Sargeaunt to Elliot (Assistant Under-Secretary)
Offices of the Crown Agents for the Colonies,
Spring Gardens, London, S.W.
8 March 1867
Referring to your letter of the 7th instant authorizing the Trustees of the British Columbia Sinking fund to invest the proceeds of £17679.2.5 Consols in the forthcoming issue of Ceylon Debentures, I have the honor to request that the Trustees of the Vancouver Island Sinking Fund may be furnished with a similar authority with regard to a sum of £5619.6.4 Consols now standing to their credit on that account.
The gain to the Colony on this reinvestment will be £120 per annum.
I have the honor to be,
Your most obedient servant,
W.C. Sargeaunt
Minutes by CO staff
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Mr Elliot
Proceed as in the analogous case of the B. Columbia Sinking Fund. See 2309 and C.O. ansr of the 7th instt.
ABd 9 March
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I think that this is right.
TFE 9 March
CBA 9/3
B&C 9/3
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TFE 9/3
Other documents included in the file
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Colonial Office to Sargeaunt, 11 March 1867, agreeing to his proposal.