No. 80

I have the honor to acknowledge the receipt of your despatch No.
112 of the 16th September enclosing the British Columbia Ordinance No.
32 of April 1867 "An Ordinance to give to Mortgagees certain powers now
commonly inserted in Mortgages."

I am of opinion that it would have been better if the 3rd Section
had provided that six months notice of sale should be given instead of
three months, and I think it would be desirable that a Clause should be
inserted to the effect that a mortgagee who purchases property under the
conditions imposed by the 5th, 6th and 7th Sections, should be deprived
of any further remedy under the covenant for the balance of the Mortgage
Money.

Under these circumstances I shall be prepared to submit the
Ordinance for Her Majesty's confirmation on your amending
it by the insertion of a Clause to the above effect.