The Sun. — London, England, 1862-02-14 00:00:00

MONEY MARKET AND CITY NEWS. CITY, Two o'CLocii. The Bank of England return, completed to the 12th inst., exhibits some important changes. In the reserve of notes there is a rather large increase, while a small addition is apparent in the stock of bullion. The public balances show a large falling off, but there is a more than corresponding addition to the private deposits. The other securities, owing to the recent augmented demand for money, have been increased to a moderate extent. The various items and the changes they present, are shown in the subjoined table:— Active Circulation .. .. Decrease .. • • •• Bullion .. .. • • • • .. £20,524,640 210,015 16,042,949 Increase .. Rest .. .. • • 86,046 .. 3,405,555 Increase .. • • . • Public Deposits • • • • Decrease .. • • Other Deposits.. • • • • Increase .. • • • • Seven Day and other Bills .. Increase .. • • • • Government Securities Decrease .. • • • • Other Securities • • Increase .. . 10,212 .. 4,884,989 .. 903,452 .. 15,526,334 .. 1,346,417 .. 711,672 • • 18,773 .. 11,102,802 .. 200,000 17,811,439 .. 375,889 Notes unemployed .. 9,34140 Increase 313,715 •• •• •• •• During the last few days there has been a mode rate amount of business transacted in the Foreign and Colonial Produce Market. Tea experienced a slight advance in price, while sugars have been a shade flatter, except for refining qualities. Coffee has brought steady rates, and in rice, fruit, and spices the dealings have been to an average extent, - without any material alteration in values. At the public sales of indigo an advance of about Is. per lb. was established on good and fine descriptions, but in the tallow market a heavy tone has pre vailed, prices having slightly given way, both for present and forward delivery. A moderate business is reported in discount eircles, and the rates still show rather a downward tendency, owing to the abundance of capital and the limited supply of commercial securities. The bullion operations at the Bank yesterday comprised the withdrawal of £4,000 in gold for exportation. The Atrato has arrived from the West Indies with £123,600 in specie. Increased firmness prevailed in the Liverpool Cotton Market yesterday, and the sales reached 17 ,000 bales, of which 10,000 were for exportation end on speculation. An advance of Id. per lb. was established in the value of American and Surats. The Bank of France return for the month ending the 13th inst. has just been published. It shows that the bullion has increased about £1,900,000, the notes £1,300,000, the Treasury balances £426,,600, and the advances on stocks, &c., £1,290; 000 ; but there is a decrease of £520,000 in the bills discounted. The hal?-yearly dividend on Turkish 6 per Cent. Bonds of 1858 has been announced for payment, and notice has also been given that the Bonds, amounting to £56,100, drawn in December last for redemption on the Ist of March, will be paid off at par on that or any subsequent day. Speculation being very much restricted, the Market for the English Funds, although exceed ingly firm, presents a quiescent appearance. The tendency of values, nevertheless, continues favour able. Consols for money and the 6th proximo have been 93 93k, but they are now 928 93 for the former, and 93 93-fr for the latter. The New Threes and the Reduced are firm at 934 Exchequer Bills, March, at 16s. prem. ; ditto, June, at 18s. prem. Bank Stock is at 241 and 242; India ditto, at 226 ; and ditto 5 per Cent. remains at 1061 1. A rather acti ve b us i nes s has taken place in the Soreign Market, and prices are generally well main tained. Turkish 6 per Cents. are 841 851 ; ditto, 1858 , 761 76 ; Mexican have improved to 35} Russian 5 per Cents to 101; ditto 3 per Cents to 61 1 ir,-; and Equador to 181 191 ; Spanish are firm at 54 ; ditto Passive, at 201 21; ; but the Certifi cates are flat at 75 89 ; Italian are steady at 671 68. Increased activity has prevailed in the Railway Share Market, and several of the principal British lines have further advanced. Eastern Counties, Great 'Westerns, and Brightons have improved 10s. ; South Easterns, 15s ; and Great Northerns, £l. North-Westerns, South-Westerns, and Mid lands, however, have receded 55., and South Wales, 10s. The Foreign and Colonial Markets have also shown a more cheerful tone. South Austrian and Lombardo-Venetian have advanced to 20k ; Grand Trunk of Ca nada to 25 and 251 ; and Great Wes tern of Canada, 121 Joint Stock Bank and Miscellaneous Shares fully support proTious rates. BRITISH FUNDS—ONE O'CLOC 1/K. Lards Stock a Per Cent. R e d uce d A nnu iti es .. 93a t a per Cent. Console .Annuities -r l elY 3 per Cent. Annuities a andia Stock Ditto 5 per Cent. Ditt Enfaced Paper, 4 per Cent — Ditto o 5 per Cent. .. lOl/ Ditto Bonds £l,OOO , ~,, D itto under £l,OOO 27 . %,orisols for Account, March 6 • India Stock for Account, 5 p per ° Cent March. I Jun g. . 84 chequer Bills, £l,OOO 2d...•-• , Ditto £5OO ;.16 pm 18 ktto Small $ FOREIGN FUNDS— ONE O'CLOCK. razilian 5 per Cent .. .. ~,, Ato 41 per:Cent, 1858 ''' ( l l l , ador New Consolidated Mexican 3 per Cent . 34/ 5/ Ditto Account Grenada Active Do. E x over -d ue C oups. &Hectares lO/ Russian 5 per Cent. 1822, £St •• • • ...... Ditto Account Ditto 3 per Cent. 1859 ... 61} i iB PEnsh 3 per Cent Ditto New Deferred • • --- Ditto Account Ditto Passive Turkish Cert. of Coup. not f un d e d iurkish 6 per Cent — Ditto New Loan . 76 51 Ditto Acco int _Ditto £lOO Bonds Venezuel a , 3 per Cent .. Ditto Account 251 Dividends on the above payable in London. Austrian 5 per Cent. En. 10 Florins 521 Dutch 21 per Cent., Exchange 12 Guil 64/ French Rentes, 41 per Cent., Ex. 25f loof. Italian, 6 per Cent., 1861 . ... 67/ 1 8 TWO O'CLOCK. Console, Money Account . 25 Blythe and Tyne 10 p.c pref. issued at £5 all at Bria. & Exet. 4p. c. at— 100 93 95 20 Do. shares at Caledon. qr. shrs, o. 2 100 61 Cork & Bandon, 51 p. e. all 20 Cornwall. 5 percent all 20 21 61 Dun. Perth, &Abev.,Tun all 6 61 10 Do. Ist Class Pref all et E. Angn. Class Asn. c lOO 99 101 at it. Colin. Ex. 5 p.c. No. 1 100 109 111 at Do No. 2 100 109 1? 1 at Do. new 6p.c. at lOO 128 128 at Eastern Union, 4p. c— 100 81 83 at Do. sp. c. guar lOO at Edin.&Glas.s p.c. shares 100 112 114 at Do. 4p. c. guar. S. & u lOO 90 92 st Furness, 5 Der cen 100 at Glaa.& S.West. gu. 5 p.c. 100 at Great Northern, sp. c lOO 118 120 120 at D 0.5 p.c.Redm.lop.c.pm lOO 113 115 st Do. 41 p. c. do lOO 106 103 at Do.sp.c.Redtr.atsp.c.pm 100 109 111 10 Gt. Nit, of Scot. Ist pref. all at Gt. Sn. &W. (Ireland) 4 per cent lOO 98 100 50 Great West. (Berke; and Rants Ext) 5 per cent 6 at Do. redeem. 4l p. ct lOO 98 100 991 st Do. redeem. 4 p. et lOO 89 91 at Do. irredeem. 4p. et lOO 90 92 st Do. sp. a redeem. pref 100 102 104 8 Do. Birm. pref. shares all 91 101 10 Do. Chester 8 p.c. pf. she all 17 18 10 Do. Chester 5 p.c. pf. shs all 101 11 at Do. Birm. guar. stock lOO 75 78 261 Do. Chesi.erguar. shares all 20 211 13 Do. do all 10 10f 20 Do. do all 15 16 100 Lan. & Carl. 41 p.c. pref SO st Lan. & York. 6 p.c. stock 100 135 137 at Do.Barnsal.st£s 2s 10dpe 103 et Do. 6p. c. (East Lan.) lOO at Do. 41 p. c. (Black!). nur lOO 102 104 at L0n.&13.15;.5p.c.p.m. No.l 100 112 114 st Do. 5 per et - mt. do. No 2 100 112 114 at Do. 6 per cent, ao.— 100 135 140 st Do. 5 per cent. do. No. 4 100 112 114 at Do. 7 per cent pref. atk 100 150 155 at Do. 6 p.c. d0 , ,W.F.&C.P.) 100 126 129 at Do. 4 p c.st(div.def.liP6s 100 74 76 at T.or-Chat. &Dm*. sp.c.pf. 100 95 97 at Lon. &N. W., Coy. & Nuneaton, 5 per cent 100 et Lon. a' , s S.West. 7p. cent. at. late 3d shares et Do. 44 per cent 2s 6d Do. (Prism. perpl. anns. of 2s 6d all 121 Londondy. &Cole. 1 she all .724 Londonv. & Ennis. she all 131 14 at :Kan. Sh. & Lin. S per et. 100 124 126 6 Do. £6 st Do. 3x, ner cent lO3 079 71 10 Do. redeem. 6percent 5 1 bin 12} Maryport Carl. 4 pr. C all .. 121 Do. 41 per cent. all at Mh'land Con. 6p. c. stk. 100 at Do.Con.Bris.& Bin 6 p.c 100 136 138 at Do. 41 p.c. Pref. at. rdcm 100 103 105 at Do. 4a p.c. irredeomahle 100 6 Do. 41per cent . . all .. • at Do.Leic. andHit4per et 100 94 96 at Nerilk. sp. c. Ex. at. 1846 100 _ at Do. 51 n. c. Pref. at. 1847 100 • • • • at Do.sWay.ValEx.st.lB 4 7 100 st Nort British. 5 per cent. 100 111 113 at Do. New gua. 5 per cent 100 109 111 10 Do. for. Un. g. prf. shs. 7 11 11pm 10 Do. do. do. all _ at Nth.Dvn.Rail..tDck.Co. 100 at N-East. Cons. pref. 4 D.C. 100 et Do. 4ipr. ct. redeemable 100 .. at Do. G. N. E. 4p. et. ef. 100 102 104 17 Do. Berwick 4p. C. pref. 3. 13.4 98 100 20 Do. Leeds 6p. c. No. 1 13 1 dis par 121 Do. do. Quarters, 1848 9 25 Do. York, F. &S. Purch. 10 .. 20 North Slefordshire.. . all 1 dis par 10 Rhymney Guaranteed:. all 22 23 st Scottish North-Eastern 31 p. c. pref. stock.... 100 st Do.Aberdeen,gua.6p.c 100 .. at Do. 7p. c, pref. stock 100 .. 