IMAGE EVALUATION 
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 23 WIST MAIN STRUT 
 
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 <71«)t72-4S03 
 
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 CIHM/ICMH 
 
 Microfiche 
 
 Series. 
 
 CIHIVI/ICIVIH 
 Collection de 
 microfiches. 
 
 Canadian Institute for Historical Microreproductions / Institut Canadian da microraproductions historiquaa 
 
Taohnieal and BIbllographiG Notaa/Notaa taehniquas at bibHographiquaa 
 
 Tha Instituta haa attamptad to obtain tha baat 
 original copy availabia for filming. Faaturaa of thia 
 copy which may ba bibiiographiealhf uniqua, 
 which may aKar any of tha imagaa in tha 
 raproductton. or which may aignificantly changa 
 tha usual mathod of filming, ara chackad balow. 
 
 □ Colourad covara/ 
 Couvartura da couiaur 
 
 r~| Covara damagad/ 
 
 D 
 
 n 
 
 D 
 
 D 
 
 D 
 
 Couvartura andommagAa 
 
 Covara raatorad and/or laminatad/ 
 Couvartura raataurAa at/ou paiiiculAa 
 
 I — I Covar titia miaaing/ 
 
 La titra da couvartura manqua 
 
 I I Colourad maps/ 
 
 Cartas gtegraphiquas an couiaur 
 
 Colourad ink (i.a. othar than blua or black)/ 
 Encra da couiaur (i.a. autra qua blaua ou noira) 
 
 □ Colourad plataa and/or illustrations/ 
 Planchas at/ou Illustrations an couiaur 
 
 □ Bound with othar matarial/ 
 Rail* avac d'autras documents 
 
 Tight binding may crusa shadows or distortion 
 along intarior margin/ 
 
 La rallura sarrAe paui causar da I'ombra ou da la 
 distortion la long da la marga IntAriaura 
 
 Blank laavas addad during rastoration may 
 appaar within tha taxt. Whanavar posslblo, thaaa 
 hava baan omittad from filming/ 
 II sa paut qua cartainas pagas blanches aJoutAas 
 lors d'una rastauration ap?>araissant dans la taxta, 
 mais, lorsquo cala 4tait possibia, cas pagas n'ont 
 pas *t4 filmAas. 
 
 Additional comments:/ 
 Commantairas supplAmantairas.- 
 
 L'Institut a microf limA la maillaur axampiaira 
 qu'il iui a 4tA poaalbia da aa proourar. Laa dAtaiia 
 da cat axampiaira qui aont paut-#tra uniquas du 
 point da vua bibliographiqua, qui pauvant modifiar 
 una imaga raproduita, ou qui pauvant axigar una 
 modification dana la mAthoda normala da filmaga 
 aont indiqute cl-dassous. 
 
 Tha 
 tot 
 
 I — I Coloured pages/ 
 
 D 
 D 
 
 Pagas da couleur 
 
 Pagas damaged/ 
 Pages endommagAas 
 
 □ Pagas restored and/or laminated/ 
 Pages reataurias at/ou pelliculAes 
 
 Pages discoloured, stained or foxed/ 
 Pagas dAcoior^as, tachatAea ou piquAea 
 
 Pages detached/ 
 Pages dAtachAes 
 
 Showthrough> 
 Transparence 
 
 Quality of prir 
 
 QualltA InAgale de I'impression 
 
 Includes supplementary materii 
 Comprend du material supplAmentaire 
 
 Tha 
 pos 
 oft 
 film 
 
 Ori| 
 beg 
 the 
 sior 
 oth 
 first 
 sior 
 oril 
 
 r~~| Pages detached/ 
 
 1^ Showthrough/ 
 
 I I Quality of print variaa/ 
 
 r~~] Includes supplementary material/ 
 
 Only edition available/ 
 Saule Mition diaponibia 
 
 Pages wholly or partially obacured by errata 
 slips, tissues, etc., hava been refllmed to 
 enaura the best possible image/ 
 Lea peges totalament ou pertieliement 
 obscurcies per un feulllet d'errata, una pelure, 
 etc.. ont it* fiimies A nouveau de fepon i 
 obtenir le meilleure imege possible. 
 
 Tha 
 she 
 TIN 
 whi 
 
 Mei 
 diffi 
 enti 
 beg 
 righ 
 reqi 
 met 
 
 This item is filnied at the reduction ratio checked below/ 
 
 Ce document est film* au tnux de riduction indiqui ci-dessous. 
 
 10X 
 
 14X 
 
 18X 
 
 22X 
 
 26X 
 
 30X 
 
 7 
 
 12X 
 
 16X 
 
 aox 
 
 a4x 
 
 2tX 
 
 32X 
 
tails 
 
 du 
 
 >difi«r 
 
 un« 
 
 nag* 
 
 Tha copy ffilmad hara has baan raproducad thanks 
 to tha ganarosity of: 
 
 Library Divition 
 
 Provincial Archtvat of British Columbia 
 
 Tha imagas appaa^ltiii hara ara tha bast quality 
 possibia considarmg tha condition and lagibility 
 of tha original copy a'ld in kaaping with tha 
 filming contract spi«ifications. 
 
 Original copies in printad papar covars ara fiimad 
 beginning with tha front covar and anding on 
 tha las* paga with a printad or illustratad impras- 
 sion. or tha back covar whan appropriate. All 
 ottiar original copies are filmed beginning on the 
 first paga with a printad or illustrated impres- 
 sion, and anding on the last page with a printed 
 or illustratad impression. 
 
 The last recorded frame on each microfiche 
 shall contain tha symbol — »• (meaning "CON- 
 TINUED"), or tha symbol ▼ (meaning "END"), 
 whichever applies. 
 
