The term "trust fund" first used by the Governor in his
desp
3205, & now by
the Treasury is obscure, but I have no doubt that it is
intended to refer to the money received, under the Authority of the
Grant of
V.C. Island to the H.B. C, for the purchase of Land, or
for Coals & minerals raised in
the Island, which, after a deduction of
10 per cent by way of profit to the Company, is to be applied towards
the colonization &c of
the Island.