The Sun. — London, England, 1852-12-04 00:00:00

THE TRUST and LOAN COMPANY Oi UPPER CANADA: NOTICE IS HEREBY GIVItN, That an EXTRAORDINARY GENERAL MEETING of SHAREHOLDERS in this COMPANY WI I be held on the 15th December, at Two o'Clock P.M., at the Offices, 65, Moorgate-street, for the purpose of declaring a Dividend on the Capital Stock of the Company. The Meeting will then be made special, for the purpose of taking into consideration the granting powers to the Directors to receive money on Loans, in accordance with the 41st dame of the Act of Incorporation of the Company. The transfer books will lie closed from the Bth to the 16th De. ember. By order, T. MACDONALD, Sec, DR. GLOVER'S DENIAL of his CERTIFI CATE to Mr. ALLSOPp :"I beg to say that I never gave Mr. Allsopp any certificate whatever." Dr. GLOVER'S LETTER was published in extenso in the 20th numbet of THE MEDICAL CIRCULAR, accompanied by an editorial expose of the gigantic Beer Puff of Messrs. Allsopp, Liebig, and Co.—Orders for the Medical Circular to be sent to the office, 4, Adam-street, Adeiphi. The trade supplied by Gilbert and Co., Paternoster-row. • DIN.NEPORD'S PURE FLUID MAGNESIA Has been for many years sanctioned by the most eminent o f the medical profession, as an excellent remedy for ACIDITIES, HEARTBURN, HEADACHE, GOUT, AND INDIGESTION. As a Mild Aperient, it is admirably adapted for Delicate Females particulary during Pregnancy ; and it prevents the food of infants :rout turning soar during digestion. Combined with the ACIDULATED LEMON* SYRUP, it forms an Effervescing Aperient Draught, which is highly agreeable and efircacione. Prepared by DINNEFORD and Co., Dispensing Chemists (and General Agents for the Improved Horse Hair Gloves and Belts), 172, New Bond-street, London, and sold by all respectable Chemists throughout the Empire. THE &TRE ROYAL, HAY MARKET. Farewell Season or Mr. Benjamin Webster as Lessee and Manager THIS EVENING Will be performed the new Petite Comedy of A NOVEL EXPE DIENT, by Mr. Leigh Murray, Mr. Howe, and Mrs. Stirling. After which, the very popular and highly attractive Comedy of MASKS AND FACES; or, Before and Behind the Curtain. Triplet, Mr. Henjamin Webster; Peg Woffington, Mrs. Stirling. To be followed by the Farce of A CAPITAL MATCH. To conclude with the Farce of SHOCKING EVENTS. ROYAL LYCEUM THEATRE. Under the Management of Madame Veatris. THIS EVENING. Will be performed TAKING BY STORM. After which, a new Farce, in two acts, entitled THOSE DEAR BLACKS. Characters by Messrs. Charles Mathews, Baker, Suter, Butler, and Miss Wyndham. • To be followed by USED UP. ry ..111.1a.• with A HOUSE OUT or WIADOWS. Characters, y Paul Potter and Mr. Robert Roxby. Sole Agent for the Private Boxes, Mr. W. Alleroft, 15, New Bond-street. THEATRE ROYAL ADELPIII. Open for the Season. Proprieter, Mr. B. Webster.—Directress, Madame Celeste. THIS EVENING, SLAVE LIFE ; or, Uncle Tom's Cabin—by Messrs. Alfred Wigan (his Fifth appearance), Emery, 0. Smith, Cullenford, Madame Ce leste, Miss Woolgar, Miss Laura Honey, and Mrs. Keeley. Atter which, the Extravaganza of MEPHISTOPHELES; or an Ambassador from Below. ROYAL PRINCESS'S THEATRE, OXFORD-STREET. Under the Management of Mr. C. Kean. THIS EVENING Will be performed Shakspere's Comedy of TWELFTH NIGHT. Principal characters by Messrs. Bartley, Lacy, Stanley, Meadows, J. Vining, Ryder, Everett, Cathcart ; Misses Murray and Marshall, and Mrs. C. Kean. After which, THE ADOPTED CHILD. Principal characters by Messrs. Bartley, Graham, and Everett, Misses Terry, Vivash, Le clereq, Daly, and Mrs. Daly. Te conclude with DEAF AS A POST, in which Mr. Wright will appear. ASTLEY'S ROYAL AMPHITHEATRE. Proprietor and Manager, Mr. W. Ratty. Great and unprecedented success of Uncle Tom's Cabin, which nightly Increases in popularity and attraction. On MONDAY, December 6th, and during the week, the perfor mances will commence with the new and highly successful Eques trian Drama of UNCLE TOM'S CABIN, with all its exciting and interesting Equestrian and Dramat'c effects. To be followed by Fatty's Equestrian and Gymnastic Scenes In the Arena. To conclude with the popular Farce of THE DEVIL TO PAY. Stage Manager. Mr. W. West. Doors open at Hali-past Six o'clock; box-oince open daily from Eleven to Four. HIGH WATER AT LONDON BRIDGE. THIS Der —Morning 36 min. after 6 Evening 6 min.aft. 7 To - hloaaow—Morning 40 min. after 7 I Evening 16 min.aft. 8 THE WEATHER. SUN OFFICE, Dec. 4. THERMOMETER, IN THE SHADE. 49 highest since noon yesterday. 43—lowest this morning and during the night. 51 —this day, at noon. BAROMETER, 29'98. WIND, S.W—Drill, rainy weather. THE WELLINGTON SUN. ON THURSDAY THE 18Tn, AN EXTRAORDINARY EDITION OF THE SUN WAS PUBLISHED, CONTAINING A SPLENDID PORTRAIT OF THE LATE DUKE OF WELLINGTON , WITH HIS AUTOGRAPH, AND A FULL ACCOUNT method of manning the mercantile marine, the Right Hon. Gentleman referred in powerful and indignant terms to the evils resulting to the Royal Navy from the equally erroneous scheme of manning that service—pronouncing the latter, indeed, to be absolutely irrational. Next were considered the claims of the sugar produc ing interests. Sugar he pronounced to have been the battle-field of parties ; but he besought the House to enter upon the consideration of the present state of those interests with good temper and impartiality. Nevertheless, while feeling deeply the misfortunes which have befallen of late years the sugar-producing colonists, he waived the idea of introducing this clause of his Budget in the character of a sentimentalist. Acknow ledging the suffering of the interests here referred to, he yet did not consider the com plaints borne out by statistics, so far as to con vince him that our colonists could not survive the existing system of competition. Particulars were then adduced from the returns of 1851, compared with those of 1852, showing that the imports of foreign sugar have decreased, while the im ports of British sugar have as wonderfully increased during the same interval. The Cabinet could not regard itself as called upon to yield, or even justified in yielding to the demand of our colonists, either that we should arrest the descent of the duties on foreign sugar, or reduce the duties upon British plantation sugar. Simply, therefore, the Ministry refuse distinctly to pro pose the return to differential duties—having before it the remarkable and incontestible proofs of the happy fruits of unrestricted competition. No wonder the cheers that rose from all parts of the House at this announcement were especially earnest among the Free Trade Members of her MAJESTY'S Opposition! Again, the CHANCELLOR of the Ex- CHEQUER declared that he could not possibly recom mend the increase of loans to the British sugar pro clueing colonists—because the loans already set apart for their advantage are at this moment actually in exhausted ! One boon, however, he would urge should be granted to the interests here referred to—that prayed for in reference to the re fining of British sugar in bonded refineries for consumption : a boon which, he reminded the House, might be safely and gracefully con ceded, because it is strictly in continuance or development of the system of unrestricted compe tition. Reference was now made by the Right Honourable Gentleman to the whole net-work of local taxation throughout the country. Upon the Highway Rate the Cabinet was, he announced, pre paring a measure which he felt sanguine would prove acceptable to the great majority of the Imperial Legislature. When alluding to the County Rate, Mr. DISRAELI in an impressive tone, which was warmly responded to by the applause of the House, stated that before long Par lia.nent would have seriously to take into account the whole of one of the most important ques tions of the day—the question of Punishment ! Altogether the County Rate, according to his explicit remark, was statedto amount to 800,000/., though in reality it only reached 600,0001. (the police being erroneously included in the tables of the results of the assessment) ; but this rate he would not conceive himself justified in recom mending to be materially or even moderately diminished. Immediately the greatest of all the local taxes, namely, the Poor Rate, was men tioned, a desultory kind of conversational tone was introduced into the financial statement by the cheers and counter cheers upon the allusions made to the decrease of late years in the extent of pauperism —the cheers of the Opposi tion being a sort of inarticulate panegyric on " recent legislation"—and the counter cheers from the Ministerial side of the house being a species of unsyllabled