THE HUDSON’S BAY COMPANY.

Marlborough Express, Volume IV, Issue 183, 10 July 1869, Page 6

THE HUDSON’S BAY COMPANY.

The Economist , of April 17th, has the following : —“ The Hudson’s Bay Company have at length acceded to Lord Granville’s terms in exchange for territorial rights, viz.: .£300,000 cash ; 50,000 acres of land around their posts ; and the twentieth of all land in the “ fertile belt ” set out for settlement within the next fifty years, by which they may finally get ten or twelve million acres in a settled country, and will probably get very soon about a million acres in the country to be immediately opened up. They have got a very good bargain—a large sum of money and an estate in a Colony in exchange for a property which was only of use to them when waste, and could not possibly have remained waste much longer. The shareholders grumbled that the Canadian taxation they will come under will absorb as much as the interest on the £300,000 the} 7 ' get, but Sir Stafford North cote answered this vexy well. The taxation will come out of the pockets of settlers rather than their own, and in any case it is not in thenpower to escape Canadian taxation. HexMajesty’s Government may lawfully transfer at any moment the Government of the territoxy to Caxxada. They have besides the| assux-ance that the £300,000 will be used in developing the countxy—that is, largely in the impx-ovemexxt of their own estate. They could not have beguxx a xxew ox-der of things which had become ixxevitable on more favorable conditioxxs. The impulse the event xnust give to the consolidatioxx of the Canadian dominion, whose statesmen are displaying great exiergy and consciousness of their importance as foxxnders of a new natioxx, will be very gx-eat.”