|

eh wae

Sco ER We ae rt

aceomplished, A good deal has been done in one yeat, and I do not think we have means te do more at present. The first Lund Pur- chase B.il met with a great deal of opposi- trom; Dut it is 8 gratifying circamstanoe that all parties have nuw cowe ty such & good understanding, respecting the utility of that measure, and | bare no doubt bat, ia # chort titae, we will be able tuaccom plieh al! thar was designed, and all that we desired, by that til. 4 do gut think the Government should be driven into ufmecessary purchases which would be prejudieial to the imcerests of the country. Fe may be tov lust as weil as too slow. i e compulsury measure were passed, or if the proprietors would vow offer to sell without such a moasure, the country might become embarrassed ; but, by taking a little tune, and by paying the proprietors @ lair

a

many thedee simple uf their furme on equitable Cees, isa strong idea wih them. It i heurt-rending to bear 8 wan sway that the aettleaent ot the Land Questiou on ether estates is ne bepefit to bun. “ What are you geing te de ter ua,” aa question often asked, and one which requires ‘nature deliverativn before itis answered. It is

a matter for careful aitting before action 1 taken |

upen It. [ know tbat seme of tue proprietors are diagucted at the very mention of coercion, and it sefa thew against accepting any terme, though T am of opinion that it would be to their advantage to sell their lands at a moderate rate, inveat Lheit capital in sgie other way, and derive their income from some other source It must be admitted, however, that there is great difficuity in the settlement of thease amall estates, and in fixing a uniform rate at which they can be pur- chased. His bever has wade seme allusion to my own tenants, but as it is unpleasant tora

of them, and I find that a desire te obtain

SE _ eee

Bill,” penned, [ suppose wade ite eppearance, and they, those famous small propretors, gave their assent toit. And how we are just cowe into power; placed here by the Terant League it may be, or by any other part:;, but placed here to represent the views ol the people, not to act ax the touls of the proprietors, and they want us tosay what weare going todo. tam obliged to his honor ‘who brought torward thie subject, for this | discussion will show us ip our true colors be- fore the perple. i ———-—— HOUSE OF ASSEMBLY.

Tursvay, April 23. | Debate on the Draft Address in answer to His Excellency s Speech (cuntinued.) | On the 4th paragraph being read, which relates

remuneration, ( have nv fear fur the result.) person to speak of himself, [ will pass that over |t, 4 further extensivn of the Laud Purchase

especially as all parties have eut the principles uf the * Laod Purchase | Biil.”’

Mon. Me. McDowaro: question of bie honur the Presuwient, whe) coostitate the Government, 1 may in!orm your hopors that it consiere of the Won. Mr. Coles, the Colon! Seeretary ; lion. Me Llensiey. | the Acturney Gonerai; and Lon. Mesers. Davies. Laird, tlowian, Caibeck, Lord, Hay-| thorne and myself. Lins honor also wishes to know who the leader of the Government was jo this House, and | reply that ther honors, ia this end of the buildiog, have dey uted that, honor to me. With resp ei te the resviutiun, L think it is, uoder the circumstances vf the | ease and at this particular juncture, the most extraordinary dycument | heve ever seen tabled. It is well known that, in 1504, when |

As regards the!

big honor’s party were in power, and bad 4) perhaps, taken the wisest course, yee L think the | pacts I a P

labsolutely necessary that

about 6,000 acres, and it was purchased at 13s. |

Od. an acre, with six years to pay it. Such terms are very favorable to the tenants, but it 1s some other parties should interpos and pay, or become surety forthe

purchase money, otherwise the tenants cannes |

avail themselves of such an offer. 1 would like te see the Government in a posituen te accept such an offer if it should be made = The teriues of the Land Purchase Bill are vot such as would induce thea proprietors Co sell, aud yet, if we raise the price we incur the danger Unat they will also raise their terms to like propertion, ae thal We tay inadverteutly locrease The price w hich the tenants will have to pay Theretore, L tiewk these suvall estates, all Che circumstances Cconsid-

ered, will bave le be dealt by degrees, so as te)

get them settled on the divest favorable Terms we ean obtain. 1 evanpathise with his bhener whe tn: troduced this subject, wud though te has vot,

jerge majorsty in both Branches of the Lagte | discussion will have its use. It shewa at ieust the

lature, wp Act was introduced, eupport of his honor, known as bie ** Fifteen Years Parchase Bill’ That, it was con- sidered, would be a panacea for ull the ils to wiweh the tenants were subject, and woa getile all the differences between them and their landlords ; but 1¢ is very evident that it has failed, and | must say | am noe suprised or disappointed at the result, fur | oever tad any great faith in it. | did not expect It was

to be that great boon to the tenaniry which |

with thel desire of all your boners woe have spoken to

have thuse estates purcuused by the } seaerent.

