The Sun. — London, England, 1859-03-26 00:00:00

JIONEY MARKET AND CITY NEWS. CITY, Two O'CLOCK. The Bank of England Return, completed to the 23d March, shows little variation of importance. The bullion, consequent upon the large purchases of silver on the Continent, has been slightly re ducel, and the reserve of notes has also been diminished to a very limited extent. In the other securities there is an augmentation of nearly a quarter of a million, owing to the increased activity of commerce, and the preparations made for the instalments on the various loans lately in troduced upon the money market. The Public Deposits show a slight increase, which is attribu table to the collection of the revenue ; but the Active Circulation has exhibited no material alteration. In the other items of the balance-sheet there is little change to report; the variations will be seen in the subjoined table : _ _ Active Circulation Increase .. Bullion .. Decrease .. Rest • • • . .. 220,332,185 • •• •• •• 930 19,864,535 - - " 58,197 g. 00 00 3,654,290 .. .. .. 1,814 .. .. .. 8,988,757 .. .. .. 144,260 13,601,339 • . • . 39,926 Increase Public Deposits Increase • . Other Deposits Decrease .. • • Seven Day and other Bills . Increase . • • • Government Securities 804,205 • . • • 39,207 10,696,147 No alteration. Other Securities .. .. 16,908,094 Increase .. • 204,482 Notes Unemployed .. .. 13,310,76,5 Decrease . 4930 ••• • • A statement was circulated yesterday afternoon to the effect that Messrs. Thomson, Bonar, and Co. had undertaken to contract a Russian loan of nearly £12,000,000 in a 3 per cent. security at 67. Prom inquiries, however, it appears that the firm in question have no information to give upon the subject. It seems as though they were without any vositive instructions, and were merely in receipt of telegraphic advices like the rest of the public. Perhaps it would have been advisable on their part to have issued some communication, showing how far the statements now circulated are correct. The re port, however, is believed at the Stock Exchange. If the intelligence should prove correct, the opera tion will not exercise a very powerful effect upon the money market here, as, according to rumour, i lists are to be opened in some of the principal cities of the continent, where Russian securities are held in high estimation. In the Liverpool Cotton Market yesterday a fair amount of business was transacted, and prices exhibited an improvement. The sales were esti mated at 10,000 bales. The foreign exchanges yesterday afternoon exhibited a slight decline. About £65,000 in bar gold was withdrawn from the Bank of • England yesterday for exportation to the continent. • In the market for Public Securities, to-day, there have been further indications of heaviness, a few operations having sufficed to cause a decline of per cent. The New Russian loan, and the adverse tendency of the specie movement, have produced an adverse effect, while the depression on the Paris Bourse also operates in a prejudicial manner. Con sols are now quoted 951 y, for money and account, Which is a declines of a per cent. compared with yesterday's closing quotations. India Stock has re eedecl to 220, and ditto Loan Debentures to 971- to 981 ; Exchequer Bills are steady at 335. to 365. prem. Business in the Foreign Stock Market is exceed ingly: dull, and prices exhibit a general decline, Turkish 6 per Cents. being 921 to 93 ; and ditto IVew Loan, 791 to 791; Brazilian 42 per Cents. have receded to 941 ; Mexican to 214 b ; and Sar dinian, 81f to 82. New Austrian Loan is 1 dis. to par. The transactions in the Railway Share Market have been on a very limited scale, and in most in stances prices have shown a downward tendency. Eastern Counties, North Western, South Western, Midland, North British, North Eastern, Berwick and North Eastern (York) declined ss. ; Great Northern, Great Western, Lancashire and York shire, 10s. Brighton, Bristol and Exeter, and South Eastern brought about former rates. The Foreign lines are very inactive. Lombardo- Venetian have receded about ss. In the Colonial Market prices have also given Way. Grand Trunk of Canada declined £1 ; Great Western of Canada, ss. ; and East Indian about 10s. to 15s. The New Debentures are quoted at Ito 11 prem., and the New Shares at par to pm. Joint-Stock Bank and Miscellaneous shares show less firmness. OHental Bank have declined 55., London Joint-Stock, 55., and Peninsular and Oriental Steam, 10s. BRITISH FUNDS—CLOSING PRICES. 3 per tent. Consols Annuities India Stock Ditto Debentures 97 81 Consols for Account 951 t March. June. Pxchequer Bills, £l,OOO, 2d. &10 36 3 I Ditto £5OO Ditto Small, lid. FOREIGN FUNDS—CLOSING PRICES. Brazilian 5 per Cent. Ditto 1858, 44 per Cent. 94f Mexican 3 per Cent Ditto Account Sardinian, 5 per Cent. — Ditto Account Turkish 6 per Cent — Ditto Account Ditto New Loan Ditto Account Dividends on the above payable in London. TWO O'CLOCK. Consols, Money 95! Consols for Account (April 7) 9ol MINING.—The share market generally has been affected by the panic, and an attempt made to depreciate several stocks. Wheal Margaret, however, have continued to rise, and have reached 73 to 75. Providence mines, 921 to 95. Wheal Basset have been dealt in at 1921 to 1971 • the minels looking well, and upon the best authority we learn is likely to continue its present rate of dividends for a long time to come. East Basset advanced to 240, but leave off 230 to 235. West Caradon, 80 to 85; at the meeting on Thursday a dividend of £2 per share (£1,024) was declared, leaving £2,187 15s. in hand. The report of the mine showed that the prospects had improved.—Mining Journal, this day. In the Bankruptcy Court, yesterday, the case of D. F. Oakey was heard. The bankrupt was a bookseller, in Paternoster-row. This was the examining meeting.. His debts are £1,600 ; assets of trifling amount. His Hon our passed the bankrupt's examination, observing that he would have much to answer for at the certificate meeting. The case of Collins and Collins was also determined. The trankfupts, described as publishers and map-sellers, of Paternoster-row,passed their examination on accounts showing about 800 due to unsecured creditors, and £1,600 to those holding security. PRESERVATION OF TWENTY-FOUR LIVES FROM FIRE. —A fire occurred in the metropolis yesterday, which would, in all probability, have been attended with the loss of 24 lives, had it not been for the prompt arrival of a fire escape. It appears that police-constable No. 165 U ran to the con ductor's station m Hatton garden, and informed the man that a fire had taken place in a large double house occu pied. by Mr. Kitchen, a cheesemonger, &e., situate at the corner of (Ireville-street, Leather -lane. The escape of the .Royal Society was immediately taken to the spot, when a scene that can with difficulty be described presented itself. Out of each window issued volumes of black smoke which obscured the front of the building, and the loud cries for help from 24 persons clearly indicated that no time was to be lost to effect their rescue, for the lower part of the pre mises and staircases were burning like a furnace. The con ductor (named Arkell) at once placed his escape in front of the house, and brought from the first floor seven persons, who were safely landed below. The jumping sheet attach e d t o the escape was next taken off and held by the police, when five or six persons were thrown from the second floor, and were received in the sheet without receiving any material injury. The remainder of the unfortunate persons were taken from the third floor and passed down the escape, save one man who managed to get upon the roof and pass through an adjoining house. The engines of the neighbour ing brewery, that of the parish, and several others of the London Brigade were remarkably early in their attendance, and a good supply of water having been obtained the fire men went to work in their usual intrepid manner, but they were unable to get the mastery until the lower part of the house was burnt out and the upper part seriously injured. Unfortunately most of the sufferers were uninsured, GALWAY HARBOUR.—A report has been made by Captains Washington and Vitch, and Mr. Barry Gibbons, as to the capabilities of the harbour of Galway. They con sider that for the purposes of a harbour of refuge nature has done all that is required, but with a view of facilitating the embarkation of passengers, mails, and goods, propose various engineering works. That on the smallest scale con sists merely of a landing jetty, and the removal of a small ledge of rock ; but if it should be decided to make Galway a permanent mail-packet station, they propose either to erect a pier to extend in a south-easterly direction from the south end of Mutton Island, about 800 yards into a depth of from five to six fathoms at low water of spring tides, which would cost altogether about £300,000, or instead of carrying out the chief works into deep water, to bting a low-water channel up to the existing harbour and dock, the cost of which scheme would probably be about £150,000. The third plan that has been prepared consists of a pier about 400 yards long, extending from the south end of Mutton Island, tie inner portion of it being built on open piles, so as to allow the sea and tide to pass through. This design, in cluding the necessary docks, would exceed £300,000. rHA.RE MARKET.-(THIS DAY.) ORDINARY SHARES AND STOCKS. bare Railways. iPaid. Closing I Business Price. 2.10 Amoerg., Notting. Bost. and Eastern Jup"iox 10 6 6; 50 Belfast and Ballymena all - - 3.14 Bir., Wol., and Str. Val all 75 85 toek Birk., Lane., and Chesh Junction lOO 62 64 25 Blackburn 25 Blyth and Tyne all 32 85 Lock Bristol and Exeter Lock Caledonian Lock Chester and Holyhead 100 - -- 50 Cork and Bandon all • - 20 Cork, Blkrock,&Passage all - - 20 Cornwall all 5 55 tA roves. no div 10 Do. A all - - until6p.e.per an. 10 Do. B all - - hasbeep pd.toß. 50 Dublin andßelfast June. all - - 25 Dun.,Perth,&Ab - .