HA‘SZARD’S GAZETTE, FEBRUARY 28.

DOCUHENTS RELATING TO THE PURCHASE of the WORRELL ESTATE. Ix run House or Assiinanr. ebruary 14, 1855. RDER_ED, That the following Documents,

0

published in Charlottetown. JOHN MCNEILL, C. II. A.

Ir. Pope':—0t!'er to Sell.

(COPY.) CIIARIDTTITOWN, 19th August, 1854.

r,— For the information of His Excellency in

Council, I beg to state, that on behalf of myself

and others, interested in the Estate, real and

rsonal,formerly owned by Charles Worrell, E uire, situate in this Island, I hereby oifer to col the said Estate to the Government, in the terms of the Act 16 Vic., intituled, “ An Act for the purchase of Lands on behalf of the Government of Prince Edward Island, and to regulate the sale and management thereof, and for other purposes therein mentioned.” subject to a certain mortgage to John Hamilton Gray, Esquiie, for the sum of nine thousand pounds, currency, on which said sum interest is paid to the first day of February next eoinin , but free from all other incumbranccs, for t e sum of sixteen thousand five hundred pounds, currency, and to accept payment in Debentures. to be issued under the authority of the said recited

ct.

The Real Estate is estimated to consist of eighty-two thousand two hundred and eighty- seien acres, of which fifty-two thousand five hundred and ten acres are uncultivated.

On Townsliips : N .

.38, say, 9000 acres, ii 39, (L H 40, u 10,.-‘.00 -- « 41, -s 1s.oo0 ~ “ -l2. “ l9.‘_’00 “ Ct 43' ii 3,800 is u 00, u .os. ‘-

The lands leased are subject to an acreable rent of one shilliiigand one penny halfpcnny.

The names of Tenants. with the extent of their holdings. are shown in the Plan of the Estatc herewith subniittcd. 'l'lic Pirsonal lis- tate consist ol' Judgnieiit Debts, secured on Real 1-Estate, to the ainount of. say, two thou- sand pounds, and llent and arrears of Rent, to the ainout of several thousand pounds.

I beg to add, that the Estates are olfei-ed us l'ully and amply as l received them froiu Mr. Worrell’s 'l‘i-ustces.

have the honour, to be, Your obedient servant, V.\l. ll. Porn.

\ Hon. George Colcs, Colonial Secretary.

Special Reports oflcommissioners L i)

To His E.rccIlem'_i/ the Lieutenant Governor do.,

41., in (founri .

May it please Your Excellency ;

In ursuance of your instructions. we have examined Townships Nos. 38, 39, 0 and (36, being a portion of the Estate offered for sale by William ll. Pope, Esquire, and have to report as follows :—

13! class, 10.097 acres.-—We find 10,097 acres of a class which we think when sold would realize 11s. per acre.

2nd do., 2:),-197 acres.-2-3,-197 of a secondary class, value 5s. per acre.

3rd do., 0,500 anrcs.—6,S00 of a description which, were it not that they generally abut on farms and contain the water, we might con- sider of no value; but being so situated we consider them worth ls. er acre: a large or- tion of the same bein a ready measured with the occupied farms. ll'he portion of Township Nos. 39 and 40, occupied by Mr. Cox, has been valued to that gentleman at £1,400, and his agreement to purchase is otl'ered to be handed over to the government, the difference between which and the amount per acre. already valued in class one, is £910, to be added to the value

of that class.

5!}: r/ass.—-The amount of the Judgments entered up a ainst these Townsliips. as ex- tracted from t e general Schedule, is £1,800.

Gtli cIas.i.—'l‘he amount of arrears, as returned to the otiice of the Comuiissioncr of the Public hands, after deducting these Judgments, is

robably incomplete, but itppears to be, after deducting the above name Judgments, up- wards of £4, RECAPITCLATION.