} ifeo. Mr

Goveru

Paver: UT was net aware that

'd hsucn a resolution was te be offered this evening,

lor that this subject was to be brought up ter | diseussion, and ain certainly net prepared to enves inte &@ question of such liaporlauce, yet ueverthe- fleet, it is a habit ef mine net to allow such la | portant questions to pass with w silent vere. 1 | wen Sorry Lihat I cunnot give my concurrence to the resolution, but that dees bel prevent me trow

nyreed to earry | The Rev. Mr. Montgemery’s estate contained | 3) 1), &eo:

| Hou. ATTORNEY GENERAL said :—I rise to | move tbat the paragraph just read be adopied. As | it principally refers to extending the operations jot the Land Parchase Bill, a measure introduced | by the Liberal party, and carried out by the late | Government, L have no doubt it willbe agreed to | by both sides of the House. No question is raised

jae to fie principles of that Bull, under the opera- j tion of which se many tenants have become tree- hoiders; the paragraph only contemplates turther efforta to enable tevanta on the estates of the Tremaining Proprietors of Towuship Lauds te participate iu its benetits. Phe concluding part ot the paragraph relates to providing tuuds. It does vot, however, seek to pledge Chis lou. Com mittee to any particular methed of raising these | tunds ; iC simply states that Che theaus of providing

them shall receive our earelal and serious cen |

sideration, Tam net aware that the Opposition intend to prepose any amendment to the clause junder consideration, therefore it is annecessary, ‘at the present stage of the debate, to enter vers | tuily lnto the subjeets Co whieh Ut refers. ‘Though 1h aw pleased that the Cunard Estate has been purchased, yet 1 belive that had the lean breugnt forward some years age by the Liberal party beer secured, that purchase could have been effected at much tess inconvenience to the Colony, than by the arrangemen oof the late Government Witt the Linperial guarantee, moury can be obtatied at a much lower rate, than under the ordinary securiiy of the local Government, benee the advantage of the measure Which we then litre. duced. Of course, those who oppsed the Loan

|

. by Judge Poters, estate. The reeeipte this year

}expressing my opiniow as te the obligation that | lies upou the members of the Geverument to the leaseholders to become freehulders, whether | “MUnciate their views when such a resulutiog is they desire tu do au or not. | Drought before your howors aud publicly discussed

1 9 Mr. Beer: No! ) Phe Lend Question is still an unsettled question;

° aad when the late Goverament caine inte power, Hon Mr. MecDownatp: Now suppose an

ite advocates attempted to show thatit would

ss Bill did it from patriotic motives. though L am ot be. But this resuviution is going to compel

opinion they were mistaken, One of tie Mout- gemery estates was alse purchased lust year, aud the wanner in which the tenaotry on that and other estates fave coms forward to secure (he i fee simple of their farms, shows that the people | generally are anxious to be relieved fre the

aid a i *«

the means they adepted as a remedy, and ove Act were passed to cowpel the proprietors to | wiih they supposed was tain and constitutional,

seli their lands, what would be the result?) gid would b= effective in putting au end lo this

They would come turward und say,

not the Guverament piace thewvelves in w|* Fifteen Years’ Purchase Bill” Phe Gest clauce, | position to make us an offer before they | vhich lays duwu the principle oi the Act is as) W hat

passed an Act to compel us to sell?” is the prasent state of the cuse? An Aci wae passed last sessivn to enable the Govern ment t6 purchase the Cunard hstete, and what ie the effect of it? [thus drained the Colony of neurly all the specte that was in it,

~Whyd d long vexed question, 1s fuunhurly Kuewu as the |

follows:

* Every tenaat now holding ander lease or de- mise frow any of the proprietors in the suid Sche-

dule uamed, or their ancestors, ur any other person | or persons from or through whom they derive |

title, their, or auy of their heirs, or asdsigus, havlag at the time of tis desiriug to exercise the right

eo that if snuther estate were now vifered, | of purchase bereiualier uiven, an nueXpired term

we have not funds ia the Colony t) purchase, it. Now, before bis honer introduced such a | resolution, he should have taken steps to

sce the Colony in a position to purchase the

nde of the remaining proprietors if they should offer to sell. Lt would be an extra- ordinary proceeding to passa uieasure to compel the proprietors tovell when (we Colony je notin es position to purchase their lunds from them.

