No. 37, Financial
15 June 1863
Adverting to my despatch No 30 of the 14th Ultimo and to Your Grace's despatch No 14 of the 12th March 1863 I have the honor to forward herewith a Statement shewing theapplicationManuscript image application to the purposes of roads of the proceeds of the £50,000 Loan of 1862.
2. With respect to the arrangements with the Contractors for the roads, under which the guarantee of the local Government was given for the sums advanced by the Bank of British Columbia, I beg to report that the sums so guaranteed are treated, as tosecurityManuscript image security, precisely as Government Cash Advances, all liability in respect thereof being charged on the Tolls, three fourths of which are received by the Government untill both principal and interest of all sums advanced be paid.
I have the honor to be
My Lord Duke,
your Grace's most obedient
humble Servant
James Douglas
Minutes by CO staff
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Mr Elliot
This statement is more for the infn & use of the Col: Off: than of the Treasury; to whom, however, it can be sent, if you think well.
ABd 10 August
Send Copies: we must keep a copy of the Statement here.
TFE 10/8
CF 11
N 13
Documents enclosed with the main document (not transcribed)
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"Statement of Expenditure made on Roads, Streets and Bridges during the year 1862," signed by W.A.G. Young, Acting Auditor, 10 June 1863.
Other documents included in the file
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Elliot to G.A. Hamilton, Treasury, 18 August 1863, forwarding copy of the despatch and enclosure for information.