By direction of The Governor I have the honor to forward
                     to you herewith the first of Exchange of Bills as per margin,
                     
                     
                     
                        
                           
                           Bill on H.M. Paymaster General, dated 16 April 1863—£1000
                           
                           Bill on Agents General for Crown Colonies dated 22 April 1863—£500.
                           
                           Total: £1500
                           
                      
                     
                     payable to your order, for the sum of Fifteen hundred pounds (£1500)
                     the same being a remittance on account of interest due on
                     
British Columbia Debentures on 
1 July proximo.
                     
                     2. The sum to be appropriated
half
 half yearly by way of a Sinking Fund will be duly set apart by the Treasurer, and
                     will
                     be remitted, or otherwise dealt with, so soon as advices are
                     received from the Secretary of State as to the action to be
                     taken under the XIII clause of the Act.
                     
                     P.S. His Excellency considers that 
Vancouver Island
                     Debentures would form a very desirable investment for the
                     first moneys set apart as a sinking fund.
                     
WY