•.Junc all, 81 9 Lock East Anglian lOO 16 161 Lock Eastern Counties lOO 60 61 601 Lock Eastern Union A Stock 100 45 47 bock Do. do. B Stock 100 30 32 25 Do.Nyr.A.(lte.E.lrLds) 81 - - 25 East Kent all 14 15 tock East Lancashire lOO 921 931 20 East Suffolk all - - 10 Do - - :ock Edinburg and Glasgow 100 721 731 72 5 Nock Edin.. Perth, & Dundee. 100 27 271 10 Forth & Clyde Junction all - - tock Furness - - Lock Glasgow & South Westn l6O 93 94 10 Great North of Scotland all 10 101 Lock Great Northern lOO 103 104 1025 3 bock Do. do. A Stock lOO 87 8 9 ock Do. do. B Stock lOO 132 134 :ock Gt. South.& Wstn.(lreld) 100 105 106 ;ock Great Western ,ock Do.Str.VI.R ao ail Gua.Stk. 100 5B 12 Irish South Eastern all - - 50 Lancaster and Carlisle all 83 8 161 Do. Thirds 12 p 12i p 13 4 Do. New Thirds l6 111 sock Lancashire & Yorkshire 100 95 95} 9.5 16 Do. do. F £l6 6 lld 5 1 9 Do. do. 29 shares 7 3 Do. West Riding Union 4 - 20 Do. Southport - - ock London and Blackwall all 67 69 68 1 - Do.Newiss.at £slosp.sh - - ock Lon.,Brighton &S.Coasi 100 112 113 1125 5 1 ock London & North Westn 100 95 } 05 1 95 4 4 i• 5 1 [2l Do. Eighths 74 1 # d ock London& South-Westn lOO 925 931 925 3 L 5 L'derry & Coleraine - - • L'derry & Enniskillen all - - ock Ilan., Shef., & Lincoln lOO 3 8 89 38 k 0 Metropolitan 3 2 1 d ock Midland lOO 1011 102 1011 ock Do. Birming. & Derby. 100 75 76 it) Mid. Gt. West. (Ireland) all - - !5 Do. 1 Shares all - - ' • Neykastle and Carlisle all - 5 New., Aber., & Herefd all 11 12 O Newry & Armagh (def.' 9 - - !0 Newry, Warpt., & Ros all - - ock Norfolk lOO 60 62 ▪ North. Counties Union 3l 31 I d )ck North British lOO 60 eol 60 )ck Nor.Dey.RaiL&Dk. Stk lOO - - )ck Do.A Stk.- Arec.no div until 6p.c.hasbeenpdß 100 - - ock Do. B Stock lOO - ock North-Eastn.--Berwick 100 92 13 Int 5 Do. do. G.N.E.Purchase 1613 4 15 15 d ock Do. Leeds lOO 47 171 475 )ck Do. York lOO 76/ 17 765 1 )ck North London lOO 102 104 0 N. &S.We.stn.,Hampstd and City Junction £3 Is. - - 0 North Staffordshire 174 44 41 d 0 North-Western I) & Sou. W. Junction all 7 8 )ck Oxford,-Wor.,& Wolver lOO 34 34 1 D Peebles a - Portsmouth l9 7 5 d D Rhymney lO ick - Scottish Central lOO 110 112 ck South. N.E., Aber. Stock 100 261 27 ick Do. Scottish Mid. Stock 100 84 85 ick Shropshire Union lOO 46 48 ) Sittingbourne & Sheer all 3 21 d ick South Devon lOO 38 991 lek South-Eastern lOO 7t /1 701 ri Ick South Wales ) SouthYorks.&Riv.Dun all 60 70 ) Do. do lB - - ) Staines, Wok., & Wok all 8 11 S Stockton & Darlington all 361 371 I Do. do. 1855 7 - - i Do, do. 1858 4l - - Stockton & Hartlepool 164 - • ck Taff Vale lOO - - ck Do. Preference, No. 1 - ThamesHavenDk&Rail 22 ' - - ck Wale of Neath lOO ' 65 70 ok Waterford & Kilkenny 100 - - Waterford & Limerick all - I West Cornwall W-end Lon. & Cry. Pal all - - Do.A.-Arecy.nodiv.till 7 p.c. has been pd. to B all 2 3 Do. B all • 6 65 6 West London - - • Do. Ist Class all - Do. 2d Class all - PREFERENCE SHAICES. Sharel Railways. Blythe and Tyne It per c. pref. (issued at £5O) Bris. & Exet.4p.ct.Stock Do. do. do. Shares Caledon £lO, 44 per cent Do. Quar. Shares, No. 2. Chester & Holyhd, 54 pc Do. do. 5 p. ct Cork & Bandon, 54 p. c Dun. Perth,& Aber.Jun E.Angn. Class A 7 & spc Do. do. Class B 6 pc Da do. Chills C 7 pc E. Coun. Ex. 5 pct. No.l Do. do No.2 Do. New 6 per ct. Stock Eastern Union, 4 per ct. East Lane. 6 per ct E.& W. York. Jcn. tlfthe Edin.&Glas. 5 pc shares Edin. Perth,& Dun. 4 pc. Furness, 5 per cent Glam. &S West. , z a. spc Great Northern, 5 p. ct Do. sRedm.,lop.c.pm 14c Do. 44 p. c. do. do. Do.sp. c. Redm.,s pc. pm Gt. Nh. of Scotld, let pf ( Gt. Sn.& W (Ireland)4 ) p. ct. pref. Stock Great West. (Berke and Hants) Ext. 5 p.ct.. Do. Redeemable, 44 p ct. Do. Redeemable, 4 p. ct. Do. Irredeemable, do.. . De, 5 p. et. Redeem. Pref. Do. Birm. Pref. Shares Gt. West. Ches. 8 p.c.pf. Stk 20 took 12.10 Stock Stock stooks Stock Stock, Stock Stock Stock' 2 1 g 20 Stock Stock Stock, Stock Stook, Stock Stockl 12 14 Stock 6 Stock - 121 12 Stock Stock Stock 8 Stock 10€ 10 Stock Stock Stock Stock Stock, stock! Stock Stock Stock Stock Stock Sk Stockl Stock Stock Stock' 108. 1,0.11 Stock Stock' Stock Stock Stock 251 25 1 Stock shares ;Do. do. 5 p. ct. pref ;Do Binning. guar. stock Do. Chester guar.shares Do. do. do Do. do. do. Lan. & York 6 p.c. stock Lon.&Brig.spc. gu. No.] Do. pref., 5 p. c. ...No. 2 Do. New gua., 6 p. Do. do. 5 p c. No. 4 L on. & N. W. Cov. &Nun - eaton, 5 p. ct. ; Lon. &S : W, 7 p.ct. stock, late ad sbar;s Londondy & Cole, shs ,Londondy.& Ennis 4 eh & Lin., 6p. ct Do. £6 Do. 31 per cent. Maryport & Car., 4 p.c. Do. 4 per cent Do. Mid. Con. 6 p. c. Stock Do.Con.Bris.&Bir. 6 p.ct Do. 44p. C. pref. stock Do. with option till 1860 Do. Leic. & Hit.pref. st. Newport.Aber,&c.pret. s p. c. redeem, at 5 p. c.D m Do. Pet, 6p. a with option till 1866 Norfolk Deb. 4 p. c. shares Do. 5 p. c. Ext.Stock,lB46 Do. 54 p. c. Pref. do. 1847 Do. Way.VM.Ex.Sk 1847 North British, 5 per cent Do. New, gna. 5 per cent Dlek.Co. N-East. irred. 4 p.c. Deb. Do. Berwick, 4 p. c. Pref. Do. do. do. Leeds, 6 p. c. No. L Do. do. Quarters, 1846 Do. York, H. & S. Purch North Staffordshire . Wr. & Wol. 6pc. Ist g Do. do. do.; 2d gua Do. 41 p.c. Db. stk.in perp Scottish Central, new pt Scottish N.-Eastern deb Do. 4 per c. pref. stock Do.Aberdeen.gua.6 pc. Do. 7 p. c. pref. stock. South Devon. Ann. 10s. Do. Fixed 44 percent. South Eastern (Reading Ann.. 1 0 6 ) Do .44 per cent Do. Fixed 44 p.c. lst is Do. New do., 2d issue South Wales, gua. 4 p.c Do. 43 per cent " S.-Yorkshire, 4 p.c. gua. Stockton and Dar. 5 p.c. Do. 6 per cent iWaterford & Kilkenny, I 6 per cent. Paid'i Closing Business Price. Done. all 1100 110} } 100 100 100 100 all 1244 4 1401 1011 1 49 51 95 97 1 103 105 51 61 98 101 110 115 106 110 114 116 112. 114 129 131 82 84 71 73 110 112 118 120 110 112 104 106 63 65 11 111 96 98 87 E 9 88 90 100 102 9 i 10 } 164 174 94 101 72 74 184 194 9 4 9 4 14 144 1140 142 1118 120 160 165 1123 125 70 i 72 139 141 101 103 - i iP 94 96 91 10 111 111 9 9i 111 113 97 OR I #tl p 23} 231 123 125 118 120 99 101 loi 101 24 24i 102 104 1102 104 11 17 28 29 32 331 50 51 LINES LEASED AT FIXED RENTALS. Railways. red. ! Leasing Closing Business Co.'s. Price. Done. Bedford and Bletchley Buckinghamshire Clydesdale Junction .. Colchester, Stour Val. E.Lincolnshire,g. 6 p.c. E Union,liarwichShs. Do. Woodbridge Gls.Barr.&Neils,Drct. Do. New Gloster& Dean Forest Hartlpool.Dck.&Hall Hull and Selby Do. 4 Shares Do. Shares London&Greenwich Do. Preference Lon.,Tilby.&Soutend ' Do. Barking Shares Lowestoft, gua. 4 p. et Do. 6 per cent Manc.,Buxtn. & Matk Midsb. R edcr, g.6p.c Mid.BradfordPri. Stk Newmarkt.,BuryEx ) guaranteed 5 p. c. j Northn.& Eastn. 5 p.c. Do. do. 6 per cent. Do. Fixed 5 per cent. Preston and Wyre. Do. Shares slyitvisiotnitiLaiteGhoit re. Shrewsbry& Hereford South Staffordshire .. Wear Valley, g. p. c. Do. do. Wilts and Somerset Wimbledon& Croydn Share Docks. Ln & N.W Ln & N.W Caledonia E.U.&E C Gt. North. E.Counts. Caledonin Do. Gt. West Yk.N.&Br Yk.N.Md. Do. Do. S. East Do. Peto &Co Do. Norfolk Do. LN W&M Stk.& Dar Midland . E.Counts. Do. L&N w & L.Ylc. Do Gt.Nortlt Lan.& Yk T Brasmay M•Clcan Stk.& Dar Do. Gt. West L.&Brgtn DOCKS. 98 100 102 104 17 18 142 144 41 4i 109 111 M M 115 120 93 94 96 98 4} l 57 59 !137 140 91 Di 10k 11i 89 91 [ 8 9 Stock Commercial lOO Stock Do4pereent.Pref.Min lOO Stoek East and West India lOO _ Stock London lOO Stock St. Katharine lOO Stock Southampton lOO .... Stock Victoria 20 Do New ..........u.. 18 Paid Closing 1 Business Price. Done. Share , 12.10 13.14 Stock Stock Stock Stock Stock Stock Stock Stock Stock 161 1613 4 Stock Stock Stock Stock 12 Stock Stock 10 Stock Stock Stock 50 Stock Stock Stock Stock Stock 25 Stock 13tock Stocks Stock IDo. . ib - ,3: : THE SUN; LONDON, SATURDAY Paid.' Closing I Business Price. Done. 85 88 i id # S 4, icL, s} 7 _1 85 90 82 Re, 80 84 I Par i p P I }di 102 103 i I P 1911 24 35 37 75 77 93 94 101 102 par 1P! 15 15i 51 4} d 103 105 103 105 103 105 1 97 99 17 8 1 18 19 20 1 18t 1 g - -d d, 1 3 ' 2U 21 }d IT Id iparl Id pare Share) Railways. Atlantic & St Lawrencel Leased at 6 per cent.. Bom.,Baroda&Cent.lndl gu. 5 per cent Do Do. Addit. Capital A Do. Do. Buffalo and Lake Huron Do. New Buffalo,Brant.&Godrich 6 p. ct. bda. 1 Aug., 1872 Do. do. 1 July, 1873 Do. do. 1 June, 1874 Clcutta. &S. Ea s trn . Lim. Cape,Eastn. Prov.(Lim.) Cape Town & Dock Scrip Central Oude (Limited) Ceylon Guaranteed 6p.c Demerara Eastern Bengal.gu.sp.c 'East Indian, au. 5 p. c Do. C Shares Do. E 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. Gt. India Pen in. 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 apt. till '6O Do. do. '73 till '6O Do. do. 'l3 without opt Do. 54 p. c. do. '77 do Madras, guar., 44 p. c Do. do. 5 per cent Do. 4 p. c. Extension Do. Third Ex. gua.s.p.c Do. Fourth do. Melb. Corp. 6 p.c. Bonds Newßrunswick&Canda. Ry.&Land(Lim.)g.Cpc I Class ACapitl. Share Do. do. Land do Do. do. B. Capital do Do. do. Land. do Northof India Tramroad Limited, Scrip Oude (Limited) Scinde Do. } Do. New 8 Do. Punjaub Do. Indus. St. Flo. bk e ,'" St. Andrews & Quebec A Trinidad(Limited) Scrip FOREIGN RAILWAYS. Antwerp & Rotterdam Ardennes Bah.&S.Fran.,Lim.7p.c. Belßelgian East. Junction Beziers to Graissessae Carmeaux Mine & RUI Dutch Rhenish Eastern of France Euphrates Valley Great Central of France Gt. Luxem., Con. she 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, tru a. 6 per cent Paris,Lyons, and Medit. Paris anu Orleans Recife& S. Fran. (Pern.) olia. 7 p. et. (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. 5/ p. c. Preference . W. & N.W. of France Western of Austria Wester of Switzerland Wiesbaden Do 8 per cent. Pref Zealand.. 