tribute to the " obsolete opinions" of Protection. Finally, however, under this head, the CHANCELLOR of the EXCHEQUER brought the ap plause of the House of Commons to something like unanimity by announcing that he would not pro pose any change whatever in the system of Local Taxation. Hereupon, the Right Hon. Gentleman altered his manner very perceptibly—having at last reached the core, the pith, the marrow of the present memorable Financial Statement. He de clared in the clearest language that the purpose of the Government. at this juncture, is to carry out to the fullest extent the now firmly established sys tem of unrestricted competition. Foremost among all the evidences of this intention on the part of the Cabinet, .was the explanation thereupon made by Mr. DISRAELI, that the Ministry are definitively prepared to deal with the Malt-tax. The propo sition now submitted to the Legislature is this, that the duty upon malt should be considerably remitted—that, in fact, it should be reduced one half —while the drawback upon malt should in Scotland (as had formerly been done in Ire land) be altogether foregone. It had been asserted long ago that the abolition of the duties on corn would necessitate the remission of the duties upon barley. That remission had now become inevitable. It was undoubted, said the Right Hon. Gentleman, that an increase had been perceptible since the establishment of the system of unrestricted competition, the sum total being, in 1849, 38,935,000 bushels, in 1850, 40,744,000, and in 1851, 40,337,000. Yet it would be but fair that Free Trade should be carried out to its fullest extent in this particular, and, therefore it has now been proposed by the CHANCELLOR of the EXCHEQUER that the Malt-tax —now levied at the rate of 2s. 7id. —should be reduced one half, namely, to ls. 3id., and that the new system should come into opera tion on the 10th of next October. The next subject treated of by the Right Hon. Gentleman was the question of the Tea Duties. The reduction of the malt-tax by one half, must of course, he in sisted, benefit the consumer considerably ; by placing within his reach cheap beer, it would, by encouraging the cultivation of barley, materially improve the condition of agriculturists. The reduction of the Tea Duties, he contended, must not less signally benefit the consumer and the importer. In his reference to this proposed diminution he made facetious mention of the early praise of the china plant by PEPYS in his "Diary," and then specified that the imports of Tea in 1851 reached 71, 466, 000 lbs.—the consumption being about 54,000,000 ; while the consumption of the current year would probably amount to full 57,000,000 lbs. At present the duties on Tea may be stated at 240 per cent. or 2s. 2d. per lb. These duties the Right Hon. Gentleman now proposed to reduce very considerably. He had previously remarked that it would be unwise to deal in a small manner with the Malt-tax. He subse quently suggested that the old war duty on Hops should be at once remitted, thereby reducing. the actual duty one half. In a kindred spirit he now unfolded his plan in relation to the altera tion of the tax imposed upon Tea. Instead of maintaining those duties at 2s. .2fd., he would suggest that they should be reduced during the next 6 years to 15.—thus, in the first year by 4id. and in each of the five years afterwards by 2d., until it is reduced to is. as proposed. It should be especially borne in mind, that this reduction to ls., applies to teas of all kinds, to teas of all qualities, to black and green indiscriminately. Turning to generalities, the CHANCELLOR of the ExCHEQUER next spoke of the powers of the popu lar consumption upon which tbe revenues were mainly dependent. Those powers of consump tion he regarded as visibly on the increase. The rise in the rate of wages he considered to be advantageous to the country, instead of being, as was sometimes' pretended, altogether disastrous. Recapitulating briefly the measures proposed to be carried out by her MAJESTY'S Go vernment, the Right Honourable Gentle -I.ll_ an reminded th e H ouse that they suggested the remission of 2, 500, 000/. through the Malt Duties, of 900,000/. th roug h t h e T ea Duties of 3 00,000/, through the Hop Duties b--3-7tosuginetioiefrredueing the rev enues o f t h e country Bearing thisjll between 3,000,000/. an d 4 ,000,000/. e_____ gr, emembrance, we seemed to come naturally tax imposecr from to the consideration of the and property. Thart° year - upon incomes the ExcHEQuza raaxt up on a former CHANCELLOR o f occasion in the House famedco tin" g this asser ranions' ought not to admit of any exemptions, Commons, ~..,pl4:_etea J more distinctly tion in llio Budget, he The Budget last night submitted for the consideration of the House of Commons and the country, affords a re markable contrast to the inane and contemptible pro ductions which the late CHANCELLOR of the EXCHEQUER was accustomed annually to bring forward. Although there are points both of omission and commission against which we feel it to be our duty earnestly to protest, although there are other matters in which the financial Minister has not made sufficient progress in the right direction, we freely admit that there was exhibited a bold and vigorous energy —an enlarged and comprehen sive view of fiscal subjects—exceedingly creditable to the ri l e ig e h a t s H tu on bi . e G fu e t n u t r le e m p a r n ogr , ee d e. affmoredifinn g a l r l i u ci s al picistoautsemauents during many preceding years had been deplorably defi cient in these important particulars. The public had been wearied with the pompous platitudes the verbose inanities—with which Sir CHARLES WOOD had been accustomed to defend his perverse and obstinate refusal to abandon the beaten track, and the dull pomposity with which he neglected to avail himself of the golden opportunitiesafforded by a handsome surplus. There was something cheering in the brilliant project last night brought forward. We cannot help admiring even the portions which we are compelled to. censure. Major A—, in his advice to whist players--paraphrasing the well-known maxim of CATHERINE of Russia with respect to Generals—declared that "it was better to act on a bad principle than on no principle at all." Mr. DISRAELI was in every respect guided by principle, and that in no way opposed to the free and unrestricted competition recognised by recent legislation, and had it not been for the serious mistake into which the Right Hon. Gentle man has fallen, with respect to the Inhabited House-tax, our duty, on the present occasion, would have been one of unmixed gratification. As it is we strongly con de additionm con demn, , a and will a b u m r d o e s n t s a t l r r e e n a d u y o ussul yffioepi e p n o t s l e y , t o h n a e t r oformidable are aware that the great boons offered to the community require some addition to the old, or creation of new, sources of revenue. We fully recognise the propriety, justice, and expediency of the determination of not seek ing that augmentation through any indirect imposts ; b of u, t t be at di t r h e e et sa b m u e rd t e im ns e, owneonmeusdtesoebrijpectitontoofapny property tio to b which r o t b h e e t r t s e r a r e n d n f o a t r e m q o u r a e l y p r ha o ' d b u le et . v e I t t o wt the e u l h E d xe a b v e c . quer, to have increased the rate on Schedules A and C, and to have assimilated the charge on houses to those of all other descriptions of accumulated and realised property. It is difficult within the limits assigned to a leading article, more particularly on an occasion when the eloquent address now under notice makes so consider able an inroad on our available space, to give more than a very cursory notice of the contemplated changes. We shall first look to the omissions in the scheme. The Right Hon. Gentleman has totally overlooked the Taxes op Knowledge. He has not even alluded to the subject. No hope is held out of the abolition, or even the reduction, of the Advertisement Duty, which we should have been willing to accept as an instalment of justice, and which would have given a won derful stimulus to the trade and commerce of the country. .:We venture to assert that a remission of that impolitic and inequitable impost would not have occasioned any loss to the Exchequer. The pitiful 150,0001. derived from the tax, would be more than compensated by the increased activity oc casioned through the new facilities for making known the wants of the people, and bringing vendor and pur- ' chaser into communication. It would have been a great boon to those able and