The Sun.
London, England, 1824-08-06 00:00:00

spowr

THE CANADA COMPANY.

This Company, of which the prospectus was
issued among the friends of the Directors yesterday, appears
essentially different, from every other, that has been lately
formed, in as touch as it is virtually, an AGENT for the dis-
posal of the lands hitherto reserved for the Crown and the
Clergy in Uppetcanada. tindertakes, as such, kis dispose of
so many lots, annually, as will produce at the value to be fixed
by Commissioners a certain sum to Government. This pries
is to be regulated by what was the price of uncleared lands in
the Province, on the Ist of March last, so that whatever theft-
serves sell for, above that price, will be profit to the Company,
thus stssuring to the Shareholders landed security, for their ad.
vancea, and the certain returns that will arise from the tale of
lands in a country which doubles, in population, every fifteen
years. No speculation of the same solid character has been
offered to the public, and we should think, that, although tile
nominal capital of the Company is a million, not much beyond
a third part will ever be required ; fur the lands in question are
in many places already surrounded by cultivation, and the con-
tiguous proprietors have long desired to be allowed to purchase
them, which they will now have an opportunity of doing, from
the Company. As a measure of Colonial policy, the founda-
tion of the Canada Company is the greatest and most compre-
hensive in its objects of any that has yet been attempted
modern times; and when it is considered, that within I .1
years the whole neighbouring State of Ohio has ris.-;n up, it "
impossible that any thing short of some natur.,l caLmity rap
frustrate the undertaking. That our Readers may tbr,u a cOr'
rect view of the objects of this Company, we arc induced to
recommend their attention to the following outline of the Pm'
spectus, which is intended to be submitted to the Public; in
which it is observed—

"That the two Canada' are most important dependencies of
the British Crown, and the Upper Province, in particular, enjoys
great advantages of soil and climate; in the former, it is equal
to the most fertile parts of the States of New York and Ohio;
in the latter, similar to the well known and prosperous Mt,
usually called the Genesee Country ; and in respect ofa ready
outlet and easy access to markets for produce, it possesses sd.
vantages over either of these States, by commanding the stavi.
gation of the mouth of the River St. Lawrence.
" That the progress of cultivation has not been carried to an
equally prosperous extent, and that the population Is still but
thinly spread over the country, has, in a great measurevariseo
from the want of capital sufficient to form establishments upon
a scale calculated to raise a surplus of produce for exportation.
The original settlers were, for the most part, emigrant families
and refugees, with but little or no property, and those wh°
have resorted thither since, are persons chiefly of the same de-
scription ; insomuch that it may be justly said, thiprosPeritf
of the Colony has hitherto been almost entirely dependent ells
the manual labour of individual settlers.
" These circumstances having been represented to Govern*
ment, His Majesty's Secretary of State for the Colonial DePart.
meet, desirous to encourage the introduction of Capital int°
the Colony, has agreed to dispose of the Lands reserved for
the Crown, and the half of those reserved for the support of
the Clergy to this Company, in order to facilitate that great
object. These Crown and Clergy reserves consist of tw°-•
sevenths (in lots of 200 acres each) of the lands granted
by Government since 1791; they intersect all the settled ehs'
tricts, and are, in many places, already surrounded by cults'
vation.
" The objects of the Company are

. - -
I. To purchase the portions of the Crown and Clergy re•
serves above-mentioned; to make such other purchases or
acquisitions of land as may be found advantageous to th°
Company ; and to work minerals if deemed expedient So
to do.

2. To dispose of the lands, in the discretion of the Company'
either to emigrants or to persons previously settled in the

country.

3. To give immediate employment to emigrants on their ur•
rival in Canada.

4. To prepare, by clearing the lands and by building
houses, &c. for the settlement of persons and families t°
whom the lands are intended to be sold or let, as InsY be
agreed on.

b. To make advances of Capital, in small sums, (undo
superintendence, at the legal rate•of interest in the Cololl
which is six per cent.,) to such settlers, on the lands of the
Company, as may require the same, withholding the titles till
the advances shall have been repaid, as well as the price 0f the
lands.

