After providing for all the known liabilities of the
Government of
British Columbia there will remain in the hands
of the
Crown Agents for the Colonies, from the proceeds of the
Loan lately negotiated for that Colony, about £18,000, which
it is proposed to deal with in the same manner as was done,
under the authority of the Secretary of State, in the case
of the surplus funds of
Vancouver Island. Viz to place
it at seven days call, on deposit at interest with the
London
Joint Stock Bank.
The necessities of the Govern of
British Columbia
will not probably admit of them allowing this balance to
remain long inappropriated, and the
Crown Agents would
therefore solicit the permission of the
Duke of Newcastle
to treat it in this manner, in preference to making, for a
short period, an investment in the Funds.