1st class 10,097 at 11s. per acre, £5,553 7 0 2d do. 25,497 at 53. do. 6,374 5 0 3d do. 0,800 at ls. do. 340 0 0 By Mr. Cox,_ 910 0 0 Total, as valued, £13,177 12 0 1,800 0 0

£14,977 12 0 4,000 0 0

1st valuation, £13, 77 12 0

Total, with do. and aiirears, £18,977 12 0 Amountat 6s. peracre, 12.718 ‘

Excess of valuation over price asked,

} 1:459 8 0

relating to the purchase of the Wort-ell Es- tate, be inserted once in all the Newspapers

We are of opinion, that six shillin

per acre for the whole Estate mi ht bl) laid out

y the government without ris of ultimate loss. and we would further observe. in support of that opinion, that there are man mill-sites and other favorable spots with it vantageous water fronts, &c., which are worth more than eleven shillings per acre, but which we have placed in the first class, although they exceed the general average.

(Signed!) IL Charlottetown, November 8tl

Josxrn Dixcws:i.i., i, 1854.

No. 2. Cn.iiu._i:s DESBBISAY, Esouiiis. ir,—

For the information of His Excellency the 1 Lieutenant Governor in Council, the undersign- . ed Comiuissioners appointed b the government to value certain Lands offers for sale to the ggvernment by William H. Pope, Esquire, on

ts Nos. 41, 42 and 43, said to contain : Lot 41, “ 42 and

43

18,000 acres on 19,200 “

3’ u (6 have to report :

That after a careful personal inspection of the property, and also from information derived from t ie most reliable sources, they are 0 opinion, that it is worth to the government, at an average rate of six shillings currency er acre, for the whole Lands oilercd on the three Townsliips.

That if purchased by the govcriiiucnt, about 20,000 acres of the whole will probably be again purchased by the present settlers and for actual settlement by others, in q'uantitics‘of 50 to 100 or 200 acres, in the course of four yc:irs, after being olfered for sale: That about 10,000 acres of wilderness land mav be sold within a period of seven years, and about ;'>.000 acres of other wilderness lands may find piirclniscrs within ten years; and the reinaining quantity lof about 5,000 acres we consider as v.-ilutless, or at all events, the greater portion of it iii:iy Illuiollc sold for many years after the time iiieii- itioncd for the sale of the previous 5,000 acres jalready alluded to. 3‘ in arriiing at the foregoing opinion, we are goveriicd by the prices whicli we ho NJ the ; l.:inds may realize, viz :—l“or the first quantity “of:Z0.000 acres, say, about lls. per acre; isecoud, 0s. per acre; and the third, 4s. per lalt‘!‘c ; l)iit for the last or fourth quantity we do not consider, that an sale to r.-iinbui-.~e the governincnt for the purchase ought to be relied ion ; and to show as briefly as possible the pro- lbable loss or gain bn the purchase nioncy, we ’.~‘lllJlIllia as follows in round numbers: ;-‘10,000 acres purchased at (is. per acre, £12,000

llnterest on do., for 10 years, at 5

2 F.

per cent., (P000 Probable amount ofloss on Land Tax, 1,000 £19,000

To iueet this amount sa :

20,000 acres sold for about e per acre.,

Interest for six years on this, 10,000 acres sold for 6s. per acre Interest for three years on do., 5,000 acres sold for 4s.,

£11,000 3,300

, 3,000 450 1,000 ____. 1.-19,750

currency»

uhold Teuures, and no doubt also eventually‘- :reducing the prices of Lands generally _throu out the Colony to such fair rates as will ena le numbers to obtain a fee—simple interest in the soil, will more than compensate for any mode- rate loss that may be sustained by the govern- ment and the Colony in the urchase of the roperty, inspected and herewith reported on y the Commissioners.

(Signed ,) { November, 3d 1854.

Agreement to Purchase.

