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    ‘VOL. IV.

    ee

    CHAR

    um ¢ '

    THE BERALD

    is PRINTED AND PUNLIGHED EVERY WEDNESDAY MORNING

    ny :
    EDWARD REILLY,
    EDITOR AND PropRrreror,

    at his Office, Queen Street.

    TERMS FOR THE ‘‘HERALD.”
    year, paid in advance, i
    ‘© ~** hall-yearlyinadvance,0 10 0
    Advertisements inserted at the usual rates.
    TOR PRINTING

    Of every description, performed with neatness and despatch
    and on moderate terms, at the Henarp Office,

    ALMANACK FOR APRIL.
    MOON S$ PIIASES,
    Full Moon, 7th day, 3h. 4m., morn., 8. W.
    Last Quarter, 14th day, Gh. 22m., even., S.
    New Moon, 22d day, 4h. 7m., even., S. W.
    First Quarter, 29th day, 2h. 5m. even., N. W.

    For1


    (in &
    % F DAY WEER. SON | High|Moon| & S
    Ae | rises |sets |Water| sets.| 4 =
    hmh mh mh mh .m
    1 Weduesday [5 416 241449 2 812 43
    2 |Thufaday 40| 25) 5 56,257) 45
    8 |Friday 38} 26/7 6341) 48
    4 Saturday $6, 97 814 418) Bt
    5 \Sunday 35) 28'9 14) 4 54, 58
    6 |Monday 34: 2910 8) rises.) 55
    7 |Tuesday $2! 91/10 57|.7 9) 59
    8 |Wednesday $0; $211 41/8 1613 2
    9 |Thursday 28) 33 even.! 9 21 5
    10 |Friday + 96 ssi1 61022, 9
    31 |Satorday 25| 8611 50!1 20; 11
    12 |Sunday 23! 37| 2 34 morn. 14
    13 |Monday - 227 80 51 0 GS hl
    14 |Tnesday 19} 40/4 9058| 21
    15 |Weduesday 17, 41|5 3! 140) 2
    16 |Thursday 16} 43,5 581217 26
    17 |Friday 14] 44) 6 56;2 51) 80
    18 Saturday 19, 40; 7 46/3 17 54
    19 /Sunday 10; .47, 8 411 3 50) = 89
    20 |Monday 8 49/9 26) 4.18} 41
    21 |Tnesday 7; 5010 12) 449) 48
    22 | Wednesday 5, 5210 56) sets 47
    23 | Thursday 3| 5311 56) 7 52| 50
    24 |Wriday 1; 55 morn,| 8 51 fd
    25 |Saturday 0 56,0 1810 6| 56
    26 [Sunday je 57/1 S11 9! 58
    27 Monday 57) 58} 1 52/11 5914 t
    28 [Tuesday 56
    $0 |Thursday 53 | |

    Prices Current.
    ALLL LALA LALA LEE

    C iarLortrrows, April 24, 1868.
    Provisions,

    Beef, (small) per 1b. 5d to 10d
    Do by the quarter. 5d to 8d
    Pork, (carcass) 41 to 6d |
    Do (small) Sd to 7d
    Mutton, per 1b., Bal to Od
    Lamb per 1b, 4d to bd
    Veal, per lb, Sd to Bd
    6d to 7d

    Ham, per lb.,
    Butter, (fresh)

    Do by the tuh,
    Cheese, per tb.,
    Tallow, per lb.,
    Lard, per Ib.,

    Flour, per lb.,
    Oatmeal, per 100 Ibs.,
    Eggs, per dozen,

    Is Gd to Is 7d
    ls Sd to Is 4d
    3d to bd

    9a to 10d

    8d to 10d
    Sdd to 39d
    2is to VWs

    Od to 10d |

    Grain, |

    Barley, per bushel, 5s Gd to 6s Gd)

    Uats per do., 3s to 332d)

    Vegetables.

    Peas, per quart

    Potatoes, per bushel, 8s to 33 2a

    : Poultry.

    Geese, 28 Gd to Bs 6d

    Turkeys, each, 4a to 7s 6d

    Fowls, each, 1s to le 8d

    Chickens per pair,

    Ducks, 1s 5d to 1s Gd

    Fish.