10s. South Devon. Ann, 10s. all 132 136 10 Do. Fixed 41 per cent all 10 11 10. 6. South Eastern (Reading Ann.. 1.0.6) at Do. 4.1 per cent at Do, Fixed 41 psi cent 100 101 103 st South Wales, gua. 4p. c.I 100 .. . • at Do. 41 per cent at Do. do, 1859 lOO . • at Do. 5 per cent lOO .. at S. Yorkshire, 4p. 0. gua. 100 86 £0 20 at WStheatkrf'Dd&o&D. Kariik'CAny6s,l3l)6:l3c.c...* Do. sp. c. gua. 13 1 . 11 p 26 st W. Mid.-Oxf lst gua et . 25 25 all 28 29 Do. B6p. c all 32 34 p 2 . d . do set Do. Newport 5 p e.pf red ck 1111 a 0000000 11 14 3 228 1 1 0 at Do. Pe r : D rp o o e * . t.6 1 1 0 2 3 3 126 105 at pf. 186 6. 100 123 126 tilt 1869 100 119 122 DOCKS. ----- - stock Commercial . . . stock Do. 4 per Cent..Prei.ifin.l 1 ( 0 1° s tock East and West India 120 ° s tock .I,ondor. 100 57 59 stock St. liatharine• l OO 60 82 s tock Southampton lOO 8t../0k Vistoria 98 100 20 iDO I NOW • mr.eiosevas l 2 1 d p BAY' OF ENGLAND. An Account, pursuant to the Act 7th and Bth Victoria, cap. 32, for the week ending on Wednesday, the 12th day of Feb., 1862: ISB TIE EP ARTMENT. Notes issued ,868,7 D 80 Government Debt £11,015,100 Other Securities .. 3.834,900 Gold Coin Zic Bullion 15,218,780 Silver Bullion .... £29,868,780 429,866,780; BANKING DEPARTMENT. Proprietors' Capi- Government Seen al 414.553,000 rities (including Rest Public De poeits (in- nutty) £11,101,802 eluding Ex che- Other Securities 17,811,43 quer, Savings' Notes Banks, Commis- Gold and Silver 824,169 missionel-s of Na- Coin .. tional Debt, and Dividend Ac counts) Other Deposits— • Seven Day and other Bills . 711,672 £39,081.532 M. £39,081,532 RSHALL, Chief Cashier. Feb. 13, 1862. THE SEXA GENARIANS OF THE HOtISE OF COM- Ntoxs.—The fol 'lowing members (62 in number) claim to be Wholly excused from serving on election committees, on ac count of being . nor e than 60 years old :—Mr. T. Adcock, , G en. Arbuthnot& 111 - essrs. E. Ball, W. H. Barrow, Col. J 3 ernard, M‘9ssrs. T. T. Bernard, A. Black, P. P. Bouverio, T. W, Bram ston, J. I. Briscoe, J. Brocklehurst,R. Brooks, Major Bruce, Gen. Buckley, Captain Banbury, Messrs. M. Corbally, W. Doedes, E. Divett, Sir E. Dundas, Mr. Ellice, Sir Do Lacy Evans, Messrs. W. J. Fox, G. C. 7, 131, S. Gregsoa C. G. Grenfell, B. Guidon, G. Hadfield, C. Haliburtor Sir W. G. Hayter, Sir W. Heathcote, 11,4 i tc , --81.8 . X. W. I lenley, IL Ingham, J. J. H. Johnstone, J. I , r ! r h avv, Sir F I. Leeke, Mr. Long, Col. Lowther, Messrs. 11,1, 4481 eY, M'Cann, W. Marshall, C. A. Moody, W. -113- 'W. Nicol, R O'F rrall C. W. Packe, Col. Packe, viscount r. R. e It o b , Palm erston, Messrs. D. Pugh, 0. Ricardo, .D. erts,an, G. P. Scrope, R. A. Slaney, Sir F. Smith, Messrs.-7 R. Spot ner, J. Steel, G. Traill, J. A. Tuner, Sir 111, G ,,ner, Adi viral Walcott, Sir J. Walsh, Messrs. B. Wi 11cox., and W. B. Wrightson. Nol i of esterd ,ay morning Mr. Laing, the ex-magis trate, po t mny years presided at the old Hatton-garden at " . ? °ll rt, expired at his residence, in the Inner Temple, th e ~t a uva ) wd age. The deceased was called to the bar on uh Ju e ), 1839, at Lincoln's-inn. SHARE MARKET-(THIS DAY.) ORDINARY SHARES AND STOCKS. 1 Paid. Closing , Business Share,' Railways. m Price. done. 13.14 Bir., Wol., and Str. Val ! all 74 8 25 [Blyth and Tyne 10 i Bost.,Sleaf., and Mid.k:o all 64 7 at ,Bristol and Exeter at [Caledonian lOO 1054 106 21 5 00 0 F l DC C o o or r n k and Awal Ba Cornwall all 5 6 t:Won all A gets no div 10 [Do. B till 6p c.p an.has all all .. , been paid to B. 50 !Dublin & Belfast June. all 42 44 25 I Dun.,Perth,& Ab. June all 10 11 at East Anglian lOO 19 204 20 at ;Eastern Countie s .. . at ! Eastern Union A stock 100 52 54 54 at I D o Bdo do 100 35 37 • 25 DoNw A, late E U3ds 134 ! at East Suffolk at I Edinburgh & Glasgow lOO 92 93 at ,Edin., Perth, & Dundee 100 30 1 31 1 at t ., llasg. and S. Western. 100 101 103 10 ,'C-reatNrthn.of Scotland all at Great Northern .... I at Do A stock .. 100 1174 1184 118 17f at I Do Bdo at ;Gt. S. an iW. of-Ireland , 100 104 106 at 'Great Western .... .. . 100 704 714 71 70 4 4 4 at I Do Str Val gua. stock 00 57 6 ' 12 (Irish South Eastern at Lancashire & Yorkshire 160 1062 1074, 107 64 at London and Blackwall 100 60 62 at Lon. Bright.,& S. Coast 100 120 121 121 at Lou., , Chat., and Dover 100 44 46 at Lou. & North Western 100 95 454 95 1 at Lon. & South Western 100 101 102 101 4 4 25 L'derry & Coleraine 25 L'derry & Enniskillen all 9 11 st Man., Shef., & Lincoln lOO 424 43 42 4 2 50 Maryport and Carlisle. all 124 Do I shares all 10 Metropolitan all 72 84 8 4 at Midland 6.4.0 Do New at Do Binning. & Derby 100 102 104 60 Mid. Gt. W. of Ireland all 25 Do. 4 shares 25 Mid Kent 10 Do Cray Line 100 Newcastle and Carlisle all 2 0 Newry, Warnpt, &Ros. all at Norfolk lOO 67 69 66 at North British at Nor.Dev.Rail&Dk.stock 100 st Do A stk ; A revs no d till 6 pc. has beenpelß 100 at Do B stock lOO at Nth. Eastern—Berwick 100 1004 1011 981 25 Do, G.N.E. purchase 16.13.4 1d p d at Do Leeds lOO 561 17 554 at Do York at North London 10 Do new 5 9.16.1 North Staffordshire 10 N. and S. W. Junction all 104 11 at Not. Gran. El. & Canal 100 93 95 20 Portsmouth 10 Rh 3 mney et Scottish Central" lOO 125 127 at Scot. N. E., Aber. stock 100 44 46 at Do Scot. Mid. stock lOO 101 103 10 Shrews. and Welchpool all at Shropshire Union ..., 100 46 48 10 Sittingbourne & Sheer. all et South Devon lOO 37 39 25 S. Durham & Lane. Un all at South Eastern at South Wales at S. York. and River Dun' 100 99 101 994 20 Staines,Wok.,andWok all 51 61 25 Stcckton & Darlington all 381 31 25 Do l3 84 94 p 25 Do New, 1860 5 54 64 p at Taff Vale. at Do Pref. No. 1 25 ThamesHavenDk&Rail 22 50 Ulster 25 Do 2O 21 34 [2.10 Do at ' Vale of Neath at Victoria sta. and Pim lOO 130 133 at Waterford & Kilkenny 100 50 Waterford & Limerick. all 20 West Cornwall all 7 74 20 West London 10 Do Ist class 20 Do 2d class all at W. Hartlepool Har.&R lOO at West Midland Oxford 100 48 49 484 8 4 at Do Newport, 100 43 46 at Do Hereford 100 90 92 LINES LEASED AT FIXED RENTALS. Paid. ' Leasing Closing Business Railways. Co. s Price. Done. Bedford and Bletchley all Ln.&N.W Birkenhead., Buckingh i 71.4 ly. re.. Chester & H iyhead lOO Do 54 55 Do. 5k per cent 100 Do. 126 108 Do. 5 „ 100 Do. ll4 116 Clydesdale Junction 100 Caledon. 101 103 Colchester, Stour Val. 100 E.U.&E.O E. Lincolnsh. gapr c. 100 Gt. North. 136 138 E.Union,HarwichShs all E,Counts. 4 4f Do. Woodbrid.. , :e.. 100 • • • • Gls.Barr.&Neils.Dra 100 Caledon .. .. Do. new Gloster &Dean Forest all Gt. West . . .. .. Hull snd Selby all Yk.N. Mid 111 113 Do. halves Do. quarters Lancaster & Carlisle 100 Ln.&N.W 199 204 Lon. and Chat. Ext. B 6 per cent Do. Bromley, 6 per c. all D 0..... ... .. .. London & Greenwich 100 S. Eastern 62 64 Do. Preferen 'e Lon.,Tilb.& S. - I"lend 100 Peto &Co EI 63 Lowestoft gua. 4 p c.. 100 Norfolk Do s pier cent , 100 Do. 11Inc.,Bxtn.,8. Matlock ! all LNW& AI 31 •4k Mid. Bradford Prefer-I ence stock Newmarkt, BuryEx 1 r, - ua. 5 per cent... 5. 5.6 . ,E Counts. p i p Northn.&Eastn. 5 p.c. all i Do. Do. 6 per cent..... all ,Do. Do. Fixed sp. c...., all IDo. N. Eastn—Hartlepool 1( 0 N. E. Ber .. .. North Western L&N.W Preston and Wyre. 1 all & L. y k. I 44 46 Do. 4 shares A all JDo. ••• • .. .. .. Roystn.Hitch.& Shep lOO Gt. North. 136 138 Shrewsby & Hereford 100 T Brassey 121 123 Do. Do. South Staffordshire Wilts and Somerset lOO Gt. West. 92 94 Whnbledn t Croydon all L.&Brgtn si 9k PREFERENCE SHARES. Paid.l Closin g Business Prices. Done. Share/ Railways. 19.16. 