With reference to 
Mr Elliot's letter of the 
13th Instant on the subject of the 
British Columbia Loan of
               £50,000, I am desired by the Lords Commissioners of Her
               Majesty's Treasury to state, for the information of the
               
Duke of Newcastle, that They are of opinion that the sums
               to be annually set apart for the Sinking Fund of the Loan
               under the 
British Columbia Loan Act 
1862 may be invested
               in the Consolidated £3 per Cent Annuities or in the New
               £3 per Cent Annuities. And They see no objection to
               the Trustees whom

 His Grace proposes to select.