The Sun. — London, England, 1858-07-16 00:00:00

tallin !NY. settling Holt has 1p Ads ,llamp be style y, and a I. Hart :reditors )9,8001., r Anne, lad ex. liter and Mr. T. ter some 11 ques- follow- Per Cent. 3 105 2 104 1 93 1 93 1 103 8 80 2 84 9 81 1 83 83 10 82 4 77 '2 74 3 d 20d 12 84 P 1 93 q. 83 3 65 i 9 91 39 91 (I with all a demand cy. The fine. ome fresh 3 was ex ), but we rate, sold salt were rket, and Mons. ~ at full Flour. 2138 270 ski. 6720 brls easonably. !lows : d. a. d. 10 3 2 4 3 8 10 4 4 2 4 4 8 4 0 vith very 225,00 )l. Lops, and 51. 10s; Sussex, spar cwt. 3d to Sid i fully Id I very in- :live, and however, uotations a Ceylon, I there is ler quota• irity, and ix now lay.) 1, N.W. set night r thunder still very lea, from irrived— )d—EliZil sown, for orning. ling, and T Lloyde, Western, )rning. Orleaus ; ier, from )ruing. ly, with Bassal- )ruing on their he num idia will MONEY MARKET AND COMMERCIAL INTELLIGENCE. CITY, Two o'CLocK. During the past few days there has been scarcely any business of importance transacted iu the Foreign and Colonial Produce Markets. Tea, at public sales, has declined about I.d per lb., and sugar, except for the very superior qualities, has also been at lower rates. Coffee, however, has been steady, and rice, rum, and spices have been in only moderate request, no change of importance Laving taken place in values. Saltpetre has been in active demand, and at higher quotations. The tallow market continues dull, P.Y.C. on the spot having declined to 495. per owt. in all posi tions. The public sales of Colonial Wool commenced yesterday afternoon. There was a rather full at tendance of buyers, more particularly of foreigners, and the biddings were animated, the better qua lities attractin g most attention. Prices were fully supported, and, in some instances, an advance of id- to id. per lb. was realised on the rates current at the close of the last sales. The quantity to be offered at this series amounts to about 75,000 bales, chiefly Sydney and Port Philip wools. Letters from Liverpool mention that the Cotton Market yesterday closed heavily, and prices of all descriptions were unaltered. The sales amounted to 7,000 bales, 1,000 of which were taken by the speculators. The Railway Share Market presented no new feature of importance, and quotations were without change. The arrival of the Royal Charter with upwards of 400,0 0 R in gold has not given an immediate check to the efflux from the Bank, about 8,0001. Iliftvin g been despatched from that establishment ;resterday. It is generally imagined that a large pro POrtloll of the remittance by that vessel will be fumilarly appropriated, and most persons inte rested in the subject are prepared to see a rather iniportant decline in the bullion. The return, srhich will appear in the Gazette this evening, "ill undoubtedly show a falling off, scarcely a day " T ing Passed without a moderate amount being ten:loved. The letters by the Royal Charter were delivered this morning. It is expected that the Teviot, from Alexandria, viill not reach Southampton until the 17th inst., Flaying' damaged her machinery. The letters by the Bombay Mail, which left Malta on the 14th inst., per Euxiae, may be ex pected on the 19th inst. The Funds have been steady to-day, and the rise which took place yesterday has been main tained A limited amount of business has been record e d , speculation still being very dull, . and at the same time the real operations are re stricted. Consols have been 951 8 for money, and 95 I I for account ; they are now 95f and 951 respectively. Reduced 95 The N ew Th rees are 95i 1 ; the , 1 ; Long Annuities, ; Exchequer to tills, March; 34 5 . t o 365. prem. ; ditto June, 21s. 245. prem. ; and ditto Bonds, 9 9 100 Z. Bank Stock is marked 222 223 •; and India Loan Debentures, In the Foreign Stock Market rather more busi lle'le has been transacted, and yesterday's prices 4 n re ' most instances, current. Turkish 6 per l outs . are 95} I ; ditto 4 per Cents., 104 i ; Buenos -YreB 6 per Cents., 81 ; Mexican 3 per Cents., 191; 431111 gUeee 3 per Cents., 451 ; Russian 5 per °M:lt s• 1121 ; Sardinian 5 per Cents., 89i ; Vene -2iatin_Ll Per Cents., 38:; French 3 per Cents., 68f ; 1 -, - gtan 4i per Cents , 100 ; and Dutch 4 per ,e nt; - ' 13 "iness in the Railway Share Market this °1.1 ? big has be e n active, and in several of the oeunetrlines an improvement of about 1 to 11 per may, be reported. South-Western and South i7torn have advanced 10s. ; Eastern Counties, eashilO and Yorkshire, North-Eastern (Ber- Vek), North Eastern (York), 15s. ; Midland, l os., and Caledonian and Brighton, 21. Foreign And Colonial lines aro quiet, at about previous ""es Great West ern o f C ana d a, G rand Trunk Of Canada Pore , and East I n di an are at sl i ghtly im rjd quotations. North at c 4 k.Bank Shares are va r y qu i e t. B r iti s h A American are at 531 ; London Ch ar t er ed of uStrali a, In ; London and Westminster have unproved t 4 461 461. toll the Ali scellaneou s M ar k et A us t ra li an Agricul ral shares are steady ; English and Australian Copper Company and L on d on Di scoun t were a t Previous y'al ues. aßrasu .1129-D3 TRIS DAY AT ONE O'CLOCK. I T tLiz Stock ....... !7 °l4 t t ... he °ificlat Isst') cc 223 22 per Cent. Reauced'Ai;n-Uiii; ********* New k,olumei Annuities ............... 95A 7N ew :flues per Cent. Annuities .... 954 _ll per Cent. Annuities ......... ....... 7 9 4 "utiftAnn. mhos, expire sth Jan. 186 . 0 ...... 1t ludi a t ° •du Years, expire sth Apl., 1885 18 7-16 Loan Debentures tolasols for Account ............................ 21 " 1 1 "1 00 11 0 . erE . .................March. Jude ................... 36 4 24 21 500 ...... Ex c i, Small ........ ............................. 34 21 24 chequer Londe, Di 1858 31 per Cent 100 • tt o, 1859 • • vES OF FOREIGN FUNDS AT ONE O'CLOCK. utlei?os Ayres Bonds, 6 per Cent. Bl loZeriean 3 per Cent Cent . ........ . rtuguEse 3 per ~ 1853 11 ssian, 1822, £ St. 5 per Cent. . 1124 Z 4 rainian 5 per Celle.- S9l 411 tkish Bonds, 6 per Cent. Bitt. A Ceol,l11. Litto Guaranteed 4 per Cent. euezuola Bonds,s per Cent 384 Dividends on the above payable in London. 1. 1 011 Routes, 4i per Cent., Ex. 25c. • 3 per Ceut., ex. 25 francs t n , 6 „'1" 1 „. 4 i per Cent., ex 25f.... lOO ~;uLitebange, 26 er Cent., 12 Guilners 4 Per Cent. Certificates l2 - - -f, °4401 5, 9.5 Money TWO O'CLOCK. Dit to account 4 i 95 1 LIVERPOOL RACES.—(This Day.) BY ELECTRIC TELEGRAPH. kay„i ise . PRODUCE STAKES. IlendKnow ** '' *** ******************************* St. St. St. St. St. St. 50 20 .......................... 1 t lan . che .. ....... ... (11 ******************************* 2 LICENSED VICTUALLERS' HANDICAP. ..... 111,ealrrifisop.e.r ....... .... .. ......................................... 1 Antiquary ......................................... I MPERIAL ___ PAR LIAMENT. 11°118E O P COMMONS. —(This Day.) T he SPEAXER took the chair shortly after 12 o'clock. PRIVATE BUSINESS. T he Estate Bill was read a second time. . ~,e•ue Lords' amendments to the following private bills kere co nsidered and agreed to :—Birkeehead Improve \c," Co mmieeionera (Gas and Water) Bill ; Oxford, vir?rebster, and Wolverhampton Railway Bill, and eudsor New Inad Bill. °ItRUPT PRACTICES PREVENTION ACT CONTINUANCE BILL. ehe house went into committee on this bill, resuming the c oaeideration of clause 1 relative to the payment by the'candidate of the travelling expenses of the voter. i,,%t l engthened discussion ensued, in which the argu• a Urged yesterday Were again repeated. 'LCu'''. IC. HUGESSEN suggested the following pro- I° ,- -Proeided always, that such p aymente shall not teed one shilling per mile to every uch voter for any oiatance less than ten miles, and sixpence per wile for te rr y additional wile : Provided also, that if the dis auee t o be travelled by kit', any such voter exceed . ten , h O --,l ll , ay an un d en th t :r f o or b t e ra a v v el a i i i l n e g hle railway accommodation, texpenses shall not exceed f" Inaximurn rate of fare chargeable on suchra il way `ur such distance. Mr. WALPOLE repeated that what he said yesterday, y to inco rporate in his to bill the uf the lion. memb er f or the over Ilatnle s (Mr. Ayr -4). T he candidat es m i ght ' pay for conveyances , proviso 'Alt that no money Should pass b etween the candidates a nd the votere. The committee divided upon Mr. Ayrton's proviso : For the proviso Majority 39 —lO6 1 _ . M . r. ATIITON'S proviso thus became the original reao- Luton, and had to be Put again from the chair. The uehtion of its adoption led to another division, when the numbers were -- For the resolution . ...... 133 Against it ... .............................. 58 Majority ..................... ---75 The resolution wuR thLs earrid.............. (LEFT SITTIN G ) le , • .•••••7-_,--_-__--.....