts been produced, this would not have happen- ed, for if wc^uld have appearecj^ ^rom ^hem.thaty takiltifir me land paid for at prim§ cost, ther shares were worth at, least £^ each., ^ 4* is prpb^Jpleryou will .be tpld, as I have been, that » these statements ^ei^'liypothetical. iind tiof aiithfintictftea; hhil betr W^'t6'yk<^ tTiy'r6irct^^d''tB'M tK6t^, but not me 6f M'^^iitf(iin(^ WoirM tdke the trouble' tcJ>o fftto thfe'irivestl^^tidiir At ahy fate, they wereiirrtich Jess hypbthe'tic&lilkn'flie^ Statement giveti. ^l'^'-^^"! ' "'Ai thi^ mfe^ting the following resolutions' We ■J)asse(i:~ *^^^^ fb')vieDt)i 9(J bliroiM ,( * ; That, under ^kisting circumstances, the Di- I* i*ecl!6fs be instracted to enter into a negotiation " with his Majesty's GJovernment to consider or re- ^ linqwish the present agreement." ' . ^^ liiat it IS the opinion of the present MGeiieral *^ Court, that no further calls on the Proprietors " Should be made without the previous consent of ■^ another GenefaF Court." ''•'Another General Court was called on the 29fh of April, when the Directors stated, in the Report, X ™* *^^ experiment of carrying on the concerns ^i t^lpompany, according to the present contract _^^ With Government, and under the provisions of the ^^ charter, had not been tried, so as to enable any one tairJy to draw the conclusion that to proceed under . that contract was either impracticable or unprofit- il^l Pt"^^' *^*^^^f«re, in the negotiation which theV W'i^^i"' instructed to open with the Cofonial ^ tMce, they found a difficulty almost Insurmount- : ^ able m making out a case entitled to the attention ^'J of Government or of Parliament, without whose sanction it is to be apprehended that' no change ^Jotild be made in the existing arrangement |!til>^^'' ' VV^ ^'^ "' grounds:to appiV jbr a ttid^ihcation of the existing contract, fjief went to the'^ecrp^rv nf Sfo+o o«,V\.^-.„A„*^J t-lS/' ,^1 >V^ requested hufe'fe breSc ^the" present' 'Company altogether, m oriler thai in « 82 •ttfeW oti^ n^ight be (onnad cmi die/h*iir8 of tho oldi *^ftit*,''iv1thoiit d6u\yi, that is-theiexact meaning of the ^^ttlHopeial that wft8 made to iSirGewgd Murray.^ — ^That I may not, howevfcr, bdaocmsedHof misreprCr sifttltfttion, I shall give the ttyrm^ of the application fiiild the reply that was giren to it in theii' own words, being a quotation from the Report made to the Proprietors at the Oeneral Meeting,, held on that day, and is in continuation of the pdm^Taph quoted ' above i-j^nu^un ads iv ih'iidnano(y<'rt oiutui oiii " ^ih w Such representations ds it ha.-^ becnl in- the <'***|)0'wer of the Difectois to offer, kiv&, ia obe- \:»v dience to the insti-uctions of the Court orf Pro- r;**' prietors, been submitted to the Secretary of State *^ for the Colonial Department, but the result has *^*** not been favourable to the hc^e of obtaining any '''^' modification of the existing contracti .A\ \\)>m *- m ■*<»i,^The Deputy-Governor had two preliminary '^'^conferences with Mr. Hay, the Under Secre- V'^*'^^ry of State; and tlie Governor, with , the ^'f*^^ Chairman of the Committee of Correspondtence, " had an official interview with his Majesty's Prin- 3fM cipal Secretary of State for the Colonial Depart- ^' " ment, Sir Greorge Murray, when they stated, fully ;'** and explicitly, the difficulty of carrying on the -'■-"'coneerir-^the apparent impossibility of making ^'"in^'irifi*' ^-/ments lO Government) unless some ^^*^fmr iitrviiigtmetiis could be made, and the pro- " ^' liable extinction of the Company^ if Government !3i» tigiiould insist upon the fulfilment of their contract. " It was suggested, as a modification thereof, " which the Directors might reasonably expect to ^' be enabled to fulfil — to. relinquish the existing *' contract for the purchase of the Crown Reserves, 23 of tha old; [ining of the J Murray.