The Sun. — London, England, 1859-07-22 00:00:00

, .... THIS SUN, LON I -....__......_.__________._.__._ /Mar MONEY MARKET AND CITY NEWS.. I SHARE MARKET.-( THIS DAY.) BRITISH. POSSESSIONS. + , Closing I Business -_____*. Share' Railways. ORDINARY S H A RES AND STOCKS. P ai d.) Price. Done. CITY, Two O'CLOCK. --_ The foreign and col on i a l pro d uce mar k e t s d ur i ng Share Railways. 'Paid. Closing Business Pri the last few d a y s h ave ex hibi te d rather more acti- - Atlantic &St Lawrence all 79 81 100 Leased at 6 per cent.. 1 12.10 Amberg., Notting. Bost. i 1 8 Bom.,Baroda& Centlnd 131 161 17 vity, and in several instances prices have shown and Eastern Juzg , tion 10 I 51 61 6 51. gu. 5 percent an improvement. The inquiries for tea have been _po l_4lfaat and Balizmena.. All - - 71 81 13.14 111 r., Wol., and Str. Val. all , lB Do all - - 18 Do. Addit. Capital A 6 14 1 d steady, and prices continue exceedingly firm, par- Stock' Birk., Lane., and Chesh. 100 ' 70 7,, 18 Do. Do. B 9 14 1 d Junction 2% Bu ff alo and Lake Huron all 5 54 d titularly for the better qualities of congou. 25 ;Blac kburn all 111 129 24 Do. New l6l 6 7 d British Plantation sugar has been in good de- in , 1 Buffalo,Brant&Godrich 1 100 - _ St 2 :ck 1 13r i ltran d dli i r e eter .. 100 al - 94 118 -- --- ( 6 p. ct. Ms. 1 Aug., 187.`, ) , end, and the finer qualities have slightly Stock Caledonian • • 100 821 831 8 2 2 4 3 100 Do. do. 1 July, 1873 100 i - - Stock Chester and Holyhead . 100 - - 190 Do. do. 1 June, 1874 ' - advanced. In the refined market a steady business 50 Cork and Bandon all -- - 20 Clcutta.&S.Eastrn.Lim. 1. 10- 1 4 1 il l has been transacted at fully late rates. For coffee 20 Cork, Blkrock,AcPassage all a - 44 - 54 20 Cape,Eastn.Prov.(Lim.) 2s. ' - - there2o Cornwall 10 Do. A 20 Cape Town & Dock Scrip 2s. 1 11 ld has been an active inquiry at a slight advance A rpves. no div. 20 Central Oude (Limited) 25. 6d. - - OIL former terms. Rice has shown more buoyancy, 10 Do. B r as tg e la n .c.p d er te ak I all _ f all - - 20 Ceylon Guaranteed 6p.c 74 :11 4d 6 4 171 Demerara - - 50 Dublin andßelfaL * all - - 20 Eastern Bengal.gu.sp.c. 5 i 1/ 11 d the demand having been active for the superior 25 Dun. Perth,& Abr J u u n ne e ' all 8 9 Stock East 'Anglian • • 100 149 isi Stock East Indian, gu. sp. c lOO 98 99 981 271 i Qualities. Fruit and spices have been dull, and the Stock Eastern Counties lOO - 589 599 58 2 4 20 Do. Chares all - - public sales of indigo have proceeded steadily at Stock Eastern Union A Stock 100 40 43 20 Do. F Shares Ext 5 - - Do. do. B Stock 100 28 30 20 Do. J u bb u l pore 5 _ 41 about the rates obtained a t th e commencement of Stock lOO D0.49p.c. Bds. pay.'s9 all 99 100 99 25 Do.Nw.A.(lte.E.U3ds) 81 - all 13 - 15 1 4 20 Geelong& Mel.gua.s p. c. all 19 20 the series. Saltpetre has been in better demand 25 East Kent 100 93 95 93 1 3 n o. I Geelong Corporation 6 1 10 0 - _ and at a slight advance ; but tallow continues in- St i o o ck East Lancashire all - - ( per cent. Bonds Stock Grand Trunk of Canada 100 32 34 34 I active both for present and future delivery. 10 Do - - Stock Edinburg and Glas ow 100 7 2 100 Do. 6 p.c. Deben.,pay lOO 91 93 W1 .'78 all 73 75 _ p 26 1 100 Do. 6 per cent. Pref The second ser i es o f pu bli c sa l es of foreign and Stock Edin.,Perth, & Dun d ee. 100 26 20 GtlndiaPenin.gua.sp.c. all 95 96 96 4 10 Forth & Clyde Junction 1008.1 .__- __-• 20 Do. New, gua.s per cent. 4 19 1d 3 colonial wool commenced t d ftand yes er ay a ernoon, Stock Furness 20 Do. do 4 - - not withstanding the quantities to be offered were Stock o G r eatl a s NorthvBz Southctre Sc o tlandstn 100 11 N i ia l 20 c Gt.S.of Ind.Lim.-Scrip 2s. 14 ld 100 102 104 10 31 ( guaranteed 5 per cent. ex ceedingly large there was a good attendance of Stock Great Northern 209 Gt W. of Canada Shares all 15 1 5 p d both h Stock Do. do. A Stock ome and foreign buyers. The biddings were Stock Do. do. B Stock lOO 84 86 100 130 132 1319 209 Do. New 100 Do. Bonds pay. '76,with 1 all 102 104 animated, and a rise of ld. to 11d. per lb. was Stock Gt. South.& Wstn.(lreld) 100 105 107 -- - ( apt till '6O 100 60 609 601 19 60 Stock Great Western 100 Do. do. '73 till '6O all 102 104 established on Sydney and Cape wools, and fully Stock Do.Str.Vl.Rail Gua.Stk 100 55 60 100 Do. do. "/3 without opt. all 101 103 11d • 12 Irish South Eastern.... all - - 100 Do. 54 p , c. do. '77 do per lb. on Van Dieman's Land and Port Philip . 50 I. ancast,er and Carlisle. all 85 90 20 Madras, guar., 44 p , c. all 85 90 90 Qualitie s . 161 Do. Thirds - - , 1613 4 Do. New Thirds l6 11 12 p 20 Do. do. 5 per cent. all 20 Do. 41 p. c. Extension.. 15 88 92 In the Liverpool Cotton Market yesterday rather Stock Lancashire & Yorkshire 100 95 1 052 95 1 A 20 Do. Third Ex. gua.s.p.c. 15 19 199 d more activity was apparent, and 8,000 bales were 16 B o o : do. do. F :litres . . 6 i d 20 Do. Fourth do. Stock Melb. Corp. 6 p.c. Bonds 100 - ..- 0 sold 3 Do. West Riding Union 4 - - Newßrunswtck&Canda. , akprevious rates. The Railway Share Market . C logs - 20 Do. Southport all - - 20 .1 Ry.&Land(Lim.)g.6pc i n ___,; sed steadily, and prices were without material Stock London and Blackwall. all 65 67 66 1 Class ACapitl.Share -- - alteration. - Do.Newiss.at 2510sp.sh. - Stock Lon.,Brighton &S.Coast 100. 1 .. Do. do . . d 0... .. 1 - 11 11 - 3 112 Land - 20 Do. do. B. Capital do. io - --d .„ A krther sum of about L 12,000 was taken away Stock London & North Westn 100 94 2 95 i tt .. Do. do. Land d 0... - 11'0 l2l Do. Eighths 74 1 t 1d 81 ro, the Bank of England yesterday for the conti- Stock London& South-Westn lOO 95 96 95 20 I Ncrthflndia Trainroad 2 , Limited, Scrip ile nt• . These withdrawals will probably continue, Z.g Il e errx rrY I °nlneli.stie.s- all i 5 I mg 20 Oude (Limited) - - 20 Scinde unless fresh suppl ies received from A are soon us- Stock Man., ohef., & Lincoln... 100 3 -1 --ii --... 20 Do. 3 - - d tral 10 Metropolitan 20 Do. New LI 2 12 1 1 1 d 100 1034 104 103 4 4 , 8 - Moderate remittances are still forwarded Stock Midland 20 Do. Punjaub .. e 43 5 li lld arolllloo 79 81 20 Do. Indus. St. Flo. bk, n a ' 10 1 1 d the United States, but as they are not suffi- Stock I, 47a. R 4 r Msta D r:t r a b n y d) all - - 20 St. Andrews & Quebec A 18 - - Cleat ' • tto satisfy the export demand, the bullion 25 Do. 4 Shares all - - 10 Trinidad(Limited) Scrip 1 i - - de l 2l N e wcastle and Carli sle . e all 9 - i - i . I dealers are resorting to the Bank. It is positively N ew, , Aber., & Her fd. all FOREIGN RAILWAYS. aese rted.that some large consignments of silver are 10 Newry lT & Armagh (def.) 9 - - ever Warpt., & os H all - - - to be despatched to the EaSt, which may render Stock Norfo lk lOO 60 62 _, 10 Antwerp & Rotterdam all 41 41 ) the • 50 North. Counties Union. si a 8 0 20 Ardennes all - p , specie movement still less favourable, and per- Stock North British lOO 5 56 2 551 ba ps it t = l' i s_T ) o e r .A Daßail. r & ee D n k. e S d t iv k : 100 -- . 20 Bah.&S.Fran.,Lim.7p.c. 3 11 odi ps lead to an important diminution of the bullion 5 Belgian East. Junction all 0 1 in T hreadneedle-street. until 6p.c.hasbeenpdß 100 - - 20 Beziers to Grai s sessa,c.. all - - 5 Carmeaux Mine & Rail. all 2 24 Stock Do. B Stock lOO .- -„ With regard to monetary affairs there is very Stock North-Eastn.-Berwick 100 93 0 31 d 20 Dutch Rhenish little alteration to report, but the discount houses _25 Do. do. G.N.E.Purchase ltlg 4 4 1 6 1 k i d 47 Stock Do. Leeds 6 Eastern of France ...... all 25 26 20 Euphrates Valley 2s. - - p are not offering such facilities as they did a few Stock Do. York Ray 76 761 754 1 20 Great Central of France all - - 100 101 103 20 Gt. Luxem., Con. shs.. all 61 61 64 Stock North London day s . ago, owing to an impression that specie ex- 10 N. &S.Westn., Hampstd 10 Italian Junction ..... 8 - - 20 Lake Constance & Bale all - - P or ts, new loans, &c., may soon enhance the value 20 NoWl i i C S l Vo m rd c st i rr n e::: • .! 23 1. s ' 4- 3- 2 d 139 i 20 Lierre and Turnhout... all - - of ac commodation. 20 North-Western • all i 139 144 20 Lombardo Venetian... . 821 2/p 101 91 1 20 Lucca & Pistoj a, 5 p.c.pf. all - - W. Junction all 6 • 8 A limited amount of business has been transacted s a k ia. fo tto; jor., & Wolver. 100 32 34 321 20 Lyons and Geneva .... all - - 331 Maria Antonia all - - in the 19 Peebles all - - 20 Do. do. New - - - market for public sec ur iti es t o- d ay. Th ere 20 Portsmouth ttav - 20 Namur and Liege all 71 81 71 e been a few speculative transactions which 10 Rhymney lO - - 20 Do. do- 6p. a Pref. all 18 t 19 have Stock Scottish Central lOO 110 112 16 Northern of France .... all 369 37 364 4 caused a retrograde tendency, a decline of Stock South. N.E., Aber. Stock 100 25 26 20 Do. New Shares - - p about ..i. . Stock Do. Scottish Mid. Stock 100 8 0 tz 10 Norwegian Trunk Pref. all 9 10 per , cent. having taken place. Consols 'which haVnien 94" 95, are now Stock Shropshire Union lOO 45 3 d quoted 94-1 95 for 10 Sittingbourne & Sheer, all 4 20 Ottoman, gua. 6 per cent 7 - - • 20 Paris,Lyons, and Medit. all 34 35 100 42 44 money ancliecouut: ; The public durin the Stock South Devon 100 72 9 73 1 7:3 24 20 Paris and Orleans ...... all 53 55 last few stock South- v a a l e te s rn 100 62 64 63 20 R e gci fu a e .B S. Fran. (Pen.) ll 21 2/ d days have effected sales of g money 6 - 20 SouthYorks.&Riv.Dun. all 6 0 65 20 Riga ancfpunaburg . ...: 4 - - stock, Which have also created a h The New Threes h eavy tone. 20 Do. do lB - - 10 Rome and Frascati .... all - - have receded to 95, and ihe 20 Staines, Wok., & Wek all 8 , 11 . 20 Royal Danish all - - duced to 95k. Bank Stock is firm at 223 Re- 2 Do.Stocktoon & 18 tir li ngton. all d 2 _ ..._ 1 5 Royal Swedish - - ;India4 Do. 7 per cent. Pref. - - ditto is steady at 2201 ; ditto Loan D 25 Do : 1858 7 - - 20 Sambre and Meuse..... all 61 61 61 1 Debentures - -ii & ilartlepool 161 _ 10 Do. 54 per cent. Pref. ... all 81 81 (1858) 'are marked 95; ditto, 1859, 94 3 - Stockton Stock Taff Vale 20 Southern of France .... all 20 21 ; and the Prefe rence, No. 1 - - 81 West Flanders all 54 6 Seri p, 94 Exchequer Bills remain at 27 Stock Do. S. to 25 ThamesHavenDk&Rail 22 - - 10 Do. 59 p. C. Preference . all 91 91 30s. prem. Stock Vale of Neath lOO 68 72 20 W. & N.W. of France.. all 21 22 The transactions in the Foreign Securities have 50 Stock Waterford & Kilkenny 100 - - Waterford & Limerick all - - 20 Western of Austria .. . 6 - - 20 Western of Switzerland all - - been 20 West en Cornwall c all 6 6 4 I 6 Wiesbaden - - ry. Pal. all - - I very restricted, and prices show a g ene ra l 1 6 Do 8 per cent. Pref all - - decline. Turkish 6 5 Do.A.-Arecv.nodiv.till 20 Zealand all - --. .._per Cents. are /9 to 81 ; ditto 7 p.c. has been pd. to B all 3 31 - New, , 68 to 5 Do. B all 79 7.1 70; Brazilian 41 per Cents. have re ' ceded to 94 1 • . P 20 West London all - - BRITISH MINES. Cen. . 