Colonial Despatches
The colonial despatches of Vancouver Island and British Columbia 1846-1871
Public Offices document
Ransom, Henry E. to Rogers, Baron Blachford Frederic 23 June 1868, CO 60:34, no. 6632, 264.
Abstract
Ransom, Henry E. to Rogers, Baron Blachford Frederic 23 June 1868, CO 60:34, no. 6632, 264.
Public Offices document.
Minutes (3), Enclosures (untranscribed) (3), Other documents (2).
Ransom to Rogers (Permanent Under-Secretary)
Bank of British Columbia
5, East India Avenue
Leadenhall Street, E.C.
London
23rd June 1868
5, East India Avenue
Leadenhall Street, E.C.
London
Sir,
Referring to my letters to you of 9th & 23rd April last, I
have the honor to enclose for the information of his Grace the
Secretary of State for the Colonies copy of further
correspondence between the Colonial Secretary of British
Columbia and the Manager of this Bank at Victoria, respecting
the overdrawn account of the Colonial Government with the Bank.
My letter to you of 23rd April last enclosed a copy of a letter
to our Manager at Victoria, dated 16th of that month, in which
I informed him, that the Court of Directors of this Bank,
relying on the assurance of the Colonial Government
"that the
most strenuous exertions will be made during the coming season
to reduce the liabilities of the Government to the Bank," were
willing to allow the rate of interest to continue at twelve per
cent per annum.
"that the
most strenuous exertions will be made during the coming season
to reduce the liabilities of the Government to the Bank," were
willing to allow the rate of interest to continue at twelve per
cent per annum.
As this was the point contended for by the Colonial Government,
it is hoped that its concession by the Directors will prove
satisfactory.
Minutes by CO staff
Sir F. Rogers
The Bank have agreed to the 12 per Cent.
The Bank have agreed to the 12 per Cent.
The Colonial Secretary in his letter of the 7th April
(last encl.) to the Manager of the Bank in the Colony says the
Governor has forwarded a copy of the Manager's letter (encl. 2)
to HM's Govt. It has not been so recd. Our latest dates
from Govr Seymour are 5th May—he also says "with a view to
this Govt being relieved from all
connexion with the Bank of B.
Columbia"—having reference I suppose to Govr Seymour's
application for an advance from the Imperial Treasury.
connexion with the Bank of B.
Columbia"—having reference I suppose to Govr Seymour's
application for an advance from the Imperial Treasury.
Ack. & thank?
CC
24 June
Yes. I shd be inclined to say that Gov. Seymour's threat
had produced its effect.
And I think that I shd inform the Govr that these letters
had been recd, but that the copy of the letter said in Mr Y's
letter of 7 April to have been forwarded to HMG had not been
received.
Documents enclosed with the main document (not transcribed)
W.A.G. Young, Colonial Secretary, to W.C. Ward, Manager, Bank of
British Columbia (Victoria), 9 March 1868, stating government's
disagreement with increased interest charges and refusal in
principle to pay them.
Young to Ward, 7 April 1868, advising that the governor had
written the home government "with a view to ... being relieved
from all connection with the Bank of British Columbia."
Other documents included in the file
Draft reply, Buckingham to Seymour, no number, no date, marked
"cancelled."
Minutes by CO staff
Other documents included in the file
*
Adderley to General Manager, Bank of British Columbia, 7 July
1868, acknowledging receipt of letter, with thanks.