Msiioiuisnuii or AN AGIIIEIENT made and en- tered into this twenty-eighth day of December, in the ear of our Lord one thousand ei ht hundreif and fifty four. Between the Ilonora le William Swabey, the Commissioner _of Public Lands of Prince Edward lsland, acting under the authority of the Act of the _General_Assem- bly of the said island, passed in the sixteenth ear of the reign of Her present Majesty Queen bictoria, intituled “ An Act for the purchase of Lands on beluilf of the Governuient of Prince Edward Island, and to regulate the sale and management thereof, and for other purposes therein mentioned," of the one part,_ and William Henry Pope, of (,‘harlottetown, in the said Island, l-Esquire, and George l-Ilkaua Mor- ton, of Halifax, in the Province of Nova Scotia, Druggist, of the other purt:—Wliereiis the said \\'illiain llenry Pope, b letter dated the nineteenth day of August ast, on behalf of hiiuself and others interested in the llstates, real and rcrsonal, formerly owned by Charles Worrell, Isquirc, situate in the said island, did tender the same for sale, to the Government of the said lslaud, in the terms of the said recited Act, (siihject to a certain iiiortgagc to John llainilion Gray. lvlsquirc, for the sum ofnine thoiisaud pounds currency and interest. as, therein iiieiilioiied) lor the sum of sixtccni thousand live liuinlrcd pounds currency, \vhicii,l togetlier with the said principal inoney secured 1 on the iiiortgzige, made the sum of twciily-live" tliousaud live hundred pounds currency, as the. price of the is.ii«l l'iSl:ll(.'8, asked by the said, Williain ll<-ni'_\ l‘ope. and by the said letter the! real l'I.~tat«-s were estimated to amount to, and ‘ contain an area of eighty-two tliousand and two l|lllllll'l‘(l and eighty seven (82.2-*7) acres of land. and the said \\'illiuni Swabey, on bcliiilf_ of the tioiernnicnt of the said Island, as such; the ('oininissioner of Public Lands, has, after

E. Tiioanroiv, JAIE8 Discwi-:i.i., DONALD Barron’.

cordanco with the authority to him given under the hand and seal of His l‘i.\('cllclI<'y the Lieutc-‘ iiant (lovcrnor, of the said island. as required by the said Act, contracted and agreed with the said Williaiii llenry Pope and George lilkana .\lorton, who was also interested in the said, Estates to the extent of one fourth for the purchase of the said real and personal llstates, so tendered, (excepting out of the real I-Istutcs_ two tracts containing together nine hundred and eighty four (984) acres of'l‘ownships l\'os.‘» 39 iuid -10, since the date of the said letter, sold by the said William Henry Pope and: George I-llkana Morton to Mr. John Bcnjulllllll Cox,) after deducting which tracts, the cstiina-- ted area of the said Real Estates is eighty-onel thousand three hundred and three acres, for| the sum of Twenty-four thousand one hundred; ounds currency, and by two scveral deeds or,

Supposed loss on the purchase at the . , end Oyear , i ’l'2"U

instruments in writing made in form as required by the said Act, and hearing even date here-;

Ciin.‘~lilt‘l':lllUll of the said Tender, and in ac- -‘-

No Interest is calculated on the latter sum of With. the Sflhl Wlllhllll Henry 1'01“? and G001’:-‘.0 £1,000, as none is taken on the principal of the; Elkana Morton, with their respective wives, so urchnse iuoney beyond ten years, also none is ‘ far as the Real Estates are concerned, have con- takcn on the sales of 20,000 acres for fourl vcyed l0 the mid wlllhllll 5VVfll'€_Y9 the CW!‘ .

years, though no doubt one-fourth of it will be’ sold within two years.

With regard to the additional sum now im- mediately required for the costs of manage- ment, opening Roads, and incidental expenses, a proportionate amount to meet this will no doubt be realized from the accruing rents ; and the arrears of rent may probably, to a consider- able cxtcnt, be made available in opening new Roads on the property for the purpose of locat- in it, and as for the sales made by the late ho ders of the pro erty. they have, we find. been generally me e at such rates, that very 'kely the government will see the ropriety of reducing them; or assiniilating tliim to the future prices of of Lands sold by it ofa similar qualit on this property.