Hon Mr. Bawa: [lie honor is misinteryret- ing the resolution. It cues rot contemplate | — any measure at present, but merely | so ask Her Majesty to concur in a meusure to he passed at a future session to coupel Chose proprietors to sell the:r lands tu the Guvern- ment, as to give their tenants the privelege so purchase the fee simple of their iarms on | fair and equitable terms.

Hon. Mr. MeDonato: Lam willing to admit the explanation of bis bonor, tur it very oeurly bears out what [ fuve stated. Then the rewiution speake of requesting Hier Majesty aot to withdraw tre Troops stationed here, till suth measure shall have become law. Weill, it 1s evident thatil we

lin their object.

of not less than forty veurs, uuder written demise, in any of the Pownsiip Lands of such Proprietors, therein mentioned, shail have a right or opin to purcliase the fee simple of the inuds, so heid by him, wider lease or demise, ut the rates herein- after mentioned, that is to say: during the period of ten yerrs, from the day when this Act shail come into force, every such teuant shall have a right or optic u to purchase such fee simple, at fifteen year's purchase of the yearly reut reserved, aud made payable by and ucder such deutise : Provided always. that in any Case Where the said yeurly rent, during the first portion or years of the term, shall be less tian the yearly reut reserved during the residue of such term, tre awount of the purchase money shall be computed by a the maximum, or full rewt reserved. aurlig the residue of such term, by the nuasuber of years, pur- chase at which such teuunt may, under the pro- vision aforesaid, be entitled to purchase.’

Now, when that bill was puased if was pronounc- ed to be unacceptable to the people who were most iutercated in ite provisions, Many of those whe sat in the Legislature at that ture, and the great body of the public characters outside, did all they could to render that bill as unpopular as possible, and [ contess they succeeded prete¥ well The bili was pronounced ui dust, because it fixed the purchase money al lov ugh a rate. While amidst this agitation (here were degrees of vuinions, Que class sprung up and ¢3-

leasehold system = = A schetne for raising funds to pay for proprietary lands may have to be uetured laud brougat forward, but ne pledge to that effet iscentatied iu the paragraph vow betore this bun. Comuntitee

| Hen. LEADER OF THE OPPOSITION — [Mr Coatraan, tt te not uy intention to off any lamendment te the paragraph, the adeplion ol which bar just been moved by the Hon. Atlornes | General, but some of nis remarks call tor a reply

He appears to think that all the patriotisan of tits

lhon. fouse isen the side of the present majority , |

Htheir sole birth right,—in feet, that i is nothing | shertot plunder tor this side ot the House to meddie jwith that question. Sir, in my optuten, the | Conservative party have effected quite as much as ever the Liberals did, to eatranechise the lenantry It bas been stated that the Conservatives simpiy carried ou tbe operation of the Land Purchase Bil, alter it bad been passed by their political opponents. | new state that the Land Purchase

House.

It was intredueed in Tso% by the hen | Leader of the Government, and the ouly oppesi-

j tie offered to il was brousht torward by a mem i ber of their own party—the Hon. Mr. Mooney, |The amendment proposed by that gentlemen is the sole oppostiian to the Purchase Bill, whien has a place ou the records of this Lleuse. ‘This being the case, the Conservative party bad as good a right te carry out its principles as the Lib- eral Geverument. Lt bas also been stated, during the course of this debate, ihat the Land Com- lmission scheme, introduced by the Hou. Col | Gray, did more to injure than benefit the cause of ithe tenantry. LT ecanuet agree with that opinion, bul contend, on the contrary, that tbe Comission | was productive of a great umount of good. It se happened that the Commissioners’ Award was | senst approved of by the luperial Government;

eend puch @ sequest tw Her Majesty, the COM rodlished theuselyes as what is known as the) Us tailure, however, cannot be charged against

dition on which they would be allowed to remain would be, that we would bear the whole expense of maintaiming them here, ancluding their daily pay. Tuat would en- tail an amount ct expense upon tie Culony much beyond any berefit that world result from their being retamed here. The churges for accommodation and other incidental ex- perses amount to a very considerable sum ut | present, and is very heavily feltby the Colony,

