I have to acknowledge your letter of
10 instant enclosing a
further letter from the
Hudsons Bay C on the subject of the amount
to which they are entitled on the resumption of
Vancouvers Island by
the Crown.
2. I do not see that I can add anything on this subject to what is
stated in my report of
18 March last. No new statements or
arguments are brought forward in the present letter from the Company,
and I continue to think that a payment
of from £30,000 to £32,000
would meet the justice of their claim. At the same time it would
appear to me very bad economy, irrespective of all questions of
policy, to incur the expense of legal proceedings for the sake of the
difference between that sum and the amount which the Company are
willing to accept—and if the Company are determined, I do not see
how, without legal proceedings, they can be compelled to retransfer
Vancouvers Island. But I presume that the
Duke of Newcastle will call on
M Andoe to report on the present letter from
the Company
before any conclusion is come to upon it.