I have the honor to acquaint you for the information of His Grace the
               
Duke of Newcastle that the sum of £26,362.6.6 has been realized by
               the sale of £24,900 
Vancouver Island Debentures, and that as the
               greater portion of this amount will not be required for some time, I
               beg to suggest that the Agents General be authorized to invest in one
               of the large Joint Stock Banks such portion of that amount as may be
               spared for the purpose.