“Tenant League,’ whe weut many degrees further and said the price should be very much stallerand that the landlords should be compeil- ed to aceede Ww that swaller price. Whether any detinite price was fixed upon by the objecting parties 1 do not knew, but they were all ot opinion that the purchase wouey should be very materiaily reduced. They even went se tar as lo } put their threats lute execution loa certati ex: |

resisted and rent withbeld from them, and they

the Conservative party, woo did their ufmost te have it carried into effect. The first opposi-

tion shown te it was by the Liberal press of thet 7

Colony; and, so suceeastul were the efforts of their organ, the Ecaminer, to excite a prejudice against it, that Hou. Mr. Howe, of Nova Scotia, the Commissioner on behalt of the tenantry, was burned in + t¥igy in one or more parts of the Island.

time to examine inte the Award, they becawe cou- vineed that, if ouly contirmed, its operation would

how then eould we bear the wholy expense ltent. However, as their proceedings went ou, they | be mere bevefictal to their interests, than had

at their maintenanes? Therefore, [think | caw their folly and altered their opinions of right) been set forth by the

at would be rather en injury to the Culuny | than otherwise, to have the Troops stationed | here upon these terms. [lis honor stated that he wished to give the Government all) the support ip his power, as be velieved they | mere sincere in their desire todo what wae) best fur the interests of the country in this matter. and | am pleased to hear that such

and wrong, aud ultimately they came low Wiser | cosclusion, by revising ther constitution, which Is | published tu he world, that the landioids should | not be resisted by physical torce, but compeljed | by Jegislativs compulsory enactment to accept a | certain small and fixed sum tor their lands. That body of people is represented largely in te Legis: |

Liberal press. covery Was too late. Phe Award was objected to by the proprietors --enceuraged, it may base been, by the opposition fe itin this Colony=-and that objection was held as valid by the Imperial authe- riiles, was tejected, out of it arose the Fifteen Years’ Purchase Bil. Vhat weasare, 1 am aware. has

‘lature avd in the Government, sod L waut te} been strongly denounced as worse thau useless ; iknow now, when this question is brought up, Li butd maintain that it has been attended with

we hie iotention. Now, the Goveroment have) wonid not have brought i up, but looking at the | benetic to uot a few of the teaautry. Qoe object. nad this subject under eonsideration, and & yj easures | have advocated ever since | lave Deen | at least, it accomplished ; it was the means of Te-

bill w untruduced in the Youre of Assembly in the Legislature. whicu bave been uoitorm, and | ajtiing to enuble them to obtain a Lown, with «) many ot toe liberals bave come round Co tay Views, | { kuow, sew to purchasing out the rights ul the pro- i] suy I want to knew now what liey jutend to} Deen collected,

prietore who yet remain, as weil as to pay) instalments which wil] soon become due on) purchases alreudy made, and when that bill | comes before thie House, [ trust it will have | hie honor’s support. Alter thar bill will have become jaw, then it the proprietors) refuse to uccede to the propositions of the Gogernment, or to uceept a fair aud equit- @dle price fur their iands. it would be suffi-| cient time ty introduce such u resvluticn as | the. But | must say, stould use every means in our power to_ induce those Proprietors to take w lair price, | beture we would ask Uer Majesty to give her | sanction to such « measure. The resulutive | has not been seconded so far, and L smagine that there will be good sense enough amung your honors to decline passing it, when the | Government are using every exertion to per. | Chase out the rights of the proprieture vn | fair and equitable terms.

