Open Collections

BC Sessional Papers

SECOND ANNUAL REPORT OF THE LAND SETTLEMENT BOARD OF THE PROVINCE OF BRITISH COLUMBIA FOR THE YEAR ENDING… British Columbia. Legislative Assembly 1919

Item Metadata

Download

Media
bcsessional-1.0059376.pdf
Metadata
JSON: bcsessional-1.0059376.json
JSON-LD: bcsessional-1.0059376-ld.json
RDF/XML (Pretty): bcsessional-1.0059376-rdf.xml
RDF/JSON: bcsessional-1.0059376-rdf.json
Turtle: bcsessional-1.0059376-turtle.txt
N-Triples: bcsessional-1.0059376-rdf-ntriples.txt
Original Record: bcsessional-1.0059376-source.json
Full Text
bcsessional-1.0059376-fulltext.txt
Citation
bcsessional-1.0059376.ris

Full Text

 SECOND ANNUAL REPORT
OP
THE LAND SETTLEMENT BOARD
OP   THE   PROVINCE   OF
BRITISH COLUMBIA
FOR   THE   YEAR   ENDING
DECEMBER, 31ST, 1918
PRINTED   BY
AUTHORITY OF THE  LEGISLATIVE  ASSEMELY.
VICTORIA, B.C.:
Printed by William H.  Cullih, Printer to the King's Most Excellent Majesty,
1919.  To His Honour Sir Prank Stillman Barnard, K.C.M.G.,
Lieutenant-Governor of the Province of British Columbia.
May it please Your Honour :
The undersigned has the honour to present the Second Annual Beport of the
Land Settlement Board for the year ending December 31st, 1918.
All of which is respectfully submitted.
E. D. BAEBOW,
Minister of Agriculture.
Victoria, P>.C, January 31st, 1919. * Land Settlement Board op British Columbia,
Victoria, B.C., Januai*y 31st, 1919.
The Honourable E. D. Barrow,
Minister of Agriculture, Victoria, B.C.
Sir,—I have the honour to transmit herewith the Second Annual Report of the
Land Settlement Board of British Columbia for the year ending December 31st, 1918.
I have the honour to be,
Sir,
Your obedient sei'vant,
Maxwell Smith,
Chairman. Land Settlement Board of British Columbia.
Pursuant to the policy outlined in our Annual Report for the year ending December 31st,
1917, the Land Settlement Board has very materially reduced the volume of the money-loaning
business during the past year, as well as insisting that a larger percentage of the amount loaned
be devoted to improvements to the security offered, thereby " promoting increased agricultural
production."
Land settlement and development has occupied the major portion of the Board's attention
the past twelve months, with the result that a great volume of valuable data is now on hand
consequent upon personal investigation of numerous and extensive areas of land by the Directors
throughout the Province. Special attention has been given to the unoccupied Crown-granted
lands situated convenient to transportation and markets, and that which has been acquired is
being offered for sale on easy terms of payment to bona-fi.de agricultural settlers who are qualified
and willing to assume the responsibilities of Canadian citizenship.
The following are some of the important recommendations of the Board submitted for the
approval of His Honour the Lieutenant-Governor in Council :—
(1.) The resale of 69,991 acres of pasture land' north of Hudson Hope, B.C., to the
Peace Kiver Land Company, Limited, for $200,000, on conditions of $30,000 being
expended in improvements on the property before June 30th, 1921, and maintaining
stock on the lands up to its feeding capacity, at least until July 1st, 1923, and unti1
such time thereafter as the full purchase price, with interest and taxes, have been
paid. January 15th, 1918.
(2.) The thorough investigation into and survey of the Kootenay Flats near Creston,
B.C., to ascertain the feasibility of that reclamation project. January 30th, 191S.
(3.)  The securing of feasibility report on the Cherry Creek irrigation project, affecting
approximately 8,000 acres.    January 30th, 1918.
(4.)  The purchase of 482 head of cattle for resale to the farmers of the Bulkley Valley
at a cost of $23,579.    February 1st, 1918.