^ — >f mispeprfer application I their own ort made tq held on that raph qwoted JJTUt oiii " )oea in tlie ve, ia obe- urt of Pro- ary of State 3 result has •taining any pi^liminary cider Secre- rrwithv, the sspondfence, ^sty's Prin- lial Depart- i^ated, fully ing on the of making mless some nd the pro- lovemment iir contract, on thereof, y expect to he existing II Reserves, W. excepting only those already Uisposea of and the ^'tBemaining- poptionaubf the townships of Guelph *Kand Wilmot, beiiip k t^ whulo about 120,0QO Hf^rtM, and amounung to about £20,000 of the *^fmontjy already paid to Government— then apply- *^«ing the rest (^IVthe money so paid to the purchase ^* of tlie Huron Tract, and limiting the future ope- ^^itrations of the Company to that ubject, and to *^ rcaliaing the yalue of the 120,000 aci ^ ; whereby " the future responsibility of the 1 onru ors would ^* bo limited to about £12 : 10 : p share, at tie ^* utmost, in addition to the £ 1 ! : 10 . ) already paid *' up ; and if a rnggeHion of tfmt kip4 , ui been '^ entertained, the Directors would hat ad strong '■"^^ hopes of air/^ing on the concern, t advantage, " whether all the present Proprietors ck se to go on " with them or tot, because titey woida or^idently ^* e.vp6ct to fill up the places of those wt< might be "^inclined to withdraw, even at th€ prt m price '^* of shares,^ without imagining the CAtrt case of '* Proprietors^banooning their interest 4>r Si mitting ^' to the forfeiture bf their shares, -jrxii,! n. ^iJi^t' It wagy howeve stated in reply, that, . . the (W^'^harter ivas grante I chiefly for the purchase of 'i« the Grown Reserve , and as such recognized by r^^ the act of parliame t, any such great deviation ^'ft from it, as relinqui bing the purchase o£ those "•^^ Reserves, would be impracticable, unless by sur- '^ rendering the charter, and then entering into a ^^' ftew contract, as a netn association, which course, tloa-iam iiofljjojtihofn v :gmi^.iX9 ^tii d^iupi£ijte£l:l(^pershavQ. Adr>m 9(f ^3VI9B9/f nv/..-,' ) o^lj 'lo regularly ttnd '^officially laid befdrei him. itq nv> ■ \> / UvM . It was distiaellyi intimated that, under exist- '5 ing cireumataaces^.and if the Proprietors at large" '^ shosiild resist paying the call which the Directors" "would probably consider it their duty to make, " the instalment of £7,500, due to Government on " the 20th of June next, would not be paid, but " the intimation produced no effect; and although "the Right Honourable Secretary's deportment was '* perfectly courteous, and he appeared to pay every " attention to the representations made to him, yet " it seemed as if matters connects < with the Com- " panys contract would be left to !aj<.e their course. " This state of affairs is the natural consequence of the unexpected and, in some measure,- incon- sistent proceedings of the General Court, on the '' 31«t of March, at which, whilst it was deter- ** mined, on the one hand, to solicit from Govern- ment a modification or a relinquishment of the existing contract ; it was^ on the other hand, re- solved to deprive the Directors of the only argu- ment likely to influence Government to listen to that application. "'■■ It might easily have been anticipated that the determination at once to stop all further supplies, and thereby to embarrass the financial arrange- " ments which Government were known to have made, %\%miild be the most effectual means to prevent the '* success of any application on behalf of the Com- **ition, the first was really instructing the©iref:>'b li fi a <( a u ii u ti it n It ti J ^ ob.uNaw>i take the IMjerty (tf ias^ertiag that amodifi- catioh bf the agreement rtiiig'ht haiv«i4)C€Dl suggested, for which very good gronndsAiiyiil have been given, which Government would, tftdst {wf-obfebly, hat^ lis- tened to, which would not hatef pe^ited imy^p- plication to Parliament, and whi(?h Would httte enabled the Company to have been (Carried on with very little farther calls on the Proprietors; It was merely to have stated that^ after two years' tHal, the Directors found that th^y could not disp6se, within the year j of the quantity of land equivalent to the money to be paid annuiilljr to Govemthent, and, there&fe, requesting an extension of the time, and a consequent diminution of the annual p«ay- ments; or that Government would take, for the next five or six yefeTS, only half of what hud been stipu- lated, the other half to be paid in three or four years after the time originally allbwed in the con- tract. With this modification, and a proper atten- tion in Cfetnada to the disposing of the Crown Reserves and the peopling of the Hut-on Tractj the Company might hav<^ been carried on with a fur- ther advance of £1 or £1 : 5 : per share each year, for the next three or four years ; and, after that period, have begun to make returns to the Share- hoidefs, until all was repaid ivith a' handsome profit;^ '-^'ij'Jii 'jiijjoi -ju iiiw yyiij y/yiiyd i Jird ja;?T The following rough statement will give some idea of what the effe<5t would be, were the liint thrown oiit m the Report, of the shares being taken at the then t^ltt^ aiited oti^ -^'Ji "''^ov ,8■9rnbo^ao^jj^^ -^alaiw?epC(i9^hinCa«ada,about£ 7,500 yj bsn--) >^9, due, for lands, s(;>J4;and ^Qt( (foitsoilq ri; -paid for, about j. ....