"f7d3d536-a68a-4295-89a0-fa6e7d95b170"@en . "CONTENTdm"@en . "DEVELOPMENT OF DEEP SEA FISHERIES."@en . "http://resolve.library.ubc.ca/cgi-bin/catsearch?bid=1198198"@en . "Sessional Papers of the Province of British Columbia"@en . "British Columbia. Legislative Assembly"@en . "2014-11-14"@en . "[1892]"@en . "https://open.library.ubc.ca/collections/bcsessional/items/1.0065821/source.json"@en . "application/pdf"@en . " 55 Vict. Development of Deep Sea Fisheries. 681\nPAPERS\nIn relation to the settlement of Fishermen and others and the development of Deep\nSea Fisheries in the Province of British Columbia.\nJ. H. TURNER,\nMinister of Finance.\nTreasury,\nV8th March, 1892.\nVictoria, B.C., 19th September, 1891.\nSir,\u00E2\u0080\u0094Referring to the interviews we have had with you before and after our exploratory\ncruise round Vancouver and Queen Charlotte Islands, we have the honour to state that the\nobject of our mission here is to arrive, if possible, at an understanding with your Government\nas to a plan by which a Commercial Company could be established, to work in conjunction\nwith the scheme of Crofter colonization; which we believe it is the intention of your Government to carry out with the assistance of the Imperial Treasury.\nWe understand that the allowance per family under the scheme referred to, will only be\nsufficient to transfer the Crofter fishermen to your islands, instal them in their locations, and\nprovide them with the means of earning a livelihood, and that your Government recognise the\nnecessity for an organization which would step in and act as factors in carrying out the commercial work arising out of this colonization scheme. We assume that the primary object\nyour Government has in view, is the settlement of the vacant lands around your islands, by a\nclass whose principal business would be the development of the deep sea fishings of your\nProvince, and that in order to place the enterprise beyond a peradventure you are disposed\nto welcome, on certain conditions, the establishment of a powerful company, which would\nsupply the necessary link between the settlers and the markets available for their produce.\nBelieving that the scheme offered an opportunity for the profitable employment of\ncapital, a responsible London Syndicate commissioned us to proceed to British Columbia to\ninvestigate the subject and confer with you.\nThrough your kindness we have been able to make the round of the islands, and from\nthe information we have gained, we are convinced that the elements exist for the establishment of what ought ultimately to become a very important commercial enterprise, principally\nin the organization and development of the deep sea fisheries of your Province, and in contingent industries arising therefrom.\nIt is our purpose to lay before you a full detail of the scope of the proposed operations,\nand the methods by which the general plans would be carried out, so that your Government\nmay be able to form an opinion as to the lines on which the business will be developed. This,\nhowever, we will only be able to do after our return from a visit to Mainland points as far\nsouth as San Francisco, where we go for the purpose of ascertaining the market requirements\nat those places, and also the question of rates to inland points reached by fhe various transcontinental roads.\nMeanwhile we have come to the conclusion that the objects we have in view can only be\ncarried out by a command of capital sufficient to meet the fullest development of the scheme,\nand that the company to be formed will require, to be established on a share capital of at least\n\u00C2\u00A3500,000 sterling, which amount would, we presume, be a guarantee to your Government of\nthe ability of the Company to cope with any extension of the enterprise, but capital would\nonly be called up from time to time as necessity might demand.\nWe do not expect that we shall have any difficulty iii convincing our Syndicate as to\nthe profitable nature of the work to be engaged in ; but you will, we think, concede that an\nuntried industry, however promising, does not in these days constitute sufficient grounds for 682 Development of Deep Sea Fisheries. 