both for the advantage of the emigrants
themselves, and the good of the colony to which they would emigrate.
They think this colonization, "on a very large scale," ought to be made
from Ireland to Canada, and that the State ought to lend its assistance
to promote it. 2. In the second place they lay it down as an essential
part of their scheme, that religious provision must be made for the
emigrants. 3. They think there would be great advantage in enlisting
private enterprise, in the form of agency, to carry out the plan. 4.
Furthermore, there must be a willingness on the part of the nation to
accept an income and property tax, for the purpose of defraying the cost
of emigration: and, 5. To help the emigrants to settle on the land,
"aids to location," as Mr. Godley called them, must be provided.

How was this vast scheme to be carried to a successful issue? A
joint-stock company, to be called "The Irish Canadian Company," was to
undertake the entire management of it. This Company was to be legalised
by Act of Parliament, and recognised by the Canadian Government. It was
to transmit to Canada and settle there a million and a half of the Irish
people in three years, being at the rate of half a million a year. To do
this, L9,000,000 was to be lent by the Government, at the rate of
L3,000,000 each year, on the security of Irish property and an Irish
income tax. This tax was to be one per cent. the first year, two per
cent. the second year, three per cent. the third year, and to stand at
three per cent. until the first instalment of the loan could be paid,
and was, of course, to cease altogether when the last instalment was
paid. Repayment was to be made at the rate of six and a half per cent.,
per annum, which would extinguish principal and interest in twenty two
years.

The L9,000,000 so lent and to be so repaid, was to be expended in this
manner: The passage money of each individual was computed at L3; of this
the Government was to advance one pound, the emigrants themselves
finding the other two in some way--to be given by friends--saved from
wages--obtained from their landlords--however the L2 was to be
found,--that sum was to be provided by the emigrant. One pound to each
of one million and a-half of emigrants would absorb L1,500,000 of the
L9,000,000. The joint-stock company that was to work the concern must,
of course, have profits, and be paid for its labours; it was, therefore,
to have a bonus of L5, or a sum of ab