6. To give in this country, to persons intending to emirate'
information regarding the lands of the Company, and to Wl'
litate the transmission of their funds.
7. To promote the general improvement of the Coknn
whether it be by making inland communications, connect,
with the lands and interests of the Company, or by exon't
the cultivation of articles of export, such as flax, hemp'
to'
&c.

" The population of Upper Canada, from emigration and
n
several
eels
vat
eur
tar
aa;llya increase,
enadr,s onon an
annually has
lvyetnraaorgrt fee; e for
cumstances has been had in the arrangement with Government'
and, accordingly, the Company is to contract for fifteen Yelwi,
to take possession of so much land in each year, as, 111)°°
luation to be made by Commissioners, shall amount the sum
thanedat
aboutdQo uul doubled ;leo: within
ERmei
ag therrda n :sit shta fiv ft ee.
of 20,0001. s no limit, however, is put to the quantity which
may be taken, so that the operations of the CompanY will Pr°o;
teed according to the progressive settlement and Polliati°An
the Colony, The price to be paid is according to what ,--„‘ll
d.
appear to have been the ready money price of uncleared
in the colony on or before the lit of March last, when thenatirlf
sign or forming the Company could not have been known
; jape"'
Province; such price to be ascertained by four Comm•as „
_of whom two are to be appointed by Government tO theSe at'
and two "
the Company.
" The capital of thsricCompany is I,oooa aised to
niv~, „ape
10,000 shares of 1001. each, with power to increase We rre,
hereafter, by loan or by shares, if found expedient, the. 3.5 0 31di•
holders at the time to have the option of advancing B°' 0 be
tional capital. The first instalment of 51. per share ill to
paid forthwith into the hands of the Bankers of the Cwlluipet
to the account of the Directors ; a second instalment of cies
share will be required on the 10th of January next; arlufrote
notice of all further payments will be given INTER
the 10th of January next, at the rate of ;OUR per re!1;1 pd.
annum, payable half-yearly, will he allowed on the ap)itwill
vanced, and divisions of pro'fit, in addition to the inter!! 'at,
be made from time to time, as the Directors find It explendoo
" The affairs of the Company to be managed in •Lic?oaers
by the Court of Directors, and; in Canada, by Commutalea to
appointed by the Directors. The Directors arc autilioverv,
state, that a Royal Charter will be
,granted, asd that 'Act 0_
ment will sanction an application to Parliament for an .ger
Incorporation. The Court of Directors are to have Oct ori the
to make all necessary regulations for the management Ripe,
Company, and to adopt such measures as they may n" "lee'
dient for obtaining the Charter. In the mean time, an v 7;) for
ment is to be prepared, and thirty days' notice will befiniog
the signature of the same and every ShareholdaT 't, IMO
sign such agreement shall forfeit the deposit of 51. Pit
previously paid."

PRICE OF STOCKS Tills
Hark Stock
3 per Cent. lied. 931
3 perteitt. Cogs 9241
34 per ccnt 11)1,
1 Dissd.
4 per Celit. 1' Amid._ 1110 i 1
t•New IOS 1
Bank bong Ann.
Imp. 3 per Cents. —
India Stock
Ditto Bonds
Mouth Sea Stock

PRICES OF FOREIGN FU
Anstriart lids, 5 per ct. ••• 93i
fluent)* yres
l;hilian, lids, 6 per ct.
1:olont bi Ilds. 6 per ct.... 61
------Scrip
Danish, s.per cent.
tireek Scrip
Mexican Bonds ... 523 3i 24
------Scrip
Neapolitan, 5 per cent.
Peruvian loads
Scrip

DAY AT ONE O'CLOCK.
Old Annuities
New Ditto
Ex. Bills 10001. 2d. 33 2 4
Ditto 1 Ad. 35 2 4
Ditto 'iool.
Ditto I Id.