1892\nthe subscription of capital, and that, therefore, some substantial basis must exist on which\nsuch capital can be subscribed, and that some kind of guarantee must underlie any estimate\nof prospective profits.\nFrom what we have already learned we have every reason to believe that the scheme is\na sound one from a commercial standpoint, but we are convinced that it would be useless to\nattempt to form a company without some solid basis, and therefore suggest that a grant of\nlands contiguous to or alternating with those set apart for the Crofters, would be the best\nmeans of supplying the necessary foundation for the formation of the proposed Company.\nThe lands to be set apart for the Company would require to be contiguous to the seaboard, and suitable for fishermen and others which the Company would settle on them in\nfurtherance of the fishing and other industries, and might include timber, coal, and mineral\nresources which would ultimately come within the scope of the Company's operations.\nWe venture to suggest, as the proposed capital of the Company would be \u00C2\u00A3500,000\nsterling, that the Provincial Government should grant to the Company for colonization and\ncommercial purposes 500,000 acres of lands, which, assuming the average value in their wild\nstate to be one dollar per acre, would represent a guarantee of say one-fifth of the capital of\nthe Company.\nPresuming that this suggestion would be fair and reasonable, we have marked out on the\ncharts we used during our cruise, certain areas around your coasts, from which lands for the\nCrofters and lands for the Company could be ultimately selected.\nThe areas marked are considerably in excess of the actual requirements of both, but our\nexperience on the trip showed us that selection would only be possible after careful survey,\nas it could not be to the advantage of the Province, the Crofters, or the Company that allocations unsuitable or valueless should be included in these concessions.\nWe hand you herewith a memorandum of the proposed reservations, together with a set of\ncharts shaded yellow, for your information, and would suggest\u00E2\u0080\u0094the acreage to be granted\nbeing first determined\u00E2\u0080\u0094that a sufficient number of years should be allowed for selection, the\nsurvey being undertaken to an agreed extent per annum, at the joint expense of the Government and the Company, and as the reservations are surveyed and the lands selected, these\nshould be conveyed in fee simple by deed to the Company, taxation free till occupied.\nThe concessions and conditions under which these would be granted would, we presume,\nbe offered provisionally through us to the Syndicate, to be fully set forth in the prospectus,\nand to be confirmed between your Government and the Company when the same is regularly\nconstituted.\nOn such lines as these we believe the capital of the Company would be readily subscribed\nand become available for application to the undeveloped resources around the seaboard of\nyour Province.\nWe have the honour to be,\nSir,\nYour obedient servants,\nW. J. Engledtje,\nWm. Clark,\nCommissioners for the Vancouver Island Development Syndicate (Limited),\n19, St. Swithin's Lane, London, E.C.\nTo the Hon. John Robson,\nProvincial Secretary, &c, &c,\nVictoria, B.C.\nP.S.\u00E2\u0080\u0094Our certificate of appointment as Commissioners of the Syndicate is herewith\nattached.\nAppointment of Commissioners.\nThis is to certify that at an Extraordinary General Meeting of the shareholders of the\nCompany duly convened and held at 19, St. Swithin's Lane, London, E.C, on Thursday, the 23rd\nJuly, 1891, the agreement dated 15th July, 1891, providing for the appointment of Colonel\nW. J. Engledue, R.E., and Major William Clark, as Commissioners to the Vancouver Island\nDevelopment Syndicate, to proceed to British Columbia on behalf of the Company, was\nadopted, and the appointment ratified and confirmed.\nA. J. Macphail,\n19, St. Swithin's Lane, E.C, 24th July, 1891. Secretary. 55 Vict. Development of Deep Sea Fisheries. 683\nMEMORANDUM OF AREAS\nProposed as reservations from which the lands to be allocated under the Crofter Colonization\nScheme, and for the purposes of the Commercial Company, would be finally selected.