Hon. Mr. HayrHowne: I must say I think his Sonor bas taken op this measure under a wmisap- pretension, wed trom what I know of bis public apirit, be will be ielined to support every good meBeure that is brought forward, :o thot, rf we are | fortunate enough te introduce a good ee, we may esi bie hever's support. Thereiore, Lihiwk | may take upon wyselt te ask his honor to w ithe | diraw hie reselution, and I do se with contidesce | atter what hes been staied by bis onuer trom | Georgetown (Mr. MeDowald), and aso, ux J aun | aware that two of the remaining proprietors} are inclined to eell their ‘ands on terms whick Are net very unreasonable. PE think 1 would net be very politic to pase any measure at the pre: |

do. Lt becomes the Government of the day to state fairly avd openly to the country at large Whether they intend te make an amendujent bo | that “Land Purebase Bill,’ and reduce the price | at Which the proprietors will be compelled ty sel | te such a rate as will wake it acceptable to Che |

j people. They have a large majority la the Legie

lature, and “the tune bas arrived” when they | should come out honestly and declare whether they are going to taae up that © Laud Purchase Bil,” whieh ie a compulsory bill new, though it is

i i

and aimeud it 80 as ty Coimpel Chose proprietors in | take w smaller sum than the Purchase.” If they think ley cannot do se, 1,

think it behoges them to set tbe matter at rest, |

have come to that cou | ’

interesied ” J way if Uvy clusion, they should pronounce it openly and set

a large amount ofarreats ofrent. Some, affirus that those arreare could never have As the agent for ihe Montgom-

eyy estates, [am ina posiiion to state, trem: per-

| sertpatd kuowiedge, that a large propervien ot the

arrears due on them, which that Bull remitted, could lave been recovered. 1 contend, alse, that the privilege of obtatming the tee simpie of their tari, at JS years’ purchase, was a beat to the tenauiry on ynany of the estates. On Cunard’s estates, the lowest price at which the reuant could purchase was 20s an acre; and the Messrs. Montgewery would wot sell there lauds in detached furtus at any price. The operation of the aly

: ly

that [I think we | only binding Hpou acertati class of the proprietors, | teen Years’ Parchase Dill, as it would eventua

break up the estates lotoe tragiments, was the

* Fitteeu Years’ | means, | beheve, of bringin g both the Cunard and

Montgomery properties into the market, Another objection urged against that Billis.that it contivmed

| by saying “it cannot ve doue, 1 would be unjust | the Fishery Reserves to the proprietor, But, Sir, j and inexpedient, without the consent of the pardes | gdinitting this to be the case, it 18 mere advanta-

geous to the tenant te pay bs. au acre rent lo the proprietor fer the reserves, than that be sheuld

the question at resi, L have offered these remarks | pay such a rent for thew as aight be exacted at

in aw very crude way. my mind at the mement; but L think that i ever the question is lo be setiled, the party i new in power upon Whew rests the responsibility ot doing it. at this late hour of tbe session, when the grass is veginuing tolook green, and ibere is every symp: town of blooming spring, Wwheo the birds are siug- ing werrily, aud the Gees are budding, but I would

ot what tory intend to do tek session, so us To sutisty parties outside, and put auend to this ayitation, and, pertaps, it would alse have sete effect in deciding the qieslion relative to the treeps.

oo. Mr Lorp: { am bound to reply to

sowe of the remarks of his boner wey has

gent une which would virtually say (hat all the | just sat down, particularly those i relerence

proprictors were obstructives to the settlement)

wt the Land Question.

& passage Ga d epaies of Mr. Cardwell, dated Downing Street, 24h April, lss5:—

“The daty of enforcing the law in the Island, against those who ciety it, rests with the Local Government, and for that reason, if tor ne other, it is jmpossible to suppose that the Duke of New castle could have imteuded to imply by the passage to whieh yeu rafer thatthe Proprietors w bo refuse & comprounse their righle Would be jell withoul the protection of the law.”

At that ume there was a question whether the

Commissioners bad power to deal with those Pro- | wietore whe had not expressed their adberence |

o the award. It was also supposed by Che gentle wren who joined the Teaant League, that they would bave the suppert ot Her Majesty's Gov- ernment m ceereing the Proprietert, bul that ; i Was seBat rest by aueller despateh, i reply a despaten ot the Lieutenant Goveroor, eaying that the duty of eutorcing the law iu the istand rested with the Local Govemuent. That despateh, in yyy opinion, shows conciusively that the Proprietors whe had wet mynitied their ad- herenee to the award would vot be correed esther by the Lmperial or Local *Gereroment. We should provide the means te purchase those es- fetes, and that would pe goad ground te go upon dy the first instance ; then, if they retuse bo sell at &@ leir price, it will ge Wine euougl Wo bring tor- Ward eveh a measure gs this resolution couteu- And if the propretors were compelled to

selic er the Government were enabled te purchase with weney obtaied from Cenada under the despatch, what objection sould there

te 8 measure to enable us to pyrehase with ineney obtained eleewnere |) Before we move in ‘the matter, I would like to be sutivfivd that we ‘bud the ugecessory funds. Then we wight wake avertures fo the Proprietors, and it they retuse rut sepeouable erms, we mixlt huve te- eure Ys measures, tor we cannol sup: that Par Majesty's Gosernment would allow

