[m'lachlah] copper CURRENCY OF THE CANADIAN BANKS 247 



No. 4. 



Castle St. Lewis, 



Quebec, 21st Novermber, 1837. 

 Sir, 



I am directed by the Governor-in-Ghief, to transmit to you the accom- 

 panying Despatch with one Enclosed from the Secretary of State for the 

 Colonies, calling for information from this Government, relative to an order 

 from the Montreal Bank, to a House at Birmingham foir a Coinage otf Copper 

 Tokens, & to request that you rwill be so good as to lay these Documents 

 before a Committee of the -whole Executive Councdl, with a request that they 

 will favour His Excellency with such information and observations on the 

 subject, as may enable Him to furnish the Report required by the Secretary 

 of State. 



I have the honour to be, sir, 



Your most obedient servant, 



Walcott, 



Civil Secy. 

 The Honorable the Chairman of the Executive Council. 



No. 5. 



Copy of a Report of a Comimittee of the Executive Council, dated 23d 

 March, 1842, and approved by His Excellency the Governor-General, on the 

 28th of the same Month, and the proposition of the Montreal Bank to issue 

 certain Copper Coins as Tokens. — 



The Committee of Council have considered the proposition of the Montreal 

 Bank, made with the concurrence of the other Banking Institutions, to issue 

 as the Copper Coinage authorized iby the Act 4th and '5th Victoria, Cap. 17, 

 certain Coins or tokens, the same as those Issued by the same Institution, 

 under the authority of an order in council of the Province of Lower Canada 

 of 18th December, 1837. 



This arrangement would, no doubt, be very convenient for many reasons, 

 but as a certain limited amount of Coin is allowed to ibe put in circulation 

 under the late act, and as the redemption of the issue, is, /by the act, 

 obligatory upon the person, or body corporate, making the same, the Com- 

 mittee are of opinion that a new die should be struck, in which case the 

 impression might also be made applicaible to present circumstances. 



That all invidious reflections may ibe avoided, the Committee think it 

 would ibe prudent for the Bank, as it does not desire profit from the trans- 

 action, to send an account of the expenses attending the Coinage, and impor- 

 tation, so that the same may be furnished to Parliament if called for. 



Certified 



^ „ (Signed), Wm. H. Lee 



The Honorable Mr. Daly. 



