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 
M Birch tells
                     me—by the most influential & respectable merchants. The 
Gov
                     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 Gov 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.
                     
                     
                     

                           Yes.
                           
                        
                      
                     
                      
                  
                  
                     Should not the 
Gov be instructed to send over the Minutes of
                     the Leg: Council, or at all events to give the S. of State some
                     information

 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.
                     
                     
                     

                           Yes.
                           
                        
                     
                     
                     It is desirable to know whether the
                     principle of the Bill was fought or only the details.
                     
 
                  
                  
                   
               
               
                  
                  
                     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 
Gov to withold his assent to it.
                     
 
                  
                  
                     Then give the above instr as to forwarding copies of minutes
                     of L.C.