„_—_,.......4,_____ e-vaccination is in favour at BertioM. Aleyerber, r; Who to in his 64,11 year, U has deemed it jdicious to under. t .at operL.ttu. Pour ran. 13I CKERSTAFF RACES. 3 SHARE MARKETS (This Day). RAILWAYS. RLILWAYA. Ambfg. Nottng.Bost. l & Eastn. June...- ,Belfast & Ballymena Birmng. Wolveih. & Stour Valley Birkenhd. Lanesh. & Cheshire Junet Blackburn Blyth & Tyne original £25 (iss. at £45) Bristol & Exeter , Caledonian.... ...... Chester & Holyhead !Cork and Bandon Cork, Black. & Pass ;Cornwall Do. A 11 Do. B 1 Dublin dtßelfastJuuc I Dun. P. &Aber June East Anglian Eastern Counties F,asternUnion, A. stk Do. ' do. B. Do. New A East Kent ...... East Lancashire East Suffolk Do. 'Edinburgh & Glasgow Edinb.Prth.&Dund4e Forth and Clyde June. Furness ... Glasgow & S. Western Great N. of Scotland Great Northern Do., A. Stock Do., B. Stock Gt. Sth.&West.(lre). Great Western. Do. Str.V.R. gua. St Irish South-Eastern. Lancaster &Carlisle. Do., Thirds Do. New Thirds _ Lancash. &Yorkshirt Do., do. F £l6 Do. Do., £9 Do., Wet. Riding Un Do. Southport. London & Blackwal' !Do. New iss. 51. 10s. Lond.Bright.&S.Cst. London & N. Weston Lo Do n . d Ei on di ghths s.weatern Lndndrry.&Coleraine Lndndrry. 4 Ennisk. Manch.Shet&Lincln. Metropolitan Midland Do. Birming.di Dertr Midland G.West.(lr.' Do. Shares Newcastle & Carlisle.. Newpt.A berg.drHrfd. Newry dt Armagh _ Newry, Warrenpoint & Restrovor Norfolk, Northn. Counties Un North British ...... North Devon, Rail. & Dock Stock Do., A Stock Do., B Stock i N.Eastern —Berwick Do. do. G.N.E.Purch. Do. Leeds Do. York North L0nd0n........ N.& S. Wstn., Hamp stead, and City Jn. North Staffordshire.. North Western........ N. & S. Weston. June. Oxford Woreestor Wolverhampton.... Peebles Portsmouth ißhymney Scottish Central Scot. N. E. Abrdu. St Do. Scot. Mid. Stock Shropshire Union 'Sitingbourno &Sheer. ,South Devon ,South Eastern ,South Wales all S. Yorksh. River Dun all 'Staines,Wok.,&Wok. all ( Stockton & Darling 20 Do. do., 1854 7 I Do. do., 1855 16i Stockton & Hartlepl 1100 Taff Vale 1 100 I Do. Pref., No. 22 11 names Hay. D. &R. 100 Vale of Neath 100 jWaterfd. & Kilkenny all Waterford&Limerick all 'West C0rnwa11........ all 'West End of London and Crystal Palace.. all Do. A all I Do. B an I West London ~ all Do. First Class all Do. Second Class BRITISH PI Atian. and St. Law. Bombay, Baroda, and Cen.lnd, guar. 5 p. c. Do. Do. Additional A Buffalo & Lake Hur Buff., Brut. &Godch 6 p. e. bds. , 1 Aug. , '72 Do. do., 1 July, '73 Do. do., 1 Juno, '74 Calcutta and S. East. Central Cud° (Lim.; Ceylon A slams Demerara . Eastern Bengal East Indian Do. C Shares Do. E. do. ~...... Do.di p.c.Bnds.,'s9 Geelong d; Melbourne guar. 5 per cent Gd. Trunk. of Canada Do. 6 p. c. Deben Gt. In. Pen. g. 5 per c Do. New. guar. 5 p.c Gt. Wostn. of Canada Do. New IDo. Bds., payable's7 Do. do., '76 p. '60... Do. do., IS, do. ,Do. .In., option Madras, guar. 4i p.c Do. do., 5 per e. Do. 4i p. c. Exten. Do. 3d Ex., g. sp.c. Do. 4th Ex., do. Oudu (Limited) Scinde, guar. 5 per c Do. Closing lbrloe, yesterday 51 - 6h 7i - 8i 67 - 69 11 - 12 27 - 88 - 90 77i - 784 35 - 37 •• --- ... 4 • -- 5 71 - 84 15 -16 A 604 - 614 44 - 46 29 - 31 14i -15 t 90 - 92 _ . 61h - 6i 24 - 254 1 90 - 92 9i - 10 1001 - 101:31 79 - 81 128 - 130 102 - 104 49} - 49 : 56 - 58 , 87 -- 90 12ip 11 -- 12#;: 9 -- d' 1 -- a ••• -- .. i 51 - 6 107 109 90, la 93 94 35i 36 . 2 id 924 92; 63 65 12 - 13 59 - 61 31 - 3 48 - 49 90i - 2 - 1 • 46 - 47 71 - 72 96 - 98 bid- 74 - 8i 8 - 9 27 - 29 .•• • 7 —4• d tO9 - 110 1 26 - 24 81 - 83 42 - 44 •' 3 - 2 33 - 66} - 676 78 - 80 14 - 15 6 - 9 - 11 84 - 56 96 - 98 ••• •• 2 • 3# ei 6i ISSESSIONS. i d parj i d par s 61 74 182 87 75 80 74 78 ••• - ••• 1 i- i P . " d 1041 -- 1041 AP ••• •• 17 18 41i 75 78 20 21 par, 17i 14 1 2idi 105 —IO 105 lets 104 106 18 19 20 201 lid id i d ^ Parl i d pari i - iPi Antwrp sc itott F er O da ß m ßlG. 5 7 ... 5i 10 all 20 all Ardennes 20 3 Bahia dr Francisco .1,....1 ..... pl . ; 5 all Belgian East. Juliet i li 20 all Beziersto Graissessac ... ••• 6 all Carmeaux&Toulouse Coal Mines and Ry. 2A 2i 20 15 Dutch Rhenish 20 all Eastern of France 20 2s. Euphrates Valley 20 all Gt. Central of France ... ... 20 all Groat Luxembourg 7a 71 10 6 Italian Junction 20 all L.Ke Coust. & Bale ... ... 20 all Lierre and Turnhout ... ..d 20 6 Lombardo-Venetian 3 312, 5 all Lucca & Pist.sp.c.p. ... 20 all Lyons and Geneva 33i all Maria Antonia 10 all Do. New ... ... 20 all Namur & Liege 20 all Do. do. 6p. c. Pref. 21.4 —22 i 16 all Northern of France 36i —36 r, 20 8 Do. New ••• . 10 all NorwegianTrnk.Pref B.A 91 20 all Paris and Lyons 3oif 30 20 all Ditto New 20 all Paris and Orleans 49 51 20 9 Recife di San Fran , (Pernam.) g. 7P. e• 4 •••• i d 8 1 20 I.} Riga and Dunaburg ... ... 10 all Rem! and Frascati... ... ... 20 ill' Royal Danish •• ••• 5 all Royal Swedish ..• ••• 4 all Do. 7 per cent ... ••• 20. all Sambre and Meuse 7 7el 10 zit Do. 5i per cent. pref Bl 9 20 all Southern of France l9 20 1 8i all Wc . .it Flanders 4i 5 10 all Do. 6,4 per c. PM 20 all W.dils7.W. of France 23 24 20 6 Western of Austria._ ~. ... 20 all West. of Switzerland ..., ... 6 all vV lest &den 6 all Do.B p. cent. prof. ... --- ... 20 ah Zealand ......... .. __.---_—_— JOINT-STOCK BANKS. 100 50 Agra (SI United Seri. ... ... 11 2 0052 5 00 all Flank ill iii;_nißritish sho o ff f NL E .o g nA y i p imo t neri can ,53i 2282 28241 40 all A.ustralasis. 47 :: 7_ 4 . . 9 . 40 all IBri. Col. Bk .ez Lu. Co ! . •• . 102001 :0 01l cc u oi ß tmy k m .o cre ln ia d io .A id u .a .:: l o d h a r.. 3 81 —._ ..7 2 0., i 100 25 Coionial . 10 20 Commercial of Lond. I :*: 2C all lEug•Scot.drAus.Cut. 17.} . ii 20 ' all Lou. Ch. Bk.of Au:r.t. 18i 19 19 50 20 !London and County .. 50 10 iLondon Joint Stock. .. -- ... 100 '2O Lond.audWestrainst, ... .". 46 3 / 4 .1 DO 35 National Pro. of Eng. ... _ 20 10 Do. New ..• 60 25 National Ban lc 1 . '" 20 all New South Wales ! , 43 45 25 all Oriental Bank Corp 34 36 20 , all Ottoman Bank 1 :10 5 ' all l i l P s D l o o . o u . l r t N h i n : A ‘ i- v g : 1 . 1 . s ..................................... 6 : 1 : --- !. . 3 . .. 25 15 Do. New ... ... 25 all anon of Aubtralia 5O 52 ... 15 Do. New 50 10 Union of London iOO 50 Unity Mutual... 00 i5O Weatrußk 0 1 1, 19 r! 17d Modem done this day. -1 12i St. 100 50 34 St. 100 St. 100 St. 100 St. 100 st, 100 25 16i St. 100 St 100 St. LOO 10 31.1 all all 100 all all all 1100 1100 2s6d 100 . 100 100 100 all all all all 100 100 100 all all THE SUN, 78i 8 a 91 ii I i 110 91 1021 411 40i 20i 18i } 10# LONDON, FRIDAY EVINUNG, JULY 16, 1855. LINES LEASED AT FIXED RENTALS. Leasing Closing Prices Business Shr. Paid Pasxmars. Companies. yesterday this day. St. 100 Buckghamsh. Ln.&N.W. 100 102 St. 100 Clydesdale Jo. Caladon... 102 104 25 all Col.Stour Vy E.1.T.&E.0 13 15 EL 100 E.Lin. g. 6 pa Gt.Northn 139 141 5 all E. Un. 11.5 h. E. Count. 4 5 St. 100 Glas. Barr. & Caldonian. Neile. Direct. St. 100 Do. Now Do 26 all Glstr.&Dn.Fr. Gt.Westn — 50 all Hull di Selby. Y. & N.M llO 112 25 all j Do. Shares. Do 12A 1 all Do. 1 Shares. Do • ••• 12t all Lon.&Greenw S.Eastorn l3 —l4 20 all Do.Proferenee Do 234 24). St. 100 Lou. Til., &S.' Peto &Co 97 99 - 10 ( 10 Do. Bark. Sh, Do . ••• 54 all Manch.Baton. Ln.&N.W and Matlock di Midld 24 21 St. 100 Mdld. Bradt& Midland 96 9 98 54 Newmarket BuryE.G.spe. E. Count 4 -- 4p 150 all NAirst.s p.e Do 5B 60 50 all ;Do. 6 per et.. Do 50 all Do.Fixedsp.e Do 25 1 all Prest. & Wyre L. &IN W — 124 all Do. Shrs. ADo •• ••• St, 100 jßoystn.dFit. Gt.Northnll3B 142 10 all Shrews.& Her T. Brassey SI 8 12 all S. Staffordsh.. M.MClcan 104 10 50 all IWearVal.g6pe Stk.&Dar. „.. 