The Sun. — London, England, 1858-02-19 00:00:00

• - ir 11 E SUN , LONDON, s LINES LEASED AT FIXED RENTALS. . 4.-- ri l l ONEY MARKETI SHARE MARZET3—(This Day). Shr. Paid llerimiis. ie L e it n i L Cl " th n i g s d P a y rices B th uai ts 'ray I 1011101 - ...k.,ID RAILWAYS. ' l , - Ot/ - (Ift'WET?C.ITAL INTELLIGENCF. i 'rosin is a Pric • nabnas done .-- --- I—. _ to 0 . f 31:m , p a id.i ,LILWAX ' this day. this AN' tit. 100 Buckghamsh. FLn.&N. W. 98 - 100 98 i —......-__ St. 100 Clydesdale ie.; Cale don ... 100 - 102 me CITY , T wo o 'C LocK. _____,_........... --- ! . Nottng. Bost. 25 all Col.Stour Vy.IE.U.&E.O 13 -15 12i 10, A . mb„ 1 011 12i the last few days the Foreign and Colo- & Eastn. June . 5/ - 6 51 6 St. 100 &Lin. g. opa Gt.Northn 138 - 140 . 5 all 'E. Un. 11. Sh. E. Count. 4 - 4t tge 50 all Belfast & Ballymen. , 84 - 84 pia' Produce Markets have been rather firmer. St. 100 Glas, Barr, & Caldonian. dr. 133 all Irmng. Wolvorh. 4 ; Neils. Direct. Dr. A moderate amount cf business has been done for Stour Valley .. 72 -73 St. 100 Do. New Do rho home consumption in most of the principal articles. 25 all Glstr.&Dn.Fr. Gt. Westn ... - ... St, 100 Birkenhd. Lancsb. 49 Cheshire Junct 50 all Hull (SE Selby. Ir. & N.M. 110 - 111 n i c Tea has slightly declined, but coffee of the better 95 all Blackburn - 9i 9; 2 1 the description have advanced about is. per cwt., more • ,5 all Blyth k Tyne orio;inal 25 all Do. 1 Shares. Do 121 all Do..} Share. Do - ••• :_.,.. £25 (iss. at £45)... ... - ... particularly some parcels of the new crop of Plan- 12/ all Lon.diGreenw S. Eastern. 121 - 13 St. :100 Bristol & Exeter__ 95 - 96 24 - 25 tion Ceylon. Wrst India sugar of the better st.!100 cafedonian. 961 - 973 97 4 20 all Do. Preference Do St. 100 Lon. TH., &S. Poto &Co 97 - 99 98A qualities has been fi rm , ow i ng t o th e ra th er sma ll St. 1.00 ,Chesteret Holyhead 38 •-• 40 38 Cork, Black. & Pass. .. - ... •- •• 10 10 Do. Bark. Sh, o a ll • 50 1 all Cork and Bandon.... _ - ... 53 all atl &N.W. Manch.Bxton.ock & Midld. 2 - 2 23 supply. Stocks of for e i gn , h owever , b e ing 20 1 ... and M 3 / rather large a slight decline may b e reported in the 20 1 all C ornwa ll 4 - 5 43 I St, 100 Mdld. Brad fd. idland_ 98 - 103 10 , all Do A common qualities. Rum has been exceedingly 10 I all ' Do. B - ••• 64 54 Newmarket BuryE.G.spc. E. Count. 4 - bp on- firm, at advanced quotations, and cocoa has met 50 all I:llublin&BelfastJunc ••• - ... 50 all N.&Est.s p.c. iDo 56 - 58 tO 25 ' all Dun. P. &Aber. June. 8 - 9 84 a fair currency, at fully late rates. Rice remains6o all Do. 6 per ct.. Do ... - ... but sq. 1 100 East Anolian 183 - 191 50 all Do.Fixedsp.c Do . • - •.• dull, as also saltpetre and cochineal. There is not St. 'lOO !Eastern - Counties ..... 63 - 64 - 63/ 33 4 3 k au. Op much doing in foreign and colonial wool, but the St. 1.00 rEasternUnion,A.stk. 49 - 51 50a 1 2 1 0 2 5 i a ai ll l , St. 'lOO 'Do do. B - 35 34 St. 100 !Roystn.&llit. t.Northn 138 - 140 11 7 0 e . st i . s & h W rs yi .. ; D L. o & A. W. ..: -__ ::: el, public sales of this article are announced for the __ , _., B. 25 18h 'Do. New A ••• - ..• all iShrews.& Her T. Brassey 8 - 8t ng. 25th instant, when about 2'2,800 bales will 25 f all East Kent - 17 12 all I S. Staffordsh.. AI, Mclean 103 - 11 Ind be cffered. for public competition, the greater St. 100 East Lancashire - .., as 20 all East Suffolk ....... k ••• -'" 25 iAn !Do Do, ,3- 33 portion of which is from the Cape of Good Hope. t est all Do. 10 1 - - ••• St. 100 iWilts&SomrstlGt.Westn.; 91 -931 91 2 r i9 Prices, it is generally expected, will r u l e a s h a d e St. l luo ,Edinburgh&Glasgols 683 69 3 .................-.......n. lc- higher than those current at the close of the last 0 all lEdinb. and P ee bl es ••• - ••• PREFERENCE SHARES. t. 100 Edinb Prth &Duncle, 2SI -3) 29 E ;, sales in December. For tallow there has been a 0 all Forth; ndthydeJuno. ... - ... 25 all I Bly-th and Tyne 10 p.l ,get I c.pref.(issd.at 501.)i ... - . Coe St. 100 ,Furness - ... - very limited inquiry, and the market is dull. St. 100 ~ 1 3ris.&Ex.4 p.c. St.' 90 -95 tild P.Y.O nn fh a or,-,4- .....-..4 4",-,- TT- Li 1: St. 100 iGlasgow &S. Western 94 - 96 description have advanced about Is. per cwt., more particularly some parcels of the new crop of Plan tion Ceylon. West India sugar of the better qualities has been firm, owing to the rather small supply. Stocks of foreign, however, being rather large a slight decline may be reported in the common qualities. Rum has been exceedingly firm, at advanced quotations, and cocoa has met a fair currency, at fully late rates. Rice remains dull, as also saltpetre and cochineal. There is not much doing in foreign and colonial wool, but the public sales of this article are announced for the 25th instant, when about 2'2,800 bales will be cffered for public competition, the greater portion of which is from the Cape of Good Hope. Prices, it is generally expected, will rule a shade higher than those current at the close of the last sales i❑ December. For tallow there has been a very limited inquiry, and the market is dull. P. Y. C. on the spot, and for March delivery, is now quored 535. ; April to June, 535. ; and for last three months, 51s. 6d. per cwt. Letters from Liverpool mention that the cotton market yesterday closed steadily, and prices of all descriptions advanced. The sales amounted to 7,000 bales, 1,000 of which were taken by the speculators. The Railway Share Market manifested a very quiet appearance and quotations were un altered. all Blyth and Tyne 10 p. c.pref. (issd.at 5010 100 'pls.& Ex. 4 p.c. St. 7 o. 4 per c. Shares 'lOO p Caledn. £lO 4i p. C. 100 I Ches. & Ho. 5 . p.c. 100 IDo. do. 5 por cent all I Cork&Bandonsip.e. all 'Dun.Perth.&Aber.J. 100 E. Anglian Cls. A Sh. 100 Do. do. Cls. B 6p. c. 100 Do. do. Cls. C7p. c. 1 100 Eas.Co.Ex,sp.cNo.l 100 Do. No. 2 100 Do. New 6 pr. c. St all East Un., G. 6 p. c. all IDo. 51., 10 per cent. all 'Do. 10/. Debentr.Sh. all !Do. do. 4 per cont 00 lEast Laucash.6 p.cts all IE.&W. York. J. sths 9 lEdin. & Gl. sp. c. Sh. 100 iEd.Prth.&Dun.4p.c. 100 inumess, 5 p, c ..... ' 100 'Glas. & 5.W.G.5 p.c 100 Great Northn. 5 p.c 100 Do. 5 p. c. Redeem at 10 p. c. prem..., ,100 !Do. 4i per cent I 60 IDo . 5 p.c., Red. at 5 p. c. prom. 1 all ,Gt.N.oiScot.lstPre 18 Gt. S di W. (Ireland) 18 ;Do. 4 per c. Pref. St. 6 , Gt W.(B.&H.Ex.spe 100 IDo. con. red. 4i p.c. 100 Do, con. rod. 4p. c. 100 Do, irred. 4 per lent. 100 Do. 5 p. c, red. prof. all Do. Birm. Pref. Sh all De. ChesterBp.c.P.S all Do. do. 5 p. c. do. • 100 Do. Birm , Gua. Stk. all Do. Chesh, Gna. Sh, all Do. do. do al Do. do. do_ Glasgow & S. Western, Great N. of Scotland ;Great Northern IDo., A. Stock !Do., B. Stock IGt. Sth.&West.(lre). 94 96 9/ 10 107 - 103 93 •- 95 131 133 104 108 81i 12 61 63 102 - 10 A. 111 4 t. St. 1.1 St. 11 St. ,t( 1071 8 94 104 G2i 6 -6, !GreatWestern. Do. Str.V.R gua. st Xll !Irish South-Eastern. Lancaster & Carlisle. 4 1 Do., Thir.ts. ...... ;Do. New Thirds r fianeash. &Yorkehir , 6 ' In,, do F £l6 ... Do., Wet. Riding fl'n Do. '•outhpert. London & Black. wal' Lond.Bright. & S. Cs t. ILondon & N. Waster Do. Fifths 11 D0.,16/.311.,111&13...0 Do. Eighths London & &Western Landrry.&Coleraine Lndndrry. & Ennisk. Manch. Shef. &Lincln. Metropolitan Do. J. L. Ricardo's arrangement Midland St. St. St. St. 108 - 112 110 - 114 115 - 120 115 - 120 130 - 135 85 - 88 10 12 p 10 12 ; 95-, 96 i 4 d 96 51 i A report has been issued by the English and .Avstralian Copper Company, stating that since the anevting in August last the assets have increased to the extent of 9,0001., and a dividend of 2s. 3d. per Shure is recommended free of income tax. The steatncr Colombo, for India and China, will tale out the following remittances, chiefly in ,ilvcr. Ceylon (gold) £3 000 Madras (gold) Calcutta (silver) Penang (river) Singapore (sliver) 1,250 Rung Kor.g (silver) 77,348 20 220 Shanghai (lilt or) 6 ei 108 109 402 102 1081 8 / 1024 4 Ii Fe i I d 99 100 119 - i2l os '.... ... 4o i : ii 113 - 116 105 - 107 64 -- €6 loi 11 100 - 1.00; 72 -74 J 1001 i 1 724 3 21 'Do. Binning. dr Derb . Midland G. WeFt.(Tr. Do. !, :,hares New Castle &Carl isle Newpt.is berg.dalrfd Newry dt Ennisskillor 'Newry, Warrenpoint dg Rostrevor . Northn. Counties Un North British North Devon, Rail. di Dock Stock Do., A Stock ......... Do., B Stock N. Eastern -- Berwick Do. do. Extension Do do. G.N.E.Purch. Do. Leeds Do. York North London N. & S. Wstn., Ilamp stead, and City Jn North Staffordshire North Western N. dr S. Wertrn. June Oxford Worcester dz Wolverhampton Portsmouth Rhymney Scottish Central Scf)t. N.E.Abrdn. St. ..Shropshire Union ... ;Sitingbourne &Sheer. 