Colonial Despatches
The colonial despatches of Vancouver Island and British Columbia 1846-1871
Public Offices document
Sargeaunt, William Charles to Elliot, Thomas Frederick 1 June 1863, CO 305:21, no. 5425, 65.
Abstract
Public Offices document.
Minutes (2), Other documents (2).
Sargeaunt to Elliot (Assistant Under-Secretary)
Adverting to your Letter of the 18 Dec last on the subject of [the]
Vancouver Island Loan of £40,000 and to Clause XIII of the Loan Act
of 1862, I have the honor to request that you will move the Duke of
Newcastle to determine the nature of the securities in which the sums
paid on account of the Sinking Fund are to be invested and to select
the Trustees for the same.
I would suggest that the Governor of Vancouver Island, to meet the
requirements of Clause XIII of the Act before referred to should be
instructedto
to remit punctually to the Agents General the Sum of £2000
in time for the payment of the half years interest and Sinking Fund
due on the 15 July and 15 January in each year.
to remit punctually to the Agents General the Sum of £2000
in time for the payment of the half years interest and Sinking Fund
due on the 15 July and 15 January in each year.
Minutes by CO staff
Mr Elliot
In a minute on 5424 I have suggested that one of the Agents General & the Chief Clerk for this Office should be the Trustees for the B. Columbia Sinking fund. And I think that they wd also be suitable nominees in this case.
In a minute on 5424 I have suggested that one of the Agents General & the Chief Clerk for this Office should be the Trustees for the B. Columbia Sinking fund. And I think that they wd also be suitable nominees in this case.
Instruct the Governor to remit the sums required for the 1/2 yearly
payment of the interest and sinking fund.
ABd
3 June
Upon this letter I should follow exactly the same course as minuted
upon 5424 B. Columbia so faras
as regards investment, Trustees, and
punctual remittance of interest and sinking fund.
as regards investment, Trustees, and
punctual remittance of interest and sinking fund.
With regard to the debt due to the Agents from Vancouver Island, I
should refer the Governor to instructions for which I have submitted
a minute on the Agents 5070, telling him that the same would be
discharged out of the proceeds of the loan raised in England.
Other documents included in the file
Elliot to G.A. Hamilton, Treasury, 13 June 1863, asking for an
opinion on the financial arrangements of the colony relative to the
sinking fund.