The Sun. — London, England, 1870-03-30 00:00:00

THE MONEY MARKET AND COMMERCIAL INTELLIGENCE. CITY, Two o'CLocic. The busk ess in the Stock Exchange to-day was contracted owing to the settlement being in progress. Consols are steady at their quotations, and there appears every prospect of an improvement in the demand. In the Foreign Market there has been an improvement in Turkish, but Spanish has been de pressed. In the Railway Market the demand has improved, but in Telegraph Shares there is not much doing. The demand for money is moderate, the rate in the open market being 2i to 3 per cent. The market commenced quiet for all kinds of grain, and was rather firm. Consols are now at 93a to 931 for money ; ditto, account, 931; Three per Cent. Reduced, 91k 2 ; New Three per Cents., 91k 2 ; Bank of England Stock, 44 per cent., 236 ex div. for opening. Exchequer Bills £l,OOO, 2; per cent., March, prem. ; ditto £lOO, £3OO, and £5OO, June, 1 prem. India -Stock, 10} per cent., April, 1874, —; ditto 5 per cent., July, 1880, ink 13 f ; ditto 4 per cent:, Oct., 1888,1004 100 ; do. Enlaced Paper, 5 per cent., 1031; ditto Debentures, 1031; Corpo ration of London, 44 per cent., 1886, 1008 ; Metro politan Board of Works, 38 per cent. Stock, 931. In the Foreign Market Turkish Bonds are better. The Five per Cent. Loan of 1865 is now 47 to 47i ; and the paid-up Scrip, 63; to 64. Egyptian (1868) Loan, 811 to 811. Italian is 551 to 551. Spanish Bonds are lower—viz., 271 to 271 ; and the 1869 Bonds, 27f to 271. " In 'the Railway Market the prices are now as follows • —Caledonian, 78 to 781; Great Eastern, 37a to 371; Great Northern (A), 1171 to 118; Great Western, 671 to 671 ; Lancashire and York shire, ..126 to 1261 ; London and Brighton, 421 to 431; London, Chatham, and Dover, 14i to 151 ; London and North Western, 122! to 1231; Metro politan, 78/ to 781 ; Midland, 1238 to 1231; South Eastern, 73! to 741; and tiouth Eastern Preferred, 1091 to 109!. American Five-Twenty Bonds have advanced, and are now 90i, and Erie Shares are 211 to 211. Anglo-American Telegraph Shares are 17 to 171 ; French Cable, 151 to 158 ; British Indian, 11 to 111; China Submarine, 2to 1/ dis ; Falmouth, 81 to 9 ; and Construction and Maintenance 35 to 354. In Bank Shares, London and Westminster are marked 59 to 60 ; London and County, 47} to 48f ; London Joint Stock, 32 to 33 ; Union of London, 36k to 37k; Alliance, 13 to 14 ; Anglo-Austrian, 18 to 20 prem ; and Agra (A) to 184. In Miscellaneous Shares Credit Foncier are quoted 2 13-16 to 2 15-16 ; General Credit, 1 dis to par ; International Financial, 11 to 11 dis.; Hudson's Bay Company, 121 to 12; ; London General Omnibus Company, 2 7-16 to 2 9-16 ; National Discount, 11 to 111; and Royal Mail Steam, 55 to 56. The Manchester markets this week have opened With a steady tone. The Board of Trade returns for the past month purport to show an increase of £970,353, or rather more than 7 per cent., in the declared value of our exportations, as compared with the corresponding month of last year. Contrasted with February, 1868 (when there were 29 days in the month), they show an increase of £114,000, or not quite 1 per cent. A joint-stock undertaking has just been established at Berlin, under the title of the « German Bank," with a capital . of 5,000,000 thalers, in shares of 200 thalers; and power to increase to 20,000,000 thalers. The articles of association were approved by the King