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LAND ASSESSMENT.

Treasurer‘s Office, Charlottetown, Prince Edward Island, January 18th, 1841.

IN FURTHER PURSUANCE of the Act of the General Assembl of this Island, made and lpasseddn the Seventh Year of the Reign of His.late Majesty King William the Fourth, intituled An flct for levying an Assess- ment on of! 14nd: in this Island—I do hereby give Public NoLice, that!” have made Proclamation according to the terms of the‘said Act, of the undermentioned [‘0an Lots, Water Lots and I'mu‘Fe Lots, and parts of Lots or Townships in this Island, in arrear for min-payment of the several sums due and

before-mentioned Act, viz: Town Lots in Charlottetown. Town Lot Number 75, in the Third Hundred. Penna: Loss Numbers 430 and 469, in the Royalty of Char-

lottetown. Town Lots in Georgetown.

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r . AND , PRINCE EDWARD ISLAND ADVERTISER.

“14—71

CHARLOTTETOWN, SATURDAY, MARCH 6, 1841.

HOUSE OF ASSEMBLY."

TUESDAY, February 23.

This being the day appointed for the Call of the House, all the Members answered to their names, with the exception of the Hon. .Toseph Pope and Joseph Ding- well.Esquire—the former absent from the Island, the latter from indisposition. '

REDEMPTION OF THE TREASURY WARRANTS.

The House having resolved itself into a Committee on

the State ofthe Colony, Mr. Gormao in the Chair—

Mr. Yno submitted the following Resolution :-- , RESOLVED, That it is expedient that a Bill be introduced, to authorize the Treasurer of this Island to take up all 'Treasury Warrants-now afloat, or which may hereafler be issued by the Ad- mitiistrator of the Government, from Moneys lying in the Trea- sury, arising from the proceeds of the Sale of the School Lands of this Island, and the Land Assessment, so far as such money will or may go—with aguarantee that said.money shall be refunded out ofthe general Revenue of the Island, at such time or times as said money 'may be required for its original purpose.

Mr. THOMSON said, that the money in the Treasury might as well be used by the country until it is called for. It is a folly to be paying interest on the Warrants afloat, while there is money lying dormant in the Treasury. We only seek to have the use of this money till it is called for, and then we will refund it again. '

Number 8 1st Range Letter A. u 4 u u. C II l‘ H 64 (I H I 5‘ H u 7 s: H F_ “ Q3 2d do. “ A. u élg it u it C‘ If H B. u a"; u _ tl tt “ l6 , 3d do. “ A. “ '12 “ “ B. u 5] it u F_ . “ 2 tr u u “ I5 4th do. “ B. H §|6 , u tt C. “ 16 “ “ D. Pasture Lots Numbers 25, 103, 114 and 269, in Georgetown Royalty. . l ' Pasture Lots Numbers 91, 202, 326, 484 and 485, in Prince- town Royalty. 6,545 Acres on Township Number § 1,000 “ “ 10 1,475 “ “ 25 2 33 u it 37 2,07 u u 38 7’400 u u 52 1M H L‘ 55 ’346; u u 65

And the owners of the said Lots and Tracts of Land, soin ‘arrear and proclaimed as aforesaid, are hereby notified, that in case the sums charged on theiu by the said Act, together. with the costs which have been incurred, shall not be paid \vithiu Ten Days before the next Term of the Supreme Court of Judicature, to be held at Charlottetown, application Wlll be. made to 'the said Supreme Court, during the said Term, for Judgment against the said Lots and Tracts of Land respectively. '

J. SPENCER SMITH, Treasurer.

Treasurer's Office, 15th February, I8“. ARRANTS to No. 1 l, of the date of the 2d Jan- uary, 1840, will be paid at the Treasury on demand, to- gether with the Interest due thereon. ' J. SPENCER SMITH, Treasurer. Parties holding Warrants, which come within the meaning of ' the above advertisement, are particularly requested to present the same for payment. [7’ Office hours, from 10 till 2.

Treasurer's Office, Dec. 12th, 1840. N the 8th day of November, 1838, it was ordered

by His Excellency the Lieutenant Governor in Council, ‘lhatin future all BONDS be enforced within One Montlinfler they become due. In obedience, thereto, I hereby .notify all per- sons having Bonds in the’l‘reusury, which come Within the mea- ning ofthe above Order in Council, that unless their amounts ’Ile forthwith paid, they will, without distinction, be placed in the hands of the Attorney General, to proceed thereon for re-

J. SPENCER SMITH, Treasurer.

Saint Margaret’s Agricultural Society GRAIN SHOW.