'South Devon 'South Eastern ..... . Do. , q per c. Shares South Wales S. Yorksh. Riv,irDun, Do. ". . 5i -- "6 92 -- 94 86 -- 88 87 -- 89 99 -- 101 101 -- tsi 16 -- 17 to -10 A 74 -- 76 19 -- 20 91 -- 10 14 -- 15 38 140 Total X217,4ti8 Abort 20,0001. in gold was taken into th© Bank fi : ii 13 i i 1 of England yesterday. Monetary affairs in Paris continue to present an imaproving appearance, and the increased facilities Afordad the commercial communitywill, it is hoped, soon produce some revival in trade. The Bank of Franca has made a further reduction in the mini- Wan, via., to 4 per cent. There was a meeting of the Newport, Abergs 'tastily, to., Railway Company to-day, at which a report was road showing the gross receipts of the half-year to b 28,1401., and the net balance, 15,4181. bz. 5d., from which is to be paid the guaranteed interest and debenture debt, leaving , 86431. to be carried forward 1 65 - 68 - 53i - 54 IWO Lauds York. 6 pc. St. 100 Lon. &B. G. 5 pc. No. 1 100 D0.,P.,5p.c.5t.N0.2 100 Do. New Guar. 6p.e. 100 Do. do. sp. c., No. 4 100 Lon. & Cov. & Nuneaton 5 r. ct 100 Lon. & S.W. 7 perct late 3d Shares all Londy.& Color. a Sit all Londy.&Ennis. Sh 100 M., S.,&L. 6p. Cent 4a Do. do. do. £6 100 Do. do. 31 per cont. all Marypt. Carl. 4 P.C. all Do. 4 , per cent 08i - 99 ld par 52 63 83,i —84 i 95 97 ,• --' ... 14 -.. ... .60 - 165 34- - 3 - O o - i • .... •ta• --- The market for English Securities continues buoyant, and a limited business has been transacted at an advance of to per cent. A large pur shase for investment has been mark of the New 3 per Cents., which, together with the reduc tion iB. the Bank of France rate of discount, kaa imparted increased firmness to the market. Commis for money and the 4th proximo have been 9 74 it, and they are now 97i The New Three Per Cen4d. have risen to 97i 98,1, and the Reduced ni 98. Exchequer Bills are flat, and the 5007, leasirities are marked 30s. to 355. prem. The tondo are 1001, and India ditto, 30s. to 325. ?rm. Bank Stock is 226 to 227. 121 - 123 i - 66 -70 i 33 34 9 5 d 4. ••• Ao ".... ... 109 - 111 - 281 49 - 51 - 2i 37 - 39 75,1 -76 i 104 Do. 6. 100 31id.Consol.6p.c. St. 100 Do.Con.Br.Bir.6p.c. 1.0() Do. 42 p. c. Pref. St. 400 Do. L. &H. Pref. St. all New., Aber., &c., pr. 5 p. c. red. 5 p.c. pm. all Do. Perpet. 6 pr. ct. all Norf k. D ch. 4p. c . Sh. 100 Do. sp. C. Ext. 1846 100 Do. 5i p.c. pf , 1847 1 100 Do.Wv.V.sp. ~1847 1100 North British - 139 - 104 - 95 831 84 13 15 7 5 d 9 11 38 39 :: a ... ••• Staines,Wok. &Wok.l Stockton & Do. do., 1854 Do. do., 1355 Stockton & Hartlepl !Taff Vale Do. Pref., No. Thames Hay. D. &R. Val; of Neath... Waterfd. & Kilkenny, Waterford&Limeriekl %Vest Col iWest End of London and Crystal Palace , Do. A '' Do, B West London Do. First Class Do. Second Class Wmbledon &Croydon IBS - 3,4 1 1 D. o. 71. Preference., 00 NT. E. Borw. 4p. c. Prf. 8 2 Do. do. do 98 100 i— i d Ia Foreign Securities a rather limited business been transacted, but prices are steady. Turkish 6 per. Cents. are 102 i to 103, and the 4 )4 ' Cents., 1044 1. Portuguese 3 per Cents. have Iveacb-d to 46 ; Russian 44 per Cents., 99,f ; and a part 5 per Cents. to 103. Spanish 5 per Cents are 444 ; ditto Deferred, 26k ; Mexican 3 per Cents., 20i ; Peruvian 4i per Cents., 83 ; ditto 3 per Cents., 51i Venezuela 41 per Cents., 34i ; Ltd Dutch 24 per Cents., 66. Tt.e following are the nominsl prices of Foreign StoLks:—Gren.da Deferred Bonds, 51- 6 ; Mexican, 104 ; 4i per Cents., 82i 83i ; ditto 3 per Cents., 564 574 ; Russian 5 per Cents., 111 113; ditto 4i per Cents., 99 101; Spanish 3 per 441 454 ; ditto New Deferred, 26i limas. D. 11.'11, Soo, and Co., gi:ire the follow es the prices of American Securities : 13 ID°. Leeds 6 pe. No.l _9 ID°. do.Qrs., 1843... 100 - 103 10 IDo. York H.& S. Pur. all ( North Staffordshire 1100 Ox., Wor. & Wolv. 6 1 p.c., Ist guar. :100 Do. 6p. c. 2d guar 100 Do. do. Debeatr. St all Scot. Cent. New Pref 1100 I Sc.N. E. AWr.g. 6p. c 100 Do. do. 7 p.c. pf. St ' 1100 Do. d 0.3 p.c. pf. St all South Devon - - 23 120 - 122 107 - 109 1 97 - 99 8 - 9 - 3 i 6j - 61 119 -- 121 103 -- 112 71 -- 73 10k -10 i, all Do. fixed 4i pr cent. all S. Eastern (Reading 1 Ann.) of £1 Os. 6d. 100 Do. 44 per cent 100 Do. Fixed 4i p.c. Sh [!ig f C s l 1.1.00 102 'lOO Do. Now 4l pr. cent 1100 S. Wales Gua. 4 p. c. 100 (Do. do. 4i p. c all tS.Yorksh.4p.c.Guar all stock. &Dar., sp. c 1 19 , Do, do. do. in io 100 ' l WAterfd&Kilk. 6 pc. cOVEINMENT SECURITIES. Redeemae. ri alteil Stat es 6 per C en t s. 1867-1868... bl Per 101 103 1 . "lilted Stages Ow Cent. Bonds 1868...101 103 sTATE SECURITIES. 4Leatne 5 per Cent ... 78 6 per Cent. Bonds 1863-1872... 91 93 Maryland 5 per Cent. (Sterling Bonds)... ... 88 90 ka ssachuseits 5 per Cont. (Sterl. Bonds). ...101 103 hississippi 6 per Cent. Pl. Bk. tr . Bonds lB4l-1871... 40 42 g l onilippi 5 per C en t. U n i on Bk Bonds ... 20 2 penneylvania 5 per Cent. Stock ,: 1211 sylvani a 5 par Cent. Bonds 1 877... 81i 8215 4.nnessee 6 per Cent. Bonds 6 per Cent. Bonds 1886... 83 85 V irginia 5 per Cent. (Sterling Bonds) 1888... 82 84 LOANS OF CITIES. ...110lion 4i per Cent. B on d s 1883... 88 90 s_mantreal 6 per Ce n t. B on d s 18 56-1865... Orleans 6 per Cent. Stook 1883... AILROAD BONDS. Illinois Ce n t ra l 7 per Cent. let Mortgage, not ( ;onvertible 1875... 86 67 I llinois Central 6 per Cent 1875... 85 87 Illinois Central 7 per Cent. Freeland Bond s 1860... 85 87 Oimtral (Shares), $3O paid ... 6 d 4 d *i s higun Central B p . C ent., Convert 1860... Do. do. d o. 1869... 90 92 rim Y ork Central 7p. Cent., Convert 1864... 92 94 In the Railway Share Market this morning the transactions have been unimportant, and the varia tions in prices have not exceeded about Ito per cost. A few of the leading lines were dealt in. Rave/11 Counties, Brighton, Noah Western, Mid land, Scottish, North Eastern, advanced 55., and Norfolk, 10s. ; Caledonians, and Lancashire and 'Yorkshire declined 5e., and North-Eastern, Leeds, and Stockton and Darlington, 10s. The Foreign and Colonial Linea are very inactive, East India key* improved 10s. ; (heat Indian Peninsula, ss. ; and Lai.tern Bengali realise 1 prem. ; Grand Trunk of Canada and Great Western of Canada are at previous rates. In Mines, Banks, and Miscellaneous Shares aoarcaly any business was done, Uaion of Ansi ralia improTed about Ms., and EAstern Steam Naviga tion, 50. ; Canada Laud Shares declined about 5 per cent. BRITISH FUNDS. —CLOSING PRICES —THIS DA Y. (From the Official Lust:) Business done. 'tank Rock 225i 7 rtsdnoed ilutiltl.e 3. per t•f.. 1.% SOU. ißr W.)tieb .- per Cent. Annuities .. 971 8A , I )4dia Stock India Bondi £lOOO .......... ........„ qt.), under Moot, 2 , 31 OJLSOIa tkee L n uit -<•• ‘voin, 2 4 d £lOOO ........... . ........ P •• ..... . Exchequer Ronde. i 4 sii .. b '.i Per * Cent 3-5 30 37 P 1 ,,,4 li MO, 1850 ............ .............. lOO k • PRICES OF FOREIGN FUNDS—THIS DAY. Braunen i, per Cent. ............... hyenas Ayres Bonds, 6 per Cont. 3 8 9 21 I Ditto Deferred, 3 per Cent. . .... lO arena& New Active, 21 per Cent...,,,,,, 24 19 Ditto Deferred... 6l Ileziean 3 per Cent... Date Account 2O/ Peruvian Bonds, 4t per Cont Ditto Account .... Ditto 3 per Cent s7i 11°I tugliese Bonds, b' per Cent, Con. 1841 Ditto 1803, „per Cent... Russia 6 Bonds, 1522, t St., 6 per Cent ll2l 8 Ditto, 4i p er C ent. O9/ - " -- ' ll 0 . , 6 6 per &Ant. D Ato &ecomat, ):tto New Deferred, 3 per Cent. II ),tto Account 264 'X Ark .141 '-ionds, 6 per cent D itto Account 'Witt° Guaranteed, 4 per Cent. 1 ,id Ditto Account , 104,1 If.mezneie. Bonds ' 3 ,;Ditto A ccount , 44 per Cent 34 „:: Let (h, , o,ove payab!e in London. Fr ,ue n itentes ' , " 4; per Cent. Ditto _ll 3 per Cent. 69f. 75c. -tmkfold La, iti.i,t, z. . per C0n..., 12 Gunners 66 il tEE O'ClLti a. co/Isola mane . ... 1 t 97 $ Console, account gl a ei c -1 1 - 4. ........ ..' ~ V 73 i THE SHY, LONDON, FRIDAY EVENING, FEBRUARY 19, 1858 IMPERIAL PARLIAMENT. HOUSE OF LORDS.