of Prussia on the 10th instant, and a general meeting of the promoters was held ou the 21st inst., when 24 directors were appointed, with Baron Magnus as president, and it was resolved to offer to the public 2,000,000 thalers out of the .5,000,000 Which had already been subscribed by the promoters. The bank is authorised to establsh agencies at home and abroad. A prospectus has been issued of the Netherlands Steamship Company, with a , capital of 6,000,000 florins, iu shares of 1,000 florins each (3,500,000 florins to be first issued), for performing the steam service between the Netherlands and their East India colonies through the Suez Canal, under con tract with the Dutch Government. The Board .of DireCtion is constituted at Amsterdam, with the brother of the King of Holland as honorary chairman. A telegram received by the Ottothan (Smyrna to 4 iden)Railway states :—" Iradeh granted for £95,000; Finance Minister pays at once." The following is from the Don Pedro (Brazilian) Gold Mining Company Gold weighed to the lst of March, 7,231 oitavas. Estimate for February, MOO oitavas. No. 6 disordered and very poor." fortnight back a Committee of the House of C ommons decided, in the case of the Blackburn Co rporation, in favour of irrigation as the proper 41 °cle of disposing of the sewage of the town, and Yesterday another Committee of the House de cided in favour of the same system in the case of Reading, In each instance the proposal was vio teutlY opposed, and hence the advocates of the sys especially congratulate themselves on the re- According to the Mining Journal, the largest ship- meats of pig-iron ever known in the history of the " 3 cotch pig-iron trade were made last week. The total quantity was 20,005 tons, of which 13,100 were for foreign ports. BRITISH FUNDS—CLOSING PRICES. , • 8 GOVERNMENT FUNDS. 93f Per C ent. Consols .... 931 1 N Di tto for . Account eer Cent, Reduced 9lf 2 91i 2 Nr 'W 3 per Cent - ' 15 1 .1V 21. per Cent. Jan. 1894 A 'lo ' 5 per Cen Jan. 1873 —lnuities, SO yre, expire sth Jan., 1880 — Do. for 30 yrs, expire sth April 1885 — o. (Red Sea Televaph), Aug., 1908 ,Q, lloqu'2,. Rills, £l,OOO, 24 p. Ct. — D o Do. 24 do. Jun e — & 8a £lOO, £ZOO£5OO 1 P D rr of England St o ck, 4 4 p e r Cent u,o • pening 236 xd , %nada 4 per Cent. Bonds 14ter-Colonial Cranium IN DIAN GOVERNMENT SECURITIES. India Stock, 104 per Cent., April 1874 — Du. Opening, for Account DO . O per Cent. July, It 80 -!;-! ‘ o. pet- Cent. Oct. 1888 .-,,)). Enfaced Pape. 4 per Cent.. ....• D,. ). 5 per Cert., Jan. 1872 .... .-). 51 per Cent. May 1879 — " 0 . 5 DET Cent., Rnp. Deb. 1872... — D ) do 18' — ... s. . Do. do. 1882 -u •. Deb., 5 per Cent. Aug. 1873 ..... Do. Bonds. 4 per Cent., £l,OOO Do. under £l.OOO Pm FOREIGN FUNDS—CLOSING PRICES.JI Argentine Republic, 6 per 0011% Do Ace , siint Austrian -- Do. 1859 ....... Bonds 6 p er cent .... Brazilian frper Cent ... .. ....... . . l c ,. 44 per Cent. 185 . 2 .................... . Do. do 1858.... 1)0, Co 1860 .... .......... Do. do., 1863 .... .............. Do. 5 per Cent., 1865 ti o. Account B uenos Ayres 6 per Cent. .. ........ . _ n Do 2 per Cent. (Deferred 3 per Cent.... ~,1 14e 6 per Cent. %-j4.lian:6 pbr Cent . 764 ~e. 44 per Cent..., 4- ' O . 3 per Cent., Do' 7 per Cent., 1866 ..._ 0 ID , °. 6 pot cent. 1867 _ ID ze'riblan, 6 per Cent. _ b t uaish, 3 per Cent., 1825........ 