12.10 THE SUN, LONDON, FRIDAY EVENING, FEBRUARY 14, 1862. INSTITUTION OF CIVIL ENGINEERS. The paper read on Jan. 28 was " On the Form and Materials for Iron-Plated Ships, and the Points requiring attention in their Construction," by Mr. Joseph D'A. Samuda. The author sta'ed that iron-plated ships having now be come a necessity, it was important to ascertain, first, the best description of construction of ship and armour, and secondly, the best form and dimensions of vessel. HOUSE OF LORDS-YESTERDAY. To effect these objects, there were four indispensable con ditions : first, these vessels must be of such dimensions and power, and be built on such lines, that they should always command a superiority in speed over the best timber-built frigates afloat ; secondly, they must be protected with ar mour over their entire length; thirdly, the armour must be so applied as to be capable of rapid replacement or _ _ repair; and fourthly, the armour should enter into the construction of the ship, and thus give strength to the whole fabric, as well as protect it from an enemy's fire. These conditions had only been partially attained in the vessels already constructed or proposed to be constructed; for the Warrior class obtained speed alone, the Defence class failed in all, the Valiant class only approached the second condition, and the three new ships of 6,700 tons burthen, recently contracted for, at a cost with their engines of £400,000 each, would probably possess the firth and second, but not the third and fourth conditions. Although the Warrior was highly creditable as a first effort, and was not deft ctive in strength, yet it was a cora plicated and costly construction, and its character should not, therefore, become stereotyped, as incapable of further improvement, or as if it were not desirable to seek for it. The author proposed, that the framework of the hull should be built as in an ordinary first-class steamer of the same size ; and that outside the frame-work, and rivetted to it, there should be five longitudinal ribs, at intervals of 6 feet, reaching 20 feet below the gunwale. These longitu dinal ribs should be of bars of rolled iron 2j inches in thick ness and 16 inches wide, the outer 4 inches on each side being recessed 1 inch. The ordinary skin plates, 1 inch thick, were then to be rivetted in these recesses, so as to form a fiat surface for the reception of the armour, each strake ef which was to be made to correspond with the distance, from centre to centre of the longitudinal ribs. The edges of the armour plates, 5 inches in thickness, were then to be bolted, or rivetted through the ribs longitudinally, the verti cal butt joints of each plate, made to break joint with the skin plates being rivetted to corresponding ribs 21 inches in thickness, placed between the longitudinal ribs, and at tached to them with fish plates. It had been determined by experiment that this thickness of rib would be sufficient to render the edges of the armour plates, when weakened by the rivet holes, equal in strength to the central body of the plates. By this arrangement a perfect ship without armour was made ; then a complete armour case was at tached through the longitudinal ribs, without interfering with the joints or fastenings of the ordinary skin of the vessel. Indeed the skin would be so distinct from the ar mour that, in time of peace, the armour could be removed, and the vessel be used as a transport, if desired. By these means the armour could be rapidly repaired at any point, and there would be no necessity for tongueing and grooving the plates, adopted as an expedient by the Admiralty, to remedy the bending up at the edges, which the present im perfect mode of fastening rendered them liable to. Thus, protection would be obtained over the entire length of the vessel, by the armour admitting of rapid replacement, and entering into the construction of the ship. It re mained only to show what dimensions and power were necessary to secure speed. For a 32-gun frigate, constructed as described, the best dimensions would be 382 feet long, .55 feet beam, and 311 deep to the main deck; 5,600 tons burthen, and fitted with engines of 1,200 horse-power, ley which a speed of 15 knots an hour could be obtained, with the armament, ammunition, and coal on board, and with the port sills 9 feet above the water line. Such a vessel would have even greater speed than the Warrior, and be wholly protected over the entire length of the sides. As the importance of complete protection bad now been recognised by the Admiralty, it was desirable to compare this armour-skin vessel, of 5,600 tons burthen, with those now building. The Admiralty vessels were to be 6,700 tons burthen and 1,269 h.p., but they would not be able to carry a heavier armament, or possess a higher speed than the proposed vessel. They would be less manageable, form larger objects to fire at, and cost £400,000 each instead of £340,000, or in a fleet of twenty. four such frigates, one mil lion an a half pounds sterling more. For coast defences vessels might be built, protected from stem to stern, having a length of 200 feet, beam of 48} feet, depth of 25 feet, burthen of 2,200 tons, and engines o f 350 horse-power, pierced for thirty-two 6 8-pouuder guns but carrying only sixteen, with a draft of water of 16 feet when the guns, ammunition, and coal were on board, and capable of attaining a speed of 11 knots an hour. In conclusion, the author thought that the time had ar rived when the Admiralty should see the propriety and the advantage to the public service of abandoning the mono poly of restricting all advance in the construction of mail clad vessels to plans and systems emanating from them selves; and that it would be far better to trust to the engineering skill of this country, leaving it free to take the initiative in improving this branch of national defence, and the Admiralty only exercising a veto within such limits as experience fitted them to form a judgment upon. SP 081 ING INTELLIGENCE. TATTERSALLS'—YESTERDAY. LINCOLN HANDICAP. 7 to 1 agst Suburban (taken) GRAND NATIONAL STEEPLECHASE. 9to 1 agst The Dane (taken) 10 to 1 agst Huntsman (taken) 25 to 1 agst Bucephalus (taken) TWO THOUSAND GUINEAS. 3to 1 agst Old Calabar (offered) 9to 1 agst The Marquis (taken) 15 to 1 agst Wingrave (taken) THE DERBY. 17 to 2 agst Old Calabar (taken) 23 to 1 agst Ensign (taken) 40 to 1 agst Master Fenton (taken) Nothing done on the Cheater Cup. BETTING AT MANCHESTER-THURSDAY. The business of the day was almost confined to Hunts man and The Dane for the Grand National Steeple Chase ; 10 to 1 was taken about the former, and offered against the latter; but towards the close 10 to 1 was taken rather freely about The Dane, and 100 to 6 was booked a few times against Jealousy.— Closing prices:— GRAND NATIONAL STEEPLECHASE. 10 to 1 agst The Dane (taken) 10 to 1 agst Huntsman (taken) 100 to 6 agst Jealousy (taken) THE ADULTERATION OF BREAD.—Out of 32 samples of bread recently analysed by the Zama Analyti cal Sanitary Commission, alum was found in 17 samples, or more than one half. The quantities ranged, per quartern loaf, between 25.91 grains and 158 09 grains ; and per sack of 92 41b. loaves, between 5 oz. 4 drs. and 33 oz. 2 drs. It appears that as a rule the more respectable high-priced bakers, whobuy the best flour and sell superior bread do not make use of alum, for the employment of which no necessity whatever exists. The principal reason why alum is generally used by the bakers who sell cheap bread is, they are thereby enabled to use a less expensive flour, and to impart to it the colour and appearances which belong to flour of superior quality and of higher price. That the addition of a power ful substance like alum, and in the large quantities detec ted by TU Lancet Commissioners, is prejudicial to health and is productive of derangement of the digestive organs, is well ascertained. The adulteration of bread with alum is contrary to law, and bakers using it are liable to punish ment, both under the Bread Act as well as under the recent Bill for the Prevention of Adulteration; the former Act is, indeed, rarely and at long intervals, enforced ; but the latter, as respects the adulteration of bread as of other articles, is inoperative. It is, therefore, obvious that the law is at present wholly ineffectual in putting a stop to a very scandalous and injurious adulteration of a prime article of daily consumption. EXTRAORDINARY DETERMINATION TO COMMIT SUlClDE.—Yesterday morning, about two o'olock, a man, with his face hideously disfigured, and the flesh charred from the effects of pistol shots, was brought to St. Thomas's Hospital by two po lice constables. The o ffi cers stated that as they were going their beat that morning along a road in the neighbdurhood of Bromley, Kent, they had found the unfortunate man lying . on the pathway in the state in which he then was. Their impression at first was that a murder had been comm itte d, . as no pistol or gun could that all they must have been be found near, but upon conveying him to the divisional surgeon that gentleman pronouncedy hi vro m un t d o od b? a n n o d t dead, upon do:temporary remedies, and directed the constables to convey him at once by train sbectixautfofimninitoiisnotgtesdte.nrieoHuisnel injuries to St. Thomas's Hosp ita l. . Mr. Bell (house surgeon of that institution) immediately attended, and found that iefa applied nhoet s s o ma m i there must have been two shots fired, the first directed against the forehead, where the bullet, however, did not enter the skull, but glanced off under the scalp. From the burnt condition of the flesh, the pistol muzzle must been held within an inch of the forehead wh en th e s h ot was fi red. This shot having failed i n its effect, the wretched man must have placed the muzzle of the pistol in his mouth for ano ther attempt, because the palate is completely charred, as well as the lips, and though a bullet entered the roof of the mouth, the front teeth had not been broken. Even this shot did not prove fatal, the ball h av i ng ev i dently glance d from the palate and lodged in the neck. Death is, how ever, almost certain, and may be hourly expected. The name of the unfortunate man is unknow n; b u t f ro m the appeara nce of his clothes, which were of blue pilot cloth, it is inferred that he belonged to some marine institution. His linen was marked " 9 kt 9. D. 2. „ THE FATAL ACCIDENT IN THE WATERLOO- IiOAD.