25 all ;Do Do 324 334 St. 100 ,Wilts&Somrst Gt.Westn 9O 92 IMPERLAL PARLIAMENT. HOUSE OF LORDS. — (YESTERDAY., The LORD CHANCELLOR took his seat on the wool- sack at five o'clock. Lord LANESBOROUGEE presented a petition from the Protestant Dissenters of Leicester in favour of Igalts ing marriage with a d: ceased wife's sister. The Earl of DONOUGEIMORE presented similar petitions from Trowbridge, Downton, Devizes, and Limply Stoke. GOVERNMENT OF INDIA. BILL. The Earl of ALBEIIA.RLE gave notice of be in tention to move an amendment in the 56th clam of the Government of India Bill. Tice Earl of SHAFTESBURY presented a pe,ition from the East India Company, against the Go verement of India Bill. The noble eat I said he did not concur with the prayer of the petition. Tne Earl of DERBY—In rising, my lords, to move the second reading of this bill, I cannot but express the deep regret which I feel that this task ehould have de volved on me rather than on my noble friend and late colleague, whose intimate knowledge of everything con nected with Indian affairs would have enabled bias to speak with a weight and authority which certainly Ican not command. But my noble friend, unfortunately, is no longer a member of her Majosty's Government, and it therefore becomes my duty to state to your lordships, as shortly and as clearly as I can, the main principles aad provisions of the bill to which I ask you to give a second reading this evening. Without attempting in the slightest degree to derogate from the importance of the measure, I cannot coneeal from myself that a far greater degree of interest and attention has been at tracted to it than would perhaps have been called forth by its intrinsic importance, in consequence of the poli tical circumstances which accompanied its progress through the other house of Parliament. (Hear.) This additional advantage, however, has accrued from that circumstance, that the bill has received a greater degree of care and of patient investigation in the other house. than possibly it might otherwise have obtained. I must in the first place say that I think that the title of this bill is perhaps open to the charge of being somewhat of a misnomer—" A. bill for the better Government of India." It is a bill, my lords, the result of which I hope may tend to the better government of India; but it eau not be too often repeated that tfie government of India must on the whole be carried on and conducted in India itself. (Hear, hear.) This bill does not pretend to deal with all those vast, complicated, and difficult questions which in the next few years no doubt will seriously en gage the anxious consideration of Parliament and of the country. It does not !pretend to deal wih the revenue, with the finance, with the land regulations, with the con dition of the natives with the possibility and extent of their admission into the public service Id the country even after this unhappy revolt shall have been suppressed. It does not profess to deal with any of those great and rx. tensive questions ; and though doubtless at future periods they will engage the attention of Parliament, and though Parliament will feel it probably its duty t 3 lay down broad principles of action with regard to most of them, yet your lordships cannot but be of opinion that the less the inter ference of Parliament with the details of the government of India, the greater prospect there is of the happiness and contentment of the people of India. (Hear.) I need not remind your lordships that at the commencement of the present session the late Government announced their intention to legislate with regard to the affairs of India. Without entering into any question of the merits of the particular legislation which they proposed, I certainly was of opinion that the time in which we were engaged with all our force in endeavouring to suppress a bellows revolt was not the most convenient for legislating upon such a subject. But that opinion—although it was shared in by many persons—was overruled by a very large majority of the other house; for, when a right hon. Hand of mine thought it his duty to take the some what unusual course of moving that leave should be given to introduce the bill, on the express ground that it was not the time for legislation—thus especially pre venting his motives from being misconstrued, and his opposition from being regarded as directed against any of the provisions of the measure—a majority of I believe about two to one, in a tolerably full house, decided that it was expedient and desirable that a bill for the regula tion of the home government of India should be intro duced in the course of the present session ; and you will observe that this bill is not in factfor the "government of India," but for the improvement of the machinery by which, in this country, Indian government may be su perintended and controlled. In consequence of that decision the noble viscount lately at the head of her Majesty's Government introduced a mea sure to carry into effect thOse views. Very shortly after that circumstances occurred which caused the resignation of the noble viscount, and the consequent change of Government.. In several•o€ the -provitiotis of the bill of the late Government—indeed, in most of them—l, and those with whom I have the honour to act, cordially concurred ; but there were at the same time provisions of no minor importance on which we held entirely opposite opinions. It then became a quoit. tion with us whether we should proceed with the bill of the noble viscount, and propose in \committee such amendments as we might think necessary. But it was the opinion of her Majesty's servants that a measure of such vast importance, regulating the machinery for superintending the Government of India, ought to be conducted and carried through—not by any private member, but on the responsibility of the Government as a whole. The consequence of that was, that under the auspices of my noble friend (the Earl of Ellenborough) a bill was introduced and laid upon the table shortly be tore the Easter recess. In the course of the observe- tions which I shall have to make it may he my duty to cmtrast some of the provisions of that bill and of the bill now before your lordships with those of the ron. sure introduced by the late Government; Let At present I shall only say that the eeerse which we pursued— althoweli 1 Crepe it was the necessary and proper course —had this inevitable consequence :—that there being as it were two rival hills en the table of the House of Com• mons there might, in the then state of political excite• ment, occur this unfortunate result, tlias the house would be called upon to decide between those bills, not with regard to their respective merits, but with reeard to the persons and parties by whom they were introduced ; and . that, consequently, th e a ff a i rs o f I n dia, w hich re quired the most careful and dispassionate consith ration of Parliament, might be made—what I was most arxious to avoid—a battlefield for contendin g political parties. (Hear.) In th ose c i rcumstances the noble lord the mein , her for London made a suggestion, which wag, I think, as wine and patriotic as it was certainly just and concilia tory, and it tended to relieve Parliament from what might have been a very serious embarrassment. Lord J. Rus sell suggested—and the Government at once adopted the suggestion; indeed, t o a cer t a i n extent it h ai l a l rea dy been anticipated by us—that, instead of proceeding to match as it were one hill as a whole against the other, we should enable the house to consider one by one in com mittee resolutions the principles of which - were involved in each, and out of those re so l u ti ons t o f ram e a measur e which might receive the sanction of the Legislature. The Government, therefore, acting on that suggestion, prepared a series of resolutions, which were submitted seriatim to the consideration of the Huuse of Corunaous; and it is only doing that house the barest justice to say that, during the whole of ray experience in Parliament, I have never known a question which has been treated by that house with more patience, with more deliberate attention, with greater temper, and with more entire ab sence on all sides of party feeling or acrimonious discus sion; and the result of that course of proceeding is that there has been sent up to your lordship s ' house - a mea sure—not carrie d b y a bare majority, not depending fir its success upon this or upon that political party, but a measure to a great extent , t . he work of th e H owie o f Commons itself, an d to which all parties conourrod in giving their tribute of praise, .Lord Pal iners t on un i t i ng with Lord J. RusFell, in according to the third readiag, not his hesitating but his cordial approval, and expres sing his wishes for its SUCCORS before your lordships' house, (Hear, bear.) I now principlesproceed very shortly . to l e y pet i t i on , in the prayer of which ho nd.tdbilea preambleCa pbaonuy bound lordshi pst e h a e rl who . rose immediately before which they . have adiseini• o b mf e ef thisohasr e your presentedbil. The noble a ( T t a o y s i y g vari ous clauses of the bill. I wises to speak with every respect d to os b s e n h o e t a c r o d ne b u y r, e f o ro ufse th l s ag E at ts a tl n stet: the affairs of India, they have exhibited a degree t o h f a t t h eEastduring l t u h d ei a l n e g o as periodny of temper, an impartiality, and a sense of the grea t an d i important functous which they had to discharge, which could not be surpassed; but at the same time I cannot admit that the East India Company have upon a ciao tion of this kind any claim to , be heard by counsel be fore your lordships' house. The Eat India Company have been to the present moment trustees for the Crown, and though from various periods—from 1813 to 1833, and from 1833 to 1853—that trust, unde r special limita tions, was continued for a period of 20 years, yet in 1853 Parliament took a different