No. 23

With reference to my despatch No. 1 of the 24th of January last
enclosing an Order of Her Majesty in Council leaving to their operation
certain Acts of the Legislature of Vancouver Island including "the
Vancouver Island Road and Harbour Loan Act 1862," I have the honor to
transmit to you the accompanying copy of a letter from the Agents
General for Crown Colonies and to instruct you to remit to them with the
utmost punctuality the funds provided for the payments of the half
yearly interest on the Loan and for a sinking fund.

With reference to the current account between the Colony and the
Agents General I take this opportunity of referring to you my despatch
No 24 of the 11th Instant.

I am in communication with the Board of Treasury as to the mode of
investing the sinking fund and the selection of trustees for that
purpose.