No. 43
               
            
            
            
            
               I have the honor to acknowledge the receipt of your despatch
               No. 10 of 
10th June, informing me that 
Mr Charles Franks had
               been appointed Treasurer  of 
British Columbia, and forwarding
               fresh instructions as to the proper Auditing of the Public Accounts.
               
               2.  In obedience to these instructions I have to make the
               following Statements;
               
            
            
               1
st The Public Monies arising
from
 from the
               Colonial Revenues are daily handed over by the Treasurer to the
               Bank of 
British Columbia, formed under Royal Charter.  The current
               Public business is transacted through the Bank.
               
               2ndly The Treasurer will keep under his own immediate charge
               a sum not exceeding fifty pounds (£50) to meet the current expenses of
               his Department.
               
            
            
               3.  The Treasurer will furnish the Monthly Abstract of his cash
               receipts and payments in the manner prescribed.  I presume that copies
               of these Returns are to be transmitted to your Department.
               
            
            
               4.  In like manner a Return of the Government transactions with
the
               the Bank of 
British Columbia will be required from the Agent of the
               Bank in 
New Westminster.
               
               5.  All cheques drawn by the Treasurer on the Bank shall be
               countersigned by the Chief Clerk in his Department.
               
            
            
               6.  The Maximum sum for which the Treasurer's Draft, countersigned
               by his principal Assistant, will be honored has been fixed at five
               hundred pounds (£500).  Above that amount my own warrant will be
               required in addition.
               
            
            
               7.  The quarterly Returns shall be regularly transmitted together
               with my Certificate of their
correctness
 correctness.
               
               8.  An Application has been made to the bank to know what interest
               will be allowed on Deposits.  The Agent in this Colony has applied to
               his Superior Officer in 
Victoria for instructions.
               
               9.  Your despatch was received by the Colonial Secretary, in
               my absence, on the 12th of August.  It was handed over to me on the
               20th Ultimo.  The new arrangements came into operation on the
               7th Instant.
               
            
            
            
            
            
            
               Minutes by CO staff
               
                
                  
                  
                     Mr Elliot
                     It may be as well to send this Desp. to the Treasury for
                     information & any observations they may have to offer?
                     
 
                  
                  
                   
            
            
               Other documents included in the file
               
                
                  
                  
                     Elliot to 
G.A. Hamilton, Treasury, 
26 November 1864, forwarding
                     copy of the despatch for information.