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Les diagrammes suivants illustrent la mdthode. errata j to e peiure, :on d n 1 2 3 32X 1 2 3 4 5 6 'I'BWWi m- =^ REPORT OF THE GOVERNOR AND COMMIHEE OF TUB HUDSON'S BAY COMPANY, TO BB LAID BKFOUE THE SHAREHOLDERS, On TUESDAY, NOVEMBER 28th, 1882. ^^WV^^'^'^^^^%^ ^■^^■■^^^B LONDON : PRINTERS: SIR JOSEPH CAU8T0N AND SONS, 47, BA8TC1IEAP, E.G., 4 80UTHWARK ST., 8.B. isea. te. yf ;-^7-"T''y'" w^«-.v;mi /> / C' t * f u REPORT OF THE GOVERNOR AND COMMITTEE OF TUE HUDSON'S BAY COMPANY, TO liK LAID BEFORE THE SHAREHOLDEES On TUESDAY, NOVEMBER 28th, 1882. I' u I N T K li .s : s 1 1! J () s i: r n c a v « T on am D 8 O N S, 17, EA:iTClli;Ar, K.C, AND siOl'TlIWAKK ST., 3.K. T" 1 DIRECTORS. ©obcrnor. EDEN COLVILE, Esqutre. 3IDcptttii-C)0Drrn!ir. SIR JOHN ROSE, liAi i., G.C.M.G. dommittcf. Edward William Teukkk Hamilton, Esquire. Thomas Holdswoimh Newman, Esquire. Francis Pekk, Esquire. Montagu C. Wilkinson, Esquire. John P. Gassiot, Esquire. Thomas R. Edridge, Esquire. Sandfoui) Flkming, Esquire. A General Court of the Governor and Company of Adventurers of England tradin<>- into Hudson's Buy will be held, in pursuance of the provisions of the Charter, at the City Terminus Hotel, Cannon Street, on Tuesdaj', the 28th Instant, at Two o'clock, for the purpose of Electing a Governor, Deputy- Governor, and Committee for the year ensuing. The Ballot will commence at that hour, and close at Four o'clock. By the 7th George III., cap. 48, no person can be admitted to vote who has not been in possession of Stock for Six Calendar Months, unless such Stock shall have been acquired by bequest, or by marriage, oi' by succession to an Intestate's Estate, or by the Custom of the City of London, or by any deed of settlement after tlie death of any person who shall have been entitled for life to the dividends of such Stock, The Transfer Books of the Company will be closed on Friday, the 17th, and re-opened on Wednesday, the 29th instant. By order of the Gorornor, Deputy Governor, and Committee of the said Company. W. ARMIT, Scci'dari/, Hudson's Bay House, London, November llt/i, 1882. REPORT. In accordance with the provisions of the Company's Charter, the Governor and Coininittee have issued the usual notice, a copy of which is annexed, calling a Meeting of the Proprietors for the purpose of electing a Governor, Deputy- Governor, and Committee for the ensuing year. The present Governors and J^rembera of the Committee, being eligible, offer themselves for re-election. The Company's Ships from Pludson's Bay arrived home last month, and brought portions of the returns of Outfit 1881. Further shipments have been received by way of Winnipeg and Montreal, and the remainder of the returns is expected at an early date. The total quantity of Furs collected during the Outfit is in excess of that of the previous year, while it may be mentioned that Officers in charge of many of the Districts from which these collections are made, report favourably of the position of the Company with regard to the Fur trade. Until the Fur Sales are held in spring, and the Accounts of the different departments are closed, the Committee cannot give an estimate of the probable result of the year's trade, and, therefore, they do not propose the payment of an interim Dividend. 6 The General trade conluctcd at Winnipeg in Outfit 1881 embraced a period of oi^ht ;uid a half months in Fort Giirrv, and thi'ee and a half months in the Company's New Store, where a larger and much more varied description of trade is carried on than formerl3\ A careful investigation has been made into the business and the system under which it. is now conducted, and tlie Cummittoe are glad to find that the prospects are suiliciently satisfactory to justify an extension of the trade in the Districts west of Winnipeg, which are now being opened up for settlement. The arrangements required for this purpose are engaging the careful attention of tlie Governor and Committee. During the past season the construction of the Canadian Pacific Railway has been carried on with extraordinary vigor. Nearly 500 miles west of Winnipeg can now be traversed by means of the railway, which will probably be extended to the base of the Rocky Mountains in the course of another year, while the section of the line between Lake Superior and Winnip '3, recently opened, will be of great service in aiFording further means of communication to and from tlie Prairie Country. Favorable reports have recently been received from Manitoba concerning the crops of last season, which have been secured in good order ; and it is satisfactory to add that steady progress continues to be made in extending the area of the country brought under cultivation, and in developing its agricultural resources. These facts cannot fail, in the opinion of the Committee, to prove beneficial to the interests of the Company. In the Committee's Report, published in June last, the attention of the Proprietors was directed to the large sales of Town Lots and of Agricultural Land which had been effected during the seven months ending the 30th of April, 1882. The return of the Land Sales for the subsequent period of five months ending the 30th September shows a decreased amount compared with that stated in the last Report, which resulted from the very active and unprecedented demand prevailing for Land during the greater part of last winter. The following is a summary of the Sales reported in the appendix to this report : — TOWN ■ LOTS. Lots. Price. Average per Lot. VVinnipeg .. 47 $136,750 £582 Os Minor Towns .. 821 52,990 £12 18s $189,740 £37,948 FARMING LANDS. Acres. Prioe. Averajje per Acre. Manitoba and N.W. Territory 47,505 ^302,594 30/6 British Columbia 98 2,692 47,603 ^365,286 = £73.057 — £111,005 8 This brings the <^ross amount of the Sales of the Company's Lands to £1,119,103, out of which £200,000 was returned to the Shareholders in July last, the balance, as the Shareholders are aware, bi'ini]: payable by annual instal- ments with interest at the rate of 7 per cent, por annum. These instalments the Committee are glad to report continue to be received with regularity, and a sum of about £60,000 on this account has been advised as paid in the interval between June and September last. The Account showing the receipts and expenses of the Land Department will be published as usual in June next, when the Governor and Committee will propose, should the Accounts justify it, to make a further return of Capital from the balance in hand. It will be observed that the average prices of the Winnipeg and other Town Lots announced in the last Report have not been maintained, but a higher average has been obtained for the Agricultural lands whici; have since been sold. The fact of a considerable portion of the farniirg lands sold being in close proximity to the line of railway has doubtless increased the average price, wliile th(> Company's sections at a distance from the main line beyond the boundary of Manitoba will be sold as oppor- tunities offer. Several branch lines of railway to the more northerly districts, including those of Prince Albert and Edmonton, are projected, the construction of which would open a large amount of valuable territory ior settlement, with the prospect of its being rapidly developed 9 The country in the direction of the south branch of the Saskatchewan, as yet unoccupied, will next season have the advantage of the main line of the Canadian Pacific Railway passing through it on the way to Calgarry, where several large cattle ranches have been established. On behalf of the Committee, E. COL VILE, Gorcnior 10 H O o H O m CO o H O » O B O 09 o O •>! H Pi O H ■< CI 1- CO CO O 1^ o •o o o «3 C o O O © I-- 10 CO o OS >o H o » H n to OJ IM ^ 11°' I. o ■M CO to O 't^ IC 1 CO o •>! i>. 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