4 , , ortuguese to 41 ; Belgian 41 per 10 Do. Ist Class all - - 20 Do. 2d Class all - - 1 Closing Business Cents• to 97 ; Dutch 21 per C en t s, to 65 3 ; and Share Mines. Paid. price. Done. ditto 4 PREFERENCE SHARES. per Cents. to 1001; Russian 41 per Cents. Closing Business -- are Ellead3• at 99 3 Share Railways. Paid.l p r i ce . Done. - Alfred Consols (Philack) 2.11.10 5 6 i , Mess rs. D. 811 20 British Iron 14 the . e , Son, and Co., give the following is Blythe and Tyne It per price of American Securities :- c. pref. (issued at £5O) all 49 51 1 - 0 I So e n v d on ur ( elC s a . m i h a o= 20? 445 455 - . I Stk Bris. & Exet4p.ct. Stock 100 96 98 - East Bassett (Ilogan). 30 1774 1821 181 two, r.. Redeemable. Prices. 20 Do. do. do. Shares - Great South Tolgus.... 17s 13 14 b o. 7 1 - maths 6 per Cents..... 1867-1868 - took Caledon £lO, 14 per cent 100 102 104 - G.WhealAlfd.(Phillack) 11.18.8 14 2 Ai ab °_ per Cent Bonds - - • -_-_- G. Wheal Vor(Helston) 158 9 4 t i i i Stock Chester & Holyhd, 54 pc 100 .- - X en na 5 per Cent, Bonds - 75 77 Stock Do. do. sp. et. lOO - - - North Bertha anc e s (Mogan) Si 6 7 51,,,,,„7 4 Y 6 per Cent. Bonds lB6B-72 92 94 Cork & Bandon, s}p. c. all --_ - 61 - North Wheal Crofty... 7.9.4 7 8 k a rrld 5 per Ct. Str. Bonds -93 95 Dun. Perth,& Aber...Tun. all 51 - N.Wh'l Basset (Illoal nil. 74 84 880hUsetts 5 Cent. Str . Stoc E.Angn. Class A 7 & spc 100 99 101 • - Par Consols (St. Bli r ixy 11 12 1 3 B oir ,_ per . Stock Do. do. Class B 6 pc.... 100 110 114 .. - Porkellis Unit. Wend. 9 - _ oh io ,0 8 • - 100 101 Stock Do. do. Class C7pc . .. 100 107 111 - ,Sortridge Cons. m.Co. 6s 4 1 p en] ; per Cent. Stock • 1886 98 100 Stock E. Conn. Ex. 5 pct. N . 0.1 100 114 115 - ISouthCaradon(St.Cleer) 24 240 250 Pe tt O' V ar4a 5 per Ct. Stock. - 82 84 Stock Do. do N 0.2 100 113 115 - ISorth C. Brea( Mogan). 2 21 21 7. Ylvania 5 per Ct. Bonds 1877 83 85 Stock Do. New 6 per ct. Stock 100 129 131 - IS Wheal Fran. (Illogan)' 18.18.9 165 175 .o.llpessee 6 per Cent. Bonds. Divers 80 82 Stock Eastern Union, 4 per et. 100 78 82 5 Tamar Silver and Lead .'irk is 6 per Cent. Bonds .. 1886 83 8,5 Stock East Lane. 6 per ct lOO - - Mining Co 4l 21 21 1 : 1 to a 5 per Cent. St. Bonds 1888 83 85 5 E.& W. York. Jcn. fifths all - - 10 Tin Croft 941 44 /4_ !lo 5 Per Cent St. Bonds - - - Stock Edin.&Glas. spc shares 100 - - - UnitedMines(Gwennap) 40 - - I „, or Central 7 per Cent. .. 1875 co.. Central 6 per Cent. .. 1875 78 80 75 78 Stock Edin. Perth,& Dun. 4 pc. 100 - - Stock Furness, 5 per cent .... 1 0 0 - - Stock Glas. &S West. a. 5 pc. 100 112 114 - Vale of Towey ( Caren . ; 12s 6d i I - West Basset (Illogan) l4 21 22 - W. Caradon (Liskeard) lO 1374 1411 138 ulB Central 7 per Cent. Stock Great Northern, sp. ct. 100 120 122 - Wheal Basset (Mogan). 54 175 185 ~.., (Fr_eelands) - Wheal Buller (Redruth) 5 95 105 iivi'L,Lhares, 60 dols. paid • Wheal Edward (Gals,), 54 2 21 1) ha res, Central 8 per Cent.. 1869 82 84 100 Do.sp.c. Redm.,s pc. pm. 80 85 87 87 - Wheal Kitty(U. Lelant) 1.7,2 910 0 . do 4O 45 10 Gt. Nh. of•Scotld, let pf. all 11 114 - Wh'l lVfaryAnn (Menhe) 8 i 37 g • p • shares Stock A Gt. Sn.& W (Ireland) 4) no - - - virh'l Trelawney (Link, ; alla p . rt ia 7 per Ct., Ist mort p. ct. pref. Stock .. • N' a P Str. Bonds, not cony 1859 100 102 50 teat West. (Berke and 6 - - Is l . • Co., Ist. do. Stock Do. Redeemable, -: *49p a. 100 94 96 e Nt York Central 6 per Ct., Stock Do. Redeemable, 4p. et. 100 85 E 7 , •,,~ not convertible .... ...... ' el'? York Central 7 per Ct., Stock Do. sp. O. Redeem. Pref. 100 99 101 1 Bon AccordCopper,Llm los par 4 p co nvertible, from June 15, 8 Do. Birm. Pref. Shares all 91 104 35 Brazil. Imp. (is. at 25p ) 27 4 1 „, 18,57_59 1864 93 95 10 Gt. West. Ches. 8 p.c.pf. 20 Do.St.Johndelßey,Lim. 15 9 11 •lio do. sh 69 71 shares all 169 174 : 5 Do. L and and Mining Co. all Ne w ares 10 Do do. sp. ct. pref all 9/ 104 1 Clarendon Consols Min -9 - - a 4,4 York and Erie 7 per Stock Do Birming. guar. stock 100 73 7,5 ins Co. of Jamaica ... 3d raort a ' Ct., 40 Cobra Copper all 42 43 434 New g g e • • • 1883 60 62 264 Do. Chester guar.shares all 181 19 16 9 11 York and Erie 7 per Ct., 139 Do. do. do all 14 14, Copiapo 1 DunMoun.Cop.Ming.Co all 4 New . ............. 186220 Do. do. do. all 2% 21 - 2 Fortuna York and Erie • 7 ' Ct . Stock Lan. &York 6 p.c. stock 100 141 143 all 23 25 sinking fund .. , per ~ Stock Lon.&Brig.spc. gu. No.l 100 - - 20 General 3 Linares ail 10 11 , Do, do. shar es •............ . 1875 - - o 2 100 - - Stock Do. pre f. , SP• O - • • •Ig t • ioo __ _ 5 Lus i tanian ... ' .......... 7 9 A very iimi Stock Do. New gua., 6p.c • • • 1 Mariquita all a 1 ted amount of business has been done Stock Do. do. sp. a No. 4 100 - - 1 New Granada all - - in the Rail Stock Lon.& N.W.Cov. &Nun- _ - 1 N.RhineCop.of S.Aus.L 10 1 1 p Railway Share Market, and a further d re uc- eaton, 5 p. ct 0 20 Pontgibaud Silver, Lead tion of about ,-} to I. Mining and Smelt- - all 3 4 ~ per cent, is apparent in values. Stock Lon. &S. w, 7 p.ct. stock, 100 158 162 5 Port Philip 1 a a i North late 3d shares all - - 30 Santiago de Cuba l6l - , Westerns, Sout h Westerns Midland, Great 12t Londondy & Cole, 4 shs. ll 8 9 28.2.89 United Mexican Western, and North Eastern (York), have each 12 Londondy.& Ennis 4 sh. l a 0+ 00 122 126 , _ declined about 10s. ; South Eastern Stoc Man.,Sh., & Lin, 6p• - 41 1 IPI JOINT-STOCK BANKS. ____ and Caledonian 6 Do. 26 lO - 68 70 , -- - have . improved ss. Stock Do. 31 per cent. Closing ~ Business 121 Maryport & Car., 4 p.c. all - -..... Share) Joint-Stock Banks. I Paid . Paid. Price. Done , The Foreign. and Colonial undertakings are also 12i I Do. 4 per cent... .... , I a shade flatter. Lombardo-Venetian Old shares St - k Did. Con. 6. a Stock 11-1:00 - - 100 Agra&UnitedServiceßk 50 70 72 are dealt in at 9:4, and the New at 9 3 , and the las t Stock m Do.Con.Bris p .&Bir.6p.ct lOO 142 144 40 Australasia all 83 85 841 39 Stock Do. 44 p. c. pref. stock .. 100 105 107 25 Bank of Egypt all 20 22 21 19 209 1 ( quotations for the latter are 91 9 4 - Nth 6 Do. with option till 186 3 a a C I , , 4 . or ern of 100 Pank of London 5O 47 50 481 France • Stock Do. Leic. & Hitpref. st. 100 40 Brit. Col. Bk. & Loan Co. all - - e are steady at 361; and Sambre and Meuse, NewportAber,&c.prer.s 1 , d , 0 ,1 10 50 British North American all - - at 6 10 _p.c. redeem, at sp.c. n in 1 - 20 Chtd. Bank of India, &c 12 11 1 d g. East Indian are steady at 98 and 98 1 N ; 10 Do. Perpet , ' 6p. a with 100 City 5O 61 66 Gr eat Indian Peninsula, at . 96. option till 1866 100 Colonial Join Stock NorfolkD eb .4p.c.shares 20.11 Corn. Bank of Canada all - - Joint -Stock Bank and Miscellaneous Shares show Stock Do. sp. ExStock,lB46 10e - - 100 Commercial of London. 20 18 20 a slight improvement. Bank of London have ad- Stockoo 3:: 5nvirPa1r.E.xd.41.884477 100 1 -- -- 20 En , Scot., & Aus. Ch. all 151 161 , 20 Gen Bk. of Switzerland all - - vaned" 10s. to 15s. ; London and Westminster, ss. Stock North British, 5 per cent 100 110 112 20 Lon Char.Bk.ofAustral. all 20 204 201 301 ' Ottom an Bank declined ss. ; and London Joint- gr e oet Ztl. N D e e w vlat Ito e r k c e . diet. 100 -: 2- 50 London Joint Stock zteek ' , £l. Electric Telegraph are steady at 1081 Stock N-East. irred. 4 p.c. Deb. 100 - - 100 London & Westminster. 20 - - 511 9 100 98 100 i , Stock Do. Berwick, 4p. a Pref. 100 Nat. i'rov. of England. 35 = and Royal Mail Steam have declined to 501. 17 Do. do. do. 20 Do. new 25 - - 20 Do. Leeds, 6p. a No. 1. 13 - - 50 National Bank -- all 48 50 124 Do. do. Quarters, 1846 .. 9 -- - 10 20 New South Wales all -- - 30 BRITISH FUNDS-CLOSING PRICES. 25 Do. York, H.& S. Porch. 10 p i P 25 Orient .Bk. Corporatio n all 171 184 181 B ank. Stock Stock Ox.Wr. & Wol. 6pc. lst • g• 100 124 126 20 Ottoman Bank Provincial of Ireland all 2 71 73 73 oilier Cent. Reduced Annuities 3 95 44 i k 5 Stock Do. do. do., 2d g,ua. lOO 122 126 10 Do. New- - Per Cent. Consols Annuities Stock Do. 41 p.c. Db. stk.in perp 100 ..... all - - Nl @ 25 South Australia NSW 3 per Cent. Annuities - 179 - - 25 Do. New all 48 50 Long Annuities ' , expire sth Jan., 1860.... 11-16 Stock Scottish' N.-Eastern deb 100 - - 25 Union of Australia - Ditt f 30 oor Years, expire sth April, 1885 18 Stock Do. 34 per c. pref. stock 100 72 74 25 Do. New 10 21 26 25 i Stock Do.Aberdeen.gua.6c. 100 118 122 India Stock ....... .. • - 50 Union of London Stock Do. 7p. c. pref. stock, 100 118 122 60 - - Ditto-Debentures, 1858 .................. 2204 10s. South Devon, Ann. lOs. 11 101 101 100 Unity Mutual -- . - d Ditto, 1859 .......................... 96 10 Do. Fixed 19 per cent I - - 100 Western Bk of London 50 Ditto Loan Scrip ...................... t 1.0.6. South Eastern (Reading ------_ Ditto Bonds, £l,OOO. ............... 1 Ann ., 1.0 6) all 231 241 COLONIAL GOVERNMENT SECURITIES. Ditty under 11,000 ....................... 6 1 d Stock Do .41 per cent lOO 104 105 Business ............ 1 d Stock Do. Fixed 49 p.c. Ist is . 100 103 105 Closing Cc nsels for Account (Aug. 9) .......... 95 44 544 Stock Do. New do., 2d issue. 100 - - Share Securities. Paid. p r ices, Done. Exchequer Bills, £l,OOO, 1id............ 30 27 Stock South wales, gua. 4 p.c. 100 - - _ - 1 2 ittc x5OO 30 27 Stock Do. 44 per cent lOO 114 1 4 Ditto s ma ll , lid 30 27 20 S.-Yorkshire, 4 p.c. gua. all -- - - Can.GOV.6p.c Ja.& July 100 112 T 25) Stockton and Dar. 5 p.c. all 284 291 i .. - Do. 6 p.c.l a.&Aug. 100 113 115 . FOREIGN FUNDS-CLOSING PRICES. 25 l I Do. 6 per cent all 334 344 I - Do. 6 p.c.Mr. & Sep. 100 , '"azilian 6 per Cent. 10C 1071 1084 - N. B. Gov. 6 p.c. Ja. &July ~. Ditto 41 per Cent. 1858 94/ 6 per cent. - Do. 6p.c.Ap. & Oct. 100 = urenada New Active, 31 per Cent. - - N. S.W. Gov. sp. a Deb. 106 98 IN . _ _ Ditto Deferred - NovaScotiaGov.6 p.c. S. 108 71 ro Deb. redeemable, 1875 100 1071 108/ r tuguese, 1853,, 3 per Cent. - - S.Aus.Gt6pc.Jan&July 100 108 110 Leasing Closing Business , Ditto 3 per Cent., 1856, 7, and 9 44 Railways. I Paid. I Co.'s. Price. Done. - Vict*Gov.6p.c.Jan&July 100 - ztussian, 1822, £ St., 5 per Cent - Ditto Turkish 1 per Cent. I , I 6 per Cent Bedford and Bletchley all Ln & N.W ' MISCELLANEOUS. Ditto Account Clydesdale Junction. 100 Caledonin 102 104 pad. Closing Business don , Ditto New Loan Ditto Account - - 1101 ni Do. Woodbridge . . 100 1 10 Anglo-Mexican Mint.. all 13 14 1000 Atlantia Tel. (Limited). all 220 260 . _ 4 , , 6 an, 41 per Cent,, Ex. 25L 97 Gls.Barr.&Neils,Drc.t. 100 Caledonia --- -- ' untch Exchange, 12 Gml 21 per Cent 654 Do. New lOO Do. - I 25 Australian Agricultural 19 127 29 .2 ' 10 Australian Royal Mail . all 1 i P -Ditto Certificates, 4 per * Cent. - - Hartlpool.Dck.AzßaiL all Yk.N.&Br -- i 10 Berlin Water Works all ! 