No. 107

I have the honour to enclose for your information a copy of a letter just received from the Treasury on the subject of the Proclamation transmitted to me in your despatch No. 70 of the 15th of November, providing for the raising of any sum not exceeding £100,000 on the security of the Revenue of British Columbia. On this important subject I shall have to address you further, but I think it necessary not lose the present opportunity of directing you on no account to take any additional proceedings for borrowing money under this Proclamation until you shall receive further instruction.