T GRAIN, will be awarded on the l7th ofMarch next, at the House of the Secretary. Show to commence at the hour of 10

o'clock.

For the best Wheat - - 0 15 0 Second best do.' . o 10 0 Third best do. - z 0 5 0

For the best Barley, - ~0 15 0 Second best do. - - . 0 10 0 "I‘hird best do. - 0 5 0

For the best Oats (Black), -. (l 15 0 Second best do. - 3 1g 3

Third best do. To be paid out of the Goods in Store. . o By Order ofthe Committee, JOHN M‘EACHEN, Secretary. N. B.—Each Sack to contain Two Busbels, and to be the growth of 1840.' ~ ' The following gentlemen are a pointed judges :— Mr. John Macdonald (James’s on, \Vest River); Mr. James M‘Eaclien, Lot 44; and Mr. Dond. Ma'cdonald, Naufrage, Lot 43. Big Bush, 12th Feb.,1841.

GRAIN snow. , BEDEQUE AGRICULTURAL SOCIETY. HE Society

and Seeds, to be ex v-next, at 12 o’clock : ' ‘ Forthe best Wheat (2 bushs.), One set Plou lt Mounting, 12s. 6d. Second best do. (do.), 1 set Horse ‘races, 89

hibitcd on‘ Thursday the 25th March

Third best do. (dog, I Hay Knife, 53.6.4], lfor the best four rowed arley (2 bushels), I set Plough Mounting, - - - 12s. 6d. ‘Socond best 0. (do.) 1 set Horse Traces, 8:. Third best do. (do.) 1 Hay Knife, 55. 6d.

for the best Black Oats (2 bushs.), 1 set Plough Mounting, 125. 6d.

Second best do. do.) 1 set Horse Traces, a...

Third bee; do. ((do.) ] Hay Knife, 5s. 6d. for the best Timothy Seed (1 bushel), 1 Scythe, 6:.

Second best do. (I do.), 1 piece Scrap Iron, 3s.10d.

The Grain to be left at the House of Mr. Thomas Hooper the 4h] previous to exhibition, and none but Membefs are allowed 40 “In to. The Secretary will attend and receive . the Grain mom 1 o’clock until four in the alfirnoon, and none Will be recei- Wed filter that hour. _ ' .

omhllbel of the Rohan Potato will be divtded among the memlm" “the Society immediately afler the Grain Show.

JOHN CRAIG, Secretary. 1 Wave. Palm-u, 15th, 1841.

INTELLIGENCE OFFICE. E Suburle begs most respectfully to inform the . Inhibitor)“ of Charlottetown, that he has this day 0 “ed “INTELLIGENCE OFFICE, at his new Store, Kent treer, when he oasis to procure Serum- for Families, at the shortest

“twain . JOHN TYBRING. N. [—Fsmifiu in want of Servants, Ind Servanu'in wwg o l 1’1"": Will please call as above. Charlottetown, February 26th, 1841.

