The Sun. — London, England, 1859-08-02 00:00:00

3IONEF 3141?1CE7' AND CITY NEWS. CITY, Two O'CLOCK. The Foreign and Colonial Produce Markets during the last few days have exhibited little va riation of importance as regards prices. In some of the principal staples a moderate business has been transacted. Tea has continued exceedingly firm, owing to the falling off in the shipments, as announced in the advices by the overland mail. British plantation sugar has been in fair demand at about former prices, chiefly, however, for home C onsumption. The inquiry for native Ceylon coffee on export account has been rather active and full rates have been realised. Rice has been dull, and the few transactions recorded have been at former quotations. Spices and saltpetre have exhibited no material change, the high rates asked by holders of the latter article preventing extensive transactions. The tallow market has been rather more active, and the speculative dealings for forward delivery have been numerous, prices generally exhibiting an nPWard tendency. More inquiries formoney are now experienced, the applications both in Lombard-street and at the B ank of England having increased within the last two or three days. The rates of discount tend up- W ards, but no positive alteration can yet be an nounced, and if the demand should subside, after the payments of the 4th of the Month, less firmness may be again experienced. The immediate requirements of the' Indian authorities, viz., £7,000,000, may not exercise a very important influence, for money is abundant, althou g h t h e public seem d i s i ncl i ned to employ it in s peculative enterprise. The Indian Budget has treated no surprise, as it merely verifies the esti mates previously formed of the assistance that Would be required to provide for the current! financial year. In the Liverpool Cotton Market yesterday busi ness was very dull, and, prices remained without ?iteration. The sales were estimated at 8,000 bales. The Railway Share Market continued quiet, and prices heavy. There were no bullion operations of importance at the Bank of England yesterday. The gold by t he Asia from New York, viz., £Bl,OOO has been taken for the Continent. There was a meeting of the Northern Counties I nien Railway Company to-day, when a further division of ls. 4d. per share from the assets on hand, Was proposed, and agreed to unanimously. Decreased firmness has been apparent in the market for Public Securities to-day. Notwith standing. the unfavourable Indian financial state talent) business continues dull, b u t a few purchases ' L ave been effected, which, together with the im provement on the Paris Bourse, have exercised a beneficial influence. Consols are 941 95 for money 4 1 , 4 d account, and the tend enc y i s f avoura bl e . Bank Stock is steady at 2211 to 223 ; th e N ew Threes are firm at 951 ; the Reduced, at 94i to I N; and the New 21 per Cents. at 791. India s tock is flat at 219 ; ditto Loan Debentures, 1858, h ave receded to 94; and Exchequer Bills to 30s. Prem. Only a very moderate business is recorded in oreign Securities ; prices, however, are well sup- Ported. Turkish 6 per Cents. are 811 to 821 ; di tto New Loan, 71 to 72 ; and the 4 per Cents. are Marked 102 to 1021 ex div. ; Austrian 5 per A Ceots. (1859), 75; ditto (10 florins), 65; Belgian Per Cents. have advanced to 99; but Dutch 4 Per Cents, are flat at 1001 ; and Russian 41 per ' e etl3. at 981. . I. _ ll l the Rail wa y Sh are M ar k e t th e d ea li ngs h ave been limited. In one or two instances, however, al ight adva nce h as t a k en pl ace , b u t th e t one of th ei mark e t genera ll y appears h eav y. S ou th aB tero have improved 5s , and Great Northern and eat Western, 10s. ; South Western and de Mid declined ss. ; Caledonians, 10s., and London slid Blaekwall, £1; Bristol and Exeter, Brighton, or % Stafford and one or two others are at former Quotations. tte T he Forei gn un d er t a ki ngs ha v e b een ver y in , t h r e, with late alteration to record in values. '3/41steltbardoVeneti an Old Sh ares rea li se d 101, an d th e 104 101 and Paris and Lyons are flat at 341. In the Colonial Market, East Indian have im- Il tved 108. to' 15s. Great Indian Peninsula de tied 10s. and Grand Trunk of Canada and Great wes tern of Canada brought former rates. Joint Stock Bank and Miscellaneous Shares are a ailuade firmer. City Bank have advanced 10s., and ni " of Australia ss. General Steam Navigation Colight 251 Madras Irrigation, 1 1 Great Ship 4 . light was 1 discount, and Royal Mail Steam "'se to 499. Bank St BRITISH ock FUNDS—CLOSING PRICES. 2213 a , Per Cent. Reduced Annuities 94i 5% ....* Per Cent, Consols Annuities Ne w 3 per Cent. Annuities Ne w 21 per Cent. Annuities India Stock 219 21 Ditto Debentures, 1858 .. .• 3 d .. . . ...... Console for Accounts (Aug. • 9) 941 i Di l %xeliequer Bills , £l,OOO, 11d, 27 tto £500 FOREIGN FUNDS--CLOSING PRICES. Austrian Bonds, 5 per Cent. Ditto 1809, 5 per Cent. Portuguese, 1853, 3 per Cent. Ditto 3 per Cent., 1856, 7, and 9 R ussian, 1822, £ St., 5 per Cent — Ditto 41 per Cent. 3 Panisb. 3 per Cent — Ditto Account Ilir ki°ll 6 per Cent .. Ditto Account Ditto Account Ditto Ditto 72 i 11 Guaranteed, 4 per Cent. ' lO2 1/2 x d D ividends on the above payable in London.. P renc h_ . Rentes, 4% p er C ent. Ex. 25f Ditto 3 per Cent. Ex. 25f. Austrian 10 Fl, 5 per Cent 65 Belgi an, 99 ' 4l per Cent., Ex. 25f butch Exchange, 12 Gun. 21 per Cent 6O Ditto Certificates, 4 per Cent. THREE O'CLOCK. Console, Money 941 Ditto Account CANADA AND THE UNITED STATES, LIVERPOOL, AUG. 2. The Hun gar i an h as arrived from Quebec with advices to the 23d, and from New York, by tele graph via Father Point, to the 23d. On the 23d spoke the screw steamship North Briton, bound up ; on the 26th a screw steamer, supposed to be the John Bell, from Glasgow for Quebec. The Africa, hence, arrived at New - York early on the morning of the 21st ult. NEW YORK, JULY 23. The steamer Etna left last night for Liverpool, *with 214,000 dols. in specie. The Arago and Weser sailed to-day for South ampton, the former with 758,140 dolla rs , an d th e latter with 63,000 dols. The steamer Quaker City arrived here to-day, with late d a t es f rom H avanna h . J ust b efore she left a telegraphic despatch reached Havannah announcing a large fire in Cienfuegos, which had destr o y e d the warehouses of Avila and Leblanc and Thomas Jerry, together with 6,000 hhds. of mus covado sugar. Our stock market to-day has been lower and fair heav y Money un c h ange d. C o tt on i s fi rm an d i n demend at an improvement during the three I Y B of lc. to 4c. per lb. Midling Uplands, 12c. _ lour is unsettled, and has fallen 30c. to 40c. per Parrel in the l as t t wo d ays. Wheat also is decidedly lower. Corn has fallen to,Boc. to 84c. for mixed. The American accounts from Mexico by the Asia seem to furnish another illustration of the kind of allega tions that can be palmed off upon the people of New York regarding politi,:al proceedings in that country. The 41 , 0 00,000 o f spec i e i ntercepted by General Robles on its 'way to the coast, but subsequently released, is stated to have been saved only by the interference of Mr. M'Lane, the American Minister, Robles having received peremptory orders from Miramon a few hours later, backed by Mr. Otway and also by M. Gabriac, the French Minister not to allow it to proceed. It is believed that Mr. Otway, who is ,coming home, has m uc h t o answer for, but it is not likely he would have assumed the responsibility of endorsing the orders of Miramon wifh regard to treasure consigned to British merchants. A judgeship in the Dublin Court of Bankruptcy has become vacant by the death of the Hon. Patrick Plunket, one of the numerous sons of the late Lord Plunket, who expired yesterday at Kingstown in the 60th Year of his age . H e succee d e d his colleague, Mr. Macan, but a few weeks, and wanted but a year of service to en title him to his full retiring pension. SHOCKING OUTRAGE AT SHEFFIELD. ---Tuesday Morning. —About 10 o'clock last night James Linley, saw. grißder, was shot while sitting at the Crown Inn, Scotland street. Th e b a ll entered his left temple, and lodged behind the eye. He is expected to die. Linley has previously been shot at, and attempts have been made to blo w up h is house, and he has now no doubt been shot for To fusing to join the Saw-grinders' Union. LINES LEASED AT FIXED RENTALS._ Th .,,, 4 ! Leasing I Closing Business Railways. -.,,'" , Co.'s. Price. Done. Bedford and Bletchleyl all Ln& N.W .. .. Buckinghamshire 1100 Ln& N W 98 100 Clydesdale Junction, . 100 Caledonin 102 104 Colchester, Stour Val. all E.U.&E C 161 171 E.Lincolnshire,g.6p.c. 100 Gt. North. 139 141 E Union,HarwichShs. all E.Counts. Do. Woodbridge .. . 100 - Gls.Barr.&Neils,Drct. 100 Caledonin Do. New lOO Do. — Gloster& Dean Forest all Gt. West. Hartlpool.Dck.&Rail. all Yk.N.&Br Hull and Selby Do. 1 Shares all Do. — Do. 1 Shares all Do. -- London &Greenwich Do. Preference Lon.,Tilby.&Soutend lOO Peto &Co. 92 94 Do. Barking Shares all Do. Lowestoft, gua. 4p. ct lOO Norfolk.. --- Do. 6 per cent lOO Do. Manc.,Buxtn. &Matk. all LN W&3l 21 21 Midsb.&Reder,g.6p.e. all Stk.& Da , .. Mid.BradfordPrf. Stk. 100 Midland . 