''The New Brunswick and Nova Scotia Land Company'' was one of several organizations which were established in Canada in the nineteenth century as a means of transferring land held by the Crown to individual owners. This company was chartered in New Brunswick in 1831.
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History
Several large land companies were established in the mid-nineteenth century in Canada. The Canada Company
The Canada Company was a private British land development company that was established to aid in the colonization of a large part of Upper Canada. It was incorporated by royal charter on August 19, 1826, under the ( 6 Geo. 4. c. 75) of the B ...
was founded in Ontario in 1824 (received its charter in 1826). The New Brunswick and Nova Scotial Land Company was created in New Brunswick
New Brunswick is a Provinces and Territories of Canada, province of Canada, bordering Quebec to the north, Nova Scotia to the east, the Gulf of Saint Lawrence to the northeast, the Bay of Fundy to the southeast, and the U.S. state of Maine to ...
in 1831, and received its charter in 1834. The British American Land Company was established in Quebec
Quebec is Canada's List of Canadian provinces and territories by area, largest province by area. Located in Central Canada, the province shares borders with the provinces of Ontario to the west, Newfoundland and Labrador to the northeast, ...
in 1832, and received its charter in 1834.[Browde, Anatole ''Settling the Canadian Colonies: A Comparison of Two Nineteenth-Century Land Companies'', Business History Review 76 (Summer 2002). pp. 299-335 (cited in ''Elliott'')]
These companies, financed by shares sold in England, purchased large areas of Canadian land at low prices, promising to develop roads, mills and towns.
Over the years, the Company tried various schemes to entice settlers from various English counties. One of these promised lots of , and with five acres already cleared and a log house to boot. The lease was for 50 years at a rent of one shilling
The shilling is a historical coin, and the name of a unit of modern currency, currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 1 ...
per acre, with an option to purchase the freehold in 20 years' time. The company also promised employment on road works, provisions at moderate prices, and medical assistance, and offered to advance the cost of transit as a loan.[
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References
*''Report of the Directors of the New Brunswick and Nova Scotia Land Company'' (London: Arthur Taylor, 1832), Canadian Institute for Historic Microreproductions (CIHM) fiche N.63916, pp. 8, 11 (cited in ''Elliott'')
*Little, J.I. ''Feast or Famine: The British American Land Company and the Colonization of the St Francis Tract'' (section of ''Nationalism, Capitalism, and Colonization in Nineteenth-Century Quebec: The Upper St Francis District''), Kingston & Montreal: McGill-Queen's University Press, 1989, pp. 36–63 (cited in ''Elliott'')
Economic history of Canada
Defunct companies of New Brunswick
Defunct companies of Nova Scotia
Former Canadian federal departments and agencies
Companies established in 1831
1831 establishments in New Brunswick
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