willing to work, and desirous of• making known their anxiety for employment. There are other matters, too, that ought not to have been passed CI , TUE GRAND NATIONAL FUNERAL, AND IS NOW ON SALE. IiRDERS RECEIVED BY ALL NEWS AGENTS, AND AT THE SUN OFFICE, 112, STRAND, LONDON. _ LONDdN, SATURDAY, DECEMBER 4, 1852, Curiosity has at length been satisfied as to the intentions of the DERBY-DISRAELI Government. There can no longer be any misapprehension in regard to the nature of the measures contem plated by the present Administration. hey have now been formally submitt e d t o the consTide ration of the country by the Rig CHANCELLOR of the ExcnE ht Hon. the extravagant to assert ,QuEn. It would not be , that never was there a financial statement more eagerly looked forward to by the population of the United Kingdom. To it exclusively has been deferred every one of the more important official explanations, When ever Ministers have been puzzled by any impor tunate querist, the reply has invariably couched itself in a reference of the inquirer to the pro jected Budget of 1852-1853—the Budget before the community, through the masterly exposition of the state of affairs yielded by the leader of the lower branch of the Legislature. Expectations in reference to this occurrence had been excited more or less throughout the nation ever since the- advent of the Earl of DERBY and his sup porters to power during the course of last February. It was only natural, therefore, that an unusual degree of interest was excited on the appearance of Mr. Disnazia last even i ng in the House of Commons, advancing from the entrance door, with the red box of office in his hand, and, we were rejoiced to observe, with an evidence of his health having undergone Va manifest improve ment. It was yet more natural, that, imm diately on his rising, the attention of his auditors should become noticeable in the breathless silence of the Representatives. The Right Honourable Gentleman prefaced his statement by reminding the House that his Budget was brought forward tinder very peculiar circumstances. He asserted, moreover, that he must claim from his hearers the reservation of their judgment until they had allowed him to lay ; 1 before th em th e w h ole of the T here 'telid ed policy of her M AJESTY ' S Government. out would be enforced, he observed, through his argument, th e ex i stence of an evil ries,deenicoanded removal or amelioration. Inju on thile sotended, had been inflicted, esp ec i a ll y interests, and interest, on the sugar-growing turisto. The ;l .on the i n t erests of the agricul interests had ar r_Juries inflicted on the shipping affecting th e 83 , 5 7: 1 111 0u f t 'of th e recent legislation plaints of th e sbippi_ n avigation. Of t h e com antirlpga interest —such a s th ose relating to salv age sta r tli ng catalogue. The:tage--he gave a ra th er cording to the view o f mineisteezplaints being, ae on justice, would be at on e , strictly founded sidered by the Leg,islature. propos e d to be con country of the projected c h ango e cost t o the 4 'Q 41 th e L i Dues would be about 100,0001. per annuirk Light sum, however, rendered nec essary to be exPendecl in conseq uence o f th e overs i g h t of this inatter affectin g th e s hi pp i ng i nterest i n the recent repeal of the l aws relating to navigation. Upon the subject of Pilotage, the Cabinet would conceive it advisable to recommend the scrutiny of the whole matte r in a committee to be appointed by the Lower 11°118 e of Parliament Dues th e G u As to the Admiralty over n ment would advise the conces sion pon m • any point s to the merchant service, -wherein the members of that service have been grievou s ly affected The salv age system to its particular detriment. i s • and it is considered terminated. advisable moreover, that i ntended t o cease at once, the anchorage system should horth manently rminated. S akija henceforth pe gof the be per existing ia. THE SUN, LONDON, SATURDAf EVENING, DECEMBER 4, 1852 insisted that the Property and Income-tax should be general ; and in the enforcement of this prin ciple, and in the development of the " wise, just, and beneficial" measures known as the measures establishing the system of unrestricted competition, he now demanded the extension of the Property and Income Tax to funded proper ties and salaries in Ireland. Turning in a kind of episodical manner to the consideration of the 240,000/, per annum, known as the Consoli dated Annuities, the Right Hon. Gentleman re marked that the Cabinet were not prepared to accede to the recoraxnendations from the House of Lords' Committee, though they meditated bringing forward some Ministe rial suggestion at an early opportunity. Having explained this matter incidentally, he reverted to the subject of the Property and Income - tax—observing that besides extending it to the funded property, and salaries in Ireland, Minister were preparing to recognise a difference between permanent or realised incomes and incomes simply precarious. In illustration of his meaning, and after distinctly announcing that there would not be a preponderating increase in any schedule, he explained that he would henceforth consider the exemption in industrial incomes to commence at 1001. per annumn, and the exemption in the incomes on property at 501. per annum. Schedule A and C continuing 7d., reducing Sche dules B, D, and E, to the rate of merely skd. Estimating the proceeds of the extension of the Property and Income Tax to Ireland at the " mo dest sum" of 60,0001., he considered that the sum total would be, under the new arrangement, somewhere about 5,421,000. Meanwhile he re called to the recollection of the house that he had suggested measures which would reduce the revenues by an amount exceeding 3,500,000/. Added to this, came the inereagcti expenditure consequent upon the development, or rather organisation, of the national defences. Remembering these facts, it became his duty as CHANCELLOR OF THE EXCHEQUER to allude now more parti cularly to the necessity for supplying deficiencies. Glancing cursorily over the tables of the financial year about to terminate, he remarked that it was no doubt true that there would be found on the sth of next April a probable dimi nution on the customs of about 100,0001., yet he, nevertheless, felt confident that the surplus would prove not 460,000/., as he had originally calculated, but actually a million beyond that, amounting, in fact, to nearly 1, 400,000/. ! The Right Hon. Gentleman then stated his intention of suggesting a series of measures for increasing the revenues of the country by about 600,0001., through the medium of a supplementary estimate. Happily, he con sidered the state of the revenues to be " most favourable" as we have intimated by the hinted surplus of a million and a-half sterling. To gether with the prospect of this surplus, he gave an equally gratifying prospect of what he spoke of as "no inconsiderable reductions." In earnest of the good intentions of the Cabinet in this particular, he declared boldly and distinctly, and amidst lcud applause from all parts of the House including the Opposition, their willingness to bring the whole revenue of the coun try under the control of Parliament. Hereupon, Mr. DISRAELI came to the crowning point of his difficult and memorable enterprlse—the considera tion of Ways and Means. Among the latest of his announcements of Ministerial pro jects in the way of improvement, must not be forgotten, by the way, the p ro p osa l to close the Public Works Loan Commission. Having cleared the way before him, tne CHANCELLOR of the EXCHEQUER, we repeat, arrived at last at about a quarter past nine at the climax of his great financial statement. Amidst the breathless stillness of the house, he re marked that he was not going to propose an increase through the Customs, that he was not going to call for a greater pressure by the Excise, for a return to indirect taxation, or for the imposition of a New Tax. No—he was not about to demand a New Tax. or to revert to indirect taxation. There was a hush of eager curiosity. The secret was about to be re vealed. What has been looming upon the na tion in a remote perspective, ever since Fe bruary, was on the eve of appearing distinctly visible and audible in the popular branch of the Legislature. Her Majesty's Government then avowed through the lips of the CHANCELLOR of the EXCHEQUER their intention to propose to the Com mittee ,the consideration of the House Tax ! There is an existing tax—take into account its present arrangements ! That is the project. The Right Hon. Gentleman reminded the country that the duty on houses producing them 1,198,0001., was in 1834 repealed--that the duty on windows was afterwards abolished when amounting to 1,830,000/.