No. 79
2nd July 1867
My Lord Duke,
I have the honor to forward an Authenticated and two plain Copies of an Ordinance of the late Session of the Legislative Council entitled; No. 8. An Ordinance todeclareManuscript image declare the Laws relating to interest. I add the Report of the Attorney General, and beg to submit the measure for favorable consideration.
I have the honor to be,
My Lord Duke,
Your most obedient
humble Servant
Frederick Seymour
Minutes by CO staff
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CC 31 Aug
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Mr Elliot
Ordinance to declare rate of Interest.
This Ordinance re-enacts with one Alteration, & extends to the whole Colony, a former Ordinance of 1864. By the former Ordinance the limit of 1 per cent per month was fixed—by the present Ordinance the Jury or Court may, upon proof being given, allow such Interest as appears just & reasonable at a higher rate than 1 per Cent per month. If no proof is given, the maximum rate at which interest can be awarded isManuscript image 1 per Cent per month as by the former Act. There seems to be so many different rates of interest along the Coast that this alteration is reasonable.
HTH 2/9
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TFE 2/9
CBA 3/9
B&C 4/9
Documents enclosed with the main document (not transcribed)
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H.P.P. Crease, Attorney General, to Seymour, 7 May 1867, reporting on the ordinance as per despatch.
Other documents included in the file
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Draft reply, Buckingham to Seymour, No. 60, 13 September 1867 conveying “Her Majesty’s … confirmation and allowance of the British Columbia Ordinance … entitled ‘An Ordinance to declare the laws Relating to Interest.’”