    Codfish, per qtl., 20s to 30s

    Ilerrings, per barrel, 26s to 408

    Mackerel, per dozen,

    Lumber.

    Boards (Hemlock) ds
    Do (Spruce) 4s ‘o 5s
    Do (Pine). Gs 09s

    Shingles, per M 15s t. 1838

    pea tcheas aD Sundries.

    (Hay, per ton, 80s tu 90s

    Straw, per cwt 26

    Timothy Seed, 15s to 188

    Clover Seed, per lb., 1s Gil to 1s Bd

    Ifomespun, per yard, 4s to 6s

    Callskina, per lb., 6d to Od

    ides, per 1b., 4d

    Wool, Is to 1s 4d

    Sheepskins, 5s to 78.

    Apples, per doz.,

    Partridges,

    GEORGE LEWIS, Market Clerk.

    wo

    Series

    A, HERMANS,
    GUN-SMITH.
    BELL-HANGER AND TIN-SMITH.

    EGS to Inform his friends, and the public generally,
    that he has again commenced Busines on Dorches-
    tor Street, next door to the Reading Room building,
    ‘where he is prepared to execute all orders in bis line
    with neatness and despatch.
    ON HAND,

    A neat assortmont of Tinware,
    Kitchen Utensils, &c. &c.

    the patent Row Ton Corrare Por, whieh re”
    at the Paris Exposition
    ANTERNS, which will
    and suitable for either

    ineladin
    ceived the Gold Medal Prize,
    of 1867. Also, BON TON L
    : everything in the Market,
    Farm use or on board Vessels. :
    ‘A few Water Cootnrs on hand. which to ther with

    a large variety of other Stock will be sold cheap for
    ~~ ERMANS ie Agent for SAWYER'S CRYSTAL
    a new, economical and superior article used in
    washing, cent is guaran.
    teed. and for which he begs of
    ‘Taundry Maids, &c.

    whereby a saving of fift
    to solicit the patronage

    soc

    59) 2 dasa 3 | the undermentioned Town Lots, Weve Laat, Comenen
    la.ar parts ot stands, Town:
    4 4 $9) 1 40 9 |ships, or parts of sownships, in this Istand, in ‘Arrear

    First Hundred of Lots in Charlottetown :—-three-cighths

    NCE EDWARD

    PRI

    Butler’s Rosemary Hair Cleaner,
    Ai "pemtomatin tn Uahion Spat preteen ae
    » in t roperty of re.
    moving Seurf and Danduff from the Head, A \ a invi-
    gorating qualities, increasing the growth of the Hair,
    W.R, WATSON,
    City Drug Store, Nov, 23, 1867.

    ett et i

    COTTON DUCE,
    AVING been appointed Agent for the sale of the
    celebrated

    Pay ae nd see Mills Cotton Duck,
    he Subscriber is prepared to receive ordera for all th
    different Numbers, in quantities to suit purebanern, :

    I, C. HALL,
    _Charlottetown, May 22, 1867, .

    PACKET
    NUTWEEN

    SOURIS & CHARLOTTETOWN.

    ——

    Te Fast-sart.rne and Coumoprovs Schooner “A, R.
    MecDonatn,” will ran between Sours & Charlotte.
    town, calling at the intermediate ports, as soon as the

    navgaition permits,
    DOMINICK DEAGLRE, Master.

    January 29, 1868. ly

    OLD PROPERLY _

    shrifer offers to sell, by Private Contract,
    ng Property, namely:

    Queen Street, at present in the ocenpa-
    rit Reilly, Esq, and used as a Book-store

    Mee

    Oftice,

    A DWENHLING HOUSE, on Pownal Street, acca:
    pied by/Atrs, Ballenger as a Boarding- house,

    A LIQUSE, on Kin
    lengere, oceupied by itr. Dunn,

    A PWELLING UOUSE, on the rear of Eustonies to direct travellers
    Stre@, occupred by Mr, Fitzgeral, pensioner,

    Afo—the DWELLING on Q
    by the subscriber, HUGH MONAGHAN,

    Ch'town, March 4, 1868, sf

    LAND ASSESSMENT,

    Treasurer's Office,
    Charlottetown, P. ELT.
    25th January, 1868,
    he ursuance of an Act of the General Assembly
    of this Island, made and passed in the Twenty-
    fourth year of the reign of Her Majesty, Queen Vie-

    snow-storm, seeing a bush in the
    neon Street, ovenpied/ might be attracted to where the danger
    was,
    bushes set round the hole,

    DEBATES AND PROCEEDINGS
    OF TUE
    LEGISLATIVE COUNCIL.

