The oldest island colony of Britain, situated at the mouth of the Gulf of St. Lawrence, North America; is about one-eighth larger than Ireland, and triangular in shape, the northern apex running close in to the coast of Labrador; inland the country is bleak, sparsely populated, and ill cultivated; lakes and rivers abound; the deeply indented coast provides excellent harbourage for the large fishing fleets that frequent it; minerals are found, including coal, iron, lead, and copper; agriculture and timber-felling are on the increase, but the fisheries—cod, salmon, herring, and seal—form the staple industry; the climate is more temperate than in Canada, although, subject to fogs; St. Johns is the capital; discovered in 1497 by John Cabot, seized by the English in 1583, and finally ceded to Britain by the French (who retained certain fishing rights) in 1713; Newfoundland possesses a responsible government, consisting of a popularly elected Assembly and a Crown-appointed Governor, and exercises political rights over the adjoining coast territory of Labrador.