1

RE following PREMIUMS, for the best samples of

offers the following PREMIUM! for Grain

Mr. PALMER had some very strong objections against the measure. The question was one of arather novel nature in this House; it therefore required to be approached with much caution, involving, as it does, such an important prin- ciple in the pecuniary afi'airs of the country, and affecting, as it does, so large a sum of money. The money alluded to in this Resolution had already been appropriated and set apart to particular purposes, under difibrent Statutes yet in force, and we are now going to tnake, as it were, a second appro- priation. By one of these Statutes, the proceeds of the Glebe and School Lands are to be appropriated for the purpose of promoting general Education in this Island—“ in such man- ner, and under such regulations as his Majesty, his heirs and successors, may hereafter be pleased to prescribe.” Now, do not hon. members see the inconsistency—the impropriety —-—nay, the absurdity—of meddling with this money, and endeavourin to lay it out contrary to the urpose for which it has been eady appropriated by this egislature? The control and disposal of it therefore, now rests with her Ma— jesty, and is clearly beyond our reach. Who knows, also, but what this money may have already been disposed of by her Majesty’s directions? For ought that appears to the contra- ry, there may already have been some disposition of this money, or part of it_; but we have not even inquired by Address, whether this is or is not the case. Before we would be justified in going into this measure, we should first ascer- tain this fact; after which, it will be time enough for the Legislature to'interfere with it. As for" the money arising from the Land Assessment, it is just as absurd to interfere with it. This money has likewise been appropriated to public purposes—for by an Act of the Legislature, it appears that this money is devoted to the purpose of erecting public buildings in the Colony. It is true, that a guarantee on the part of the Colony may be given, that the money shall be raised again, and applied to its original purposes; but hon. members must recollect, that this must be done in express and unequivocal terms, by an Act of the Legislature; and be (Mr. 1’.) was doubtful if a majority of the House, holding the opinions the yet seemed to do, as to the original policy_of these Acts, would assent to a. Bill of this nature. . How, in- deed, they could do ‘so, with any regard to_ consmtency, he could not imagine. But, supposing it possmle to reconcile these inconsistencies, and to get over these difficulties, the next question that presents itself to our notice is, the_policy of taking the specie out of the Treasury, and replacmgthe same with paper currency, perhaps without the least pro- bability of converting it into specie again—if we do, it may be with some trouble and delay. Once let it out, and it will be found that it cannot be called in again in a moment; it would require months on months, and even years, to put tie in our present financial plight, were we to accede to the principle of this Resolution.

Mr. CLARK said, that the more he had heard on the sub- ject, and the more he considered it, the more was be per- suaded of the expediency of adopting this principle of the Resolution. He could not see how the House would be making a second appropriation of this money; it would only availing ourselves of the use of the money for a certain time—to be repaid when called for; and as there are a num- ber of Warrants afloat, for which the country is paying interest, this interest might easily by paid out of these dor- mant funds, now in the Treasury. There would. be no danger in authorising the Government to pay off the interest on these Warrants out of this money. Such would not he's second appropriation, as some hon. members would have it. The Resolution has no such object in view; it only went to authorise the loan of this money for beneficial purposes. I

Mr. LONGWOM'H thought there was nothing hazardous iti allowing the measure to go into effect. Its adoption would be a saving to the country of at least £400 per annum. Un- der such consideration, he would go with the measure.

Mr. SPEAKER said he was at a loss to see what great ad- vantage it would be of to the country. He granted it might be the saving of two or three hundred pounds a-year, but that would be but trifling, in comparison to the risk the country would run in collecting it in again; besides this, there are many evils that would be likely to effect the colony were we to adopt this measare. It would be the means of disabling us from making good our undertaking _with the Home Government ; for, by the Land Settlement Bill of this Session, we have placed at the disposal of the Government, for the purchase of the lands, this very money, namely, that arising from the Land Tax. Were this money to be set afloat, the only persons likely to profit thereby would be the present holders of WarrantS, who would receive In. lieu thereof, the specie in the Treasury, and lend it out to private individuals on very profitable terms- 10 the end, this money would totally disappear frOm the country, leavmg in Its place the Treasurv Warrants to pay for .the purchase of the lands. Were the measure carried out, it would, in all pro- bability, be the means of inducing Government to refuse their assent to the Land Settlement Bill, when the): would find, that instead of the twney promised in the Blllttbey were to receive on] a er arrants.

Mr. Yso said, hey greatly surprised to hear what fell from hon. members repecting the Resolution which he had submitted to the Committee. _ ljle_collld “Qt 396 how the proposed measure would be injunous to the Colony. All that is asked for by the Resolution is, to apply the mic:- ney now lying in the Treasury to_redeem or Buy OE" 6 Warrants afloat, in order to save the interest accruing t ere- on. This would be a saving of from four to fiye hundred pounds per annum to the country. The. refunding of"1 this money could be secured upon the public revenue, up ap- plied, when wanted, to its original pu oses. He fe t per-

f suaded that this measure had been over ooked in the House

f Asse b1 heretofore. The proceeds of the Glebe and 0School ands—mym—had not been beneficially applied

to the. public service for the last four years. The Interest on this would have amounted to £720, but which had been lost to the country. Hon. members wish to make it appear that there will be a great risk in getting the money replaced agent—why, in six months time‘,‘Treasury Warrants could be issued to replacethe whole of it, if necessary. He could not conceive how hon. members, or, indeed, any person, could oppose a measure of such utility, except those who hold Treasury Warrants on interest‘ by some of the money- traders of Charlottetown, fbr instance. He had been inform- ed, that some of the Warrant-traders have been offering to purchase all the Warrants they can get—offering at the same t1me_to advence money on that head. For his part, he could not imagine what so many Treasury Warrants were issued for. Was it to oblige the money-traders of Charlottetown, pr to itnpoverish the Colony? He could not say whether it were for the one or the other, or for both.