* 4 iy wt the country to be retaraed, or

1 sed 2 stele of things to exist. if we were

the {uli value of those estates with the tenants ay some of © ‘ bat d will not mention gamer, “p80 & is Alivos ty do ev. 1 buve covversed wisp

es

to the Pengnt League,

Hishower must base) vandgome ia vis honor ty use those persub- Goundedhie resolwion npou a misapprehension Ol) vieeg,

L have. sat with those Lenant Lea- | guiere, and have subseribed to their sands, and }tuust express my disapprobation of such, | was going to way unzenuiemanly conduct, but, | perhaps, that woud be going # itttle tov tar. | We have valy one or twu Lenant Leaguers in this Liouae, and it is not fair lo make such al- jiusions. My hon. triend woo itruduced this resolution did se, L suppose, to draw out a debate ; not to have i put tu the Llouse, and learried or lost. | say those sesall proprietors have been # curse tu thisisiand. A Cract vl jand not far trom Lot 23, conssiing of 7000 lacres, was once olfered to we lor £100, buc b jsaid, No! There was a large number ol | squatters upon it.and I knew that | would buve to use Coercive measures Co get Chew oul, ic was purchased by anuther, who dragged those poor men befure the Court from time tu jtime, cll wt last be wortied Chem vut and got | judgment against them by detauic. Toen ve compelled (new to subugit be his berms. Lhese are the men we lave to contend with, and they bave been a curse to the Isiaad irom the very first. Now, my bon. friend on my righy (Me. Paimer) wants us tu say what we are guing to do. Le kaows very well that the Goyernmentis but guing to take wp Chat ques- tion this session. We bave a gucstivu bo grapple with, which bas been envied upon us by the lace Government, aod which wall give uv a great deal vf troubie bewre we yet it settied. Then why ask the Government to ge into this question pow?) Tuey have not passed w measure worth wu cent to the lenauiry during their eight years term of ulfive, ur, todeed, to any other class in the Uviony. Taik about the **Fiiteen Years’ Purchase Biil’’ Who sent that bili here? Why, was Sir Sawuel Cunsrd! Lis hoger knows thas very well. He (Mr. Palmer) was sont ne ee yt atiage ey intereste ul ~~ Mensuiry, b suppose, and what was dune After thet the ~* P.lteo Yours’ Purvhags

I think 16 is very une

Phey have just sprung up! the discretion af the government of the day, wits

lout the privilege, too. of securing the fee suuple thereof, as provided by the Fifteen Years’ Pur- chase Act. The Hou. Attorney General stated,

1 de not wish lo take up much tive! as js opinion, that the Cunard estate © uld have

} been purchased on terms more advantageous Co ithe Colony, tad the eelebrated Loan Bull of the Liberal party been in operation. This is a prob- leu very difficult te solve, 1, for one, held a

luke to have a declaration from the Government) direetly opposite apinion to the ben. member,

'

| ft ix contrary to the rules of Political Economy, for a government to go juty a terelgn market for lmoney when itean be procured at home. Sup posing the Lunperial guaras.tee had been seewred, at what rate could the money fave beeu obtamed | | Hon, ATTORNEY GENERAL.—Four and , a quarter per cent.

Hon. LEADER OF THE OPPOSITION. — Still, supposing it gould have been obtained at 44 | per cent, would hot an ageney have been required fto manage the loan, which would have cost an ladditional sum?) Bat even with an Imperial | guarantee mouey cannet be very easily raised, Hin the ease of the Luter-colonial Railway, where the revenues of the several Provinces are pledged fhacked by the fimperial guarantee, the money leannet be obtained at less than 4 per cent; and | without that guarantee it could scarcely be raised até percent. When this Colony, therefore, ean

