I am directed by the 
Earl of Malmesbury to request that
               
               you will suggest to Secretary 
Sir Edward Bulwer Lytton, with
               reference to your Letter of the 
12
                  Instant
               
               relative to the right of certain subjects of Great Britain to navigate
               the 
River Columbia, whether it might not be desirable, in the first
               instance, to request the 
Hudson's Bay Company to prepare a full Statement
               of the grounds on which they consider the claim to navigate the 
Columbia
                  River after the expiration of their
trading
 trading monopoly is to be maintained,
               and after the cession to the United States of their Possessory Rights, if
               an arrangement for such cession should be made.