\nIn all cases the estimate of acreage is only roughly approximated, and where descriptions\nmay be defective the yellow colourings on the accompanying charts should be taken as correct.\nIn the detail no mention is made of Indian Reserves or lands already allocated, but the\nareas in each case are requisitioned subject to these reservations and allotments.\nPort San Juan.\nThe area within the limits marked on Government plan as far east\nas the eastern boundary line of Sections 4, 9 and 16, in Township 10,\nbounded on the south by the northern Ihnit of Township 12, and on\nthe north-west and south-west by the red line limit of Government\nplan, say 4,000 acres.\nThe area on Admiralty chart within latitude 48\" 35' and west\nlongitude 124\u00C2\u00B0 24' from the westerly limits of Government plan, including coastline between these parallels, say 12,000 ,,\nBarclay Sound and Clayoquot Sound.\nThe area embracing the Cape Beale Peninsula, from Palchena Bay to\nthe existing Bamfielcl Creek allotments, say 1,500 ,,\nThe lands situated between latitude 48\u00C2\u00B0 51' 20\" and latitude 48\u00C2\u00B0 54'\n30\", bounded on the east by longitude 124\u00C2\u00B0 55', and bounded on the\nwest by the seaboard, say 10,000 ,,\nThe lands within the triangle on the east side of Alberni Canal,\nbetween latitude 49\u00C2\u00B0 4' 30\" and the boundary line of the land grant of\nthe Esquimalt and Nanaimo Railway Company, say 23,000 ,,\nCopper Island, Robber Island and the Deer Islands Group, say.... 5,000 ,,\nVillage Island, with Gibraltar, Nettle and Puzzle Island Group, say 1,400 ,,\nValley at the head of Uchucklesit Harbour, four miles long by two\nmiles wide, and running in a north-westerly direction, say 5,000 ,,\nThe lands embraced in the coast line from the Entrance to Pipe-\nstem Inlet to a point in Tofino Inlet on latitude 49\u00C2\u00B0 6' 40\" and\nlongitude 125\u00C2\u00B0 44' 20\"; thence by a straight line to a point on latitude\n48\u00C2\u00B0 56' 30\" and longitude 125\u00C2\u00B0 30'; thence following the foot-hills in a\nnorth-easterly direction to the point of commencement, say 20,000 ,,\nVargas Island, say 4,000 ,,\nFlores Island, say 23,000 \u00E2\u0080\u009E\nEsperanza Inlet and Nootka Sound.\nThe land south of latitude 49\u00C2\u00B0 30',and lying between the sea coast\nand Sydney Inlet, including Hesquiat Harbour, say 36,000 ,,\nThe land on Machalat Arm extending one mile on each side of\nGold River, and six miles upwards from its mouth, say 7,500 ,,\nThe promontory comprising Port Langford as far east as a line\ndrawn through on 126\u00C2\u00B0 53' west longitude, say 5,000 ,,\nThe land lying between Port Eliza and round the coast to the head\nof Deep Inlet, including Catala Island, say 35,000 \u00E2\u0080\u009E 684 Development of Deep Sea Fisheries. 1892\nQuatsino to Esperanza, including Kyuoquot Sound.\nThe land on river at head of Tahshish Arm, one mile on each side\nand extending ten miles inland from its mouth, say 12,800\nUnion Island and Table Island, say 5,800\nA strip of coast line one mile wide, commencing with Bunsby Islands\naround the shores of On On Kinch and Nasparte Inlets south-westwards to a point near Bankes Reef, say 21,000\nGoletas Channel to Quatsino Sound.\nThe unallotted portions of Townships 30 and 39, and west half of\n28; Townships 41, 42, 43, 44, 35, 34, 23 and 22, with the Cox, Lanz,\nGaliano, Balaclava, Hirst and Gordon Group of Islands, say 118,000\nJohnstone and Broughton Straits.\nMalcolm Island, say 15,000\nThe lands on the mainland of Vancouver Island from and including\nBeaver Cove, two miles back from seaboard, and north-west to head of\nHardy Bay, say 33,000\nCape Caution to Port Simpson.\nGribbel Island, and the peninsula formed by drawing a line from\nFisherman's Cove to the head of Triumph Bay, say 95,000\nThe portion of the Tsimpsean Peninsula lying between the Indian\nReserve on the west and the shore of Work Channel on the east,\nand between latitude 54\u00C2\u00B0 25' and latitude 54\u00C2\u00B0 30', say 6,000\nMiddle and South Dundas Islands, say 20,000\nQueen Charlotte Islands.