Colonial Despatches
The colonial despatches of Vancouver Island and British Columbia 1846-1871
Public Offices document
Mackean, Thomas William Lockwood to Grenville, Richard 9 July 1867, CO 60:30, no. 6596, 317.
Abstract
Public Offices document.
Minutes (3).
On behalf of Gillespie and himself, Mackean requests an interview with Buckingham
on the subject of the overdrawn account of the Government of British Columbia with the Bankof British Columbia. Cox’s minute reflects on why the Bank of British Columbia wants an interview with Buckingham and discusses how to respond to the Bank of British Columbia’s requests regarding British Columbia’s debt.
MacKean to Buckingham
9th July 1867
Mr MacKean, Chairman of the Bank of British Columbia, presents
his compliments to the Duke of Buckingham and requests the favor of
an early interview with his Grace for himself and Mr Gillespie,
the Deputy Chairman of the Bank, on the subject of the overdrawn
account of the Government of British Columbia
with the Bank.
with the Bank.
[No signature]
Minutes by CO staff
Sir F. Rogers
An application from the British Columbia Bank for an interview with
the Duke of Buckingham on the subject of the state of their
British Columbia account.
An application from the British Columbia Bank for an interview with
the Duke of Buckingham on the subject of the state of their
British Columbia account.
What amount the Colony owes to the Bank is not known here,
nor do the Crown Agents know.
But as the Bank have in their course of business for
profit trusted the Colony, they must look
to the Colony & not
to the Home Govt for payment.
to the Colony & not
to the Home Govt for payment.
At the same time as B. Columbia is a Crown Colony & its
expenditure is under the control of the Home Govt it appears to
me hardly a satisfactory way of disposing of the matter simply telling
the Bank they must look to the Colony alone—& I think in such a
case
it might be justifiable on receiving an appeal from the Bank
to send it out to the Governor with an intimation that it is
one of the urgent duties of the local Govt to maintain their
credit as well with their Bankers as it with their Public Creditors.
it might be justifiable on receiving an appeal from the Bank
to send it out to the Governor with an intimation that it is
one of the urgent duties of the local Govt to maintain their
credit as well with their Bankers as it with their Public Creditors.
The amount the Colony is indebted in their account with the
Crown Agents is now about £12,000.
Mr Julyan thinks it possible that the Bank may have become
aware
that payments to the Sinking Fund have been stopped.
that payments to the Sinking Fund have been stopped.