^u, ... 18,00Q,,. b'^UjsiJ, property and debt^H.due at ^JtHyro? fr -Quelph, about i\ . . V.!. . . . 5,000 .^ ^biam , ^4iQ00 ^cres at Guelph, selling .i'mffl »ffi ?r -iajt- 15#. Suppose at 10^ 12,000 U rri/hJw ^5^0 acres, Wilmot Blocks, ,w .n.rn ^xh , r ■»' a* 10*. • . i.:.,4 *U;fc,.,i;»^;.,;.v.,,n 17,500)o'Cn[t ,hi'.i: AmouiaA of :0iit% ^^Huron ufpo^iToo • ■" *fact.i, i-.;.l#L»i*)iiWi ;,»(:., Mi-r'»:.y-;'4,500 Amount paidGovemment for do. 35 000 > ov/t -iioo 0/b fif bftY/^Currency £9^,500 -nslti? 'loqo'iq n l> . mmiti.bom'' r // awo'iD 3.rh '■ Sterling ....£89,500 .>i* afi-operty in England, about ^a^q 6,500s ^9 vr^;>n?| TJji K xltiw no l):^rni?':) aood 9vj:;r [ Jiij;iiu £96,000 ,li?9'( lb: lis; Toa : d ; l:3- 7n f:i 'b^^^rr^vlr ;Aind all the profit afterwards to be gained on the Huron Tract..^ ffrj.r.to'f o-JRirr of nn'<>'>n ..r- Xfdo not give these items as being perfectly cor- rect, but I believe they will be found rather und^r tihan over the marLfTA+nt^ vr-rr-,T r r*,^ f'.:t a it Unit may be stated, that, with the exception of one gentleman, who, I believe, was opposed to these proceedings, very few of the Directors, especially the. managing ones, hold more shares than j neces- sary to aualifv them fnr the aituafmn _. i . . At this General Meeting of Proprietors, on the Ji6 k i( u ii u a ''^'" That it is ^H^'''oi)feibn'''6P'(!l^i'l'<^^tt^^ «^tfie present circuitistahdfes 6f ^K^Cte^dA^; tHete ** is'great doubt if the Pi*6jyfi^d is npt; n^^ntioned in either the act or charter, .'ta u ■ These considerations do not appear to have oc- curred to the Directors, for they contented them- selves with committing to writing the proposal which had been verbally made, and then , sending^ it toi the Secretary of State, whose reply was, that before giving a decision he must have the opinion of the Colonial Government on the subject; and thus the matter at present hangs over your heads. p Another extraordinary transaction may be men- tioned,— the Secretary of State had been threatened with the non-payment of the instalment of £7,500, due the 20th June, 1829, to which he paid na attention, yet the tlireat was put into execution^ although it, is stated in the Report, '' that the viost " ^ectual means to prevent the success of any appji^ f^^^n^^G.mprmmit in behalf ofiheComyofi^^ y^^(i,hfiJo ^p^ibanms the financial jo^rangemv^s- nmm \ w wm^^h^m Aav^ni0d^^lj^T^ <*■ 30 altKough sucU a measure must' have embarrassed and affronted a local oiKcer' (the Receiver-General) who had behaved to theGompany in the most hand*.' i some' manner, as the follbwiiig short narrativei tvill ! show. Some time previous to the payment dbl December last becoming due, directions were sent out that the funds for it were to be raised by the Superintendent drawing upon the agents of the East« India Company at Montreal, who were to reimburse themselves by drawing upon the Company in Lon don in favoui of the East-India Company* This was at best rather a strange round-about mode of , proceeding, and in which at least oney if not two' commissions would have been incurred. Neither the East-India Company, however, nor their agents would have any thing to do with the transaction. When the account of this reached the Upper Pro- vince, which was only a few days before the pay^ ment became due, the Superintendent, in his usual hasty manner, immediately sent oiF the Warden of the Forests post to the Lower Province, to i raise the money by any means, and he, to mend the matter, told every body that unless the money was raised, the charter of the Company would be for*** feited. This naturally did not enhance the credit of the Company in that quarter, and the Warden failed in his mission. These difficulties wercf- however, removed by the Receiver-General on the day of payment, who then coolly desired the Superintendent to draw a bill on London for the amount in his favour, and he would pass it, which