IMAGE EVALUATION TEST TARGET (MT-3) &^ K<^ c^^A 4^ 1.0 III 1.1 1.25 _ll 125 US ut Ui 12.2 Z as, 12.0 Photograpliic Sciences Corporation 4 1 fP V ,v <> ^. 23 WIST MAIN STRUT WiftS^SR.N.Y. USSO <71«)t72-4S03 '^"^2^ ^ ■^ ^ ^ 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 o >elure, iA 3 32X 1 2 3 1 2 3 4 5 6 V(i; r>H5 e nw ^ f- 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. lirouy the Company. Jint it would apfiear that tlu^ wants wliirh were fell and universally expressed six months ap'o l»y farmers an: 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. * m , r,{ • t I I t>. .1;.. n^i ■^