course and confided the same trust to them simply during the pleasure of Parliament. Clearly, then, from that moment the East India Com pany were tenants at will, wheat . you w ere p er f ec tl y free to dispossess whenever Parliatnent might thi n k that the time had come to deprive them of their trust and to confer it directly upon i t he Crown itself. My noblefriend whom I see opposite has presented another petition with regard to the possible diminutiou of the security which the proprietors and Directors Of . the Esst I n di a Co rn . pany may have under this bill for the payment sf their dividende. All i can say ep . en this subject is, gat the clauses in this bill which provide for that security sre the same as were introduced into the bill of the late Gevern inent, upon the advice I presume of the lion. and berm' gentleman who has now given an opinion that th , y are not sufficient for the purpose. If it can be shows, how ever, that there is the slightest diminution of the sicurity of the shareholders I shall be ready to consider at y pro position that can be made for increasing that secuety and I believe that the only questions that can be raised relate, first, to the receiet of the dividend ; secondly, to the Bank of England advancing sufficient to meet tEe defi ciencies in the Indian remittances ; and, thirdly, the de ferring the claim for the payment of the principal. But if there is a doubt on that point we shall be very glad to receive any uggotions to improve the security. Wheri it was determined that a change should take place in the home Government of India all parties agreed unanimously that the nominal, as well as the real autho rity ought to be transferred to the Crown, and that the affairs of India should be conducted in the name of the Crown. The noble earl below me (Ellenborougb), when on the other side of the house, said that, though he did not desire any change at preseest, whatever change was made ought to go to this extent. The home Government of India no doubt has been conducted with singular pro deuce, and I should be sorry to look upon this bill as it has been represented at the India-house as a bill of pains and penalties. I do not believe that any men could have administered the affairs of India under the system which they found established with more success than the East India Company ; but the complicated and unnecessary correspondence, the unavoidable delay which that sys tem required, made it obvious that the only change which could be made was to put the Government of India under a Minister responsible directly to the Crown and to Parliament. (Rear.) In point of fact, however, the transfer is more nominal than real, because though the Court of Directors exercise certain powers of obstruc tion and delay, yet, with the single exception of the recal of the Governor-General, they can perform no act which not subject to the revision of the President of the Beard of Control. Not only does the President of the Board of Control possess the power of altering or of vetoing the instructions proposed by the Court of Directors, but be has the power, and it has been sometimes exercised, of sending out instructions diametrically opposed to those which the Court intended. There is a question whether the Court might not have interposed delay, and even persisted, un til compelled by a mandamus ; but in point of fact they have generally been obliged to yieid to the suggestions of the President of the Board of Central. We alt remem ber that my noble friend bel)w me (Earl of Ellen borough) ' who has on various occasions been at the head of the Board of Control, told the committee that when be was in office the Government cf India was in his hands altogether. (Hear, hear.) There was no great difference of opinion, therefore, between the two great parties in the other house A to transferring the pewera of the East India Company to a responsible Minister, and carrying on the government in the name of the Crown. (Rear.) Neither was there any difference of opi nion iu this, that, aithoegh it was expedient that the business should be conducted by a Minister responsible to Parliament, yet, inasmuch as it is not possible that any one man should havesufficieut knowledge and expo rience to administer the affairs cf all the different pro vinces of India, it would be necessary to give him a Council more or less numerous by whom he might be advised or controlled. It was with regard to the con stitution of that Council that the greateet difference ' existed between the late load the present Government. The late Government proposed that the Council should consist of eight members, holding office for six years, all 'nominated by the Minister of the day, and two to retire each alternate year. We, however, were of opinion that that mode of selection would not give sufficient indepen dence to the members. One-third would just have been nominated, and another third would be looking forward to immediate re-nomination by the Minister or the day, and there would, therefore, be a greater temptation than there ought to be to give way to the opinion of the ' Minister of the day. We were of opinion that a Council of eight was not sufficiently numerous, and we thought that 18—the present number of the directors—was not more than was required by the business of India. The Council of India we thought ought not to he-39 the directors may have been before—a screen between the Minister and Parliament, but a body of men well ac- • quainted with the affairs of India, to give the Minister advice, which, on his own responsibility, he might be at liberty either to accept or reject. I have heard it stated that a Council so constituted would either be the master or the servant of the Minister, according to his charac ter. There is no doubt that it depends very much upon the self-reliance of a person at the head of a great depart ment of the State how far ho is influenced orcontrolled by those who fill permanent situations under him ; but I be lieve that the Council which we propose in this bill will neither be masters nor servants, but valuable advisers of the Minister. To secure their independence we considered that a certain portion of the members of the Council should be elected, and another portion nominated by the Crown. We were also of opinion that their term of office, to secure their independence, ought to be exten sive, and we propose in this bid that the members of the Council shall hold office during good behaviour, with the provision that after 10 years' service they shall be entitled to retire upon an adequate pension. Wien we crone to deal with the elective portion of the Canned we found considerable difficulty. My noble friend below — not now a member of the Government. but fur whose scheme we are all responsible—proposed originally an elaborate plan, by which the military and civil services of the three presidencies would have been represented in. the Council. It was objected, however, to that provision that it would fetter her Mejeuty's Government in the selec tion of the best men, and that they might frequently be compelled to choose inefficient mon and to past over the most competent. Another provision in that Alen, which also was not received with any great degree of approba tion, was one by which we thought we might be able to obtain in the Council representatives of the commercial interests connected with India. We proposed to give to four of the great towns most connected with Indian com merce the right of selecting a member of the Council; but there appeared to be so many difficulties in the way of carrying out that proposition that we did not insist on it. The conclusion at which we arrived with the view of se curing intelligence, exprieece, and independence in the members of the Council was that it was necessary a ger tain portion should be elected and a certain portion nomi- Heated ; that the person's elected should have served or resided a considerable period of time in India, and that they should hold their offices, as I have stated, during pleasure, subject to be removed upon an address of the Houses of Parham° it or for gross misconduct. But when we came to apply the principle of election we found con siderable difficulties. It could not be argued, hardly with more that plausibility, that the Court of Proprietors possessed such an interest as to entitle therm to elect to the Council. Their functions, as your lordships aceaware, are limited to the receipt of -dividends on their stock, and though they have the power to pass resolutions, practically they can give no effect to them. It was pro posed to add to this body, to make it asore numerous, and to give it more connection with India, all persons who for a certain tune had served in the military or civil service of India and had returned to reside in