OUR SEA FISHERIES. 221 



foundland, lately so recklessly sought to be sacrificed, 

 that we owe the fact of our having a great navy at 

 all. We append an extract from the Toronto Leader, 

 considered of sufficient interest hy the Times for 

 insertion, and certainly worthy of the consideration 

 of all classes of Englishmen. It is also to be noticed 

 that whereas the whole yearly produce obtained by 

 OUT countrymen now from this source amounts to 

 $8,500,000, as far back as 1814 we realized some- 

 thing like $15,000,000 per annum, or nearly double 

 the amount realized now. France and America both 

 pay heavy bounties for the prosecution of these 

 fisheries. We pay our bounties, too, but in a different 

 form ; for we pay at least five times as much for 

 manning ships, &c. in order to produce an inferior 

 article. 



" * There is no part of the British American coast 

 where the fishery cannot be prosecuted with success ; 

 at Labrador, Newfoundland, Cape Breton, on the 

 eastern shores of New Brunswick and Nova Scotia ; 

 at Prince Edward Island, the Magdalen Islands, 

 Anticosti — everywhere it is the same. Though these 

 fisheries thus surround the British American coast, 

 they are extensively prosecuted by subjects of France 

 and citizens of the United States. By Canada they 

 are almost entirely neglected ; a few years ago we 



