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

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500,000