—(YEsrERDA.Y.) The LORD CHANCELLOR took his seat at 5 o'clock. NEW PEER. The Earl of FIFE took the oaths and his seat as a peer of the United Kingdom. The Earl of HARDWICKE presented a petition from Manchester, praying for a change in the Government of India. Earl DIXIE presented a petition from Woodchester, in the county of Gloucester, praying for i❑creased facilities for the extension of the Christian religion in India. THE INDIAN LOAN. Lord MONTEAGLE said that as a bill for raising a loan for Indian purposes was about to be introduced, he thought it would be desirable that certain returns connected with the expenditure of a number of the Indian Presidencies for the last ten years should ba in. eluded. The returns were ordered. Earl GREY presented a petition from Newcastle upon-Tyne, praying that in any now arrangement in Indian affairs, no encouragement might be given to idolatry. The Earl of CARNARVON rose to move for a return of the establishment of militia regiments now embodied, and their actual strength on the Ist Jan. The noble earl said he found by a return lately printed by order of the House of Commons that 150,0001. was asked for the embod •d militia. Estimating the cost at 30/. per man, that sum would only secure the services of 5,000 men. Now considering that we were involved in a very serious war, he thought that number would be totally insuffi cient to meet the emergency. Lord PANMURE said there could be no objection to the returns asked for. In reply to the noble lord, he said the Government had fully considered the estimates, and had in their opinion proposed a sufficient land force, namely, 130,0001. for the present year. He had only taken a vote of 150,000/. for the embodied militia, because recruits were flocking in, and he was encouraged in the hope that the sum would secure the services of 10,000 men, which would be amply sufficient for the present year. He was happy to inform the house that recruiting was going on most favourably. (Hear, bear.) Since the let of January no less than 8,500 recruits had entered the army, and during the last week the number of recruits that had enlisted amounted to 2,059. The state of affairs in India were now so favour able that i❑ the opinion of eminent military authorities there would be no necessity for sending out further reinforcements to India. But when the hot and rainy season commenced there would be great mortality which would have to be met. It was not yet determined whether the troops that would in that event have to be sent month by month, that would of course depend on the emergency. To obviate the danger to the troops travelling in the unhealthy season, it was proposed that they should be sent to the island of C.,ylon, and there await orders to proceed, which they would do in perfect health. The Earl of HARD WICKE thought it the duty of the Government to be prepared for any emergency by having at home a sufficient number of trained men for any contingency. Earl GREY thought it highly incorrect to discuss important questions in an incidental manner. He thought it absolutely necessary that a second battalion of every regiment in India ought to be kept in this country, from which it could be recruited. That was the only way in which the losses could be met. After a few words from the Earl of ELLEN BOROUGH, the motion was agreed to. BANKRUPTCY AND INSOLVENCY REFORM. Lord BROUGHAM said, he rose to lay on the table a Bill for amending the distribution of the Courts of Bankruptcy and Insolvency, and for effecting great and important improvements in the law of bankruptcy and insolvency. The bill that stood on the paper in his name for a second reading to-morrow was a partial mea sure, relating to imprisonment for debt, but which, if no further improvement were effected in that respect, would be a great improvement of the lacy. But the hi 1 the nature of which he was now about to state went to the root of the evil as it existed at the present time, and which had been oolong and generally admitted. During the last autumn a great Congress was held at Birming ham of the Association for Promoting Social Reform and Social Peegress, in which there were different depart. ments, at the head of one of which was his noble friend Lord John Russell. The department over which his noble friend so ably and usefully presided was that to which were referred matters connected wit% the juris prudence of the country, to which his noble friend had before given great attention, and it was clear from the manner in which he performed the duties of his office that he had not thrown away his time in bestowing that attention upon it, but that he had great knowledge of the subject, and entertained sound and judicious views in reference to it. It was on the suggestion of his noble friend that a committee was appointed, after a length ened discussion, for the purpose of examining the whole subject of the bankruptcy and ircolveney laws, for there was no one thing more manifest throughout that discus sion than the universal and deep interest which the state of those laws excited among the whole mercan tile community. That there was nothing which so much occupied their attention as the state of these lase was evident from the various plans that were proposed by various interests,—some of them in the in terest of the debtor, others in that of the creditor, and others, again, iu that of the trading part of the commu nity. The variety and in some respects the opposition of those proposals were as remarkable as the interest whinh all of them excited among their several supporters. He (Lord Brougham) would take leave to repeat what he had said on a former occasion in reference to the great mercantile law conference which was held about 16 months ago, that when they saw the whole mercantile community coming before them with, complaints of grievance under which they were suffering, and of the state of the law which led to that suffering, though there might he great contrariety of opinion among themselves which rendered them le,s deserving of being implicitly relied on, yet, if they were agreed as to the existence of the subs' antial nature of the grievance, their authority was supreme and without appeal, because they were the parties for whom and to protect whose interests, the law existed. Therefore, it was that he urged the universality of the complaints of the present state of the bankrupt and insolvent laws upon their lordships' attention as demonstrating that there wee ground for those complaints, although their lordships might notagree with the complain ants in adopting the remedies which they thought neces sary. As president of the Mercantile Law Conference to which he had alluded he turned his attention to this subject, which, however, was one that he had more than once before brought under their lordehips' notice, and for which he had sought to apply a remedy. But since the discussion which took place at that conference he had certainly made material changes in the measures which tie propounded in 1349 and 1852, and the bill be was about to lay on the table was the result of that fur ther consideration and further experience of the system. He would fain hope, when the evils complained of and the remedies he sought to apply to them were taken into consideration, that this measure would be held by their lordships as likely to be effectual in affording the requisite protection. The first great evil complained of was the expense of the Court of Bankruptcy. His noble and learned friend (the Lord Chancellor) knew that the ground of that complaint was the large amount of fees exacted from the suitors, to their extreme vexation. For example, those suitors considered it an intolerable griev ance that in this year cf 1858 they were compelled to pay large sums of money as compensation to officers who had ceased to exist as officers of the court for a quarter of a century. Thry were paying no less than from 24,000/. to 25,000/ a-year to theme most learned and respectable gentlemen whose official existence he was the means of terminating by the Act of 1831 and 1832, when the new system was substituted for the Septuagint, as the 70 commissioners then in existence were called. There were other expenses which came out of the pockets of the creditors, c nastituting in the aggregate a great ground of compleiat. Besides, there was another seri ous grievance. The C our t o f Bankruptcy in London exercised jurisdiction over upwards of 3,000,000 of her Majesty's subjects ; but there were 29 counties in England in which there was no Court of Bankruptcy at all, and of those 29 counties some were far distant from the Central Court, and yet the inhabitants of them must come there to transact their business. Of those 29 important counties, omitting Middlesex, Surrey, Kent, Essex, &c o in the immediate neighbourhood of the me tropolis, there were seven countries with a population of more than 1 800,000, besides four other counties and parts of Wiltshire and Dursetebire, containing a total population of more than 2,000,000, the inhabitants of which had to conduct their bankruptcy business in Lon. don, there being no local tribunal for that purpose. This was the case now after the principle of local bankruptcy tribunals had been adopted by the act of his noble and learned friend Lord Lyndhurst. Of the places the inha bitants of which had to come to London to transact their bankruptcy