I have to acknowledge your letter of
11th inst with copies of the
correspondence which has recently passed with the Hudsons Bay C
o on
the subject of the percentage paid to them on Sales of land in
VanCouvers Island.
2. As the Company acquiesce in the
Duke of Newcastle's view, that no
percentage will be due to the Company for Sales effected after the
payment to them of the
amount agreed on for the repurchase of the
Island, it only remains to forward instructions in accordance with
that arrangement to
Governor Douglas. I presume that His Grace will
agree with the Company that the percentage should be paid to them on
all sales effected before the payment of the repurchase money.