2 3 1 eruviau Dollar Bonds, 41 per Ct. Ex. 4s- 77 Hull and Selby - -.. i_ _ Closing I Business Share I Railways. ' Paid. Price. 12.10 Amberg., Notting. Bost. and Eastern Juor , tion 10 51 64 651 50 I r4elfaat and Baltymena .all 13.14 Bin 9 Wol., and 6tr. Val all 74 84 Stock i Birk. Lane., and Chesh Junction lOO 70 72 25 , Blackburn all 114 124 25 Myth and Tyne all Stock Bristol and Exeter Stock Caledonian Stock Chester and Holyhead 50 Cork and Bandon all -- 20 Cork, Blkrock,&Passage all 20 Cornwall all 44 54 10 Do. A 1 A rcves. no div. until6p.c.per an. I all 10 Do. B all hasbeen pd.to 50 Dublin andßelfast June. B. all 25 Dun.,Perth,& Abr.Junc all 8 9 Stock East Anglian lOO 144 15f Stock Eastern Counties lOO • 584 594 58 4 4 Stock Eastern Union A Stock 100 40 43 Stock Do. do. B Stock 100 28 30 25 Do.Nw.A.(lte.E.l33ds) 84 • 25 East Kent all 13 -15 1 4 Stock East Lancashire lOO 93 95 93 1 3 20 East Suffolk 10 Do Stock Edinburg and Glas ow 100 72 73 Stock Edin.,Perth, & Dundee. 100 26 27 264 10 Forth & Clyde Junction all Stock Furness Stock Glasgow & South Westn lOO 92 93 10 Great North of Scotland all 104 104 Stock Great Northern lOO 102 104 103 1 Stock Do. do. A Stock lOO 84 86 Stock Do. do. B Stock lOO 130 132 1311 Stock Gt. South.& Wstn.(lreld) 100 105 107 Stock Great Western Stock Do.Str.Vl.Rail Gua.Stk 100 55 60 12 Irish South Eastern all 50 Lancaster and Carlisle all 85 90 161 Do. Thirds 1613 4 Do. New Thirds l6 11 12 p Stock Lancashire & Yorkshire 100 951 054 95 1.4 16 Do. do. F 216 6 4 4 d 9 Do. do. £9 shares 7 1 i d 3 Do. West Riding Union 4 20 Do. Southport all ' Stock London and Blackwall all 6,5 67 664 Do.Newiss.at £slosp.sh — Stock Lon.,Brighton &S.Coast 100 • 111 113 112 4 Stock London & North Westn 100 sq 954 941 124 Do. Eighths 74 11 1 d 81 Stock London& South-Westn lOO 95 96 95 25 L'derry & Coleraine 25 L'derry & Enniskillen all s _. ..,.. 7 ,„„ Stock Man., Shet, & Lincoln lOO 3 NI bbt thq 10 Metropolitan 3 d Stock Midland lOO 1034 104 103 4 4 Stock Do. Birming. & Derby.' 100 79 81 50 Mid. Gt. West. (Ireland) all 25 Do. 4 Shares all 100 Newcastle and Carlisle all 25 New., Aber., & Herefd all 9 11 10 Newry & Armagh (def.) 9 20 Newry, Warpt., & Ros all Stock Norfolk lOO 6 0 62 50 North. Counties Union 34 34 S d Stock North British lOO 564 661 56 1 Stock Nor.Dev.Rait&Dk. Stk lOO Stock Do.A Stk.— Arec. no div until 6p.c.hasbeenpdß 100 Stock Do. B Stock lOO -- Stock North-Eastn.—Berwick 100 93 9 34 25 Do. do. G.N.E.Purchase 1613 4 14 1 d d Stock Do. Leeds lOO 464 474 47 Stock Do. York up' 76 764 754 i Stock North London lOO 101 103 10 N. &S.Westn., Hampstd and City Junction 23'ls. 20 North Staffordshire 174 4 3 1 d 139 4 20 North-Western 10 No. & Sou. W. Junction all 6 • 8 Stock Oxford, Wor.,& Wolver lOO 32 34 324 10 Peebles all 20 Portsmouth 10 Rhymney lO Stock Scotti sh Central lOO 110 112 Stock Scoth. N.E., Aber. Stock 100 25 26 Stock Do. Scottish Mid. Stock 100 80 82 Stock Shropshire Union lOO 45 47 10 Sittingbourne & Sheer all I 3 d Stock South Devon lOO 42 44 Stock South-Eastern lOO 72 1 73 1 73 24 Stock South wales 20 SouthYorks.&Riv.Dun all 6 0 65 20 Do. do lB 20 Staines, Wok., & Wek all 8 11 25 Stockton & Darlington all 364 374 25 Do. lii. 1855 7 25 Do. . 1858 7 Stoc n & ilartlepool 164 Stock Taff Vale lOO Stock Do. Preference, No. 1 25 ThamesHavenDk&Rail 22 Stock Vale of Neath lOO 68 72 Stock Waterford & Kilkenny 100 50 Waterford & Limerick all 20 West Cornwall 10 W-end Lon. Sr Cry. Pal all 5 Do.A.—Arecv.nodiv.till 7 p.c. has been pd. to B all 3 3 1 5 Do. B all 74 n 20 West London all 10 Do. Ist Class all 20 Do. 2d Class all 100 Atlantic &St Lawrence Leased at 6 per cent all 79 81 18 Bom.,Baroda&Centlnd 134 161 17 gu. 5 per cent 18 Do all 18 Do. Addit. Capital A 6 14 1 d 18 Do. Do. B 9 14 1 d 201 Buffalo and Lake Huron all 5 54 d 201 Do. New l6l 6 7 d 100 JBuffalo,Brant&Godrich 6 p. ct. Ms. 1 Aug., 187, 100 Do. do. 1 July, 1873 100 I 190 Do. do. 1 June, 1874 20 Clcutta.&S.Eastrn.Lim. L 20 Cape,Eastn. Prov.(Lim.) 2s. 20 Cape Town & Dock Scrip 2s. I 11 ld 20 Central Oude (Limited) 2s. 6d. 20 Ceylon Guaranteed 6p.c 74 14 4d 6 4 171 Demerara 20 Eastern Bengal.gu.sp.c 5 1: 11 d Stock East Indian, gu. sp. c lOO 98 99 984 2 20 Do. C Shares all - 20 Do. F Shares Ext 5 20 Do. Jubbulpore 5 __.. 41 100 D0.44p.c. Bds. pay.'s9 all 99 100 99 20 Geelong& Mel.gua.s p. c. all 19 20 s to. I Geelong Corporation 6 1 100 ( per cent. Bonds Stock Grand Trunk of Canada 100 32 34 32 1 100 Do. 6p.c. Deben.,pay.'7B all 73 75 100 Do. 6 per cent. Pref lOO 91 93 921 20 Gt. IndiaPenin.gua.sp.e all 95 96 96 41 20 Do. New, gua.s per cent 4 11 d 3 20 Do. do 4 20 Gt.S.of Ind.Lim.—Scrip 2s. 11 ld ( guaranteed 5 per cent. 201 Gt. W. of Canada Shares all 15 151 201 Do. New 100 I Do. Bonds pay. 78,with opt. till '6O ( 100 Do. do. '73 till '6O all 102 104 100 Do. do. "/3 without opt all 101 103 100 Do. 54 p. c. do. '77 do 20 Madras, guar., 41 p. c all 85 90 90 20 Do. do. 5 per cent all - 20 Do. 44 p. c. Extension l5 88 92 20 Do. Third Ex. gua.s.p.c l5 19 191 d 20 Do. Fourth do. Stock Melb. Corp. 6 p.c. Bonds 100 —..- 20 {Newßrunswtck&Canda. Ry.&Land(Lim.)g.6pc 10 —d Class ACapitl.Share .. Do. do. Land do .. 20 Do. do. B. Capital do lO --d .. Do. do. Land do 20 f Northof India Tramroad 2s. Limited, Scrip 20 Oude (Limited) 20 Scinde 4.1 15 —d d 20 Do. 20 Do. New l2 11 1 d 20 Do. Punjaub 5 1: lld 20 Do. Indus. St. Flo. bsg' 10 1 1 d 20 St. Andrews Sr Quebec A 18 10 Trinidad(Limited) Scrip 1 I FOREIGN RAILWAYS. 10 Antwerp & Rotterdam all 41 44 20 Ardennes all 20 Bah.&S.Fran.,Lim.7p.c 3 1% 0 d 5 Belgian East. Junction all 4 1 20 Beziers to Graissessa,c all 5 Carmeaux Mine & Rail all 2 21 20 Dutch Rhenish 6 Eastern of France all 25 26 20 Euphrates Valley 2s. p 20 Great Central of France all 20 Gt. Luxem., Con. shs all 61 61 64 10 Italian Junction 8 20 Lake Constance & Bale all 20 Lierre and Turnhout all 20 Lombardo Venetian 8 21 np 104 94 20 Lucca & Pistoja, 5 p.c.f all 20 Lyons and Geneva all 331 M aria Antonia all 20 Do. do. New 20 Namur and Liege all 71 81 71 20 Do. do. 6p. o. Pref. all 18 t 194 16 Northern of France 20 Do. New Shares 10 Norwegian Trunk Pref all 9 10 20 Ottoman, gua. 6 per cent 7 - • 20 Paris,Lyons, and Medit. all 34 35 20 Paris and Orleans 20 Recife& S. Fran. (f e r n.) 11 2} 21 d gua. 7 p. ct. (Lim.) 20 Riga and Dunaburg 4 10 Rome and Frascati 20 Royal Danish all 5 Royal Swedish 4 Do. 7 per cent. Pref all 20 Sambre and Meuse all 6% 64 61 10 Do. 51 per cent. Pref all 81 81 20 Southern of France 84 West Flanders all 54 6 10 Do. 51 p. c. Preference 20 W. & N.W. of France all 21 22 20 Western of Austria 20 Western of Switzerland all 6 Wiesbaden 6 Do 8 per cent. Pref all 20 Zealand all Alfred Consols (Philack) 2.11.10 5 6 20 British Iron - iCondurrow (Camborne) 2O 10 'Devon G. Cons. (Tavist ) 1 445 455 East Bassett (Illogan) 3O 1774 1824 181 Great South Tolgus. 17s 13 14 G.Wheal 11.18.8 14 2 G. Wheal Vor (Helston 91 ; Lady Bertha lBs 6d 14 14 North Frances (Illogan) Si 6 7 North Wheal Crofty 7.9.4 7 8 N.Wh'l Basset (Illogan nil. 74 8; Par Consols (St. Bl axy 1; 12 13 Porkellis Unit. (Wend,. 9 - - Sortridge Cons. Min. Co. 63 I SouthCaradon (St. Cleer) 24 240 250 - ISorth C. Brea( Illogan). 2 21 4 IS Wheal Fran. (Illogan)' 18.18.9 165 175 5 Tamar Silver and Lead Mining Co 4; 2; 24 10 Tin Croft 9 41 4i UnitedMines(Gwennap) 40 Vale of Towey (Carm.) 12s 6d West Basset (Illogan) l4 21 22 W. Caradon (Liskeard) lO 1374 1414 138 Wheal Basset (Mogan) 54 175 185 Wheal Buller (Redruth) 5 95 105 • Wheal Edward (Cale.) 54 2 24 Wheal Kitty A (U. Lelant) 1.7.2 9 10 Marynn (Menhe) 8 37 39 WWI Trelawney (Lisk.) 44 28 $0 FOREIGN MINES 20 Australian 1 Bon AccordCopper,Lim los par p 35 Brazil. Imp. (is. at £sp ) 27 4 1 20 Do. St.Johndel Rey,Lim l5 9 11 : 5 Do. L and and MiningCo all 1 Clarendon Consols Min ing Co. of Jamaica d 40 Cobra Copper all 42 43 434 Caplan° l6 9 11 1 DunMoun.Cop.Ming.Co all 4 2 Fortuna 20 General all 23 25 3 Linares all 10 11 5 Lug' tan ian I Mariquita all 1 New Granada all 1 N.RhineCop.of S.Aus.L 10 4 e p 20 Pontgibaud Silver, Lead Mining and Smelt..., all 3 4 5 Port Philip 1 a a 30 Santiago de Cuba 164 28.2.8/ United Mexican .. voz MISCELLANEOUS. Bedford and Bletchley l all Ln & N.W .. .. urkish 6 Per Cent — Buckinghamshire.,,. 100 !Ln & N.W 98 100 _ Ditto Account Ditto New Loan — Colchester, Stour Val. all 'E.U.&E C 17 18 -------------- Ditto Account E Union,HarvrichShs. all E.Counts. Dividends on the above payable in London. Do. Woodbridge . . 100 260 lel 1000 'Atlantic Tel. (Limited). 27 2 9 28 f glan, 4 1 per Cent., Ex. 25f , 97 Gls.Barr.&Neils , Dret. 100 Caledonia ! 10 Anglo-Mexican Mint'., all l l 22 1 0 3 14 25 ,Australian Agricultural 19 thitch Exchange, 12 Gull. 2 1 per Cent 6st Do. New lOO Do. — 10 !Australian Royal Mail . all f i -Ditto Certificats, 4 per Cent. .. 1001 Gloster& Dean Forest all Gt. West. Hartlpool.DckAltail. all Yk.N.&Br 10 'Berlin Water Works ... all 2 3 .. THREE O'CLOCK. — erilVis.n. Dollar Bonds, 41 per Ct. Ex. 4s- 77 Hull and Selby Consols, Mon 50 British American Land -1 1 0 ey . 1 Do. Shares all D 0....... 1— • 50 Brit. & Irish Mag.Tel.A. all 30 38 Ditto Account 20 Do. B, 7p. c. ti 111862.. all 19 21 I Do. Shares all Do. Do. Preference .......................,................ Lon.,Tilby.&Soutend. 100 P e t o &Co. 90 92 91 100 Canada Land Do. Barking Shares.. all D o. . ... .. Stock Cop.Min.ofEng.&Smlfg all THIS DAY'S SHIPPING . Lowestoft, gua. 4p. ct. 100 Norfolk .. 10 Chan.lslands Tel.(Lim.) 25 Do. Preference 71per ct all 24 25 • 100 Do. . _ a 32 if f 1 8 10 116 9 ---4.----. Do. 6 per cent 5 Crystal Palace ormow, July 22 Wm' d this day at no on , S out h - Manc.,Buxtn. & Matk. all LN Wati 2i 21 0 Do. Preference all 4f 4 Westerly • light, pleas ant — breeze, and very fine clear Midsb.& Redcr, g.6p.c. all Stk.& Dar __2o Eastern Steam all 'Weather Mid.BradfordPrf. Stk. 100 Midland . 98 100 99 Stock Electric Telegraph lOO ,104 110 1081 Newmarkt.,BuryEx I , SOUTHAMPTON, July 21.—Wind S.W.—Arrived— guaranteed 5p.c.5. 5. 6. E.Counts. i 3. p PM -orenaen, steamer, from New York. Northn. & Eastn. 5 p.c. all Do. ...... 57 59 10 5 9 p & . & A u i a t t d .. C j o u p n . o l t . T . C a l : 1 %1! f ; 1 22 NENVPORT, July 21.—Wind S.W.Arrived—Albun Do. do. 6 per cent. ... all Do. E E En u urg ro °. p. &Am.Stm.(Lbm) all 20 GLlron ScrewCol.(Lim all 111 : 41 1 Shediac. ' Do. Sized 5 per cent. all Do. 15 Gen. Steam Navigation. 14 L&N W ) . SWANsEA, June 21.—Wind S.E. — Arrived—Fairy, Preston and Wyro.l all & L.Yk. i— 20 London Discount 5llll d 3f ' r ow Quebec. 4 Lond.Gen. Omnibus Co. all li 1 CLYDE, July 21 --Win' Do. i Shares Mediter. Electric Teleg. all Wolfe' C f . s ave, rom Quebec_el E.— Arrived —Envoy, and Roystn,Hitch.,& Shp 100 Gt. North. 138 140 , Alkmar, fro Steph ' Shf Roth &Gol cr 5 c 1811 6 Lan.& Yk 10 10 Med. Exten. Tel. (Lim.) all 5 6 d Sai led—Opheila, for New York. ra St. en 8. Sh r swsbry& : He r e f o rd '•. all T Brassey 9f 10 25 National Discount C 0... 