I have the honour to acknowledge the receipt of Your Grace's circular
               Despatch of the 
30 of April last, acquainting me that, on account
               of inconveniences lately experienced in an important Colony, Your
               Grace had laid down the rule

 there that no Public Servant employed in
               the receipt issue or custody of public monies ought to be concerned
               in the management of any Bank, Railroad or other Commerical
               undertaking; leaving however a discretionary power with the Governor
               to waive the prohibition in the case of other Government Officers who
               may be already engaged in the management of Commerical Enterprises so
               long as they shall retain their existing

 appointments, and Your Grace
               desires to be informed whether there is any objection to establishing
               the same rule in the Colony of 
Vancouver's Island.
               
               2. I have to observe with reference to the subject of Your Grace's
               Enquiry that I am not aware of any objection to the course which Your
               Grace proposes to take in this matter—on the contrary I conceive
               that the rule may be established with great advantage

 to the public
               interests and should be made applicable to every Public Officer in
               the Colony.