(5.)  The purchase of 5,850 acres of land on Pitt Meadows from the Pitt Meadows Land
Company, Limited, at $55 per acre, and 1,050 acres adjoining from the Pitt River
Farm and Construction Company, Limited, at $75 per acre.    February 21st, 1918.
(6.)  The constitution of the Cameron Drainage District to reclaim approximately 400
acres near Nanaimo, B.C.    March 7th, 1918.
(7.)  The purchase of the Coldstream Estate and the "White Valley irrigation system,
including all live stock, implements, and general equipment, approximately 13,000
acres, at a cost of $900,000, payable in twenty-year 5-per-cent. bonds.    April 17th,
1918.
(8.)  The expenditure of approximately $10,000 in securing a reliable engineering report
on the feasibility of reclaiming Sumas Lake and adjacent lands.    April 29th, 1918.
(9.)  The establishment of Settlement Area No. 1, 14,500 acres, near Telkwa, B.C., and
Settlement Area No. 2, 35,000 acres, near Vanderhoof, B.C., on the Grand Trunk
Pacific Railway.    July 2nd, 1918.
(10.)  The purchase of 14,000 acres of logged-off lands in the Comox Valley from the
Canadian Western Lumber Company at $5 per acre.    December 18th, 1918.    Option
secured accordingly, December 28th, 1918.
(11.) The establishment of Settlement Area No. 3, near Fernie, containing 1,500 acres.
December 19th, 1918.
(12.) The desirability of proceeding with the Cranbrook drainage scheme at Cranbrook
to reclaim approximately 400 acres.    December 20th, 1918.
Of the above-mentioned projects, six have been approved—viz., No. 3, No. 4, No. 6, No. 8,
No. 9, and No. 11—and proceeded with accordingly. M 38 Land Settlement Board. 1919
Operations of Land Settlement Board to December 31st, 1918.
1. Number of Agricultural Credit Commission applications pending
and unappraised at December 31st, 1917, 109, value  $190,900 00
Above were dealt with as follows:—
60 rejected or withdrawn     $115,150 00
12 granted for $23,150.
Applied for    28,350 00
11 action pending   25,250 00
26 unappraised    22,150 00
    $190,900 00
100 =====
Status of Agricultural Credit Commission loans—
490 loans granted prior to 191S for    $941,950 00
19 loans granted during 1918 for        31,300 00
509 Total loans granted      $973,250 00
106 loans cancelled prior to 1918     $153,400 00
16 loans cancelled during 1918         41,000 00
122 Total loans cancelled     $194,400 00
509 loans granted   $973,250 00
122 loans cancelled     194,400 00
387 Net number of loans    $778,850 00
5 loans have been paid off          5,500 00
3S2 loans in force   ;   $773,350 00
There are 7 loans where the mortgage moneys have not yet teen
advanced, amount granted     $    7,650 00
Balance of Loans Account at December 31st      741,417 45
made up as follows :— *
Principal      $735,70S 93
Interest due           5,708 52
During 1918 payments were received on account of loans as follows:—
Interest paid     $ 43,075 97
Trincipal paid         26,974 60
Total     $ 70,050 63
Statement of revenue and expenditure and balance-sheet are submitted herewith.
2. There were Land Settlement Board applications pending and
unappraised at December 31st, 1917, 44, value    $ 67,130 00
These were dealt with as follows:—
20 rejected or withdrawn     $ 40,630 00
IS granted for $17,750.
Applied for    22,050 00
3 pending  2,600 00
3 unappraised  1,850 00
   $ 67.130 00
44 ======
Applications received during the year 1918, 145, value   $336,150 00 9 Geo. 5 Second Annual Keport. M 39
The above were dealt with as follows:—
66 granted, $165,150.
Applied for    $197,950 00
52 rejected or withdrawn        121,700 00
6 pending          13,500 00
21 unappraised          33,000 00
  .  $366,150 00
145         —
Status of Land Settlement Board loans—
Loans granted in 1918—
96 loans granted as above   $206,050 00
6 loans reconsidered         4,200 00