this country. But it was found that it would be a constituency very atilt L to bring together, very inconvenient on aeeeunt of its number, and having toe same utsadvantage as the present F. Ist Indie proprietors—namely, that the most compe tent, the ablest, and the highest-minded men will not submit to go through a canvass for the purpose of being appointed directors, and still less would they go through a canvass of a more extensive body for the purpose of being elected members of Council. After much consideration her Majesty's Government decided to adopt with regard to the elected members a principle which, if I mistake not, was recommended by a noble earl not now present (Earl Grey)—namely, to give to the existing Court of Directors, or persons by them first elected, the power of filling up vacancies by the election of duly quali fied persons ; and, upon the whole, in a choice of difficulties, I think that course the beet to escape thedif ficulties attendant upon the adoption of a system of elec tion. With regard to the change of name, from Presi dent to Secretary of State, though not very important of itself, it was considered more advisable and more in conformity with constitutional practice to give the name of Secretary of State to a high officer upom whom her Majesty ie pleased to devolve the exercise of duties under her Royal sanction. As regards the Colonies and Foreign Affairs, so as regards India, the same title is given to the presiding officer, and there will be thia additional con venience, though not at first contemplated, that either of the Secretaries of State will be able to sign papers and perform duties in the absence of the Secretary of State for India. The Secretary of State for India has full power of acting in opposition to the advice of the Council, but if he acts in opposition to the advice of a majority, be is compelled to put on record the reasons why he puts aside the advice, and members of the Council have the same right to enter their reasons for dissenting from any proposition made or adopted by the Secretary of State. I There is a provision also requiring that the Secretary of State shall call the Council together within seven days, and submit to their consideration any orders which in a case of urgency he has the power to issue without their previous cognizance, There is also a provision which your lordships generally believe to be absolutely necessary, and with-ut which the noble earl be'ow me says the government of India could not be advantage ously carried on—namely, a transfer to the Secretary of State of the power formerly exercised in a secret com• mittee of sending out ordora and instructions without communication with the Council. I du not mean to say that that power on certain occasions has not been abused. I do not mean to say that it has not been too extensively used ; but I am sure your lordships will agree with me that with regard to the two questions to which alone it is properly applicable—the carry ing on operations of war, or snaking diplomatic arrangements with native States—it is absolutely essential the Secretary of State should possess the power of preserving entire secrecy, even front the Council. (Rear.) There are two questions upon which the Secretary of State is overruled by a majority—first, with regard to the election of a member, and second, with regard to the expenditure of the revenues of India. The election of members would be a farce if the Secretary of State, by his sole authority, could overbear the ap pointment of any particular man. With regard to ex penditure we must bear in mind that the House of Com mons does not exercise any control, and therefore it is essential that there should be a bona fide control over the Secretary of State by the independent body which I hope this Council will be. There are only two other subjects to which it is necessary to call attention, and I call attention to them because I think upon them the principles and intentions of this bill have been some what misapprehended. The one relates to the em ployment of Indian troops, and the other to the admission of persons to the civil service. With regard to the first, it has been objected to the clause which particularly deals with that question --the 55th clause—that it propos es to interfere with the prerogative of the Crown, inasmuch as it provides that none of her Majesty's forces maintained out of the revenues of India, except in cases of urgent emergency, shall be taken beyond the Ind ian frontier, without the previous consent of Parliament. It was thought, and I confess the words might bear the construction, though it was net intended by the framer of the clau se ---- t h at it was an interference wit h the indisputable prerogative of the Crown to make, war or peace. Although there is no prerogative more indisputahle plain that, th e const i tut i on has provided an equally indisputahle cheek upon the practical exercise of that prerogative, by rendering it necessary that the Crown should co me to P arliament for the supplies, without which it would be impossible to carry on war. But with regard to our troops its India ' there was and there can b e no such Parliamentary con , trol, and, consequently, if there were no such clause as this, it might have been competent—l do not say there is any danger, but the danger might ho possible ur der a Sovereign less constitutional than Her Ma jesty—for the Crown to employ Indian troops in wars wholly and entirely unsanctioned by Parliament—the whole force of India might he carried to any portion of the world without the exercise of the constitutional pe cuniary check to which I have rderreci. Tue bill intro ( duced by the late Government contained a clause to the effect that Her Majesty should not be empowered to send out of Asia any part of the force wholly maintained and paid out of the Indian revenues. As far as the re striction on the prerogative goes, the principle is pre cisely the same, whether the restriction is that the troops shall not be sent beyond the limits of Asia or beyond the limits of our Indian possessions, and I think it would have been perfectly competent for Parliament, in hand ing over to the Crown the government of this vast empire, to make a stronger provision, and to provide that the In dian force shall be leviel upon the footing of a militia —consequently, not required to serve beyond those dominions]. While the principle of the exception in the bill of the late Government was the same as ours, it would have allowed that which is the real and substantial danger. Within Asia you might carry on sv it with Persia, you inieLt carry on war wish China, you might carry on war even with Russia, and without further exception than that the troops should not serve out of Asia, all this might be done by the authority of the Crown, and Parliament have no control over the i x• penditure and no right to express an opinion on the pro priety of the war. It was not our intention to limit the prerogative of the Crown, brit our intention was to pro , test the revenues of India, and consequently when we come to the clause I shall propose an amendment to remove all ambiguity, to the effect that it shall not be competent, except to repel tactual invasion or in a suet den and urgent emergency, to make the revenues of India applicable without the consent of Parliament to defray the expense of military operations, carried on beyond the frontier. (Hear ) The other point to which I would refer ie contained in an earlier clause of the bill—l thiuk in the 32d or 331—which has reference to admission to the civil service. The law as it stands provider' that all persons who are admitted into the civil ser vice of the East India Company shall pass such examinations as shall be from time to time prescribed and regulated by the Court of Directors and the Presi dent of the Board of Control. That power is now trans ferred to the Secretary of State, but this bill 'goes far ther than I think the justice of the case warrants, and gives to the principle of competitive examination, for the first time, a Parliamentary sanction, fettering the acts of the Executive by an Act of Parliament, and com pelling au adherence to the principle of competitive exa• ruination. It is my intention toomoye the omission of the words which render It necessary for the Government to admit candidates for the civil service in the order of their proficiency at a competitive examination, leaving the law as it stands with regard to admission to the In dian civil service,l sudjeet to such regulations as may he issued by the Secretary of State, with the approval of the Crown, and laid before Parliament. There is one other most important point—namely, the reconstruction and organisation of the future Indian army. That is a question of the most vital importance, and her