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« 6 - aerrice they used charter craft to bring prospective buyers and supplies to their Waat Vancouver properties. W.C. Thompson remarked in hia diary: "There was no transportation of any kind so John (Lawson) and I decided we must have a regular ferry service, wo tried different schemes but we found that ve must own the boats, so as to control them." .* 14 The West Vancouver Transportation Company was incorporated on February 25» 1910 with a capital stock of 350,000 in 50,000 shares of one dollar 1 s each. Two other speculators John Sinclair and Robert McPherson joined Lawson and Thompson soon after incorporation and each took one quarter interest in the com3>any. * The creators of the feiry system clearly did not expect the service to by a paying proposition but they did expect their losses to be offset by the increased value of real estate due to easier assessibility. The company originally served Hollybiim, Skunk Cove (Caulfield,) the Great Northern Cannery and English Bay although the main terminals were at Eollybum and Columbia Street in Vancouver. The original ferry was the "Vest Vancouver Number One", with a capacity of thirty-five passengers but in 1911 the much larger "Sea Foam" was purchased. Shortly after the purchase of the "Sea Foam", service to English Bay was discontinued as passengers had to be landed in life boats. By 1912 the owners of the ferry service wars incurring heavy loaees 16 at a tima when real estate profits were beginning to drop. Upon the incorporation of West Vancouver as a municipality in 1912 one of the first acts of the new council was to buy out the struggling Tranaportation Company to ensure continuation of the vital link with Vancouver. Althou^ the owners 14 Diary of V.C. Thompson, 1900-1935. Vancouver Archives,, p.43* 15 Loc« clt 16 Losses of 5400 a month were being incurred according to V.C. Thompson. •«•