—afterwards of 800,0001. on glass, of 465,0001. on bricks, of 1,500,000/ on timber, and general though indirect taxation of 15,000,000/. Such have been the reductions by which recent legislation has established the system of un restricted competition. What the Cabinet suggested, therefore, now, was the develop ment of that system by extending the house tax—limiting its operation to every house of 1 0/.—increasing the rate to is. on shops, and to is. 6d. on private dwellings. A ccor di ng ' to his calculation, the result of the next year on this new arrangement will be an increase of receipts amounting to 2,500,000/., opposed to an increase of 2,100,0001. in expenditure. The Right Hon. Gentleman, after a masterly statement which had occupied in the course of its delivery up to a quarter to ten o'clock p.m., resumed his seat amidst enthusiastic applause from the support- ers of her MAJESTY'S Government. sub silentio. We, however, at present, merely refer to the Taxes on Knowledge, and more especially the adver tisement duties, as the most lamentable omission that indeed constitutes a "hiatus valde deflendus." The shipping interest will receive with thanks and gratitude the concessions made by the Right Hon. Gen tleman—concessions that should not be considered in the light of equivalents for what has been taken away by the repeal of the Navigation Laws, but rather as the removal of unjust and oppressive burdens which should never have been imposed. The British ship owner appears to have been looked on as an animal to be fleeced. He had to pay for lights which his vessels could not see, harbours int o w hi c h t h ey did not enter, and pilots of whose services they did not avail them selves—they were bound to surrender their best hands and the anchorage of which they were in actual possession to any vessel of the Royal Navy that might come in the way, no matter how great the inconvenience and loss thereby entailed on the owners. These grievances were acutely felt by the Shipping interest, and we are sure that no unprejudiced or disinterested person will consider that their abolition is too dearly purchased, and we have no doubt that the spirit •in which the CHANCELLOR of the EXCHEQUER entered on the question will elicit universal commendation. He has likewise acted fairly towards the West India Colonies. The demand for differential duties is totally in consistent with the " unrestricted competition" to which the House is now distinctly and unequivocally pledged. But the privilege of refining in bond, is in no degree opposed to that salutary privilege. It will afford a great relief to the Colonists, without in any degree infringing on the invaluable rule henceforth to be regarded. As to the Agricultural interest the matters chiefly re ferred to are highway-rates, county-rates, and poor rates. On the former subject a new Bill will be brought forward, which, it is to be hoped, will be more beneficial both in a financial and administrative point of view than the six abor tive attempts at legislation by which it has been pre ceded. In that also, as in the county-rates, the Right Honourable Gentleman appears disposed to permit an ex tension of the representativ e system, a matter which we have no doubt will be cordially appreciated by the rate payers. Although not prepared to recommend any change in that or the poor-rate at present, we can easily perceive " looming in the future," an important alteration, which will, and as we have considered most justly, transfer a considerable portion of their local charges to the Consolidated Fnnd. The poverty of a nation is justly and properly a charge on its prosperity, but there is no reason why it should be restricted to real property, or, why the owner of 100,0001. in the Three per Cents, should not contribute as much as the proprietor of an estate returning 3,000/. per annum. The reform—for it would be a great and most valuable reform— would equalise the burdens throughout the en tire kingdom, relieving those requiring assistance, and transferring th e we i ght to those who both could and ought to pay —would also abolish the expensive and worse than useless litigation occasioned by the law of settlement, and the system of passing the shuttlecock paupers from parish to parish and from union to union. The reduction of the Malt-tax to one-half its present amount, and the gradual diminution of the Tea Duties to one shilling per pound, will be received with unmitigated satisfaction. We have no doubt that the entire of the Malt-tax will ultimately be abolished ; for it mustiLe re membered, that the odious excise surveillance insist still be continued for one-half as well as the whole, and that while any charge is retained the poor man will be unable to make his own malt, and brew his own beer, and the virtual monopoly of the ale-kings and porter-potentates must continue in full force. The reduction in Tea• is, perhaps, too gradual. We have no doubt that the plan propounded by JOHN MACGREGOR, the able, consistent, and enlightened repre sentative for Glasgow, of an immediate change to ls. 9d., with an annual diminution of 3d. per pound, would have given more general satisfaction. With respect to the Income-tax, the subject is too important to enter on it at present. We have neither time nor space to bestow the consideration it so emi nently merits. We rejoice, however, to find that the distinction between fixed and permanent, and fluctuating and precarious revenue —or, in other words, between in come and property, is recognised. For that and the exten sion of the charge to Ireland we are truly grateful. But for the dreadful blunder respecting the House-tax—the set ting of town against country—as it was justly termed by Mr. HUME, we should hail the Budget with unmitigated satisfaction. But even with all its faults, it is far bette r than any that wa s ever o ff ere d b y the Whigs. The good points are brought out in the strongest point of view, while the omissions and errors are excused with consum mate skill. Mr. DISRAELI has by it achieved a position as a financier unsurpassed by any of his predecessors since the time of WILLIAM PITT. Sir CHARLES WOOD was the cause of a great proportion of the odium that fell ufion the RUSSELL Administration. The genius of Mr. DISRAELI, on the other hand, may possibly save his colleagues, and enable them to retain office for a considerable time—far beyond that of which they could have had any reasonable expectation. He is indeed, the Atlas on whose shoulders the burden mainly rests. SPIRIT OP THE PUBLIC JOURNALS. ( From the Times.) In the statement made last night by the Chancellor of the Exchequer, there is one point at least which will give general satisfaction, for if the proposition pass into law, it will be the fulfilment—the tardy fulfilment—of a great act of public justice. Mr. Disraeli has at length recogni?ed the principle that a distinction exists for fiscal purposes between income derived from transitory sources, and income which issues from realized property. The difference throughout has been as clear to the eye of common sense as the difference between capital and interest, or between property and income. The present rate of payment is to be retained for all kinds of fixed property, but on transitory incomes it is to be reduced one fourth. This we conceive to be the true principle—it is the one we have always advocated from the very morrow of the day on which the tax was reimposed by Sir Robert Peel. We next come to the chapter of exemptions. Hitherto, there have been two principal cases of exemption—namely, Ireland, and all incomes under 1501. First, with regard to Ireland,—why should Ireland be ex empted from the payment of this impost ? Sir R. Peel saw difficulties in the way of collecting an Irish income-tax, and imposed instead an additional spirit duty and an increased duty on stamps. The former he was soon compelled to re move as affording encouragement to smuggling, the latter has produced from all Ireland, in lieu of her proper contribution to the Imperial burdens, the magnificent sum of 16,000/. The calamities which have befallen Ireland have also prevented the redress of this glaring disproportion ; but, great as they have been, Ireland is now rapidly 'righting herself, and instead of complaining that a por tion of her property is now to be subjected to its fair share of taxation, we trust that the house and the country will assist on abolishing the exemptions which Mr. Disraeli is still inclined to make in favour of her landlords. According to his proposal, the land of Ireland is to remain exempt for the present, but Irish funded property and Irish salaries are no longer to maintain their unjustly favoured position. 