\nThe portion of Graham Island between Masset Inlet and the west\ncoast, lying north of latitude 53\u00C2\u00B0 40' and between west longitude 132\u00C2\u00B0\n15' and the east coast of Graham Island, bounded on the north by\nlatitude 53\u00C2\u00B0 40'. The portion of Moresby Island, and its adjacent\nislands as far south as latitude 52\u00C2\u00B0 39', including Lyall Island and the\nsouthern extremity of Moresby Island as far north as latitude 52\u00C2\u00B0 17',\nsay 800,000\nTotal 1,319,000 acres.\nABSTRACT.\nVancouver Island and Islands 398,000 acres.\nMainland and Islands 121,000 \u00E2\u0080\u009E\nQueen Charlotte Islands 800,000 \u00E2\u0080\u009E\n 1,319,000 acres.\nW. J. Engledue,\nWm. Clark. 55 Vict. Development of Deep Sea Fisheries. 685\nVictoria, B.C., 10th October, 1891.\nSir,\u00E2\u0080\u0094Referring to our letter to you of the 19th September, and to our promise to lay\nbefore you in detail the lines on which the proposed Commercial Company would be advised\nby us to operate, we beg to state that we would recommend the organization and division of\nthe work as regards the fisheries under the following headings:\u00E2\u0080\u0094\nFresh Fish.\nFor this department we would propose the erection of refrigerating storage at selected\npoints contiguous to the fishing settlements, where the fishermen would be able to deliver their\ncatch daily in perfectly fresh condition; and that special steamers should be built of high speed\nand containing refrigerating machinery for the carriage of the fish from the outlying depots to\ndifferent market towns and railroad centres, and that at these points storage refrigerators\nshould be erected to receive the fish from the steamers, to be there stored for sale in the towns,\nand for transport by refrigerator cars to inland markets.\nFish Curing.\nArrangements would be made for preserving, by all the best known methods, the surplus\ncatch of the larger descriptions of fish, as also the smaller kinds more specially suitable for\ncuring. Besides salting and drying, other advantageous methods would be put in operation\ngradually, as experience warranted.\nOil from Edible Fishes.\nArrangements would be made for the erection of plant for the extraction of oil from herrings, oolachan and other edible fishes, as also for the manufacture of cod liver oil.\nOil from Non-Edible Fishes.\nArrangements would be made for carrying on the extraction of oil from dog fish and the\nspecies of whale found around the islands.\nManufacture of Fish Products.\nOur operations would include the recovery of all chemicals or products found to be profitable, particularly the manufacture of fish guano, from non-edible fishes, and from the offal of\nother varieties.\nThe foregoing will serve to show you in what way we propose to cover the ground. It\nwill readily be seen that the system proposed will necessarily involve the outlay of large\namounts of capital both for installation and subsequent operation. We have given the matter\nthe most careful consideration, and as regards fresh fish we can find no other satisfactory way\nof dealing with this branch. The perishable nature of the product demands that it should be\ntaken care of in such a way that a perfectly sound and marketable article can be guaranteed\nto consumers throughout the year.\nThis system would insure a daily market for the fishermen at our outlying depots. The\nfish would be delivered to the refrigerators, cleaned, gutted, and ready for storage, and could\nbe paid for by weight or per fish, as might be arranged, and if desired by your Government,\na per centage of the value could be retained, to be paid over by the company to the\nGovernment for the liquidation of the advances made to the immigrants under the Crofter\nColonization Scheme.\nWe would propose a gradual extension from careful beginnings, increasing step by step, as\nthe labour available and market requirements warranted. Contingent industries would subsequently come within the scope of the company's operations. By means of saw-mills the company would be able to supply the lumber required on the settlements as well as for export.\nBox-making, barrel-making, boat-building and ship-building, would also be amongst the branches\nnecessary for the conduct of its business. While on the lands allotted to the company, settlement would be steadily effected and the resources of these lands developed.