I have the honor to request that the
Crown Agents for the
Colonies may be furnished with
M Secretary Cardwell's
authority for accepting the Bills referred to in the enclosed
copy of a letter received from the Colonial Secretary of
British Columbia.
The improved state of the Money Market will enable the
Crown Agents to borrow £20,000 on the credit of the Colony
to meet these Bills at maturity, even if
it it should not before
that time have sufficiently recovered to justify them attempting
to raise the money by the negotiation of the loan authorized
by the
British Columbia Loan Act of
1864.