The Sun.
London, England, 1848-12-29 00:00:00

THE CANADA COMPANY.

Yesterday a half-yearly general Court,of Proprietors
of this company was held at Canada House, St. Helen's •
place, for the purpose of determining upon a dividend,
and fur electing a director in the room of Martin Tucker
Smith, Esq., who had disqualified.
The GOVERNOR (Charles Franks, Esq.) was in the
chair, and announced that the only candidate for the
vacant directorship was Sir W. M. T. Farquhar, Bart.,
and, therefore, according to a by-law of the company,
the election must take place by a show of hands.
A PROPRIETOR having put the motion, it was carried
unanimously.
The GOVERNOR then proceeded to state that the ac-
counts of the company were made up annually in Canada
to the end of December, and were laid before the meet-
ing of proprietors held here in-March, the question of
the dividend at present to be declared depended upon
the accounts submitted last March. For the satisfac-
tion of the proprietors, however, he (the .Chairman)
would read a few particulars of the company's operations
in Canada this year to the 30th of November last. The
sales of land were—Crown reserves, 3,409 acres, at an
average of 17s. per acre; and in the Huron tract 8,931
acres, at an average of 13s. Id.; making a total of 12,340
acres, at an average of 15s. per acre. In the correspond-
ing period of 1847, the sales were 25,321 acres. The
quantity of land leased was 14,032 acres in the Crown
reserves, and 37,479 acres in the Huron tract, making
together 51,531 acres against 80,603 acres to the corre-
sponding date of 1847. The total sold and leased this
year to Nov. 30, had been 63,871 acres, and to the same
time last year was 106,124Fre5.
The amount received in Canada was, for first pay-
ments on land, 614/.; in bills receivable, 11,706 Z; rent of
land, 7,7201.; interest, 5,681/.; transfer fees, 123/.; and
timber cut, 1191.; and the total was, 31,497/. 16s. 4d.
During the corresponding period of 1847 the receipts
were 38,1031. 13s. 4d.

Bills receivable overdue 30th Sept ... £107,544
Interest—say ... ... ... ... 44,456

£152,000
Rents overdue to 30th Sept. ... 22,467
Amount raised on debentures ... ... 125,200
The amount remitted through the company by set-
tlers this year, to Nov. 30, was 9,1061. 15s. 2d., in 1,731
sums, giving an average of Si. ss. 2d. for each person.
The amount deposited with the company in London for
remittance to Canada was 26,2951. 18s. The number of
emigrants arrived at Quebec this year has been 27,939.
The GOVERNOR was not aware that he had anything
further to communicate of interest to the proprietors, but
was ready to answer any questions.
A PROPRIETOR then moved that the dividend on the
capital stock of the company for the half-year ending
the 10th of January next should be at the rate of 6 per
cent. per annum, free of income-tax, and the resolution
being seconded and carried,
A vote of thanks was passed to the Governor and
directors.

Mr. FRANKS returned thanks, and the meeting
adjourned.

IMPORTANT CUSTOMS REGULATIONS.—An order,
materially affecting the interests of the wholesale dealers
iu foreign spirits, has been issued by the Board of Cus-
toms to the officers at the outports, for the purpose of
preventing what was intended to be an indulgence to the
trade becoming a source of loss to the public revenue.
In future, on the subdivision of spirits into smaller casks
the quantity ascertained in the original or import cask
on examination before the operation is commenced, is
that on which duty must be paid, no matter how much
deficiency in quantity or strength occurs in the process
of racking off, and no allowance or remission of duty
will be had for waste or loss of strength occurring in the
repacked casks, no matter how long they are suffered to
remain in the bonded warehouses.

Among the list of penalties for the regulation of
Queen Elizabeth's household was the following:—" That
none toy with the maidens on pain of fourpenoe.'