.Mr. RA}; objected to the Resolution on many grounds. His objections were, first, that the plan was really borrowing money. So far as my Lord Bishop was concerned, we might depend, that if we took the money deposited in the Treasury—but of which,-said Bishop had, by the Imperial Government, been made Trustee—then he would look for interest. The circumstance of its lying unproductive did not entitle us to have the use of it without interest, and be (Mr. R.) wouldbe very unwilling that said fund, under its present. mana er, should draw interest from the productive clpsses in this land. Again, he did not like the principle of borrowmg money to be paid by the re-issuing Warrants. We were already ftilly as far in advance as prudence would warrant, and he thought the expenditure of future years would occasion the issue of as many warrants as could be circulated without depreciation. His greatest objection to the Resolution was, that last Session and this Session we had passed a Bill for the settlement of the Land, and in that we enacted, that “ all moneys that may have been collected under and by virtue of Jhe said recited Act”——that is, the Land Assessment Act—.S‘ shall remain in the hands of the ’I’teaurer of this lsland, to and for the use and disposal of Her Majesty’s Imperial Government, to liquidate, in part, the outlay and advances that may be ynade by the Crown in the purchasing of Lands in this Island.” So'me four or five thousand pounds had been collected under this Act, and in that measure which was the most important of all, had been destined to go towards the redemption of the cultivators from bondage; and now, in the same Session, and before the Council have entered on such Bill, the hon. gentleman asks us to appropriate these moneys, to take up Warrants issued to defray the ordinary expenditures on roads, bridges, &c. In any case, such a contradiction would expose the House to derision. In this case, it would have a most ina- lignant effect, for it would be made use of to shake the confidence of the Imperial Government and the proprie- tary claimant‘s in regard to our seriously intending to pay them for the Land. N 0 man at all conversant with business Would look on such a resolve as either honest towards these mrties, or prudent in regard to the interests of our consti- tuents.

If we meant to be led astray—if we meant to give (

[No. 188.

J

FISHERY RESERVES BILL. Mr. GORMAN reported the following Resolution from the Committee on the State of the Colony : -

Whereas there does not appear to be any answer from the Imperial Government, to the Bill and Address pas- sad and transmitted by this House in its last session, in reference to the Fishery Reserves, Resolved, therefore, That With the view of bringing that important subject

. to an amicable termination, which is so essential to the

benefit of Fishermen in this Island, that a Committee be appotnted to prepare and bring in a. Bill of the same tenor as that passed by this House last session.

Mr. PALMER said, that he considered the House was proceeding most injudiciously on this subject. If a Bill precisely similar to that of last session be transmitted to the Home Government, it will in all probability meet with the same unsatisfactory result. In order to prevent this he would recommend the propriety of adopting a new course. As the House still see no prospect of a concurrence with the Iseéislative Council in the principle of this measure, heéMr. Palmer) thought it therefore necessary to address er Majesty, setting forth the grounds of the objections entertained by the House of Assembly to the amendments of the Legislative Council, and the reasons which weigh with the House in adhering to the principles of the Bill of last session as agreed to here ; and the Legislative Council at the same time should be asked to join the House'in the address,set- ting forth the objections that that body may entertain to the enactments agreed to by thisHouse. This be conceived would be the proper means and the one likely to suc~ ceed ; by this the Home Government will be the better able to form a just opinion on the question, and at the same time be enabled to benefit the Colday by recomo mending some feasible measure on which the Legisla- ture may act. He SMr. Palmer) would therefore submit " an amendment to tie Resolution embodying his Vlew§ on the measure before the House. He knew very. well that this amendment would not meevwith the general approval of the House. but he would submit it, for the purpose of having his name recorded against the present mode of procedure. He concluded by proposmg an amendment to that effect.

Mr. GORM AN said, he could not go with the amend- ment The Fishery Reserves Bill of last session was past on certain principles from which he did not think it politic to swerve, more particularly as we have taken a. stand on those principles with the other branch of the Legislature ; from that branch we can eXpect bitt little assistance—we have nothing to fear from adopting this course, the Resolution is based on just grounds.