98 100 981 Newmarkt.,BuryEx 1 s.s.6.guaranteed 5 p. c. Northn. & Eastn. 5 p.c. a 5 1 .1 ,6. Do. E.Counts. ti 57 59 Do. do. 6 per cent.. all Do. Do. Fixed 5 per . cent. all Do. 1 & L&N W Preston and Wype. f all L y k. 1— pm Do. 1 Shares A. all Do. — Roystn,Hitch.,& Shep 100 Gt. North. 138 140 Shf.Roth.&Gol.g.sp.c. 1811 6 Lan.& Yk Shrowsbry& Hereford all T Brassey 91 10 91 South Staffordshire .. all M'Clean . 101 11 Wear Valley, g. 6p. c. all nk.& Dar Do. do. Wilts and Somerset lOO Gt. West. l 90 92 Wimbledon& Croydn all L.&Brgtn 8 9 1 DOCKS. Share I Closing Buessins Docks. Paid Done. Price. ---. Stock Corrunercial I Stock Do 4 perCent.Pref Min ll2 Stock East and West India lOO 119, Stock London . .. Stock ,St. Rath a r London.... ********* 100 71 Stock Southampton ************ 1 1 2 83 I Stock !Victoria ********* - - -- 100 100 102 lO2 %) Do New .. 18 I = Share Railways. (Paid. Closing I Business ` Price. Done. SHARE MARKET.-( THIS DAY.) ORDINARY SHARES AND STOCKS. Railways. F " . Closing I Justness Price. Amberff., Notting. Bost. I and Eastern Jupintion Belfast and Balitmena.. Bir., Wol., and 6tr.Val. Birk., Lane., and Chesh. 5; 6i 7i 8i Junction Blackburn Blyth and Tyne Bristol and Exeter Caledonian 100 all all 100 100 100 71 73 11i 12i 97 99 83 83i Chester and Holyhead Cork and Bandon Cork, Blkrock,&Passage Cornwall Do. A (A rcves. no thy Do B until6p.c.per an ' hasbeen pd.toß Dublin andßelfast June Dun.,Perth,& Abr.Junc East Anglian Eastern Counties Eastern Union A Stock Do. do. B Stock 41 64 8 9 14i lsi 58 59 40 43 27 29 Do.Nw.A.(lte.E.l.T3ds) East Kent East Lancashire East Suffolk Do Edinburg and Glasgow Edin.,Perth, & Dundee Forth & Clyde Junction Furness Glasgow & South Westn Great North of Scotland Great Northern Do. do. A Stock Do. do. B Stock Gt. South.& Wstn.(lreld) Great Western Do. S tr.Vl. Rail Gua. Stk Irish South Eastern Lancaster and Carlisle Do. Thirds Do. New Thirds Lancashire & Yorkshire Do. do. F £l6 Do. do. £9 shares Do. • West Riding Union Do. Southport London and Blackwall Do.Newiss.at £slosp.sh Lon.,Brighton &S.Coast & London North Westn Do. Eighths London& South-Westn L'derry & Coleraine L'derry & Enniskillen Man., Shef., & Lincoln Metropolitan Midland Do. Birming. & Derby Mid; Gt. West. (Ireland) Do. Shares Newcastle and Carlisle New., Aber., & Herefd Newry & Armagh (def ) Newry, Warpt., & Boa Norfolk North. Counties Union North British Nor.Dev.Rail.&Dk. Stk Do.A Stk.— Arec.no div until 6p.c.hasbeenpdß Do. B Stock North -E astn.--Berwick Do. do. G.N.E.Purchase Do. Leeds Do. York North London N. &S.Westn., Hampstd and City Junction North Staffordshire North-Western No. & Sou. W. Junction Oxford, Wor.,& Wolver Peebles Portsmouth Rhymney Scottish Central Scoth. N.E., Aber. Stock Do. Scottish Mid. Stock Shropshire Union Sittingbourne & Sheer South Devon South-Eastern South Wales SouthYorks.&Riv.Dun Do. do Staines, Wok., & Wok Stockton & Darlington Do. do. 1855 Do. do. 1858 Stockton & llartlepool Taff Vale Do. Preference, No. 1 ThamesHavenDk&Rall Vale of Neath Waterford & Kilkenny Waterford & Limerick West Cornwall W-end Lon. & Cry. Pal ,Do.A.—Arecv.nodiv.till 7 p.c. has been pd. to B Do. B I West London Do. Ist Class IDo. 2d Class On 8 83 2} 271 15i 15 Share Stock Stock COLONIAL GOVER: 41. —P lf 1d f 1 413 2 2i 25 P gi d 611 61 2if 2&pl 8 81 184 19 3ti 37 - 9 1 - 0 P 34/ 1 35} 53 b 5 2} li d 6 84 84 9/ 20 21 54 8 _ A 24 MENT SECURITIES. Share Securities. Pau Closing Business Prices. Done. Can.Gov.6 p.c Ja. & July 100 112 113 1124 Do. 6p.c.n.&Auer. 100 110 112 Do. • 6p.c.111r.& Sep. 100 113 115 --N.8.G0v.6 p.c. Ja. &Ju y 10C 108 109 109 Do. 6p.c.Ap.& Oct. 100 -- -- N. S.W. Gov. sp. c. Deb. 106 984 994 NovaScoldaGov.6 p.c. Deb. redeemable, 1875 100 109 110 1094 9 S.Aus.Gt.6pc.Jan&July 100 108 110 Vict•Gov.6p.c.Jan&July 100 MISCELLA/iEOUS. Miscellaneous. C losin g business done Paid. price. Anglo-Mexican Mint Atlantic Tel. (Limited) Australian Agricultural Australian Royal Mail . Berlin Water Works Do New, issued at £5 dis British American Land Brit. & Irish Mag.Tel.A. Do. B, 7 p. c. till 1862 Do. C. Canada Land Chan.lslands Tel.(Lim ) Cop. Min .01 Eng. &Smltg Do. Preference 7. per ct Crystal Palace. Do. Preference Eastern Steam Electric Telegraph Eng. & Aust. Cop.St.Co Europ. & Ind.Junct.Tel Europ.&Am.Stm.(Lim.) Gl.lron ScrewCol.(Lim Gen. Steam Navigation London Discount Lond.Gen. Omnibus Co. Mediter. Electric Teleg. Med. Exten. Tel. (Lim.) National Discount Co Netherlands Land Do do Do 8 p.c.Pref.,lss.at idis. N.EntiNovaScotiaLand N.B.Australasian (Lim ) North of Europe Steam Oriental Gas Do. New Shares Peel River Land & Min Pen. & Oriental Steam Do. New Red Sea & Ind. Telegr Rhymney Iron Do. New Royal Mail Steam Scot.Austrin.lnv.(Lim ) South Australian Land Submarine Teleg. Scrip Do. do Registered !Tr. & Ln. Co. ot Upr. Can. V.n Lit,A 13 14 220 260 27i 28} 28 I i i 2 3 36 38 19 21 13 15 110 116 8 9 24 25 1 g 1105 108 P 1 11 1 1 1 11 5 8 ii 1/ d i I all all all 15s. all all 1 k I 1 dr 24 2 4 76 77 9 11 1 P 214 224 , 6 7 49 51 125 135 - 35 37 11. 2O I 491 10 49 14 16 93 95 Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock 16 1 1 1613 4 Stock Stock Stock Stock 12 Stock Stock Stock Stock, Stocki Stock Stock Stock Stock Stock Stock) !Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock, Stock Stock Stock Stock all 100 3i 100 100 100 100 100 1613 4 100 100 100 724 73i 251 26 92 93 loi 101 102 104 82 84 130 132 106 108 58 59 55 60 85 90 11 12 p 11 12 p 941 941 d 65 67 109 111 93i 9-1 i If _1 a of 95 5 7 35 86 7031 104 78 80 9 11 59 61 31, II d 56i 67i 91} Olt 1 id 45 48 731 74; 1101 103 58 i i I i P 28 942 2 6.5 i 1094 94 i 941 i 103 91} 44! 74 3 I £3 Is, 17i all all 100 all 4 41 d 13 14i 8 8 31 32 16 100 100 100 100 all all all all all all all all 8 5 110 112 mi 80 82 45 47 3i d 42 44 73 73} 62 64 60 65 8 11 38} 373 68 72 74 3 i 7i 74 1 :-. :: PREFERENCE SHARES. Share Railways. P r ice Pr ice. Business Done. 25 Blythe and Tyne lf per c. pref. (issued at 250) Stk Bris. & Exet.4p.ct.Stock 20 Do. do. do'. Shares Lock Caledon 210,48 per cent 12.10 Do. Quar. Shares, No. 2. Stock Chester & Holyhd, 5} pc Stock Do. do. 5 p. ct . StotCork & Bandon, 5i p. c. Dun. Perth, & Aber.Jun. E.Angn. Class A 7 & spc Stock Do. do. Class B 6 pc Stock Do. do. Class C 7 pc Stock E. Coun. Ex. 5 pct.N . o.l StockiDo. do No .2 Stock Stock Stock Stock Do. New 6 per ct. Stock Eastern Union, 4 per ct. East Lane. 6 per et E.& W. York. Jcn. fifths Edin.&Glas. 5 pc shares Edin. Perth,& Dun. 4 pc. Furness, 5 per cent Glas. &S West a. spc Great Northern, 5 p. et Do. 5 pc Redm.,lop.c.pm Do. 44 p. e. do. do. Do.sp.c. R edm.,s pc. pm Gt. Nh. of Scotld, ist pf Gt. Sn. & W (Ireland) 4 p. ct. pref. Stock rest West. (Berks and Hants) Ext. 5 p.ct. Do. Redeemable, 44 p ct. Do. Redeemable, 4 p. ct. Do. Irredeemable, do. . Do. 5 p. ot. Red cern. Pref. Do. Birm. Pref. Shares Gt. West. Ches. 8 p.o.pf shares Do. do. 5 p. et. pref Do Birming. guar. stock Do. Chester guanshares Do. do. do Do. do. do. ....... Lan. & York 6 p.. stock L on .&Brig.spc. gu. No.l 'Do. pref., p. c. ...No. 2 Do. New gua., 6 p• et. • • Do. do. 5 p. c ...... No. 4 Lon.&N.W.Cov. &Nun eaon, 5 p. ct. Lon t .&S. W, 7 p.ct. stock, late 3d shares Londondy & Cole, . shs. ILondondy.& Ennis sh. Man.,Sh., & Lin., 6 p. ct Stock 261. Stock Stock Stock Stock Stock Stock' Stock' 12 12 Stock Stock' 12i 12 Stock Stock Stock Stock! Stock Stock Stock Stock Stock Stock Stock Stock Stock Do. £6 Do. 31 per cent. Maryport & Car., 4 p.c. Do. 4 per cent all 1 100 ' 6 100 100 100 100 all Do. Mid. Con. 6 p. c. Stock . Do.Con.Bris.&Bir.6p.ct. Do. 44 p. c. pref. stock.. Do. with option till 1860 Do. Leie. & Hit.pref. st. Newport,Aber,&c. pret.s p. c. redeem, at 5 p.c. m Do. Perpet, 6 p. c. with option till 1866 Norfolk Deb. 4 p.c. shares Do. 6 p. c. Ext. Stock,lB46 Do. 54 p. c. Pref. do. 1847 Do. Way.Val.Ex.Sk 1847 North British, 5 per cent Do. New, gua. 5 per cent Nth.Dev.Rail.& Dsk.Co. N-East. irred. 4 p.c. Deb. Do. Berwick, 4 p. 0. Pref. Do. do. do. Do. Leeds, 6 p. c. No. 1. Do. do. Quarters, 1846 Bo York , H & S. Purch. • North Staffordshire . ox. wr. & Wol. 6pa 1 s . t . g Do. do . do., 2d gua. Do. 44 p.c. Db. stk.in perp Scottish Central, new pi Scottish N.-Eastern deb Do. 34 per c. pref. stock Do. Aberdeen. gua. 6 pc. Do. 7 p. c. pref. stock. South Devon, Ann. 10s. Do. Fixed 44 per cent. South Eastern (Reading Ann., 1.0 6 ) Do .44 per cent Do. Fixed 44 p.c. Ist is Do. New do., 2d issue South Wales, gua. 4 p.c Do. 44 per cent S.-Yorkshire, 4 p.c. gua , ,Stockton and Dar. 5 p.e Do. 6 per cent Waterford & Kilkenny, 6 per cent. Stock) Stock Stock Ste% Stock Stock Stock 10s. 1.0.6. Stock Stock Stock Stock Stock all 100 10t, 100 100 100 100 100 100 100 8.13.4. 251 255 1 Stock 49 51 95 97 1103 105 5f 51 99 101 112 117 107 111 114 116 113 115 129 131 81 83 112 114 119 121 110 112 105 107 84 80 11 114 94 96 86 ES 87 89 100 102 94 104 17 18 10 104 74 76 194 204 9 10} 144 15 130 141 1158 162 8 9 120 123 8 IP 66 68 139 141 104 106 P 94 96 gi. 10 11,1 11i 110 112 107 107 98 100 1 1 iPI li 1 22i 2dJ, 123 125 123 125 99 101 72 74 120 124 118 122 10 11 231 241 103 105 103 105 29 30 34 ,36 47 53 THE SUN, LONDON, TUESDAY EVENING, AUGUST 2,185 g. BRITISH POSSESSIONS. [CO is 18 Atlantic & St ;,awrence Leased at 6 per cent.. Bom.,Baroda&Cent.lnd g . 