    Frrnar, April 3rd.
    BAPTIST CHURCH BILL,

    On motion of the Hon, Mr, Balderston,
    « Bill to Incorporate the Baptist Church
    of Long Creek, West River, was read a
    second time, referred tv a Committee of
    of the whole House and reported agreed

    to without any amendmeat.

    ICK BUSHING BILL.

    A Bill to prevent accidents to persons
    travelling on the ice, in this Island; was,

    on motion, read a second time and refer-
    red to Committee,
    the Chair,

    Hon, Mr. Beer in

    Hon. Mr. Batversron: The Bill mere-
    ly says that the ice, where holes are

    made in it for digging mud or otherwise,
    “—~\|is to be bushed, so as to attract the atten-
    tion of travellers,

    Tt is not stated how

    it is tebe done, The smallest bush sot

    in the ice might be considered as com-
    plying with the Act, while it would not

    warn travellera of the danger, but would,

    perhaps, attract them to where the dans
    ger was,

    Hon. Mr. Anperson: There should

    Street, in the rear of Mrs, Sal-/be something to distingnish bushes set
    near a hole in the iee froma line of bush-

    A person ina
    ice,

    I think there should be a circle of

    Hon. Mr. Dixawetr: T anppose the

    gentleman who introduced the Bill, did
    so from the best of motives, that is, t
    gnard the public against danger as those
    mud-diggers are getting so common; but
    I apprehen? some danger as the Bill fs at
    present, for, if there is not some way to

    toria, intitaled, * An Act relating to the Land Assess distinguish between bushes set in the ice

    ment at present imposed by Law on the Town and Roy-''
    of Prinvetown,” and alsa of an Act made and/guide them, it would be better to have
    pones in the Twenty-seventh year of the same reigy./none at all,

    alty

    ntituled, "An Act to consolidate and amend the sever
    al Laws imposing an Assessment on allaLands in this

    Colony, and for the encouragement of Education,” Ibe very careful iv a matter of this
    least, while we are endeavoring to apply
    a remedy we should make the matter
    worse. It appears to me that it would
    be better to make-@ fetteemronnd those
    holes which could not be mistaken for a
    line of bushes.
    should be compelled to fence in the open-

    do hereby give Public Notice that I have made procla-
    elamation according to the terms of the said Acts, of all

    for the non-payment of the several suma due and owing
    thereon to Her Majesty, ander and by virtue of the
    above mentioned Acts, vit t=

    Aeres. dleves. {j
    TownshipNo. 3 1014 TownshipNo. 26 8194
    " & 5428 ba a7 481
    “ 8 786 “ a 3110
    «“« ll 1884 * 40 21294
    “ 13 1868 “ 41 20054
    “ 13-98), “ 42 2084
    " 16 3146 " 48 32agg
    " 17 «333 “ 4@ 20524
    " 18 166 “ ‘0 18053
    “ 19 «BSC he BL BIOS
    “ 20 9004 & 82 1097}
    “ Si sel " BA 12TR4
    “ 22 #217 as 64 1722
    “ 3 1091 « 66 2494
    * 24 «25a5 “ a8 «468
    ose 25 «4154 “ so ay
    “ 26 «1994 “ GO 2TTA4
    “ 27 «apo “ Gl 23634
    - 2 lave “ 9 2220
    " Si «so S7ah " 64 1808)
    “ 32. G23 as a ws
    st 83 908] George's Island, Sen
    “ 34 0«=—s- 264 Bunbury “* 1S
    “s 35) «—- 229) Connelly ‘* 60

    of No. 6, one-quarter of 7, one-quarter of 16, one-
    twelfth of 17, one-quarter of 22, one-quarter of 23,
    one-quarter of 24, one-quarter of 38 one-quarter of
    42, seven-twentieths of 48, one-eighth of 44, one-
    quarter of 48, one-half of 65, one-elghth of T4, one-
    quarter of 78, one-half of 83, one-quarter of 90, 97,
    Os,
    Secon?
    eight
    quart
    One-t
    one-t

