Star.
London, England, 1824-08-11 00:00:00

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ithough troika die surplus of British , a por-
tion of it may often be diverted to foreign objects, and
sometime; not the most judiciously, vet a Company
form'ed for British interests, not only has the strongest
claini, but is certain to ensure the strongest support.
Such is the case with the Canada Company, which,
though of a mercantile character, and calculated to be
very profitable to the Shareholder) is important in a
political point of view ; as Strengthening and improving
most valuable colony, and affording a fair and ample
field for British indUstry as well as British capital. We
have aheady stated `he object of the Company, and we
feel much pleasure in finding Ain our views of it are
sipported by the press generally. The British Press
says, The undertaking reflects honour on the enlight•
ened spirit of the present Administration, and cannot
fail amply to reward the public-spirited individuals by
whem it has been so far brought into maturity ;" and the
Morning Chronicle contains the following sensible ob-
servations on the same subject:—
" A new Joint Stock Company has been formed, under the de-
salination of the Canada Company, patronised by the most emi-
Deot commercial characters In the City. It appears that for,
apwards of thirty years it has been the practice a Canada to re-
feree for the Crown and Clergy two-sevenths (in lots of WO
acres each) of the lands granted by Government; these reserves
intersect all-the settled districts, and are in many places already
surrounded by cultivation; an intolerable impediment to the
natural progress of the Colony, for as such they are described by
every traveller mho has visited the country. We, therefore, con-
sider this Company, not so much with regard to the pecuniary od-
a/maga which the shareholders may derive (though in that respect
dose appear both well founded and of great protnise), as on account
of its importance as a measure of Colonial policy. By the Pro-
spectus, it seems to present three important points, which deserve
particular attention :
• First, the consolatory circumstance, that for fifteen years the
stun of twenty thousand pounds per annum will be applied in aid of
the public revenue; or, more properly, to that extent this country
will be relieved of the burden of expense to which it has hitherto
been subjected on account of Upper Canada. During that period
it is reasonably to be expected that the Province will become in a
condition to provide for itself from its own resources.
" The Second point of view in which this important ComPany
deserves to be considered, is with regard to the aid which it will
hereafter afford to emigrants. By becoming proprietors of heady
one-fourth of the settled country of Canada, in lots of SOO acres
each, amounting, a we understand, to more than two milliorls of
acres, it is enabled to give to persons emigrating with a little capi-
tal, immediate settlement in the midst of a cultivated country.
Government, in stipulating that the Company shall fulfil the con-
tract in fifteen years, has solar acted wisely ; but we cannot dis-
cover the wisdom of plating any restriction as to time on the ope.
ratiNis.of the Company, for it would be fortunate if the whole
system of colonization could be reduced to something like the basis
and principles on which the Canada Company appears to have been
formed. The most essential service, however, which the Company
will render to itself and the Public (and fortunately its interests go
Land in hand with those of the Public), is in providing employment
fur emigrants who have no capital, either on its own lands or by
lending pecuniary assistance to any local scheme that may be pro.
posed for the advantage of the Colony, such as in the projected
(anal for uniting the navigation of the great Lakes, for which the
whole amount of the required capital cannot be raised in the coun-
try. On such public works the emigrant will find immediate em-
ployment, and by them the value of property in the country will be
greatly augmented.
" But it is in the Third point that we consider the institution et
the Canada Company as an object of the greatest public interest.
It is well known to every Canadian, that during the late war with
America, the Crown and Clergy reserves of Upper Canada were
promised to the American soldiers, if they conquered the country.
Thus these lands hereafter, by ceasing to be public property, aid
becoming that of a Trading Company, will be no logger a. bait to
stimulate the ambition and cupidity of an invading army. Alto•
gnher, the project seems to have been well digested, and has the
prospect undoubtedly of yielding a very liberal return upon the
capital from time to time, in addition to the interest of Four per
Cent. which is to be allowed on the amount invested. Strictly
speaking, the scheme of:the Canada Company may be described as a
Loan at Fouler Cent. by way of mortgage on the Crown and
Clergy reserves of Upper Canada, which mortgage, to the extent
of 20,0001. annum, is allowed to be foreclosed every year for a'
an increasing value, the increase of valise
Company."