1. A remission of one-half , of the malt-tax, and of the war duty on hops. Here is a substantial gain for the agrculturists of nearly three millions per annum. 2. A reduction of the duty on tea, from 2s. 4Ad. to ls. per lb. This is to take place gradually, in the course of the next six years. Were the tax to be lowered to this great extent at once, the great increase of the demand would ensure a sud den rise of price, and thus defraud the consumer of the benefit. 3. An alteration of the income tax in the following man ner : • 1( I. Incomes from trades and professions to pay only three- st fourths, or sfd. p er 20 5., i nstead of 7d. 2. The tax to descend as low as 1001. from industrial in comes, and 501. from realised property. 4. These alterations, with an increase in the navy estimates, s t would create a defici ency o f 2,500,0001. Against this Mr. Disraeli had to set a surplus income of 1,700,000/. and 400,0001. of exp ec t e d repayments—together 2,100,0001. He Stst r3quired theref ore some f urther " ways and means. " " And now," said he, turning to the free trade members, " I mean 6, to test you. You are in favour of direct taxation. You dislike taxes on articles of consumption, and must therefore 50 approve of the reductions, of the malt duty, duty on tea, and on hops. Now, will you enable me to • carry out these reducti ons b y suppor ti ng the only increase of taxation St. which I have to propose. The house tax is admitted to be, in principle, a goo d t ax. B u t i t i ncludes only houses of 201. 16 and upwards, and it is only 6d. in the pound on shops, and St. 9d. on private houses. I propose to include all houses of 101. and upwards, and t o ma k e it l s. on shops, and is. 6d on 20 private houses." This last point, the i ncrease of a tax, is, of course, the 2020 difficulty of the schem e , an d it i s here only that any serious 12i opposition need be apprehended But the consummate skill St. with which the plan i s f rame d is seen in this--that every class of persons must gain by the Budget ; and that the remissions cannot take place, ex ce pt th e increase of the house tax is St.so conceded. Let it be supposed, that a knot of householders get to gether, St. gether, to oppose this di sagreeable doubling of their house St. tax. But the following considerations must surely occur to them : 1. Any of the m w h o pay i ncome tax on their trades or 50 prfessions will obtain a reduction of one-fourth of that tax. 2. All of them will benefit by the reduction of the duties 12 ! on malt, hops, and tea. Thus it is clear that on a balance they must be gainers; 12 . . but if they oppose one part of the Chancellor of the Ex- 2g chequer's plan, they o pp ose th e whole; for the scheme must '' pass in its integrity, or not at all. • In like manner a man w ith a small salary, or with a poor l 6 501. a year in the funds, may be cliscontentec at the thought of being subjected t o th e l ocome-tax, or the holder of a 101. house may complai n o f h av i ng a house tax imposed on him. 12. 12: But let either of th ese coo l y reflect whether the mulct of 15s 12;st: or 30s per annum will no t b e much more than made up to St. 1 them by a reducti on o f b eer to 2d per pot, and of tea to 2s 6d per lb ? We cannot help, therefore, predicting the full 1 success of this B u d ge t. It ought to succeed, as we have just 161 20 ' said, because it is a Bud ge t b y which every man must gain more than h e l oses. We may also say, in a lower 50 sense, that it ought t o succeed, because never has there been '' in our days a financial scheme produced bearing such evident marks of skill, fo re th ought, and entire fairness, as that St. which was last ni g ht o ff ered to the House of Commons. 20. As a piece of s t a t esmansh i p, the plan of last night, and the s, " speech in which it was conveyed, would bear comparison —we might say, would s hi ne b y comparison with the best efforts iK '' of Sir Robert Peel. 8 We are compelled by the length to which our report 10 of the financial statement in the House of Commons extends, 25 to postpone until Monday several matters of interest. 10 LORD F RANKPORT.—Yesterday Lord Frankfort was 14)4 convicted in the Court of Queen's Bench, of having published a defamatory libel with intent t o d e f ame Lord Henry Lennox, St. and sentenced t o t we l ve months imprisonment in the Middle- 20 sex House o f C orrection. 121 THE EGYPTIAN STEAM FRIGATE TAID GIHADD leaves Southampton t o -d ay for Alexandria. She will convey out a sjj few passengers connected with the Oriental Company and Alexandria, by especial favour. She conveys out to the 31 Pasha four English mastiffs of immense size and strength. 2 t Crowds of persons have visited this magnificent frigate during her stay in Southampton docks. SINGULAR AND FATAL CAB ACClDENT.—Yesterday morning a remarkable accident caused the death of Mr. George Leadbitter, formerly a detective officer attached to Bow-street `lO cab,; Police -office. As M r . L ea dbitt er was proceeding home in a ~I -74 X cab, and had arri ve d a t th e j unct i on of Lower Grosvenor place with the Vi c t or i a - roa d , h e t h rust hi s head out of the 1 10 ;XX window to speak t o th e d r i ver, j us t as th e ve hi cle was on the'''' turn, and the weight of his body coinciding with the centri fugal tendency communicated to the cab in the act of winding ••• round the corner, threw the body of the vehicle off the wheels, and it f e ll o n th e un f or t una t e gentleman. He was at 20 once removed to St. George's Hospital, but was found to be , quite dead, and there is every reason to believe that ho was g o v killed on th e s p o t. „ 100 FRENCH INGENUITY IN ART.—We had yesterday the 10 0 opportunity of inspecting, with some minuteness, the produc tions in art-m anu f ac tu re w hi c h h ave b een f a b ricated in Paris so for the house o f Howell, James, and Co. Thes e ar ti c l es mani- 25 test an immense amount of tast e , an d are characterised by that happy tact of knowing how to make the most of a new idea, and the equally valuable faculty o f knowing when and 25 where to leave off, for which the continental art-workmen are lop so distinguished. The productions of thi s c l ass are almost 10 countless, and bear proof that at the p resent moment the em- 5 ployment of the hands and the minds of the Paris artizans is uninterrupted. It is further obvious that the possessors of this indust r i a l faculty have had i n v i ew the kindly influences 25 . of Christ mas an d the New Y ear — many of these exquisite re- 0 i sults of refinement being clearly intended as souvenirs of the 40 ennobling sympathies of of action 471db:we.— iiffninglierag . I We now come to th e secon d class of exemptions. Why St. should incomes less in amount than 1501. per annum be 50 spared, when all classes of the community are compelled to contribute indiscriminately by indirect taxation ? According to Mr. Disraeli's new mo difi cat i on, the tax will strike incomes 12 derived from per manen t sources as low as 50/. per annum ; in .„°, other cases it will only affect in comes o f 10 0/. per annum 101 and upwards. The i n t en ti on is still to exempt those w h o St. live by weekly wages, a t the same time that the small St. 20 landowner and fnndholder will be compelled to pay their 14 share. This is f a i r enoug h , for there really was no reason in 50 justice or common sense why owners of small properties 20 should not be c om p e ll e d t o pay upon their realised properties 11 as well as upon their tea and sugar. The case of the hired 10 servant stands upon different grounds. It should be added, moreover, that at a certain point the cost of col- 04 • lection would overtake the produce of the tax. There 20 can be no reason, except such as those we have just 10 stated, for the exemption of any great class of the com munity from . a scheme of direct taxation. There 50 is, however, one very special case. The clergy 40 have hitherto been placed for income-tax purposes 25 in the same schedule as landowners, although it is obvious 25 they only have a lif e -i n t erest in the income derived from their St. livings. Mr. Disraeli, considering this fact, and at the same 8 e time the very moderate pittance upon which the great bulk St. of the clergy subsist, has removed them to the more favoured St. class in his new scheme—that is to say, they will only be 50 taxed at the rate of 54d., in place of 7d. in the pound as now. 25 The species of property is no doubt of an abnormal character, 100 and the new arr angemen t may pass unchallenged on special St. grounds. 