was done. When the account of this reached St. Helenas Place, a letter of thanks, ^ated the 19th Febi'uaiy lasi^ was written by the Court of Direct'* tassed'»J ^lleral)^ iT© Willi' 3nt ikvls 'e senfci • >y the ahnmeJ Thi» ode of ^ ot tWO^' Feither agents'^' iction. r Pro- 3 pay^. I usual* i' den of ■ » raise* i- id the* y wasJ-- ►e for^i£ credit^ '^arden were,H al on ;d the 'or the which ed St.' i 19th n irec-*^ 31 tors to the Receiver-General, expressing their sense of his kindness and attention, and requesting that he would repeat the operation for the instalment due the 20th June, and that the drafts would be. duly honoured. After this it will hardly be be- lieved, but it ia absolutely a fact, that, on the 9th April following, he was again written to, to say that circumstances had occurred to prevent the Company paying the instalment due in June, and that therefore he must not take the bills, for they would not bt accepted, nor would the instalment be paid ; although, at that very time, there was, in the Bank of Upper Canada, in money and Government- securities belonging to the Company, at least double the amount, at their command. By the packet of the 24th of May he was again written to, reversing the last decision, and request- ing him to take the bills, as they would be accepted here.. It is scarcely within the verge of possibility that this last letter could have reached him by the 20th of June, the day the money was due; and even if it did, it is very probable that, disgusted with such treatment, he would decline receiving the bills, and would insist upon the money being paid him, which he has a right to do. I perfectly agree with the opinion expressed in the Report of the 29th April, " That the experiment " of carrying ©n the concerns of the Company ac- cording to the present contract with Government, and. under the provisions of the charter, have not been tried, so as to enable any one fairly to draWi.. the, conclusion that to proceed under that contract ?/ would be, either impracticable or unprofitable.'?! I tnavvd, iions Wjfiat I nave seen, (and I hope 1 shall « (( « « a i/' I II 32 not be accused of egotism when I state that the op^rtunftfes I have had have enahlied me to ac- quire a most complete knowledge of the concern,) I am perfectly convinced that, under proper manage- inent, it might be carried on to very great advantage and at a very limited additional advance of capital. 'The property at the disposal of the Company consisted of the detached Crown Reserves, scattered over the province, and of the Huron Tract in one large block. The plan which was adopted by the Superinten- dent for the sale was as follows : — • _ , ^ ^,.. . Every person who wished to become a purchaser had to address a letter to him (the Superintendent), giving the description of the lot, the price he pro- posed to give for it, and the times of payment. If the offer was accepted, an answer was given, stating so, and directing the first instalment to be paid into the Bank of Upper Canada, or at the Com- pany's office, within a month, else the offer would be void, and the land given to any other person who offered for it, — and, when the instalment was mi^^ the purchaser received a letter of license to take possession oi the lot. This plan might suit the agents of the Pulteney Estate very well, because that estate lay altogether in one compact lot, on which the agents resided, and were, consequently, always at hand, to show intended purchasers the lands and talk to them about the price ; and the letter was only filled up as a matter of form, after these points were discussed, It might also have suited at Guelph, or on the Huron Tract, when it came to be settled. But it ditfefent m regarato i very OTown in 33 wliich are scattered all over the province ; and, to have made it suit them would have required the appointment of local agents in every district, in oiHler to show the lands to applicants, explain the terms to them, and then have the letter filled up and sent to headquarters. No such thing was, however, done : parties wishing to purchase lands m the most distant part of the province were ex- pected to write to the Superintendent, wherever he had fixed the office, first at York and then at Guelph, without having any person to show the lands or state what the terms might be. The