Not surprisingly, uncertainty begets hedging, in big ways and small.
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I'm now hedging in a way that is almost comical.
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"There is a huge amount of hedging in Google's statement," he said.
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Liberals excoriated him for hedging in response to Ed Gillespie's anti-immigrant attacks.
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Regulators had begun allowing other forms of credit risk hedging in recent months.
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Unipec lost 4.65 billion yuan on crude oil hedging in the fourth quarter.
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With effective FX hedging in place, business diversification is viewed positively by Fitch.
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So we have a significant degree of hedging in terms of our trade finance business.
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The market sources declined to say which oil companies were actively hedging in recent weeks.
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There now seems to be more of an appetite to put some hedging in for 2017.
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They will chose to forego hedging in the face of increased volatility (costs) thereby increasing their risks.
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But look more closely—at the subtle hedging in their language, at the protective coats of phrasing.
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BRF also lost about 50 million reais on corn hedging in Chicago as local and international prices diverged.
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Continental, which operates in North Dakota and Oklahoma, famously stopped hedging in late 2014, expecting oil prices to rebound.
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The mining industry returned to net hedging in 2014 for only the second time in 15 years as prices fell.
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Asset management fees and client hedging in commodities, particularly gold, helped offset a drop in more traditional investment banking income.
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Russian banks do not have lot of floating-rate liabilities and interest rate risk hedging in Russia is underdeveloped and expensive.
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Still, a changing trade environment with China as a major participant is spurring hedging in a market plagued by price swings.
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McCain then accused Democrats of hedging in their criticism of Omar, whom she accused of taking her party to an extreme position.
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If you buy shares, you buy an option to sell at a minimum price; you're hedging in case the share you purchased tanks.
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They were among the few to increase hedging in the fourth quarter, according to a Reuters analysis of filings from the largest shale firms.
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The airline has said it would resume aviation fuel hedging in the second half of this year after price volatility drove up its costs.
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Daniel Deming, money manager with KKM Financial, said he does not see any unusually high volume of hedging in VIX options around next week's debate.
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Aeroflot (AFLT) has been buying its fuel at spot prices, after poor hedging in 203 when it reported a hedging loss of 23.75 billion rubles.
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The changes come days after Reuters reported that Euronext had started working on developing a futures contract that would allow price hedging in Black Sea markets.
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But it will consider investing in foreign debt without currency-hedging in the second half as the risk of a strong yen is seen receding, he said.
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Many market players believe that is one of the reasons that, unlike most other Japanese institutional investors, GPIF had hardly done any currency hedging in the past.
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The monthly Bank of America Merrill Lynch global fund manager survey showed above-average fund cash levels and the highest incidence of downside hedging in 14 months.
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According to a Reuters analysis of hedging disclosures by the 30 largest U.S. shale firms, most rushed back into hedging in the three months to Sept. 30.
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The change would allow banks to more freely engage in hedging, in which they execute trades in an effort to counteract risk in other parts of their businesses.
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Nuclear scholars call this "insurance hedging," in which a protectee comes to doubt its protector and responds by taking steps toward, but not actually completing, its own nuclear program.
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The lack of a spike was a good opportunity, and traders were "trying to take advantage of that, and get a little hedging in while they still could," said Khouw.
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Some traditional steelmakers, notably in Europe, are already hedging in some of the derivative products due to price volatility, according to Jarek Mlodziejewski, ferrous derivatives analyst at The Steel Index.
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Stock investors are hedging in a big way against something scary coming at them this time next year and it could be related to the outcome of the presidential election.
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Some companies, mainly exporters, have even started to reduce hedging now that the storm seems to have passed, said Mauricio Auger, who handles corporate hedging in Santander Brasil's treasury department.
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Swings in the price of raw materials such as aluminum, grains and sugar have led the company to increase hedging in recent quarters and continued to wreak havoc on unit costs.
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Australia-based operators accounted for half of gross hedging in the first quarter, with the majority coming from Newcrest, followed by a fourth tranche undertaken by Russia's Polyus Gold, the report showed.
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The firm also increased foreign bonds without currency hedging in the previous six months and is likely to do so again in the current half year based on current market conditions, he said.
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In contrast, the Japanese insurer, wary of global political risks, reduced its holdings of foreign bonds without such hedging in the last financial half-year, said Yasuyuki Watanabe, deputy general manager of investment planning.
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TOKYO, Oct 24 (Reuters) - Nippon Life Insurance Co plans to increase its holdings of foreign bonds without currency hedging while reducing those with currency hedging in the six months to March, senior company officials said.
