Sargeaunt to Elliot (Assistant Under-Secretary)

Adverting to your Letter of the 13 November last on the
subject of the British Columbia Loan of £50,000 and to clause
XIII of the Loan Act of 1862, I have the honor to request that
you will move the Duke of Newcastle to determine the nature
of the securities in which the Sums paid on account of the
Sinking Fund are to be invested and to select the Trustees for the same.

I would suggest that the Governor of British Columbia, to
meet the requirement of clause XII[I] of the Act before referred
to, should be instructed to remit punctually to the Agents
General the sum of £3,750 in time for the payment of the Half Years
interest and Sinking Fund due on the 1 July and 1 January in each year.

At the present date the Colony of British Columbia is in
debt to the Agents General to the Amount of £1080.