After some little delay, the Legislature, with one adverse member only, granted the valuable privileges to the Company which were subsequently transferred to the Atlantic Telegraph Company. They constitute, in fact, a monopoly of telegraphic rights in Newfoundland, the value of which was enhanced afterwards by similar concessions from the state of Maine, Nova Scotia, Prince Edward’s Island; and liberal encouragement from Canada. There is much to be said against concessions, and monopolies, and patents, on abstract grounds; but it is quite clear that in certain circumstances men will not venture money and spend time, without the prospect of the ulterior advantages such protection is calculated to ensure. The Government has, however, informed Colonial and Provincial Legislatures that in future Her Majesty will be advised not to give her ratification to the creation of similar monopolies. By their chartered rights the new Company obtained the exclusive privilege for fifty years of landing cables on Newfoundland and Labrador, which embraces a coast extending southwardly to Prince Edward’s Island, Cape Breton, Nova Scotia, the State of Maine, and their respective dependencies; and westwardly to the very entrance of Hudson’s Straits. The Company also secured a grant of fifty square miles of land on the completion of Telegraph to Cape Breton; a similar concession of additional fifty square miles when the Cable shall have been laid between Ireland and Newfoundland; a guarantee of interest for twenty years at 5 per cent. on 50,000_l._; a grant of 5000_l._ in money towards building a road along the line of the Telegraph; and the remission of duties on the importation of all wires and materials for the use of the Company. The Company also obtained from the Legislature of Prince Edward’s Island, in May, 1854, the exclusive privilege for fifty years of landing cables on the coast; a free grant of one thousand acres of land; and a grant of 300_l._ currency per annum for ten years. From Canada the Company obtained an Act authorising the building of telegraph lines throughout the Provinces, accompanied by the remission of duties on all wires and materials imported for the use of the Company. Nova Scotia, in 1859, gave the Company a grant of exclusive privilege, for twenty-five years, of landing telegraphic cables from Europe on the shores of the Province. The State of Maine accorded the Company a grant of the exclusive privilege, for twenty-five years, of landing European telegraph cables on the seaboard.