The commissioners regarded the land purchase act as embodying the most
simple and efficacious remedy for existing evils. Under that act the
Worrell and Selkirk estates had been purchased,—covering about one
hundred and forty thousand acres, by which signal advantages were
secured, the proprietors being dispossessed by their own consent, the
tenants being enabled to purchase their holdings and improvements, not
necessarily at a price so high as to represent the rents stipulated to
be paid, but at the lowest price which the expenses of management, added
to the aggregate cost of the estate, would warrant; and the wild lands
were at once rescued from the leasehold system, and were subjected to
the wholesome control of the local government, to be hereafter disposed
of in fee simple, at moderate prices, as they are in all the other North
American provinces. The commissioners unanimously recommended the
application to the whole island of the principles embodied in the land
purchase act, under modifications which appeared to be essential to
their more extended adoption.
With respect to escheat, the commissioners reported that there was no
light in which the present escheat of the titles, on the ground of the
conditions of the original grants having been broken, could be viewed,
which would not exhibit consequences most disastrous to the island. They
therefore reported that there should be no escheat of the original
grants for non-performance of conditions as to settlement.
The commissioners recommended that the imperial parliament should
guarantee a loan of one hundred thousand pounds, so that the money could
be borrowed at a low rate of interest. With the command of such a fund,
the government would be in a condition to enter the market, and to
purchase, from time to time, such estates as could be obtained at
reasonable prices. They did not doubt that many of the proprietors would
be glad to sell, and the competition for the funds at the disposal of
the government would so adjust the prices that judicious purchases could
be made without any arbitrary proceedings or compulsory interference
with private rights. The commissioners felt that it might be beyond
their duty to make such a suggestion, but they hoped Her Majesty’s
government would regard the case of Prince Edward Island as exceptional,
its grievances having sprung from the injudicious mode in which its
lands were originally given away.
Public-domain text, read in full here on John Shaqi.
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