41 51 Id P 1 1 It 2} 5 41 d !Of 27 —p 61 7 1 1~ 8 20 8 f 2(4 37 37 - 9 1 - O P , 337} 34 53 45 '.l t d 9k 9- 20 21 .5 1 6 91 91 23. 245 BRITISH ALINES. lharel Mines. Paid. I Closing 1 Business Price. Done. Alfred Consols (Philack) 2.11.10 64 74 20 British Iron Condurrow (Camborne) 2O 10 Devon G. Cons. (Tavist.) 1 465 475 East Bassett (Mogan). 30 230 240 228 Great South Tolgus l7s 12 14 131 . G.lVhealAlfd.(Phillack) 11413.8 24 34 G. Wheal Vor(Helston) 94 1 Lady Bertha lBs 6d • 1 1 1 North Frances (Mogan) 84 7 8 North Wheal Crofty 7.9.4 7 8 N.Wh'l Basset (Illogan) nil. 9 10 Par Consols (St. Blaxv) 11 14 15 ••••. Porkellis Unit. (Wend.) 9 - - Sortridge Cons. Min. Co. 6s 1 4 SouthCaradon (St.Cleer) 24 465 475 South C. Brea: Illogan). 2 24 3 S Wheal Fran. (Mogan) 18.18.9 200 210 5 Tamar Silver and Lead Mining Co 44 11 2 10 Tin Croft 9 4 44 UnitedMines(Gwennap) 40 -- - Vale of Towey (Carm.) 12s 6d 4 1 West Basset (Illogan) l4 21 23 W. Caradon (Liskeard) 2O 75 80 Wheal Basset (Illogan) 5l 190 200 Wheal Buller (Redruth) 5 130 140 Wheal Edward (Cale.) 54 21 31 Wheal K ittv (U. Lelant) 1.7.2 II 12 Wh'lMaryAann(Meithe) 8 47 49 Wh'l Trelawney (Lisk.) 44 30 32 FOREIGN MINES 20 Australian 71 1 1 1 Bon AccordCopper,Lim. 108 i 1 p 35 Brazil. Imp. (is. at £5 p.) 27 1 14 20 Do.St.Johndelßey,Liny. 15 11 1' 5 Do. Lard and Mining Cl. all 14 2 1 C'arendon Consols Min ing Co. of Jamaica 40 Cobra Copper all 36 38 Copiapo l6 10 12 1 DunMoun.Cop.Ming.Co ell / 1 2 Fortuna 20 General all 23 25 3 Linares all 91 101 101 5 Lusitanian 1 Mariquita all I ; 1 New Granada all 1 N.RhineCop.of S.Aus.L 10 4 1 p 111 20 Pontgibaud Silver, Lead Mining and Smelt all 4 5 41 • 5 Port Philip 30 Santiago de Cuba l6l 1 1 28.2.81 United Mexican all 24 2 COLONIAL GOVERNMENT SECURITIES. Share Securities. Paid. Closing Busines s Prices. Done. -- Can.Gov.6p.c.Ja. &July 100 115 116 Do. 6 p.c.Fb.&Aug. 100 113 'll5 Do. 6 p.c.Mr. & Sep. 100 113 115 . N.B.Gov.a p. c. Ja. &Jtily 100 1114 1124 -- Do. 6p.c.Ap. & Oct. 100 -- - N. S.W. Gov. sp. c. Dab. 100 103 104 NovaScotirGov.6 p.c. St. Deb. redeemable, 1875 100 1114 112 S.Aus.Gt.6pc.Jan&July 100 1114 1124 - - Vict•Gov.6p.c.Jandauly 100 JOINT-STOCK BANKS. Shari Joint-Stock Banks. Paid, Closing Busine ss Price. Done. 100 Agra&UnitedSer viceßk 50 68 70 684 8 40 Australasia all 25 Bank of Eg-ypt all 244 25 100 Bank of London 5O 45 47 40 Brit. Col. Bk. & LoanCo all - S 0 British North American all - - 20 Chtd. Bank of India, iltc 10 14 1d 84 100 City 5O 62 64 634 100 Colonial 25 - - 20.11 Corn. Bark of Canada all - - 100 Commercial of London 2O - 20 Eng,, Scot., & Aus. Ch all 16 164 161 20 Gen. Bk. of Switzerland all - • 20 Lon.Char.Bk.otAustral. all 234 24 231 4 50 London and County - 29 8 60 London Joint Stock - - 314 100 London & Westminster 2O - - 50 100 Nat. Prov: of England 35 - - 20 Do. new lO - - 50 National Bank 25 - - 20 New South Wales 25 Orient. Bk. Corporation all - - 41 20 Ottoman Bank sll 214 22 Provincial of Ireland - 10 Do. New all • - 25 South Australia - - 25 Do. New - 25 Union of Australia all - 25 Do. New 2O - 534 I 50 Union of London lO - • 241 1 100 Unity Mutual 55 - - 100 Western Bk of London 50 214 2041:1 ISCELLAN EOUS. Share) Miscellaneous. Paid. Closin g ißuitiness dons Price. 10 Anglo-Mexican Mint 1000 Atlantic Tel. (Limited). all 220 250 25 Australian Agricultural 19 33 34 10 Australian Royal Mail . all j 4 10 Berlin Water Works 10 Do New, issued at £5 die 3 - 50 British American Land 40 - 50 Brit. & Irish Mag.Tel.A. all 384 384 20 Do. B, 7p. c. till 1862 all 19 21 20 Do. C 100 Canada Land 324 126 130 10 Chan.lslands Tel.(Lim ) all 9 10 Stock Cop.Min.otEng.&Smitg all - 25 Do. Preference 74 per ct all 24 25 5 Crystal Palace. 5 Do. Preference all 5 5} 20 Eastern Steam all - - Stock Electric Telegraph lOO 103 105 5 Eng. & Aust. Cop.St.Co all 4 1 10 Europ. dand.Junct.Tel lO5. . I d 9 Europ.&Am.Stm.(Lim ) all 20 GLlron ScrewCol.(Lim all - - 15 Gen. Steam Navigation. 14 - - 25 4 5 20 London Discount 5 1411 . 4 Lond.Gen. Omnibus Co all 11 14 10 Mediter. Electric Teleg all - 10 Med. Exten. Tel. (Lim ) all 5 6 25 National Discount Co 5 4 4 d 10 Netherlands Land 6 - - 10 Do do all 1 2 5 Do 8 p.c.Pref.,is s. at Idis all 1 14 100 N.Br.&NovaScotiaL and go _ 1 N.B.Australasian (Lim.) all 4 1 20 North of Europe Steam all - 1 Oriental Gas 1 Do. New Shares lss. 4 dig par 75 Peel River Land & Min all 24 3 50 Pen. & Oriental Steam all 83 85 84 4 3 4 .50 Do. New lO 13 14 p2B 20 Red Sea & Ind. Telegr lO 4 p 1 50 Rhymney Iron 15 Do. New all 64. 74 100 Royal Mail Steam 6O 62 64 1 Scot.Austrin.lnv.(Lim ) all 1124 125 25 South Australian Land all 36 37 1 Submarine Teleg. Scrip all 1 1 1 Do: do Registered all I 1 20 )Van Ltt.Co.of Upr. Can. 5 - 100 iVan Diemeu'o Land 214 9 U 20 20 100 100 190 17i ao S 007. Sto. I Stock 106 100 20 { gi 100 I 100 100 100 stock 20 20 20 20 20 20 20 10 10 1100 100 100 1. 3. 0. 2s. 6d. 2 all 5 100 all all all 1100 100 all 100 all -1- al THE lONIAN ISLANDS, Earl ST. GERMANS seeing the nobleearl inhis place, he begged to put a question to him. When his noble friend (Earl Grey) withdrew his motion for the production of the correspondence on the subject of the lonian Islands, he did so in consequence of the noble earl stating as a reason for not producing the papers that the effect would be to cast censure on some persons who would not be in a position to give a satisfactory answer. An impression had arisen amongst the friends of Sir John Young, in which he (Earl St. Germans) did not participate, that he was in some way alluded to. It would however bei satisfactory to Sir John. Young if the noble earl would give a denial to the state ment in his place in Parliament. The Earl of DERBY said he trusted he should be able to give the noble earl a satisfactory answer. Ho did not use the word censure. Earl ST. GERMANS--That is not important. The Earl of DERBY—In what I did say I had not the slightest idea of castinganyreflection upon Sir John Young who had acted during the time he held office with great ability and discretion in a case of great difficulty. THE GREAT CLOCK. Lord CAMPBELL said he had expected, when ho re turned to town from circuit, to find the great clock of the Houses of Parliament going. (Hear, hear, and a laugh.) Although he knew the noble earl was occupied at the pre • sent moment with matters of much greater moment — (laughter)—he must again ask him what steps had been taken in the matter, and when there would be a likelihood of the clock being in going order. The Earl of DERBY said, after the noble lord had asked him the question on a former occasion, he had conferred with the Board of 'Works, who in their turn had conferred with Sir C. Barry, and he informed them that the bell was entirely in the hands of Mr. Denison. He had, however, 1 reason to suppose that in a very short tima the clock would be in working order. He could at any rate inform the noble and learned lord that since he had spoken the clock had passed on ^at least half-an-hour. (Hear, hear, and laughter.) POOR LAW (IRELAND). The Marquis of CLANRICARDE presented a petition from the guardians of the Tuam Poor-law Union, relating to the baptism and religious education of deserted children in Ireland, and moved for a copy of a letter addressed by the Poor-law Commissioners of Ireland to the Tuam Union upon the subject. The noble marquis entered at some length on the present - system, which he said engen dered great irritation and acrimony. The Earl of DONOUGHM ORE thought that legisla tion was much wanted on the subject alluded to by the noble marquis apposite, but he must say he thought the disadvantages of the present system had been very much exaggerated. After a few words from the Marquis of CLANRICARDE he motion was withdrawn. THE INDIAN MONEY MARKET, The arl of ELLENBOR,OUGH then rose on the mo- tion of which he had given notice, " That there be laid be fore this house copies of all the notifications issued by the Governor-General of India in council from the commence ment of the year 1857 to the present time, relative to the terms on which the Government of India would receive money on loan." He said the recent accounts received from India were so very serious as regarded the financial embar rassments of the Government in that country that he thought it right to call their lordships' attention to the subject. There had been a fall of 9 per cent. in the Four per Cent. Stock, and of 51 per cent. in the Eight per Cent Stock. That the funds should have fallen at that particular mo ment was the last thing that should have been expected, having regard is political aspects. The rebellion was put down. Tantia Tepee and the Begum and the Nana had sought refuge in Nepaul, and everything looked as if they were returning to a pacific state of things. Just at this juncture the Government resorted to a fresh scheme for raising money on loan in India, and he believed it was im possible to attribute the great fall that . had taken place in the Indian funds to any other circumstance. It had not, however, merely affected the price of funds, but he under stood that the Bank of Bombay had been in difficulties so far that it had been unable to accord the usual assistance given to mercantile men who, had been compelled to resort to the native bankers, and were paying 13 or 14 per cent. for money. It was also said that the Government were in pecuniary difficulties, and that they had been compelled not to pay the salaries of the civil servants in full, but to pay them only in part. Undoubtedly the rebellion had caused great pecuniary difficulty. It was felt at a very early period that the Government would be under the ne cessity of making an alteration in the terms on which they were willing to receive subscriptions to the Five 'per cent. Loan. They were compelled to permit the holders of Four per Cent. Stock to subscribe one-half