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It plans to discuss systematic flows and liquidity dynamics in equities, to what extent is high-frequency trading to blame for drops in market depth and convexity hedging in interest rate markets, the invitation shows.
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"I'm convinced China's strategy on the trade war is it will continue to purchase crude from Iran in yuan, hedging (in) Shanghai," Innes said, eliminating the currency risk of buying oil in the U.S. dollar.
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TOKYO, Oct 23 (Reuters) - Sumitomo Life Insurance plans to increase its holdings of stocks and foreign bonds without currency hedging in the current financial half year to March, a top investment planning official said on Wednesday.
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The carrier, which is 7.8 percent owned by Air France KLM , suspended fuel hedging in 2016 after contract losses sent it deeper into the red following a prolonged business slump and a jump in finance costs.
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That hedging in the currency markets was also evident in the sterling derivative markets, with deep out of the money puts, a form of insurance protection to protect against the likelihood of sterling crashing sharply, seeing some demand.
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Oil producers are "saying 'we're comfortable with our hedging in the front; we have appropriate hedges in place but what's going to happen next,'" said Owain Johnson, managing director of energy research and product development at CME Group.
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Between the lines: Amy Myers Jaffe of the Council on Foreign Relations said the discussion could signal that the Saudis and Russians are hedging in case global oil demand peaks sooner than they have publicly acknowledged is likely.
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"In some cases we will seek and have sought and are seeking to divest ourselves of these positions and in other cases we will use hedging in order to justify an investment in production," Mackenzie said, without being specific.
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GENEVA, April 8 (Reuters) - Euronext is working on developing Black Sea wheat futures to meet demand for price hedging in one of the world's largest production and exporting zones for the grain, the head of commodities at the exchange said on Friday.
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"What we are left with is some hedging in the middle of the curve, rather than the back, and the surviving banks, much reduced in scale, now holding the off-setting short positions," Paul Horsnell, head of commodities research at Standard and Chartered said.
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"Most of the selling seen over this period has been largely technical (trend-following strategies and option hedging in illiquid market environment), and as such represents a buying opportunity for fundamental investors," U.S. equity strategist Dubravko Lakos-Bujas wrote in a note to clients Tuesday.
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TOKYO, Oct 13 (Reuters) - Fukoku Mutual Life Insurance will continue to invest in foreign bonds without currency hedging in the second half of the current fiscal year due to rising dollar hedging costs, a senior company official said, just as it did in the first half.
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Some analysts believe Duterte's uncharacteristic verbal restraint toward China, in contrast to his stinging rebukes of the United States, United Nations and European Union, shows he is hedging in pursuit of his goal of an independent foreign policy and reducing reliance on former colonial ruler Washington.
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Democratic leaders, while stressing that they see Barr as a partisan who does not have the final word on the Russia saga, are still downplaying talk of impeachment, apparently hedging in case the Mueller report is not as damaging to Trump as many liberals had hoped.
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"At the moment, ShFE copper options can be best seen as alternative to onshore market participants with restricted or no access to LME copper options," said Rochelle Wei, CEO of J.P. Morgan Futures Co. Hedging in China rather than overseas may also better reflect the domestic market for local players, said Qiu Guoyang, assistant general manager at Shenzhen-based brokerage Jinrui Futures.
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Only if BlackIsGreen chooses to perform delta-hedging as strategy, actual financial instruments come into play for hedging (in the usual, stricter meaning).
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Fuel price risk management, a specialization of both financial risk management and oil price analysis and similar to conventional risk management practice, is a continual cyclic process that includes risk assessment, risk decision making and the implementation of risk controls. It focuses primarily on when and how an organization can best hedge against exposure to fuel price volatility. It is generally referred to as "bunker hedging" in marine and shipping contexts and "fuel hedging" in aviation and trucking contexts.
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While bet hedging in fungi is important, not much is known about the mechanisms for the different strategies employed by different species. Researchers have studied S. cerevisiae to determine the mechanism of bet hedging in this species. It was determined that in S. cerevisiae, variation exists in the distribution of growth rates among yeast micro-colonies and that slow growth is a predictor of resistance to heat. Tsl1 is one gene that was determined as a factor in this resistance.
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Bouchouev argued that traditionally there was always more producer hedging than consumer hedging in oil markets. The oil market now attracts investor money which currently far exceeds the gap between producer and consumer. Contango used to be the 'normal' for the oil market. Since c.
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Another relevant cause of volatility risk in volumes and (or) prices of commodities is the financial investment in options or future contracts related to a commodity, which is achieved with the purpose of speculating, rather than hedging in order to reduce the risk of adverse price movements in assets.