—This afternoon Mr. Sergeant Payne opened an in quest at St. Thoma s ' s Hospital on the body of the unfor tunate man Robins, who loet his life by the falling of the pavement in the Waterloo•road on Monday last. Before the inquiry can be fully entered into a survey and exami nation of the scene of the accident Will have to be made. IMPERIAL PARLIAMENT The LORD CHANCELLOR took his seat on the woolsack at fivo o'clock. THE NEW EDUCATION MINUTE. Lord Lyttelton, the Bishop of Bath and Wells, Lord Belper, and the Bishop of Ripon presented petitions against the educational minute. THE BOOK OF COMMON PRAYER. Lord EBURY said with respect to the two bills he had introduced for making certain omissions from the Prayer Book, that he did not intend to move the second reading of either till after Easter. THE EDUCATION MINUTE. Earl , GRANVILLE said in making the explanation he had stated his intention of doing with respect to the new educational minute, he could not but notice the very strong feeling that existed on the subject. The noble lord having referred to the state of education some few years ago, pro ' ceeded to notice the principal points in the new code of re gulations, and also the interest the noble lord (Lyttelton) had taken in the subject. The new code, he thought, was well calculated to realise the best results. All old grants for educational purposes were by it swept away, and in place of which a capitation grant was made, which would result in giving the greatest advantage to those who undertook the responsible task of educating the young. The capitation grant would not be paid merely on the number of attendants at schools, but the degree of proficiency of the pupils would be taken into consideration. He fully anticipated that in the event of the revised code being found acceptable, the grants to be made to schools under it would, in a short time, be found to amount to quite as much as that obtained under the old system, while an enormous increase of usefulness and success would be the result. With regard to the reli gious point, upon which so much stress had been laid, he did not look upon it as an objection, because in the new code there was no alteration as far as religion was concerned. With regard to what was said as to lowering the position of the schoolmaster in consequence of disconnecting them s ith the state, he was of opinion that both in a financial point of view and in the interests of the schoolmaster himself his position would be bettered. His independence would be in• creased, and he would be placed in a natural position with reference to his employers ; instead of being as now in an anomalous position with the government of the country. At present he is not an officer of the government, but he is in a manner dependent on them. He (Earl Granville) had always endeavoured as much as possible to raisetheposition of schoolmasters in the eyes of those who surrounded them. He believed them to be a very superior class with regard to their moral, their intellectual, and their religious attain ments, and on the whole he believed that they devoted themselves with great industry and public spirit to one of the most important tasks which could devolve upon any citizen of a free country. (Hear, hear.) He was not sure, however, that if their lordships turned to the speeches and the memorials of the schoolmasters, they would not arrive at the opinion that the present system had been somewhat injurious to them. There was a sort of depen dence on the government, and the speeches and memorials evidenced a tone of querulousness with the act of the go vernment which was not at all desirable. •He was not, thei efore, disposed to regard unfavourably the altered posi tion which the schoolmaster would fill from the severance of the existing connexion of the schools with the government. He trusted the remarks he made would be understood in the spirit in which he made them. He made no charge against the teachers individually; but he thought the pro posed system would introduce some advantages in their favour. He now came to the pupil teachers. It was said that the proposed code tr ould destroy the institution of pupil teachers, as it would limit the hours of instruction, and allow the children to be taught in evening schools. He did not think that this would affect their position. The next objection was, that instead of assisting the schools in the poorer districts we were doing them an injury. He could not understand the reasoning on which that objection proceeded. At present in poor schools of less than 100 pupils, these schools only received assistance if the) had a certificated master or a registered master of 25 years ofage. That was a considerable limitation in districts of this kind. We now proposed to give them the capitation grant if they could get registered masters of the age of 22, or a pupil teacher who had received five years' training, and who at the last examinaticn had passed and been declared qualified. The pupil teachers might be of the greatest use in giving instruction under the inspection of the clergyman of the district, or the promoters or managers of the schools. Only yesterday he received a large deputation of schoolmasters, who stated their case with great ability and moderation. One gentleman stated, as an instance of the injury that would be done to small schools, that he knew one in Wales where they would not be able to get a single penny, He asked what could be the state of the schools where the pupils could neither read, write, nor count? Another teacher of considerable intelligence said that he was a teacher in a Welsh school, but as he did not know Welsh, and as his pupils did not know a word of English, there was a difficulty in that school in instructing the children in the rudiments required. (Laughter.) He (Earl Granville) presumed this was not one of the schools under inspection. If it was there had un doubtedly been great dereliction of duty. He mentioned this instance to show that there were circumstances under which a gentleman acquainted with the language peculiar to a district might impart more information than a certifi.. cated master, however qualified. The only way of really solving the question of the education of the labouring classes was by affording them the means of education in evening schools. (Hear, hear.) Lord Stanley, in a speech he made at Bury, showed that it was impossible to get the children of the labouring classes to remain at school after ten years of age. It was folly to expect, and perhaps hardly to be desired, that a labouring man should give up the tenth part of his income. If he had one he had at least a hundred remonstrances from the managers of schools, saying that the restriction of not allowing day schoolmasters to be em ployed in the evening schools was fatal. Now we proposed to give very large pecuniary assistance to theme schools, because, after 12 attendances, they gave a penny for every attendance, provided the children answered the require ments with respect to reading, writing, and arithmetic. Now there was another point on which they had been much attacked by friends and foes—be referred to the principle of grouping the children by age, and for not giving payments for more than one examination after 11 years of age. It might have been expected that be should have yielded those points; but after the most careful consideration of the matter, they had come to the conclusion of adhering to the principle which had been laid down. Of course, under any general rule, cases of individual hardship would oocur, bat he believed the present regulations would meet individual cases as far as possible. The pro posed system would induce managers of schools to exert themselves to get the children to school young. This was most desirable, for if a boy left school at ten years old un able to read, write, and count, it did appear a result which the country could hardly be called on to pay for. He had read a memorial published by the committee over which the Duke of Marlborough presided, in which this ar gument was used. It stated it was a notorious fact that the children of the labouring classes left school at ten years of age, but that the children of artisans and farmers remained there longer, and thus received the benefit of the pecuniary aid given to schools intended for the labouring classes. That argument was fatal to the argument he was combating, namely, that you should go on to pay