No. 131

With reference to my Despatch No. 123 of the 13th of May I
have the honor to transmit to you for your information and guidance a
copy of a letter which has this day been received from the Board of Treasury
relative to the mode of adjusting the financial questions
between Her Majesty's Government and the Colony of British Columbia, and
to your proposal for raising a loan with a view to the improvement of
the Colony.

You will now be at liberty to provide for the negociation of such a
loan to the extent of £50,000
in the manner pointed out by the Board of Treasury, and I have to instruct you to use
your utmost endeavors to effect the repayment of the various sums due to the Imperial Treasury
within the specified time.