Ditto Small ... 15. d.
Ditto I Ad
Ditto Commercfn
Bank for Act.
India for Acct.
Cons. for Account 92gi

NDS, AT ON O'CLOCK.
Portuguese Bonds lisii
Scrip
Prussian, 5 per et
Ditto New
Russiar, New, 5 per ct. 94
Spanish 1821, 3 pet et. 21ifi
-- 1823, ditto -
Alliance Shares l2l
Palladium
Equitable Loan
Manchester Ditto
French Renter ..
Scrip

PRICE. OP IRISH STOCKS, JULY 31.
Rank Stack
Gov. Deb. 31 per cent....... tit I Ditto 4 per cent....
i.tack,:ii per ct ..... li DittoStock —
(„4)T. Deb. 4 per cent. a Royal Canal Stock
',oy. Del). 5 per cent. -
-Stock, 4 per cent ll Do. Deb. with Gov. Sec....
------New
Treasury Bills, 5 per cent. Do. 6 per cent.
tit,_Y Debentures, 5 per ct. Ballast. Office Govt. Sec.
Wing lit tiospiuti 4 per et. .1 prr cent.
Lzehange on London, July 30, 11.

laisbon
Holland
Flanders

FORRI6N MAILS.
ARIIIvEIL

Dux.
0
1
0

wATER AT LONDON BRIDGE TO-MORROW.
l"r''lng‘ 11 minutes after 0. ¶ Evening, 39 minutes after 0.

I E SU -N

$01.15:31 QUIN DICLIZE FALSUM .4uDE--- •

LONDON,
FRIDAY, AUGUST 6, 1824.

'We have in our preceding columns given ex-
tracts from the Paris Papers of Tuesday, the
Etoile of Wednesday, and Frankfurt Papers to
11 late date. --'

The Porte, it is again asserted for the hun-
dredth time, has issued a firman for the evacua-
tion Of NVallachia ; but even if this often reite-
rated assertion be at length true, it by no means
proves that the differences with Russia are
settled ; because the very paragraph which an-
nounces it also states that the Turks are deter-
mined to continue the military occupation of
Moldavia ! Some accounts even go so far as to
say that the Divan has required that Russia shall
Withdraw from all the points in which she has
established military posts in Asia ! We wish
that the Porte had the power to enforce this
very Politic requisition ; but, tottering as she is
to her fall, from internal weakness, and from the
vital stabs inflicted upon her by her active and
inveterate enemies the Greeks, any thing like
tareats to such a power as Russia, which could
annihilate the Ottoman dominion in a single
campaign, is perfectly ridiculous.

ny arrivals from Mexico we have letters of the
4111 of June from the Capital, and of the 10th
from the coast. Plots in favour of ITURBIDE
continue to be discovered, and many persons had
hi consequence been arrested. A French brig of
war had arrived at Alvarado, with a Commis-
sioner from France to the Mexican Government
This functionary had given assurances of the
friendly dispositions of France towards Mexico ;
grid it has therefore been inferred that France is
following the example of Great Britain as re-
sPects the new South American States. When we
see, however,.the French Ministerial and Ultra
Journals daily denouncing the South American
Independents as rebels against the supremacy of
Spain; and virulently blaming the English Go-
vernment for having adopted that very policy
which France herself is affecting to follow,
We are induced to suspect that the French
Agents) although they carry friendship in
their mouths, are secretly instructed to in-
trigue
for the overthrow of those very
Governments to which they are accredited.
---The Cabinet of Paris continued its Ambas-
sador at the Court of Madrid long after
it had resolved on effecting the violent overthrow
of the Spanish Constitutional Government; and
it is therefore neither illiberal nor unjust to infer
that there is as little sincerity in its present con-
duct towards the South American Governments,
is there was in its conduct towards the Qonstitu-
i°4lll Government of Old Spain.
Voir

24t,n 2 have receiv©d the Piedmont Gazette of the
The 'allowing are extracts:-
4444,c% Ju I.Y I7.—We are labourin6 here under ex-
ow
deter of Itnumur,
inorn '''t• Yesterday afternoon, at three o clock, the ther-
in our observator, was at 31 deg. 1 line
that °f Fahrenl it) This is they greatest degree of heat
-Ali been observed here since 1782.
121:
ri,l„ RINI JULY 24.—The letters from Italy, received this
at say, that her Majesty the Duchess of Parma arrived
how" ernlo on the Bth of' this month, and was received with the
uurs d risen ,meto her rank. On the I,lth the thermometer had
at M to 28 deg. Reasimur."

Mr. SeCretary CANNING transacted business
/esttlrday at the Foreign-office.