HUDSON'S BAY PROGRF-SS.
It is certainly not surprising that the resolution for increasing the capital of the Hudson's Bay Company should have been carried at the recent meeting by an overwhelming majority. The further increase in capital expresses what, indeed, has been the outstanding policy of the Governor and Court over a considerable period, namely, the determination to make- ample preparation for the future developments of Canada. That determination is based upon -a faith in the country's future which is being abundantly justified by the growth already achieved in the country's prosperity, while even from the practical point of view of shareholders of the Hudson's Bay Company, the additional capital raised during the last few years has more than earned corresponding profits. The past year has been an unfavourable one in the fur season, but trading profits at the sale shops have been good, and there is satisfactory progress in the land sales. Emigration schemes are also quietly progressing.
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