Page:Victoria, with a description of its principal cities, Melbourne and Geelong.djvu/227

 That the payment for the passages of the emigrants shall be in remission tickets receivable by the Colonial Treasurer in the purchase of waste lands at auction. The Company will look for its profits in the difference between the actual cost to them of an emigrant's passage, and the value of the number of acres received per head; the Government guaranteeing not to reduce the minimum upset price of land, pending the contract with the Company. The Company will either sell remission tickets at a slight discount, or purchase lands with a view to sell at a profit, or lease to the emigrants they may bring out, or to others. The Company will not be bound in any way as to the bargains they may make with intending emigrants; all the control that the Company would acknowledge would be the Passage Acts and other laws upon the subject, and, as before provided, the examination as to health and character by the colony's agent. Under such an arrangement, passengers might be called upon by the Company to contribute towards the expense of their passage,—whilst the whole of the more respectable emigrants—intermediate and even cabin passengers—would be brought out by the Company, because they would be able to deduct £20 or so per head from the passage money. It is considered that if a Company of this sort were got up in the colony, and in conjunction with parties at home, connected with the shipping interests, that whilst the colony might be benefited to an incalculable extent, and the affairs of every colonial shareholder improved, a very handsome profit might be realized. Such an arrangement as is here contemplated would be recommended to the attention of the Government, by their being saved all trouble, expense, and responsibility, except the employment of inspecting agents. It may be said that the Government should not sanction such an arrangement as would admit of a profit being realized by a Company, when, by proper management, that profit could be secured for the public treasury, but the privileges of the Company might be granted only on the