in cash, and the remainder in that stock at par. Unfortunately the Go vernment at the end of 16 or 18 months resorted to a Five-and-a-Half per Cent. Loan, and the consequence was a great reduction in the receipts on the Five per Cent Loan. It was impossible to get the loan filled up. No difficulty occurred last year when no less a sum than six millions were subscribed, and he believed that nearly two millions were subscribed in the previous half leer. Under these circumstances the government of India, on the 13th of July last, laid a letter before the directors, in which they proposed to obtain a loan at 6 or 51 per cent., according to the condition of the money market ; the second was to raise from the directors a sum of one and a half or two crores of rupees; the third was to effect a Six per Cent. Loan; and the fourth was to issue Treasury notes at not less than 500 rupees, each bearing an interest of six per cent. The Secre tary of State for India was induced to adopt the latter sug gestion,_which he thought was a most unfortunate resolu-. tion. Unless for some palpably useful object, it was most impolitic to disturb the money market. The issue of Trea sury notes in India, which were equivalent to Exchequer Bills in England, was totally unfitted to the circumstances of India, and he believed was calculated to do great injury. There were different sorts of banks in India—the chartered banks, which took deposits on call, and the unchartered banks, which took deposits on notice, varying from ten days to a year. If the Government offered inducements to with draw this money, the result would be that the banks would be unable to afford the usual mercantile accommodation, unless they sold stock, and that again would derange the money market. The money so deposited in the banks was used by the bankers in advances on indigo and other pro duce, and if it were withdrawn the result would be that the banks would be compelled to withhold their commercial ad vances, and there would be a panic. He should therefore deprecate a large issue of Treasury notes in India. He observed in the . public press of India a general desire was expressed that, instead of resorting to an open loan, which had been the immemorial custom in India, the Government should raise a loan in a similar manner to that practised in this country. In this country capital was in large masses, and the capitalists acted in concert, which gave facilities for effecting loans in the manner adopted here, but in India capital was dispersed in many hands, and he did not think that a loan could be effected in that manner, unless very high interest was offered. Besides, the govern mentin India never knew the amount it would require. It was always either at war or going- to war. This being the state of things on the 20th of January, the Government gave notice that after the 30th of April the 4 per cent. stock would no longer be received in subscription to the loan then open, but that Treasury notes would be issued at an interest of about 51 per cent. Now, two errors were committed in adopting this course. In the first place, there was the error of attempting to raiso a large sum of money by Treasury notes in that country, and there was this further error, that it ne cessarily depreciated the 4 per cent. stock. On the 10th of February an alteration was made, and it was stated that the notes should be issued for as low as 200 rupees. On the 21st of February a further alteration was made. It was declared that after the first of May Treasury notes'should be issued, not at 51, but at 41 per cent., and another notice was given that 5 per cent. stock might be subscribed, but not a word was said as to the 4 per cent. stock, which was the great stock of the country. Under these circumstances, it could not be a matter of wonder that the Gove r nment found it difficult to raiso money on loan. Now, what we had to con sider was, whether it was open to us here to do anything to relieve the Government of India. What occurred to him was that the home Government, instead of taking powers to raise £7,000,000 in this country, should take powers to raise £12,000,0000. Ho did not know that it was necessary to raise that sum, but of this he wasquite sure, that the know ledge in India that there was the possibility of raising that sum here would materially assist the Government of India. The Earl of DERBY said it was difficult to overrate the importance of the question which his noble friend had brought before them. It was his wish to conceal from Par liament nothing with regard to the state of India. He said it with regret that its financial prospects werenot as good as when the Secretary of State for India brought forward his proposition to raise a loan of seven millions in this country. The noble lord had accurately stated the proceedings that had taken place in India, and shown that in point of fact, although we were nominally raising a 5 per cent. loan, yet inasmuch as only one-half was received in cash and the rest taken in 4 per cent. stock, it was in reality a 6 per cent. loan. In the meantime Treasury notes were issued at the, rate of 61 or 51 per cent. Now he was not prep a i e d t o say whether it was altogether judicious to issue these notes simultaneously with the announcement respecting the loan, but no doubt that after the 30th April, when 4 per cent. stock would no longer be taken, they would very consi derably augment the quantity of paper. But he had great doubts as to the immemorial practice in India with regard to open loans. There might be circumstances in the parti cular condition of India that might render it necessary to resort to that course, but in point of principle he could not conceive anything more objectionable in practice than keep ing open loans for an indefinite amount. The result was that if the Government found themselves in funds, they took the step which Was taken by Lord Dalhousie. They reduced theinterest. He reduced it from 5 to 41 per cent. That was the step which of course caused great discontent among the lenders. But if a change of' circumstances took place, and it became apparent that the Government was in distress and in difficulties, then the capitalists, not knowing- what amount would be required, were always hanging back, waiting to seo what better terms Government would give. He thought, therefore, that when the Government wanted a loan, they would intimate fairly 'what was the amount that they required, and they should not go i n t o th e market for some time after. Ho saw by the last tele graphic information received from Bombay that an an nouncement had been made that the loan would be open to the amount of £5,000,000, at 51 per cent., and that no further sum would be asked for in India this year. He had before him the estimate of the Secretary of State for India of the receipts and disbursements laid before Parlia ment, from which it appeared that on the 30th April, 1860, there would be a deficit of £5,500,000, which included the raising of the cash balance from £78,000 to £1,000,000. Under these circumstances it was that the Government came to the conclusion that they would leave a sufficient margin if they took powers to raise a loan o f £7 , 00 0,000. The Government of India sent a despatch on the 26th of January to the Government in this country, in which they made several propositions, one of which was to supply all that was required by remittances in bullion from London, and they requested that a crore of rupees might be sent, one half to Calcutta, and the other half to Bombay. That was acknowledged on the 9th of March, when the Secretary of State for India told the Indian Government that it was im possible for them to entertain for a single moment the idea that all their demands could be supplied by remittances of bullion from London, but that in the meantime ho would transmit ono million for their immediate requirements. One portion of that million had been sent, and the other would be sent shortly. But after the despatch was written, and before it was sent, there was received a second despatch of 5 i 61 41 1021 I zoi 20 1 3 4 i 5 77 93! 15} 8 7/ 191 • EVENING, MARCH 26, 1859. IMPERIAL PARLIAMENT HOUSE OF LORDS-(YESTERDAY). Their lordships assembled at half-past four. ROYAL COMMISSION. The Royal Assent was given to the Consolidated Fund Bill, the Mutiny Bill, the Marine Mutiny Bill, the Enclosure Bill, the County Courts Bill, Anniversary Day Bill, and the Burial Places Bill. The Lords Commissioners were the Marquis of Salisbury, the Earl of Hardwicke, and the Lord Chancellor. Their lordships adjourned during pleasure. The LORD CHANCELLOR took his seat on the woolsack at five o'clock. the sth of February, which took a much more gloomy view of the state of the Indian finances. According to that de spatch it appeared that after allowi gig for an increase in the revenue as compared with the pri 'sent year to the amount of 280 Lacs, upon which it was V nought they might fairly calculate, on the 30th of April, 1.869, there would be a defi ciency of 1,140 lees, that was to say - in round numbers, 11 'Willem and a half sterling. he ma de out the statement at the rate of 2s. the rupee. And deducting the million which would be received from .England, that would leave a defi ciency to be provided for of 'lO millions and a half. But that 10 millions and a half proceeded on the assumption that it would be necessary I,y the 30th of April, 1860, to raise the immediate balane' ain hand up as high as 12 IW-- lions. The estimated b alance in hand of the Indian Government on the 30th of April, 1859, was £8,860,000. The deficiency would be reduced to about £9,500,000, and to provide for it the Indian Government had felt it to be their duty not to depend alter nether on loans, but to make an effort to ascertain whether it was not practicable to increase