5 percent Do. Addit. Capital A Do. Do. B Buffalo and Lake Huron Do. New Buffalo,Brant&Godrich 6 p. ct. bds. 1 Aug., 1872 Do. do. 1 July, 1873 Do. do. 1 June, 1874 Clcutta.&S.Eastrn.Lim. Cape, E astn. Prov. (Lim.) Cape Town & Dock Scrip Central Oude (Limited) Ceylon Guaranteed 6p.c Demerara Eastern Bcngal.gu.sp.c. East Indian, gu. 5 p. c Do. C Shares Do. F Shares Ext Do. Jubbulpore D 0.44 p.c. Bds. pay.'s9 G eelong& Mel. gua.s p. c. Geelong Corporation 6 per cent. Bonds Grand Trunk of Canada Do. 6 p.c. Deben.,pay.'7B Do. 6 per cent. Pref GLlndial'enin.gua.sp.e Do. New, gua.s per cent Do. do Gt. S. of Ind Lim.—Scrip guaranteed 5 per cent. Gt.W. of Canada Shares Do. New Do. Bonds pay. '76,with ept. till '6O Do. do. '73 till '6O Do. do. '73 without opt Do. 54 p. c. do. '77 do Madras, guar., 44 p. Do. do. 5 per cent. Do. 41 p. c. Extension Do. Third Ex. gua.s.p.c Do. Fourth do. Melb. Corp. S p.c. Bonds Newßrunsw'ick&Canda. Ry.&Land(Lim.)g.6pc Class ACapitl. Share Do. do. Land do. Do. do. B. Capital do Do. do. Land do Northoflndia Tramroad Limited, Scrip Oude (Limited) Scinde • 41 Do. 4ag Do. New Do. Punjaub Do. Indus. St. Flo. bz„;" St. Andrews & Quebec A Trinidad(Limited) Scrip FOREIGN RAIL Antwerp & Rotterdam Ardennes Bah. & S.Fran.,Lim.7p.c Belgian East. Junction IBeziers to Graissessao Carmeaux Mine & Rail Dutch Rhenish Eastern of France Euphrates Valley Great Central of France Gt. Luxem., Con. shs Italian Junction Lake Constance & Bale Lierre and Turnhout Lombardo Venetian Lucca & Pistoj a, 5 p. c.pf Lyons and Geneva Maria Antonia Do. do. New Namur and Liege Do. do. 6 p. c. Pref Northern of France Do. New Shares Norwegian Trunk Pref Ottoman, zu a. 6 per cent Paris,Lyons, and Medit. Paris and Orleans Recife& S. Fran. (Pere ) qua. 7 p. ct. /Lim.) Riga and Dunaburg Rome and Frascati Royal Danish Royal Swedish Do. 7 per cent. Pref. Sambre and Meuse Do. 54 per cent. Pref Southern of France West Flanders Do. 54 p. c. Preference W. & N.W. of France Western of Austria Western of Switzerland Wiesbaden Do 8 per cent. Pref Zealand 79 81 ISO 16 17 116 t If d I 4 1 4 d d 71 5 5 6id id i p 11 ial ii a d 97 98 , 981 991 19 20 32 34 71 73 91 93 944 95} 1 1 d a id 14 144 64 6 d 102 104 102 104 101 103 97 100 85 90 88 92 id - -0 - --al -d -d 19 20 d 11 lid 1 1 d 'AYS. BRITISH MINES. Sharer Mines. p aid. Closing Price. Business Done. Alfred Consols (Philack) 2.11.10 20 British Iron - co (camborno. 20 15 2 5 10 Devon G. Cons. (Taoist.) 1 445 455 East Bassett (Mogan). 30 Great South Toltus •• • • 17s 175 180 13 14 G.WhealAlfd.(P Rink) 11.18.8 11 -G. Wheal Vor(Elelston) 9* 2 Lady Bertha lBB 641 14 North Frances (Illogan) 9* 5 6 North Wheal Cro f ty 7 . 9 .4 7 8 - DT,Wh'l Basset (Mogan) nil. 74 84 --Par Consols (St. Blaxy) I t6 l s 11 1 13 PssirturktrheilcdlgiaseracUdononints(..s(Wmticceecodr.).) 24 240 250 —. South C. Brea( Illogan). 2 21 24 S Wheal Fran. (Mogan) 18.18.9 165 175 6 Tamar Silver and Lead Mi n ing Co 4 ,1 21 21 10 Tin Croft ... UnitedMines(Gwennap) 40 - Vale of Towey (Carm ) 12s 6d 1 West Basset (Illogan) ll 125 130 211 224 W. Caradon (Liskeard). 10 Wheal Basset (Illogan). 51 180 1 9 0 0 eal Buller (Redruth) 90 1 • Wheal Edward (Cals.). 51 11 14 Wheal Kitty (U. Lelant 1.7.2 9 10 Wh'l Mar Ann (Menke; 8 37 39 Wh'l Trelawney (Lick.) 41 25 27 FOREIGN MINES 20 Australian ....... .. # 1 Ron Accordeopper,Lim. 10s par 113 35 Brazil. Imp. (is. at £sp.) 27 1 1 0 20 Do.St.Johndelßey,Lim. 15 8 1 5 Do. Land and Mining Co. all 1 Clarendon Consols Min ing Co. of Jamaica .. • d 40 Cobra Copper al 41 43 Cepiapo l6 911 1 DunMoun.Cop.Ming.Co all 1 1 2 Fortuna 20 General all 23 25 3 Linares all 11 12 5 Lusitanian 1 Mariquita 1 New Granada all 1 N.RhineCop.of S.Aus.L 10 1 # P 20 Pontgibaud Silver, Lead Mining and Smelt all , 3 4 5 Port Philip 30 Santiago de Cuba I 114 28.2.811 Unite - Mexican - all 14 14 11 JOINT-STOCK BANKS. Shari Joint-Stock Banks. p a id . Closing BUSinelli Price Done. Agra&UnitedServiceßk Australasia Bank of Egypt Eank of London Brit. Col. Bk. & LoanCo British North American Chtd. Bank of India, &o City Colonial Corn. Bank of Canada Commercial of London Eng ' ' Scot. & Aus. Ch Gen Bk. of Switzerland Lon. Char. Bk. ofAustral. London and County London Joint Stock London & Westminster.' Nat. Prov. of England.' Do. new 100 100 20.11 100 70 72 84 85 21 22 47 49 National Bank New South Wales Orient .Bk. Corporation Ottoman Bank Provincial of Ireland Do. New 62 64 del 17 19 151 14 !South Australia . Do. New Union of Australia Do. New Union of London . Unity Mutual Western Bk of London 201 201 30 32 29 31 48 50 18 3 / 4 19 3 / 4 71 73 20, 31* 1 50_494 19k 18k --$ - 47 40 244 25 48177! i dl MAJOR _RHODES' PATENT TENTS. In our last volume we published an elaborate description of Major Rhodes' improved tents for army and other purposes, and expressed our high sense of their value. These tents having recently been brought under the notice of the authorities at the Horse Guards, the Duke of Cambridge gave directions for two of the tents to be pitched at Chat ham garrison, in order to put to a practical test the superiority of the invention over the ordinary military tents now in use by the army when encamped at Aldershot, the Curragh, Chatham, and other military stations. Two of the tents have accordingly just been erected on the grounds adjoining the Garrison Hospital at Chatham, under the personal superintendence of Major Rhodes. " During the storm and hurricane which swept over Chatham on Wednesday night," says the Times' Chatham correspondent, " they were found to be in every respect superior to the ordi nary tents erected near the same spot After the tent had been fixed on Wednesday after noon, ten of the portable bedsteads from the hos pital were moved into it, and as many patients di rected to take possession of them. Notwithstand• ing the tremendous storm which raged early yes terday morning, not the slightest inconvenience was experienced by the inmates, who slept as dry as in an ordinary room, while many•of the other tents admitted the water, which poured in as through a sieve. Major Rhodes' hospital tent can be pitched by eight men in 12 minutes ; and, whereas in the present tents there are about 150 pegs and 70 ropes to each, the new invention has only about 40 pegs and 12 ropes to secure it, there being no necessity for the men to turn out in the rain during the night to slack' the ropes as with the present tents—a serious matter when that duty has to be performed by sick patients." The advantages of Major Rhodes' tents over those of the Government may be briefly noticed. His hospital tent weighs about 1121bs. less than the Government hospital•marquee, and its cost sis about £3 under the Government contract price. The ventilation is most efficient, and subject to the control of the medical - officer—impervious to wet, and the strong rays of the sun—can be pitched in 12 minutes by eight men. The Hanove rian Government (who have practically tested this tent) pronounce that Rhodes' hospital tent affords the best shelter hitherto obtained in camp hospitals, &c. The price of a Government hospital marquee, 30 feet wide by 141 feet, and 14 feet in height, is from £33 to £35, and weighs (in three packages) from 5071b5. to 6521b5. (the latter weight includes 4 ground sheets.) It affords accommoda tion for from 18 to 20 patients. Major Rhodes's 20- feet diameter field-tent costs £24, viz., about £l2 cheaper, and weighs (in 2 packages) 2301 b., viz. 277 lbs. less than the Government hospital marquee. It offers accommodation for from 18 to 20 patients. Two of Major Rhodes's 20-feet diameter field tents can be pitched by 4 men (in about 8 minutes for each tent), on about the same space of ground as is requi site for only one Government hospital-marquee ; and further, from 10 to 14 men require from 15 to 20 minutes to pitch the latter , tent. Major Rhodes' tent provides detached accommodation for 24 rifles, 24 sets of accoutrements, and 24 knapsacks, with a perfect system of ventilation ; in which very important points the Governmtnt hospital marquee is deficient. Irrespective of cost, &c., it results that by adopting Major Rhodes's tents into the service, healthy shelter can be provided for about 45 men, allowing the same amount of transport as is at pre sent necessary for conveying only one Government hospital marquee, which latter only affords accom• modation for 20 men ; thus showing a clear saving of more than one hundred per cent. in cost of trans port, which with an army in the field, would be a very great relief to the Commissariat Department. We now learn that the officers appointed to ex amine Major Rhodes's tents at Chatham are about to report most strongly in their favour to the Com mander-in-Chief.-11fechanicsMagazine. . [P.S.—We are glad to hear that the merits of Major Rhodes's invention has already met with the approbation and patronage of one of our ablest scientific men, viz., Professor Doctor Tyndall, F.R.S., &c., who has ordered one of Major Rhodes's " Guard tents," for the purpose of taking with him to the top of Mont-Blanc, where a scientific mission is about to assemble. We trust that the results of scientific research will amply repay the learned Professor, and that his report will bear favourably on Major Rhodes's invention.