With reference to
Mr Elliot's letter of the
13th Instant respecting
the investment of the Sinking Fund provided for in "the
Vancouver
Island Road & Harbor Loan Act
1862," I am desired by The Lords
Commissioners of Her Majesty's Treasury to acquaint you, for the
information of the
Duke of Newcastle, that Their Lordships are of
opinion that the sums to be provided as Sinking Fund under the 13
th
Section of the Act in question may be invested in the Consolidated £3
per Cent Annuities or in the New £3 per Cent Annuities, and They make
no objection to the Trustees
proposed
proposed to be selected by the Secretary
of State.