the amount of local taxatimn in India. And by the despatch sent on the sth of Febrrinry the Governor-General in Council announced his intention of raising a certain amount partly by taxation on imports, partly by extending the system of stamps to the towns of the presidency to which it had not previously applied, and partly by a species of excise duty upon home-grown tobacco. It was estimated that these re sources would produce about £1,500,000, and thereby reduce the deficiency to be provided for to £8,000,000. Of that amount £5,000,000 would be raised by means of loan in India, and the remaining £3,000,000 would have to be found by the British Government, so that £3,000,000 would be re quired to be sent out to India over and above the £1,000,000 already transmitted. The Government had, therefore, come to the conclusion that it would be necessary in the cour se o f the present year to ask th e sanc ti on o f Parliament for rais ing a further sum of money beyond the £7,000,000 already voted. He could not state the precise sum at that moment ; but certainly it would not be less than £3;000,000, and might probably amount to £5,000,000. He ought to observe that in calculating the deficiency the Indian Government had altogether excluded any claims for prize-money that might hereafter arise, or any claim that might be made for damage or injuries sustained during the mutiny. It was impossible at present to make any calculation upon either of these heads ; but there was this to be said, that claims for compensation might be met to a considerable extent out of the proceeds arising from confiscated territories. With regard to the question of prize money, it was difficult to esti mate what that amount would be; but, on the other hand, it was only fair to bring into the account the deposits received in this country for meeting the railway expenditure of India. This year about 4500,000 would be remitted to India for that purpose ; and next year it was calculated that the amount would be considerably larger. Their lordships would observe that the Indian Government had debited themselves with the charge for railway works; but they had taken iv J credit for the £4,500,000 remitted. He thought he had n placed before their lordships as clearly as they could d(asire the present financial state of India, and in doing so het had put their lordships in possession of the latest intellige nce the Government had received on the subject. Hi:4 noble friend who had introduced the 'subject had given '.rotico of his intention to ask whether the Bank of Bombay had been compelled to limit its accommodation, and whet)Aer the offi cials had in any degree suffered, from part of their allOw ances being kept back. He could only say th At the Govern ment had not received any information on :,be subject. The only intelligence they had received came by telegraph from Bombay, and it contained only an Intimation of the Govern ment intention to raise a 51 per cent, loan, commencing from the 30th of April next. It did not make any mention of further embarrassments. With regard to the motion of his noble friend, he should not have the least difficulty in laying on the table the various communications that had been received; and he would lay on the table the despatches to which he had referred cf the 26th of January and tho sth of February, and the answers sent to them by the India Board on the 9th awl 16th of February. It was exceedingly desirable ti a the Indian Loan Bill, now before Parliament, should be passed as speedily as possible; and he might, per haps, be allowed to express here a hope that, after the ex planation he had given to-night, no imputation would be thrown upon the Government of their having in the first instance intentionally raised an insufficient sum. If the Government had been in possession of the same information which they had now when they introduced the bill, the pro bability was they would have asked for power to raise £12,000,000. As, however, the bill had made some progress, it would be more convenient to proceed with it as it stood, accompanying it with the intimation that in all probability an appeal would have to be malle to Parliament for a fur ther sum. (Hear, hear.) The Marquis of CLANRICARDE did not think the noble earl could have made his statement more clear than it was. No one could doubt that if India were properly go verned the revenue would yield a far greater amount than It does now. Under the existing form of the Government, which was in his opinion no improvement upon the old, ha saw nothing to hope for in the future of India. The Earl of ALBEMARLE said the present system of raising Indian loans was radically bad---it excluded the na tive capitalist from contributing towards the exigencies of his country. In his opinion the entire system should be changed, and India made to raise and support her own loans. Lord MONTEAGLE acquitted the Government of all intention of concealment in this matter, and suggested that the bill for raising the £7,000,000 should be advanced with as much despatch as possible. The Earl of ELLENBOROUGH reminded his noble friend that there was a clause in the India Bill originally by which it was proposed that certain commissioners should be appointed to investigate the accounts of the different de partments in India. The clause was omitted in the House of Commons. He thought that there was necessity for some such arrangement. The Earl of DERBY said he, to a certain extent, agreed with his noble friend, and a question was now under the corsideration of the Government whether some competent persons should not be sent out to investigate the state of the accounts in India. The motion was then agreed to. BARON PENNEFATHER. The Earl of LEITRIM rose to ask the First Lord of the Treasury if it was his intention to recommend to her Majesty to confer any honour, distinction, or dignity on the Hight Hon. Richard Pennefather, late Aaron of the Exchequer in Ireland, for his long and meritorious services? He stated that the learned judge had been 38 years on the bench, and had performed his duties in such a manner as to gain the esteem of every class in Ireland. He was glad that the noble earl (Carlisle), late the Lord Lieutenant of Ireland, and the noble:and learned lord (Campbell), formerly Chancellor of Ireland were present, as they would be able to add their testimony to the merits of the learned judge. The Earl of DERBY said, if the object of his noble friend was to offer, as he had done, a grateful tribute to the merits of Baron Pennefather, and to elicit similar m a r k s o f admire- as•aaaaaa tion and respect from-those noble lords who were present, and especially the noble earl opposite, the late Lord Lieu tenant of Ireland, and the noble and learned lord who during his tenure of the Irish chancellorship had such long and ample opportunity—(laughter) —of appreciating the services of Baron Pennefather, he had attained his object, and he (Lord Derby) would be the last t o re f use hi s t r ib ute o f re spect to the distinguished gentleman who had sat so long on the bench, who had been so universally esteemed and re spected, and who, notwithstanding infirmities which might have incapacitated other persons, was acknowledged to have performed the duties of a judge better than most men. Wit'a regard to Baron Pennefather's uprightness and high cha racter, as well as with regard to his abiliti es an d conduct as a judge, he never heard but one opinion; but ho wars not aware that Baron Pennefather or his friends expectfxl that in his honoured retirement any peculiar mark ~ tf favour should be conferred on him by the Crown • and, he hoped his noble friend would excuse hi m if h e said tlott this was not a subject that could be dealt with by that house, but by the Crown alone, and therefore he must respectfully decline to give any further answer to the question. THE TRADING COMPANIES ACT (1859) BILL.— THE MEDICAL ACT (1858) AMENT)MENT BILL. The reports of the amendments to thet , .3 billswere severally received. OATHS ACT AMENW,IENT BILL This bill passed through ertnriiittee. The house then adjoiumed. HOUSE OF COMMONS.—(YESTERDAY.) The SPEAKEF. took the chair at four o'clock. PRIVATE BUSINESS. The P:Avistock Markets, Streets, and Improvement Bill, and Warrington and Stockport Railway Bill were read a tlArd time and passed. The following bills were considered and ordered for third reading:—Central Wales Railway ; Mid-Wales Railway ; and Red Sea and India Telegraph Company (No. 2). The report on the Atlantic Telegraph Company was brought up and agreed to. ROYAL COMMISSION. The members of the house were vummoned to the bar of the House of Lords, to hear the Royal assent given by commission to several bills. PETITIONS. Several petitions were presented against the Government Reform Bill ; for the abolition of church rates ; for the repeal of the duty on paper; against the Local Rates Exemption Bill ; in favour of a comprehensive and satisfactory Reform Bill being introduced with as little delay as possible ; for the exemption of charitable institutions from local taxation; against the Highway Bill, &c., &e. THE GOVERNMENT REFORM BILL. Mr. D. GRIFFITH gave notice that on Monday he would ask the Chancellor of the Exchequer whether uni formity of franchise was a principle or merely a detail. (Hear, hear.) Mr. W. 0. STANLEY gave notice that, in the event of the Government Bill not being read a second time, he would move that this measure, not being satisfactory to the country, the Government were not entitled to the confidence of the house. (Cheers.) SALUTING THE HOST AT MALTA. Major S. KNOX asked the Secretary of State for the Co lonies whether he had any objection to lay on the table of the house a copy of any orders that had been sent to the authorities at Malta relative to the garrison orders in force in that