25 Such are the leading features of the new income tax 50 arrangement ; and, although we think that in fairness a 20 greater difference should have been established between the rates of taxation, still we give Mr. Disraeli credit for the St recognition of a sound principle, which, once introduced, will 111 render subsequent modifications easy. For many years the 51 red-tapists have denied either the justice of the distinction, S or the possibility of carrying it out in practice, if the prin ciple had been allowed. The Chancellor of the Exchequer 7 has admitted its justice, and is at least about to test the possibility of carrying it out. He deserves all com mendation for the course he has pursued, and we may con gratulate him upon it the more heartily that we have been long struggling to obtain the result—struggling as men will struggle when they know that the truth of the principle they advocate will one day or another be acknowledged. The thought strikes one over and over again, how easy it would have been for the Whigs to do all this, and to have gained a ' better hold on the respect and affection of the country. But no, the self-satisfaction of a coterie was too strong for the suggestions of sound policy or the dictates of justice. (From the Morning Herald.) 13 The speech of Mr. Disraeli, last evening, was truly an ex- 20 traordinary effort. For m ore th an f i ve hours did ho rivet the attention of a mo s t crow d e d house, and completed one of the 20 most comprehensive expositions of finance that Parliament '•• has ever heard; and, what is more, he left on the minds of pu most of his he arers th e i mpression of complete success—the ." l conviction this schem e , t a k en as a whole, showed such proofs St. so of skill as to make its entire realisation a matter of great 20 probability. Mr. Disraeli commenced by taking a careful review of the 20 three great interests--shipping, West Indian, and ag,ricultu ral—which felt themselves deeply injured by recent legisla -25 tion, and looked to him for redress. Ho examined the ca se o f the shipping interests at some 20 length, but was on ly a bl e to offer them relief from some light- 50 20 house duties, to the extent of 100,0001. per annum. The West Indi an gr i evances were next investigated; but 20 the principal boon that Mr. Di srae li could afford to them was 20 a permission to re fi ne sugar in bond—an advantage long 10 st. sought and highly valued. Next came the c a se o f th e agriculturists, and their peculiar 25 bur dens. The highway, county, and poor rates were re- St. viewed ; but th e Mi n i sters could not resolve upon touchi ng either of them. Up to this point the effect of the speech was rather dis appointing. But, to do justice to the speaker, it was neces sary St. sary to bear in m i n d , that he was addressing a free-trade House of Commons, and that he had pledged himself to fall St. in with the new sy s t em. Hence, to have Apposed " Protec tionist measures," would have looked like a breach of faith, and would probably h ave b een treated as such by Parliament. 20 His object, the re f ore, was, to do as much good as possible ; St. but in such a way as to compel the Free traders to fall in with 15 his proposels. We now come t o th e ma i n features of the Budget. These a; 6 i were : TIIE SIIA.RE MARKETS. BRITISH RAILWAYS. Paid' RAILWAYS. Closing Prices Baslness done this day. this Day. 100 Aberdeen ..... 84 Ambg . Noting. Bost & Eastn. June all Birmng. Wolverh. & Stour Valley... 28 Birkenhd. Lancsh. &, Cheshire Junct.. all Do. Chesh. & Birk., £5O & £25 Cons 184 Do., £2O 100 Bristol & Exeter 100 Caledonian. all Chester & Holyhead all Cork and Bandon 45 Dublin&BelfastJune all Dundee Perth &Aber deen Junction all Do. New . ..... all East Anglian (£25 L. & E. & L. & D.) all Do., (£lB E. & H.) all Eastern Counties all Eastern Union, Class A. late E. U. Sh 6 Do., do. all Do., B. dr C 1 100 East Lancashire . all East & West Ind. Dk. & Binning. June....', 100 Edinburgh & Glasgow 100 Ediub.Prth.&Dundee 100 Glasgow &S. Western 100 Great Northern Stk.. 1 100 Do., A. Stock ...... 100 Do., B. Stock all Great Southern and Western (Ireland) 100 Great Western .. ... 11 Irish South-Easterx all Lancaster & Carlisle 114 Do., Thirds ••1 100 Lancash. &Yorkshirei 15 Do., Fifths 114 Do., Wst. Riding Un all Leeds Northern all Liv.Crsby.&Southpt all London & Blackwell 3 Lond. Tilb. & Sthend. 100 Lond. Bright. &S. Cst. 100 London &N. Western 12 Do. Fifths 1 D0.,10/.5h.,M&8...0 100 London & S. Western 424 Do., £50........ ..... . 34 Do. £ 40.... ..... all Lndndrry.drColeraine all Lndndrry. & Ennisk. 100 Hanch.SheLdrLineln. 44 Do., Man. & Lin. Un. 100 Midland ........ 100 Do. Binning. drDerby 47 Ifidland G. West.(lr.) 17 Do. 4 Shares ...... all Newcastle & Carlisle 100 Newmarket 14 Newpt•Aberg.&Htfd 74 Newry & Enniskillen all Newry Warrenpoint & Rostrevoe 100 Norfolk.. all Do., New ........ 31 Northn. Counties Un 100 North British 13 North Devon, No.l 64 Do., No. 2... . ... .. all Do., A Deferred 5 Do., 4 B Guaranteed! 174 North Staffordshire all North Western 84 N. & S. West rn . Jnc 100 Oxford Worcester & Wolverhampton 100 Scottish Central 100 Scottish Midland 100 Shrewsbury & Birmg 100 Do., L. &N. Westn Guaranteed Stock 8 Shrewsby. & Herefd all Shrewsby. & Chester (Nor. W. Min.) all Do. Halves, do. 20 Do. Oswestry 64 Shropshire Union . ... Do., A.B.C.&D.f u ll y paid up at p. c. all South Devon. 100 South Ea5tern..... .... all South Wales 15 S. Yorksh. River Dula 5, Do ......... .. ....... 164 Stockton dr Hartlepl. 19 Thames Haven Dock and Railway__ 17 Vale of Neath... all Waterfd. & Kilkenny all Waterford&Limerick 13 West Cornwell all West London. 1 Woodford .. ... [OO York Newctl. & Berw 20 Do. Extensions. ___ 10 Do. G.N.E. Purchase) 100 York dr N. Midland PREFERENI 100 Aberdeen all Do. No. 2, 7 p. C .., 100 Bristol & Exeter 4p. cent. Stock .......... 5 Do. 4p. c. Shares .. 100 Caledonian £lO ..... all Chester & Holyheac Guar. 51 per cent... 24 Cork&Bandon 5i p.c. all Dundee Perth&Aber deen Junction ....... .. _ all EastA nglian (£3lox) 6 per cent........ all Do. (25) 7 per cent.. 2 Do. (£7l7s) 7p. et.. all Eastern Counties Ex tension, sp. c. No.l all Do., No. 2 all Do., New 6p. c. St.. all Eastern Union, Scrip Guar. 6 per cent.... all Do., £lO Deben. Sh. 100 EastLancash. 6 p.cts. all East&WestYorkshire Junction, Fifths..... all Edinb.Prth.d r D un d ee, 100 Glasgow &S.Westernl guar. 5 per cent. 100 Great Northn. sp. c. 1100 Do. sp. c., Redeem., at 10 p. c. prem all Gt. Southn. &Westn. (Ireland) Eighths... 6 Gt. Westn. (Berks & Hants Ex. 5 p. c.).. 100 Great Western, fixedl 41 per cent........... 6 Lancash. & Yorsh., F. £2O. 100 Do., 6p. c., Stock... 13 Leeds Northern, 6p. cent., No. 1 ......... 17 Do., No. 5 Do., No. 3............. 9 Do. , Quarters, 1848. 100 London and Brighton Guaranteed 5 p. c 100 Do. Pref., sp. c. St. all Do. Convertible, sp. c., 1852 100 Do. New Guar. 6 p.c. 100 Lon.& N.West•Cov. Nun., 5 p. c. Stock 5 London &S. Western Con. Thirds. . ... 10 Londonderry& Coler. Shares. ......... all Londndry.& Ennisk Shares all Manch. ,Shef., & Lin., Shares, No. a ll Do. New, £lO 3 Do., £6. all Marypt. &Carl. 4p. c. a n Do. 44 per cent 5iD0........ 1:10 Mid. Consol. 6p. c. St. .00 Do. Consol. Bristol & Birm. 6 per cent.... 5 Do. Pref. 4i per cent. all Norfolk Extension... all Do. Guar. 5a per et.. all Do. Waveney Valley 5 per cent .03 North British .. all North Staffordshire 100 Oxford Worcester & Wolverh. £15,6p. c 6 Do all Shrewsbury & Birm New Guaranteed all Shrewsby. & Chester (Nor. W. Min),B p. c. 10 Do. 5 per cent .• ...... all South Devon .......... 14 Do. New .... . . .... all S. Eastern (Reading, Ann.,) of £1 08.6 d. 100 Do. 4i per cent...,,,, all S.Yorksh.4p. c. Guar. all Stock. & Hartl. Guar. sp. c. till 1 Ju1y,1856 3 Waterfd. &Kilk. 6p. c. 1100 York Newcastle and Berwick, 4 p.c.Pref. 5 D 0 ... —.. 10 York& NlMidlan.d.ll & S. Purch... all Australasia all British N. American 25 Colonial 20 Commercial of Lon don 4 English Sottish and Australian 23 Lond. Chart. Bk. o Australia 20 London and County 10 London Joint Stock 20 Lond. & Westminster 36 National Prov. of Eng. 10 Do. New 22IINational of Ireland. all Oriental Bank of Corporation 5 Do. New 25 Provincial of Ireland all Do. New 1 Royal Australn.Bkg & Gold Importing Company all Union of Australia Do. New 10 Union of London all Union of Madrid..,, 6 i . = :: . • - ... '• ....... et, JOINT-STOCK BANKS. ... -- . 4} - .... - .. , . -.• ... 