Mai, sty has been advised, and will, I be believe, act upon the advice, to issue a commission for the purpose of instituting an inquiry into all the subjects contented with the reorganisation of the future forces to be employed in India. (Hear.) This commission will have to consider the proportion of Europeans to be em ployed, the mode in which they shall be relieved, the conditions upon which they shall serve, the number of the waive army, and the conditions upon which they shall be engaged, and every other question connected with the future peace establishment of India when the revolt shall be happily put down. In the meantime it will be necessary for Parliament to provide for the maintenance of the present state of things until the re sult of this commission shall be known. and until Parlia ment shall have acted upon its recommendations. The hill, therefore, provides what may be necessary for the present, leaving to her Majesty the perfect freedom of making such regulations for the future ad ministration of the army, both as regards the European and native troops, as she may be advised. The bill also provides, as far as it refers to individuals an d b o di es , th a t they shall have re served to them all the tights!, privileges, andexpectatione which they were led to form at the time of their admis sion to this service, (Hear.) It would be the grossest injustice to introduce a similar system at once in both descriptions of the Indian force, and to apply the same principles] to those who shall hereafter enter and those who entered the aet vice under different expectations. (Hear.) I have now stated to your lordships, I trust not at too great length—(cheers) —the principles of the measure to which I ask your lordships' assent. The bill has received the careful deliberationand attention of the House of Commons, and it has be'n sent up to your lordships with the universal concurrence of that house. I have perhaas entered at too great length into an ex planation of a measure to which no objection will pro bably be made ; but while the labours of the House of Commons render it probable that ne very numerous amendments will be necessary, her Maj ssty Govern ment will be happy to give the fullest and most impartial consideration to any amendments which may be sug gested in the course of the discussion of this bill. (Cheers.) The noble earl concludad by moving that the bill be now read a second time. Earl GRA.NVILLE said it was not likely there would ever be a complaint from either side of the house that any speech of the noble earl's was too long. (Hear ) He had only one cause of regret,- -that the singularly altar and lucid statement of the noble earl had not been made at an earlier period and in a house *till more full. The noble earl had stated with perfect accuracy, what had passed when the late Government introduced their bill, which was opposed by the noble earl and his friends. When they came into office there were two courses open to them—either to adhere to their original opinion, or, as they wisely and prudently did, feeling that the matter had gone too far, and the House of Commons had too strongly pronounced, to adopt the legacy left them. The noble earl said they might have adopted the bill of the late Government, and introduced certain amendments. He: must say that that would have been the most simple and speedy course. He thoug'ut they would hove boo able to introduce even all the amendments, they at first proposed, and certainly all they now had introduced, and the matter would have arrived at a much speedier conclusion. After the Government had intro duced their bill, all the original matter they had inserted was disapproved of, and the Government at length adopted the suggestion of Lord John Russell to proceed by resolution ; that would have been very well in the first instance, but after the bill had been introduced it was rather au anomaly ; it had, however, one advantage —that if the usual course had been taken, as the noble earl the President of the Board of Control had induced the house to believe it would, and the resolutions sent up to them, if not simultaneously, at least at a certain period, they would have bad ample time to discuss fully the whole bearings of the question. Certainly the time would have been well spent, as the house included many well informed on Indian affairs, and had the advantage of great regal minds. Such, however, was not the case, and the result on the whole appeared to be, not that the bill had been particularly well considered in the other house—(hear, hear)—but that the constant discussion had produced a weariness which, added to the present state of the Thames, made the house too ready to accept any proposal which the Government threw to it. Ho very tnuoh feared that, considering the late period of the session, and their desire that nothing factious should appear on their part, it would he difficult in passing the bill to pay that attention to the details which was so re quisite. (Hear, hear.) The noble earl had stated with perfect accuracy the principles and objects of the bill. The principle was to transfer the government of India, so far as this country was concerned, from the Board of Directors to tba Crown. These were the objects to be attained—one to simplify the machinery of the govern ment at home, the other to secure the inestimable ad vantage of governing Italia in the name of the Sove reign. He would not weaken the noble earl's arguments by repeating than. As to the change made by the pre sent Government—namely, of the name of the Minister, it was better that he should be oalled Secretary of State than President of the Council. The late Government would have made that proposal but for some technical difficulty as to making a high officer, the organ of the Crown, subject to the control of another body. With regard to chief differences between the two bills, it would be hardly honest for him to conceal that, as far as ha was individually concerned, he had from the first felt very great doubts as to whether the council was at all that amiable adjunct it appeare e d ste t d o — so tb m e e a . dv ( i H ee e a a b r. d ) control they exercis e d over T su h p e p re or w t e t r b e ey th g e a s v e e a t d o v a a n n d ta t g b e e s the minister. The noble earl rather threw over the con• trol, and if he threw over that, there was not much force in the rest of the argument. As to advice, be believer: the difficulty of getting it was out great ; one invaluable source existed in the permanent servants of the India House ; and be did not see why the new government should not be able to secure the same class, who had to a great degree carried on the government of India. As to his own experience, whenever he felt it necesary to obtain information on Indian subjects he always found old Indian eervenss ready to give every information, but he found that with regard to general questions they were more apt to dwell on individual circumstances in par ticular districts where they had held office. If he wanted to go into the general question he should consult a man like Sir J. Melvill, who whether he might be right or wrong in his views was able at once to state the whole position of the question, give the history of it, and cite all the autleurities. • It would be easy enough to find men arriving from India perfectly well informed on depart mental questions, but if the council was to be repre sentative they would be in thedifficulty of excising some jealousy in a member by applying to the unofficial source fur advice. With regard to the support, he believed it was very much overrated ; with a man of ability and temper, when the government was in no difficulty, no doubt the minister and council would go on smoothly, although if any proposal was made in the House of Commons, a minister, quoting his council, would be met by the reply, " Of course your council agree with you ;" or "Let us hear your reasons, not your autho rity." On the other band, with regard to the con trol, a strong minister would find means to avail him self of the loopholes given by the bill ; but when the Government got into difficulties, mid they ought to be supported by them, they would have the Council writ ing long correspondence and allowing others see it, He knew he was leaving himself open to the natural rejoin der, why, if such were his opinions, had he supported any proposal for a Council ? His answer simply was, the passing the bill was the paramount object, and public opinion would not consent to the transfer without some such control, and the course proposed by the late G o ; vernment would have given all the advantages with t he. leaet possible portion of the disadvantages of s uch a bo d y. Their plan was a conncil of eight, holding office for eight years. Zile plan of this Government was totally different, on a different duty ; the number was increased, they were to be partly nominated and party elected, with the principle of representation introduced. In the first hill of the present Government the term of office was reduced to six years, hut they were now to hold during good behaviour, which was the same as for life. The idea of representation had been entirely abandoned, but the election was retained. Toe noble earl had rightly stated that the opinion of the hoes© had been strongly expressed on this point. He, for one, would not offer any opposition as to the number ; he very much regre.ted the change. (titer.) He would leave economy entirely out of the question, but stilt he could net see why c'e i ll s the salary should be paid for the same work as was now pr.