fortress ; also, what instructions the Government proposed to issue in regard to soldiers being called upon to salute the Host, or any religious personage or procession, either in that island or any other part of her. Majesty's Co lonial possessions? Sir E. B. LYTTON said that there was au old garrison order directing the Host to be saluted, but subsequently another order had been issued by Lord Hill, and he (Sir E. B. Lytton) had given instructions to the Governor to obey that order, and in future the salutation alluded to would be discontinued. The Bishop of Malta received the same honours as a brigadier -general, and it would not be politic to discontinue such honours. THANKSGIVING FOR THE TRANQUILLITY OF INDIA. Sir H. VERNEY asked the Chancellor of the Exche quer whether her Majesty had been advised to appoint a day of general thanksgiving to the Almighty for the resto ration of tranquillity in India ? The CHANCELLOR of the EXCHEQUER said the Government were of opinion that there should be some re cognition of the Divine favour, but her Majesty's instruc tions on the particular form had not yet been received. FEES IN I'HE TRANSFER OF LAND COURT (IRELAND). Mr. GRIFFITH asked the Chief Secretary for Ireland whether it was the intention of the Government to equalise the per-tentage fees upon the sale of property in the Trans fer of Land Courts in Ireland, to the amount payable on value under £10,000? Lord NAAS—The gubjeot is now under consideration, with a view to equalise the fees in question. NAVIGATION OF THE DANUBE. Mr. DODSON asked the Under Secretary of State for Foreign Affairs whether the European Commission, ap pointed under the 16th article of the Treaty of Paris, 1856, ' to designate and cause to be executed the works necessary below Isatcha to clear the mouths of the Danube as well as the neighbouring parts of the sea, from the sands and other impediments which obstruct them, in order to put that part of the river and the said parts of the sea in the best possible state for navigation," had designated the works which in its opinion were necessary ; whether those works, or any others ; for effecting the same purposes, were being carried out ; and, if so, who were the persons charged with the direction of such works, and when it was probable they would be completed ? Mr. S. FITZGERALD explained that by arrangement between the five powers concerned, the matter had been re ferred to a commission of inquiry sitting in Paris, at which this country was represented, and it was the opinion of that commission that the St. George's mouth should be improved. . When all the works necessary for improving the navigation of the Danube were carried out they would [ cost about 8500,000, which would be repaid by a tax on ships using the river. THE SOLICITOR-GENERAL. The SOLICITOR-GENERAL corrected some' errors in a statement made in the course of the debate on the Government bill last night by the hon. member for Dover with reference to a hustings speech delivered by him (the Solicitor-General) at Belfast. THE PICTURE OF "THE APOLLO AND MARSYAS." Mr. CONINGHAM asked the Chancellor of the Ex chequer, - whether, as the authorities at the National Geller) were reported to have expressed their willingness to give a large sum for a picture by Raffaelle, it was not desirable that the Government should secure for the nation the famous picture of " The Apollo and Marsyas," now in the possession of Morris Moore, Esq., the original drawing of which is in the academy at Venice. The hon. member referred to the services rendered by Mr Moore, who, ho contended, had been very badly treated, and from his attacks on high parties, he was reduced to a state that left him no alternative but suicide or starva tion. The hon. member then proceeded to address the house in a strain of vehement indignation, but was com pelled to conclude a b ru ptly hi s remarks from the impa tience evinced by the house. The CHANCELLOR of the EXCHEQUER rose and said that he found very great difficulty in dealing with the inquiry of the hon. gentleman. (Mr. Coningham). The in quiry was, whether, at the authorities at the National Gal lery are reported to 'have expressed their willingness to give a large sum for It picture by Raffaele, it would not be desir able that Government should secure forthenation the famous picture of thr, " Apollo and Marsyas," now in the posses sion of Morris Moore, Esq. (Laughter.) He never heard of the report, and he never saw the picture, and was therefore called o' j. to deal at the same time with a hypothesis and a con tingericy, two of the most difficult things with which any one, could deal. (Laughter.) Though he felt, in the posi tio' ho occupied, naturally alarmed when he read of larg( Brims of money given for famous pictures, he might at least express the opinion of the Government, that it was desir able that the trustees of the National Gallery, when they purchased pictures, should purchase them of th e hi g h es t class, and if they did not, that they incurred a very great responsibility. (" Hear, hear," and much laughter.) THE ANNUITY TAX BILL. In reply to Mr. BLACK, The LORD ADVOCATE said that be would not be prepared to bring forward the Government measure on Wednesday next. THE COUNCIL OF INDIA. Mr. V. SMITH asked the-lejetatiof State for India to lay on the table any minutes or regulations he had made for the transaction of busi n e ss i n th e Council of India, under the 20th section of the act 21 and 22 Vic., c. 106. After some discussion on a point of order, • Mr. V. SMITH con t en d e d th a t the regulations adopted with reference to the transactions of the Council, instead of light being admitted everything was rendered even more obscure than previously, to the public at-large. Lord STANLEY said he had no objection to lay the minutes in questions, which were very brief, on the table. The Council were divided into committees for the transaction of business. He agreed in the sugges tion of the honourable member that there should be it special announcement made with respect to these secret despatches and that course would be adopted in future. It was not the regular course to lay such docu ments as the despatch of the 3d of August, on the table, but in the present instance he would have no objection to do so. He had ordered the second despatch to be re ferred to the secret committee, and it had been sent out from the secret department by their recommendation. It was not, therefore, brought before the council. THE REFORM BILL. On the motion for resuming the adjourned debate, Mr. HORSMAN said he hoped he might be allowed to correct an error into which the hon. member for Birming ham had fallen last night. The hon. member had stated that he (Mr. Horsman) suggested that if the house should make very important amendments on the bill in committee the Government would dishonour themselves by accepting them. He said no such thing. What he said was, that they ought to exert their power to make `such amendments, and then easton the Governmentthe responsibility of rejecting them. They would then have two rival bills—the bill of the Go vernment and the bill as amended by the house, upon which there would be a clear issue to appeal to the country. Sir S. NORTHCOTE resumed the discussion by saying that no one could listen to the debate without feelingaware that the house had got into a situation of embari assment. Why was the question embarrassed, and to what was that to be attributed ? The question was complicated, in the first place, because the measure was produced by a Govern ment who were in a minority in the house, from the fact that it did not proceed altogether from the spontaneous de sire of the Government, but in answer to a call from the country and the house for a measure of the kind. (Hear, hear.) It was more embarrassing still because it was any thing but distinct as to the precise objects that a measure of the kind should have in view. These were embarrass- Jaunts naturally arising out of the question itself, and its origin, but the question was rendered more embarrassing and complicated from the mode in which the issue had been raised by the resolution of the noble lord, because it was not a fai,r fight on the second reading or an open council in committee. The resolution was so general in its terms that it raised no distinct issue, and the speech of the noble lord did not supply what was wanting in the form of the resolu tion. (Hear.) It was therefore natural that those who de sired to know what it really meant should look to the bill which the noble lord introduced in 1854, and to the measures advocated by the hon. member for Birmingham. Yet upon ono or either the noble lord declined to commit himself. The question was still more embarrassing and complicated on account of the position taken by his two right hon. friends behind him who left the Cabinet, and this was more parti cularly the case when it was known that the particular point on whichthey left their colleagues was that which caused so much discussion—the principle of uniformity of franchise. It was suggested that the Government should take back the bill with a view of altering in it the sense suggested by their former colleagues. But that was a course which the Govern ment could not take without placing themselves in a false position, and even raising a question as to their personal ho lour. (Hear, hear.) Now, with regard to tho question of identity of suffrage he wished to say a few words. 