affairs ho would mention four important towns—Norwich, distant 103 miles ; Great Yarmouth, 124 miles ; Seutbampton, 77 miles ; and Brighton, 58 miles. A great complaint was now made of the inequality of the business in the district courts. In some of the bankruptcy courts the judges were overworked, while in other courts the judges were underworked. The learned judge of the County Court at Liverpool had far more work than any man ought to be asked to de, but the two bankruptcy commissionters of Liverpool were, as he was informed, exceedingly under worked, and had much time upon their hauls, which could be applied most usefully to the public service. He should propose in that case to make the two bankruptcy commissioners and the County Court judge of Liverpool form one court, and to transfer to the County Court, of which they should be judges, the bankruptcy jurisdiction now possessed by two of them alone. He also proposed to apply th e principle generally, and to localese was bank ruptcy just as insolvency was now localised. That ed to the main foundation of the bill which h"" l P tolld be introduce—that the bankruptcy jurisdictio h n er e with the transferred to the County Courts, to whole staff of officials now engaged in t s h g t :3 B :ttrict bank ruptcy courts. The bill also gave parties the central court before the district judge or to apply in London as might be most convenient or expedient, w hich would depend w h e ther most of the creditors resided in London or e in s :the nei , hbourhood of the bank rupt's place of buro The hill alto gave the hank ruptcy commissioners power to imprison for d e bt s ineurried by fraud or misconduct. It was most unfortu nate tj they had d pooses, e o : that pwcr, as t he inso!vone,, ueuintisoioueru had long done. In the hands of the latter it had been found to be ineffectual as a security to the public, as far as that security was to be obtained by puniebruent of the wrong-doing debtor. He had already stated to their lordehips the remarkable facts that not above one-eleventh of those who were now imprisoned for debt, and who took the benefit of the Insolvent Act, ought ever to have been in prison at all, and that in seven-tenths of the cases in the Insolvency Court there was no inquiry and no opposition. In many instances ' no doubt, the absence of oppositio n arose from th e disiecliusvion of the creditor who had lost his debt to incur more expense and trouble in performing a public duty. If the bill relating to insolvency which he had introduced should be passed into law the creditor who could now only arrest his debtor, would have the power of summoning him, and of suddenly laying hold of any property he might possess, just as the Bankruptcy Conrt could do at present. He bad added to the bill abolishing the distinction which now existed between the trader and the non trader a clause to the effect that an officer, to be called an official examiner, should be appointed, whose duty it would be to examine en behalf of the creditor—in the event of the latter not choosing to undertake the task of examination—and to sift and scrutinise the case of every trader or non-trader who should be brought before the Court. One of the great defects of our laws —one, however, which had in a great degree, he was happy to say, been removed—was that no adequate punishment had been awarded in those instances in which breaches of trust had been committed. The experience of his noble friend the Lord Chief Justice would, he felt assured, tend to confirm that statement. The manner, too, in which the commissioners acted in the granting of the various classes of certificates was in itself extremely inconsis tent, and he should therefore propose that the power should be vested in the commissioners of either abso lutely granting or refusing a certificate, giving them in the latter case authority to punish by imprisonment. It might be objected to that proposal that the punishment of imprisonment ought not to be inflicted without trial by jury, but his answer to that objection was that the insolvency commissieners had always exercised that power which he proposed to confer upon the judges in bankruptcy, and to a still greater extent. There were also some provisions in the bill in reference to the remu neration of official assignees, bet ween the maximum and minimum amount of whose incomes a very considerable difference existed, that amount being in some instances 5,0001. or 6,0001., while in others it was considerably less. Those provisions would, he trusted, be produc tive of a considerable improvement in the case of that class of officers. There were many persons engaged in trade who were of opinion that a measure of a somewhat wider scope than that which he had submitted to the house should le introduced. Now, so far from proposing his bill as a substitute for any more liberal scheme, he should ask their lordships to regard it sim ply as a natural introduction to a still greater reform. There was a material difference between the measure which he was now introducing and that which he had in a former session laid before their lordships, and he hoped it would be found to embody the experience of late years, and better adapted in many ways to effect the object in view. It was sometimes said in the City to men engaged in trade " Your name is on too many bills," and he was afraid that the same remark would apply to hire. kek. laugh.) In extenuation of the offence, however, and in or.4r that his bills might not be die honoured, he was bound to add that be was pursuing on the present occasion the same course which he had taken on another important question, that relating to the patent law, He had introduced a bill for the amendment of the law on this subject when at the same time it happened to he under the consideration of the Government. The Ministerial measure was afterwards introduced, aed both were referred to a select commit tee, which examined them iu detail, and formed out of them a bill which effected a great improvement in the patent law, and was still in force. Folio aieg that pre cedent, he was new introducing the present bill in the expectation that his noble and learned friend on the woo'sack would shortly propound another, and then both would be fairly and impartially considered by a select committee, and that out of the two measures one might be framed deserving the sanction of the house and of the Legislature. He hoped his noble and learned fribnd would give his careful attention to this subject, in which ca•e he was sure that the cesomercial arid trading interests of the country, as well as the character and the morals of the country. weal? profit ereatly by the result of his labours. He would now conclude by laying the bill on the table. The LORD CHANCELLOR said, it was always a part of the courtesy of that house to allow a bill to be laid on the table and be read a first time without oppo sitior. That was a most useful practice, but his noble and learned friend could hardly expect any discussion to arise with regard to complicated details only now announced for the first time, and of which none of their lordships had any previous knowledge, nor must he be thought guilty of discourtesy if he now made only the most cursory allusion to his noble and learn ed friend's observations. In many of the proposals now submitted to their lordships he entirely concurred. In the first place, he believed it absolute:y necessary to provide some different mode of rsanune:ating the official assignees. At the same time, he thought his noble and learned friend rather overstated the cat,e when he spoke of thesegentlemen sometimes making as much as 5,0001. or 6,00 C/. a-year. The official assignee in the British Bank case certainly did daring the past year make more 6,0001• of clear income. On the other land, he might mention that soon after he took the Great Seal he was beset with applications from official assignees, who complained that they actually made hardly enough to pay the expenses of their office. That was a very grievous state of things, and in communication with soma of these gentlemen he proposed a scheme, appa 'gently very similar to that of his noble an learned friend —namely, that there should be always a maximum sum beyond which their remuneration should not rise, and a minimum sum, below which it should not fall. He agreed ale° very much in the remarks of his noble and learned friend as to the different classes of certificates given in bankruptcy. It certainly was the case that, whereas some commissioners made it a rule to give first-class certificates unless there had been disreputable conduct on the part of the bankrupts, others, on the