With reference to your letter of the
27th ultimo,
on the subject of the investment of the Sinking Fund of
the
British Columbia Loan of £100,000, I am directed by
the Lords Commissioners of Her Majesty's Treasury to acquaint
you, for the information of
Mr Secretary Cardwell, that
Their Lordships see no objection to the course proposed by
the Crown Agents for the Colonies for the investment of the
Sinking Fund of this Loan, viz
t to leave it to the
Trustees of the Sinking Fund to select half-yearly such one
or more of the Securities mentioned
in in
Mr Julyan's letter
of the
20th of November, as shall appear to them at
the time being the most desirable to purchase, having regard
to the Price and the prospects of the several Colonies named.