\nTo carry out such objects, the company would be formed not for any speculative purpose\nbut for the commercial development of what are as yet practically untouched resources, and\nlying in districts practically uninhabited. We trust these explanations will enable you to 686 Development of Deep Sea Fisheries. 1892\njudge as to the advantages to the Province of such an organization, and that your Government\nwill agree to grant, as a means of securing its operation, the concessions asked for in our letter\nof the 19th ultimo. We have the honour to be,\nSir,\nYour obedient servants,\nW. J. Engledue,\nWm. Clark,\nCommissioners for the Vancouver Island Development Syndicate, Limited.\n19, St. Swithin's Lane, London, E. C\nTo the Honourable John Robson,\nProvincial Secretary, Sc, &c,\nVictoria, B.C., 15th October, 1891.\nSir,\u00E2\u0080\u0094In our communications of the 19th September and 10th inst., we placed before you\nour case, as regards the proposed Commercial Company, intended to work in conjunction with\nthe scheme for settling Scotch Crofter fishermen around your islands. In these letters we\nmade no reference to the question of selecting families from this part of the Old World population for settlement on your shores, neither have we entered into any special arguments in\nfavour of granting a footing to the proposed Commercial Company, believing that, as regards\nboth branches of the scheme, the benefits likely to accrue to the Province would be evident to\nall unprejudiced persons anxious to see the outlying districts populated by self-sustaining\ncommunities, and the latent resources of British Columbia steadily developed.\nWe have, however, heard various objections raised to the Crofter scheme, and are prepared also to learn that objections will be taken to the proposed Commercial Company, and\nas these objections may take more specific shape when the scheme comes to be discussed in\nyour Legislature, we would desire to be allowed to place before you a few of the considerations\nwhich have guided us throughout, and which may be helpful in placing the whole question\nupon its merits. On becoming acquainted with the nature of the negotiations which were in\nprogress between your Government and the Imperial Treasury, the Syndicate which we\nrepresent determined to follow the matter up, as we believed the scheme would afford profitable employment for thousands in opening up the deep sea fisheries of your Province, and that,\nother things being equal, the commercial aspects of the scheme seemed to afford a good opportunity for the profitable employment of capital.\nIt was, however, necessary for us to look at the question from every standpoint, and first\nof all we had to consider the adaptibility of the Crofters themselves, to the work they would\nbe engaged in. We were aware that prejudice existed in the minds of many regarding this\nclass, the result of imperfect knowledge of their circumstances and surroundings. In many\ndistricts they are overcrowded and are unable to earn a livelihood, and are thereby the prey\nof designing parties who have been only too ready to foster in their midst a spirit akin to\nthat which has taken root in certain districts in Ireland. We have, however, satisfied ourselves that in the main no better class could be settled on your shores than the fishermen who\ncrowd each other on the Scottish coasts. They have for generations been engaged in deep sea\nfishing, and have had to pursue their avocations in a climate and on stormy seas compared\nwith which British Columbia is a veritable Paradise. Being trained from boyhood to this\nwork, they require no education in coming to this Province, and would speedily accustom\nthemselves to their improved surroundings. To judge from results in Nova Scotia and in the\nRed River Settlement, which were originally peopled by this class, no better stock can be\nfound. Recent experience in Manitoba and the North-West, where members of this class\nhave been settled, has proved that as farmers many of them can show results equal to that of\ntheir neighbours, and