gene- rality of the applicants were Scotch or Irish emi- grants of the lowest order, many of them unable to read or write,~and yet these men were expected to sit down and write a letter to a person, one, two, or three hundred miles distant, to offer to purchase lands, without knowing exactly whether these lands were at his disposal; (many of the applications were for lands not the Company's,) and to name a price witliout knowing what was expected ; a thing perfectly repugnant to the practice and feelings of both these nations. What made this worse was, that the Superinten- dent established it as a fixed rule, that not only the letter of license, but the letter of acceptance, should be signed by himself; and, as he was frequently from head-quarters, those letters of acceptance often lay for weeks, and sometimes for months, waiting his sig* nature. In the meantime the parties got tired, and despairing of any reply, went and bought lands else- where. They were induced the more to this by the situation; of the post-oflRces in that cmmtrv ? th^^se are .34 1 yet fo>y a^d faa; between ; ,5H^id„pi;Qbal>>)y,ithe applicant resided it?n, fifteen, or twenty milfiftfrpm one, tow^th he had to scramble through s^nji;a}wf)s^jimpa^«9ble iCrossrrpad, to put in his letter, ^d tp go aga^n or $end w^eii he expected an answer; and thi^ he might repeat once, and thei give the nvatjlieF /^P' J, jam convinced if the post-offices in the province were searched, a number of these letters of accep- unce would be found still lying in thena.,, , ,hjnf .7,j3efore I left this country, I had represented. ^o the Court o^ Directors the projH'iety, nay necessity, of appointing Ustrict agents, and aiso subordinate agents at Montreal andQuebeej.^ I repeated this in Canada^ and hince my return, but witliout being attended to. The Canadian gentleman, who has now got charge, very soon saw how much they were required ; and, I beljeve, has written hoBae, that they had, or would, take upon themselves to appoint them without \faiting for> authority from tlie Court. 'f r/noi-f //■ t.'Mft frshi'T')-!'^*? ffiorf In spite of these obstacles the;.S)uperintend©Pt i«ceived ©ffers-, which he accepted,):^oiij vvcres ,'"• t HMnr..' » . t n,{ <,J '^^^ 'Th^e^ few pttftlMkn ttiay suffice to sh^w tfiat If a fair trial Wfis g-rvert, the result would be hig-hlv I have already stated that no pubiic i-eason has Wen given for my dismissal from all employment \mder the Company, after having- spent five years *1n its sei^vice (for which, I do not hesitate to say, I have been vtery inadequately rewarded ; since "While Mr. Gait lias received above £10,000, I havv) been paid ait<5g^thep l«ss than £2000,) and at a time ' ivhen my knowledge of the Company's affairs and the experience I had acquired of them might have been mad^ peOuHarly serviceable. It has been hinted «(!>' lAe that I haid not followed the instructions I ^'teceitedi These instructions are before you; and "I have stated wi»^t I did, and my reasons. Had it been intended that whoever was sent out was at J'OriCe toact hostikly agaii^ Mr. Gait, I never should have been choseh.X:B«t finding, after a fair trial, so ntany obstacles thrown in the way of myexecutirtg thfe'flrst part of my instructions, tfte tmertmningthe emct state of tht Company's affmn^ at the time of my • tirrwiai, r forfesaw th« impossibility of ever being able to fulfil, hi conjunction with him, the other parts. Peiihaps I may bie blamed for returning without leave ^ior orden^ * if ^^i I beg, in i-eply, to say that Itleft •my^hiouse and servants, and braved a winter \5oyage, ■'5iiri" ih CUnadai^as (couid »%« 'ift«de 'dWf'Md^ be(fo/«''yoii, concei vin^t it /sf !*t*. 36 higb^$t importaucti to the wQlf«icei aC tiiQ iQpncora tU^ft yQU,3hoi|Ucl be so informed; l^wtj^f tlwt iufomkutH^n has been kept back from you, it is not my fuu^, and I think it a hard cose that I sliould be the f^ufferei?, It is probable that you may be toUl that ray act ^unia are not in that order they onj^ht to have bepn. ., Qn this head I have to give the following statera^nlj irr^ Before I left this country I submitted to the Direc- tors the propriety of sending along with me a young man as clerk, who might be uader my .sj>€cial direction, and who would, at all times, . be at. my command : this was refusedr On my arrival at Guelph, I found the clerks