    Hundred of Tots tn Charlottetown: — five-
    sof No, 6, one-half of 7, one-quarter of 8, one-
    sof M4, one quarter of 18, one-quarter of 19,
    arter of 2, one-quarter of 21, one-half of 26,
    f of 27, 31, one-half ot 43, one-half of 44, one-

    quart of 46, one-sixth of 41, three-elghths of 45,

    one-s th of 59, one-sixth of 83,

    Third hwidred of Lots In Charlottetown :—five-twellths
    of 21, five-twelfths of 22.

    Fourth hu.tred of Lota in Charlottetown :-one-quar
    ter of 6, one-half ot 26, one-half of 29, one-half of 42,
    five-cighths of 48, one-quarter of 58, seven-twelfths
    of 69, 60, one-half of @1, one-quarter of M4, one-half
    of 82, 84, one-half of 83.

    Fifth hundred of Lots tn Charlottetown reone-half o
    11, one-quarter of 12, one-quarter ef 28, one-half o
    29, five-twelfths of 62, one-sixth of 73,

    Lots in Charlottetown formerly ocoupled as the Barrack
    Square: —No, 1. 4 me

    Water Lot. opposite to Town Tot No, 97, In the first
    hundr:d of Lots in Charlottetown,

    Lots in the Common of Charlottetown :—one-third of
    11 seven-twellths of 18.

    Pasture Lots In the Royalty of Charlottetown +—-ore-
    half of No. 28, 47, two-thirds of 28, 36, 80, 48, 44, 44,
    G3, 72,153, 291, 207, 313, 399, 340, 2G7, BGR, BG9, ATO,
    871, 903, two-thirds of 399, two-thirds of 400, 49)
    402, 431 499. 531, 538.

    Town Lots tn Georgetown No, 18, Ist rango, letter A.
    One-half of No, 0 third range, letter A. No, 7, 4th
    range, letter A, No. 3, 4th range, letter D, No. 6,
    Sra range, letter F. No, 2, 3, 1 & 15, 4th range, let-
    ter F. No, 11, 4th range, letter G.

    Pasture Lote in the Royalty of Georgetown Nos, 163,
    225, 309, 822,

    Reserved Lands adjoining the Royalty of Georgetown:

    acres,

    Town Lote tn Princetown :—No. 5, Ist row, Tet divi-
    sion, letter A. No, 8, lat row, nd division. letter A.
    No. 3 & &, 2nd row, 2nd division, letter BR. No, 8, 2nd
    row, Srd division, letier B, No, 6 2nd row, 4th divi-
    sion, letter B, No. 3, Ind row, Ind division, letter c
    No. 1, 4th row, Mnd division, letter D. No. 1, 2 & 3,
    Sth row, 2nd diviston, letter BR, No. 3 & 4, Sth row,
    Gth division, letter B. Noa, 1, 2.3, 4, 6 & 6.

    Pasture Lota In the Royalty of Princetown :—Nos, 65,
    175, 240, 459, and 460,

    And the owners of the aforesaid Lots, parts of Lots

    round those holes, say four feet high, I
    think it would be the better way.

    with his honor who spoke last.
    desirous as any person to guard the tra-
    velling public against danger; but we
    want to encourage farmers in digging
    mussel mud, and if we required them to
    erect brush fences around the holes which

    o warn travellers, and those intended to

    We should
    kind,

    Hon, Mr. MacDowatp:

    Those who haul mud

    ngs, avd if a brush-fence were made

    T cannot agree
    lam as

    Ilon. Mr. Drnaweu.:

    they cut in the ice for that purpose, it
    will be imposing a very serious burden
    vpon them,