—ED.] " THE LONDON," FLEET-STREET. One of the personal greivances of the present day is found in the continual complaints that are made against hotel-keepers in their unreasonable and extravagant charges. It is a reality in which we can fully sympathise, inasmuch, as travel where you will, locate ourselves at the best hotels, or at the " Commercial and Sporting Houses," the nume rous items for accommodation and refreshments (no matter how humble and unpretending they may be) make a grievous onslaught on our pecuniary resources. The charge varies in direct proportion to the definition of the meal. There is the break fast, with or without ham and eggs, or meat. The lunch, which is usually, with the omission of vege tables, a shade removed from the substantials of dinner ; but the charges for these respective re pasts seem to depend upon the fact of whether one or both are taken on the same day, and whether you happen to be an occasional or regular frequen ter of the house. Waiters, as well as landlords, have a shrewd recollection of the physiognomy of their customers, and the former has an infallible me mory on the point whether or not you gave him a don ceurin addition to the payment of the usual charges in your bill for attendance. These are some of the reminiscences of a traveller's life, fraught with a fair admixture of pain and pleasure. A little trip from home is always an agreeable variety and episode in the ordinary avocations of daily life, and we can recount with much pleasure all the inci dents of some enjoyable excursion, but the wasted exchequer has too often proved that if you would save your money you must no t l ea ve your home. Nevertheless, business will frequently call all classes from home, and London in England is gene rally the central spot for business negotiations, whether they partake of the professional, the plea. surable, or the commercial. Now a great de sideratum in London, to meet the requisites of these three respective classes of travellers, is a good home, where luncheon and dinner can be supplied with every comfort, and in all abunchnce, on terms commensurate with their own views. Nor is this desideratum only to travellers or visitors from the country. Those also who reside in London, and whose avocations keep them so much from home need such a restaurant as we have de scribed. In cur inns of court especially, how truly is appreciated some neighbouring hostelry, where the cravings of an excited appetite can be supplied with all the details of celerity, cleanliness, comfort, and substantiality, near to their own chambers. Now "The London," a -well-established restaurant in Fleet-street, at the corner of Chancery-lane, answers its every every department such will iil be found nthe thosepublic, in conve niences and desiderata which will sati sf y most fastidious and suit the most economical. the Daily, at one o'clock, there are hot joints in every variety of meats,where either a substantial luncheon or an equally substantial dinner can be obtained — inclusive of all extras except wine, spirits, and beer, and at the small charge of is. 6d. each person ; and where " The London" dinner for 2s. 6d. chal lenges in vain a rival for its excellency and cost. The same routine is observed throughout the re mainder of the day, up to nine o'clock p.m., prices only varying in accordance with the expensive or ordinarycost of the viands which may be ordered. There is th e b est c l ass o f a ll ki n d s o f a l es and p,and remunerative these a tn o s e ale charges but wb i e a h t iwtsh wines,heiicrwhich ee requires liser w tnel regulates, not West-end, but ,City houses. The sy li ce i n c , h the proprietor (Mr. Sawyer) celebrated, ebtu at connoisseur which h a r e e bpalateen wines. vivant i s i e v q wh u e a bt l oh l ye daily enabled aitlthe d produce ,drinks su c a te p b p eo r l f t e e b o c a et i o sa p ist : tt r ee o os pronounce awes Rhenish he u iei n t npheceteliab the s er - Epernay, of Spain, or Portugal, they cannot be surpassed; and the best proof of their excellence is ustom in ers,suwebho daily now found in the absence of any compl a i n t w h a t ever fonic e lovd increasing tha t favourite numbers. Ladies as well as gentlemen experi ence th e sam advantages. acco mmodation and enjoy the same There are private as well as publi c rooms, an d i t i s at the option of the party t a ki ng re f res h ment to restaurantrselect their own room or table amid the guests who are invariably found at " The London." There is another recommendation, which affects gentlemen only, and that is the spacious smoking saloon, fitted up in a most elegant manner. Almost every daily and weekly journal is to be found there. Luxurious sofas and ottomans tempt one as much to read as to smoke, and to enjoy, whether in the process of digestion, or in the calmness of one's own thoughts, in the very heart of London, the soothing influ ence of a cigar, which, if the price be given, the Havannah cannot surpass in quality or flavour. We have not a better recommendation for these facts than the indisputable testimony of constant frequenters at " The London ;" and thinking such testimony to be of service to visitors to the metro polis, we recommend them to pay a visit there and judge for themselves of the truth and accuracy of the statements we have made. IMPERIAL PARLIAMENT, HOUSE OF LORDS-(YESTERDAY). ADMISSION OF BRITISH SALT INTO CHINA. Lord STANLEY of ALDERLEY rose to call the atten tion of the Government to the question of the admission of British salt into China, and to inquire what steps had been taken for bringing the subject before the Government at Pekin. He observed that hitherto salt had been a monopoly in the hands of the Chinese Government, from which they derived a large revenue. Formerly the Indian Government stood in a similar position, and had not only a monopoly of the importation, but also of the manufacture of salt. That article was now imported into India at a considerable profit to the British manufacturer, and under the new system the revenue in India had been collected at a cheaper rate than under the old system. He believed there would be no diffi culty in making such regulations for the import of salt into China as would leave to the Chinese Government the same amount of revenue which they at present realised from that article. The Earl of ELGIN felt some difficulty in giving a full and complete explanation of the transactions in which he had been engaged on the coast of China. He went to that country with certain instructions, and was in the habit of communicating with the Government and with parties in terested in trade and commerce; but neither his instruc tions, nor the treaty, nor the arrangements consequent upon that treaty, nor the correspondence on the subject, had yet been laid before Parliament; and therefore he tr usted if their lordships should consider his explanations imperfect and in complete, they would not imagine that he had wilfully or through carelessness neglected the commercial interests of the country. It should be borne in mind that he went to China at a period of considerable difficulty, with a desire to bring hostilities to a close, and that it was his duty to consider along with other interests the interests of the Chinese Government, for nothing could be more prejudicial to the interests of this country than that the resources of China should be 53 crippled as to prevent that Government from occupying its proper position. He had perhaps been prevented from pressing on the Chinese Government some of those commercial changes which he should have done if he had thought the interests of the Imperial Government of no consequence. With regard to the introduction of salt, he found it utterly impossible to induce the governor at Shanghai to enter into the matter; but he did not despair of the eventual result. All that was necessary was to per suade the authorities that the revenue would not suffer from the change. It was not until the Ist of January last year that he received the first representation in favour of the in troduction of salt into China, and he believed that if Mr. Bruce could succeed in convincing the Chinese Government that their revenue would not suffer, they would break through the salt monopoly. That monopoly had the prestige of great antiquity, and it was said to have existed at least 1,000 years before the Christian era. The system under which the tax was raised very much resembled that under which the opium tax was levied. One of his great objects was to improve the custom-house system in India, and if guarantees could be given to the Chinese Government for the regular collection of the revenue, it would greatly facilitate the object which his noble friend had in view. With regard to the treaty between China and Russia, he must speak with great reserve; but the only treaty which securedthe right:of apermament residence at Pekin was the English treaty. Other countries, under the most favoured nation clause, could obtain the same right, but the privilege most certainly belonged to this country. He had thought it his duty to represent to the Government that it might perhaps nor be advisable