The Express.
London, England, 1852-01-01 00:00:00

TILE CANADA COMPANY.

The half-yearly meeting of this company was held
yesterday, at the establishment in St. lielen's-place,
Sishopegatestrevt. CHAlLill FILAN[S, Esq., took the
chair.
The minutes of the former meeting were read and con-
firmed.
The CHAIRMAN said the meeting was called for the
purpose of considering as to the purulent of a hull-yearly
dividend. They must be aware that as the accounts in
Canada were not made up till the end of the year, it would
not be possible for the directors at this meeting to present
the accounts for the year 18.51. He was still able to give
them an abstract of what hod been done in 1851 up to the
11th of December, by which the progress of the company
would be seen, as well aa its prevent condition. In the
year 1850 they had disposed of 117,993 acres, at an average
price of 16s. 3d per acre. During 18.51 they had disposed
of 137,362 acres, at an average price of 15e. Bd. Thus tlpi
Menus in the Ude of land over the year 18.50 was 19,399
scree. (Hear, hear.) The receipts in 18.50 up to the Ilth
of December were 43,582/. 13.. 10d., and during the pre-
sent year they amounted to 66,0721. 181. 64., making an
increase of 10,4901. 4s. Sd. over the year 1840. The last year
he might call the most prosperous one the company had
ever known, so that this increase for the year 18.51 ought to
he looked spun as highly satisfactory. (Hear, hear.) The
difference in the pries) of land sold in 18.11, namely, 3d. an
acre lose—ought not to be looked upon u a full in the price
of land, because that previously let had been more valuable
in quality. A strong proof of the contentment of the
settlets was the fact of 10,117 acres haring been purchased
before the leases expired. (hear, bear.) The debenture
debt had been reduced by 12,0001, which made the amount
now 121,2001.; and, ho was happy to say, this amount had
been paid out of their receipts from Canada. (Hear, hear.
Their balance in band was out eierat to pay a dividend and
the interest of the debentures. The amount remitted home
by settlers in the year ls.ll was 12,9731. 2s. 7d., and the
amount deposited in the hands of the company for mitten
was 21,9001. The emigration to Canada bad been large,
but not sufficient for the wants of the precincts. the
Chairman concluded by expressing his gratification at the
prosperous state of the company's affairs, and their obliga-
tions to Mr. Widder, who (marinated the leasing system.
The following is a comparative statement of land sold and
tweed in 1830 and 1831, to 11th December :

IS 1651. %crew
Low. A Aold. •44v5110 is 1131.
Crowaraverves 1,04 at IL. Vd. 7,716 al 1 L Id. .. 5,312
Ilvrda vast 11,3311 st 136. ... 13,645 at .d.... 5,119

10;40 at 130 64.... 31,341 at Ifs 1d.... 14,431
LIUZD.
1430. 1631.
4611111. Alferfle. AMU,.
Crawaleurals 14,304 at 144. 3d.... 16.9!7 at Ds ,d.
Maras taut ... 99 479 at 16.. td.... 09.044 at 131.10 d.... 10.113

107.161 at Ito. MI. ... Iltwol at Itts. 1d.... kind
latr.. 1611.
Ans. Armee. Atm. Amer.
Total 117,1116 et 16e. 3d.... 017462 it IS. Id. ... 19,63
Ito 11th D 60., 111.1.... .. .......... 136,61/ 111 6
V: ditto IL* 4t,3413 310

Increase ta lan MOM 4
Mr. HIBBERT moved that a dividend for the half-year,
after the rate of 6 per (cut. per annum, be declared, in
doing which he took the opportunity of stating that he
should be prepared, at the next meeting, to move that an
annual increase of the dividend be made, in consequence of
the improved state of the company's affairs. He thought
it more advisable to have a small bonus annually, than to
have it postponed for five years. (Hear, hear.)
The motion for the payment of the dividend was seconded,
and paned unanimously.
The CHAIRMAN alluded to the advantage ofemigrants,
without money, biasing land for 10 years, during which
time they were enabled by their own exertions to pur-
chase that land before the lease expired.
Mr. A. GILLESPIE said that he had returned from •
tour in the Canada. and Unit.. d States, and was happy to
bear testimony to the rich nature of the soil in the western
districts of Canada, and its peculiar adaptability to corn
growing. (Hear, hear.) He thought the advantages of the
company's land ought to be more prominently brought be-
fore the public.
A vote otthanks was then passed to the chairman and
directors, when the meeting adjourned.