    Hon. the Presrpenr : It is not often

    that the lines of bushes which are iv-
    tended to guide travellers lead over mus-
    sel banks, but the danger is, that stran-
    gers might follow the tracks of parties
    hauling mud and would drive directly to

    where the holes were. The winter roads

    should be better attended to, for they are

    not properly bushed,

    Hon. Mr. Lorn: To place a few
    bushes near the holes would, perhaps, be
    doing more har than good. We can.
    not tell what accidents may happen. aod
    if we are going to guard against danger,
    we should do it properly. Ifa brush
    fence were put up it would be a shelter
    for the people working at the mud, but at

    ly

    much necessity for this Bill,

    Tlow. Mr. Barberston: I think that

    if a brash fence were made 34 feet high |
    around holes which the mud-diggers had |
    left, it would be sufficient. Tt would re-

    quire to be well staked so that it would

    not blow away,

    Hon, Mr. MacDonatp: Ifa row of
    bushes were put round the holes not more
    than ten feet apart, and not less than six
    feet in height, perhaps it would be sufli-
    cient,

    Ion. Mr. Dixaweit: 1 approve of
    the suggestion ot the lastapeaker, That
    would be a much better plan than put-
    ting up a brash fence,

    Ifon. Mr. Wartronne: Tam olso of
    opinion that the enggestion of his honor
    trom Georgetown(Mr. MacDonald) is
    the one most practicable and best adapted
    to meet the requirements ofthe case.
    The object.of the Bill is, no doubt, good,
    for it is highly necessary that something
    should be done for the safety of the tra-
    velling public; but this mudaligging is a
    new branch of industry, and I would be
    reluctaat to throw any obstacle in the
    way o its prosecution, To erect a brash
    fence would be liable to several objec-
    tions, Ina storm it would collect « great
    deal of snow-drift, #0 that the men, oa
    resuming their work, would find the holes

    and tracts of Land go in arrear, and proclaimed as afore-
    said, are hereby Motifled that in case sums cha
    on them as aforesaid, together with coats wh

    rred, shall not be pald before the next
    next, eae
    b- | Court daring the sald

    have been Inch

    mence on
    tion will be made to the Sapreme

    apts

    Ch'town, July 24, 1867. °

    a

    JAMES WARDURTON, Treasurer.

    Tots or tracts of

    which they had left, filled with lolly,
    which would, perhaps, take all the’

    hands a whole day to remore, A brash
    ifence would also obstruct the ingress
    Tha traveller

    ssi

    the same time, 1 do not thivk there is|_

    “ISLAND, APRIL

    -

    a

    Se a ee

    am meer

    “ne. oma

    ing at the great and rapidly increasing
    extent to which that branch of industry

    ‘is prosecuted, I thunk it is not unlikely

    that the Government will soon have to
    adopt some measures for its regulation,
    and this question will then come upin a
    different form, If it continues to be pro-
    secuted to any great extent, it will proba-
    bly be necessary to have persons appoint-
    ed to regulate it, otherwise disputes will
    be likely to arise.

    Ifon. Mr. Batperston: I wish to be
    understood. In advocating the placing
    of a brush fence around those holes, I
    had reference to those only from which
    the machines for digging mud had been
    removed, aud I am still of opiuion that it
    would be the wisest course to adopt,

    On motion of the ITlou. Mr. Mac-
    Donald, the clanse was amended by
    makivg it compulsory on parties who
    should ent holes in the ice, to place bush-
    es around them, not more than ten feet
    apart, or less than six teet high,

    Clause relaling to Fine.

    Tfon. Mr. Barvenston: I think there
    is great objection to that clause, for where
    there is such a very serious risk, I think
    it is quite absurd to impose a fine for
    non-performance of the requirements of
    the act of no more than 4s. aud as
    low as 103. I think it should be as high
    as the magistrates’ limit would permit.
    It will not affect the nan who complies
    with the act, and the man who does not,
    should be liable to a heavy fine.