at the present moment to press with too much stringency on the Chinese Government the right to insist on a permanent residence at Pekin; but, of course, if any other nation was permitted to maintain an ambassador there, the Government of this country would insist upon exercising the same right (Hear, hear.) Lord WODEHOU SE said that distinct instructions had been given to Mr. Bruce to bring the salt question under the attention of the Chinese Government, and to press it upon their consideration. The Admiralty Court Bill was read a third time and passed The Jury Trial (Scotland) Act Amendment Bill was also read a third time and passed. The Boundaries (Ireland) Bill was read a second time. The Diplomatic Pensions Bill was read a third time and passed. The Criminal Justice, Middlesex (Assistant Judge), Bill was also read a third time and passed. Their lordships then adjourned. HOUSE OF COMMONS—(YESTERDAY.) The SPEAKER took the chair at 12 o'clock. ELECTION PETITIONS. Mr. EVANS, the chairman of the committee appointed to try the merits of the petitioners against the return of Lord Bu y and Mr. Sneider, announced that the com mittee had decided that these gentlemen were not duly elected for the borough of Norwich, and that bribery had been committed in several cases, but it was not proved that it was with their knowledge. The CLERK read a letter from the petitioners against the return of the sitting members for the western division of Kent stating that the petition had been withdrawn. PRIVATE BUSINESS. The Lords' amendments to the following bills were agreed to :—Charing Cross Railway, Dublin and Wicklow Railway, Lands Improvement Company, and Scottish Cen tral Railway. SECOND READINGS The following bills were read a second time :'—The Hereford and Brecon Railway, Earl Vane's Estate, Robins's Estate, and Thames Watermen and Lightermen. COMMUNICATION BETWEEN HOLYHEAD AND DUBLIN. Mr. CA.RDWELL obtained leave to bring in a bill to facilitate the communication between Holyhead and Dub lin. PATENT LAW AMENDMENT ACT. On the vote of £20,095 for the salaries and expenses pay able under this act, Mr. BRADY strongly protested against this vote, and said that under , the present system the money for these salaries came virtually out of the poor man's pockets. The hon. member urged further objections, and concluded by moving the rejection of the vote. Mr. LAING said that with the exception of the pay ment to the law officers of the Crown, the hon. member would be defeating his own object if he carried his motion. Mr. WILLIAMS said that at present the law officers of the Crown received £8,300, while they actually rendered no service, the clerks doing all the work. He proposed, there fore, that their payment should be reduced to £4,150. Colonel SYKES contended that the operation of the patent law was very injurious to the inventive genius of the country. After some discussion, in which Sir J. Shelley, Mr. Grogan, Mr. Wyse, Mr. Briscoe, Mr. Brady, Mr. E. James, and other hon. members, the amendment was nega tived without a division. Some discussion ensued upon some of the other items, but the vote was ultimately agreed to. The vote of £9,254 for the Board of Fisheries in Scot land was agreed to, as well as a vote of £l,OOO to the Board of Manufacturers in Scotland under the treaty of union. A vote of £5,000 for highland roads was agreed to. After some discussion, in the course of which . Mr. LAING explained that the money was applied to the purposes of providing roads in the poorer districts of the highlands of Scotland, and he added that he would make inquiries to ascertain if any reduction in the item could be made. £9OO was voted for the commission for the publication of the ancient laws and statutes of Ireland. The following votes were also agreed to :—L5,000 for guarantees, £587000 for the pensions of officers in the mer chant seamen's service and their widows and children, £15,000 for the relief of distressed British seamen abroad, £4o,ooofor dues payable by British or foreign vessels under the reciprocity treaties. On the vote of £15,000 to pay bounty &c., Mr. CLIVE said that it was believed they were not sin cere in their expressions of a desire to put down the slave trade, and it was asserted that their only object was to cap ture vessels with slaves. Mr. LAING denied the imputation, and defended the conduct of our officers employed in the suppression of the slave-trade. The vote was agreed to. On the vote for £36,700 for lighthouses, Mr. A. SMITH objected to payment out of the votes of the house for the erection of lighthouses in the colonies. Mr. LAING explained that where lighthouses in the colonies were erected and maintained for local purposes, the colonists defrayed the expense, but where they were for general benefit it was borne by this country. The vote was agreed to ; as well as a vote of £l,OOO for payment of half the salaries of the officers lately employed at the settlement of the Orange River territory. On the vote of £lO,OOO for promoting the improvement of the Kaffirs and for the settlement and government of Bri tish Kaffraria, _ _ Mr. WYSE inquired for some information as to how the money had been expended, and with what result. Mr. C. FORTESCUE said the money had been ex pended on public works, and with much profit to the na tives. It was not, however, intended to retain the vote at tha same amount. It being ten minutes to four o'clock the discussion was interrupted. VEXATIOUS INDICTMENTS BILL. This billva; read a third time and passed. ROMAN CATHOLIC CHARITIES BILL. This bill went through committee, and was ordered for :hird reading. DUBLIN POLICE BILL. This bill was read a second time. CHARITABLE AND PROVIDENT SOCIETIES BILL. This bill was read a second time. CHELTENHAM ELECTION PETITION. Lord STANLEY, chairman of the committee appointed to try the merits of the petition against the return of Colonel Fitzhardinge Berkeley, announced that the com mittee decided that the hon. and gallant member had been duly elected. ROYAL COMMISSION. The Usher of the Black Rod summoned hon. members to the House of Lords to hear the Royal assent given by conimission to several bills (for which see Lords' report). The house did not resume till six o'clock. MERIONETHSHIRE ELECTION PETITION. The SPEAKER announced that he had received a letter from the agent for the petitioner, complaining of an undue return for the county of Merioneth, stating that it was not their intention to proceed with the petition. (Hear, hear.) The order referring the petition to the committee was then discharged. NEW WRITS FOR VACANT SEATS. Sir J. SHELLEY gave notice that in the event of any motion being made for the issuing of a writ to supply a seat declared vacant .by a committee on the ground of bri bery, he would move as an amendment, that no writ issue until the house had an opportunity of considering the evi dence taken before the committee. EDUCATION IN IRELAND. Lord FERMOY asked the Chief Secretary for Ireland whether it was the intention of her Majesty's Government to introduce, in the next session of Parliament, any mea sure dealing with the subject of the endowed schools, and of intermediate education generally, in Ireland. Mr. CARDWELL said the noble lord was well aware of the difficulties attending the general system of education in Ireland ; no portion of it presented greater difficulties than the subject of intermediate education; he could only say that the matter would have his best consideration. FISCAL EXPENDITURE IN IRELAND. Mr. DAWSON asked the Chief Secretary for Ireland what provision it was proposed to Make for carrying out the recommendations of the select committee of last year (1858), for defraying the expenses, in county gaols , of the mainte nance of felons and misdemeanants convicted for serious offences ; the expenses of witnesses at assizes and sessions ; the increase of the salaries of schoolmasters in workhouses; and the half medical relief in poor-law unions ? Mr. CARDWELL said the recommendation of the com mittee on the first two points was being carried out, but no change would be made with regard to the two latter. Mr, DAWSON gave notice that on Friday next, on the motion for adjournment, he would call attention to the concluding paragraph of the report of the committee. SUBMARINE TELEGRAPH CONTRACTS. Lord. ASHLEY asked the Chancellor of the Exchequer whether it was the intention of her Majesty's Government to su.spend fur her proceedings with regard to 'submarine telegr, aph contracts until the report of the select committee now sitting upon the packet and telegraph service was laid upon the table of the house ? The iCHANCELLOR of the EXCHEQUER had on a previous] evening stated it was the intention of the Govern ment to .suspend generally all proceedings with regard to packet contracts until the committee had an opportunity of conside ring the subject. They entertained a similar inten tion with regard to telegraphic contracts ; but it was pos sible ciniumstances might arise under which an'exception should b 9 made. There was one case in which the manufac ture of the cable had commenced before the present admi nistration came into office, and which would go on. Some thing would depend on the time occupied by the