87 8 4.,l,lftbian Principalities, 7 ler Cent 4-1:;00 Account - _ per Cent, 1867 teetdor 1 4 , New Consolidated, 1 per Cent 7 _ P " 'ecoliti lesue we/ THE SUN, LONDON, WEDNESDAY EVENING, MARCH 30, V;7O. Do. .£so‘ Bonds — Do. 1864 Do. Account Do. £5OO Bonds Do. AlOO bonds Do. 7 per Cent., 1868 .... Do. Account . ... _ Do. £lOO 80n'5.... ••• Government Railway Debentures ... areeir sper Cent., 1824 5, ex Coups Do. Coupons Guatemala 6 per Cent .. Honduras Gov Rail. Loan., 10p. Ct., all pd ... 84 4 Do. Acc.unt ltsHan 5 pe: Cent., 1865 — Do. Account . - - Do Maremmana Railway ... vlexican 3 per Cent : ••• Ditto for Account Dn. 1864 Do 8 ner Cent. Anglo-Frencl — M ntn. ideal' 6 per Cent v ocrish Imperial 5 par Cent New Granada 264 Do 3 per Cen — Do. Deferred Do Land Warrants (Hectares) ....... — Peruvian 5 per Cent. 1865 Do Account ••• - Do 41 per Cent. (Ui:')arren) Do 41 per Cent.. 1862 . -- Port sguese 3 per Ct., 1853, '6, 7, 9,'60,'2.':- ... 334 Do. do. 1867 — Do. do. Scrip, £2O paid ... Russian 5 e ar Cent., 1822, £ St Do 4} per Cent 1850 Do 44 per Cent., 1860 Do 3 per Cent., 1859 Do 5 per Cent~ 1862 Do. Anglo-Dutch, 1864, £lOO Bond Do. du. £B4 15s. d 0...... Do.. 1866, £lOO Bonds 944 Do. do £B4 15s. do — Do Nicolas Railway 694 Sardinian 5 per Cent — Sp wish 3 per Cen . Do. Account ..., Do. 1867 Do. Account Do. New Deferrea 274 Do. Passive Do. Com. Cert. of Coup. not funded — Do. Account Swedish Provincial Mortgage Loan —• Do Government, 1864 — Do dc, 1868 Turkish 6 per Cent — Do AccoUnt Do 6 per Cent. 1858 ••• •• Do Account Do .‘IOC Bonds — Do 6 per Cent., 1862 Do. Account — Do 1100 Bonds Do. 5 percent. 1865 46. 7-1 . Do. Account .. Do 6 per Cent.,.1860 7Ol Do Account Do 4 por Cent., Guaranteed ••• Do do, Scrip Venezuela 3 per Cent. — Do 6 per Cent. 1864 — Do 6 per CAnt..1862 Dividends on the above payable in London. Austrian o par Cent -.Ex 10 Florin. ... .. Belgian 4i per cent., Ex. 25f. Dutch Belgian, per °Ant. Ex. 12 Guil — Do. 4 per Cent. Certificates .... French Routes, 3 per Cent., Ex. 25f. — Milian 5 per (lent. 1851, Ex. 25f Do Account —. CLOSING PRICES. Consols Money " 3 l. Do. Account, April 7 931 POLICE INTELLIGENCE-(THIS DAY). MARLBORO UG H-S MEET. James Pretty, Henry Britten, and Samuel Peters, wire workers, were charged before Tyrwhitt with assaulting Mr. Samuel Pond, of the Bromley Arms, Cleveland-street, and Edward Rogers, Robert Parker, and Win. Banks, Mr. Pond's barmen. The prisoners were in the house of Mr. 'Pond yesterday afternoon, and had some beer, and wanted more, but Mr. Pond, considering they had had enough, refused to let them have any more, upon which they created a great disturbance, and were put out. They re turned to the house, and along with some of their companions assaultei Mr. Pond and his barmen (Britten kicking Mr. Pond on the kg), and created quite a riot. Tbe magistrate fined 13d:ten £5, and the other two 10s. each. SHARE LIST. RAILWAYS-ORDINARY SHARES AND STOCKS Closing Business Paid. Name. Quotations, done. St Bristol and Exeter lOO 77 79 St Caledonian 100 771 78 774 St Cambrian lOO 15 20 20 Cornwall all 21 31 St Dublin and Belfast Juuclion 100 • . St Dun, Prth, and Aber. June 100 70 72 20 East London all 4 6 20 Do 20 1)o St Glasgow and S.Western 100 111 113 St Great Eastern lOO 37?