1%1 any ques tions had been put to the Government whether they would consider any interference with the principle of identity as being fatal to the bill. He thought it was most unfair to seek to bind the Government in any way to particular promises as to what they would or would not do in the event of certain contingencies taking place. (Hear, hear.) The principle of identity, no doubt, formed an important portion of the bill, but it contained many other principles besides that of the identity of the suffrage. Objection was taken to this iden - tity in the first place because it was new, then because it stopped at £lO, because it was mixed up with what was called the disfranchisement of the 40s. freeholders, because it had a tendency to produce electoral districts, and a system of fagot votes. These objections divided them selves into two kinds—objections to the essence of the bill and objections to the awidents with which the intro duction of the bill was accompanied. The objection to the £lO was an objection not to the principle of uniformity, but to the mode in which it happened to be applied, be - cause there might be identity between the borough and county franchise at any point than a £lO occupation. So again with regard to the lowering of the borough franchise below £lO, and the transference of the 40s. freeholders in boroughs—these were not objections to the principle, but to the mode of application, which might be discussed in com mittee, but which it was impossible to discuss at that stage of the bill at which they had arrived. (Hear, hear.) He did not understand anything which had fallen from his noble friend (Lord Stanley) or from any . member of the Govern ment as implying that any principle of the bill was not fairly open for consideration in eommitteo, or as pledg ing themselves against any amendment that might be made. (Hear, hear.) But to call on the Government to say that they would accept any particular decision of the house was a thing which no one had a right to ex pect. Ho saw much force in the objection that the prin ciple of uniformity would lead to the creation of faggot votes, because the property qualification in boroughs would give peculiar facilities for their creation within the narrow area of borsughs. (Hear, hear.) He stated the objection fairly. The Government saw the danger, for they proposed a clause to prevent the evil apprehended. They were told that the clause was insufficient. That was a matter, however, for discussion in committee. (Hear.) The principle of uniformity was not exhibited, he apprehended, as a kind of universal medicine, like Morison's pills. (Laughter.) It was no divinity or idol to be set up for worship and adored at all hazards and costs. Let them go into committee, consider the question, and see if they could not get rid of it ono way or the other. (Laughter.) The noble lord took the course he did because if he voted directly against the second reading he was afraid his motives might be misunderstood. Considering the high position of the noble lord, and his connection with the question of Re form, there was little fear of that, especially as the noble lord could explain his motives in his speech. With regard to the extension of the franchise given by this bill, a good deal had been said of what (with a view to di s credit the mea sure) were called the fancy franchises ; if this bill passed even in its present shape, two g,reat resultswould be at tained—an addition of one. third to the existing constitu ency, and a door opened by which further additions could frequently take place. The present number of electors was about 900,000, the reduction of the county franchise to £lO would add about 200,000—(no, no, and hear, hear)—that at least was the result of the best information the Govern ment could obtain. There wore some alleged disfranchise ments to set off against that, but it would be easy in com mittee to remove all those. He believed that the savings bank franchise would add 50,000, and the other new franchises about 50,000 more. It was difficult to get correct information with regard to the savings banks, but he had applied to the Comptroller of th e N a ti ona l D e bt Office on the subject, and he was informed they could give no information with regard to the depositors above £6O, but thoy could as regarded those above £5O. In 1858 the number of depositors above that amount was 185,000. (Hear, hear.) Of these a certain number repre sentedtrust_accounts. A retur n p resen t e d to the House of Lords in 1852 enabled him t o a pp rox i ma t e to that number, and if they excluded such accounts the numberof depositors above £5O would be 153,000. Of course a large number of these were females. The proportion was not quite one-half; it would be about 75,400 females, and 77,600 males. Of these some already possessed the franchi se ; but he thou g ht they might reasonably expect an addition to the constituen cies of 50,000. They might add considerably to this number by an extension to this principle, either in lowering th e maximum or including other modes of investment. The lodging franchise would add a considerable number also. In London, the number of lodgers was very great in some districts •; in the borough of Marylebone, for example, it ex ceeded the number of householders. In that district the number of houses below £lO value was very small—not one per cent. of the entire ; a reduction of the household limit, therefore, would add scarcely anything to the con stituency, whilst the admission of lodgers must in , crease it by several hundreds. He had made some in quiries, and found that furnished lod g ing s at 7s. a week were almost equivalent to a rent of £lO for an unfurnished house. It would be in the power of the committee to re duce the Bs. limit if they thought fit. A number of the working classes now took houses which they let off in lodg ings to their fellow-workmen, and by the new qualification all these would be admitted to the franchise. As the bill stood, therefore, it increased the Constituency very cousi derably. He would ask these who said It was not enough to consider what the position of the Government was; they had to bring forward a measure which they thought they could pass. (Hear, and laughter.) They could not have receded from anything they had once offered. If the mea sure now fell short of what was desired it was in the power of the house to carry it as much further as they 'pleased. (Hear, hear, and laughter.) But to ask the Government on the second reading, to give a pledge as to amendments of which they knew nothing was to call upon them to abdicate their functions. The Government only invited the house to deal with the measure in a practical manner, to go into committee, and the; e give counsel and put on paper any definite proposal they had to make. They had heard the speech of the noble lord the member for London, and that of the hon. member for Birmingham, in which he had declared his intention to unite with the noble lord in attempting to throw out the bill. They had heard them talk of the necessity of settling the question, and then speak of the prospect of autumn meetings and winter agitation. He must say he thought hon. gentlemen under such circumstance would incur a very grave responsibility—(hear)—if without indicating what they did want, or what proposal they would niche, they refused to go into committee. There was nothing in the terms of the bill, nothing in the declaration of the Go vernment, to preclude them from making any changes they thought fit. He believed the bill did furnish the elements of a satisfactory settlement, and that it would be possible in committee, without any great difficulty, to remove all the objectionable points. If they went into committee the bill could be carried further. (Hear, hear.) Of course he only spoke for himself. In his position he had no ',:nowledge of the intentions of the Cabinet, but there was nothing to prevent him from forming his own judgment and drawing- his conclusions from what passed in the house. It was perfectly possible in committee to propose any exten sion that might be thought necessary, if the Government saw no objection; but until they got into committee the Government could not be called on to pronounce an opinion on any of these details. The bill as it stood was one on which a Conservative Government might take its stand, and if the house rejected it there was no chance of their bringing the question to a satisfactory solution this session. (Hear, hear, and cheers.) When the hon. baronet resumed his seat a number of members rose. Amongst them was Mr. Cardwell and Mr. Beaumont. There were loud calls for the latter, with min gled cries of " New member !" The Speaker, however, called on Mr. Cardwell. The uproar was still continuing, when— Mr. BENTINCK rose to order. He had always under stood that it was usual to give way to a new member. Lord PALMERSTON said that when once the Speaker had named a member it was not usual or respectful to in terfere with his decision. (Hear, hear.) Mr. CARDWELL said he had no wish to interfere with a new member, and would have given way if he had been mare that one had risen. He had hoped that when his hon. friend the Secretary to the Treasury rose, his speech would have contained some counsel to aid them in escaping From the embarrassments in which this question was in volved, or that at least he would have given them a dis irlotion between principle on one hand and what might be altered in committee, and that the house would have knell= what in his idea was the principle to be approved of on the second reading, and what was matter of detail to which the Government were not to be considered as pledged. When he listened to the speech, however, ho was reminded of the lescription of Chaos, where the water was too thick to sail in, and the land too liquid to walk on ; or that of the olar Soft, where the navigator found the ice was aot strong enough to bear, but the sea too much en cumbered by blocks of ice for him to sail through it. The only conclusion to be derived from the speech was, that the bill did not contain any single proposition which could be galled a principle. (Hear, hear.) It was frained, not