Hamilton to Rogers (Permanent Under-Secretary)
Treasury Chambers
2 March 1863
With reference to Mr Elliott's letter of 27th Ultimo, I am commanded by the Lords Commissioners of Her Majesty's Treasury to acquaint you, for the information of the Duke of Newcastle, that My Lords consent to a Law being passed, similar to The British Columbia Loan Act of 1862, for raising a further sum of £50,000 by Loan upon the Security of the General Revenue of the Colony.
I am further commanded to state that it must be clearlyunderstoodManuscript image understood that Her Majesty's Government do not undertake any responsibility in respect of such Loan any more than in the case of the Loan authorized to be raised last year, and that there is no Imperial Guarantee for either the Interest or Principal of the Loan.
I am, at the same time, directed to request that the Governor's attention may be drawn to the remarks contained in the letter of this Board of 8th November 1862, on the subject of the Sale of Debentures, and that a Statement may be furnished bytheManuscript image the Governor of the application of the Loan of 1862, and of the arrangements with the Contractors for the Roads under which the local Government gave its Guarantee for the sum borrowed by them from the Bank of British Columbia.
I am
Your obedient Servant,
Geo. A. Hamilton
Minutes by CO staff
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Write to the Governor to the effect requested by this letter?
TFE 2 March
CF 3
N 4
Other documents included in the file
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Draft reply, Newcastle to Douglas, No. 14, 12 March 1863, discussing loans for road construction in British Columbia.
Minutes by CO staff
Mr Jadis' question on page 4 will require the Duke of Newcastle's attention. So far as I can judge, Mr Jadis will have expressed His Grace's intentions very well in the draft as it stands.
TFE 9 March
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Mr Blackwood
See the Duke's minute on 1623. I am not sure that His Grace intended a positive instruction to be sent out to suspend one of the levies.
Other documents included in the file
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Draft reply, Newcastle to Douglas, No. 17, 31 March 1863, ordering Douglas to leave the loan to the "Colonial Agents" and to repay the "value of the Specie."