PRINCE EDWARD ISLAND. _M SUMMARY OF LORD EGMONT 's PROPOSALS. Tenure for the service—One Earl of the whole county; forty capital lords of forty hundreds; four hundred lords of manors; eight hundred freeholders; 800,000 acres. Tenure for burgage, for the establish¬ ment of trade and commerce in the most proper parts of the Island—One county town, 15.200 acres; forty market towns, 20,- OOO acres; four hundred villages, 46,000 acres; 75,600 acres. Tenure at large in common soccage— Left (at large) in common soccage, as a fund to enable the undertakers and for their encouragement to complete this plan, 1,124,- 800 acres; making a total of 2,000,000 acres. On the 23d February, 1764, the Lords of Trade reported, recommending that Lord Egmont 's prayer be not granted. He sent in a second memorial, to which no official answer was made, and in Febru- 1 ary he sent in a third memorial, which is un¬ dated, but must have been immediately after the unfavorable report by the Lords of Trade on his first memorial. In this he asks, on behalf "of himself and his nine children, and of a great number of land and sea offi¬ cers, whose names are inserted on the other side hereof, with many persons of distinc¬ tion, officers of rank in the navy and army, and others * * * to undertake the com¬ plete settlement of the Island of St. John's, in the gulf of St. Lawrence , in the province of Scotia * * * prays a grant in fee of the said Island, with its appurtenances, * * * the land of the said Island to be surveyed and divided by Your Majesty's sur¬ veyors, and to be parcelled out by him, the said Earl (for himself and his nine children), and the other intended adventurers, in such proportions and divisions, and upon such conditions, as have been already declared and agreed * * * To be held of Your Majes¬ ty in free and common soccage, and as part of Your Majesty's province of Scotia, on such terms of settlement and payment of quit rents, after ten years, to Your Majesty as Your Majesty shall think fair, provided the same be no more burthensome or take place sooner than as required by any grant already made in Your Majesty's province of Scotia." On 23d March, 1764, the Board of Trade report, pointing out objections to his Lordship's proposals, which were not ap¬ proved, and were rejected by order in council on 9th May, 1764. But the authorities in London, whether aroused by Egmont 's persistent applications, or for some other reason, the writer has no means of knowing, now took the case of the Island into their serious consideration. On 13th March, 1764, the Lords of Trade rec¬ ommended that the Island be forthwith sur¬ veyed, and divided into counties containing, so near as the natural and proper bounda¬ ries would permit, five hundred thousand acres each. The counties were to be laid off into parishes of about one hundred thousand acres each, and each parish was to be sub¬ divided into townships of twenty thousand acres each. Care was to be taken that each county, parish and township should be laid out so as to partake, as much as possible, of the natural advantages of the country, es¬ pecially those which arise from the sea coasts, and from the sides of the navigable rivers. In each county sufficient land for a town site was to be laid out, and in each parish a proper site for a church and a suffi¬ cient quantity of land for a glebe for a minister. It was recommended that, when the survey was made and returned to the governor of Nova Scotia , regular grants of such divisions and sub-divisions should be