for boys after ten years of age, but it geve the advantage of two years' additional education to the children of persons who were able to pay for the education of their children. The first pressure of this minute would be to compel parents of this class to pay a much higher sum for the education of their children, and thereby to make them appreciate much more the advantages of edu cation. Another difficulty which had been referred to was that which regarded the examination of the children. It was said it was unfair to the inspectors to subject them to such degrading work. But he could not see that there was much more of drudgery to an educating man in seeing whether children could read, write, and count, than in exa mining them as to the trade winds, or the river system of Hindostan. He had ventured to meet some of the prin cipal objections which had been made to the code. There were doubtless a hundred others which would be made, but as the subject would be more fully discussed at a future period he would reserve any further answer till then. He now came to the modifications in the system. In the first place it was not intended to apply the revised code to Scot land, for two reasons. The first was, that as the great reli gious communities of Scotland were agreed that religious education should be given the schools the time was ripe for applying to Scotland a general system of education. The second was that one of their lavish grants in this country— the capitation grant—never had been applied to Scotland. For these reasons they thought it more prudent and wise to postpone, for a time at all events, the application of the re vised code to Scotland. He now came to the training col leges. We included them in the code contrary to the recom mendations of the commissioners; but since then we received strong representations on the subject, and therefore it was now intended not to include them in the code. As to the religious objection, there never was any real cause for alarm on that ground ; for the inspectors were bound to ascertain that the school was in a satisfactory religious state before examining on elementary subjects. With regard to the ' number of pupil teachers required, they now proposed that it should be one for every 30, instead - of for 40 as heretofore The Earl of DERBY said that was, he supposed, for every complete 30 over the first 50, on the same system as an additional teacher was now given for every 40 over the first 50. Thus 90 children gave one pupil teacher, and 130 gave an additional pupil teacher. Earl GRANVILLE—That was just so. He now came to another important point, namely, the examination of in fants. It had been said that this was impossible in the case of children under seven years old. The fact was, how ever, that this class had hitherto stood their examination better than their seniors. But, on consideration of the whole matter, it appeared that some difficulties might pre sent themselves, and therefore they now proposed instead of the examination that they should attend 200 instead of 100 times, after which there should be a payment for their attendance. The next question was as to the vested interests of the certificated masters. What they proposed was, that in every school receiving the capitation grant, there should be a certificated master duly paid; and the certificated BRITISH POSSESSIONS. littilwaya. AVartic & Zti Lawrence Bom.,Baroda&.Cent Ind Gu. 5 per cent... Buffalo and Lake Huron Do. New Do. Preference m 1 - Cle4.oC, . . ,) Cape,Eastn.Prov. (Lim.) Cape Town & Dock Scrip Demerara.. Eii.stn. Bengal gu. 5 p. c East Indian, gu. 5 p. c. Do. 4i p c. Debentrs. Do. 5 p.c. Deb., 1864 Do. 1865-1870 Do. 1866-1871 Do. do. G Ext Grand trunk of Canada Do. 6 per cent. Pref.. Do. 2d Pref. 6 per ct.. Do. 6 per ct. Debentr. Do. 7 per cent. 1862 .. Do. do. 1867.. Do. do. 1872.. Won. di /slaePwenuina..qpa..sg..c. (G t. South.m g India(Lim) guaranteed 5 per cent. Gt. W. of Canada Shares Do. New Do. 6 p.c. '73 wlth't opt Do. 5i p. c. do. '77 do Madras guar., 5 p. o.:;'• • Do. 4 p. o. Extension Do. 41 - do .. .... • • Melb.Corp. 6 p. o. Bnds. Newßrunswick •t Caudal ' Ity.dcLand(Lim.)g.tipc' Class A Capital Share Do. do. Land d 0... .. • • --- Do. do. B Capital d 0... Do. do. Land do. .... • • Scinde Do. Punjaub .. • • Is, Do. Do. ........ " Do. Indus. St. Flo. Trinidad (Lim.) Scrip.. all ElOO 15 all 100 (Closing , Price. Paid. all 100 all all all all 64 67 99i 1001 5 5} d 7 71 5 ot i iP 99i 1004 101 i 1024 99 101 101 i 1021 102 103 1031 1041 -- 24 25 71 73 60 63 39 41 40 45 37 40 37 40 100 101 id ip 1 99 100 1 2 , 12 8# 8 98 102 93 95 991 1004 82 94 90 92 5 7 4 6 101 i 102 i I 96 99 i i G FOREIGN Business done Share'; 10 Algerian 10 Antwerp Sc Rotterdam. 10 Ardennes.... • • • 10 Bal).&S.Fran..Lim.7 p.c. 5 Belgian East. Junction 10 Beziers to Graissessac.. Csrmeaux Mine & Rail )0 Coniapo •••••• • • • • 10 Ditto Extension .... Dutch Rhenish :0 Eastern of France .... :0 Grand Rus Guar. 6p. c. 0 Do. Go. k;reat Central of France Gt. Luxern., Con. shs... Italian Junction .... •• Lierre & Turnhout .... Lyons & Geneva Namur & Liege Do. 6 p. e. Pref. ........ Northern of France.... Do. New Shares ..... Norwegian Trunk Pref. Ot'mn (Smyrna to Aidn) Paris,Lyons, & Mediter. Paris & 0r1ean5........ Recife & S. Fran. (Pern.) zua. 7 p. ct. 1irn...... Riga & Dunaburg...... Royal Dani5h.......... Royal Swedish Do. 7 per cent. Pref.... Sambre & Meuse ...... Do. 54 per cent. Pref..... San Paulo, lira, g. 7 p.c. S.Aust. &Lomb Venctin Southern of France.... S. East Portugal 7 p ct. West Flandern . Do. 51 IV. p. c. Preference.. W. & W. of France ..I West , .. , rn of Austria.... Western of Switzerland Wiesbaden ..... Do. 8 per cent Pref 1 Zealand .. . . BMUS} X Ifred Consols (Philack British Iron Clifford Devon G. Cons. (Taoist : East Bassett (Illogan) East Caradon ...... East Cant BreA... E. WI Russel (T.wistk. Gam.&St.Aubyn(Gwen.) Great South Tolg - us G .Wheal A lfd. (Philaek G. Wheal Vor (llelston Grenville ....... Rerod's-Ecot El ingston Downs Lady BerCia Al ante ret tti.tv Lelant' Nlsrge Valley.. llyndy Iron Ore (Lim ) Nora' Downs North France. (t' lo=an Bassetallo;an' Forth Wheal Crotty .> Par Consols (St. Blr.zey) Providence (Uny Lel nt., iortridcre Cons. Min. Cc. South Caradon(St.Cleer) 3. Cam Brea (Illogan) S. Dev. Iron &Gen., Lim. '..Wheal Fran. (Mogan' Stray Park Tamar SilvAz Lead Min. Tin Crolt Vale of Towey (Carm ) West Basset (Illogan) W. Caradon (Liskeard) West Seton Wheal Basset (Mogan; Wheal Buller(itedruthl Whtssi Edward (Cals.) Wheal Kitty (U.Lelant) Wheal Mary Ann (Men.) Vt heal Treiawney (Lis.; 1.7:2 FOREIGN MINES. 20 Australian 1 BonAccordCopner,Lim all 1 5 Brazil Land & 1 Clarendon Cons.Migeo 1 die. 40 Cobre Copper all 32 14 , • I i,opiapo l6 6 8 1 I DunMoun.Cop.Minz.Co ail 1 11 3 'East Del Rey (Limited) 1 1 2 ;Fortuna. 20 'General all 23 24 2 Gt N. Cop. of S. Austr 1 pr p 14 Kapunda (Limited) 1 1 1/ p 2 ILinares all 8 9 5 iLusitanian, 2 1 d pr 1 Mariquita all 1 1 , N.RhineCopoiS.Aus.L 1 4 1d 20 , Pontgibaud Silver,Lead Mininand Smelt... all 2 4 5 Port Philip I II II 14 1 Scottish Austrin. (L.) los. Ipm 14 4 20 St. John eel Rey (L.)._ 15 63 65 28.2.81 United Mexican all 81 9 1 ,Worthing(Limited) all I COLONIAL GOVERNMENT SECURITIES. Car .G ov. 6 p.c.Ja. &July 1877-82 Do 6p. cent.lBB3-4 100 - - Do. 6p. cent. -- 100 - - Do. 6p, c. Feb. & Aug. 100 106 108 Do. 6p. c. Mar. & Sept.; 100 109 111 Do. 5 per cent lOO 94 991 991 Do. Irscribed stook I 1120 11 :7 , 82 Cape V o i . ope, P. clggi 1000 110 112 - Do. Jan. & July, 189' , 100 110 112 Ceylon, N0v.1831,1 p o 100 - IN. B.G ov. 6 p.c. J a.&Julyl 100 .105 106 —II Do. 6D. c.Ap. & Oct. 100 N sp. c , 1P66 100 99 10 0 991 -1 . 11 3 V Do. 6 v p. c.,1871 to . 1876 100 974 984 I Do. d0.,1808 & upwds 100 961 976 971 61 New Zealand 6p. cent. 100 106 108 , Nova Scotia Gov. 6p. c sterlinz, 1873 lOO 107 108 S. Aus,G6p.c.lB7B. &up lOO -- Vio.Goy. 6 p.c. Ja.&July 11 00 1 0 3 104 - I Do. do. 6 p.c. Ap.&Oct 1 100 11061 1071 107 611 JOINT-STOCK BANKS. 100 Agra&UnitedService Bk 60 88 90 40 Australasia all 65 67 25 flunk of Egypt all 21 22 100 Salk of London 60 British North Am?rican all 52 53 765 20 Chtd.Bakik of India, &c. all 215 215 25 Ch. Mer. of In. hon.& Ch. all 13 55 100 (City 100 IColonial ........ ... 25 39 41 20'11 Com. Bank of Canada.. all 20 i lilng., Scot., tit Aus. Ch.. all 185 185 20 'Gen. Bk .of Switzerland all 20 'Lon. Char.Bkof Austral all 251 26 20 Do. new all 255 255 50 London and County 50 r.ondon Joint Stock 20 London and S.Airican lO pr ip 100 Louden & Westminster 20 74 78 76 100 'at. Prov. of England 42 -, 20 Do. new • . 12 50 National Bank ........ 25 20 Nev South Wa1e5...... all - 25 Orient. B. Corporation . all 535 545 ' 20 Ottoman Bank 100 Provincial of Ireland .. 25 -.