5 if 1 South Staffordshire .. all M'Clcan . 101 11 101 10 Netherlands Land 6 (BY ELE CTRIC TELEGRAPH.) Wear Valley, g. 6 p.c. all 9tk.ScDar 10 Do do all 5 Do 8 p.c.Pret,iss.at Wis all i 1 . Wind E. ' LIVERPOOL, Friday Mornin g. Do do. a ll Do. Wilts and Somerset.. 100 Gt. West BB 90 100 N.BL&NovaScotiaLand 80 —1 . —........ W i mbledon& Croydn. all L.&Brgtn 8 9 i 1 N.B.Australasian (Lim. al I ; I (BY s UIAtARINE A. 20 North of Europe Steam al l TELEGRAPH.) DOCKS. 1 Oriental Gas ND BRITISH ' 1 Do. New Shares lss. f d par . GRAVESEND, Friday Wind SW. ; tide, four hours- laaraing. B------------------.---'------hare ] Docks. !Paid Price. Done. 50 Pen. & Oriental Steam. all 77 79 701 1 2 5 Peel River Land &M. all 2i 21 2 1 . ,1_ fine. • ebb; weather very Friday MoClosing Business so Do. New ........ . DEAL, ' *.""--- 20 Red Sea & Ind. Telegr. 10 f IP ruing. Stock Cocron Wind S.S.W., moderate.ommercial lOO —. ........ all 5 i Of a%I Stock Do 4 perCent.Pref . Min. 100 --. go 49 61 h , no Royal Mail eam Stuck East and West India... 100 -- ,„ . 1 seot.Austrin.lnv.(Lina.) all 115 13 0 _ ..,„ SUDDEN DEATH. —Mr. Reid, bookseller and stn- Stock London .. _ • ..... 100 25 South Australian Land. 11 35 17 lon 4 tioner, of Stock St. Rath esti; ... . . lOO - 1 Submarine Teleg. Scrip. all f y _ . , 1. ,_ /_.5, Charing-cross, was seen to stagger and fall Stock Victoria ........... . ... 100 100 102 , Stock Southampton lOO —. 15 50 D Rh o 3 . -mn New ey . 'date day la th e 1:4. - ahoP). and a medical man being sent for 1 Do. do Registered .. . all I 1 ' 49 w as lOWA to be extinct. to Do New .., ...... ! is --, 20 Tr.& Ln.Co.of Upr. Oa 5 100 Van Diemen 's Lend;',.. SSC . a 9 THE SUN, LONDON, FRIDAY EVENING, JULY 22, 185 g. IMPERIAL PARLIAMENT HOUSE OF LORDS-(YESTERDAY). The LORD CHANCELLOR took his seat on the woolsack at half-past .4 o'clock. ROYAL COMMISSION. The Royal assent was given, by commission, to the fol lowing bills : The,Clerk of the Council, Manchester and Lincolnshire Railway, South Wales, Pembroke, and Tenby Junction, Tyne Improvement, Gateshead Railway, Hampstead Junc tion Railway, Great Western Railway-, North British, Sel kirk, and Galashiels Railway, Caledonian Railway, Tenbury Railway, Worcester and Hereford Rail way, Lymington Railway, Great North of Scot land Railway, Reading and Hatfield Railway, Kingston-upon-Thames Gas, London and North-Western Railway (Edgehill and Garston), North-Eastern Railway (Nidd Valley Branch), Dundee and Newtyle Railway, Salford Borough (No. 2), Greenwich and South- Eastern Dock, Price's Patent Candle Company, Red Sea Telegraph, Vale of Neath R a il way, A t l ant i c T e l egrap h (No. 2) ' • Border Union (North B r iti s h) ; N orw i c h N ew Street ; Wenlock and Severn Junction ; Liverpool Ex change; Castle Douglas and Dumfries Railway; Llanidloes, and Newtown Railway; Portsmouth and London and Great Western Railway; Forth and Clyde Navigation; Cater ham Railway; Maybole and Girvan Railway; Hertford and Luton and Dunstable Railway ; and Sandwith's Divorce. The Lords' Commissioners were the Lord Chancellor, the Duke of Argyll, and Lord Monteagle. Their lordships adjourned during pleasure. The LORD CHANCELLOR took his seat- on the woolsack at five o'clock. Londonderry and Lough Swilly Railway ; Malltraeth and Corsddaugau Marsh ; Midland Railway (Eyewash Valley); Mid-Sussex and Midhurat Junction Railway ; Newry and Armagh Railway ; North Eastern and Bedale and Ley burn Railway Companies Amalgamation; North Eastern Railway (Harrogate Branches); Norwich Corn Exchange ; Perth, Kinross, and Fife Roads; South Staffordshire Rail way ; South Yorkshire Railway and River Dun Company ; Stockton and Darlington Railway; Sunderland. Dock (No. 2) ; Ulster Railway; Victoria Station and Pimlico Rail way; and West-end of London and Crystal Palace Railway (No, 1.). PRIVATE BILLS. The Central Wales Railway Bill wt.s read a second time ; the Pneumatic Despatch Company, the Merthyr, Tredegar, and Abergavenny Railway bills were read a third time and passed. COURT OF CHANCERY. Lord BROUGHAM presented A petition complaining of the delay arising in the Court of Chancery. This peti tion was infavour of appointing additional judges, but he did not agree in that prayer. ROYAL COMMISSION. The house was summoned to. the House of Lords by the Usher of the Black Rod to hear the Royal assent given by commission to several bills, for which sec Lords' report. CORPORATION OF LONDON REFORM BILL. Mr. EDWIN JAMES gave notice that on the second reading of this bill he would move that any bill which did not embody the recommendation of the commission of 1854 would be an incomplete measure. MORTALITY IN TRINIDAD. Sir DE L. EVANS moved an address for copy of con tinuation of the correspondence concerning the mortality and sickness of the 41st Regiment at Trinidad, and con cerning the unhealthy location of the barracks in that co lony, dated War-office, the 7th day of April, 1859.—Or dered. NEW GOVERNMENT OFFICES. Lord ELCHO moved for copies of the official letters by which Mr. Scott was appointed the architect of theproposed new Foreign and Indian Offices.—Ordered. SMITHFIELD MARKET. Mr. K. SEYMER asked the Secretary of State for the Home Department whether it was the intention of her Majesty's Government to adopt so much of the site of Smithfield market as reverts to the Crown for the enjoy. ment and recreation of the public. Sir G. C. LEWIS said that he had seen the correspon dence which had taken place between Government and the city in reference to the subject, and the latter was ready to meet the Government in carrying out the object alluded to by the hon. member. FE WEE ISLANDS. PRIVATE BILLS. Lord REDE SDALE moved that no private bills brought from the House of Commons shall be read a second time after Tuesday, the 2d of August.—Agreed to. DIVORCE COURT BILL. The LORD CHANCELLOR moved the second read ing of this bill, which proposed that all the puisne judges should become members of the court and take it in turns to sit with the Judge Ordinary, and form what was termed full courts more frequently, by which means, he trusted, the arrears of business would be expeditiously dis posed of. The bill further proposed that when the learned judge thought proper the court might sit with closed doors, as some of the cases that were heard there were totally unfit for the public,. and could only tend to demoralisation. Another provision was that, where necessary, the assistance of the Attorney-General should be called in, and thus exer cise some control in certain cases. Lord BROUGHAM supported the bill. Lord CHELMSFORD was opposed to the bill. He thought a separate number of new judges should be appointed, as the time of the judges of the superior courts was already fully occupied. Lord CRAW WORTH said he paid great attention to the proceedings of the court in question, and he must say that they had not attained that celebrity which he thought was desirable. He did not think the plan proposed would meet the evil which at present existed, but he quite agreed that the course recommended by the bill was the right one to be pursued in the first instance. He thought that one mode of meeting one of the evils complained of, was by granting a decree nisi in the first iestance. Lord REDESDALE said he did not purpose to object to this bill, but he denied that the proceedings of the Divorce Court could be said to assimilate to the course which had been pursued by their lordships in divorce cases. He thought that in all cases of a judicial separation of mar riages, the proceedings should be made as public as possible. The Earl of WICKLOW said he could not understand why it was that the House of Commons struck out the clause which was inserted in the bill when it went before that house, by which its provisions were to be extended to Ireland and the colonies. It was said that a separate act on this subject should be passed for Ireland, but he, for one, wished that laws which were passed for the social improve ment of this country should be extended to Ireland. The Earl of DONOUGHMORE concurred in the view of his noble friend who had last addressed their lordships. The object of this measure was to extend relief to the middle and lower elasses, and therefore they ought to be careful of increasing the expense. He did hope that the noble and learned lord would consider this point. The Marquis of CLANRICARDE wished to say a few words on extending this act to Ireland. They were in such a position that they must legislate for Ireland. He depre cated the establishment of any tribunal in that country. If any change was to take place there, it should be done as quietly as possible. He recommended the introduction of one or two clauses, to put an end to actions of crim. con. in Ireland, and to give relief through the courts of this country. Lord DUNGANNON thought the public morals had not been improved by the publication of the reports of this court. He was of opinion that a gross act of injustice would be done to Ireland unless they had the benefits and conveniences intended to be conferred by this bill. Lord TEYNHAM thought that the expense of the pro cedure should be diminished as much as possible. He should support the second reading. The LORD CHANCELLOR said that he could have no possible objection to, introducing a clause or clauses extend ing the benefits of this measure to Ireland, and if any noble lord would take the responsibility of proposing such clauses he would make no objection whatever. In fact, he had himself prepared an amendment for that purpose, but he had been induced to give it up by the strong representations of persons connected with Ireland. In certain cases he thought the Divorce Court should sit with closed doors, and then there would be no violation of public decency. The bill was read a second time. THE ATTORNEY AND SOLICITORS' BILL. A motion of Mr. ADDERLEY, for a copy of any cor respondence which may have passed on the subject of the assumption by her Majesty of the sovereignty of the Feegee islands, was agreed to. APSLEY HOUSE. The report of amendments on this bill was brought up and received. PUBLIC HEALTH BILL ---- On the motion of the Earl of GRANVILLE this bill was read a second time. Lord DUNGANNON presented a petition from the clergy of Buckingham against any alteration in the present marriage law which might legalise marriage with a de ceased wife's sister. In reply to Mr. BRADY, Sir G. C. LEWIS read a report from the Chief Commis sioner of Police, to the effect that the regulations rela tive to cabs taking up and letting down passengers oppo site the rails of Apsley House had been relaxed. It was necessary that the greatest care should be taken to prevent obstructions at, that portion of the thoroughfare in question. THE HARBOUR OF MALTA. The Earl of CARNARVON, according to notice, put a