- r 38 371 St Do East Anglian, No. 2 100 71 St Great North of Scotland 100 13" 16 St Great Northern 100 114 113 St Do A 100 119 1191 1184 St Do 8....,- 100 126 128 St Gt. So. and West (Ireland) 100 98 100 St Great Western Original lOO 67 68 671 St Do South Wales 100 68 70 714 St Do West Midland—Oxford 100 44 45 St Do do Newport 100 36 38 St Lancashire and Yorkshire 100 1254 1254 St Lond, Bright'n, and S.Coast 100 43 431 434 St Lond, Chatham, and Dover 100 144 151 St Do Metrop Ex tension A 100 9 11 - St London and North Western 100 1231 1234 123 24 St London and South Western 100 881 891 884 8 St Mauch, Shef, and Lincelnsh 100 51 511 511 St Do New. issued at £5O dis 3O . St Metropolitan lOO 791 80 781 St Do Preferred... lOO ••• ••• St Do Deferred 100 . . . 10 Do Redeemable all 94 104 St Metropolitan District 100 37 38 38 St Midland lOO 1241 125 1231 St Do Birmingham and Derbyloo 92 94 St North British. lOO 34 35 334 St Do Edit], Perth, and Dunde 100 13 15 St North Eastern—Berwick lOO 1261 1271 St Do . Leeds 100 841 854 871 St Do York St Do Stockton and Darlingta 100 169 171 St North London lOO 116 118 10 Do New, 1868 6l 14 14 St North Staffordshire 100 59 61 St North and So. West. Juliet 100 102 105 St Rhymney ...100 52 54 • St Shropshire Union 100 62 63 St South Devon 100 46 48 St South Eastern 100 741 751 St Do Preferred .,.100 1091 1101 St Do Deferred... lOO 41 411 St Staines, Wok'ham, 4.4 t Wok'g. all 121 134 St Taff Vale 10 Do C 6 3 6 St Waterford and Cent. Ireland 100 10 Waterloo and Whitehall MISGELLANEOUS 10 Anglo-Mexican Mint 25 Australian Agricultural 2Ol 16 17 25 Austn Mort Land and Fin, L 5 d pr 10 Baugparah Tea Estate, Lim all 3 5 10 Berlin Water Works, Lim 5 Bombay Gas, Limited all 5 51 5 Ditto, Now 4 p r p m 50 British American Land 20 British Indian Tea, Limited all 2} 31 27 Canada Company all 78 80 20 Ceylon Company, Limited lO 4 3d 20 Ditto, A shares 5 2 ld 25 City of London Real Prop, LlO 7 6d 30 City of Milan Irnproyment L all 4 5 50 City Offices, Limited 50 Colonial, Limited 2O ld pr 50 Commercial Union (Asso) 10 Corn of African March, L 20 Continental Union Gas, L 25 Copper Miners of Bngland, Pref 71 per cent all 5 7 100 Corp of London Bonds, 1877, 41 per cent all 100 Ditto, 1879, 44 par cent 100 Ditto, 1882, 4} per cent 10 Credit Fonc of England, L all 2} 31 50 Credit Fonc of Mauritius, L 10 21 lid St Crystal Palace St Do, Preference lOO 91 99 St Do, 6 per cent Perp Debentloo 106 111 50 E India Land Credit & Fin L 7 5 4d 32 Ebbw Vale 27i 101 10d 100 Egypt 9 p et Viceroy's Loan gua by Egyptian Gov all 100} 101} 1011 / 20 Egyptian Com and Trading L 4113 3 English and Austr Copper, L 21 5 - 8 f 15 Eng and Foreign Credit 7l 4 3d 10 Earopean Gas all 17 18 10 Do, new..._ 5 4 41 6 Fairbairn Engineering 5 ld p 20 Fore-street Warehouse, L 13 34 41p 100 Foreign and Col Gov Trust and Loan 6 per ct Bonds all 97 96 10 Gen Credit and Discount, L 2 1 Id 15 General Steam Navigation ll. 29 31 50 Home and Col Marine Ins, L 5 ld p 20 Hudson's Bay (Governor and Co. of Adventurers of Eng trading into) all 12 121 121 50 Imperial Continental Gas 43/ 134 136 50 India Rub, Telg Works, .L 45 57 59 47 10 International Finan Soc, L 5 lf lid 20 Italian Irrigation Canal, Cav all 11 4: 100 Ditto, 6 per cut Bonds, red all 1870 50 Laud Securities, Limited 5 2 ld 25 London African Trading lO 50 Loud Financial Assoc, Lim 3O 18 17d 11-} 4 Loud Gen Omnibus, Limd 50 Loud & Glasg Engin, Limd 25 18 16d 20 London and Prov Marine St Madras Irrig & Canal, guar 100 spc by India Gov lOO 103 105 50 Merchant Shipping, Limtd all 32 37 10 Natal Land and Col Co., Lim all 31 41 25 National Discount Co, Lim 5 111 11f 10 National Steamship, Limd