With respect to the Rent Roll furnished to the government and placed in our hands, we cannot consider it as ofany, or of much service to us, in forming our opinion of the value of the roperty, as we deem it incomplete.

e beg in conclusion to observe, that should the price named for the urehase be thought too high, and the Commissioners be considered too san nine in the calculations submitted of the

-— -

niissioner of Public Lands, and his siicccssons ‘ in o co in manner as therein incntioued—All the said lien! and P-rsonul l-Estate so tendered for sale, except Mr. tox’s tracts, above referred , to, but only eighteen thousand pounds of the. purclase money has been paid down, and the‘ alaiice of six thousand one hundred (£0,100), pounds has been retained by the (lovcrniuentl us a guarantee for their being put in lawful and peaeeable possession of the whole amount oflands so contracted to be urcliased, estima- ted at eiglity-one thousand three hundred and three acres, more or less, mid these presents are now entered into res ecting the iayincnt of the said balance of six t iousaiid one iuiidrcd pounds, and it is hereby for that purpose agreed, between the parties hereto, as follows, viz: A period of two years is hereby allowed to the Government of this Island, and the Com- missioner of Public Lands, from the date of these presents to ascertain, whether the lands and Real Estate so conveyed to the Coininission- er of Public Lands, by the said William Henry Pope and George Elkana Morton, by one of the said Deeds of even date herewith, and to which they are entitled, and can put the said the

pro able return of the value of the property Coininissioncr of Public Lands, or his successor when disposed of by the government, in the in ollice, in lawful and peaeeable ossesion, do event ofa purchase, and that on the contrary it actually and bona fulc amount to t e full quan- greater loss may arise to the government, yet ; tity at which they are estimated in Mr. Pope’s we will, we trust be allowed to remark, that in ; letter. lei‘! ML C01‘! 31'0"; that hi 90 80!. our opinion the advantage which will eventual- i eighty-one thousand three hundred and three ly grin in ch; Colony generally, by we goygm. (8 _,303) acres, exclusive of the Fishery Reserves ment being enabled to sell a large tract of Land claimed by the Government, and estimated at at moderate prices, thereby quieting number; six hundred acres after deducting such parts of of the inhabitants, increasing the rospcrit of the said Reserves u are in the ssession of

At the expiration of the said eriod of two

~ years, if it shall be ascertained t at the Lands

and Real Estates pur rted to be conveyed to the Commissioner of ublic Lands, by the said Deed of even date herewith, and of which law- ful and peaeeable possession shall have been given to im or his successors in ollice, shall amount to the full area of eighty-one thousand

hree hundred and thr e (81,303) acres over and a ve_. and exclusive of the Fishery Re- _serves claimed b the Government, which are included in the _ escription of the Lands com- prised in the_ said last mentioned Deed, and which are estimatedat six hundred (600) acres, for which no payment will be made by the Government, then the said balance or sum of six thousand one hundred (£6,100) ounds is to be paid to the said William Ilenry Pope and to Theophilus Desbrisa , of Charlottetown afore- said, Esquire, Josepi Po e, latel residing in the said Island, now of .iverpoo , in the part of Great Britain called England, Esquire, and to Samuel P. Fairbanks, attorney for George Elkana Morton, aforesaid, their and each and every of their executors, administrators and assigns, in equal shares or proportions of one thousand five hundred and twenty-live pounds currency aforesaid, by the Government of the said Island, in Specie, Treasury Notes, or Do- benturcs, issued under the said Act, at the op- tion of the Government. But if at the expira- tion of the said eriod of two years from this date,it shall have lieen ascertained that the quan- tity of Land conveyed by the said Deed of even date licrewitli, does not amount to eighty one tliou:-and three hundred and three acres, over and above the Fishery llescrvesaforesaid, or, if at that time, lawful and peaeeable possession of the Ftlltl full amount has not been given to the L'oinini.-'sio.ier of Public Lands or his successors in ollice, under the said llced, tlicu the Govern- ment are to retain and deduct out of the said balance ofsix tliousand one hundred pounds the sum ofsix shillings per acre, for each acre dclicicnt in quantity, or of which lawful and peiiceablc p.o.~:~'cs.~'ioii has not been so given; and will pay to the said \\'illi2iin llcnry1'ope and 'l'li<,-opliilus l)esbi'is:i_\', Joseph Pope and Saniuel