102 Total      $210,250 00
Loans cancelled in 1918—
23,  amount   $29,250 00
Total Land Settlement Board loans granted—
246, amount    $511,600 00
Less 29 loans cancelled       42,750 00
217 loans in force    $468,850 00
Amount still due to borrowers   $107,425 14
Statement of revenue and expenditure and balance-sheet are submitted herewith.
In analysis of the statement of revenue and expenditure for the year 1918, due consideration
should be given to the fact that a good deal of time was spent and expense incurred by the
Directors in the investigation of numerous propositions which may properly be termed land-
settlement projects. Many of these were found to be not feasible at the present time, and hence
the expense incurred necessarily augments the outlay as shown in the statement as submitted.
There is another factor in the varied operations of the Board in relation to the Government
of the Province which to a considerable degree offsets the direct expense incurred, and that is
the greatly increased revenue derived through the payment of taxes, which in many cases were
several years in arrears. This applies not only to taxes on land in the settlement areas, but also
to properties throughout the Province on which loans have been advanced.
Too great emphasis cannot be laid on the very great assistance which has been rendered
the farmers through the loans advanced. During the year approximately $280,000 has been
advanced for purposes of making improvements, buying stock, etc., in addition to the $23,579
expended for stock imported as previously noted, which is not only an immediate help, but one
whose cumulative benefits will extend through the coming years.
All of which is respectfully submitted.
Maxwell Smith,
Chairman. M 40
Land Settlement Board.
1919
FINANCIAL STATEMENT OF LAND SETTLEMENT BOARD FEOM
JANUABY 1st TO DECEMBEB 31st, 1918.
AGRICULTURAL CREDIT COMMISSION ACCOUNTS.
Agricultural Credit Commission.
Trial Balance as at December 31st, 191S.
Dr.
Cr.
Debenture Account   	
Bank    	
Discount  on  debenture  sales	
Interest on deposits   	
Appraisal  fees   	
Equipment Account   	
Interest, exchange, and discount   	
Application fees, withdrawn    ,
Loans Account	
Postage  	
Legal fees  	
Interest on debentures	
Coupons Account  	
Revenue and expenditure   	
Interest accrued on loans   	
Interest accrued on debentures   	
Interest rebate  	
Interest on loans 	
U.S. premium on coupons   	
Sinking Fund Account   	
Interest on Sinking Funds	
Victory  Loan bonds   	
Bank of Commerce coupons   	
Outstanding accounts owing   	
Accrued Interest on Victory Loan bonds
Discount on Victory Loan bonds   	
Registry Office, Victoria  	
Registry Office,  Kamloops   	
15,400 25
142,613  34
616 22
'   55 80
132 50
741.429 95
5 00
12 50
45,000 00
41.216' 24
11,974  14
''SOT'05
'022'30
■   1,044 49
Vi'.ooo'oo
3,780 00
' "379 '72
$1,076,089  50
$1,000,000  00
2,077
278
44
00
12
50
266
60
3,780
00
7,500
00
48,746
62
3.0S7
95
10,104
45
231 94
2 50
1 50
$1,076,089  50
Land Settlement Board.
Revenue and Expenditure Accounts for Year ending December 31st, 191S.
A.OC Accounts.
Expenditure.
Revenue.
Proportion expenses, L.S.B	
Printing, stationery, and postage  	
Furniture   and   equipment,   10   per   cent.
written  off   	
Telephone  Account   	
Legal expenses, trustee fees   	
Interest on debentures        45
Interest rebates on loans	
Exchange, discount, and commission
U.S.  premium on coupons   	
Discount on debentures,  1/25 written off
$ 7,510
30
92
85
61
62
12
70
200
oo
45,000
00
807
05
00
80
622
30
C  6,112
00
1,474  62
Interest on deposits    $  2,077 44
Interest  on  loans        4S.746 62
Interest on investment of Sinking Funds 3.0S7 95
Discount on investment of Sinking Funds 231 94
Appraisal   fees     31 00
Legal fees     254 10
Balance : Deficit on year's operations to