- 10 Do. new. - - 25 South Australia .., all - - 25 Union of Australia 50 \ Cfni.t., of London 100 Unity Mutual.. . 1 60 .. MISCELLANEOUS. Dan Mint .. all 154 164 511. Stm (1d) all 1 2 I. (Limited) all Lgricultural 19 26 28 a (Limited'. 1 er (Limiters) all 51 5: .rican Land 40 'el. A. (Lim.) all 29 32 111852 (Lim ) all 18 20 ted) all 9 11 id is Tel. (Lim ) all pan Corst &. .am Navip 24 tlng.&Smitg all per cent. all 15 17 PZe ace 'erpet. Deb lOO 102 105 .on. Ship A 74 B 74 11 04 gn. & Canal 1 pr ipm egraph 100 98 101 981 15 .us. Copper all 3 31 Navigati nt 14 Limited) all 1 Preference all I -ylng, (Lim.' 1 A Tei. (Lim.) 44 _ us Co. (Lim.) all 11 1; 11 and Canal 1 21 21 Tel. (Lim ) all 4 5 cent. pref all is. Co. (I.im 5 p 4 4 &Iron (Lim ) 5 2 1d s Land all dis. all 11 4 aScotial,and 81 10 15 lasian (Lim.) all 14 Ls (Limited). all 11 14 tares (Lim.). all 1 14 Steam(Lim.) all 7 74 711 .&Min.(Lim) 100 51 53 Lental Steam all 68 70 70691 30 10 12 i.Tel.g.44p.c all 191 191 '„191 [ron all 17 19 ....... Steam 6O 51 53 n. Inv.(Lim ) 100 137 142 Amlian Land 'all 32 34 Tel. Scrip al/ ;,ristered do all 416 1 to India (L ) 1 Ids par Agy oi ia (lim enc )lst is. 1 pr 1 p t. of Upr.Can. 5 44 11 i el. Co. (11/1 1 14 (.14 enlj LNG 28; 910 Anglo-Mexican Mint .. Atlantic li. Mi. Stm (1d) Atlantic Tel. (Limited) Ausi rali an Agricultural Bahia Steam (Limited►. Berlin Water (Limiters) ,British American Land B.&l.Mag. Tel. A. (Lim), Do. 8,7p.c.ti111852 (Lim.) I Do. C. (Limited) Canada Land Chan.lslands Tel. (Lim ) Chinn & Japan Corst & Rivers Steam Navip ,Cop.Min.of Eng.&Srultg Do. Pref. 7i per cent. Crystal Palace }Do. Preference ! p ct. Perpet. Deb ,E.lndia & Lon. Ship A Do. B E.lndialrrign. & Canal Electric Telegraph Do. New English & Aus. Copper Gen. Steam Navigati Great Slop Limited) Do: 17:1 p. ct Preference !Indian Carrying (Lim.' Lon. Dist' ict Tei. (Lim) L.G. Omnibus Co. (Lim.) Madras Irr. and Canal Med. Exten. Tel. (Lim ) Do. 8 per cent. pref National Dis. Co. (Lim iNerbu.Coal&lron (Lim ) Netherlands Land Do.S p.c.Pret.iss.ati dis N. Br.&NovaScotiaT,and N.B.Australasian (Lim.) Oriental Gas (Limited). Do. New Shares (Lim.). Orintl. In. Steam(Lim.) Peelß.Lnd.&Min.(Lim) Pen. & Oriental Steam Do. New Red Sea&ln.Tel.g.4ip.c Rhymney Iron Do. ....... Royal Mail Steam Scot. Austin. Inv.(Lim ) !South Australian Land Submarine Tel. Scrip. IDo. do. Registered . Do. d 0..... Telegr9ph to India (L., !Trust and Agency of Austrlasia (lim)ls t is. Tr.& Lp. Co. of Upr.Can. K'dom Tel. Co. (lim.) iVan Diemen'o L 444 101} L 25 415} 1001/ 9n 10 12t f I RAILWAYS 61 6; # I P 11 12 I 4} 4 23 4 1 p a 10 101 8 fi 20 21 89 40 8 10 8h"1 42i 43 53 65 31 21 1 12 15 9 81 81 et pr fpm 22ip 8i t9i 71 10 jll 22 23 ES. 4 f 1 2 31 33 400 410 62 65 30 31 10} It 2 21 14 l6 4 41 64 7 II la 39 41 2 24 43 15 10 10} 5 d * pm } 31 3f 71 a 42 44 i 320 >3O 24 3 X 74 1024 1074 30 1i 2 81 of 124 134 39 41 285 245 95 100 65 75 11 2 10 11 15 16 18i 194 152 i I Si i 61 9 i 6k 20 k 3.9.3 ?.14.6 3.0.0 7.7.0 661 178 6.15.0 8.12 4.14 1.12.(' 94 , 4.3.0 12:3 2.0.0 2.2 9 1k 10.6.7 5.11.6 all 18.1R.V, 2719.1 1 13 s Stll master would •be considered duly paid only when he re ceived from the managers three times the value of his pre sent augmentation ; and that he should have the first lien on the capitation money granted to the managers. In pro posing these modifications, they had been making some con cession to the reason, and in some degree to the feelings, of those who were principally engaged in the education of the country; and he (Earl Granville) trusted that for the future, instead of doing away with the good effect of Par liamentary grants, they should be only carrying the progress of education to a still further point. (Cheers.) The Earl of DERBY said he certainly did not rise for the purpose of following his noble friend in the very clear, calm, and temperate statement he had made, but merely to ex press the belief, which he believed would be shared by their lordships, that it was highly undesirable to enter into a discussion of the modifications proposed to be introduced until time and opportunity had been allowed for their due consi deration. He (the Earl of Derby) was quite ready to say for his own part that, whatever objection he might have to many parts of this system, which had not been altogether removed by the noble earl's proposal, he yet thought that the proposed alteration was a step in the right direction. (Hear.) He hoped that whenever the subject again came on for consideration it would be discussed in the absence of anything approaching party feeling, and with an earnest desire to carry out effectually any scheme which might be suggested for the improvement of the education of the lower classes of the community. There was one point on which he was not quite sure that he understood his noble friend. He was not sure whether his noble friend had expressed his intention, notwithstanding the opinions he had given, that with regard to the training colleges there would be no alte ration with regard to the amount of assistance and support which they had hitherto had. There was another question which he wished to ask. He had not heard any statement as to the noble earl's intention with regard to requiring pupil teachers to attend a second year, as well as the first, at the training colleges. This question was a most impor tant one, not only with regard to the amount of instruction, but with respect to the supply of schoolmasters for the country at large, for the commissioners' report went on the whole to show that the amount of pupil teachers now fur nished was about equalled by the requirements of the coun try; but if they had the same number of pupils leaving the training colleges every year that they now had at the end of two, they would be doubling the number of pupil teachers, whilst they diminished their efficiency. He should be glad to know whether the Government had in any de gree reconsidered that question. He understood, also, that his noble friend intended to place on the table the revised code, and, side by side with it, the altera tions he proposed, by which means their lordships would be better able to judge of them. He would not sit down a ithout doing his noble friend the justice of saying that nothing could be more open, fair, and candid than the statement he had made, and he (the Earl of Derby) only hoped that their lordships would be enabled in their future discussions to imitate the admirable temper in which his noble friend had introduced this subject. (Hear.) Earl GRANVILLE said he must take the opportunity of expressing his acknowledgment of the fair manner in which the noble earl had dealt with the objections which had been brought to the Government scheme, and his very great satisfaction at hearing the noble earl express his hope that no party feeling would be mixed up with the discus sion of this matter. He held in his hand the revised code, in which he had marked all those passages which were new in distinction to the old; by the side of these he had placed the amendments which he now proposed should stand, by which means he hoped all would be made clear. As to the training colleges, with regard to the colleges themselves, the lecturers, the certificated assistants, and the Queen's scholars, all these would remain exactly in the same state as before. (Hear, hear.) With regard to the other point the noble earl had mentioned, he should like to take some little time for consideration. Lord EBURY, with reference to the amount of attain ments required of schoolmistresses, related an anecdote respecting a noble relative of his who had made inquiries respecting the appointment of a schoolmistress, and after having stated her qualifications, which were deemed insuf ficient, the only concession he could obtain was that a knowledge of the Latin roots of all the words might be dis pensed with. (Laughter.) Earl GRANVILLE said his own feelings was that it was impossible for a teacher to learn too much, if he learnt it all perfectly well. (Hear, hear.) But there was great disadvantage in the teacher having a smattering of a large uumber of subjects without being master of one. (Hear.) Lord LYTTELTON, who had placed on the paper a string of resolutions offering objection to the revised code, said that the noble lord had in a great measure taken the wind out of the sails by the elaborate statements he had just made. He (Lord Lyttelton) need scarcely say that he had placed these resolutions on the paper only pro forma, and had no intention of using them in their present shape. It was quite clear, at the same time, that the noble earl's concessions would not satisfy all the objections he enter tained to the revised code. He did not wish to prejudice the question further, but in the event of objections similar to those he felt not being brought forward by some other noble lord, or right rev. prelate, he should certainly bring forward his view of the subject again, and possibly early in the Beat month. Their lordships then adjourned. HOUSE OF COMMONS—YESTERDAY. The SPEAKER took the chair at four o'clock. THE REVISED CODE OF EDUCATION. Several petitions were presented from different parts of the country, and several learned and corporate bodies, praying for a regulation or modification of the Revised Code. NEW WRIT—IRISH LORD OF THE TREASURY. On the motion of Mr. BRAND, a new writ was ordered for the election of a Knight of the Shire for the borough of Longford, in the room of Colonel Luke White, who had accepted office as one of her Majesty's Commissioners of Treasury. EAST INDIA (GODAVERY) BILL. Mr. J. B. SMITH moved an address for copy of the minutes and correspondence of the Secretary of State for India, the Governor General of India, and the Go vernors of Madras, relating to the opening up of the navigation of the River Godavery to Berar, from the Ist day o f J an uary, 1860, to the present time; and of the re ports and correspondence of the engineers and others em ployed on the works for the same period.