-rformed by the Court of Directors. The number w as in itself objectionable.. He would appeal to those of their ordehipe who had been members of the Cabinet whe ther, although the members were much occupied with their Parliamentary and departmental duties, the num ber at which Cebinete had now arrived-15 or 16 not to a certain degree enceurag,e conversation, anti lend to place the knowledge and conduct cf important busi noA in the hands of fewer member© than if the Cabinet consisted of a smaller number ? There was one element which ought not to be left out of considereti en, that was the likelihood i f heir g bored. (A. laugh.) There was one advanta e in the Cabinet, viz., that if a man becamea 'we he could be got rid of, but in the Council he c 'old not. He bad come e xperience of Indian servants ; they had not the advantage which public men had in this country, but bad passed their lives in very different circumstances, exercising the functiono of pr enonsule, and he feared very much that in the counc il t h ey m i ght b e tempted to exeend their supeifluons energy iu veritirg hog minutes, and however able and intelligent, conduct business in such a way as that the secretary might find it too tire some to attend: their meetings, and eventually reduce their functions to. a mere sham. With regard to the question of patronage, one great argument against the bill of the late Government was, that their chief desire was to increase their own patronage. How did the case le ally stand ? With regard to alt the home patronage, their bill provided that the Minister could not exercise it without the concurrence of half the council. The first bill of the G svernment allowed that to stand as to pro motion, but by this bill all appointments and promotions were vested in the Secretary of State alone. He did not say that this was wrong. Another change had been made in the bill, with regard to the nomination of the council in India. It was proposed in the bill of the late Government that the nomination of the members should, be left to-the Governor-General; but It w as no w pm. poota-to give-the nomination to -the- secretary in -eemscil. It eeptieared to him that the disadvantages of giving the nomination to the Governor-Generel were as nothing compared to the disadvantages of bringing the nomina tions over here, where they would necessarily give place to canvassing. (hear, hear.) He also regretted the change which had been made with respect to the admis sion of the civil servants. . With regard to the duties and procedure of the council, he had great difficulty in fol lowing the arrangements which bad been made. The Secretary of State was invested with the powers now exercised by the President of the Board of Control and the Court of Directors, and the next clause enabled him to divide the council into committees, and to allot to those committees different parts of the business. He should like to know whether this clause trandorred the powers of the council to these committees, or whether they were merely to adjust the matters referred to them and then back to the council. This distinction ought to have been made manifest in the bill. Again, the Secre tary of State was empowered to act independently of the council in matters of urgency ; but the Secretary of State was the sole judge of urgency, although it was sometimes very difficult to say what was urgent and what was not. He agreed in the propriety of vesting in the Secretary of State the power& of the secret committee. With regard to the expenditure, the late Government in their bill imposed some restrictions, but her Majesty's Government omitted those restrictions altogether. The noble earl shook his head, but he woul I find that he was right. In the bill, however, as it stood, a change had been made, for not oily was a restriction imposed, but it was made far more stringent than in the bill of the late Government, inasmuch as the bill provided that no expenditure could be incurred without the consent of a majority of the council. That constituted the coun cil a House of Commons for the affairs of India, for they could stop the supplies. (Hear, hear.) It appeared to him that this clause rendered nugatory that ether clause which gave the Sect eery of State the power of initiation in cases of emergency, because some appro priation of revenue must almost necessarily accompany every sae' else of that power. (Hear.) Some of the objections which had been urged might turn out in prac tice to be of little weight, whilst others that were not now urged might strongly and prominently appear. But the whole thing was but an experiment, and ought to be very much regarded in that light. He trusted there was nothing in his remarks which showed a factious tone —(hear, hoar, from the ministerial bench)—and on the other band he was sure that the Government would meet in a fair and proper spirit any reasonable proposi t on which they (the opposition) could offer. He thought that a limit, say of five years, should be given to the du ration of the act. He knew the noble earl would say that it would be inconsistent to appoint a council for life, and then to limit the operation of the act to five years ; but this bill contained a clause relative to the dismissal of any member of the council with loss of salary or pen sloe, which showed that this was a provisional form of government. If any amendment-of that kind was-intro. deiced, it should not necessarily be considered as leading to a revision of the whole government of India, but to particutar portions of it. There was only one other point to which he would refer—he alluded to the provi sion in the sth clause respecting the employment of the Indian army out of India, which had been suggested by Mr. Gladstone and adopted by her Majesty's Go vernment. He confessed he felt surprised, both at the suggestion and at its adoption, because he doubted if it was not altogether unconstitutional, as well as unwise, to declare that the executive should not have the power of employing the Indian army out of India, except to repel an actual invasion of the country, or on some urgent necessity. This reminded him of Mr. Pitt's faiiiong nrilFr reApecti..g Li4E5 volunteers, which h4tl been so much ridiculed, for it was equivalent to say ing, " Come forward, my lads, here is a fine opportunity of serving your country with perfect impunity." (Laugh ter.) With regard to the urgent necessity, he was of opinion that no military operations were justifiable ex cept in case of emergency and urgency. It they were to have an act of Parliament to declare war, and to justify the commencement of military operations, they would probably hav,2 an act of Parliament to declare peace, and in this way the important prerogative of the sove reign would be taken out of the hands of the Crown. (Hear.) The noble earl signified that he would intro duce an amendment for the purpose of removing the constitutional objection, but unless the noble earl was prepared to modify the clause to a greater extent than that he should feel it to be his duty to move the rejec tion of the clause altogether. These were the objections he felt to the measure. He hoped the result, at all events, would be to pass such a bill for India as would be not only for the advantage of this country, but for the benefit of their fellow-subjects in India. (Hear, bear.) The E id of ELLENBOROUGH said that his noble friend expressed a regret that it had not fallen to his lot as a Minister of the Crown to ask their lordships to agree to a measure for the government of India. But he could not have asked their lordships to agree to any measure in which a portion of tha Council of the Minister of India was not electel by popular election. Neither could he ask their lordships to agree to any pro potition in favour of a oempetitive examination for the engineers and artillery of the Indian army, which were two of the noblest corps connected with any m ilit a ry service, and whoeo recent deeds only added to a reputation which was already