contrary, always awarded certificates of the lowest class unless some thing very meritorious appeared in the conduct of the bank rupts. Considering the number of these commissioners throughout the country, it was, perhaps, impossible but that there should be discrepancies in their decisions ; still, as things were, the obtaining of a first or third claas certificate was quite a chance, depending entirely upon the commissioner before whom a bankrupt was obliged to go. Any change of system which removed these inconsistencies would be a great improvement. His seble and learned friend, if he collected what had fallen from him aright, thought the district bankruptcy courts should be abolished, and their jurisdiction in the country given to the County Court judges. Now, there appeared to him to he grave difficulties in the way of such a change. Four or five years ago this matter was considered with the greatest attention by Mr. Glyn, Mr. Walpole, and others, both lawyers and non-lawyers, who came to the conclusion that, hawever useful the county court judges might be, and however meritorious in the discharge of their duties, they were eminently ill calculated for the administrative business in bankruptcy. In insolvency cases there was no rush busi ness, but not so in bankruptcy. As his noble and learned friend had lately correctly stated, the charge of proceed ings in bankruptcy was from 33 to 36 per cent. upon the assets realised—an enormous percentage, and one which it must be the great of jsct of legislation to reduce. Stiff, however, upwards of 60 per cent. remained to be distri buted. Now, an ambulatory judge, who came to a town once a month or so for the tr nsaction of business, would experience great difficulty in discloirging that portion of his duties which would consist in investing, securing, and ultimately distributing the sums of money which were from time to time realised. He would not say that the proposal of his noble and learned friend on this sub ject did not point to the best resource which was open to them; but it was not one to which he thought they could look with anything like satisfaction ; and he confessed that, along with the commissioners of 1853, he considered it one which would entail the greatest possible difficulty. There would be delay, there would be the chance of hav ing assets purloined, it would be impossible to keep them together as you could wish, and there would not be that stability and fixity of place which was essential to the administration of a bankrupt estate. His noble and learned friend suggested that the bankruptcy judges should have in certain cases the power of imprisoning. Such a power might perhaps be safely intrusted to the judges who sat in London, where a vigilant public eye watched over their proceedings. Even there it was a matter of great difficulty to allow a number ofjudges not acting in common to imprison those. brought before them at their discretion for any considerable time, more par ticularly when the point to be determined was whether the persons in question had or had not acted honestly and fairly as traders. The opinions which one man formed on such a subject differed so widely from those which would be formed by another man that he should look with great apprehension to the exercise of such a power. [Lord Brougham—" The insolvent judges are intrusted with it."] Yes ; but if such a provision were coupled with an extension of jurisdiction all o v er the kingdom, if all the County Court judges were empowered to imprison e at their discr e ti o n for any considerable length e( m persons whom they might consider to have acted affairs,with out clu h e e caution thought or seriousin improperly p dangererl yin the w o c u o l n d duc t o arise, f He their o b o e o li s e i v d e e d ra t t h io a n t the of b t il h l o wl ß lic o h ar h d ofladoans g completelyunder th e been so w Trade prepared, and would receive the final approval of her Majesty's Government in the course of a few days, and . 6 thatln theor the m e a o t other im eHhoeu worldse of P lg ita without m wo on ul t dbe laid the subject his very best attention, but his noble and d b e e l f a o y r learned friend (Lord Brougham) must not take it for granted that because his name was on the back of ma n y bills the (Lord Chancellor) was prepared to endorse or accept them. (A laugh.) The bills of his noble and learned friend might be very good a n d useful measures, and is Si) he would be happy to give them his cordial support ; but all he could promise was that he would g i ve careful attention to his noble friend's propoei ftiioienoscrs He i would aod s u t e h g e e s t o tthheart relating bill nol l e a t u r d t e e learned e subject which was already before thei;lordships, should', stand for a second reading on the same da Earl POW IS w i shed to remind the neje , and learned lords who were dealing with great incon ven i ence occasioned tuts i the q country o fromf t the distance which creditors and other persons con cerned in bankruptcy proceedings had frequently to travel from their own residences to the district courts. Th e i nhabitants of the large county of Salop, Con populati on o f 250 , 000 , were compelled to gotaining a to Birmingham in cases of bankruptcy, and the larger portion of the inhabitants c f Nerds Vs'ales were oblig e d to resort to the district courts of Liverpool and Chester. It was, therefore, in many cases not worth the while of small tradesmen to incur the expenses of the journey and the other inconveniences consequent upon the prosecution of cases of bankruptcy. The same incon venience was experienced by solicitors and other persons who might be connected with cases of this nature. Bankrupts were sensible of their advantage in this Jou , of 100- 5C i all MI; 14; 16il 15 St. 1100 11 all St. 100 St. 100 10 ! at 5 St. 100 .5 all 25 all St. 100 10 12 10 1 1 St. 'lOO St. 199 50 all 25i ah .00 , ail 25 all 60 , 1 9 20 all 67 99 8 i 524 A 83t 4 14.1 i 33 i 12 764 Si 83; 1021 :iRITISFI PO! lAtian. and St. Law. Bombay, Baroda, and Cen.lnd,guar. 5 p.c. Do. Buffalo dt Lake Hur. Buff., Brut. dt Godch. 4; p.c.lxls., 1 Aug.,'72j Do. do., 1 July, '73 Do, do., 1 June, '74, Calcutta and S. East. Central Oude (Lim.) Ceylon A blares Do. B. do. Demerara . Eastern Bengal 'East Indian Do. C Shares Do.4i p.c.Bnds.,'s7 Do. do. do., '59, do. Geelong (Si Melbourne guar. 5 per cent. Gd. Trunk. of Canada' Do. 6 p. c. Debeu Gt. In, Pen. g. 5 pore :Do. New. guar. 5 p.c IGt Wostn. of Canada' DO. New Do. Bds., payable '571 Do. do., '76, p.'60.... ID°. do., '73, do. 'Do. do '73 without! option Madras, guar. 4 p. c Do. do., 5 per c. Do. 44 p. c. Eaten. Do. 3d Ex., g. sp. c. Do. 4th Ex., do, 'Conde (Limited) Scinde, guar. 5 per c Do . - FOR: ISS ESSIONS. i - i 13 14 188 92 84 88 80 84 par ip = - 1 11 - 113 2 - 20 20 52 54 84 86 211 —22 i, 21 lipl —21 i, par -- ipi 'no 115 1110 - 115 105 - 110 19i - 20 21 - 22 id- lip - lip - lip •e• ...W ••• 1 1, 2 p :IGN. lAntwrp & Rotterdam Ardennes Belgian East. Janet Beziers to Graissessac Carmeaux& Toulouse Coal Mines and Ry Dutch Rhenish Eastern of France Do. New Euphrates Valley Gt. Central of France Groat Luxembourg Italian Junction Lake Const. & Bale Lierre and Turnhout Lomhardo-Venetian Lucca di Pist.sp.c.j Lyons and Geneva Lyons & Mediterran Maria Antrula Do. New Namur & Liege Do. do. 6 p. c. Pref Northern of France NorwegianTrnk. Pref Paris and Lyons Paris and Orleans 9 Recife d; San Fran., (Pernam.) g. 7 P. C. all Row and Froaati al Royal Danish all Royal Swedish all Sambre and Meuse— all Do. 5i per cent. pref all Southern of France all West Flanders all Do. 514 per c. Prof all W.& g. W. of France 6 , Western of Austria all 1 We,.t. of Switzerland all 1 W Leal aden all Do. Bp. cent. pref. all 'Zealand........ 64 - 613 ... - ... 1i It 3i - 4 3. -31 d 28 2 A ND ".. • o• a = iii .di sip ii is 9 - 21 - 211 38 - 39 9 - -34 i 55 - 57 i hal 16 - 18 i 81 - 81 8 -8/ 22 - 22/ 4 - 5 94 27 - 28 ... ''" ... JOINT-STOCK BANKS. _ 9 20 40 all !A ustralasia 86 88 874 if ---- 15 25 18i Bank of E gyp t 231 - 244 20 100 50 ,Bank of London 4B 52 4 40 all !Bri. Col. Bk. & Ln. Co 50 all British N. American : .. 10 20 10 le.lik.of Ind. Au•diCli " 10 ... •••• ... 100 50 ,City 100 25 Coloniall . ... ..... .. 25 100 20 Commercial 20 all Eng.Scot.drAus.Ca l7l 54 10 20 all Lon. Ch. Bk•of A ~.t lB 184 5 20 all Ditto New .. 004 50 20 Londonl and County .. 5 ... 29i 100 ... 50 Lnd.drE.Bnkng.Corp ... ..... ... 150 . ILondon Joint Stock. ... i St 100 2 0 0 I , Lond.andWestminst. ... •_ . 2 ... ~ A., 1 20 00 35 National Pro. of Eng., ... _.. 1 20 10 . Do. New ". 41” i 50 25 !National Bank 20 all New South Wales .