The Sun.
London, England, 1863-07-07 00:00:00

Richard Potter, Esq., Standish House, Gloucestershire.

The Hudson's Bay Company were incorporated under a
Royal Ch trter granted by King Charles 11. in 1670 by the
name of "The Governor and Company of Adventurers of
England trading into Hudson's Bay," and, by the Charter,
a vast tract of territory was vested in the Company, together
with the sole right of trade and commerce, and all " mines
royal," as well then discovered as not discovered, within the
said territory.
The operations of the Company, which, with slight excep-
tions, have been hitherto exclusively of a trading character,
have been prosecuted from the date of the charter to the pre-
sent day.
It has become evident that the time has arrived when those
operations must be extended, and the immense resources of
the Company's territory, lying as it does between Canada
and British Columbia, should be developed in accordance
with the industrial spirit of the age, and the rapid advance-
ment which colonisation has made in the countries adjacent
to the Hudson Bay territories.
The average net annual profits of the Company (after set-
ting aside 40 per cent. of them as remuneration to the factors
and se vants at the Company's posts and stations) for the 10
years ending the 31st May, 1862, amount £Bl,OOO, or up-
wards of 4 per cent on the present nominal capital of
£2,000,000. A portion only of this income has been distributed
as dividend, while the remainder is represented in the assets
and balanc s. The assets of, the Company, in which the
Subscribers will be entitled to an interest corresponding to
the amount of their subscriptions, will coissist of goods in
the interior, on shipboard, and other stock in trade, includ-
ing shipning, business, premises, and other buildings neces-
sary for carrying on the fur trade, in addition to which there
will be funds immediately available for the proposed ex-
tended operations of the Company, derived partly from the
cash balance of the Hudson's bay Company, and partly from
the new issue of Stock, and amounting in the whole to a sum
not less than £70,000.
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The Company's territory embraces an estimatel area of
more than 1,400,000 square miles. or 896,000,1,00 of acres, of
which a large area, on the southern frontier, is well adapted
for European colonisation. The soil of this portion of the
territory is fertile, producing in abundance wheat and other
cereal crops, and is capable of sustaining a numerous po-
pulation. It contains 1,400 miles of n vigable lakes and
rivers, running for the greater part east and west, which
constitute an important feature in plans for establishing the
means of communication between the Atlantic and Pacific
Oceans, across the continent of British North America,as well
as for immediate settlement in the intervening country. The
territory is, moreover, rich in mineral wealth, including coal,
lead, and iron.

In addition to its chartered territory, the Company possess
the following valuable landed property. Several plots of land
in British Columbia, occupying most favourable sites at the
mouths of rivers, the titles to which have been confirmed by
her Majesty's Government; farms, building sites in Van-
couver's Island; and in Canada, ten square miles at Lacloche,
on Lake Huron, and tracts of land at fourteen other places.

The trading operations of the Company are chiefly carried
on in the fur bearing and northern portion of the territory,
where the climate is too severe for European colonisation.
These trading operations will be actively contfnued and, as
far as possible, extended, whilst the management will be
judiciously economised.
Consistently with these objects, the outly ing.estates and
valuable farms will be realised where the land is not required
for the use of the Company—the southern district will be
opened to European colonisation, under a liberal and syste-
matic scheme of land settlement. Possessing a staff of factors
and officers who are distributed in small centres of civilisation
over the territory, the Company can, without creating new
and costly establishments. inaugurate the new policy of colo-
nisation, and at the same time dispose of mining grants.
With the view of providing the means of te'egraphic and
postal communication between Canada and British Columbia,
aeross the Company's territory, and thereby of connecting
the Atlantic and Pacific Oceans by an exclusively British
route. negotiations have been rending for some time past be-
tween certain parties and her Majesty's Government and the
representatives of the Government of Canada, and prelimi-
nary arrangements for the accomplishment of these objects
have been made through her Majesty's Government (subject
to the final sanction of the Colonies), based upon a five per
cent. guarantee from the Government of Canada, British
Columbia, and Vancouver Island. In further aid of these Im-
perial objects, her Majesty's Government have signified their
intention to make grants of land to the extent of about
1,000,00 f acres, in portions of the Crown territory traversed
by the proposed telegraphic line.
One of the first objects of the Company will be to examine
the facilities and consider the best means for carrying out
this most important work, and there can be little doubt that
it will be successfully executed either by the Hudson's Bay
Company itself, or with their aid and sanction.
For this, as well as for the other proposed objects. Mr. Ed-
ward Watkin, who is now in Canada, will be commis,loned,
with other gentlemen specially qualified for the duty, to
visit the Red River and southern districts, to consult the
Officers of the Company there, and to report as to the best
and safest means of giving effect to the contemplated opera-
tions.

Applications for allotments of Certificates of Stock of £2O
each, to be made to the International Financial Society
(Limited), at their Offices, 64, Old Broad-street, E.C.
A preference in allotment w:11 be given to parties hitherto
holders of Stock in the Hudson's Bay Company, and to the
Shareholders of the International Financial Society (Limited)

No application will be received after Wednesday, Bth July,
at twelve o'clock.