IMAGE EVALUATION
TEST TARGET (MT-3)

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Photograpliic

Sciences

Corporation

23 WIST MAIN STRUT

WiftS^SR.N.Y. USSO

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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/

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

12X

16X

aox

a4x

2tX

32X

tails

>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
o

>elure,
iA

32X

V(i;

r>H5

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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