to carry into effect any sincere conviction, not to accomplish any practical result,.not to confer on the people any great or substantialbenefit—the bill was merely made to pass—(hear, hear)—if it passed, the object of the Government was at tained. (Hear, hear.) This was a matter which it would become the House of Commons carefully and temperately to consider before it embarked in the dangerous progress of a bill of this nature in committee. The present had been called a great opportunity ; ho believed it was, if they rightly embraced it, for the performance of a great duty. The bill of 1832 was an alteration adapted to the cir cumstances of the case, by a calm and scientific considera tion, such as they might apply in the present case, if they made proper use of their opportunities. It had a na- Lure and character still more marked ; it was a great struggle for the transfer of power from the great agricultural interest to the great monied, commercial, and manufacturing interests which had sprung up during the years preceding. The struggle ended happily; but it left behind it other reforms which required to be accomplished oefore the measure would hare full effect. Since then a great advance had taken place in the industry, education, intelligence, and well-being of the lower classes, whose case they were again called on to consider. The present was a great opportunity for the accomplishment of a reform of this nature, without again entering on an angry struggle between classes. (Hear, hear.) Ho had listened with admiration to the able speech of the Secretaryfor the Colonies, but he could not help feeling apprehensive that, if doctrines such as he held were to be accepted by the house, and animated appeals to be made to-the middle classes to retain the privileges and power they possessed, and guard with jealousy thefranchise from the attack of the class who did not yet participate in it, the next Reform Bill would be carried by an angry and ex asperating struggle for power between classes. What object ought they to have in view in dealing with a Reform Bill ? Their object ought to be to diminish what was called influence in elections, to increase the power of public opinion, to enable industry and education, associated with wealth and numbers, to return members for places where influence had before prevailed ; but this bill had a tendency to increase influence and diminish the power of public opi nion. There were three ways in which they could deal with :his question : the first was by a redistribution of the seats d• the small boroughs amongst theelarger and increasing communities. For his own part, he confessed he agreed with all writers of authority on this subject, that of all means of increasing the influence of public opinion, this was one of the most efficacious. The noble lord the Secre tary for India had admitted this was right in theory, but said was impossible to be accomplished, and that they must be satisfied without it. He took this for granted, and would, therefore, consider the other two modes—the alteration of the county and borough franchise. This belonged to what the Secretary to the Treasury called matters of detail, but it appeard to him that the whole controversy was involved in the great question of what was called uniformity. This had been put forward as the principle, but really he did not know now whether the Government considered it to be a principle' or a matter of detail. There was one principle which had been laid down by all writers, and never altered from the earliest times of the House of Commons, and which could not be altered without laying the axe to the root of all their liberties. That principle was not uniformity of franchise, but propriety of franchise. That diversity of character and interest formed the cement and groundwork on which the great interests of the country were built up, and they could not for a moment interfere with that variety without altering the whole scope and character of their institutions; (Hear, hear.) It had been said that the county franchise turned upon property, and the borough franchise upon occupation, and the Solicitor-General had contended that since the • passing of the Reform Bill of 1832 that distinction had no longer existed. The his tory of the county franchise was this :—ln the earliest times all the freeholders of the county were invited to exer cise the franchise. In the reign of Henry VI. the freeholds were for the first time limited to those of the value of 40s. At that period only freeholders exercised the franchise; be neficial leaseholds being thenunknown, and tenure by copy holds being a very different thing from what it was at pre sent. As beneficial leaseholds grew up, and copyholds in • creased in importance, the franchise was attached to them ; and, lastly, by the Reform Bill, it was also extended to oc cupations in counties of the yearly value of L. 50. As regarded the borough franchise in the year 1624, there sat in that house a committee, of which Mr. Hallam said that it was composed of the most eminent men that ever were as3oci ated in a body of that kind, and they laid it down that the common law right of voting in boroughs extended to all householders in boroughs who paid taxes and local rates, and Mr. Hallam remarked that the nearer they approached to that franchise the more consonant would the electoral system be, notwith new theories of modern liberty, but wtth the ancient spirit of the law. He would not trouble the house with authorities ; but he believed there was no text-look on the British constitution where variety of suffra go was not l a id down as a great distinguishing principle of that constitu tion.. If they imported any great p rinci ple , into the Briti s h constitution, they might depend upon it that principle would not be dead and inert, but would be a vital animat ing principle spreadiug to all parts of the constitution. (Hear, hear.) At present the House of Lords appeared not only to have suffered no diminution of authority as time had rolled on, but to have been constantly gaining 'in pub lic estimation. But what would be the effect if they esta blished the principle that the franchise of every elector should be exactly the same—that equality should be the rule ? (Hear, hear.) He believed it would be found on examining the history of this country that the people had never desired equality, but what they had desired was free dom ; and he also believed that in England free dom would never exhibit itself under the aspect of equality. (Loud cheers.) Considering this a great con stitutional principle, he could not understand the argu ment of the Treasury bench that the bill should be allowed to go into committee, and thatit should then be determined what course should be taken with regard to it. What the authors of the bill te rme d " id en tity of franchise': was a principle wholly unknown to the fritish constitution, and one, the adoptio n o f w hi c h wou ld, in his opinion, lead to the most dangerous consequences; and, whether he con sidered that objection, or whether he had regard to the f a ct that, instead of extending popular election, the bill would, both in counties and in boroughs, tend to diminish it, he was led to the conclusion that he ought not to vote for the se cond reading. He was told that it would be incompatible with the honour of the Government to adopt the principles of the resolution. What he had to do byhis votewassimply to perform his duty as a representative—(hear, hear)—and the honour of theGovernm,t was not with hi m an irre sistible motive against opposing the second reading. if the honour of the Government was involved, so also were the honour and independence of every member of that house. (Hear, hear.) He had listened with great attention to the reasoning of the noble lord the Secretary for India on that point, but there was one thing to which he paid more atten tion than even the noble lord's reasoning, and that was the example ho gave them by his conduct; and he had observed that when a bill was proposed by a Goy er anent, to t'seprin ciple of which the noble lord could not honestly assent, he did not hesitate to vote against the second reading. Believing this question to be one of principle, and believing also that it was only as a question of principle that it could be dealt with, he intended to vote for a resolution which exactly ex pressed the views ho entertained. (Cheers.) The right hon. gentleman behind him (Mr. Horsman) had told the opposition that they were so powerful that they could do anything they liked with the bill in committee, and yet h e went on to say that they were so powerless that if they could maintain their unanimity for fourand twenty hours it would be as much as they could do. (Laughter.) If the latter statement wore correct what chance would there be if the bill went into committee of arriving at a satisfactoryconclusion ? (Hear, hear.) The responsibility of defeat would rest upon those who in the name of reform had brought forward a mea sure which was not one o f re f orm. (H ear , h ear. ) Th ere was a policy which had been called Liberal - conservatism-- a policy which was liberal because it was conservative; conservative because it was liberal. When an exigency had arisen such a policy dealt with it, so as to remove the cause. of dissatisfaction from the public mind and afford security against ulterior demands. But there was a policy which was neither liberal nor conservative. (Cheers.) That was a policy which when a public exigency had arisen affected to deal with it and did not deal with it, which dissatisfied the reasonable expectations of temperate people, and thereby tended to create demands which would otherwise never He you uld ily, n )se Lat lie Stock Stock Stock, Stock 10 Stock Stock Stock Stock Stock 25 Stock Stock 2i lj 9 i ii i