' Fnii-b:iiik.<, attorin-_v oflieorge l‘ill{:1ll:l Mor- ton. as aforesaid, their and each and every of their cxm-iitoi's, zidininistratois and assigiis, tho res-i«liie which shall remain duoaftcr such de- ductions from the said balance or suui of six tliousand one hundred pounds, with interest at live per cent per annum, from this date on such rc.~idue in equal shares or proportions, as afore-

"Hi . And furtlicr, ifwhen the said period of two yeairs froin this date shall have fully expired, no dc-iicieiicy in the quantity of Land conveyed or of whieli lawful and peaeeable possession has been given to the (‘oinmis.~ioncr of Public Lands, or his successors in oilico as aforesaid, exclusive of the Fishery Reserves, shall have been ascertained and declared by the Conimis- sioner of Public Lands, or his successors in olliec, or the Governiueiit of the said lsland, it shall be presumed that no such dcliciency exist, and the said William 11. Pope, Thcopliilus Dcsbrisuy, Joseph Pope, and Samuel 1’. Fair- banks, attorney of(leorge Ellianu Morton, as aforesaid, their or each and every of their ex- ecutors, adiuinistrutors or assigns, shall receive their said several and respective shares, or proportions of the said suiu of six thousand one hundred pounds, with interest as aforesaid, in specie. treasury notes, or debentures, at the option of the Governiuent. And further. ifaiiy dispute shall arise between the said William ll. Pope, Thcopliilus llesbrisay, Joseph Pope, Saiiuiel P. Fuirlianks, attorncv of George l<Ilkaina Morton, as aforesaid. and the Govern- incnt ofthe said Island, or the (‘oinniissione of Public Lands for the time being. as to thr fact of there being any deficiency in the quantity of l.:ind conveyed as aforesaid, or of wliieii lawful and peaeeable possession has been given as aforesaid, then the fact, or matter in dispute’ shall be referred to two arbitrators, to be named in the usual manner, one to be named by the Government, and the other b ' the said William Henry Pope, Tlicophilus l)cshrisuy, Joseph Pope and Samuel P. I-‘airbanks, attorney of George l-Ilkana Morton, their or eae an every of their executors, adiuinistrators and assigns, with ower to the said Arbitrators, before they proceed to the investigation, to niiinc a third party, as an umpire, w ose deci- sioii or judgment or the decision and judg- ment ofa majority of them, after investigating the matter, shall be conclusive, as to the quan- tity conveyed, or of whio lawful and peace- ab e possession has been given. And further it being understood and agreed, however, that in miiliinga calculation of the area of acres conveyed, or of which lawful and peaeeable ppssession has been given, no payment will made by the Government of the said Island, or the Commissioner of Public Lands, for the lands called ,“Fishery Reserves,” as reserved and designated in the original grants of Lands, so conveyed by Deed of even date herewith. to the ommissioner of Public Lands; nor shall the arbitrators or umpire, so to be appointed as al'oresaid,liave any power to take the same into account, as forming any part ol the l_.nnd conveyed, or of which possession sha.l be givelp which said lands termed “ Fishery llelervelo '

the Colony by converting Iaasoho it into rec-, Freeholders, or other occupants c inning title.

it is hereby agreed, amount to six build