• 25 all ! Oriental R a nk Corp 37 39 , 50 20 20 !Ottoman Bank - 201 203 3 50 00 l 5 ;Provincial of Ireland ... ••• I 100 10 all Do. New 1 5 1 in.Aus.B.&G.lm.Co ... ••• St. 25 all ,South Australia — ••• 25 25 all !Union of Australia 46 48 46i 7i i 1 261D0. New 26 28 1 50 10 Union of London AO 50 Unity Mutual .. ... . .4 : •;: d d WI 104 JO VroWnßic of L oa d/ [ , BRITISH 2112/Alfred Cone. (Philk.) 14 British Iron 20 Condurow (Cambrn.) 1 Dev. Gt. Cnsls. (Tay.) 273 East Basset (II ogan) 17s Great South Tolgas 17/5 Grt. W. Alfrd. (Philk.) Grt.W. Vor (lielstn.) 17s Lady Bertha 8 N. Frances (Illogan) N.W. Basset (Illogan) 6115 North Wheal Crofty Par. Cons. (St. Blaxy) 9 Porkellis U. (Wend.) 6s, Sort. Cons. MM. Co. 23 S. Caradon (St. Cleer 2 S. Cam Brea (Illogn. 19 S.W. Frances(lllogn. 43 Pam. S. St L. Min. Co 9 Tin Croft 40 Un. Mince (Gwennap), 1256 V. of Towoy (Camay,) 13 W. Basset (Illogan) 20 W. Caradon (Liskrd.) 5 Vh. Basset (Illogan). 5 Wh. Buller (Itdruth). 53 Wh. Edward(Calstck 117 s 'h. Kitty (U. Llant 8 h. Ma. Ann (Menht. Wh. Trelawney (Lis.) FOREIGN 7j !Australian Hrs. Bon Accord Cop. (IL) 27 Brazilianlmp.(issued at £5 pm) all Do. Cocaes & Cuiada 15 Do. St. John Del Rey A Clarendon Con. Min. - Co. of Jamaica all Cobre Copper 16 Copiapo all Dun Mountain Cop- per Mining Co. all Fortuna all General all Linares ii Lusitanian all 'Mariquita , all New Granada , all Noyeau Monde all Pont.Sll.lAM.&Smlt 1 Port Philip 16i Santiago de Cuba all ,United Mexican...., MINES. 12 -- 13 3 - 5 80 - 460 - 483 100 - 105 iG - 17 4i - 1; -- 1 - 10 - 16 - 4i - 20i - 5 - 1} 360 - 5i 240 - 1 - 4i - ti 213 6 i l l ao 51 60 141 25 1 4 -- 26 4 41 105 -- 115 230 -- 250 320 -- 350 13 i -- 14i1 47 -- 491 21 - 23 MINES. I - i k - i P 11 - 24 13 - 14 40 12 id -- 4 11 r - 5 -- 2i - ii 34 - 4* MISCELLANEOUS. 900 Atlantic Tel. (Lim.) 19 'Australian Agricult. all !Australn. Royal Mail all 'Berlin Water Works 2 Do. New iss. at Si. d 40 Brit. American Land 326 Canada 100 Do.Go.6pc.Jan&July all Copper Min. of Eng. all Do. Pref. 7g p. cent all Crystal Palace all ' Do. Preference all ;Crystal Pal. of France all Eastern Steam 100 l ElectricTelegraph all 'Electric Tel. of Irel. all 'En.dtAust.Cop.SmCo 10s. Eur. & Ind.Jetn. Tel. all Eur. &Am. Stm.(lim ) gill 'Gen. Ir. Sc. Col.(lim.) 14 jaen. Steam Navigat. 5 ,London Discount all ;Lend. Gen. Omnibus 10 Magdalena St. Navig. all Mediteran. Elec. Tel. all 'Do. Extension Teleg. all 'Mexican &S. Ant OriCII 5 iNat. Discount Co 6 'Netherlands Land..., all iDo. Do. all Do.B p.c.Pf.iss.at 3 Do. Do. 80 Now 11. &N. S. Land 100 N. S.W. Gov. sp.c. D. all N. B. Australasian... all Nrth.ofEuropeSteare all Oriental Gas 108. Do New Shares all Peel Er. Ld. & all Peninsular & Oriental 10 Do, New . all Rhymney Iron 60 Royal Mail Steam all Scot. A ustral. Invest 100 S. Au% Gov. 6 p. c. bds all South Austral. Land all Submarine Tel. Scrip all Do. Registered 5 Tills. Ls, Cj, Up. Can 28 1,)VarkIhemen'o Land 1 ..• --• •" 26i -27 A 2 - 24 4 - 5 ••• 35 - 40 150 - 160 114 - 113 27 - 32 25 - 27 4t-- . ... 44 - 54 102 - 105 •• - ... 1 4 --- li if : 4 i" i3l = i,,' ••• 8 --- 9 ... -. i 4 2: 3 1i 3 -- 34 1 -- 17 -- 20 95 i -96 i -- 1 1 - P, IP 2 / 79 - 80 7 - 8p 22 - 24 63 - 65 - 108 - 110 38 - 40 - 1 - 1 10 -- 12 St. 100 St. 100 St. 100 25 all 25 16 St. 109 St 100 St. 100 10 31.1 20 17), 20 all 10 all St. 100 0 18 0 10 ;t. 100 ;t. 100 ;t. 103 It. 8 10 100 100 LO j all ,t. 1100 ;0 all R.. 100 it. 100 22 ;0 all It. I 10.) all .0 all 5 all 5 all .t 0 all LO all lO all LO all WO 1 all 18 1 9 .8 all !O all 10 100 10 100 N) 100 ;0 2s. 0 2sliti 0 lOs O 1 7 all 4... 100 0 15 )0 all )0 all !O all K. 100 )0 all 0 all all all all all * all 9 all 0 10 0 5 9 5 0 ss. .0 all O all 5 all '.O al 1 6 all 15 :0 all :0 all ;0 all :0 all la 6 ;CI all !O all 5 I all .0 all 0 all .6 all .0 all i 113 i i 51 2i 4 3i 85i 2,t 2 5 21i i 1 13. E i li I 9 iii Si i 26! 20' St. St. 25 10 L 0.61 115 114 105 89 1001 i 'lO3, 123 2 97i 8 254 5 1:I i 48 ; 21a I 414 i 27;6i 165 6 57 52 114 ii a Ai 4 1 1 5i 4j i 51 1i li 41 27i 7 31 3i 20 96 4 5/ 21 i 79i 9 80 17i li 109 81 THE ROYAL BRITISH BANK (This Day). COURT OF QUEEN'S BENCH, GUILDHALL, (Sitting at Ni►i Prius, before Lord Campbell and a Special Jury.) THB QUEEN Y. BROWN AND OTHERS. SIXTII DAY. The trial of the information against the directors and manager of the Royal British Bank for conspirimg by false pretences to defraud the shareholders and cue tamers and the public, was this day resumed. The same counsel appeared as before. ' The further inquiry into Mr. Cameron's debt to the bank was proceeded with. Mr. Anderson, examined by Mr. Welsby, said that in Cameron's account in the green ledger there was a dis count of a note for 500/. in the bill register ; it was entered as a promissory note of Esdaile's, endorsed by Cameron. It was continued on as a continuing security in the register of the 6th of February. On the 16th of January, 1854, there was entered in the register an advance on convertible securities, a sum of 3,4781. 2s. 11d., w hi ch continued until the end of 1855. It was taken out after the first balance that was struck on 31st December, 1855. On that day Cameron gays a bill drawn on the National Bank of Scotland in favour of the Royal British Bank for 3,6001., 21 days' date. It was discounted and the amount placed to the credit of his drawing account, which would appear as an asset. He received the bill from the accountant of the bank, with instructions not to present it. It was not entered in the past-due bills book, but it remained on the list of country current bills till the close of the bank, and to the debit of Cameron's discount account. On the 31st December, 1854, Cameron's discount account amounted to 15,396/. 14s. GI due from him to the bank. On the 31st December, 1855, the amount was 19,146/. 14s. 6d. Nothing had been received on it from that time up to the stoppage of the bank. Mr. Anderson, cross-examined by Mr. E. James—Tee bills produced of Cameron's were not initialled in the proper manner by the directors, to indicate they had passed the directors , nor had they been entered in the past duo bills book. Up to tbe,time Mr. Relale became a director, t he could only trace on the books the payment of the money but not the order for its payment. The 50C/. bill of Mr. Esdaile's was paid without renewal. By the system of book keeping adopted by the bank, they showed the payment of 1,500/. for the 5001., which the witness el:plaints:l, but it was of so complicated a nature that few only could understand it. The principal object appeared to be to give the bank an advantage of interest and the saving of the stamp. By Mr. D. Seymour—Mr. Cameron's account was kept in the usual manner as others of the same class ; there was no mystery about it. The bid for 10,0001. edd bad reference to the purchase cf some of the bank shares. A juryman asked if the "green-book" referred to was a ledger or a memorandum-book fee. the use of the directors ; because there might be a difference as to . ,:he actual state of the a ccoun t i n t h e ledger and imche green-book. Witness said that the "green-ledger" contained the accounts that were more frequently referred to, and that it answered all the purposes of a ledger. Mr. Crawford, the accountant, said he remembered finding, in 1853, seven promissory notes of Cameron's, amounting to 10,600/. He charged interest on them, as he understood they represented original shares of the bank, and the dividends would go against them. There was a cash and drawing account. In 1854 the debtor balance of Cameron's drawings showen2o//.75:2;-;ce balance of the cash credit account at the end of 1854 was 3,1731. 