there in a state of in- subordination, and I could get little assistance, one or two who were disposed to work having enough to do in the departments assigned to them. As I was anxious to have all the accounts there exammed, corrected, and settled, I found it necessary to un- dertake that task myself, and I laboured at it from seven in the morning until ten o'clock at night, with what assistance I could g€t, sometimes from one clerk, sometimes from another, and frequently by myself, For some months previous veiy little money had been paid to the workmen, whose wages amounted to from £150 to £200 per week, and with many of whom no settlement had been made since the commencement of operations there. In addi- tion, therefore, to constant demands for partial payments, I was frequently called upon for the balance of their accounts, in order tp ascertain which acquiately, I found it necessary to examine the entries, from the commencem'^nt, the accounts having been kept by different hands, and a great r'li t . Mfii >/ i j?i;jr' 'Ut JfAVJ > Ij^^ m ^\ of confus^oA havihg, in coni^rquenoe, ensu«cl. My ifistnictions certainly bear to take duplicate receipts ; but, in the situation I was placed, that was impossible to^ be accomplished ; and I, tht3in-i ,.{ci)? 8'(rtfi!|uio ) 'iiU I'-hiui kUi'-jfrnnviai -nl .:^nivii*f 016 ?i?«ioq ■jiaiv/oiiot adJ .ojsiofi) noiirhbij ni ,Us(i ;)»u!a 'jdi ii!9({9i liO^ 01 b-imriUii aoimim Jaf>iioip»i drft ui ')»ujsiMir;2 iiioj lo't lyjiul^. H'Mi-i'niAi in i^vo') "idi -{d ,Jqho9-i dfli 'to aJnamsuBi* JoniJaih bnj; T/;e{3 etoJoaiifl \o iiiioO 01 giHiii't a '{ftaqnioD -Mii 'Jo ja^/ifuyfiiiijm ».il hsH ^oiu3J!>n'iqxo t»i{| ifiJ'te !jk1\^AoV!-rfj«i> ««n(?7* dH«3 bo-e? i«J«uo')'>«-. i!ji;1[ o? .■mirryiHhtd-} /tmH'' 'idi io etnointtiJt^ )')oi?^ib yiitoO 911) 0} . (- 11 not be for my jmmittee he Com- peting of meeting . Should shall be t I have informa- jspect, i^nt, tt'iorqr, Oft lo't baWii «o') -idi 'f to JiuoO hwiyj JwilJ nil iioY 'inn -isjov :> HinuO'i'H'. od ion ilnik i Inw ,e-n^^:jb ion ob I ^rur^.^ baay.. Xm lot aamn odi ?,j3 novir, ,),e -^b./j u heHViqwr^ 0'j*hfmii(h^ £ 'lot i.oiJom f)/[.t .tijfit ^ biuodS .3110 iii^ i> Tj i:, TVT T^ » vmiol i i^ifjo rr^v^i amii avi^ oi Imjjj ^^,d bi>,t/^,>8 -r tr )8 ViJIII ci'.i^qaoi 1/j^i^ ihw 3(f oJ ii/nrr if ^:ff J J^ondon, 15th May, 1828, ,Ja«fi98 fikuiuid in&ibocio J^o^i' looY ^.,_ ^ . '^"* ^«^rt of Pirectors of the Canada f)ompa»y.hay^,^ appointed you to proceed to Upper Canada a» the Company's Cashier and Accountant in that province and having, by instruments under the Company's seal, entered into an agreement with you, and given you certain authority and instructions therein specified, it is unnecessary here further to repeat the same; but, in addition thereto, the following points are stated for your guidance in the important mission intrusted to you by the Court of Director*. ^ l8t.-Th^ principal objeet of your mission is to establish and .^.ntain a regular system of accounts of the financial transactions of the Company in Canada, and to transmit regularly to the Cx)urt of Directors clear and distinct statoments of the receipt the expenditure, and the management of the Company's funds in that country. You are, therefore, to ascertain as speedily as possible after your arrival in Upper Canada, the state of the Company's _.„,u.^ «^ va=« iiaii3ut;«on» m mat province, and to transmit to the Court distinct statements of the same, classifying, so far !l 40 «s it may be possiUe, the diiFerent heads of the expenditure which has taken place under Mr. Gait's superintendence. These statements will also include all suvc^ received for the Company's account, and how disposed of. They will particularize all interest which has accrued from purchasers of land or other- wise, all lands or town lots which have been disposed of, and the balances of the purchase-money remaining' due to the Company ; in short, all such materials as may enable the Court to produce, at the next annual audit of accounts, clear and distinct state- ments of the Company's transactions in America, and of their result, up to the Ist day of October next. 2dly. — You will, with the assistance of the Superintendent, collect and transmit vouchers for the past expenditure of the Company; and for the future, you will be held responsible for taking regular vouchers in duplicate for all payraents. One of these vouchers to be transmitted to this office, and the other to be filed at the Company's office in Canada. 