there can be no doubt that selected men will show even better results\nas fishermen carrying on the business they have hitherto followed. It should also be borne\nin mind that under such a scheme the best men as a rule volunteer to emigrate, the least\ndesirable from want of energy or ambition preferring to stay at home. Good, bad and indifferent are to be found in every community, but there is every reason to believe that the\nbest will form the colonies which are to be established round your islands, and we believe\nthat through the operations of the proposed Company their labours will be successful to the\nbenefit of all concerned. 55 Vict. Development of Deep Sea Fisheries. 687\nWe have heard it urged against the scheme, that these settlers will interfere with the\nlabour market. The reverse is the case. They come for the purpose of engaging in a new\nindustry, and the locations in which they will carry on their work will be in districts at\npresent remote and uninhabited.\nThey will trench on no existing industry, unless it be that the daughters of these families,\nby engaging in domestic service, may displace Chinese labour round your homes\u00E2\u0080\u0094an intrusion\nupon existing rights which even the most rabid labour advocate would not greatly deplore.\nThe operation of the scheme will bring in a class which do not exist in the Province, to populate outlying districts awaiting settlement, to engage in an industry which has not as yet been\norganized, and by their labours to add to the revenues of your Province. Every producer is\nin the nature of things a consumer of the products of others, and as such these fishermen will\nbe a benefit to the community.\nWe are prepared to hear that objection will be taken to any disposition on the part of\nthe Government towards encouraging the proposed commercial Company, and in particular as\nregards the granting of lands for the purpose of securing its operation. It is a question for\nall really interested in your progress to consider, if the benefits to be gained will not be cheaply\nbought by a grant of lands as requested. The operations of the Company, humanly speaking,\nwill enable the Crofters to repay the advances made by the Imperial Treasury without risk or\nanxiety to your Government, and in this safe and practical way you will be able to add some\ntwelve hundred and fifty families of skilled workers to your population, a community which\nwill in the course of time become an all important factor in developing the fishery wealth of\nBritish Columbia.\nBy organizing and developing the deep sea fisheries around your coasts, the Company\nwill be able to add enormously to the wealth of the Province. Although thousands are\nemployed in your salmon fishing, which is strictly a river industry, the deep sea is practically\nuntouched, and when it is remembered that the Atlantic fisheries of Canada give employment\nto nearly 70,000 men, the importance of this work to your Province can scarcely be overestimated.\nThe lands asked for form only a fractional percentage of what you possess, and lie in\ndistricts where but for the operation of the proposed Company they might lie dormant for\nthe next quarter of a century. They are not asked to be alloted for any speculative purpose,\nbut as a basis on which to build the Company. They will, to a large extent, be required by\nthe Company for the settlement of the artisans and labourers required to carry on the direct\nand contingent enterprises within its scope, and by means of subsidiary Companies the special\nresources of the remainder will be developed. In this way the Province will not only benefit\nby the Company's capital of half a million sterling, but large additional capital will be forthcoming to apply to special industries. Moreover, it will be evident that the colonization of\nthese outlying districts through the Company's operations will bring under enquiry for settlement, at a much earlier date than otherwise, the Government lands in these vicinities.\nWe have spent the last two months in exhaustive enquiry into every phase of the question,\nand have placed our case before you in the belief that the advantages which will result to the\nProvince in the opening up of its latent resources will amply repay it for the concessions it is\nasked to grant.