didused throughout the world. (Hear, hear.) The officers of these services were already chosen by competitive examination from the young gentlemen educated at A ddiscornbe. It might be possible, and even desirable, to erect another estab lishment or to extend Addiscornbe, but there was this great advantage connected wit's the present system, that they were not exposed to the risk of having persons forced upon them who were merely crammed for a special ex tmination, whilst they were sure of having persons who had received a really solid education in a military point of view. When he looked at the present moment to the names of those mon who illustrated their arms in India—to Sir John Lawrence, to Sir Archdale Wilson, to Eyre, to Tombs, and to others who had been brought up and educated under the present system—to propose now to alter that system which had produced men or such distinction seemed to him to be a most unnecessary and gratuitous ace, and a truckling to a temporary feel ing which existed elsewhere which he could have hardly supposed it possible any Government could have seceded to, (Hear, hear.) The bill:now before their lordships differed in principle from both the bilk which had pre ceded, and he considered it to he the bill of the House of Common's rather than the bill of the Government, (Hear.) The House of Commons was determined to pees ttns year a bill for India, and they had certain ob jects in view. They had the object of putting an end to the East India Company, of putting an end to the double government, of having one sole responsible officer who was to be entrusted with the government of ludia. They were desirous also—and he wished they bad oenfined themselves to this—of substituting the name of the Queen for that of the East India Company in the government of India. They put an end altogether to the Court of Proprietors and the Court of Proprietor", he must say, justly deserved that punishment, for they had not acteu under a sense of moral responsibility in the execution of their duties. (Hear ) He saw himself that, on two occasions, when the Court of PrOprietOTS had met to discuss this very measure which WtSieii intended to extingui.ll themselves, the court was cotr ear d , out, there being oily seven persons present. nd ri they hear.) That was an abdication on their part, had no right to ask others to defend theta when their con ,irec showed such luk e- a firmness in (Hear.) But they always looked tdo"flehnedu.orft(l Court t th o e f tors as being the Eria India Company, Indiaun d e w r a t s h i o b t i . n ( iy a e n a o r t , nexion with the government offted put an end to but wag perpetuated Proprietors elected 12 hear.) At present the Court out of the 18 directors, but under this bill the Court of Directors were empowered toe and th e government,lect seven m em b ers of the new council from th eir own body, in the exercise of their responsibilit y , must name at least on the part of the Crown, three of the other members of that court, so that ten at least, in the first instance of the new council, would be members of the present court. It was said that one-half of the future nominations should exot in the Crown, and the other half in the council. If the first person who died was a nominee of the Crown, the Crown gained nothing, and if the next member who aka was also a nominee 01 the Crown, the council having PREFERENCE SHARES. 48 - 50 95 - 97 1160 - 102 5i - 6 110 115 103 44. 108 115 - 4 118 113 - 116 132 - 134 79 - 81 119 - 121 112 - 114 64 -- C 6 ! 101 -- fl 91 -- 93 83 -- 854 84 -- 86 99 -- 100 9i -- 10 16 -- 17 9i -- 101 72 -- 74 18 -- 19 9 -- 9A 13i -- 140 138 -- 142 1160 - 185 121 - 123 67 - flu 138 140 102 lot 92 94 11i - 9i --- 97 .- 99 i - i t 23 -24 p 118 -120 105 -107 101 -103 118 - 120 125 - 130 73 - 75 101 - ILi 23i -- 244 101 -- 103 101 -- 103 ido 102 1G - 17 28 - 29 ••• ...... ••• 40 - 45 Blyth and Tyne 10 p. c.pref. (issd. at 501.) Bris.&Ex.4 p.c. St. Do. 4 per c. Shares.. Caledn. £lO 415 p. c. Ches. di Ho. 51 p.c. IDo. do. 5 per cent... ICork&Bandonsip.c. IDun.Porth.Saber.J.l E. Anglian Cle. A Sh. !Do do, Cis. B 6p, c. Do. do. Cls. C 7 p. c. Eas.Co.Ex,sp.c No.l Do. No. 2 Do. New 6 pr. c. St East Un., G. 6 p. c. Do. 51., 10 per cent. Do, 101, Debentr.Sh. IDo. do. 4 per cent East Ls,ncash.6 p.cts E.drlV. York. J. sths Edit'. dr Gil. sp. c. Sh. Ed.Prth. &Dun. 4p.c. Furness, 5 p. c Glas. dr 5.W.G.5 p.c Great Northn. 5 p.c Do. 5 p. c, Redeem at 10 p. c. prem Do. 44 per cent IDo. 5 p.c., Red. at b l a G p t t N s e a o p i v e c m . o Px. (Ireland) Do. 4 per c. Pref. St. I Gt. W. (B. &11. Ex.spc iDo. con. red. 4i p.c. Do. con, rod. 4 p. c. Do. irred. 4 per lent. Do. 5 p. c. rod. pref. Do. Birm. Pref. Sh Do. Chester Sp. c. P. S Do. do. 5 p. c. do Do, Birm. Gua. Stk Do. Chesh. Gua. Sh ' Do. do. do. Do. do. do Lan. & York. 6 pc. St Lon. &B. G. 5 pc. No 1 Do. ,P., 5 p.c.St.No.2 Do. New Guar. 6p.c. Do. do. 5 p. c., N 0.4. Lou, di N. W., Coy. dr Nuneaton 5 r . et Lon. & S.W. 7 per et late 3d Shares L ondy.& Color. ASh. Londy.&Ennis. Sh. M., S.,&L. G p. Do. do. do. £G Cant, Do, do. 34 per cant. Slarypt. &Carl. 4 p. a. Do. 4. per cent Do. do. .. Mid. Consol. 6 p. e. St. ll o.Can.llr.l3ir.6p.c. Do. 44 p. c. Pref. St. Do. L. &ff. Prof. St. Now.,Abor. • &c., p r. sp.c.red.sp.c.pm Do. Porpet. 6 pr. et Norfk.Deb.4p.e. Sh Do. 5 p. e. Ext. 1846 Do. 54 p.c. pf , 1847 Do.Wv.V.sp. . 1 1847 North British Do. 71. Preference N.E. Bores. 4 p.e.Prf. Do. do. do • I Do. Leeds 6 pa. No. 1 Do. do. Qrs., 1848 Do. York H. dr S. Pur North Staffordshire Ox., Wor. & Wolv. 6 p.c., Ist g,uar. Do. 6 p. c. 2d guar Do. do. Debentr. St Scot. Cent.Ncw Pref Sc.N.E.Aber.g.6p.c Do. do. 7 p.c. pf. St Do. do.3A p.c. pf. St South Devon Do. fixed 4} pr cent. S. Eastern (Reading Ann.) of £1 Os. 6d. o. 44 per cent Do. Fixed 4i p.a. Sh Do. New 4. pr. cent S. Wales Gua. 4 p. c. Do. do. 44 p. c ;S.Yorksh.4 p.c.Guar , Stock. &Dar., sp. C Do, do. do. Waterfddl Kilk. 6 pc BRITISH MINES. 'Alfred Cons. (PhiLk.) ;British Iron Condurow (Cambrn.) !Day • Gt • • Cnsls (Tay.) East Basset (Mogan) Great South Tolgus Grt. W. Alfrd. (Philk.) Grt.W. Vor (Helstn.) Lady Bertha N. Frances (Mogan) N.W.Basset (Illogan) North Wheal Crotty furkellis U. (Wend.)i Sort. Cons. Min. Co. S. Caradon (St. Clear S. Cain Brea (Illogn. S.W. Franees(lllogn. Tam. S. & L. Min. Co Tin Croft Un.Minos (Gwennap) V. of Towoy (Canlar.) W. Basset (Illogan) W. Caradon (Liskrd.) Wh. Basset (Illogan). Wh. Buller (Rdruth). Wh. Edward(Calstek) Wh. Kitty (U. Llant' Wh. Ma. Ann (Mouht.! Wh. Trelawney (Lis.: 9 - 10 t 3 - 4 60 - 70 475 - 485 85 - 90 14 • 15 - 2 61 - 8 1 9. - 51 1 - 1811 390 -• 4 00 - 3. 230 -- 24 31 - 3 1 70 - 9 0 23 - 24 95 - 105 180 - 200 2_6 - 240 4j 5 8 - 9 46 - 48 1 24 - 26 FOREIGN ' Australian Bon Accord Cop. ) Brazilian Imp. (i isuo d at .£5 pm) Do. Comes & Cnizas ,Do. St. John Del Roy 101tirendon Con. Min. Co. of Jamaica Cobro Copper Copiapo Dun Mountain Cop per Mining Co. Fortuna General Linares Lusitanian Mariquita New Granada Novean Monde Pont. Sil.LdM. & Smlt Port Philip Santiago de Cuba ;United Mexican hi I.N Zilm ii - i i - iP, 1 - 14 ••• - ••• U - 12 40 42 12 13 2 1 = 21 19 20 91 1 1 d 1 a 5 - - A 1 31 - SR MISCELLANEOUS. 1000 1000 Atlantic Tel. (Lim.) 25 19 Australian Agricult. 29 30 29k 10 all Australn. Royal Mail 1 10 all Berlin Water Works 31 41 10 2 , Do. New iss. at 5 7 . di 50 40 Brit. American Land, -_ lOO 321 Canada XII7 122 St. 100 Do.Go.6pc.JankJuly 113 114 1131 St. all Copper Min. of Eng. 23 30 25 all Do. Pref. 7 1 p. cent., 25 27 5 all Crystal Palace — lj 5 all Do. Preference 4 all Crystal Pal. of France 20 I all Eastern Steam 2. 3 • .• St. 100 ElectricTelograph 1 all Electric Tel. of Irel 5 all ;En. &Aust.Cop.Smeo —1; 11 10 103. Ear. & I/I(l.Jan. Tel. 9 all Eur.&Am.Stm.(lim.) 3 3A 20 %11 Gon. Ir.Se.Col.(lim.) 15 14 Gen. Steam Navigat. 20 5 London Discount. l d 4 4 all Loud. Gen. Omnibus 20 10 Magdalena St. Navig. 10 all Meditoran. Elec. Tel. 7i 8 10 all Do. Extension Teleg. 10 all Mexican& S.Amerien 25 5 Nat. Discount Co 10 6 Netherlands Land 10 I all Do. Do. 5 all IDo.Bp.c.Pf. ISE. at Id. 11 5 3 Do. Do. 100 80 ;New B. &N. S. Land 14 17 St. 100 IsT.S.W. Gov.S p.c.D. 9) 99 1 all N. B. AustraLoian... 20 all INrth.ofEuropeSteam 2 i 1 all Oriental Gas 1 10s. Do New Shares ....•• ip 5 all Peellir. La. & Nlitarl. 2 2i 50 all Peninsular & Oriental 781 79 1 50 10 Do. New — 8 p 50 all Rhymney Iron 100 60 Royal Mail Steam.... N - 61 1 all Scot. Austral.lnvest. 11 1 St. 100 S.Aus, Gov. 6 p.e.bds. 107 10 25 all South Austral. Land 36 1 all Submarine Tel. Scrip 1 1 all Do. Registered ...... 1 20 5 Trus.Ln. Co. Up. Can. ... 100 28A) Van Dcomen's Land,. 10i r 11 7* 10s. 16i all ay.) 9921 711 2 St. 12. 12 St: St. 12A 12i 12t St. 20 12 25 20 St. St. 25 10 L 0.61 20 25 25 St. 400 1100 1100 1100 'lOO all all i 2112 16115' 40 1256 li 20 11 - 181