Colonial Despatches
The colonial despatches of Vancouver Island and British Columbia 1846-1871
Despatch from London
Grenville, Richard to Seymour, Governor Frederick 25 June 1868, NAC :, 203.
Abstract
Grenville, Richard to Seymour, Governor Frederick 25 June 1868, NAC :, 203.
Despatch from London.
Other documents (7).
No. 37
25 June 1868
Sir,
I have the honor to acknowledge the receipt of your Despatch No.
4 of the 3rd of February, suggesting that the Sinking fund of the
British Columbia Loans should be invested in the purchase of the
Debentures of the colony.
In reply I transmitto
to you, for your information, copies of a
correspondence which has passes on the subject between this
Department, the Board of Treasury and the Crown Agents from which
you will see that the Crown Agents have been given a discretionary
power for the investment, subject to the provisions of the Ordinance
No. 6 of 1866, of the Sinking fund of the British Columbia Loans in
the purchase of Debentures of British Columbia or of Ceylon, New
South Wales, Mauritius, Victoria, Cape of Good Hope or New Zealand.
to you, for your information, copies of a
correspondence which has passes on the subject between this
Department, the Board of Treasury and the Crown Agents from which
you will see that the Crown Agents have been given a discretionary
power for the investment, subject to the provisions of the Ordinance
No. 6 of 1866, of the Sinking fund of the British Columbia Loans in
the purchase of Debentures of British Columbia or of Ceylon, New
South Wales, Mauritius, Victoria, Cape of Good Hope or New Zealand.
Other documents included in the file
Copy, Rogers to the Secretary to Treasury, 16 April 1868, forwarding a copy of a letter "suggesting that the Sinking Fund of the British Columbia loans should be invested in the purchase of the securities of that Colony which are
now selling below par."
Copy, Booth to the Under Secretary of State CO, 27 April 1868, saying that "they would like the opinion of the Crown Agents with reference to a
correspondence that look place in 1865," regarding the Sinking Funds of British Columbia.
Copy, Rogers to the Crown Agents, 4 May 1868, stating that it was suggested in a letter that "the Sinking Fund of British Columbia Loans should be invested in the purchase of the securities of that Colony which are
now selling below par."
Copy, Sargeaunt to Rogers, 21 May 1868, stating that it was suggested in a letter that "the Sinking Fund of British Columbia Loans should be invested in the purchase of the Debentures of that Colony," and that
the Crown Agents have approved this.
Copy, Elliot to the Secretary to the Treasury, 29 May 1868, enclosing a copy of a letter from the Crown Agents "containing their observations
as to the investment of the Sinking Fund of British Columbia Loans in the purchase of Debentures."
Copy, Hamilton to the Under Secretary of State for the Colonies, stating that no objection will
given to the Crown Agents having the authority to decide the allocation of the Sinking
Funds of Britith Columbia Loans.
Copy, the Under Secretary of State Colonial Office to the Crown Agents for the Colonies,
25 June 1868, enclosing a letter saying "that they will not object to a discretionary power being
given" to the Crown Agents concerning the investment of the Sinking Fund of British Columbia Loans.