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Cash flow matching is a process of hedging in which a company or other entity matches its cash outflows (i.e., financial obligations) with its cash inflows over a given time horizon. It is a subset of immunization strategies in finance. Cash flow matching is of particular importance to defined benefit pension plans.
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The estate covers about 678 acres in total. The gardens of the old Manor are well-landscaped, and consist of lime, oak and silver birch trees and a circular pond and box hedging. In the northern end are numerous greenhouses and outbuildings. At the end of the driveway is Manor Lodge, a small two-bedroom brick lodge with a slated roof.
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Plants provide simple examples for studying bet hedging in wildlife, allowing for field studies but without as many confounding factors as animals. Studying closely related plant species can help us understand more about the circumstances under which bet hedging evolves. The classic example of bet hedging, delayed seed germination, has been extensively studied in desert annuals. One four-year field study found that populations in historically worse (drier) environments had lower germination rates.
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Alongside is a picnic area made out of wood carved by local artists, encircled by willow hedging. In the entrance is a stone with a hole facing toward Holy Island. The island can only be viewed by the most penitent by kneeling on a stone in order to view the through the hole. To the rear of the maze is a labyrinth consisting of the lawn being cut at different heights, flower beds and hornbeam hedging.
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A beehive well sunk into the lawn north of the house remains but has been rendered on its top. North-west of the house a trumpet creeper (Pandorea ricasoliana) grows near a gate leading to home paddocks and outbuildings. West of the house a belt of mature plantings comprise mainly Monterey pines (Pinus radiata), some Canary Island date palms (Phoenix canariensis), Brazilian pepper trees (Schinus molle var areira) and African boxthorn, possibly used as hedging in the past (Lycium ferocissimum).
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One study of twenty weed species showed that the percentage of viable seeds after 5 years increased with soil depth, and germination rates decreased with soil depth (although specific numbers varied between species). This indicates that weeds will engage in bet hedging at higher rates in circumstances where the costs of bet hedging are lower. Collectively, these findings do provide evidence for bet hedging in plants, but also show the importance of competition and phenotypic plasticity that simple bet hedging models often ignore.
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Section 955 of Dodd–Frank deals with employees' and directors' hedging practices. These provisions stipulate that the SEC must implement rules requiring public companies to disclose in proxy statements whether or not employees and directors of the company are permitted to hold a short position on any equity shares of the company. This applies to both employees and directors who are compensated with company stock as well as those who are simply owners of company stock. The SEC proposed rules regarding hedging in February 2015.
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It was named after the Reverend Andrew Murray Snr, who was minister of Graaff-Reinet, and Barend O J Burger, who played a role in the establishment of the town. An original condition for the purchase of any residential plot in Murraysburg was that the plot needed to be surrounded by a quince hedge. This unexplained rule meant that Murraysburg once had the largest quantity of quince hedging in the world. According to the 2011 census, Murraysburg has a population of 5,069 people in 1,255 households.
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Reputation risks also exist. The mis-selling of swaps, over-exposure of municipalities to derivative contracts, and IBOR manipulation are examples of high-profile cases where trading interest rate swaps has led to a loss of reputation and fines by regulators. Hedging interest rate swaps can be complicated and relies on numerical processes of well designed risk models to suggest reliable benchmark trades that mitigate all market risks; although, see the discussion above re hedging in a multi-curve environment. The other, aforementioned risks must be hedged using other systematic processes.
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Experiments in bet hedging using prokaryotic model organisms provide some of the most simplified views of the evolution of bet hedging. As bet hedging involves a stochastic switching between phenotypes across generations, prokaryotes are able to display this phenomenon quite nicely due to their ability to reproduce quickly enough to track evolution in a single population over a short period of time. This rapid rate of reproduction has allowed for the study of bet hedging in labs through experimental evolution models. These models have been used to deduce the evolutionary origins of bet hedging.
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Typical LDI strategies involve hedging, in whole or in part, the fund's exposure to changes in interest rates and inflation. These risks can eat into a pension scheme's ability to keep their promises to members. Historically, bonds were used as a partial hedge for these interest rate risks but the recent growth in LDI has focused on using swaps and other derivatives. LDI 2.0, aiCIO Magazine, March 2011 Various approaches will pursue a "glide path" which over time seeks to reduce interest rate and other risks while achieving a return that matches or exceeds the growth in projected pension plan liabilities.
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In applied linguistics and pragmatics (sub-fields of linguistics), hedges allow speakers and writers to signal caution, or probability, versus full certainty. Hedges can also allow speakers and writers to introduce or eliminate ambiguity in meaning and typicality as a category member. Hedging in category membership is used in reference to the prototype theory, to signify the extent to which items are typical or atypical members of different categories. Hedges might be used in writing, to downplay a harsh critique or a generalization, or in speaking, to lessen the impact of an utterance due to politeness constraints between a speaker and addressee.