12 , . Bd. against CAtneren. During Csmeron's absence from illness, in 1855, Mr. Esdaile examined the share register, and took a good deal of trouble with it. Mr. Esdaile on one occasion said, "Surely Cameron's bills represent a great many more strives than are standing in his name. The amount would represent 212 shares, but there were only 51 shares registered in Cameron's name. In June, 1855, CAUIC:O3 said to witness the directors were pressing him to give back 1,0001. of his salary, but that he would take care to recompense himself. Cameron afterwards gave a promi•sory note fur 1,0001., which was placed to the "profit" of the bank. During Cameron's illness witness furnished Mr. Es,laile with a list of convertible securities. It contained Cameron's for 3,478/.25. lid., and he called Mr. Esdaile's particular attention to it by placing his finger on it ; 1151. ls. 2d. was charged for interest at the rate of 5 per cent. This occurred in March, 1855. The witness was examined at considerable length with reference to the details of Mr. Cameron's account, tracing the items through the books of the bank. Cameron's debt At the atoppsge of the bank was over 26,000 d. Cross-examined by Mr. E. James—flu was unable to say whether Mr. Eidaile nad seen the bills before Cameron's illness. There was a diary kept sho wing the bi:ls as they became due, but as Cameron's bills Were never intended to become due, they were not entered as such in the diary, though a list of them were entered at the end of the hook. The jury examined the book, and said the entries showed that that was the case. Witness continued—The bill of 500/. was given by Mr. Esdaile for the legitimate purchase of shares of Cameron, for the purpose cf doubling his qualification at the board, in accordance with a resolution passed at the board for that purpose. Mr. Esdaile paid the amount with interest. That was the oniy accommoda tion he rt ceived from the bank. Mr. E,da•.ls and his firm banked at the London Joint• Stock Bank. By Mr. 1). Seymour—The price of R iyal British Bank shares in 1855 ranged f?om 43/. to 501. Eli was unable to say whether Mr. Cameron considered his aebt of 3,500/. had been liquidated by the sale of 70 shares which he had given the bank authority to dispose of. A sum of 1751. had been received from Cameron's estate since he left the bank which had not been placed to his credit. The balances of the Royal British Bank at the Bank of England sometimes fell short. By the Jury—There was a debtor-book kept, but lee was unable to state if it went before the jury. Sir F. Thesiger said he should call wank sees to prove what books went before the weekly meetings of the directors. Mr. John Finlayson was called. He said he went into Mr. Cameron's service as clerk at Dingwall, in 1842. Mr. Cameron farmed some land there with a Mr. Ewer, but the latter got into difficulties, and Mr. Cameron took the farm liabilities on himself. In conse quence of M r . Ewer's difficulties, & cash credit account was ope ne d at tre Natio na l Bank of Scotland. Mr. A. Mattheso n b ecame security for 5,000 / . b ut that was not sufficie n t to pay off the ebts on the farm. Lord Cam pbell—g ave th ese matters come to the knowledge o f t h e defendants ? Mr. Welsby—N —O, it only refers to Cameron. Lord Campbell suggested that the learned counsel should not continue this art of the case. Mr. Wehi:l will Etnpson. I Etnpson. proceed with the case of . - By IYIr. D. Seymour—Mr. Cameron held many highly responsibl e o ffi ces in Scotland in connection with the Crown, an d was looked upon as a man of good repute. He still was C lerk of the Peace of Dingwall, and also Clerk of Supply and Chamberlain or factor of Crown rents. He was also a very large sheep farmer. The Court th en adjourned for a short time. On the re-assembling of the Court, Mr. Weleby proceeded with Mr. Empson'a account. solicitor , M : f,' Henry Empson was called. He stated be was a carryi ng 011 business in Moorgate-street, and acted as a gent for Mersrs. Mullens and Paddison. He never purchas e d shares in the Royal Brit i sh B ank on his own account I n May, 1854, Mr. Gatherer the share regist rar called on him, and from what he stated witness ac cepted and signed the transferof certain shares. His name was used as trustee o f the bank ; in 1855 and in 1856 t h o circumstance frequently occurred. He had no kno w l edge that shares stood in his name till after the stoppag e o f the bank. He did not know an account was opened i n hi s name, these occa s ions n M A r. J ames —He was only communicated wi h on --- " sin " by Mr. C ra wford and Mr. Gatherer. He had no com munication a w i t h a ny of the directors till the fail ure of the bank. By Mr. Seymour—The only purchase] of shares was after Mr. Mullens' death. Mr. Crawford was called—He deposed that in June, 1855, Mr. Cameron's private account was opened in the name of Henry Ecopson ; in that account he was debited with money paid for shares. The first entry that was made was for seven shares purchased by Lady Adair for 3 501. ; the second, 2,0001. for 40 s hares ; the third, 1,500/. for 30 shares; and a fourth for 50/. 7s. 61. The money was paid for theta out of the bank. Further evidence was taken in support of this part of the case, and Sir F. Thesiger stated that he should next enter on the past due bills book, and show the books that were laid before the court meetings. After that he should examine Mr. Paddison generally, as to his knowledge of the transactions in connection with the directors, and conclude with the] evidence of frauds by naisrepresentati?n. The oourt adjourned about 6 o'clock. LLOYD'S SH l PPlNG.—erliis Day.) LONDON, Feb. 19.—Wind this day at noon, E.; strong breeze, and fine clear weather. CRO OZHAVEN, Feb. 17.- - Wind S.E.—Arrived—Palma, from Callao; Fairy, ditto. SUNDERLAND, Feb. S.S.E.—Arrived— Yactit, from St. Michael 8 ; Excelsior, ditto; Nonpareil, ditto. Sailed—Swan, for Greenland. PLYMOUTH, Feb.lB.—Wind E. — Arrived —John Philip, ; Marid a , f rom B ar b a d ees f or from Amsterdam. Maur i tius for London (PER ELECTRIC TELEGRAPH.) SOUTHAMPTON, Friday Morning. Wind E. ; hard frost. Arrived —Argyll, !Witmer, from Carentan ; Donegal, Alfred, and Calodoui, ; Atalanta, steamer, Uzema, Christiania ; Victoria, Gothenburg; Jenne for Cherbour g . LI VERPOOL, Friday M orn i ng . Celestine, jirs Rouen. eY Wind S.E. Arrived, Feb. 18 7 -Bolus (not the Salem, as reported), Messina; Bombay ; Arena, Pernambuco; Faith, Alice Tainter, Mobile ; Emulous, St. Michael's; Utopia, L on d on : Clara Wilhel mina, Bremen. Bonn T y a ; sm ß a ra n g la s:nes, Iquique ; Doura, screw steamer, for Lisbon, has put back. .0 1 .......,......... (BY SUBMARINE AND BRITISH TELEGRAPH.) GRAVESEND, Friday Morning. Wind E.; tide, fifth hour's ebb; weather fine. Arrived, Feb. 18—Ruby, from Dunkuw. Arrived, Feb. 19 - Alide, from A arhuus. Sai;ed, Fob. 19—Berdianski, packet, for Syra ; Paris and London, Paris; Koh-I-Noor, St. Vincent; Nottingham, Bombay; Adler, Bremen; V o l un t eer (s. ) , A n t wer p; Bueno Natalie, Cootantinople; Panther (L), Boulogne. respect, and all manner of expedients were resorted to in order to delay the prsscaedings. ilLord BROUGHAM said it was with the view of remedying the incc , nvenience referred to by the noble earl that he proposed to give jurisdiction to County would no t C not A Courts. b 1 1, 31 P m ß a d E e L s L i m e p x I p y r e t s o s e d amendhhopeis t h that e law an o a f tt ba em ti p k t . ruptcy, but th at that law would be entirely recast. He believed th at a partial attempt to reform the law by calling in the assistance of the County Court judges in the administration of bankruptcy would be of little advantage, and unless the whole system were recast he did not think any satisfactory result could be expected. Lord WENSLEYDALE cordially concurred with his noble and learned friend that this was a subject which required the most careful consideration in all its parte. Indeed, the law of bankruptcy and insolvency was in a more unsatisfactory state than any other brands of modern law, and he hoped his noble and learned friend ' who last spoke, and all others who were conversant with the subject, would endeavour to effect those im provements which were absolutely requisite. Nothing satisfactory could, however, be done without going into a consideration of the whole subject. The bill just intro duced by his noble and learned friend, and that which was already upon the table, dealt with parts of the sub ject ; but be thought s o me me th o d should be devised f or carefully considering the whole question in all its bear. ings. The present system was undoubtedly attended with great inconveniences. Indeed, he had ocly been in. _formed yesterday by an hon. member of the other house that it was a matter of serious complaint on the part of the inhabitants of Westmorland and Cumberland that they were compelled to travel from the remotest parts of those extensive counties to Newcastle-on-Tyne for the transaction of bankruptcy business. It would, undoubtedly, be a much more convenient arrangement if the commissioners went about from place to place so that meetings might be held in the vicinity of the bank• rupta' residences, without subjecting creditors to untie pessary expense. Lori STANLEY of ALDERLEY said, the public owed a deep debt of gratitude to his noble and learned friend for his contribution towards the improvement of the law on this subject by the bill which he had just laid upon the table, He concurred with his noble and learned friend that there was scarcely any branch of law in which the necessity of reform was universally admitted. Ire would net enter upon the different points which had been noticed in the course of the discussion, but it