The Backwoods of Canada Part 25

Emigrants wis.h.i.+ng to communicate with the Company should address the secretary, John Perry Esq., St. Helen's-place, Bishopsgate-street, London, or the Company's agents at outports.

VII. THE BRITISH AMERICAN LAND COMPANY.

The British American Land Company state, in their prospectus, that they have purchased from the British Government "nearly 1,000,000 of acres in the counties of Shefford, Stanstead, and Sherbrooke," in what are termed "the Eastern Towns.h.i.+ps of Lower Canada." These towns.h.i.+ps comprise "a tract of country, lying inland, on the south side of the St. Lawrence, between 45 degrees and 46-1/2 degrees north lat.i.tude, and 71 degrees and 73 degrees west longitude. This tract, containing between five and six millions of acres, is divided into eight counties, and these again are subdivided into about one hundred towns.h.i.+ps. These towns.h.i.+ps enjoy an important advantage in their geographical position. On the one side, they are of easy access from Montreal, Quebec, and Three Rivers, the s.h.i.+pping ports and great markets of the Canadas; on the other, from New York up the Hudson River and through Lake Champlain, as well as from Boston and other parts on the seaboard of the Atlantic. By their compact and contiguous position, facility of intercourse and mutual support are ensured throughout the whole, as well as a general partic.i.p.ation in all local improvements."

The terms on which the Company propose to dispose of these lands "vary according to the situation, quality, and advantages which the different lots may possess; but in the first instance they will generally range from 4 s.h.i.+llings to 10 s.h.i.+llings currency per acre, and in all cases a deposit of part of the purchase-money will be required, viz.:--On the higher priced lots one-fifth; on the lower priced lots one-fourth.

"The terms of payment for the balance will be six annual instalments, bearing the legal interest of the province from the date of sale; but should purchasers prefer antic.i.p.ating the payments, they will have the option at any time of doing so.

"The price of a building lot at Port St. Francis, for the present season (1835), is 12 pounds 10 s.h.i.+llings, payable 5 pounds cash down, and the balance in one year, with interest.

"Deposits of purchase-money may be made with the Company in London for lands to be selected by emigrants on their arrival in the country.

"By the agreement between his Majesty's Government and the Company, upwards of 50,000 pounds of the purchase-money paid by the latter are to be expended by them in public works and improvements, such as high roads, bridges, ca.n.a.ls, school-houses, market-houses, churches, and parsonage-houses. This is an extremely important arrangement, and must prove highly beneficial to settlers, as it a.s.sures to them the improvement and advancement of this district. The formation of roads and other easy communications are the great wants of a new country; and the application of capital on works of this nature, which are beyond the means of private individuals, is the best mode by which the successful settlement may be promoted and accomplished.

"The expenditure of the large sum above mentioned, will offer at the same time an opportunity of employment to honest and industrious labourers, immediately on arrival."

The office of the British American Land Company is at 4, Barge-yard, Bucklersbury, London: they have also agents at the various outports.