No. 91
13th May 1869
My Lord,
I have the honor to forward an authenticated and two plain copies of a Bill passed during the recent Session of the Legislative Council, which I have reserved for YourLordship'sManuscript image Lordship's instructions. It is entitled: An Ordinance to encourage the Establishment of Investment and Loan Societies.
2. In face of the objections entertained by the Attorney General, whose report I enclose, I did not feel at liberty to assent to the Bill. But there is considerable feeling in favor of it, as will be seenbyManuscript image by the petition I have the honor to forward.
3. My own opinion is slightly in favor of the measure being allowed to become law.
I have the honor to be
My Lord,
Your Lordship's most obedient
humble Servant,
Frederick Seymour
Minutes by CO staff
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CC 5/7
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Bill for incorporating Loan & Investment Societies.
The Attorney General enters a strong protest against the Bill, but a considerable part of that protest is directed against the provisions of the Bill as first introduced before the Council.
In favor of the measure is a protest signed—as Mr Birch tells me—by the most influential & respectable merchants. The Govr is slightly in favor of the measure.
Without going so far as to say that the Bill is free from all objections, I should be disposed to instruct the Govr that he may assent to it. It is in a great measure based upon the Act of Upper Canada, as will be seen by the references to that Act in the margin of the copy of the Bill. That Act applies, however, to Building Societies only.
I think the Colonists—and especially the Merchants—may be trusted in a measure of this kind.
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Should not the Govr be instructed to send over the Minutes of the Leg: Council, or at all events to give the S. of State some informationManuscript image as to the proceedings when a Bill was under discussion before the Council in every case where such Bill is not assented to by him.
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It is desirable to know whether the principle of the Bill was fought or only the details.
HTH 5.7.69
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State that it is probable that the Bill will require amendment, but having passed the L.C. Lord G sees no such objection to its provisions as would require the Govr to withold his assent to it.
Then give the above instrns as to forwarding copies of minutes of L.C.
WM 10/7
G 14/7
Documents enclosed with the main document (not transcribed)
Three printed copies of ordinance not on microfilm.
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H.P.P. Crease, Attorney General, to Seymour, 6 May 1869, reporting very negatively on the ordinance as per despatch (21 pages).
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Petition to Seymour in favour of ordinance, with explanation and enclosures, approximately 75 signatures.
Other documents included in the file
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Draft reply, Granville to Officer Administering the Government, No. 71, 17 July 1869.