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Stirling peerage

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INTRODUCTION. 13
in virtue thereof by a precept from his majesty, directed forth
of his Chancery to the Sheriff of the County of Edinburgh,
his Lordship was infeft in the whole country, with all its
parts and pertinents, the Offices of his Majesty's hereditary
Lieutenant of Nova Scotia, 8cc. (New Brunswick and the
adjacent Islands included,) by sasine taken at the Castle of
Edinburgh, on the 8th day of the said month of July, in
terms of the powers, extent of territory, &c. contained in the
charters to his said ancestor.
" Being thus legally seised of the ancient inheritance of his
family, he is now desirous that the waste lands within his
said territories should be settled and appropriated in certain
locations or portions to persons inclined to treat for the same,
either for absolute purchase or lease for a term of years.
" With regard to the value of the lands, they may be
estimated at prices varying from 2s. to 2s. 6d. 3s. 6d. 5s.
7s. 6d. 10s. and in some cases as high as 20s. per acre ; being
regulated by the quality of the soil, and by the local advan-
tages tiiey possess.
" In this estimate it may be observed, that a district of
sixteen thousand acres of the most inferior land has been
calculated to be worth £2000 sterling; but in noticing this
particular quantity of land, it is because such proportion was,
upon the first institution of the Order of Knights Baronets of
Nova Scotia, assigned as a qualification for those parties on
whom that distinguished order might be conferred, being
intended for the promotion of the colonization of the country,
and which was to proceed npon the previous resignation of
Sir William Alexander, or his heirs, of so much land into the
hands of the Baronet intended to be created.
" Thus, while the value of sixteen thousand acres of inferior
land may be reckoned at £2000, there is a material advance
to be applied to that of a superior nature ; and a still farther
value to be computed, provided the quantum is to be viewed
with reference to the honour to which it gives qualification,
and which the ambition of the party migiit like to obtain.
" On this point, as on all the sub-grants of land made by Sir

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