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- 7 - wore paid 36,500 for the company, their enjoynfent of increased land values had been costly, "When the ferries were turned over to the municipality as a functioning concern, the deficit assumed by the first partner was 311,500, The municipality ran the ferries as a Joint stock company until 1916, when they became a Municipal Service Department. The relationship between the ferry system and real estate activity in the years from 1909 to the outbreak of the First World War was intimate and the population of the district increased two-hundred percent within two years of the establishment of the system. Land values rose most quickly in the area adjacent to the ferry terminal at Hollybum (oeventeenth Street) because of accessibility. That land prices were related to the proximity of the ferry terminal was illustrated when the main terminal was shifted from Hollybum to Ambleside (Fourteenth Street.) The owner of district 237, which was adjacent to Ambleside saw the value of his property increase by about-350,000. I "After the time of the takeover the wharf was at 17th, later it was changed to 14th Street with the excuse it was a safer place, but this was not the real reason." lo The building of wharves was a principle form of political patronage - and the construction of the wharf at Dunderave in 1914 was the result of manoeuvring by local residents who hoped to enjoy increased land values. As it evolved there was fraud Involved in the contracting and the wharf was built too short. Service was discontinued within two weeks and a feeder bus system was installed linking Dunderave with' the Hollybum terminal. 17 Municipality of Vest Vancouver Minute Book, April 8, 1912. 18 Diary of W.C. Thompson, 19CO-1935. Vancouver Archives, p.44. • . • .6, fS0