With reference to 
M Elliot's letter of the 
13 Instant respecting
               the investment of the Sinking Fund provided for in "the 
Vancouver
                  Island Road & Harbor Loan Act 
1862," I am desired by 
The Lords
                  Commissioners of Her Majesty's Treasury to acquaint you, for the
               information of the 
Duke of Newcastle, that Their Lordships are of
               opinion that the sums to be provided as Sinking Fund under the 13
               Section of the Act in question may be invested in the Consolidated £3
               per Cent Annuities or in the New £3 per Cent Annuities, and They make
               no objection to the Trustees
proposed
               proposed to be selected by the Secretary
               of State.