berrew money from iis own people at 5 or 6 per Soe it is telly for us te ge inte a foreign market | With respect to the eperation et the Land Pur- fehase Act, when introduced by the Liberal Ad lanipistration, it only allowed the purchase ot lands to the amount of £30,000. The Conserga- tive party firet extended its powers to £40,000, and then again last year to £110,000 additional, Himaking in all £150,000, The Liberal Govern- ment only bought some 85.000 acres under the provisions of the Act, while the Conservatives purchased about 311,000 acres, of mote than ene. fourth of the number in the whole Island. Not- withetanding all the land which passed into the hands of the late Government, the money was secured without any discount, their Warrguts being cashed at face, The Cunard estate, pyr- chased last summer, coat £53,000, sterling, vr | £79.H00, currency. Of this sum £5,00U, sterling, lor £7,500, currency, was paid down; £21,500, | sterling, in debentures bearing 6 per ceut. inter- eet, payable in three equal instalinents of about £16.7oU, currency, each at aix, twelve, and eight- een mouths; and the batance, or one half of the whole, in debentures at 5 per cent. mterest, pay- able in ten years, bearing date from July Lat, stg And [ am of opinion that the resources of the Colony are quite sufficient lo ineet these payments, without the Goverument’s applying to a foreign market for funds. I find that the late Govern ment, after paying the firet two instaluents gu the purchase of the Cunard Estate, has left to their successors a credit, gt the Bank of P, E. Island, of £7,556 4s; at the Unien Bank, 8,229: ‘eash in the Treasury, £1,010 JGs Gd ; over dur | Bonds, £1,790; and commg que Bonds to the amngynt of £15,615 Ge. 6d.; in gil £37,197 10s. Way such a credit se this, 1 thjuk the present

| aud that the settlement ot the Land Question 18 |

lAct Was never made a party question in Chis|

But the dis-| .

Still, though the Avard, in its entirety, |

from the estales ‘in the hands of the Government Wil, also enable them to pay these instalments, From the Cunard Estate the ew of £14,220 bas already been realized; and the receipts frow the other estates | last year were over 5,000. Notwithstanding | the remarks made by hon, members of the other | side of the House, I beliepe the people generally | duly appreciate the efforts put forth by the late Government to relieve the tenantry. 1 uw aware | that some persons in Charlottetowa Were opposed te the purchase of the Cunard Estate, and since | that purchase was effected, have Set theuiselves to work to establish a pew echbvel of economy, by advacating legislation to relevetbe embarrasiments of trade. Whether or pot they have brought their pressure to bear on the Government, Tam unable to guy; but judging from the tone of the How. Attorney General, [ would suppose they had at- Leapted to make their influence teit. ‘The Gov- ernment bave nothing tv do witb commercial movements. Tueir duty is to break down all huproper barriers te trade, and allow cowimerce to take care of iteelf. If there is a tightness in commercial affairs in this coummunity, it bas been caused by over-trading. Large quantiuies ol goods have been imported, aid ships have been seut bame, many of which are lying la the decks there unsold, cousequently depriving the Colony of thal exchange necessary tu weet The toreigu bills of the merchants. Those circumstances, aud vot the purchase olf the Cunard Estate, have, in my opinion, caused the present depression of trade. Lo show that Lam nut advancing pecu- lar views when L state that it is hupeiliic on the part of a Goverument to alfempl remedy lig

‘with the wishes of many of the people of th Second District,) shail, by your permission, | sir, take the liberty of stating what we require,

expect, and demaud,and feel cuntident of getting | an ca Malpeque harbor, they must have passed the time like summer yachtsmen on # ‘cruise. That the Captain was unfit—that the supplies of dainties were worse than useless to men unaccustomed to

too, so soon a8 our liberal-minded Col. Secretary and those gentlemen associated with bism in the Government, shall, through this, and | trust, | similar expressions of public opinion, become

| freely aware of the merits of the case.