committee in their inquiry, but as a general rule, so far as the Govern ment were able to do so, no further proceedings would be taken. — id 97i 18} $ 71 3214 72i 92 14 25 95 14i SU ECCLESIASTICAL COMMISSION BILL. Sir G. C. LEWIS said that when he brought in the Ec clesiastical Commission Bill, he stated his intention to con fine it exclusively to points notlikely to provoke any contro versy, and subsequently stated his readiness to abandon the clauses which were objected to. No notice had been given of any amendment to any of the clan es, but notice had been given of a long series ofnew clauses which were tantamount to a new bill ; he saw no prospect of dealing with the many disputed points they raised this session, and it was therefore not his intention to proceed with the bill. He proposed to take the Police Bill first at the morning sitting on Tuesday (this day), and the Roman Catholic Charities Bill second. The order for the committal of the bill was then dis charged. THE ROYAL HIBERNIAN ACADEMY. Mr. MAGUIRE asked the Chief Secretary for Ireland whether any and what steps had been taken to effect certain reforms in the administration of the Royal Hibernian Academy, and why there was no vote in the estimates this year for the Academy. Mr. CARDWELL said the report of Mr. MacLeod re commended that the schools of the Royal Hibernian Aca demy should be united to those of the Royal Dublin Society. That had since been done. A correspondence then took place between the Academy and the Government in refer ence to the continuance of the grant for other purposes. The Academy asked for £5OO. The Government were will ing to give only £3OO. No conclusion had been arrived at, and therefore no vote was proposed in the estimates. EAST INDIA LOAN. The house then went into committee. Sir C. WOOD said—lt has often been my duty to address the house on questions of great public importance, and more than once on the subject of India, but I confess I never ad... dressed it under feelings of such deep responsibility as those under which I now rise to bring under the notice of the com mittee the state of India with regard to its finances. I do not think the hon. member for Birmingham overstated the importance of the question when he told us it was second, or hardly second, to none of those subjects of domestic and foreign policy which have occupied our attention during the last few months. When we consider not only the importance of India to England, but also the millions in that country now under the sway of the British Sovereign, with regard to whom we have undertaken the solemn duty of providing them with good government, it is not possible to overrate the task imposed on the Government and Parliament of this country. It is not my intention on the present occasion to go into the general question with regard to the welfare and the state of India—the state of its finances, and its financial po sition are grave enough to occupy the attention of the Go. vernment and of Parliament. Certainly, no responsibility more grave was ever imposed upon the Government and Parliament of this country, and it will need all the wis dom and all the energy which the Government can bring to its consideration, and they will require all the aid and support, which I doubt not they will receive from Parlia ment in dealing with a question of such vital importance. It is not necessary for me to remind the committee of what vital importance to all countries is the state of their finances. If the financial state be good, there are no dangers she may not confidently face ; if the financial state be bad, there are few dangers she can hope effectually to overcome. The financial state of India is to us a subject of the most anxious consideration. In saying that, however, I am not to be un derstood as saying that her future prospects are in my opinion gloomy and hopeless. I confine my statement to the present time, when she has not yet recovered from the effects of an overwhelming and unforeseen calamity. If she surmounts the difficulties of the next two or three years, I see no reason why she should not be restored to the state of prosperity, materialand financial, she was in before the mu tiny. I see no reason to anticipate that she will not be re stored to the state in which it was my good fortune to leave her when I quitted the office of President of the Board of Coatrol. It is about four years and a half since I held the office, substantially that of the Indian ministry, and a more grave and more melancholy contrast there could not exist than I found between the state in which I left India and that to which I returned. At the time I held office before, we had closed the career of war and conquest, universal confidence prevailed in the army, it was felt by everyone, and those best acquainted with its offices would have an swered for it with their lives ; we had a surplus revenue. and our only object was to improve the natural resources of the country, to devise an improved system of education, a better administration of justice, and by the more rapid pro gress of railroads, by the extension of the electric telegraph by the improvement of the navigation of rivers, and of the means of irrigation, to bring out the resources which India so abundantly possesses, and make them sources of wealth, not only to herself, but also by the produc tion of raw materials to support the manufactures of this country. Since that time, the whirlwind of mutiny has swept over the land, marking its course with murder and bloodshed. Confidence has been destroyed; the trusted army bas proved unfaithful ; public works have been checked ; financial difficulties have gone on increasing, and new ones have arisen within the last few weeks. To this I grieve I must add disaffection, and from the accounts to-day I fear I must say mutiny, amongst ono portion of the Euro pean troops. These, sir, are difficulties grave indeed, and to grapple with them will require the most careful considera tion on the part of Government and of Parliament. I do not, sir, intend on the present occasion to go beyond the financial position of India. At the early period of the year the noble lord the late Secretary for India went at consi derable length into the general question connected with the state of the country, but considering not only the importance but the vastness of the subject, I think I shall best consult the wishes of the house and enable them to form a clear judgment on the question of finance, by abstaining from going into questions that abound with material for discus sion, and on which I cannot now throw any additional light. When the noble lord made his statement at an early , period of the session, he necessarily spoke from imperfect information ; since then we have received further informa tion with regard to the finances of India, but if he then ex aggerated the evil, the accounts since received present no very promising aspect for the next year or two at least. I have laid on the table every despatch I have received. No information has been withheld from this house ; all the papers were printed and delivered last Thursday, except the general account up to April, 1858, which has not yet been printed. I think the house is in possession of all the information I am able to• place before it. I will, sir, only make. one observation before I proceed to place the figures before the committee. They must remember it was perfectly impossible to arrive at great precision with regard to the sums. Since April, 1858, all the sums I will have to refer to are matters not of account, but of estimate —estimates applicable to the present year. This will account for any discrepancy there may be in the figures as compared with former statements. The noble lord made a certain estimate in April, but since that a material alteration has been made by a despatch of the 14th of May. I cannot venture to go into a very precise statement—l will deal with the subject in round numbers. Another point is, that in making the estimate I will always take the rupee at 2s. ; it was formerly taken sometimes at Is. 101 d., but the noble lord directed it should henceforth be always taken at 2s. This may produce a slight discrepancy in some of my figures, and I therefore warn the committee beforehand. I will take, sir, for comparison, the lust financial account which has been printed and distributed to the house, that for the year ending the 30th of April, 1857. That wi:l afford a good subject of comparison (as it was the last complete year of peace, the mutiny having broken out in May, 1858), and I will take it as my starting point with the committee. At this time the debt of India was £59,462,000, the annual in terest £2,525,000. The military expenditure was X 12,561,000, of which £12,196,000 was the ordinary, and £365,000 the ex traordinary expenditure of the year. That was the state of affairs. From the year 1857-8 the expenditure considerably exceeded the income. In that year the expenditure was about £40,226,000, exclusive of a sum of interest on the rail road account, and the revenue was £31,706,000, leaving a deficit of £8,520,000. In the next year, 185 S-9 (the house will bear in mind that the Indian financial year expires on the 