December 31st, 191S, carried to balance-
sheet     6,045 57
$60,474  62 9 Geo. 5
Second Annual Report.
M 41
Land Settlement Board.
Statement of Assets and Liabilities as at December 31st, 1918.
A.C.C. Accounts.
Assets.
Liabilities.
Cash, Canadian Bank of Commerce, Current Account $      15,400 25
Canadian   Bank   ot   Commerce,   Coupon
Account     3,780 00
Discount on debenture sales         136,501 34
Furniture  and  equipment     554 60
Loans on security of first mortgage   . .      735,708 93
Interest outstanding on  loans     5,708 52
Accrued interest on loans         11,974 14
Sinking Eunds            72,424 21
Victory   Loan  bonds   .... $71,000 0O
Can.   Bank   of   Commerce     1,044 49
Accrued   interest   on   Victory Loan bonds     379 72
Province of British Columbia :   Deficits,
1916 and 1917            41,216 24
Balance :   Deficit, 1918    6,045 57
$1,029,313 80
Debentures     $1,000,000 00
Appraisal fees     114 50
Coupons unpaid     3,780  00
Accrued  interest on  debentures     7,500 00
Outstanding accounts payable           17,915 30
Registry  charges     4 00
$1,029,313 80
Deficit,  1916     $19,015 32
Deficit,  1917     22,200 92
Deficit,  1918     6,041 57
Total  deficit     $47,257 81 M 42
Land Settlement Board.
1919
FINANCIAL STATEMENT OF LAND SETTLEMENT BOARD FROM
JANUARY 1st TO DECEMBER 31st, 1918.
LAND SETTLEMENT BOARD ACCOUNTS.
Land Settlement Board.
Trial Balance as at December Slst, 1918.
Dr.
Cr.
Cash   	
Appraisal fees  received   	
Exchange and  discount   	
Loans, controlling   	
Treasury Account   	
Directors'   expenses   	
Postage   	
Members'  impress   	
Salaries,  office  staff   	
Salaries,   members    	
Appraisal fees refunded	
Loans granted   	
Legal fees,  etc	
Expenses   	
Land   purchase   	
Interest on Treasury withdrawals  . .
Accrued interest on loans   	
Interest  on   loans   	
Stationery  Account   . .-.	
Office   equipment   	
Directors' equipment  	
Outstanding  accounts  payable   	
Outstanding accounts  receivable   . . .
Revenue and expenditure  	
Appropriations   	
Registrar. Prince Rupert  	
Registrar,   Nelson   	
Registrar, New Westminster   	
Registrar, Kamloops   	
Registrar,   Victoria   	
Rebate of interest  . . . .	
Telegrams and telephone  	
Accrued interest on live-stock sales
Interest on live-stock sales   	
Directors' expenses outstanding
Office salaries  (bonus)   	
Live-stock  Purchase Account   	
Fernie-Hosmer Area   	
Cameron Drainage District   	
Settlement Area No. 2   	
Settlement Area No. 1   	
West Nicomen Dyking District  ....
Sumas Dyke project   	
Area No. 2, Land Purchase Account
Cherry Creek project   	
Area No. 1, Land Purchase-Account
Live-stock sales  	
Palling  Settlement Area   	
Cranbrook   drainage   	
Comox Valley logged-off lands   ....
200  00
468,850 00
71,302  70
6,235  39
350  00
1,200  00
10,354  60
S,4S0 35
1S9 00
10 50
3,215 35
17,303 61
4,258 80
"518'25
335  28
89 25
's',977'51
1,534 53
2,194 86
165 6S
174  92
727  19
845   16
3S6 50
2,160 56
1,150 05
3,012  6S
6.092  41
13,096  93
1.404 38
2.759 50
17,739  02
194  70
534 40
154  55
$656,198 61
1,207  50
10 97
107,425  14
174  S3
22,202  67
1,504  75
522,780 00
69 05
35 25
7 50
90  6S
3 50
174 92
334 85
177 00
656,198 61 9 Geo. 5
Second Annual Report.
M 43
Land Settlement Board.
Revenue and Expenditure Accounts for Year ending December 31st, 1918.
L.S.B. Accounts.
Expenditure.
Salaries—
Office staff $10,354 60
Directors          8,480 35
 $18,S34 95
Travelling expenses,   Directors          6,235  89
Office expenses—
Postage    $     315 00
General     10 50
Stationery written off . . . 275 50
Furniture written off   ... io  28
Telephone and telegrams.. 152  98
         769 26
Directors' equipment    9 25
Expenses, live-stock purchase     727  19
Interest on Treasury advances       17,3S8 93