    Hon. Mr. Dixawett: In my opivion,
    it ig quite snilicient as it is. I do not
    apprehend any serions accidents, and T
    would not like to impose a very heavy
    fine, A man might not exactly under-
    stand the law and it might be taken ad-
    vantage of,

    Ilon. Mr. Lorp: TI am inclined to
    agree with his honor from the second
    district of Queen’s Connty, (Mr. Balder-
    ston). The fine is perhaps high enough
    for ordinary cases, but a man might lose
    a valuable horse, and perhaps a sleigh-
    load of valuable goods, through the care-

    lessness of aman who had cut ahole in
    t
    an extra fine,
    such a law, and not impose a higher fine
    than £2 for not complying with it.

    he ice, and iu that case there should be
    Tt ia quite absurd to pass

    Hon. Mr, Dinawetn: The five is for

    rot follow that the fine is only to be im-

    The House was resumed and the chair-

    man reported the bill agreed to with an
    amendment.
    the Hon, Mr. MacDonald,
    time as amended, and passed.

    It was then, on motion of
    read a third

    WILDERNESS LANDS BILL.

    A bill to encourage the settlement and
    cultivation of public wilderness lands,
    was again referred to a committee of the
    whole House and reported agreed to, and
    then, on motion of the Hon. Mr. Mac-
    Donald, it was read a third time and
    passed,

    On motion of the Hon. Mr. Beer, a bill
    to incorporate the Baptist Church at
    Long Creek, West River, was read a
    third time and passed.

    A petition was presented to the Tlouse
    by the Hon, Mr. Muirhead, of George
    Ki. Meggison, Lot 5, praying to bo re-
    leased, tor reasons therein set forth, from
    further payment for his farm, The pe-
    tition was read and ordered to be laid on
    the table.

    Adjourned till to-morrow at eleven
    o’clock,

    Satunpay, April 4.
    LUNATIC ASYLUM.

    TIon, Mr. Hayrnorne, a member of
    the Government, presented to the Honee
    the eighteenth annual report of the Medi-
    cal Superintendant of the Lunatic
    Asylum, which was read and ordered to
    be laid oa the table.

    A bill was bronght up from the Honse
    of Assembly by the Hon. Attorney Gen-
    eral to amend the act incorporating the
    Summerside bank, which was read a first
    time, and ordered to be read a second
    time on Monday next.

    Adjourned till Monday next at eleven
    o'cloct.

    Mownpay, April 6.
    SUMMERSIDE BANK.

    A bill to amend the act incorporating
    the Summerside Bank, was read a se-
    cond time and referred to a Committee
    of the whole Touse, Hon. Mr.
    Muirhead iv the Chair.

    Ton, Mr. MacDoyarp said he was
    not fully aware of the reasons for intra-
    ducing this Bill. He believed it was in-
    tended to extend the time for the payment
    of the shares, and he thought that was an
    unusual privilege.

    Hon. Me. Hayroonne remarked that
    he was not very well acquainted with
    the affairs of Sammerside

    the bill.

    vote

    haps this was an exparte moasure.

    ank, and he
    was rather at a loss to know how to
    He had heard that
    the direetors of that Bank had not been a
    very “ happy family” of late, and per-

    Ion. Mr. Moraieansaid there was a | open
    petition before the House asking for this’ move that the clause be amended by in-

    measure, which he believed was signed
    by all the directors except himself, and
    the reason he had not signed 1t was, that
    he was not at the meeting at which it
    was drawn up. The reason for intro-
    ducing the bill was that the bank did not
    go into operation for ten or eleven
    months after the act to incorporate it
    was passed, and this bill only extended
    the time for paying the last instalment
    of the shares till next January, thereby
    giving the stock-holders the same time
    for the payment of their shares, as the
    act contemplated they should have. He
    did not, therefore, see that there could be
    avy objection to it.

    Hon. the Prestpent said that as the
    bill merely extended the time for the last
    payment of the shares, he did not see
    any objection to it, It did not entail any
    expense on the conntry or upon their
    constituencies, and he was willing to give
    it his support,

    The House being reanmed, the bill was
    reported agreed to without any amend-
    ment, and then, on motion of the Hon.
    Mr. Muirhead, it was read a third time
    and passed,

    LAND OFFICE ACCOUNTS.

    Hon. Mr. MacDonatp, a member of
    the Government, presented to the Honse
    a copy of the accounts of the public lands
    office, for the past year, and on doing so.
    remarked thet it was usual to preseni
    those accounts at an earlier period of the
    session, but the reason they were f0 late
    in being presented this year was, that by
    some mistake the two copies which had
    been prepared for the Legislature, were
    sentto the House of Assembly, Ordered
    to be laid on the table.