iqanuegsteimoneattoathneaw n Fir:tdLerordcaonfaidthereaAtiodnmirbalytythaes Admiralty, for the iralt a th r y - e, for the redistribution of the h ar b ours of Malta, an better naval protection of the town. Considerable dissen sion had arisen between the navy and the merchant service in consequence of the want o f accommodation, an d the in crease both in the numbe r o f war vessels and m ercnant shipping requiring the use of the port. In fact, the pre sent arrangements were quite beneath the necessary re quirements of the fleet and our mercantile marine. The late Govo nment h a d a p l an before them, when they went out of office, by whi c h, at an expense of about £70,000, this defect would have b een supplied, by converting a morass at one end of the existing harbours into a harbour for mer chant shipping. He wished to know whether the noble duke intended to carry out that plan? He did not say that at this period he would ask that the sum named should be introduced in a supplemental vote, but looking at the pressing necessity of the case with reference to the wants of our own marine, he begged to urge the completion of some such plan at the earliest possible moment. With re • spect to the latter part of his question which had reference to the better protection, it was desirable under the present state of affairs that as little should be said on such subjects as possible. He would therefore simply confine himself to the statement that the fortifications and defences of Malta were not in that satisfactory state which they ought to be, see ing how important a key it constituted for the defence of our commerce, and the maintenance of our position as a great maritime power. He knew that the putting of these fortifications into a proper condition was a question con nected with the general subject of the military defences of the country. He knew also that of late those fortifications had in some cases been repaired and strengthened, but he was sure that the noble duke would agree with him, that look ing at the extremely important position of Malta, the port and without harb delay ours should be p u t i nto the most perfect condition The Duke of SOMERSET said he was impressed with the importance of the subject to which the noble earl had called the attention of their lordships. The difficulty in deal- 1 ing with the want of sufficient accommodation for both the navy and the merchant ships which used the harbours lay in the fact, that the greater the number of the Mediterra nean fleet the larger also was the number of merchant Ships that frequented the harbours. That was forcibly shown during the time of the Crimean war, when the pressure upon the accommodation in the harbours was very great. He admitted that in that point of view alone, apart from the other considerations to which the noble earl had adverted, it was most desirable that some arrange ments should be made 'for remedying the admitted defi ciencies of those harbours, and he could assure the noble lord that the Government had the subject under their con sideration with a desire to do all that lay in their power for that purpose. 'With respect to the plans referred to by the noble earl he would only say that they had been prepared and sent over here a considerable time ago, and that they had be en i n th e possession of the late Government for more than five months. When he came into office he found that, although the late Government had prepared not only the ordinary, but the supplemental estimates for the year, they did not include a vote for the carrying out of those plans. He did not like, therefore, in the course o f a f ew d a y s , to incur the responsibility of pressing a question which in. volved the expenditure of somewhere about £BO,OOO. The subject required some time, but he would almit that it was most desirable something should be done with the least possible delay. He repeated that the question was under the consideration of the Government, and they would do all in their power to carry out the objects in view. Lord STRATFORD de REDCLIFFE was grateful to the noble duke for the statement that this question was under the consideration of the Government, but he rose merely to say that though the question was an urgent and pressing ono as far as regarded the accommodation to be given to our own shipping, both naval and mercantile, it was more important, looking at the present state of affairs on the Continent, in a military point of view. Malta was a port associated with historical recollections, to which he need not refer, but it was sufficiently obvious that the put ting of the harbours and the town into the most perfect state of defence was a question which demanded serious attention and instant action. The Duke of NEWCASTLE said he perhaps could ans ger the question of his noble friend. He could assure his noble friend that neither ithe War Office, in the first place, nor the Admiralty in the second, had neglected this' matter, and he could further assure his noble friend that the members of her Majesty's Government were in com munication upon the subject, and that no steps should be neg lected in relation to it. Their lordships then adjourned. HOUSE OF COIVIMONS.—(YESTERDAY.) The SPEAKER took the chair at four o'clock. PRIVATE BUSINESS. The Lords' amendments to the Witney Railway (No. 2) Bill were considered and agreed to. The following Bills were read a third time and passed : Bagenalstown and Wexford Railway; British and Canadian Telegraph Company; Bury St. Edmund's Gas ; Cleveland Railway ; Dublin and Drogheda Railway ; Dundalk and Enniskillen Railway ; Finford Bridge and Banbury Road ; Gloucester and Cheltenham Tramway Abandonment; Kensington Station and North and South London Junc tion Railway ; Lancashire and Yorkshire and East Lanca shire Railway Companies ; Lancaster and Carlisle Rail way; Leeds, Bradford, and Halif ax J unction Railway; London and North Western Railway (Sutton Coldfield Branch, changed from " Birmingham, Edrington, and Button Coldfield Railway (Western Line) ;" 'EMIGRATION. Mr. ADDERLEY moved for returns of the total number of persons who had emigrated through the agency of the Emigration Commissioners during the last twelve months of which the reports were complete, and the names of the colonies to which they had gone. And, of the total cost of their emigration, including that of the agency of Emigration Officers and of the Board, and what portions of that cost had been provided by colonies, and how much each colony contributed ; and whether the Commissioners had any other duties besides those con nected with the superintendence of emigration; and, if so, of what description.—Ordered. ARMY SURGEONS. _ _ Mr. PATRICK O'BRIEN moved an address for return of the names of the successful candidates at the competitive examination held for the appointment of assistant surgeons in the Queen's and East Indian arwies since the year 1855 inclusive ; also the names of the examiners, the place or school of medical education of each candidate, success ful or unsuccessful.—Ordered ELECTION COMMITTEES. Lou! ELCHO, on the motion for going into committee of ways and means, drew attention to this subject and expressed his conviction that it would be most de sirable to postpone these committees until next session. He concluded by giving notice that he would bring forward the subject to-morrow. CORPORATION OF LONDON REFORM BILL. Sir J. SHELLEY again appealed to the Home Secretary not to press forward this bill during the present session, or at all events to postpone it for one month. Sir G. C. LEWIS said that he had no desire to press forward the measure, and he would postpone it until next session if the house wished him to do so. It should be remembered that the bill issued from the commis sion after a most careful investigation, and he could not see what benefit would result from the course advocated by the hon. bart. With regard to the postponement for a month, that would be useless, because that would inevitably lead to it being put off till next session. THE BUDGET. Mr. DISRAELI— Sir, before you leave the chair I wish to make a few observations on the present financial condi- tion of the country, which it will probably be more conve nient for me to offer now than when we are in committee. It is scarcely necessary for me to advert to the conduct of our finances by the late Government, or to the condition in which they left them, because the right hon. gentleman the Chancellor of the Exchequer has noticed generally what took place under the late Administration with respect to our finances, and he spoke of their conduct in so fair a spirit that I am not disposed in any way to question his description, being quite sure that if in one very important particular he conveyed an erroneous impression to the house he did so merely through inadvertence. I may, how ever, remind the house that when we acceded to office, and it became my duty on the part of the Government to state the position in which we found our finances, and the ways and means which we proposed to meet them, the country had scarcely recovered from one of the severest monetary and in some degree commercial convulsions which it ever had experienced. (Hear, hear.) Indeed, if we take the amount of commercial disaster as the test of the gra vity of the crisis, what happened nearly two years ago was without exception the worst state of depression which the commercial classes of this country have passed through in our time. It was under those circumstances that I was called upon to state the condition of our finances, and to propose the ways and means to this house at the early part of the year 1858. The house will recollect that on that occasion there was a deficit, if I remember right, of about four millions which we had to encounter. That deficit was met by a proposition on the part of the late Government that we should put an end to the fictitious sinking fund which had been instituted, and that we should not pay off two millions of Exchequer Bonds which were becoming due. The sinking-fund and the Ex chequer Bonds formed the greater portion of the deficit which we had to face. And it was the opinion of the Go vernment that it was not expedient, perhaps under any cir cumstance, but especially at a moment when the commer cial classes were suffering in the manner to which I have referred, to make any great increase in the taxation of the country, in order to pay off incumbrances and to reduce debt. Well, it was, I think I may say, the unanimous opinion of Parliament that we took a right course on that occasion. It was the opinion of Parliament, the country at that moment being in a state of considerable distress, that we should not think of laying on £4,000,000 of new taxes to support an artificial sinking fund, and to pay off £2,000,000 of Exchequer Bonds for the sake of reducing the public