Colonial Despatches
The colonial despatches of Vancouver Island and British Columbia 1846-1871
Public Offices document
Northcote, Stafford H. to Merivale, Herman 23 April 1859, CO 60:6, no. 4310, 131.
Abstract
Public Offices document.
Minutes (2), Other documents (1).
Northcote reports that a contentious clause in the Charter to the Bank of British
Columbia concerning the revocation of said charter has been
overratedand that use of this clause is
not likely to occur.
The minutes are pleased with this
satisfactory termination of the controversy.
Enclosed is a draft reply from the Colonial Office to Northcote, 20 April 1859, acknowledging receipt of letter.
Northcote to Merivale (Permanent Under-Secretary)
Treasury Chambers
23 April 1859
Sir,
With reference to your Letter of the 21st Ultimo
and to the previous correspondence which has passed on the
subject of the grant of a Charter to the Bank of British
Columbia, I am commanded by the Lords Commissioners of
Her Majesty's Treasury to acquaint you that My Lords find
on communicating with the Counsel of this
this Board that they had
overrated the importance of the clause which provided for
the notification to the Queen by Warrant of Their Lordships
of any breach of the Covenants of the Charter with a view to
it's revocation.
this Board that they had
overrated the importance of the clause which provided for
the notification to the Queen by Warrant of Their Lordships
of any breach of the Covenants of the Charter with a view to
it's revocation.
Mr Bellenden states that "the words are not
essential; that they had been introduced in some recent
Charters as it appears convenient that there should be some
responsible body on whose suggestion the Crown should act;
and the Commissoners of the Treasury were selected
selected seeing
that all the other matters relating to the Charter were
referred to the Treasury."
selected seeing
that all the other matters relating to the Charter were
referred to the Treasury."
Their Lordships are glad to find that, in acceding to
the proposal of Sir E. Bulwer Lytton for the omission of the
words in question the difficulties which they apprehended
are not likely to occur. At the same time, they wish it to
be understood that, in deferring to his wishes in the matter,
they do not abandon any of the powers which this Board may be
called upon to exercise selected
in case of any circumstances arising
to require the revocation of the Charter.
in case of any circumstances arising
to require the revocation of the Charter.
My Lords have forwarded the Draft as amended to the Board
of Trade and have recommended that Her Majesty be advised to
direct the issue of letters Patent under the Great Seal in
conformity therewith.
Minutes by CO staff
Mr Elliot
This is a satisfactory termination of the controversy.
This is a satisfactory termination of the controversy.
I annex a dft to express satisfaction to the Treasury.
Other documents included in the file
