I am directed by the Lords of the Committee of Privy Council for
Trade, to request that you will inform Earl Grey that an application has
been made to this Board for Their Lordship's sanction to the
introduction of the Bill into Parliament for the Incorporation of a
Company entitled the "Vancouvers Island Sawing Mill & Agricultural
Company," which among other privileges will confer on the Shareholders
that of limited liability. —
Copies of the Application and accompanying Statement of the object
of the Company are enclosed for the consideration  of Lord Grey.
It will be perceived from this Statement that the Capital with
which the Company is to commence does not exceed £ 10,000 and this
circumstance, not less than the vagueness of the description of design
of the Company induces this Board to think that no case has been
substantiated for the grant of Exclusive privileges; but before they
determine to return an unfavorable reply to the Application, My Lords
wish to know whether Lord Grey has any observations to offer on the
subject.