 L'exemplaira filmA f ut reproduit grice A la 
 gAnArositA da: 
 
 Library Diviiion 
 
 Provincial Archival of British Columbia 
 
 Lee imagas suivantas ont AtA raproduites avac la 
 plus grand soin. compta tenu de la condition at 
 da la nattetA de I'eKemplaira filmA. et en 
 conformitA avac las conditions du contrat de 
 filmaqa. 
 
 Les exemplairas originaux dont la couvarture en 
 papier est imprimAe sont filmAs en commen^ant 
 par la premier plat at en terminant soit par la 
 darniAre paga qui comporte une empreinte 
 d'impression ou d'illustration. soit par la second 
 plat, salon le cas. Tous les autras exemplairas 
 originaux sont filmAs 91% commen^ant par la 
 premiAre paga qui comporte une empreinte 
 d'impression ou d'illustretion et en terminant par 
 la darniAre page qui comporte une telle 
 empreinte. 
 
 Un des symboles suivants apparattra sur la 
 darniAre image de cheque microfiche, selon le 
 cas: le symbols -^ signifie "A SUIVRE". le 
 symbols V signifie "FIN". 
 
 Meps. plates, charts, stc. may be filmed at 
 different reduction ratios. 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, as msny frames as 
 required. The following diagrams illustrate the 
 method: 
 
 Les cartes, planches, tableaux, etc., peuvent Atrs 
 filmAs A des taux de rAduction diffArents. 
 Lorsque le document est trop grand pour Atre 
 reproduit en un seui clichA. il est filmA A psrtir 
 de I'angle supArisur gauche, de gauche A droite. 
 et de haut an bas. en prenant le nombre 
 d'images nAcessaire. Les diagrammes suivants 
 illustrent la mAthode. 
 
 rrata 
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 >elure, 
 iA 
 
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 32X 
 
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 REPORT, 
 
 —ON TUE- 
 
 AFFAIRS OF THK VICTORIA MARKET COiMPANY, Limited, 
 
 BY THE DIRECTORS, 
 
 TO THK (IKNKUAF. MliKTINli OF TIIK SHAREHOLDERS, 
 
 21st Octolicr. ls«;i. 
 
 The Directors of tlio Market ('(>mj)aiiy. in rcjMtrtiiitr to the Proprietors, l)avc to reirrot that 
 they eannot eongratiihite the Shareholders on that iiieasure of siktcss wliieh was aiitieipated at 
 the iirst 'me(^tiiig of tiie roinpanv in .linic hist, althounzh. at the same time, they aie of opinion 
 tliat the prospects of tlie nnih'rtakinjLr are of a \«'ry lio[>efal characti-r. 
 
 An.xious that the Comjumy shoiihl reaj) the advantajre of the sales of produce in the fall 
 months, the J)irectors iiastened the coniidetion of the ImiMin.iis so lliat the Market was ready 
 for oeenpation earlv in S(!ptenil)er. Many of the shareholders were in favor of a puldic demon- 
 stration at the openinir. l»iit this was overrnleil on the •.'(•oand of economy. The luildinjr was, 
 however. lirou<i'ht prominently liefore, prricultnralists and the pnldic jicnerally on tlie occasion of 
 the late Airricnltural Exhihition, which was held within the walls of tin; market. 
 
 Since that periotl. every h^j^itimate effort has Iteen made t(* .irive puldicity to tlw advania,<res 
 offered l>y the Company. Jint it would apfiear that tlu^ wants wliirh were fell and universally 
 expressed six months ap'o l»y farmers an<l others are now in arrear of the Company's efforts. 
 
 They have to report further, that the capital of the Conijiany is insuflicient to nuiintain the 
 market durinjr the current year, x\m\ that it will be necessary to obtain an increast^ of cajtital of 
 about ten per cent, for that purpose. 
 
 The Comjtany's adventure was based on a capital of j^SdOO. Seventy-five shares have been 
 subscribed. umountin<>: to ^jiTodO. K^aviiejr a deficiency of i.'apital of $!')(M). In addition to this, 
 there are seven defaulters, makiufr the deiicieney of available capital $120(1. This deficiency, 
 
 '\ '••^^]E?4 
 

 arisinfr from tlio luirodoeniod promiacrt of soind of tlio carlioHt promoters of the sfhemo, could 
 
 bo mot by lucrousinj? tlio amount of caj'h sliai'o. but us that is a matter for the decision of a 
 
 majority of the shareholders, the Directors <'an only recommeiul its u«loptiou. 
 
 The outlay on the buihliiijrs has Iturely exceeded the estimate ; wiiile the income has fallen 
 
 short of the estimato oJi account of the willuliawal of prcmiises by persons (twelve in number) 
 
 \ ho engage^ stalls prior to the oriranization of the Company. 
 
 The following is a comparative view of the estinuited and the actual monthly rental. 
 
 Mstimatcd. Actual. 
 
 Rent from stalls, lirst month !<120 ■> *t{) 
 
 Rent from other property tiO 52 
 
 $\H0 $02 
 
 Deduct rent payable to the proprietors of land 130 130 
 
 Estimated surplus of rent f^^O 
 
 Actual «lohcicncy of rent $68 
 
 The l)ire(;tors can only attribute the present want of success to the indifference of the 
 public at large : they, in common with the rest of the .'Shareholders, had no doubt that the boon 
 offered would have been largely rc^pondc^i to. and lliey still remain conlident that, in a few 
 months, when the advantages of the niaiket arc ni( re generally apinecinted, the sound liasia 
 upon which the calculations were originally framed will l>e verified, and that a handsome return 
 will be yielded on the amount of capital invested. 
 
 K. McKENZIE, 
 
 Chairman. 
 
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