33 - 34 6 - 104 -10 i 61 64 d 21 22 3 26 d 109 111 67! 68 24, 25} 18 2 19 - 2 1d 9 - 10 4$ 6i 4 -- 6# 138 --13$ 101 -10 i i -- 80 - 79 57 59 79 - 81 30 - 32 60 - 62 85 - 87 47 - 49 .22 - 123 ►lO7 -- 108 961 -- --977 7 i 87 -- 89 11 -- 12' 87 -- 87 31 -- 3 d 2 -- 2d 184 - 194 1083 - 1284 - 94i- 13 13 21 22 32 321 3i 3 d 81 811 47 49 52 -- 54 3i -- 2 i al 3 --3 52 --54 7 -- 71 3 -- 2i -42 i 6$ -- 6i dj - - 4 —3 d l d 34 p 54 55 94 98 67 69 67 69 75 77 li-. id 20 21 10 —10 i 15 16 3 n d 24 -- 25 814 -- -- 81 40i 4l 14 -- 15 4i -- 5 9 1 - 21 12 - 134 9 - 10 27 - 28 - 101 75A - - 2g qd 62i - 63 SHARES, 24 7. 5 811 2i l; 13A 27a 8 76 i 5i 63 2i 34 107 -. 109 104 - 106 19 19, id it] 6 -6, -3! 3. 4 p lfi - 1 2 1 p 14i -, 15 - 18, ••• ".-.. .., 3 -3, L 27 - 129 .12 - 114 9 - w -1 toss a-- 110 i par— p .52 155 • - P -- ... -- •.. 3i - 4 p N si 13 i -- 13 9h- 10; 11 - - 11: - - f) P par—i p 15 0 - 151 i 23_ -23 i f - 103 - 104 25 - 2G 28 ---- 2.1 -"pi 114 - ii 17 18 17 18 par p - 26 331 i 3 10 168 7/ 8748 7, MONEY AND COMMERCIAL NEWS. Yesterday afternoon Bills of Exchange were nego tiated at lower rates upon the principal Continental cities. Paris, 90 days, was taken at 25 : 371 to 40 ; Amsterdam, 11 :18 to 18f ' • Hamburgh, 13 :6 to ; Frankfort, 1191 to 120 ; and Trieste, 11 : 39 to 42. The amount of gold exported from London direct, during the week to Thursday last, was 6,780 ounces, all to Belgium and Hambro, and of silver coin 3,700 ounces to Boulogne. The Biidget excites much discussion in the City, but upon the whole is well received. The English Stock Market has been very firm, and there is rather more doing. Consols have brought 1011 toe for transfer and account and are now 101/ to I. Bank Stock is firm at 222, and India Stock at 277. South Sea Stock is worth MI. East India Bonds have been 80s. to 83s. premium. The New 31 per Cents. re 103 i to 1. Foreign Stocks have been without material change. Spanish 3 per Cents, have been marked 511 to 1. The Deferred are 241 to I. Mexican b r i ng 241 to 25, and Grenad a D eferred 121 to 134. Peruvian Deferred have improved to 65 and 651. Portugese 4 per Cents. have been marked 384. The Swedish Loan is at 14 to 11 discount, and the Turkish at 11 1 premium. Dutch 4 per Cents, are 98f. Railway Shares have improved 4 to 1 per Cent. The French lines are very dull. Gold Mines are cheaper, and with less doing. BRITISH FinstoS THIS DAY. (From the Official Lid.) 3 Ba p n e k r Cent. Stock .." Reduced-. Business done. i i o o i o 4, i shut o , ~ '277 . . in . n .. u .. i .. ti . e . s . ............ ::::::::: 222 3 per Cent. Consols Annuities.. ..... .••••••••• 4 .. 103 i 4 i New 34 per Cent. Annuities l u n d d i i a a ß S o to n e d ic s, ..... ......................................................... Ditto, under 21006 ................... ~7'' South Sea Stock /IA ECoxneshoelgsufeorrßiAllescoluin:;t.... : ......... : :.. :.. ... . m ... ai . :e . 2 Oli i i June. £lOOO.. PRICE OF FOREIGN FUNDS THIS DAY. Brazilian Bonds, 5 per Cent. • Ditto Small . . ........... ... Ditto 43 per Cent . ........ ......... . Grenada Bonds, 14 p er d en i ... Ditto New Deferred, 3 per Cent Peruvian Deferred 3 per Cent Portuguese 4 per Cent. Spanish Bonds, 3 per Cent Ditto Deferred, 3 per Cent. Swedish Loan . Turkish Loan, 6 per Cent., 1852 Belgian Bonds, 43 , per Cent. Ex. 25fr Dutch Exchange 24 per Cent Ditto for the Account 67 Ditto 4 per Cent. Certificates 9Bl i TWO O'CLOCK. Consols ....................................... 101 i Ditto January Account . 102 . 97i 8 . 13A 1 5 4 134 65 .. 38.1 24 .. 51 d le g p . 98 CITY, Two O'CLOCK. The sales of cotton at Liverpool yesterday were esti mated at 6,000 bales, of which 1,000 were taken for ex port and on speculation. The market was steady, but tame. Railway shares were dull, and prices were The following account of the wine-trade is furnished by Messrs. Walter Howell and Hall : " In the market there are no foreign wines to be pur chased under from 221. to 23/ and these are very young. The important alteration by the Portuguese Government in the classification of wines for export and in the export duties are thus clearly and ably communicated to us by our esteemed correspondent, and which we have the plea sure to hand you for your information : " By a Royal Decree, promulgated on the 11th October, 1852, the laws which hitherto regulated the classification of these Wines, and which, in their unjust and prohibitive operation, were the cau se o f so much dissatisfaction, have been most wisely repealed. Some restrictions, deemed necessary in the present state of things, still remain, but it is to be hoped that the noble example set by England, in its adoption and encouragement of the principles of Free Trade, will, as those principles become more dev e l ope d , be speedily followed by every other nation. " The Government, therefore, keeping in view the fact, that, owing to the high duties on wines in England, the consumption is limited, chiefly to the higher classes, to whom quality, rather than price, is the desideratu m ; an d being desirous to pr eserve in the shipment of our wines that fine quality and high character which they have ac quired, and for centuries maintained in almost every part of the world, more especially in England ; provision has been made for the appointment of a commission, consisting of two wine merchants and two wine-growers, who are to be elected by the bodies whose interest s th ey respectively represent, an d pres id e d over b y th e director of the Custom House of Oporto. " The functions of this commission will consist in regu lating all matters appertainin g to the agriculture and com merce of the wines of the Alto Douro, and in selecting from the best wines produced within the district' (cox taining the finest vineyards of the AltoDouro)the quantity necessary for exportation to all parts of the world. The export duty is also equalised ; and wines henceforward to be shipped to Europe will be relieved of that impost to the extent of 21. 14s. Per pipe, subject, by another decree of the same date, t o a tax of 500 re i s, o f 2 s. 3d. sterling per pipe, to b e l ev i e d on all wines en tering Oporto and Vill a Nova • and with a vi ew of procuring the cons umpt i on of the inferior wines, th e proceeds of this latter t ax, guarantee d by Government not to amount to less than 6,650/., are to be granted in the shape of a bounty to any company or individual who shall undertake to ship not less than 1,000 pipes of brandy, made of the wines of the Alto Douro. Should such ship ment not be undertaken by a company or by an individual, the fund to be distributed as follows :-41. 10s. per pipe of Portuguese spirit, 61. 10s. per pipe of brandy, for every pipe of such spirit that shall be shipped to foreign coun tries, or to Portuguese possessions ; and the remainder, if any, to be applied to the repair of (roads for the transit of wine." lower - 20 id ipm- LO2 -104 5i - 51 50 50 50 25 St. St. St. St. MIN. Agua Fria Anglo Californian Australasian Australian Australian Cordillera Australian Freehold. Ave Maria . Baden (Gd. Duchy of) British Austrin. Gold British 1r0n..,,,,,,,,, Brazilianlmp. (issued at £5 pm,,,,,,,,,,,,, Do. Cocaes & Cuiada Do. St. John Del Rey Carsons's Creek. Cobre Copper Colonial Gold Copiapo English and Austin Copper Smeltg. Co General Golden Mountain Great Polgooth Lake Bathurst....., Liberty Lond. &Californ. Gold Quartz Crush. Co Mariquita Mexican&S.Americn. New Granada Nouveau Monde Port Philip Quartz Rock Rhymme Iron Santiago de Cuba South Australian.., Tin Croft ........... United Mexican West Mariposa Yuba a P P 3i - 4 P 4 -5 1 d par d par X 1 -- p i l l ; 7 8 4 —5 2 —3 301 -- 31 ad— IP 43 44 24 - 2i P 7 - 7,4 id par 1 1 P d , par 1 141 1 g d 4 - P 4. 