3dly. — With a view to establish a system of checking, and facilitating- the investigation of all future cash transactions in Canada, the Court have resolved to give you authority, and you are hereby instructed to countersign the drafts or bills to be drawn by the Superintendent, — whether on the Court of Directors or on any bank or oifice of der osit, where funds shall be deposited on the Company's account. Such drafts or bills only to be drawn according to authority, to be from time to time grs'-en by the Court; and the Superintendent and yourself will be held alike responsible for the due application of the funds, so placed at your joint disiposal» according to such appropriation of the same as shall be diiected by the Court. i«iW .hutAj- ;*>ii i* a'!i*iu{u 4thly,f— You ajre authorised to i*eoeive all moneys, becoming due or payable to the Company in Canada, for sales of land or rfe-payments of advances, or othei-wise, and to grant for the same «uch receipts and discharges as may be required ; — other officers or servants of the Company will also necessarily be authorised, under the directions of the Superintendent, to receive and collect moneys for the Company's account ; — but it is the intention and the strict injunction of the Court hereby given, that all sums to to be received by whomsoever fi-Mii whatsoever source, shall immediatiely be paid into the bank or office of deposit of the Company's fiwds, and not in any case applied to the payment of 41 ^emenuorexpe.s.aofanydescriptio.. By pu^uing this Srto hi IT T'"" °" *'* ^^"P^"y'« accent L„g paid ,nto the bank, and cawied to the Companr's credit ih^ accounta of the bank wiU afford the mean/7 sat^l^i^ Qheckmg those to be furnished by you. satiMactonh % •'5tWy.-YQu will, from time to time, in concert with the Superintendent, transmit to the Court, estimates of th sum likely to be required in Canada for the maintenance of thi Com pany 3 establislunent, and for other purposes to be auth l^H Jhe Court exclu3ive of the payments to be mad6 to GovemmenT m order that the Court may have timely intimation of th Tund^ .q.sUetobeprovided,,and time to authorise the appropriation i J^f^J.^^ ^°"'* °^ ^''^''^'' ^^"' ^t *" *i»"«8. provide ample funds for aU purposes authorised by them, and of ^ich es iLat shaU have been transmitted and approved; and it will be hTld misapphcation of the Company's funds, and a b^-each of trust , any officer of the Comna.y to draw from any bank, or tl appr ' pnate to any payment or purpose, any funds of the CompL w.^out the express authority of the Court of Directors ' You' mil. therefore, see the necessity of transmitting estimates for all ^provements or operations to be, from time to time, suggested and all expenses likely to be incurred. «"ggeete"* h-> - a great mea8ure,^been left to his discretion for the present. On this subject, however, you are to confer with him, and after such coxupanson of opinions, you are to report to the Court, a. an important part of the system of management in Canada, the per- manent location of the Company's principal office, with ^^ur reasons for recommending the same. «mod« You will also, at the same time, transmit to the Court a report M^ii©etabliflhment of dftrka &/. «»««u«.»j :_ .1.. « . 9« 42 ■ervice in Canada, specifying the salary, the particular employ - ment, and your opinion of the conduct and capacity of each of thorn, in order that the Court may be the better enabled to decide on the expediency of sending further assistance to the office in that province, as well as on the practicability of making any reduction in the present establinhment ; it being always to be remembered, that it is the anxious wish of the Directors, and their strict injunctions to all persons in the Company's service, to prevent every^ avoidable expense, and to conduct the management with every possible attention to economy. By Order of the Committee of Correspondence, (Signed) Simon M'GrLUVRAV, Chairman. (Signed) John Perry, Cferk and Accountant . THE EN». \W': UARCHAHT, PRiyTHR, I !»0 « A M-COU RT, FR NB W U RCM-Jr RK RT. r employ - r each of nabled to ce to the >f making^ 'ays to be jtors, and iervice, to nagement .LIVRAY, Wff?/. RRf.T.