Churchill to Cardwell

I have the honor to call your attention to my letter of
the 15th Ulto. respecting the Bute Inlet Road British Columbia, and to inform you that it is absolutely necessary
certain arrangements connected therewith should be made by
me in England before my return, which I am desirous should
be as early as possible. The several memorials sent in on
this matter will show you how desirous the Colonists are that
this important undertaking should be completed without delay,
as until the country is opened out by good roads, and capital
invested in it, no material progress can be expected, either
in population mines or agriculture.

British Columbia stands in a most unfavorable position
in the money market, as instanced by the last loan for
£100,000 which was advertised by the Crown Agents for about
six months, shewing that unless great inducements are offered
Capitalists will not invest their money in the Country, and I
am advised by Gentlemen of large financial connections in the
City that unless some such arrangement as proposed in my
letter is carried out, it is useless to bring any British
Columbian project forward.

I trust you will see the importance of this undertaking,
and kindly grant all the support in your power, as in the
case of the Vancouver Island Graving Dock Co (of which I
am Manager) where the Lords Commissioners of the Admiralty
have granted valuable concessions and a loan to the maximum
amount allowed by their Act.