Final answer:
The statement in question is false as proprietors had various responsibilities beyond collecting profits, such as governing, promoting trade and settlement, and managing international and Indigenous relationships.
Step-by-step explanation:
The statement that in a proprietary colony, the Proprietors have no responsibilities except to collect the profits is false. Proprietors in these colonies had various obligations, which included governing the colony and overseeing its development. They were responsible for establishing a colonial government, promoting trade and settlement, and managing relations with Indigenous peoples. Furthermore, proprietors needed to ensure that the colony was operating within the laws and regulations set forth by the country that had granted them the territory.
Thus, the duties of proprietors were not limited to the collection of profits; they played a crucial role in the functioning and success of the proprietary colonies. These responsibilities required significant management and strategic planning and were critical to the colony's sustainability and growth.