--Agreed to. COLONIAL AND MILITARY EXPENDITURE. Mr. A. MILLS gave notice that he would call the atten tion of the house at an early day to this subject. ACCIDENTS IN MINES. Mr. 11. B. SHERIDAN asked the Secretary of State for the Home Department whether, with reference to the recent calamitous accident at the Hattley Coalpit, he had received any information from the Inspectors of Mines with refe rence to the necessity of there being two shafts to each working mine? Sir G. GREY said that when the report of the Govern ment on this subject was ready, it would be laid on the table. THE MERCHANT SHIPPING ACT. Sir H. STRACEY inquired of the President of the Board of Trade on what day he proposed to introduce his bill to amend the Merchant Shipping Act; and whether that bill would include amendments to the present law ap plying to owners and salvors of vessels ? Mr. M. GIBSON said it was intended to give notice to morrow of the introduction of such bill, and he would endeavour to fix an early day for its being brought forward. The bill would contain some amendments in the existing law, and he trusted the alterations would meet the appro val of the house. RAILWAY ACCIDENTS. Mr. BENTINCK asked the President of the Board of Trade, whether, in consequence of the repeated recurrence of railway accidents, it was the intention of her Majesty's Government to introduce, during the present session, any measure founded on the report of the committee on railway accidents which was laid on the table of the house in the year 1858 ? Mr. M. GIBSON said it did not appear from reports received from Government inspectors on the subject of railway accidents that any new circumstances had arisen during the past year which rendered any interference with the management of railways necessary. Not withstanding that there had been two railway accidents recently, the number of accidents for 1861 had been much less than in preceeding years, although the number of miles traversed by railways amounted to 50 per cent. increase, and of travellers availing themselves of railway transit to 100 per cent. HARWICH HARBOUR. In reply to Captain JERVIS, Mr. M. GIBSON said that the Government had directed an inquiry into the subject of the prevention of the extension of sand deposit at the entrance of Harwich Harbour. At the same time, while the Government was willing to contribute towards the object of an improvement in regard to the state of the harbour, he thought that Harwich and Ipswich, which would benefit so considerably by such improvements, should contribute to the expense of any undertaking that might be considered necessary. LAW RELATING TO JOINT• STOCK COMPANIES. In reply to Mr. Alderman SALOMONS, Air. M. GIBSON said it was intended by Government to introduce a bill for the consolidation and amendment of the law relating to joint-stock companies. HER MAJESTY'S SHIP "WARRIOR." state sea to of Sir J. PAKINGTON a sked the Secretar y to the Admi ralty if there is any truth in the state ments which have appeared in the lrrnewspapersaiora, and sto whetherthebad lie w qualities will at her the h Majesty's the stysslaipv nature of any official report which has been received at the Admiralty as to the performances of that ship during the heavy gales to which she has been lately expos ed PAGET said that th e G overnment had received no official information on the su bj ect of the 'Warrior. She erd C. P arrived at Lisbon, and the captain had addre sse d a l e tt er t o t h e Comptroller of the Navy which he would read. The no ble lord read the letter, m which Captain Cochran e said, "3 ou will be g l a d to hear that we have had a continua tion of gales of wind. (Laughter.) The ship behaved very well—nothing strained —no accident. We found the main yard slightly s p rung, but we fished it at sea with i ron fishes, and it i s n , o , vi , as strong as ever." He adds, at th e end of the letter, The spring in the yard I do not con eider has anythin g to do with the straining or working of I filo ship." He (Lord C. Paget) was happy to be ar hi s tea t tiniony to the efficiency of the vessel. THE CHANCELLOR OF THE EXCHEQUER. On the motion of Mr. BRAND, a week's leave of absence was granted to the Chancellor of the Exchequer on the ground of domestic affliction. THE REVISED CODE OF EDUCATION. Mr. R. LOWE having brought up papers connected with the revised code issued by the Committee of Privy Council, and having moved that they do lie on the table, proceeded to state they contained the modifications which the Govern ment proposed to make in the recent minute, and were, as far as Government were concerned, the result of six months' controversy. The Government had paid most respectful at tention to the opinions that had been ventilated by a num ber of able gentlemen in pamphlets and in speeches,and had endeavoured to make the minute conform as far as possible to the views which experience had pointed out, Before stating the nature of the amendments which it was proposed to make it would be necessary, in order to make the matter intelligible, that he should give some explanation. He could not presume that all hon. membcrs had spent the last six months as ho had done in the perusal of pamphlets and speeches en the subject, and in order to carry the house with him as far as possible it was necessary that he should fix the exact limits of the controversy that had taken place. The objects of the Committee of Privy Council could not be better explained than by its OA a minutes. They were "to promote education amongst the children of the labouring poor." And the means it took to carry out these objects was by "giving assistance to voluntary effort." The species of voluntary effort to which it gave assistance was defined to be " schools in connection with some recognised religious denomination, or school in which, besides secular instruc tion, the Scriptures are read daily fiem the authorised ver sion." No grants were made to schools which were not open to inspection, but the inspector did not interfere with reli gious instruction, discipline, or management, beyond veri fying the conditions on which grants were made. No annual grant was made except upon the report of the inspector. It appeared therefore that the religious element underlaid the whole system, and it was only in connection with some reli gious denomination or society like the National or British and Foreign Schools that the g: ant was administered. The conditions onwhich the grant was given to Church ofE ngland echoolswas that the inspector should b 9 satisfiedwith the state of the schools generally, but in the schools of all other de nominations the inspector did not inquire at all into the re ligious instruction. By an order in council, bearing date Aug. 10, 1840, it was ordered that the inspectors of Church of England schools should be previously approved by the ,irchbishops of Canterbury and York respectively for their provinces, that they should be removable at their pleasure, end- that duplicates of their reports should be sent to them end to the bishops of their dioceses. That order was still in. full force and could not be altered except by the authority of an act of Parliament. It followed then that the inspece tors of Church of England schools, which consisted of four fifths of the whole number of schools under the administra tion of the Privy Council, did not inspect the state of reli gious instruction in the schools as inspectors of the Privy Council, but in the other character in which thej , were clothed by the order of 1840, as servants, as it were, of the two archbishops. Their report was sent to the Privy Coun cil, and if the result was not satisfactory no grant was