Mr Fortescue
This crossed ours of
21 Feb. last which will have informed him that
the
right to dispose of these funds is in the Crown,
and not the
Assembly.
But now arises the very serious question, how to use those rights?
Whether to transfer them to the Assembly? & if so on what conditions?
You are aware that unless the HBCo. succeed in depriving us of
the site of the city of
Victoria, this revenue promises to be a very
considerable one indeed, relatively speaking to the size of the
island.
My inclination on the whole would be to transfer the property on the
following conditions.
Defraying all the civil establishment.
And
certain military expenses, to be fairly settled beforehand.
Provision that HM's vessels & military departments should have at all
times ensured to them a supply
of coal free of cost (or under advantageous terms to be settled
by the Governor).
Perhaps reservation of any discovery which may be made of gold
deposits? Though I do not see much use in this.
The Duke may wish for a report from the Land & Em Com
rs.
This will be an important step in the future progress & fortunes of
this Colony, and it is desirable to collect all our examples and
warnings from other Colonies. I should wish therefore to have a
report from L & E. Commrs.