Childers to Rogers (Permanent Under-Secretary)

With reference to your letter of the 27th ultimo,
on the subject of the investment of the Sinking Fund of
the British Columbia Loan of £100,000, I am directed by
the Lords Commissoners of Her Majesty's Treasury to acquaint
you, for the information of Mr Secretary Cardwell, that
Their Lordships see no objection to the course proposed by
the Crown Agents for the Colonies for the investment of the
Sinking Fund of this Loan, vizt to leave it to the
Trustees of the Sinking Fund to select half-yearly such one
or more of the Securities mentioned in Mr Julyan's letter
of the 20th of November, as shall appear to them at
the time being the most desirable to purchase, having regard
to the Price and the prospects of the several Colonies named.