No. 26
15th March 1870
My Lord,
On the 11th instant I had the honor to receive a Telegraphic message from Your Lordship as follows: Floating Debt consolidated. Wait for Despatch sent 26th February.
2. I shall of coursewaitManuscript image wait for that Despatch and be guided by any instructions it may contain; but, as there is now some prospect of obtaining a basis for negotiation with Canada for the Union of this Colony with the Dominion, I do not at present propose to deal with the floating Debt until it can be ascertained whether an agreement for Union is possible, and what financial arrangements can best be made under suchcircumstancesManuscript image circumstances.
3. I still intend to introduce the Bill to give authority to consolidate the debt; but not to use that authority unless it should appear clearly expedient to do so.
4. The appropriation Act for 1870 is passed and shall be forwarded to Your Lordship by the next Mail.
I have the honor to be,
My Lord,
Your most obedient
humble Servant
A. Musgrave
Minutes by CO staff
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Mr Herbert
I conclude under the circes that Mr Musgraves intentions in regard to the floating Debt as expressed in par 3 may be approved.
WR 13.4.70
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Reply that as he will have learned from the Desp of 25 Feb his proposals for the consolidation of the Floating Debt are not in accordance with the more complete scheme of Mr Julyan; & that if he has introduced the Bill to which he refers, he will probably see the desirability of amending it.
At once.
RGWH Ap 14/70
Other documents included in the file
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Draft reply, Herbert (for Granville) to Musgrave, No. 41, 16 April 1870.
Musgrave, Anthony to Leveson-Gower, Granville George 15 March 1870, CO 60:38, no. 3857, 256. The Colonial Despatches of Vancouver Island and British Columbia 1846-1871, Edition 2.2, ed. James Hendrickson and the Colonial Despatches project. Victoria, B.C.: University of Victoria.

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