    Adjourned till to-morrow at eleven
    o'clock.

    Tvespay, April 7.

    A bill was brought up from the House
    of Assembly by Mr. Brecken in further
    addition to and amendment of the act to
    incorporate the town of Charlottetown,
    The said bill was read a first time, and
    ordered to be read a second time to-
    morrow,

    SAVINGS BANK,

    Hon. Mr. MacDownatp, on rising to
    move for the second reading of a bill to

    non-compliance with the “law.” It does | consolidate and amend several acts there-
    t
    posed in case of an accident.

    in mentioned, relating to the savings
    bank. said :—The object of this bill is to
    consolidate the several laws on the
    statute book, as well as to introduce
    some amendments which have been
    deemed necessary inthe savings bauk
    net. That institution was established in
    1865, and it has gone on since then re-
    ceiving deposits of small sums on inter-
    est up to this time. The amount de-
    posited has been steadily increasing, as
    is shown by the balance of interest each
    year in favor of the bank. The balance
    of interest, that is the difference between
    the amount paid to the depositors at five
    per cent. and six per cent., which tho
    money is worth te the Government, in
    1865, was £14 Gs, 74. In 1866 it was
    £51 10s. Sd., in 1867 £114 Gs., and in
    1868, that is, for the year ending on the
    first of January, £155 103. 4d., which
    just about paid the working expenses of
    the bank. The amonnt of deposita on
    the first of January, 1867, was £11,205
    Ids. Sd. and at the same period in 1868,
    it was £14085 2s, 5d., and the interest

    10d., showing that amount of money
    saved to the poorer class of people, and
    in many cases to orphan children. IT be-
    lieve it is admitted on all hands that an
    institution of this kind is a great benefit
    to any country. It enconrages saving
    habits in those who would otherwise spend
    their movey foolishly. During the ses-
    sion of 1866 an amendment to the origin-
    al act was passed, and in a despatch from
    the Colonial Office in reference to it,
    certain alterations are recommended to
    be introduced in any future act; bat t
    find that the Honse of Assembly have
    not fully embodied them io this bill, J
    will, therefore, when the louse goes in-
    to committee, eunbmit two or three ad-
    ditional clauses, with a view of carrying
    out those recommendations, One ot these
    relates to savings deposited by married
    women, and another contains a provision

    the Imperial savings bank act, for the

    as to who is tho proper party to draw
    money deposited in the bank.

    First clause: —
    Hon. Mr. MacDonarv: I am not

    be made in the days for receiving de-
    posits.

    greater nuraber of people are in town ;

    a with that opinion.

    which was paid to depositors, £727 15a- |

    similar to the 48th and 49th sections of

    purpose of preventing or settling disputes

    The bill was then read a second time
    and referred to a committee of the whole
    House.—Hon. Mr Gordan in the chair.

    aware of any reason why a change should

    The old act required the office
    to be open ov Tuesday and Friday fy
    each week, which being market days, a

    bnt this bill only mentions Tuesday, and it
    is the opinion of the officer who has charge
    of the management institation that Friday
    shou'd also be named as formerly, and I
    hours
    named in the bill for keeping the office
    open, are from ten till fonr, and as the
    othor public offices are closed at three, T

    I, therefore,

    serting the words “ and Friday "* after th
    word “'I'nesday,” and by striking ov
    ** four” and inserting * three.”

    Hon. Mr. Beer: I rise to second t
    motion to amend ‘the clause, as J thin
    such an amendment is required, Fror
    ten till three o'clock is quite long enougt
    in myopinion, to keep the office open ; br
    think a good deal of inconvenience woul
    result from only having the office ope:
    ove day in each week, instead of two, a
    formerly,’ It is gratifying to find the
    such a large number of persons are avai
    ing themselves of the advantages of th’
    institution—that they are thus. savin’
    their money and receiving interest fc
    it, which would otherwise be lying id?
    or, perhaps, spent to little purpose. —
    was pleased when the institution was 0.
    ganized, and still more so to ficd that —
    is giving satisfaction,

    Hoa, the Prestpent: T think it @
    quite necessary that the office should 1
    opentwodays ineach week, and Tue
    pay and Friday being market days, th

    people, when they dispose of their cor
    modities, will have au cpportunity of d @
    positing their money in the Bank. I
    very well pleased, as I am sure all yor
    honors must be, to see the Institutic
    prospering so well, and that the aum |
    £14,085 2s. 5d. has already been
    posited, Tt spanks very highly for
    people who have deposited such a |
    sum in such a short time.

