Berens to Newcastle

I have the honour to acknowledge the receipt of Mr
Under-Secretary Elliot's letter of the 22nd ultimo, on the subject
of the Per Centage of 10 Per Cent reserved to this Company by the
Grant of Vancouvers Island, upon all sales that might be effected by
the Company and I beg to signify my entire concurrence that the
Company's right to that Per Centage should be considered at an end
from the time when by the payment of the agreed sum for this
Company's expenditure on the Island the Government became entitled to
a reconveyance of it.

I believe that sales have been made under the authority given by this
Company to Governor Douglas with the particulars of which we are not
acquainted but upon which if made before the payment to this Company
of their advances I presume the Per Centage will be payable.