given. The next point was as to the method in which the Government assistance was given. The assistance for the maintenance of the schools was technically called, in the language of the education department, annual grants, and they were divided into three heads. First there was the capitation grant, which was given for each child who had attended in the school 176 days and upwards. The amount. varied from 3s. to ss. for girls, and ss. to Gs. for boys, giv ing an average of ss. a head. The condition required from the school was, that 14s. a head had been already expended upon the child, and the amount of the grant under that head alone was £77,000. The division was that which consisted of certain allowances to certificated teachers, the first and most important of which was the augmentation grant which was given upon. the certificate. The Com mittee of Plis s e Council held examinations every year, at which the successful candidates received certificates, and according to the class attained those certificates had a certain money v alue capable of inc rease every five years. That value was called th e augmentation, oney and the terms on which it was given were that the mana gers of the schools should contribute twice as much, so that if the augmentation amounted to £l5, that sum would not be payable to the teacher unless the managers contributed at least£3o. These grunts were to be given in aid of the Sala ries of the teachers and a s a means o f d i stributing the grants to schools. These grants were li a bl e t o b e withheld even if the teachers were g u ilty o f no misconduct, and even if, f rom any misconduct of the manager, government aid was with drawn, the augmentation might be withheld from the teacher. There was also a grant for training pupil-teachers and teaching them to draw, and teaching them the Gaelic, and Welsh languages. These pupil-teachers were put in tha position of apprentices, who were taken into the service of the school at thirteen, and continued in it for five years, at a payment for the first year of £5, and increasing £2 10s. a year up to £2O. The whole of this payment was provided by the government, and the amount required under this head was about £300,000. The three grants together made up the wholil sum as near as possible to £550,000. The question as to the administration of this department was referred by her Majesty in the year 1858 to a royal corn. mission. That commission after three years' investigation reported in favour of the continuance of the grant upon the principles ho had enumerated. It gave the *weight of its approbation to the system of basing the instruction in this country upon assistance given by government to velum , Lary religious effort. It recommended the continuance of that part of the system which he had mentioned in speak ing of the annual grant, but recommended the total abolition of the ennual grants and the substitution of the two capitation grants, one to be paid by the government upon 140 attendances at the school being proved, and the other out of the county rates, upon an examination of the pupils. That which took place in March last year forced upon the government the consi deration as to how far they should adopt the report of the commission, and there were reasons why they considered that the matter admitted of no delay. They took the sub ject therefore into their most serious consideration, and after an investigation, with all the means at the command of the committee of council, they came to the conclusions which had been embodied in the revised code now before the public. The house was now in a condition to form an opinion as to the merits of that revised code, and he would, therefore, with their permission, state the reasons which had led the committee of council to come to the decision at which they had arrived. When these annual grants were first established it was firmly believed that they would be provisional and temporary, and if there was any doubt of that, he thought the fact was sufficiently established by the frequent motions in that house, by the appointment of a royal commission, and above all by the authority of Earl Russell, who was the leading Minister of the Crown in the House of Commons at the time when the system was ina gurated, That noble lord said he did not think it was in tended the system should pervade the whole country, but that the object was create models of teaching. He (Mr. Lowe) made these remarks because it would free him from any presumption if, in the course of his observations, he should criticise rather freely the rules of the department which was it his duty to administer. There were many things in this system excusable, defensible, and even right, if regarded from Earl Russell's point of view, b u t w hi ch were not proper when the system was to assume its final form. One other remark he would make. It was generally the practice of those who introduced a question to the house to elevate and exaggerate its importance, and to speak of the manner in which they were overwhelmed by its weight. On the contrary, he would beg the house not to over-esti mate the importance of the present question. It was not in itself of first-rate magnitude. It was not, properly speaking, of the magnitude of the educational controversy, and would really be found to turn on the simple question of the annual grant. The Government were satisfied by the reasoning of the Educational Commissioners and by the knowledge and feelings of the country, that it would not be wise or right to innovate on the foundations of this system. They had after proper con side ration loyally subscribed to the necessity of the present educational system, and he did. not think it would be right or wise to disturb it, si nce it had gained such a strong hold upon the feelings and inte rests of the country. He had heard of a man who went to call upon a friend and stayed withhina 30 years—(laughter) _-and the unexpected perpetuation of the pr esen t system been similarly remarkable. H quite ofp prepare r d r too say that the Gov er nment adopted as w the basis cee ding the present system. T hey had no wish to disturb a ny of its fundamental principles, and they were endeavour ing loyally and honourably to carry it out in the manner which they believed would insure the greatest permanency and efficiency in supplying the educational wants of the coun try. (Hear.) The first fault he found in the system, and which the commissioners had also reported, was what he would call its partiality. It was the great fault of the system that it did not pervade or permeate the whole country, It left too much to spontaneous education, the consequence of which was that the foundation schools were rather regulated by the wealth and public spirit of the persons inhabiting the locality, than by the number of its population. He would state a few facts to show this, and which might suggest the kind of remedy to be ;proposed. The number of schools assisted by the Privy Council was, at the time the com mission reported, G,807; whereas the number of those not assisted by the Privy Council was 15,952. But although the number of unassisted schools was greater, the number of scholars was much smaller. The number of pupils in the assisted schools, which formed a proportion of only on9-halnf of the whole, was 917,000, while the number of pupdf!l the unassisted schools was only 654,000. If they wyPt oe . fur ther and extended their view to the number of children d they the class for whose education they wished to Pr ru i r five.. would find the proportion stood something ls ss which it was Privy Council, and five-ninths were it ! schools which Four-ninths of them were in schools not li e ke i into con the avowed object of the council to assist.i sewn, that in the sideration the facts reported by the co i ° ted by the and cipher, the n were of the Privy Councilonl o y n were thoroughly taught to read, write, the schools which the found the mortifying resultthat i a different dioceses, populations Privy Council desired to assist ol only renoteu: h one-ninth of e tchhei chil dren effective education. Further than including 359 such parishes, there were only actually received an that, he found on eta6itoho,:h3oe s f u ol e l h ow p i a n r g is r h e e s s u , l t t h s e : re l n the were only n i o l C2SO of Oxford, es tion with the Privy Council. In the numbering fo l rd ess in th e 24 schools m conn diocese of Devonshire th 2 5 • , 4 parishes, there were only t th P • tte.SCIIIOneISCI connecte d rivy Counc i l, Aioraetshire )ara calf hat na oh- ;OIL- ney, 1 for p ro- Lade )rth •- ither lg. ,and ig. from ig. )oof ; from )..- r at or 1 To / .t h° at() vt irY boe 3 !caci 1 0 tO ~,, for 100 Btk 20a 204 10 17i stock stock 100 100 100 100 stock 100 100 100 100 100 100 stock stock stock