30th April), the expenditure amounted to £48,978,000, andithe revenue to £33,800,000, being a deficit of £14,000,000, or thereabouts. The deficit for the two years to which I have last referred, therefore, amounted in the whole to £23,221,000. That deficit was provided for by a loan • we have borrowed in India, in 1857-8, £5,157,000, and in the year 1858-9, £5,398,000, making for the two years a total of £10,555,000 borrowed in India We borrowed in England in the year 1857-8, £4,758,000 ; and in the year 1858-9, £ 6,7o3,ooo —making for the two years a total bor • rowed in England of £11,562,000. The house will see that the total amount borrowed was £22,118,000. There is made up by the diminution of balances up to this time a sum of £1,103,000. The sums made up by the diminution of balances and the amount raised on loan together make up the defi ciencies to which I have referred. This ds the state of things up to the 30th April last. ,On the 30th April last the Indian debt amounted to £31,564,000, the interest on which was a sum of £3,564,000. I now come to the year 1809-60. Hon. members who may have in their hands the despatches lately placed before the house, will see there a "paper containing estimates for 1859-60. Subsequen , how ever, to this a further statement h as been made out out, and a rough estimate will alsobe found amongst the papers. I propos in thatetoexc fromounlaucdcet, becauseou our that accountonsiderati a is notgreat deal which is one of revenue and expenditure only, but it contains balances on the one aide and the other. The expenditure in India I estimate at £38,380,000; it appears in the account as £38,900,000; but then that gives credit for stores on the one side, in respect of which it takes credit on the then account of their being in this country. The charge then for India, inclusive of these stores, but including the pay ment of the Tanjore debt, amounts to £ 3 8,380,000, and the charges at home, including war stores, amount to £5,851,000. I then take a sum which is a large sum, viz., the interest of the railway capital paid into the treasury, the interest on which is a charge on the Indian revenue, and I find its amount to be £1,114,000. Of this we expect to receive as revenue of the railway already finished the of £200,000 in the course of the year, which will leave the sum of £900,000 as the real charge on the Government. T will next add the charge to which the noble lord on a for mer occasion referred, viz.,. the charg e i n cons id era ti on o f com pensation for losses during the Indian mutinies. With regard to the greater portion of claims on this account offi cers have been appointed to investigate them. A report had been received from these officers—in its nature only a prima facie report—for as to many Maims no evidence was sent. I must say that I cannot admit those claims for compensation as a matter of right. In many cases of simi lar disturbance no compensation had been allowed, though in others such an allowance has no doubt been made, but as a matter of favour as distinguished from a matter of right. The view which the Government takes of the question in this particular case is that a distinction should be taken between property which could not and that which could have been removed out of harm's way. In the former case we have fixed the compensation as at one-half the value, and in the latter at one-third the estimated worth. I have stated the amount at £BOO,OOO ; but, presuming that there may be yet some claims to be brought in, I think it right to fix a margin, and I therefore set this down as at £1,000,000. Adding this to the sums which I have already stated, the expenditure for the yearlBs9-60 will amount to the sum of £46 131,500, With regard to the revenue, this also is stated in the paper to which I have already referred, which fixes it at £35,850,000, which includes the sum esti timated to be raised from the additional taxes which have been imposed. I know that considerable objection hasbeen taken to the increase of customs duties, and complaint has' especially been made in Calcutta on that head. lam not one of those who approve of any increase in the customs duties, but it was essential to the Government of India to have money, and it was necessary to obtain it at once. Under such circumstances there was no course so expe dient to take as that of increasing the customs. Hence, however much I - may dissent from the mode, I cannot, under the circumstances, but agree that the pressure of events justified the course taken. The other item of in creased revenue was from the duty on opium. This duty had been increased in Bombay from 400 to 500 rupees per chest. These are the only increased duties for which I hive to account. The produce of the revenue in India for the present year is, as I have said, £35,850,000, and de ducting that from the increased expenditure, it leaves a de ficiency of £10,250,000. lam afraid that beyond that there may be a further sum. In consequence of what has taken place in India we have not been able to push the railways on so speedily as we could wish, or so fast as we should, but for the circumstances to which I have alluded, have been justified by the amount of capital. The expenditure for the railways there for the following year is estimated at £8,000,000, and the amount which has to be raised for them will be £6,000,000. This will leave a balance to be provided for of £2,000,000 ; and this, together with the deficit I have already mentioned, with a small margln for contingencies, will make a total deficit of £12,500,000. Then comes the question, how am I to provide this sum ? Now, by the accounts to which I have referred, the house will see that the Indian government expect still £300,000 from the old Five per Cent. Loan. Of that they have, since the accounts were made out, received £276,000. The Indian government also have to receive of the Five- and. a-Half per Cent. Loan, £5,600,000; but from the best information which' I can obtain I am afraid they will not receive anything like that sum. I hope, however, that the increased confidnce which now prevails will be of advan- , tage in India to ourfinances, and thatthe sum of X 2,000,000 which I have reckoned as receivable on this head will not . turn out as too high a figure. The noble lord also borrowed the sum of £7,000,000 in the early part of the year. Of this £5,000,000 had been issued producing a sum of £4,800,000. Adding this to the £2,000,000 I hope to receive from the India loan the produce will be £6,800,000, and deducting this from the deficit I have before stated, we have a sum of £5,700,000. Itlis impossible foo me to say at what price I shall be able to raise this amount by loan. The late admini stration raised their loan at £BS. I trust that at the present time the money market may be found liberally disposed to wards India. However that may be, I must take a censi-, derable margin, and I p ro p ose t o t a k e a marg i n from £5,700,000 to £7,000,000. I propose, therefore, to issue the £2,000,000 left unissued by the noble lord, and to take a power of issuing £s,ooo,ooo—this bill makes up the amount to £7,000,000. I shall then; I hope, be able to meet the ex penditure of the year by, this loan. At the end of the year the Indian debt will amount to £95,836,000, the interest of which will be the sum of £3,900,000. I might here close , my statement, but 1 do not think it fair to the house to do so. I think it right to state what the prospects of the ensu ing year will be. In the course of next year it will be ne cessary to provide for the increased expenditure caused by the interest on the present loan. I think, therefore, it will not be possible to put the expenditure at less than £46,000,000 ' Taking the revenue at the sum which the additional taxation gives, I think it may be placed at £36,000,000, which will leave a deficiency of £10,000,000 to be reduced by the reduction of expenditure or by increase of taxation. The house will, I am sure, agree with me, that it is indis pensably necessary that the deficiency should be met by de creasing the expenditure in every possible way. Any re duction must, however, depend necessarily on the state of India. It is hence impossible to say what the reduction may be. The reduction this year would have been large had it not been for the disturbance amongst the local troops. which rendered it necessary to keep some of the European troops in India who would otherwise have returned home. Any estimate which I present to the house must therefore be taken as subject to any unforeseen contingency which time may bring forth. Now the first item which may be considered capable of reduction is the amount expended for the civil service in India. I should deceive the house if I held out to them that any great reductions can be made on this head. I do not think it just or fair toreduce the sala ries of persons already in the service. (Hear.) Some re duction may perhaps be made on nnw appointments taking place, but I am afraid that any reduction on this score will be counterbalanced by the necessity to increase the number of European civil servants in India. The next item of ex penditure is for public works in India: This is an item of expenditure which