Interest rebate on loans          2,194 86
$46,160 33
Revenue.
Proportion expenses, A.C.C  $ 7.510 30
Appraisal fees     889  50
Legal fees     174 S3
Exchange and discount     10 97
Interest on loans    22,202  67
Interest on live-stock sales     174 92
Balance : Deficit on year's operations to
December 31st, 1918, carried to balance-
sheet     15,197  14
$46,160 33
Land Settlement Board.
Statement of Assets and Liabilities as at December 31st, 1918.
L.S.B. Accounts.
Assets.
Cash on band    $        200  00
Loans  granted     468,850  00
Treasury  Account     71,217  3S
Members Impress Account  1,200 00
Land Purchase Account    3,215 35
Accrued interest on loans    "  4,25S 80
Stationery     200 00
Office furniture and fittings  320 00
Directors* equipment  80; 00
Accounts receivable  16,5SS  36
Accrued interest on live-stock sales  .... 174 92
Live-stock sales     17,739 02
Settlement Area No. 1     1,208 45
Settlement Area No. 2     2.21S 94
Area No.  1, purchase     2,759 50
Area No.  2. purchase     13,096 93
Fernie-IIosmer Area     845  16
Palling Area    194  70
Comox Valley logged-off lands     154  55
West Nicomen Dyking District  3,012 6S
Sumas Dyke project     6,092  41
Cameron Drainage District     3S6 50
Cherry  Creek  project     1,404 38
Cranbrook drainage  534 40
Deficit for year ending Dec. 31st, 1917 . . 1,534 53
Deficit for year ending Dec. 31st, 1918 . . 15,197 14
$632,6S4 07
Liabilities.
Appraisal  fees  unearned    $        129 00
Province of British Columbia, appropriations        522,7SO 00
Loans Account, due to borrowers       107,425 14
Accounts payable—
Sundry $1,631  60
Registry Offices          206 48
Directors' expenses          334  85
Bonus to office staff          177 00'
        2,349 93
$632,6S4 07
Deficit,  1917      $ 1,534 53
Deficit,  1918        15,197 14
Total deficit   $16,731 67 M 44 Land Settlement Board. 1919
I hereby certify that the accompanying balance-sheets are in accordance with the books ol
the Land Settlement Board (including the separate books of the Agricultural Credit Commission),
and exhibit a true and fair statement of the financial position of the Board as at December 31st,
1918, and the result of the operations for the year ended that date. The Board has not, however,
statutory authority to make advances, amounting to $11,430.37, out of Land Settlement Board
funds on behalf of the following dyking districts and dyking projects: West Nicomen, Sumas,
Cameron Lake, Cherry Creek, and Cranbrook; and I have so reported to the Honourable the
Minister of Agriculture.
A. N. Mouat,
Comptroller-General.
Victoria, B.C., February 14th, 1919.
VICTORIA, B.C.:
Printed by William H. Cullin, Printer to the King's Most Excellent Majesty,
1919.

Cite

Citation Scheme:

        

Citations by CSL (citeproc-js)

Usage Statistics

Share

Embed

Customize your widget with the following options, then copy and paste the code below into the HTML of your page to embed this item in your website.
                        
                            <div id="ubcOpenCollectionsWidgetDisplay">
                            <script id="ubcOpenCollectionsWidget"
                            src="{[{embed.src}]}"
                            data-item="{[{embed.item}]}"
                            data-collection="{[{embed.collection}]}"
                            data-metadata="{[{embed.showMetadata}]}"
                            data-width="{[{embed.width}]}"
                            async >
                            </script>
                            </div>
                        
                    
IIIF logo Our image viewer uses the IIIF 2.0 standard. To load this item in other compatible viewers, use this url:
http://iiif.library.ubc.ca/presentation/cdm.bcsessional.1-0059376/manifest

Comment

Related Items