Instead, then, of running the boat, as per advertisement, which, to say the very least, would be of very doubtful advantage to the centre and consequently to the most unportant part of the county, I would propose the follow- ing. Between Souris, Bridzetown, (). €- Grand River Bridge,) Cardigan Bridge, Montague Bride, Murray Harbour, Pictou and Charlotte- town, touching at each port going and returning. It is unnecessary to say anything about lower Grand River or Georgetown, as they will be right in the track, and ‘will be touched at as a matter of course. But, perhaps, I shall be told that this up river work will involve too much, expense ; if so, and to save expense is the grand object, | would suggest a very cheap one, viz, from Colvilie Point to Governor's Island, touching at the intermediate port of Spry Point Bou zhton Island, Cape Bear and Pictou Island ; and to be as economical as possible, an Lndiau with his eanve can be kept at each place for the accommodation of freight and passengers. This route would at first sight appear the cheapest, but when it is borve in mind that the Govern

commercial pitics, 1 wil read av eXtract trou (he Jeadiag article tm the Leuden Tunes ot Feo- ruary 1, 1367, commenting apou tie Resottuuous passed agaist the Bank Cuarter Act al a aivei- tng beld a Biraingtain s—

“Tile errors of the Birmingham Committee are le- gion but their dirst aad cardiial mistake appears lo be Lat they lovk apou a time of panic us aime Whe some mysterious commodity, called “* Currency, is tu demand, and tiatit is tue peculiar fuuction of the Goverument to keep a supply ol tiis Commodi tyalways ou Wand Pue fact is taal a panic isa demand for money, and with the supply vf money the Government tas no conceru Whatever Money and yves just as cottun, or copper or plik comes and gues, Merchants uport 1b and eaport it, and the Goverument siuipl: slaps its quality when itis taken to the Miut or lolne issue trepait- went for (hal purpose. ‘Phere is sommeliuliig talliile- ly childish iu tits clamor to the Goveriuinent bo help ciubarrassed speculators, W hich vugutof tisell to lead the Uirmingiau: Comimitice to suspect tie truth of their couciasions ‘Lie molelary enyure- ments of merchauts are free, aud Wie respousibilily of providlus for them resis pom bie Ai tie Goverument aodertuvk w heip them, it wouid overstep Its functions; if it interfered with theli free action, it wouid be despotic Ju truth, tue Gevernmenut leaves men to Lielr Own resources fhe Bank Charier Act ives uo faclilies, luipoces vo iinpediment iu tie Way of commerce. Mumia block as it is, iis machinery are perleciiy eluiyte, nud Its stile object, Whicw perfectly pecuifres, is lo provide tiat tue five pound balk-nuie slinll wi- Ways be exchangeabie for tive suvereigus ”

colues

Pbis, Sir, is the duty of all goveraiments If tues allow paper to be putin circulation, they sheuid see that t is always redeemable tin goid. 2 hive heard some parties state (ial af present Luete is pol were ueney in cienlation La tits Colony than about B35 per bead of tie population. Lt tuis ve the case, ib only proves tial ivade is wel lina | flourishing state. Some four or Gve years ago When our ships were selinmig, god eur tari pre duce tealized good prices, the Bank of P. KE. Isiand had £90.00 in circulation. Aud When we cousider that the Union Banik cau aise issue £90,000, the Summerside Bark £40,000, and | the Rustico Bank, wader the late auecndinent to ita charter, L believe an unlined amount, | think it must be admitted, that there is ue defi- j clency ot circulating wedium, previding the bal jauce of trade be in faver of the Colony, and the | Banks, cousequeatly, to @ positiow Lo issue their lpaper. Tt they are unable lo secure eXchange, | they cannot aliow the notes te go tile elreuli- |fiew. Suppose the threatened war between France and Prussia sheuld aciualiy break out, and the carrytig Grade were lo pass ln & real measure jute the hands ef the Betiish, eur sutps would sell, and business in itis Coleny look up No more complaints would then be beard about the purchase of the Cunard Estaie Tue para- graph under consideration dees bel tention where or how the funds are te be ebiaimed tor the further working ot the Land Purchase Act; but if the Government intend to raise mioeney li the Britich market, L consider they would be pursuing a short-sighted and uuwise policy.

CORRESPONDENCE. CELEBRATION OF THE ANNIVERSARY OF THE QUEEN'S BIRTH-DAY AT GEORGETOWN. Friday, the 24th inst., being the anniversary of the birth day of our beloved Sovereign, was

celebrated by the good people of Georgetown

leome to a resolution that the Jandlords should be! After reflection, however, when the people had | in w manner which reflects much credit upon

| ‘them for their loyalty, and the military pro-

ficiency of those who were engazed in conduct- | ing the demonstration; the readiness and pre- icisiow with which the Artillery Company, ‘recently formed, and Militia Ritlemen, went | throuzh the various evolutions, was a matter of | gratification to the large concourse of people | assembled on the occasion.