Final answer:
Proprietors in a proprietary colony had responsibilities beyond just collecting profits, which included managing and administering the colony's affairs, making the statement false.
Step-by-step explanation:
The statement that proprietors in a proprietary colony have no responsibilities other than to collect profits is false. Proprietors of such colonies had the responsibility to manage the colony, which included overseeing the laws, the economy, and in some cases the defense of the colony. They were not just passive collectors of profit; they played an active role in governance and administration, much like shareholders in a corporation have a vested interest in the success of their investment beyond just dividend collection.