debt to that amount. It is not necessary for me to vindicate the course we took upon that occasion. That course has not been impugned in this house or in the country ; on the contrary, it has been unanimously approved—(hear, hear) — and all the attacks that have been made upon it have been made out of doors, and I have no doubt in the same spirit, and probably by the sane machinery, with which attacks have been made upon other portions of the policy of the late Government which time has already vindicated. (Hear, hear.) The deficiency of £4,000,000, to a certain but much smaller degree, would have been increased by a re duction of the income-tax from 7d. to sd. That reduction had been provided for by law, and in the course of the year it would have effected a reduction of revenue to the extent of £1,000,000. The Government were of opinion that it would be most unwise to interfere with that natural and legal reduction of the income-tax. They thought that there were social and political reasons which ought to influence them in that decision, as well as fiscal and financial ones. It appeared to them to be a matter of the greatest import• once that the general understanding which prevailed between Parliament and the country, that the income-tax was to be gradually reduced, and at a certain period to ter minate, should be observed in spirit at least if not in letter, and that we could not count upon the country rallying round the Government upon an emergency if, upon the first occasion, it found the Ministry anxious to relieve themselves from the engagement which had been entered into with respect to the income-tax. Our policy upon this point was almost unanimously approved by the house and the country ; and although there may have been some who thought that, under all the circumstances, it was toe hazardous a course to take, I think I may appeal to the re sult of the management of the finances under the late Ad-' ministration, as showing that totally irrespective of social and political considerations —looking only to financial con siderations—it was a course perfectly justifiable, and, in fact, ultimately very beneficial. (Hear, hear.) It was supposed then, by the late Government, that they would have to encounter in the year 1859-60, in consequence of the policy which they recommended Parliament to adopt, a deficiency of probably not less than £3,600,000, viz., £2,000,000 of Exchequer Bonds, a loss of £1,000,000 in the shape of the second half of the reduction of the income-tax from 7d. to 5d., and deficits amounting on the whole to about £500,000. Let me ask now, have the expectations held out by the late Government with respect to the re sources of the country been realized by the event ? We paid the £2,000,000 of Exchequer Bonds out of the balances in the Exchequer, and I may say here that the Chancellor of the Exchequer seemed to labour under a mistake when he assumed the other night that it was not the intention of the late Govei wnent to pay the Exchequer Bonds out of the balances, and that if we had dono so it was in consequence of the political and Parliamentary disturbances which ended in the recent dissolution. That is not the case. It was always the intention of the late Government to pay those £2,000,000 of Exchequer Bonds out of the balances. They found the balances in a strong state, and they in creased their strength by calling upon the Bank for that £1,000,000 which otherwise they would not have demanded, and which they were authorised to raise under a financial arrangement which the house sanctioned in 1858-9. Had we not contemplated paying the Exchequer Bonds out of the balances we should not have called upon the Bank to pay us the second moiety of that loan, but should have allowed that £1,000,000 of public debt to be extinguished. But we called for that second £1,000,000 in order that we might meet these £2,000,000 of Exchequer Bonds, and that we should not be under the necessity of continuing them or postponing their payment. (Hear, hear.) How then, were were we to meet a deficiency of £3,500,000 consistingmainly of £2,000,000 of Exchequer Bonds and a reduction of in come-tax to the extent of £1,000,000 ? We anticipated that we would meet it by a surplus revenue, --by. an excess of in come over expenditure. I estimated the revenue at a sum something lake , but *lightly under in round numbers, l £64,000,000. It is not necessary to vindicate the conduct of the late Government upon every one of the items of that estimate. It is possible, and always will happen, that when L you have at the commencement of the financial year to offer an estimate to the house of the resources of the country. some of your items will not be exactly realised, because they must after all to a certain extent be hypothetical. All you have io expect from a Chancellor of the Exchequer is, that his estimate should as a whole proVe adequate to the occa sion, and that the sums realised should not generally fall short of the calculated amounts. An estimate of revenue which takes a whsle year to accrue must prove inaccurate in some of its details . ; but if you find it realises the sum which the Chancellor of the Exchequer has led you to ex pect you are bound to admit that in that respect at least he has done his duty. (Hear. hear.) What happened, then, in the year for which the late Government are responsible ? The estimate was under £64,000,000 ; the receipts were £65,500,000; showing an excess of £1,500,000. (Hear.) That £1,500,000 furnished us with resources for meeting a decline in the revenue occasioned by the second £1,000,000 of the reduction of the income-tax, and also left a sufficient surplus. It had been said that the excess 0f11,500,000 was not so genuine as could have been desired, oocurring to a considerable extent under the head of " Miscellaneous"— a source upon which implicit reliance cannot be placed. That is perfectly true, and it was foreseen by the Govern ment.. At the end of the year, after the third quarter when it became my duty to consider generally our finances, and to prepare for that exposition of them which ordinarily takes place at the commencement of April, we deducted the probable amount of " miscellaneous" from our surplus, reducing it to a Comparatively small amount, and by ex tending the ld. stamp duty to a variety of instruments re ferred to by the Chancellor of the Exchequer the other night, and by some further financial operations, we made arrangements not only to meet the deficiency occasioned by the loss of £1,000,000, upon the income-tax, but also to leave an ample balance in the exchequer. That is the general position in which we should ha v e left the finances had it not been for the occurrence of political events of great im portance, and therefore I hope I may claim for the late Government that their management of the finances was sound in principle and prudent in administration. ,(Hear.) Such, then, is my answer to those who for a considerable period have alarmed the country by descriptions of our finances being conducted upon a hand-to-mouth system, of their being managed in a slovenly manner, and of the diffi cult and perilous state in which they would be found by our successors. On the contrary, nothing we did in the post ponement of the public engagements was done without, not only the concurrence, but the unanimous concurrence of the House of Commons ; and I think the course of affairs since has completely vindicated the policy we recommended to Parliament, and which Parliament sanctioned—viz., not to waste our resources in maintaining artificial sinking funds, and not, after the catastrophe of November, 1857, to im pose £1,000,000 of new taxes upon an industrious people smarting under great disasters. (Hear, hear.) I have already mentioned that at the commencement of the year political events occurred which entirely changed the aspect of affairs and the situation of the Government in respect to the finances. It became necessary very early in the year greatly to increase the estimate for the navy, and also to make an addition to our military expenditure. No one on the other side can blame the late Government for the policy they recommended the house to adopt. Our conduct has met with general approbation, and although the result of our measure is, no doubt a deficiency of between £4,000,000 and £5,000,000, all admit that our expenditure was called for by the highest interests of the country, and that no Minister could have shown himself in this house who was not prepared to make the necessarp arrangements for a crisis which at the beginning of the year seemed fast approach ing. (Hear.) Our successors have had to meet difficulties from which we should not have shrunk, and of which we are conscious. I hope the house will not think I have said too much in vindication of our conduct. This is the first time I have noticed those continuous and utterly false at tacks that have been made upon our administration of the finances. I am perfectly aware of the position of the pre sent Government, and I am anxious, as is every gentleman on this side of the house, that they should receive a fair and candid support. Let us now consider the course which the right hon. gentleman recommends us to take. I will, in the first place, say that to the decision to which the Govern ment has arrived of dealing with this deficiency by taxation, and not by raising a loan, I give my unqualified approba tion. (Hear.) I don't mean to say there are not cases in which even in thus of peace we should not have recourse to a loan. Every one knows that such emergencies may arise, but they can occur only very rarely. Twice in the experi ence of the generation I am addressing those great emer gencies have arisen. I am not prepared broadly to lay down that even the question of the national defences, which I understand is to be brought before the house, maynot be an exception. I give no opinion at present upon so wide a sub ject, which demands the mostoautious investigation and the closest reflection. But I say there was nothing in the ex penditure incurred by the late Government, and sanctioned by their successors, which in its nature and amount justi fied recourse to a loan. (Hear.) Its amount, though con siderable, was not of that largeness which in this country is generally associated with sums raised in such a manner. Treating it in round numbers as £5,000,000, we must recol lect that there had been a reduction of taxation to the amount of £2,000,000 within only a year and a half ; and I think the wisdom of the step then taken is made manifest by the position in which we now find ourselves, and by the course which the Chancellor of the Exchequer has now recommended us to take. Great as may be the objec tion to his proposition, and great as even yet the diffi• culties he may have to encounter, everyone must feel what an ,advantage it is to him, in making this proposition, that the people of this country should remember in respect to the income-tax that the Government have already, at considerable hazard and with great difficulty, maintained their faith. (Hear.) The reduction of the income-tax frcm 7d. to sd. in the pound was an act which put the country in good humour, and made their feel that this was a finan cial weapon which the Government were not inclined to re sort to except under peculiar circumstances and on great emergencies. Now, admitting that the present Govern ment are perfectly justified in the course which they have taken, and quite approving of their determination not to have recourse to a loan when the expenditure we have to defray is such as I think the country ought, when neces sary, to be always able to meet in time of peace without borrowing, I would ask the house to consider the mode in which these taxes are to be raised. I would first, however, observe, that; totally irrespective of the bad financial policy of unnecessarily in times of peace having recourse to loans, I can imagine nothing more impolitic, as regards the opinion of Europe and the world, than at the first mo ment of pressure, when an amount of £ 4 , 000 , 000 or £5,000,000 is, wanting in order to place the armaments of the country in a proper position, to make it appear that this great and wealthy country is unable to defray such an expenditure without resorting to extraordinary measures. (Hear.) A loan under present circumstances must have produced a very bad effect, and must very much have influenced the opinion ef the world as to the resources of this country. (Hear.) Totally irrespective, therefore, of the error in financial policy which would be caused by now going into the market to borrow, I would say that nothing would have been more injudicious than such a pro ceeding, because it would have given to foreign Powers a very false notion of the resources of this country. But now as to the means by which these taxes are to be raised. The right hon. gentleman has proposed two measures; there are two resources from which his Ways and Means are to be derived, With regard to the third resolution, relating to , he malt credit, I will at present only say that I think it might have been as well, when the right hon. gentleman was tak ing so considerable a step, that he should have endeavoured to obtain a larger result. I conclude that the right hon. gentleman may yet look forward to the cZealing further with that source of supply, but if so I think it is only an ad ditional reason why he should have considered whether a greater result might not have been obtained at the present moment. No doubt inconvenience, if not injury, must be the result of this contemplated change ,• no doubt l this credit must be distributed over a considerable period of time ; and in making these arrangements and encountering the opposition and creating the prejudices to which they will naturally give rise, I think it is a question whether the right hon. gentleman might not have obtained a larger sum than the £780,000 which he expects from his proposal. Passing that over, I come to the means by which the right hon. gentleman contemplates obtaining no less a sum than £4,000,000. Now, I think it very unfortunate that at this moment, with 1860 so near at hand, the right hon. gentle man should have been forced to deal with the income tax ; but I freely admit that under all the circumstances of the case, though I might think the adoption of a smaller rate was possible, the right honourable geneeman was forced to adopt that tax to a very considerable ex tent as a means of supply—(hear, hear)—and if that be so, I do not think that it j is for the house—approving the general policy and acknowledging the necessity—to split straws upon the particular amount which he is to raise. (Hear,-hear.) So far, therefore, as that point is concerned I should not object to the amount of the tax which the right hon. gentleman has proposed. In so doing, however, I cannot refrain from expressing my opinion that all the arguments which have been offered to the house before, and even recently, against the property and income tax becom • ing a permanent source of our revenue are not in any way enfeebled by the concession which the house may choose to make as to the increase now proposed. The opinion of the house, as I have understood it, is that the property and income tax is to be retained for emergencies. All admit that we are now appealing to it upon a state of things which is not of an ordinary character • and in agreeing to the pro position of the Government I not only see no reason to change the opinion with respect to the tax which I ha hon. ready expressed, but I do not recognise that theright terfere gentleman's proposition, if acceded to, at all in looked with the settlement in 1860 to which we have always_ forward. But, although I am prepares ttenn,tloermbayn, thei- posal of the Government, I con ess I should grealyi incline pared to suppor t t th n e pro; in its practice to modify it. I was not at d i l l persuadedby an y b ob a s v e e rv n a o t t io b ns een w po hi r c a li nad fe e l d l information which has reached me from many quarters and byfro rurtthheerricgohntsidelira means to levy this special income from representatives of many classes, that the mode in which the right hon. gentleman tax, namely, in the course of s . i o x i m . onth . s, instead of spread ing it over the year, is o neyehi m t a i n s y st gr an av n e ec o e b s j sa eo r t y io . n ( s liear.) That it is one against which may be urged I think the right hon. gentleman himself will hardly deny. It certainly adds to the severity of the pros sure generally; in some particular instances it accomplishes positive acts of injustice—(hear)—and, thirdly, it is not only an injustice, but in some cases will prove absolutely im practicable. I will not trouble the house now by going into this point, because that will be better done in committee. The cases which might be mentioned, however, are nu merous and glaring, and I will answer for it that the more the proposition is considered the greater will be the objections and the more grievous the instances of hadi •- • u d u a a l l i d nj o u se st ri ic p e ti a o n n d o in f injury.the lousto (Hear.) If Ciatgvie er this arrangement be a just one, I cannot see why the right hon. gentleman should persist in it. What we want, I conclude, is that this £4,000,000 shall not be added eit b h u e t r i t n h lv t h i o t le si o lo r i i ii n d p: o rtto our permanent encumbrances, de frayed isout of the taxes of the country. (Hear.) If thehn.gtehnattleaumayn house o in that mood, as I believe it is, it can give the right Chancellor of f li t c h" ;haenqudelr,emanunPdht eunder standsson one of the resources of the right o hon e . gentleman, lc with first-rate security for raising £4,000 000 will not be able to obtain the accomtnodation that he requires without visiting with unnecessary severity and annoyance the great body of the taxpayers. (Cheers) I' should therefore be inclined, al though I trust that it will be unnec,essary, to 'move in com mittee au amendment to omit the last two hues and a half of the first resolution which would render this vexatious ar rangement nugatory, and give to the right lion, gentleman all the resources he desires. (Hear, hear.) Now, Sir. I have touched on the conduct of the finances by the late Government, and I have, I hope, with candour, treated the proposal of her Majesty's Government. I offer them as much support as financial schemes have a right to expect: Some criticisms theygenerally occasion, andsomeobjections; modifications are sometimes offered, and occasionally ac cepted. I hope the right hon. gentleman will accept this. I make no opposition to direct taxation. I have no wish to diminish the presentamount of direct taxation in oar existing financial - scheme. That it may take a form less unjust and obnoxious ultimately I for one sanguinely hope. (Cheers.) I ' have long believed that it is possibleto raisethe same amount of direct - taxation as at present without having recourse to an impost the objections to which never can be curod, and which is never felt at a moment of public emergency, when whichwwith times tconfidence. e though Chancellor It adds a you appeal, and rightly appeal, to the higher feelings of the country. (Hear.) Therefore, in times of war, or even in war liket h times of d o t d f h se peace,Exchequergreatly may a n a instrument wyap ; ei d to if influence of this wintry with forei g n countries,not abusd, to the an e dia,in fact, as important to this country as fleets and armies. Tlie consciousness that this country by a single tax, if neces sary, at a moment of exigency, can raise a sum as great as those loans that despotic monarchs raise with so ranch dif ficulty, at a high rate of interest, and to which they appeal with so much boastfulness—the knowledge that by a single tax we can, in the ways and means of the year, give, our Sovereign a sum as great as those loans which sanction aggression and invasion—this is one of those great facts that influence the minds of nations and of Cabinet's, and is a source of strength to a country that is incalculable. That is one reason why we should not fritter away this treasure. And although it may be desirable to appeal to the income tax at times of great commercial change or risk to enable us to effect reforms, we cught not to' look upon this as the habitual creature of our financial schemes. And every scheme consistent with sound finance will reserve the income tax as a weapon in our armoury which ought not to be used for trifling and common purposes. (Cheers.) Sir, there is one other point to which it is my duty to call the attention of the house—l mean the general condition of our finance. The right hon. gentleman has had great difficulties . to encounter this year. The prospects of this year under or dinary circumstances are extremely perplexing, but under the circumstances that have sprung up of, late in Europe, and which are still-in a state that occasions anxiety, the financial position of this country in time of peace ought not to be passed over without notice. -We are now raising a revenue of nearly £70,000,000 per annum in time of peace. There ‘' is no country that can go on raising £70,000,000 a-year in time of peace with impunity. (Hear, hear.) England cannot do it, and if England cannot, no country can de it. (Hear, hear.) How are we to meet this great and grow ing evil P It is useless to throw tne blame on the Govern ment, to whatever party it may belong. There are, no persons so interested in the economical administration .Of the country as the Government of the day, whatever Party they may be of. (Cheers.) The struggle against expenai ture is always a struggle between the Government and Ihe public, or between the Government and public events. 