)NAYS, who had arrived at Ham-
gone to Carlsbad, but the Countess, with
Pais.
Copenhagen, of the Slit of July, state
of Sprogoe, in the Great Belt, is
anger of being swallowed up by the
through the middle of it. This
greatest importance in the winter-time,
6 the Mail across the Belt.
:tuber of the woiking dyers have
:ment, in Manchester, because their
accede to their demand of an advance
have issued a placard, stating that
demanded and obtained an increase of
more than adequate to the advance
• claim, and which, under the cir-
:ontend, is perfectly reasonable. On
hundred of the men paraded the
their conduct was perfectly peace-

many years past the anniversary of
fought in 1298—bas been corn-
ice's Stone, the spot where Wallace
'A IV_ his party, previous to the bat-
it Mum has lately been erected to
iy se'nnight, about 4.0 persons, who
,time members of a Wallace Society
led at the above place, dressed in the
' armed With Ferraras. After many
toasts were given, the party left the
‘nd did further honour to the day in

recently been brought into use at
y constantly between that city and
,oyage, which before frequently occu-
performed in 24 hours.
interior of the Temple Neuf, at
_ was discovered on the walls, a series
, representing the dance of the dead, similar
leretofore seen at Basle. They also appear to

century.
held at the Ben Jonsoni Shoe-lane?
Sykes, an elderly woman, who was
night, while sleeping with her hus-
sailing barge off Hosier Dock. J.
that his attention was drawn to the
noise, and on going on board, he
ieet water in her. It was with much
ted the husband, but could perceive
.aced, whose body was afterwards
cabin. When the tide went down,
mg at the head of the barge had
iether by some mischievous boys, or
ide, in sinking, he could not tell.
verdict—Accidentally drowned.
NG THREE SHILLINGS.—A labourer
ving been severely scolded by his
his work, endeavoured to appease
.sing her that he had, since the morn-
tug drank at one of the illegal cider-
- of cider at threepence per quart,
•ank it at ;mints, be must hare paid

clergy reserves of Upper uanada, I
of 20,0001. per annum, is allowed to 1
period of 15 years, at an increasing
being the profit of the Company.**
Count de la FiRRONATE, W
t,,rgh from Lubeck, is gone to Carb
ter children, proceed to r Aria. .
Accounts from Copenhagen,
that the little island of Sproge
now in imminent danger of be
sea, it having a rent through
island is of the greatest impor
for the passage of the Mail act
A considerable number of t
left their employment, in M
masters refuse to accede to the
of wages. The men have issue
the masters-have demanded an
prices for dyeing, more than i
of wages which they claim, a
ctunstances, they contend, is p
Monday, about three hundred
streets in a body, but their con
able and orderly.
WALLACE .—For many yea]
the battle of Falkirk, fought
annotated at Wallace's Stone
I, said to have drawn up his p
'le, and where a neat Mluma
his memory. Monday se'nnigl
hare this year become memt
inteding, assembled at the al
Highland garb, and armed sa i
loyal and patriotic toasts were
hallowed ground, and did tut
ttpious libations.
Steamboats have recently
Nipfes, and now ply constant
Nem& The voyage, whit
Pled a week, is now performe
In repairing the interior
Strasburgh, there was discove
of pa,atings, representing the ,
to those heretofore seen at Ba
be of the fifteenth century.
An Inquest *as held at th
on the body of Jane Sykes, ar
'frowned on Sunday night, wt
bind etc board a sailing bar,
heady deposed, that his atu
barge by a g'wgling noise, ar
tund she had nine feet water
*culty lie extricated the hu
.-
..•.•
'•:ng of the deceased, whe
1'"%%cl coating in the cabin. I
4 icund that the plug at the
r forced tip, whether by sc
b; the force of the tide, in sir
ix Jury returned a verdict—
:AETuon OF SAVING TUREI
c ,I3l:dgewater, having beet
f.rte for neglecting his work
• Wrath by informing her tl
,' ,f ailed 3s. having drank al
• ~.'Ps, twelve quarts of cider
~ —cb, had he drank it at
•