I have the honour to acknowledge the receipt of 
Mr Elliot's
               letter, dated Downing Street, 
4th April, stating that you would be
               happy to receive 
Sir George Simpson's report on the extension of the
               Reciprocity Treaty with the United States to 
Vancouver's Island; and
               further, that you wish to be informed on what grounds the Directors of
               the Hudson's Bay Company require to have the right of Coast and River
               Fishery on the North West Coast of America reserved to them.
               
               With reference to the second point, I beg to inform you that the
               Directors of the Hudson's Bay Company have no wish to have any right as
               against British subjects reserved to them, to which they are not
               entitled by their License of Trade, 
but
but as their servants are the only
               white people inhabiting those Coasts, I inadvertently made use of the
               expression "reserved to the Hudson's Bay Company" instead of "to British
               subjects."