INTEODUCTION. XXXVll 



Grant, Thomas Skinner, John Coles, Sir T. E. Edridge, 

 S. Fleming, C.M.C., E. Stephenson, W. V. Morgan. 



The Secretary is Mr. W. Armit, and the Broker 

 Mr. E. Harris. 



The capital consists of 100,000 shares of £13 each. 

 The market value of a share is £15 15s. The last 

 dividend, which was declared on July 22, 1891, was 

 unfavourable, being only 6s. 6d. a share. 



The fleet of the Company consists, among others, of 

 the following ships : — 



Lady Lampson. Perseverance (163 tons). 



Lady Head (457 tons). Erik (412 tons). 

 Labrador (266 tons). Prince Rupert (368 tons). 

 Titania (879 tons — a barque, formerly an old tea- 

 clipper). 



These vessels make one voyage a year, either from 

 Hudson's Bay or the North-West coast of America. 

 The York Fort ship arrives in London in September ; 

 the Moose Eiver ship at the end of July or beginning of 

 August; and the Vancouver Island at the end of 

 November or December. Many shipments are, how- 

 ever, now made by the great steamship lines from 

 Montreal, the transit by steam being more expeditious. 

 Some goods from the North-West district are sent 

 through the West Indies, the passage by Cape Horn 

 being only used for the bulkier and less valuable goods. 

 The Company had a steamer especially constructed for 

 fihe Labrador salmon fishery, but this business not 

 proving lucrative, this vessel was sold. The voyage 

 from York Fort or Moose Eiver is somewhat hazardous. 

 A ship from the latter was frozen in in 1884, also in 

 1779, 1833, 1864, and 1873. These, however, are the 

 only recorded instances since 1735. 