\nWe court the fullest enquiry regarding the Syndicate which we represent and the nature\nof the support behind it, and beg to assure you of its ability to carry out, through the\nincorporation of the proposed Company, all agreements which may be provisionally entered\ninto.\nWe trust you will accept these remarks in the same spirit in which they are offered, and\nthat they may be of some value in clearing up points requiring elucidation.\nWe have the honour to be,\nSir,\nYour obedient servants,\nW. J. Engledue,\nWm. Clark,\nCommissioners for the Vancouver Island Development Syndicate (Limited),\n19, St. Swithin's Lane, London, E. C,\nTo the Honourable John Robson,\nProvincial Secretary, &c, &c, Victoria, B. C, 688 Development oe Deep Sea Fisheries. 1892\nTreasury Chambers,\nWhitehall, S. W.,\nJune 10th, 1891.\nDear Mr. Beqg,\u00E2\u0080\u0094I am directed by the Chancellor of the Exchequer to communicate to\nyou in writing the result of your interview with him on June 3rd.\nHer Majesty's Government are prepared to accede to the application of the Government\nof British Columbia for a loan of \u00C2\u00A3150,000 from the Imperial Government for colonization\npurposes, upon the following conditions :\u00E2\u0080\u0094\n(1.) The Government of British Columbia are to undertake, by the aid of the above-\nmentioned sum, to transfer from 1,000 to 1,250 families of Crofter fishermen and others from\nthe Western Highlands and Islands of Scotland to British Columbia, to locate them on free\nlands on the sea coast and islands of that country, and to provide them with dwellings and\nmeans of livelihood.\nIt is proposed that the colonists should be transferred in parties, beginning with fifty\nfamilies; the whole number of families to be located within six years from the time of the first\nsettlement. It is hoped that the cost of settlement will be about \u00C2\u00A3120 per family; but in any\ncase the cost is not to exceed \u00C2\u00A3150 per family.\n(2.) The sum of \u00C2\u00A3150,000 is to be advanced in three instalments of \u00C2\u00A350,000. The first\ninstalment is to be advanced so soon as an Act providing for carrying out the scheme under\nconsideration, and containing the necessary financial clauses, has been passed by the Legislature\nof British Columbia, in a form satisfactory to Her Majesty's Government. The second instalment is to be advanced when the first instalment has been expended upon settling such\nnumber of families as it will provide for ; and the third instalment when the second has been\nso expended.\n(3.) The Government of British Columbia are to guarantee repayment of the sum\nadvanced, with interest at three per cent, per annum. Repayment of each instalment of the\nloan is to commence at the end of five years from the date at which it was advanced. The\ninterest during these five years is to be added in each year to the principal of the loan ; and\nthe whole amount of each portion of the loan is to be repaid by equal annual instalments\nextending over twenty-five years from the date at which, in each case, repayment begins.\n(4.) All responsibility for the welfare of the families settled will naturally rest with the\nGovernment of British Columbia; but Her Majesty's Government will from time to time ask\nthe Government of British Columbia for such information as will enable them to satisfy themselves that the further advances can with advantage be made. Should it at any time appear\nto Her Majesty's Government, or to the Government of British Columbia, that the measure of\nsuccess attending the colonization scheme has not been adequate, and that it is therefore\ndesirable to abandon the further carrying out of the scheme, any unexpended balance in the\nhands of the Government of British Columbia will then be repaid, with the interest accrued\nup to the date of repayment.\nMention was made of the question whether the Scotch Office could bear any of the expense\ncf the agency employed in selecting families. The Chancellor of the Exchequer said that this\npoint should have his consideration, but that he could not give any pledge on the subject. The\nsum suggested was \u00C2\u00A3500 per annum.