    Hon, Mr. Dinewrtr: T am al
    pleased to see the Institution prosperin &
    and I hope it will soon be necessar
    from the increase of business, to keep th
    office open morethan two days in eact)
    week. I would like to see it open eve
    day if the salary of the officer who h
    charge of it were sufficient to compensa
    him for doing 80. 2

    %

    Ifon. Mr. MacDonatn: Iam awa
    that it is the practice of the Treasur
    now, to receive deposits on avy day |
    the week from parties coming from
    distance, in order to save them trout
    and inconvenience; but the salary pai
    for the duties of that office at preser.
    would not remunerate any person f 7
    keeping it open every day. In fact,
    would not pay to keep an office at all
    it were not combivod with another,
    is the practice in much larger Institutio
    of a similar kind, to have stated days f/
    receiving deposits, as well as for payi
    interest, so that it gives as much acco:
    modation in that respect as larger In
    tutions in other countries,

    Hon. Mr. Haytnorxe: Like yo
    honors who have spoken, I am pleaed
    find that the Institution is prospering a j
    that so many parties in the country ¢ i
    availing themselves of its advantag:
    If more would do so we would probat
    hear less abont the distress in the cor
    try. If people from the country wor},
    deposit a little of their cash in this Ba 9
    in prosperons times, they would not be ;
    often under the necessity of purchasi |
    seed on such disadvantageous terms
    the Spring. Ithink it is well to affe
    as much convenience as possible to |
    depositors. and 1 would, therefore, be
    favor of keeping the office open two di
    in each

    week,
    Amendment agreed to, ;

    ei

    i
    Fourth clause :— Fl
    Hon. Mr. MacDonyitp: I
    glad to see that clause in the Bill,
    I remember when the Act was bef p
    this House, IT made a motion to have |
    terest calculated upon deposits from —
    first day of each month, instead of &
    first day of each quarter after being ¥
    posited, but it was not agreed to, T_
    clause gives still greater advantages ©
    the depositors than I proposed giv .
    them at that “time.

    Fifth clatse:— od
    Hion. Mr. Bern: This clause ¢ 7
    that no jnterest shall be allowed c
    fractional part ofa pound, and do
    feel inclined to support it. Five per ces.
    is the rate of interest allowed, which *
    shilling on a pound, or six pence onl
    shillings, or nine pence on fifteen shilli
    so I do not see that there would
    any diffentry in calculating the amc L
    to be paid. +
    Hon. Mr. Anprrson: TI agree
    his honor, (Mr. Beer). A poor mat
    a poor child, might not have a pound
    would not, therefore, get any inte
    If a person were allowed interest on
    or fifteen shillings, it wou'd help to 2 |
    up the pound, 1 :

    Hon. Mr MacDonatp: Itis six _
    in this respect, to other Savings 1
    Acts. It is thought, that to allow iif
    est on a fractional part of a pound w i
    cause a great deal of additional la’
    and would, consequently, entail :
    alexpense. It is very easy to ealet
    interest at five per cent., i any
    aumber of pounds, but if it were o
    wise, I do not think it would be
    to carry on the Institution without
    ditional assistant in the offiee, and
    fore, Ido not thiok it is adv
    make any change in that reepeet,

    Mayes re
    t ui at benefit a
    not the rich wth de see why a
    — should pie oe jotere

    shi or 10

    al labor tothe officer, and

    the poor every possible
    (Continued on fi

    7

    do not see why this office should be kept

    till a later hour.

    File size
    28568
About
Title
The Herald -- 1868-04-29 -- Page 1
Date Issued
1868-04-29
Language
English
Type
Text
Genre
Extent
1 page
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