I should be most sorry to reduce ; but I think that some alteration may be made without stopping those works which are of large public utility. But, after all, the greatitem on which a swing may be made must be in the military expenditure. (Cheers.) Now, the amount of troops in India before the mutiny was, of Europeans, 45,332, and of natives,249, 153- -making altogether upwards of 294,000 troops. The amount of troops at this moment is, of Europeans, 110,320, and of natives 207,765—an increase of 65,000 Europeans, and a decrease of 42,000 natives. To these there is to be added a military police force of 89,829 men. Taking these, together with the men in. depots at home, the total army of India is 431,600. Now, I think that the day of danger having passed the expensive system of recruiting lately necessary, may now be reduced, and a reduction to some extent has been made already. Hon. gentleman will, I think, agree with me in this, that it is perfectly indispensable to maintain a larger European force in India than we have hitherto kept up. I have no doubt that the reduced European force in India operated as an encouragement to the native troops in the late unhappy mutiny. It has been said by Sir J. Lawrence, than whom I know no higher authority, that the mutiny which has taken place was entirely a military mutiny, though in some , places it was afterwards taken advantage of by disaffected persons. I think, however, it is a very satisfactory thing to hnd that, with the exceptions of the province of Oud e, and . some surrounding territory, the inhabitants of India took no part in the mutiny. Even there, I think, the part which the populpopulation took was to be explained by the fact that the ation engaged in it were mainly drawn from them. Sir J. Wilson says that he believes the late mutiny arose solely om the conviction on the parts of the natives that attacks were to be made on their religious ceremonies and belief. From that we learn, I think, that we must not give to the - natives of India any reason to believe that we are about to attack those religious feelings or.prejudices which they hold so dear. (Cheers.) We must consult not only the interests but the feelings of the people. If we have a contented popu lation we shall require a lessforce. Wherever a native force was present there was disturbance; where there was none there was tranquillity. If we can reduce the army, then we can reduce taxation, and in reducing taxation we shall be taking the best security for the future content of the kingdom. But to what extent reduction may be carried it is not very easily to calculate, and the different estimates we have received only show how various are the opinions on this important subject. Much light is thrown upon it, how ever, in a paper which has been transmitted to us by Mr. Bartle Frere, the Commissioner of Scinde. (The right hon. baronet here read the paper at some length. The purport of it was, that the question of the amount of force to be retained in India was, after all, a question of finance, as it would be impossible to retain the country with any force, however large, which was obliged to be maintained with borrowed money. The first point to be gained was to get our expenditure within our income, after which, what with our vast naval, media laical, and other resources, the preservation of tranquillity in India would be a problem of easy solution.) This I contend is the principle upon which we must proceed, to take care to keep a contented population, and not to maintain an army of such an amount as can only be provided for by a con tinued series of loans. (Hear, hear.) The necessity of re duction in expenditure has already been enforced upon the Indian authorities in various despatches written by the noble lord opposite. In one he cautions them against entering into any expenditure which is not absolutely necessary, adding that they must not only consider their necessity, but their - expediency, at that particular time. It is obvious, says the noble lord, that some reduction must be made in the mili tary expenditure which amounts to some twenty millions annually. The suggestions of the noble lord were at once attended to, and it was intended early in the year to send ten regiments home. Recent events have, however, rendered it imperative that a portion of that force should be retained in the country, but still I believe about eight have been sent and are now on their way home. The military expenditure of India before the mutiny was twelve millions annually, and itis now twenty-one millions, making nine millions in crease. It is therefore upon these nine millions that a re duction maybe expected and although it cannot be reduced to the figure at which it stood before the mutiny, it is obvious that even leaving a considerable margin there is still a good deal of room for reduction. Three or four mil lions at least I think may be looked for, but as the opera tion cannot be carried out until the Queen's troops have been sent home, it is impossible to fix a time at which the reduc tion may be expected. Even the transport of these troops would cause expense to be set against reduction, but, then, on the other hand, much will be saved by our ceasing tomove them up and down within the country. All I can promise is that the utmost care shall be taken to carry out the re ductions with the greatest possible expedition. (Hear.) With regard to the revenue, the Indian Government has made a proposal to raise the salt duty in Madras and Bom bay, it being already sufficiently high in Bengal. We have not heard to what extent it is proposed to be raised, but the probable gain to the revenue is estimated at £300,000, The Government has also undertaken to consider other duties, and instructions have been sent out from home to charge additional duties on stamps, licenses to hawkers, and on successions, but no estimate has as yet been received as to the probable gain to be derived from these sources—l have no doubt it will be several hundred thousand pounds. But ,when we have done all we possibly can there will still be a considerable deficiency which must be provided for by Par.: liament next year. It may be four or five, or perhaps, six, millions, and a similar result may be expected for still an other year. I doubt whether in two years it will be pos sible to bring expenditure within income, and until that is debt in ttotfi direction,t o f done the rev enue must b e ass i s t e d b y b orrowed money. y ew s w s i ee ll, nlthboapte m , t n e y nd ta te ke di p m lae in e is i h t The Tanjore debt will [next year be fin a lly ext i ngu i s h e d , an dthe ra b il u w t h a is not for me to say. On the whole, I am afraid we cannot expect to close the account of the mutiny without allowing the debt of India to have been increased to one hundred millions. (Hear, hear.) No doubt a considerable saving might be effected if this country would consent to assist the finances of India. (Hear, hear.) I am not going to make any proposal to that effect, but circumstances may arise when this may be a very serious subject for this house to consider. The noble lord hinted at the probability of such a request early in the year, and when I look, and the house looks, at the circumstances I have stated to-night, it is not possible that we should shut our eyes to the fact that if we do not mean to lose our Indian empire we should be prepared ultimately to assist the finances of that country. In the meantime means must be adopted to put Indian finance under a better system. In this country my right hon. friend at once finds the means and superintends the expenditure, whilst in India revenue and expenditure are kept wholly separate. The party 'who expends, if the revenue proves deficient, draws upon Eng land, and the authorities who collect the revenue have no power to interfere. There could not possibly be a more fruitful source of irregularity, and therefore I think it would be advantageous if some person well versed in the financial system of this country, and our modes of raising money,and of spending it, were sent out to India. It is therefore the intention of the Government to select some person and send him to India to take charge of its revenue and finance, and I trust the result will be to produce a better system of ad ministration than thatavhich is at present pursued. If this be done, and if we can meet the pressure of the next two or three years, I have little fear of the revenue, because it is a remarkable fact that the revenues of India have risen in spite of recent events. In 1856, a year of peace, the re venue of India produced L 31,700,000, and in the subse quent year, when the mutiny broke out, it produced exactly the same sum. In 1858-59 it was £33,800,000, being two millions more than in the last year of peace ; and for the present year the estimated revenue is £35,850,000. There is an increase in four years of no loss than four millions. This, I think, ought to give one great confidence reeputin Share 12.10 13.14 Stock Stock Stock Stock Stock Stock• Stock Stock 0 100 I 100 190 S tockl Sto. 1 Stock 201 - 20 i 4 100 100 100 Stock all 13i all 161 1100 100 li. s.o. !2s. 6d.1 all all 1 100 100 all 100 all 1 all all all all all all