seemed to him that the essence of his noble aed learned friend's bill was to transfer the duties of the Commissioners of Bankruptcy, as far as it could be done, to the County Court judges. He thought that there was a broad dis tinction between the trader and the nen-trader. In bankruptcy there were generally more or less assets to administer, but insolvency persons frequently same before the courts without any means whatever and the same machinery was not necessary which was required in bankruptcy, With regard to the measure which was being prepared in the department which he was con nected it was in a very forward state, and be trusted it would soon be introduced either in that or the other House of Parliament. He hoped that the measure would meet some of the mere obvious difficulties, and give fa eilities for those arrangements which were now common by voluntary agreement among the creditors, whereby the funds of bankrupts would be administered with as little waste as possible. It would not interfere with the consideration of the general improvements of the laws on the extended basis which the noble aid learned lord thought so necessary, but he trusted that as it would correct many evils it would meet with the 'assent of Parliament, with such alterations as might be deemed desirable. (Hear, hear.) The bill was then read a first time, and their lordships adjourned at a few minutes past 7 o'clock. HOUSE OF COMMONS.—(YESTERDAY.) The SPEAKER took the chair at 4 o'clock. NEW MEMBER. Major GITIti took the oaths and his seat for Limerick. PETITIONS. Several petitions were presented for an Equalisation of per.r rates in the metropolitan districts ; for the restore• tion of Oudr-; for an inquiry into the causes of the Indian reb,llion ; for Parliamentary reform, comprising an extension of the franchise and vote by ballot. LORD LIEUPENANF OF IRELAND. Mr. ROEBUCK postponed his motion relative to I;ia abolition of the office of Lord Lieutenant of Ire and till this day fortnight. CHURCH RATES. Mr. PACKE gave notice that on going into com• tnittee on the Church Rate Bill he should move that it be committed that day six months. (Hear, hear.) LORD PRIVY SEAL. Mr. WISE gave notice, that on the 4th of March he should move a resolution that it was the opinion of the house that the recommendation of the Committee of I€so, on official s:ilaries, recommending the discontinu• arcs of the office of Lord Privy Seal, and the transfer cf the duties t) s.)me other department, be carried into effect. (hear, hear.) RAILWAYS IN INDIA. Mr. LIDDELL gave noties that on this day fort• night he should call the attention of the house to the oauee that had delayed the construction of railways in Indio, with a view to inquiry. (Hear, hear.) THE DEFENCE OF CXWNPORE. General CODRINGTON asked the First Lord of the Treasury v,htther any additional det.patch had been received by the Government from the Commander-in- Chief and from the Governor-General in India, referring to the operations o f G enera l Wi n dh am in thedefence of Cawnpore in November last ? Lord PALMERSTON said he rather thought a nom. munication had been received at the India House, and also at the Board of Control, relative to the operations referred to ; but the gallant general mast know that no communication existed between the Governor-General of India and her Majesty's Government at home. He believed he might say that explanations had been given that completely acquitted General Windham from all blame connected with the engagement near Cawnpore, when part of the baggage and tents were lost. An inquiry was now going on in India respecting the conduct of others supposed to have been in fault on that oocasiea. He believed, however, he was justified in saying that General Windham displayed on that and other occasions in India those qualities for which ha was so much dis- tinguished. (Hear, hear.) MEDICAL ARMY DEPARTMENT. Mr. GROG AN a,ked the Under-Secretary for War when the warrant in reference to the medical department of the army, in accordance with the recommendations of the committee, would be issued , . Sir J. RA MSDEN said the recommendations of the committee were so varied and important that they re quired considerable consideration bat ►re their final &clop ton. It was impossible to say the precise time when they would be carried into effect. CHARITY COMMISSIONERS. Mr. HOPWOOD asked the Secretary of State for the Home Department, whether it was the intention of the Government to take any steps for enlarging the powers of the Charity CommissionPrs, with a view to simplifying the proceedings between them and the Court of Chun• eery ? Mr. BAINES said the Government did not deem it desirable to introduce such a measure this session. LORD LIEUTENANCY OF IRELAND. Lord PALMERSTON presented a petition from the City of Dublin, against the abolition of tho office of Lord Lieutenant of Ireland. DIOCESE OF MANCHESTER. Mr. HADFIELD asked the following questions : "Under what authority the Bishop of Manchester has appointed a chancellor of the diocese of Manchester I Whether Dr. Bayford, recently appointed registrar of the Court of Probate, stills holds the office of chancellor of the diocese of Manchester ; and, if he does, whether he will be permitted to hold both offices ! Whether Mr, John Border, recently appointed registrar for the city of Manchester and hundred of Salford, is to be per mitted to hold the office of secretary to the Bishop of Manchester, and the other offices held by him under the bishop, or in connection with the diocese or archdeaconry of Manchester ?" Sir G. GREY said the question of the boa. and learned gentleman referred to a subject with which the Government had nothing to do. He believed the Bishop of Manchester had made the appointment under his general authority to do so. If he did not elect a g been disposed 0 f i n chancellor within a given time the Archbishop h a d th e power of doing so. (hear, hear.) The some othe instances,r business and t the paper withdrawn bav i in others, the n adjourned debate on India was resumed. GOVERNMENT 01? INDIA BILL. The debate on the introduction of this bill was resumed o h s eo a n id that before he proceeded with the C o d l e o b n a e t l e h ir e K Ethou gh tS' idea set thathim himself e r l i o g n h g t e o to t t l i r: court of directors t a o d r s b t e o en lead ft to musttheenoughin d minorities, which had operated to his p l e a r i s n o i l tie ::rej j u n el ' i t ca l" , - and had delayed his obtaining the post of chairman. If, herefore, he h ad any prejudice, it would be against the Company. He might therefore be co ered rather as a witness of the truth than an apologist for the Court of Di rectors. With regard to the question itself, the noble lord had admitted that the East India Company had donemnch for India, and said that it was not on account of any delin quency on the part of the Company that he proposed their abolition, but on account of the inconvenience of their go vernmer. What did the Chancellor of the Exchequer say? Why, that the Company had done nothing at all, and that the magnificent empire which Augustus might have envied, had been acquired by the insubordination of their servants. What did another member of the Government say ? He must go back to the noble lord. The noble lord had said that the system of check and countercheck was carried too far, until it clogged and impeded the progress of the machine of administration. Now, what did the hon. member for Kiddermin s t er sa y ? That the power of the di rectors was nothing at all ; that they were merely subordi nate to the Board of Contr o l ; a n d he then described the manner in which the business was carried on, without allowing any real power to the Court of Directors. Here were three menibe:s of the Government opposing each them other, and so little agreement was th ere b e tween that they brought forward thre e o pp os i ng r easons for teei same measure ; and if a fou r th mem b er o f the Go v er nment e,r,n be a t were to speak, he had no d ou bt that ter w ould h fourth opposing reason. H o f u lly agrepdw lt the noble I lord that the Court of Directors was d eserving of praise, fif Innedia. T that they had done much for the b but his statements referred to e r e a day. He would brio forward some statistics which g Court of Directors of the pr t - should disprove the all ege d t e Exchequer. for hi T m h et to honourableacs w with member st th ti e m y ne c h s a , d t o and do not tottho ntghe he i Chancellor of the Exchequer said ; e e arguments of that right honourable gentlemen lit a speech of mos t as factstou n e d f i ntfhgoercelEohnqentieicesnke of t remained i had disproy d th