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1831 Aug. 10
Colonization Society
Means of Effectuation Inducements to II. Non-propertied settlers
6. To each couple, in return for labour, as above, assurance of subsistence to
the same value as at first, for so long as it chooses to serve. In the case of
each such couple, as soon as it can obtain any better price for its labour, it
is not only the expectation but the desire of the Company, that it should so do.
7. Assurance of being taken care of in case of illness, and being provided for
during life, in case of and in proportion to the loss of capacity for labour, by
loss of limb, or the use of it
8. To each married man Assurance of being able to purchase land, upon the terms
here mentioned, as soon as, out of his savings, with the addition of what, if
any thing he has carried with him, he has made up the price set upon it.
9. Minimum (but that the ordinary price 5s per acre Minimum quantity of land,
(but that the ordinary quality) 80 acres. Thence Price of the whole lot about
£20.
10. Assurance of finding in the stores of the Company, at the first built town in
the Colony, all requisite instruments of husbandry at fixt prices
Observations
The Company (it is supposed) will feel no difficulty as to the engaging to find
perpetual employment for all such immigrants as choose to accept it. Not to
speak of Buildings, for which skilled labour will on the part of some of the
workmen be necessary, the roads and other means of communication will at all
times afford an ample demand for ordinary labour.
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Title: [1831 Aug. 11 Colonization Society]Description: 1831 Aug. 11 Colonization Society Brouillon Raw Materials Ch.IV Means of effectuation - incitative §1. - to Stockholders. 1. Interest and profit on their shares. II. Return, or say Profit from the respective sources 1. First source of profit looked to - produce of the sale proposed to be made of land in lots. Number of acres in a lot, 80 or thereabouts - minimum price per acre, 5s. This gives for the Minimum produce of each lot, £20 Minimum of expected interest and profit together, say 5 per Cent. Upon the capital of £500,000 a years interest at 5 per Cent is £25,000 Number of lots which to produce each year's interest must have been sold in the course of the year is 1,250 But if, of the £500,000, one fourth part namely £125,000 is, as proposed lent to settlers with capital in that case on the supposition that the interest at which it is lent is 5 per Cent, and that interest paid without deduction, one quarter of the above /the £25,000/ amount of interest namely £6,500 will be obtained otherwise than by sale of land £18,750 Lots of land to be sold in a year 975 Acres of land to be sold in a year 750,000 But the £250,000 which is proposed to be laid out in the purchase of labour and materials employed on [...?] improvements such as the necessary buildings, and the means of communication - such as roads, bridges if necessary, and Canals and in so far as more economical than roads; and, if necessary and economical, improvement of the harbour, will not be laid out - the whole of it - in the course of one year.
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Title: [1831 Aug. 13 Colonization Society]Description: 1831 Aug. 13 Colonization Society Ch.V. Constitution House and Colonial §.1. Difficulty suggested So much as to what it is to be wished should have place. So much as to what ought to have place. But now, as to what will have place Whatsoever be the capital proposed by the Shareholders to be advanced by these same Shareholders has (suppose) been advanced. But the repayment of the sum advanced with interest for the time during which it has been advanced - this repayment or the continuance of the interest upon it until the repayment as above shall have been compleated - whence is it to come? Aye there's the rub: and this same rub - it concerns all intended Shareholders to be prepared for - not to say against Sources of profit as above, two: 1. sale of the lands - in each year, sale of as large a quantity of the as yet unsold land as at a price not below the minimum pitched upon can, within the compass of that same year can be sold. 2 Net profit on the produce of the quantity of land kept in the hands of the Company: under the management of the functionaries of the several descriptions maintained and paid by the Company in the Colony: the Company being in this way one great Absentee.
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Title: [1831 Aug. 9 Colonization Society]Description: 1831 Aug. 9 Colonization Society Means of Effectuation §. Pecuniary Means Original Means of effectuation - Scene, England 1. Formation of a Joint-Stock Company, by the name of the Colonization Society or Colonization Company. A certain number of individuals have agreed together to constitute themselves into a Joint Stock Company; if, for that purpose, they can obtain, at the hands of Government, the necessary powers. Name of the instrument by which these powers are granted - a Charter. For the formation of it, a Charter from the Crown would be necessary 2. Name of the spot proposed a spot discovered by Capt. Flinders and by him named Gulph Vincent Capital proposed to be raised £500,000 Disposal of it, as follows - 1. Paid to Government - to be employed by Government in defraying the expence of the transportation of persons consenting to be so dealt with on condition of their being provided for a certain length of time with the means of subsistence in consideration of the labour to be by them respectively employed, under the direction and for the benefit of their respective employers ... £125,000 2. To be employed in loans made to small capitalists on condition of their employing the money in the expences of making [?] settlement in the Colony, and advancing for that purpose each of them a sum equal to the sum advanced to them by the Company .... £125,000 3. To be employed in means of communication of all sorts: such as Roads, by land and water, Bridges for the purpose of giving a factitious value to all lands in contiguity with them and near vicinity, to an indefinite extent. £250,000 ________ 500,000
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