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In many cases, he did so to generate profits, a violation of his contract with Fairfield Greenwich. In May 2008, for instance, over $95 million of Sentry's earnings were the product of over-hedging. In June 2008, a financial consultant noticed that even with the market as a whole trending downward, Madoff was on the winning side of every trade. He didn't think this was possible even for a trader of Madoff's ability, and suggested that Fairfield Greenwich officials find out who was trading with Madoff and make sure he was actually holding the assets he claimed to hold.
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Bet hedging is characterized through individuals that minimize reproductive success of variance between years. Macrotera portalis practices bet hedging because only a certain portion of bees emerge in any given year, with many remaining in diapause. Although this leads to certain years of lower reproductive success, in years of low resources some offspring will survive and thus the advantages of lower variance may outweigh the disadvantages of reduced average fitness in diverse environments. Since M. portalis lives in a desert environment, in which conditions are extremely unpredictable (between year variation is greater than in any other biome), it is likely that this promotes bet hedging in the species.
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Also, in many cases, desserts have rainy seasons that provide opportunity for small seeds to germinate under conditions with ample external resources available. Due to the great importance that seeds germinate when water is available, seeds often sense the presence of water and use it as a cue to germinate. Also, many desert plants have evolved the ability to produce a fraction of their seeds to not germinate at the same time as the rest of the plant's seeds as a safe guard known as bet hedging in which if the majority of a plant's seeds germinate at one time and then die due to rain followed by drought, the potential for the plant to have successful offspring is not completely lost.
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In addition, DCE intends to increase its support to industries and develop corporate and institutional client group. As a Deputy to the 11th National People's Congress, Mr. Liu Xingqiang was calling on the government to allow the establishment of commodity futures funds in an attempt to draw more institutional investors balance into the country's burgeoning futures market. Currently Only 5 percent of investors in China's commodity futures markets are commodity producers and consumers, while the remaining 95 percent are private investors. Reuters- China exchange head says open futures trade to funds He also is encouraging the government to let companies use money they borrow from banks for hedging in the future market, though not to allow those funds for speculation.
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Hedge relationship describes the criteria for including the fair value of derivatives on balance sheet as part of an effort to regulate and normalize the use of hedging in corporate accounting. A hedge relationship can be conceptualized as a type of insurance contract for risk mitigation on an underlying asset and a set of tests and methods for valuation of this insurer/insuree contract in corporate accounting and reporting. In general, the use of hedges and financial derivatives to protect against risk should reflect a fair value assessment of the hedge and should not appear as items in corporate income. For companies operating outside of the financial services sector an effective hedge should protect against undue loss without being a major component of company income statements.
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Reflecting pool and former carriage house. alt= alt= The of gardens are structured as a series of formally enclosed spaces framed within brick walls and clipped hedges, which open one from another, providing long axial views, in which profuse naturalized plantings of hardy and annual plants contrast with lawns, brick and gravel paths, formal reflecting pools, framed in walls and clipped hedging in box, holly, laurel and yew (illustration, right) and punctuated by massive terracotta pots and many narrowly columnar Irish yews, originally grown on the estate from cuttings. Filoli is an outstanding example of the Anglo-American gardening style reintroducing Italian formality, that was pioneered at the end of the nineteenth century by Edwin Lutyens and Gertrude Jekyll in British gardens and exemplified in the U.S. by designs of Charles A. Platt and Beatrix Farrand.McDermott 1984.
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The Higher Hill (1944). By Grace MacLennan & Grant Campbell In 1820, the English geologist, John Jeremiah Bigsby, was invited to a dinner at St. Antoine, which he described at great length in his entertaining book, The Shoe and Canoe: I had the pleasure of dining with the then great Amphictyon of Montreal at his seat, on a high terrace under the mountain, looking southwards and laid out in pleasure-grounds in the English style. The view from the drawing room windows of this large and beautiful mansion is extremely fine, too rich and fair, I foolishly thought, to be out of my native England. Close beneath you are scattered elegant country retreats embowered in plantations, succeeded by a crowd of orchards of delicious apples, spreading far to the right and left, and hedging in the glittering churches, hotels, and house-roofs of Montreal, Quebec... Mr McGillivray was accustomed to entertain the successive governors in their progresses, and was well entitled to such honour, not only from his princely fortune, but from his popularity, honesty of purpose, and intimate acquaintance with the true interests of the colony... My host was then a widower with two well-educated daughters.
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