'The position of a Minister is much more easy, much more agree able, when he has not to lay on taxes; and nothing has so much led to the destruction of Governments and the injury of parties as having to deal with national finance at a period of confusion or deficit. And we shall do nothing by mak ing declamatory speeches in this house and the country, unless we ourselves take the question in hand, and see how and in enforcing what we call an econom ical administration far we can assist the Government in that great and neces sary result. (Cheers.) Now, sir, a great deal has been said about the civil service expenditure of this country, and I have heard it said that we are to obtain great results in re ducing the civil service estimates. I look upon that as quite delusive. (Cheers.) The Government of this country is upon the whole an economical Go vernment, and if you analyze the expenditure of the civil service estimates you will find that it is an expenditure really for the advantage, the welfare, and the advancement of the great body of the people. (Cheers.) The administration of justice, the education of the people, the health of the people, are the three great sources of expenditure. It may be true, and it no doubt is true, that some of the principles upon which these measures are founded and these changes are recommended may be exaggerated. There may be, no doubt, in the administra tion of the funds some expenditure that may be' avoided. Sometimes there may be a secret job to be detected ; but, if you look to the main objects and the main re sults, what are they ? You have an expenditure to in sure order, to insure .• education, and to secure the health of the people. Why, these are the three great sources of public wealth. An educated, an orderly, and, above all, a healthy people, are the three principal sources of public wealth. And if we in a moment of difficulty make war upon this expenditure for the civil services, and reduce th 4 items of expenditure for these three, sources, we are really reeking war on the civilisation-of England—we are really making war on that prorress which everybody is so fond of appealing to, and which every one is so ready to assist. (Hear, hear.) And therefore I hold that although these civil service estimates may be prepared with care and re vised with strictness, this is not the source from which we can obtain that relief and those ways and means for which the country languishes. Now, sir, let us approach the great sources of expenditure in this country. They are enor mously increased. (Hear.) If we were to follow the advice of some, even of many in this house and the country, they would be still further increased to a very great extent. (Hear.) Great as is the expenditure, we are still told that the defences of this country are most imperfect. (Hear.) Vast as have been our preparations, we are still told that the honour of England is not safe, and that it becomes us to make still further exertions—that our fleet ought to be increased—(" hear, hear," from Sir C. Napier, and a laugh)—that our army ought to be increased—and that other means should be taken for rendering the position of this country more powerful and satisfactory. Well, then, what are the ways and means that you have to encounter ? You have great difficulty in meeting the burdens that it is necessary to bear. How, then, are you to encounter the future prospect that is so frequently held out, of a further expenditure for armaments and defences ? Now, sir, I have once or twice endeavoured to impress this house th 4 when you come to public expenditure on a great scale, expenditure depends upon policy, and when those who sit in this house dilate upon the expenditure of this coun try, deplore the waste of our resources, and then call upon the Minister to reduce that expenditure, and administer with more ability the ways and means placed in his hands, when we do this we are in fact doing nothing. The minis ter only maintains that expenditure which upon the whole thef policy of the country demands, and you are resposible tor, the policy of the country at this moment. (Hear, hear.) What is our present policy? What is our future policy? There are two points of your policy that you must not ne glect if you are sincere in your determination that this country shall not be involved in difficulties far more perplexing, and froin which it will require the greatestest sacn flees to extricate her. There are two points of policy pressing upon us at this moment which it becomes the duty of the Houses of Par liainent to consider fully, and respecting ,which they must require from those responsible for the administration of affiiirs the most precise views and the most accurate know ledge. A little while ago—not more than two months ago —European war seemed impending ; a most sanguinary struggle in one European country had commenced. It had now terminated, and in a manner most unexpected, and oven at this moment the house had scarcely recovered from the surprise with which it received the news that a struggle which many expected to last for years had suddenly been brought to a close. Now, he took no part in the transactions that led to the com mencement of that war. It was the policy of the late Go vernment under those circumstances to maintain a strict and impartial neutrality. It was misrepresented for a time, but the country has already, I believe, done us jus tice in that respect. (Hear, hear.) Although from some speeches which were delivered from their (the Opposition) side in the last debate, when I addressed the house from the Government benches, it might have been supposed that our successors were on the eve of adopting a- _policy of a very different cha ra cter, although it appeared as if a policy of a wholly different character must ensue front a change of Government, yet I have the satisfaction of knowing that no sooner had the new Government taken their seats than they announced their intention to follow in the footsteps of their predecessors upon foreign affairs. (Hear.) That was a very satisfactory statement, but events have occurred of se much importance and with such rapi dity as to add immensely to the value of that statement. There is an armistice that produces a peace, which. is wel comed by every one, not only on account of the interest iy-hs still i more h allfeelininterthesetirneg to restoration of e, but what I, think not at all mixed up with the commencementhoefeatnahee we were nor are we in any way responsible for its conclusion. Now, we hear there is a prospect of a Congress or a Conference, but that Congress or Conference is to be attended by the at tends such Congress or Conference it ceases to be neu tral — neutral Powers. The moment either of thes e Powers (hear, hear)—and not only ceases to be neutral, but beoaeniares responsible for the past as well as for the future. ( 11 9 hear.) at make. Th e Emperornocriticis o mu f p t o h n e tFherepneeahcowtaahadt ehnaseuhbeeee; arrived t n a ew fe d w en m eun ont ee h d s b a e r aus b e ec h a e u w se ill h m e ak w e ou pe ld aee m . ak ß e ut w l ar et u ; s h l e oo l k s at the position of England with reference to the startling transaction at Villafranca. There are two things. First of all, we have peace. lam not at all disposed to treat that peace with the contemptuousness whichsome persons already exhibit. I believe peace to be a great blessing , that there is no country in the world that benefits more by peace than country E ha u t ro i p s England, but I believe that, materially speaking, p eace was more necessary to every great result by it, commerce and stinau lt a h t a e t d i t t h h a e e s e a t gr han eat i b t le w s a si s n to England. (Hear.) We have gamed this g. ic considerations Then, as to the political and diplomat n g e i rgie n s o an f ou im r pu t z s e al t o s in our That con nected with this peace, what do I see ? I fi n d that not only we have a peace, but we have a Petite concluded without disturbing that political equilibritun which England has always declared to be her main object. Is that slight m atter to us? I say, viewing a g the startling events that have occurred in Italy from an English point of view, that both because they give us peace andthat respects becausepeace the balance of power, to maintain which we have in other times lavished millionslives, of treasure and hundreds of thou sandss, and therefore, as Englishmen, we ought to look upon that transaction with great satisfaction. All the fruits of recent events which are satisfactory we benefit of. For those results which may not b e enjoy the we are not atallWill responsible. e satisfactory you, then, thrust your selves • into a business with which you have no connection —(hear)—in relation to which you stand in a satisfactory position ; and will you thrust yourselves into it from mere motives of public vanity, that you may say England has a hand in the settlement of the affairs of the world. (Hear.) Some of those settlementsriselike exhalations and disappear like exhalations. Will you quit the vantage ground you now occupy, and for such mean and vain objects P Will you ' thrust yourself into Congresses or Conferences, where you may enter into engagements which will result in confusion, and will involve us in proceedings that must prove mos injurious to our resources, and from which we can only reap disorder and ruin. (Hear, hear.) In 1816, when we had the Congress of Vienna, England could not refuse to send a representative to that great Assembly. She had taken too great a part, had been too active a Pert,' fora series of years, to allow her to shrink from the responsibi lity of her own conduct. But what wer e the engagement s t r, that we entered into at the Coneress of Vienna? We there - entered into engagements whiclino British Minister of him if it had self would over have contempl ated, and wh.ch d to attachbe indignant his signature to, would have led an a him from it House of Commons to prevent of Vienna we have attending august assembly. By the Treaty ss , guaran a.was by an ac teed the Saxon provinces of Pru It . representation of urgent interests at that dent, by the that England was entrapped, I• may say into Congress one of the most solemn andunqualified covenants this country ever entered into. We are told now that the next` war is to be against Prussia. How, then, shall we stand in the case of war between Prussia and a great Power with this article of guarantee entered into by the Treaty of Vienna P If we now send a Minister to the Con gress or Conference—l don't care whether it meets at ZUrich or at Paris—what will you send him to do ? To do nothing, which would be only the symbol of our insignificance ; or to miter into engagements Which must involve us in increased