With reference to your letter of the
27 ultimo,
on the subject of the investment of the Sinking Fund of
the
British Columbia Loan of £100,000, I am directed by
the
Lords Commissoners of Her Majesty's Treasury to acquaint
you, for the information of
M Secretary Cardwell, that
Their Lordships see no objection to the course proposed by
the
Crown Agents for the Colonies for the investment of the
Sinking Fund of this Loan, viz to leave it to the
Trustees of the Sinking Fund to select half-yearly such one
or more of the Securities mentioned
in in
M Julyan's letter
of the
20 of November, as shall appear to them at
the time being the most desirable to purchase, having regard
to the Price and the prospects of the several Colonies named.