5 P 1} P —1 P i o d --2 A I P 2 12 13 - 11 —1 2 P 8 - 94 - 1 p P 1.13 1 u THE FRENCH EM?O' Toileri:Dr%; The Emperor reached the palace of the quarter past one o'clock on Thursday, amidst ast,. ° oo 4 acclamations. Besides the members of the i 4,0 family, the Emir Abd-el-Kader occupied one 131 ," be dows, and testified by his gestures how pleas vu to witness the triumphant arrival of the After passing the troops stationed on the Pla ce he rousal in revie w , hi s M a j esty ascended to tje4 apartment, and appeared at the balcony, surrat l r ellf, the Imperial f am il y. F resh cries of " Vive Afi' " Vive la F am ill e I mp 4 r i ale 1 " were then hear' spe'r'l his Majesty had withdrawn, the crowd began t ° cli At a quarter after two o'clock M. de rers i g n 'P Minister of the Interior, in the grand costunle:o l 0 office, went on ho rse b ac k to the Place de la ,„ eci a and in the mid s t o f th e b attalions of Nations' pro% drawn up th ere , rea d t h e Pl4biscite which had te-e/ mitted to the nati on , an d th en formerly proelaZin Empire. Lo u d cr i es o f "Vi ve l ' Emporeur National Guard followed. „„0" As soon as the day c l ose d, illuminations OP in nearly all the principal quarters of Paris. COURT CIRCULAR. OSBORNE, Her Majesty and his Royal Highness Prince • N companied by the P r i nce o f L e i ningen, the Prin O the sr and Princes s Ch ar l o tt e of Belgium, attended by oet chioness of Ely and the Hon. Colonel Grey, dr°c an open carriage yesterday afternoon. Lord How ar d d e Walden, Sir J. H. Maxwell, ° jo l Stanley Carr h a d interviews yesterday with Su kington at the Colonial-office. Mr. Moor (Melbow" also an interview with the Right Hon. Baronet. of Dispatches were yesterday sent to the Governor. of Canada from the Colonial -office. MARKET NEW, D') COVENT GARDEN. Large supplies of fruit were on show 0 4 ' 5 '3 demand, however, ru l e d s t ea d y at full prices. loel" freely at late rates. The imports from abroad Ill' ceased. FRUIT.—Pine apples 3s 6d to 6s Od ; hot-howr e :o: 4 • 2s 6d ; Hambro ditt o , is to is 6d p er lb ; apples; 4s 6d to 7's 6d ; cookin g ditto, 3s t o 6 s per bushel o , r 4 4s to 8s per half sieve ; lem ons , i s t o 2s Od • ne w 0 9d to is 6d per dozen ; filberts, 10d. to is per ' lb; co 755. 755. to 80s per 1001bs. a 01 1 ,6 V EGETABLES. — Cabbages, 8d to is; Brusse ls .V 4 is 6d to 2s 6d per half sieve ; greens, is 3d to 45 t,sV o , dozen bunches • cauliflowers, 8d to 2s per dozen; P ; 855 to 120 s per ton ; turnips, 2s to 2 6d ; carrots, uint` P ; 4s per do zen b unc h es ; celery, 8d to is 3d 12er4.0"2g,c spinach, is to 2 s p er h a lf s i eve ; onions, is no. 0 0 `Ji half sieve ; leeks, id to 2d per bunch ; shallots, o' - ` • or, garlic 6d to 8d p er lb ; en di ve, is to is e a l per snorVe' salad 2d per p unne t ; h orseradish, is to 4s per •• parsley, 2s to 3s per dozen bunches. BREAD. f , The prices of wheate n b rea d i n the metropolis re 60. to 7d; of household ditto, 5d to 6d per 41b loaf NEWGATE AND LEADENHALL. p t i4,j Geese, 3s 6d t o 6 s Od ; T ur k eys, 3s to 7s each ;,` •tio, is 6d to 2s 6d; t ame R a bbi ts, 12d to is 6d; wild (~, to ls; Pig eons , 4d t o 8d each; roasting Pigs, 48 vu each; Surrey Fowls, 4s Od to 8s Od; ditto Chiekeio , to 4s Od; barn-door Fowls, 2s 6d to 5s Od per T i f Pheasants, 3s Od to 4s Od ; P ar t r id ges, is Od to is 6d; . " , ,/)L, 2s 3d to 2s 9d ; L evere t s, 2 e Od to 3s Od; WoodcockB' to 3s Od; Grouse, 2s Od to 2s 6d; Snipes, 9d to 15 ; gil t :, 6d to 10d; wild Ducks, is 3d to is 9d ; Widgeon, , Oa r is 3d; and Pl overs , 4d to 9d each. English Eggs, 12s Od; French ditto, 8s Gd to 9s 6d per 120; fresh 10d to le ld per lb. NEWPORT. Beef, from 2s 6d to 3s 6d; Mutton, 33 Od to 411 2d ; 3s 4d to 43 2d; Pork, 33 2d to 4s Od per Blbs. - WHITECHAPEL. Beef from 2 3 2d t o 3 s 6d ; Mutton, 2s 8d to (°; Veal, 2s 8d to its ; Pork, 2s 6d to 4s per 8 lbs. BILLINGSGATE. 'JP Cocl /1 6' 1 Turbots, 3s 6d to 8s Od ; Brills, is 6d 5s Od; - e ls, i i 2s 6d to 7s Od each; Soles, 6d to 2s 3d per pair ; i0 io t ; ' to 10d per lb ; Lobsters, 8d to 28 Od ; Crabs, egiJ to 1° to Whitings, 2s 6d to 5s Od per dozen ; Haddocks, *u r4,0 0 ,..f" Doreys, 2s Od to 6s Od; Mullets, Od to Os each ; ,roar,, Oysters, Bs. Od to 16s Od; Natives, 34s Od to 3 ' 5 do": bushel; Mack ere l, 10d each; Smelts, is Od per gall Scate, 4d to 7cl per lb; Shrimp s , is to 2s 3d Pe r ,. V Bloaters, is ld t o is 4cl per dozen; Fre s h Herrinto to 2s per dozen. HIDES AND SKINS. Market hides, 561 b t o 641 b, li d to 2d; 641 b to T2119' 4 , to 2id; 721 b to 801 b, 24d t o 24 d; 801 b to B.Blb, ( 23 " fit' r " 881 b to 961 b, 3d to 3ad; 961 b to 1041 b, 3ad to VI; , hides, 5s 6d t o 6 s Od ; ca lf s ki ns, li ght, is Od to 2s uti , t sn , full, 3s 6d to 5s Od; polled sheep, 6s 3d to 8s Od; K half-breds, 58 4d to 6 s 4d ; D owns, 3 8 10d to 4s 9a• HAY MARKETS. e ° A.., vel' . , SMITHFIELD.—Meadow hay, 2/ 15 s to 4/ ‘,..., jot) ditto, 3/ 15s to 5/ O s ; an d s t raw, 1/ 4s to 11 us 13' Trade steady, at full prices. c1°1,,,,f ,j, CUMBERLAND.—Meadow. hay, 2/ 16 s to 4/ 0a;,... V ditto, 3/ 15s to 4/ 17 s ; an d s t raw, 1/ 5s to 1/ 12s P" A fair avarag e s u pply, an d a fi rm demand. . elti`'` .l' WHITECHAPEL. —Meadow h a y, 2/ 15 s to 4 / 00 %.I.oj, ditto, 3/ 15s to 5/ O s ; an d s t raw, 1/ 53 to 1/ 10s P e' Supply good, and trade dull. 13W, 0 1 ELECTION INTELLIGENCE.- —Th e po lli ng o f St. Edmund's election took place yesterday, an d at it s . a liotl it was announced that Mr. H. P. Oakes, the Minister l e iglP had beaten Mr. Hardcastle, the Liberal candidate, 1) 1 10 01 votes. ,The declar a ti on o f th e poll at the Oldham "Dove' e, took place ye s t er d ay , w h en a formal protest was " D o against the return of M r . W. J. F ox. Yesterday the re nation of candidates to fill th e vacancy occasioned by presentation of Peterborough by the death of th e , r Richard Watson shortly aft er hi s election in the suu'Lepre. this year, took place in th e T own-hall of that city, in lvrga Bence of Mr. H. P. Gates, the deputy high bailiff, an u ct - eorr number of the inhabita n t s. T he candidates were Mr. 4"'" the Cornewall Lewis, who fill e d t h e office of Secretary t° , Treasury in the late Government of Lord J o hn R u ssell , fir , represented Herefordshire in the last Parliament; an d t itbo George Hammond Whalley, a barrister and assistant tk commissioner. They both st an d on th e Lib eral intereeet. wee poll was demanded after the show of hands had been d° in favour of Mr. Whalley. f gti DESTRUCTION OF A TURPENTINE DISTILLERY. ,„ I .o` night, between six and se ven , a fi re b roke out and defwv-iiite the premises of Messrs. T. G race, F reeman, and Co., 'oo' lead manufacturers, and turpentine distillers, at Th 3 bank, Pimlico. 000 REPRESENTATION OF DUBLIN ITNIVERSITT.--.„j e ft are rumours that the Iri s h Att orney -G enera l, Mr. I'4 will shortly be provided with a seat upon the Bent;ro' the room of one of the pr esen t j u d ges , who i s about .3,011 tire upon a superannuati on . I n th e e xpectation o f a va'foril in the representation o f th e U n iversity of D u blin, al vß Naas, the chief secretary, has been engaged in eanv 6 l 3 o' the electors ; and it is stated that Mr. M.artley, ported by a considerable interest in the University is also a candidate. [ADVERTISEMENT.] —HOLLOWAY'S PILLS f or vt I th jet eir matio Pains and the Tic Doloreux.---Mrs. H arr O'Donnell, a lady of fortune, residing in Union - st r eet, Plymouth, states, in a letter to Professor Iliollowl; dated Nov. 10th, 1852 , that she was afflicted, for ne at' five years, with frequent attack s o f tic-dolorewr am rheumatic pains. Medical aid had no effect wh at f in alleviating her sufferings. The att ac k s l e ft her weak and debilitated condition, and her bodily h e s h e was very much impaired. In this deplorable s tate . 0 , was induced to try Holloway's Pills, and, by perseveri_ in their use, the pains becam e gra d ua ll y d i minis hed, ,11 a ultimately she was res t ore d to perfect health ! n O ,. strength.—Sold by a ll Druggists, and at Pro Holloway's Establishment, 244, Strand, London. . BIRTHS. OF A SON. • Of On the 27th u lt. a t Lamalg-ue, near Toulon, the I,lf General the Right Hon. Sir Frederick Adam, G.C.B. OF A DAUGHTER. On the 2d inst., at 39, Lowndes-street, Lady Froderi° Kerr. ARRIED. On the 2d in s t. at St. M James's-church, Piccadilb Vi • 1 ' ,_„ 1 . 0 , Ford, E sq ., to Mary' Ann, youngest daughter of R. l"' Esq., of Thames-street. _____.----------"' DEAD. At Birmingham, of bronchitis F. W. N. Boyle)", 6161. ' deeply lamented. I, n On the 2d a inst., at Brompton, Capt. C. J. G.Cormie,lo'e 69th Regiment, fourth son of the late Sir Thos. Gibs° Carmichael, Bart. LONDON : Printed and Published by MURDO yotrsP2: 11 of No. 112, Strand, Printer, at The Su n Office, No. ~€ Strand, in the Precinct of the Savoy, in the countf 40' Middlesex, Saturday, December 4, 1852. 123 2 97i si 7i 7j NI 8 " 194 4 18i 2 9f i 109 1 4 109 129 4iP 1291 811 9 2i p 051 95i 5 2id 2 d 814 8O 1 424 I 2 54" 96 5 69i 8 67 1i 14 15 17A 1174 11i - i 72 a 3 all 13.5 243 1 4 II 1 ig 1 ii 3I it ig 1 2g 1 . 14I ?E IS IlEl and DOVE Qs l llets, No 2 —Os for the 6 'London. ke 17th 3 OAT' tte rE , 1 852.-1 ttlPleinents, ' 7 erling, 7 t h , and kaker.str, ce, rINT -41 1 IT v ,. of CIIA 4 .i.;• The c ' L i eeadtily, t " er, Who iliel kO ve °l t i h el b r Tana Kindebri i,:!!ll default th Vit of the said 1 r 15 3% the I! St the said C t 44eet the Clain t his 30th cia3 G EO. 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