\nYours faithfully,\n(Signed) H. Babington Smith.\nCopy of Memo, by Mr. Goschen :\u00E2\u0080\u0094\n\" I will sanction \u00C2\u00A3500 a year until the first \u00C2\u00A350,000 have been expended, but not to\nexceed three years, without re-consideration.\"\n(Signed) G. J. G. 55 Vtct.\nDevelopment of Deep Sea Fisheries.\n698\nSTATEMENT A.-\u00E2\u0080\u0094Showing distribution of loan, investments, &c.\nYear.\nFamilies.\n50\n200\n200\n150\n250\n150\nLoan.\n$242,500\nRequired.\n$ 36,375\n145,500\n145,500\n109,125\n181,875\n109,125\nOn hand.\nOutfits, &e.\nRequired\nbalance next\nyear.\nInvested at\n4 per cent.\nInterest.\n1892\n1893\n$206,125\n60,825\n157,625\n48,500\n291,000\n$18,187.50\n72,750.00\n72,750.00\n54,562.50\n90,937.50\n54,502.50\n$18,187.50\n72,750.00\n72,750.00\n54,562.50\n90,937.50\n54,562.50\n$224,312.50\n142,347.50\n245,041.40\n127,530.55\n229,631.77\n93,317.04\n$ 8,972.50\n5,693.90\n1894\n1895\n242,500\n9,S01.65\n5,101.22\n1896\n1897\n242,500\n9.185.27\n3,732.68\n1,000\n$727,500\n727,500\n$42,4S7.22\nMemo.\u00E2\u0080\u0094The above accumulated interest, viz.: $42,487.22, is not included in the following Statement B.\nIt is available for contingencies, &c, or may be invested. 690 Development of Deep Sea Fisheries. 1892\nSTATEMENT B.\u00E2\u0080\u0094Showing repayments, &e.\nJanuary 1, 1895\u00E2\u0080\u0094Repayments by 50 families @ $50 per family $2,500 00\nInterest to 31st December, 1895, on $2,500 @ 4 % 100 00\n1, 1896\u00E2\u0080\u0094Repayments by 250 families 12,500 00\nInterest to 31st December, 1896, on $2,600 + $12,500 = $15,100 604 00\n1, 1897\u00E2\u0080\u0094Repayments by 450 families 22,500 00\n38,204 00\n1, 1897\u00E2\u0080\u0094First payment to Imperial Government, J of $48,433.05 $16,144 35\nBalance, 31st December, 1897 22,059 65\n $38,204 00\nJanuary 1, 1898\u00E2\u0080\u0094Balance, 31st December, 1897, $22,059.65, with one years interest, $882.39.. . $22,942 04\n,, Repayments from 600 families 30,000 00\n52,942 04\n,, ,, Second payment to Imperial Government, one-third $16,144 35\nBalance 31st December, 1898 . 36,797 69\n $52,942 04\nJanuary 1, 1899\u00E2\u0080\u0094Balance, 31st December, 1898, $36,797.69, with one year's interest, $1,471.89. $38,269 58\n,, ,, Repayments from 850 families 42,500 00\n80,769 58\n,, Third payment to Imperial Government, \u00C2\u00A7 of $48,433.05 $32,288 70\nBalance- 31st December, 1899 48,480 88\n $80,769 58\nJanuary 1, 1900\u00E2\u0080\u0094Balance, 31st December, 1S99, $48,480.88, with one year's interest, $1,939.23. $50,420 11\nRepayments of 1,000 families 50,000 00\n100,420 11\n,, \u00E2\u0080\u009E Fourth payment to Imperial Government, two thirds $32,288 70\nBalance, 31st December, 1900 68,131 41\n1,420 11\nJanuary 1, 1901\u00E2\u0080\u0094Balance, 31st December, 1900, $68,131.41, with one year's interest, $2,725.25. $70,856 66\n,, Repayments from 1,000 families 50,000 00\n120,856 66\n,, ,, Fifth payment to Imperial Government, three-thirds $48,433 05\nBalance, 31 st December, 1901 72,423 61\n $120,856 66\nJanuary 1, 1902\u00E2\u0080\u0094Balance, 31st December, 1901, $72,423.61, with one year s interest, $2,896.94. $75,320 55\n\u00E2\u0080\u009E \u00E2\u0080\u009E Repayments from 1,000 families 50,000 00\n125,320 55\n\u00E2\u0080\u009E ,, Sixth payment to Imperial Government $48,433 05\nBalance, 31st December, 1902 76,887 50\n $125,320 55\nVICTORIA, B.C.:\nPrinted by Richard Wolfenden, Printer to the Queen's Most Excellent Majest}."@en . "Legislative proceedings"@en . "J110.L5 S7"@en . "1892_34_681_690"@en . "10.14288/1.0065821"@en . "English"@en . "Vancouver : University of British Columbia Library"@en . "Victoria, BC : Government Printer"@en . "Images provided for research and reference use only. For permission to publish, copy or otherwise distribute these images please contact the Legislative Library of British Columbia"@en . "Original Format: Legislative Assembly of British Columbia. Library. Sessional Papers of the Province of British Columbia"@en . "PAPERS In relation to the settement of Fishermen and others and the development of Deep Sea Fisheries in the Province of British Columbia."@en . "Text"@en . ""@en .