all 131 141 1 Nerbudda Coal & In, Ld 68 6d 1 1 tO New Consolidated Dis Ld 5 New Quebrada, Limited 4112 41 41d 25 N Zealand Lu & Marc, &c 21 1 fp 25 N Zealand Trust & In, Ld 5 11 10 North Assam Tea, Limited 7 7 5d 10 Do, B all d St N British Austral, Limited 100 60 70 50 N British & Mercan lnsnce 6l 23 231 25 Ocean Marine Insurance 5 15 16p 184 5 Oriental Gas, Limited 5 Do, New 10 Otago & South Invest, Ld 2 id fp 5 Ottoman Gas, Limited all 2 21 St. Peel Riv Led & Miu, Lim lOO 31 33 50 Peninslr & Oriental Steam all 43 45 50 Do., New, 1867 lO 31 21d 50 Rhymney Iron 15 Do, Now all 81 81 25 Rio Janeiro City Im., Lmtd all 191 201 20 Rio Janeiro Gas, Limited 100 Royal Mail Steam 6O 52 51 St.• Scot Aus Invest, Limited lOO 20 Societe General de l'Empire Ottoman 8 21 31 25 South Australian Land 20 Tel Construe Jr Maintenance (lim and reduced) all 391 391 311 51 20 Thames & Mors Mn Ins, L 2 21 2/p St. Tobacco (Ital 6p c Loan) all 86 88 10 Trust and Agency of Austra lasia, (Limited) 20 Tr &LnCoof Up Canada 5 fip 50 Union Marine Liverpool, Ld 5 6 61p 20 Union Steam Ship, Ld 15 United Dis Corpora, Ladd 6 2 ld 20 Univer Mar (Ins), Lmtd 5 44 51p 10 Upper Assam Tea, Lmtd all 1 1 30 Van Diemen's Land 100 Viceroy of Egypt Mort Ln all 851 861 861 50 Warrant Finance, Limited 12 8 6d 50 WI & P Steam, Limited 20 4 3d COLONIAL GOVERNMENT SECURITIES. Canada Government, 6 p c, Jan and July ,1877-84 100 104 1051 105 / Do, 6p c, Feb and Aug lOO 102 103 Do, 6p c, Mar and Sept 100 1051 106 i Do, 5p c, Jan and July . lOO 941 931 96f Do, 5p c, inscribed stock lOO 94 96 Do, 5p c, Dominion of, 1903 lOO 951 96/ Cof Good Hope, 6p c, Dec, 1873 100 103 105 Do, 6 p ; April and Oct, 1890- 1900 100 111 113 111, Do, 6p c, April and Oct, 1880-90 100 109 111 Do, 6p c, Jan and July, 1891 lOO Do, 5 p ; April 15 and Oct 15, 1900 100 1021 1031 102 k Ceylon, Nov, 1878, 6p c 100 109 111 Do, 1872 lOO 103 105 1)0, 1882 and 1883 100 112 114 Mauritius, 6p c, 1873, Jan & July 100 102 104 Do, 1878, Jan and July 100 106 108 Do, 1882, May 15 and Nov 15 100 107 109 D 0,1895-6, Feb and Aug 100 111 113 Natal Gov 6p c, April & Oct 100 108 110 Do, 6p c, May and Nov 100 107 109 New Brunswick Gov 6 p c, Jan and July lOO 104 105 N. S. Wales Gov 5 p c, 1871 to 1876, Jan and July lOO 1001 101/ Do, 5 p c, 1888 to 1896, Jan and July 100 101 102 Do, 5 p c, red by ann draws, from 1867 to 1875 100 100 101/ Do, 2 per c, annual draws, 1872 to 1898 100 1001 1011 New Zealand 6p c, 1891 100 107 109 Do, 5p c 100 97 98 Do, Jan, April, July, Oct 100 971 981 Do., 6p c, 1891, Mar and Septloo 108 110 Do, p ct, 1891, June and Dec 100 107 109 Nova Scotia Gov, 6 p c sterling, 1875, Jan and July 100 1021 103/ Do, 1886 lOO 1041 1051 105 k Queensland 6 per ct, 1882-85, Jan and July 100 1081 1091 108 Do, 1891, Jan and July 100 104 1091 S Australian Government, 6 p c, 1869-77 lOO Do, 1878-92 100 Do, 1893-1908 Tasmanian, 6 p c, 1895, Jan and and July 100 108 110 Do, 6p c red, 1893 to 1897 lOO 108 110 Victoria Govt, 6 p c, Jan and July, 1891 lOO 113 114 114} Do, April and Oct, 1883.5 lOO 1131 1141 Do, 5p c, Jan. and July,lB9l„ 100 1011 1021 102 k LOCAL TAXATION. lIOUSE OF COMMONS, TUESDAY. The Select Committee on the incidence and bearing of the local taxation of the country resumed their sitting this morning, Mr. Goschen, the President of the Poor-law Board, in the chair. Mr., Wyatt, the Superintendent of Colney Hatch Lnnatic Asylum, was examined, and gave evidence with regard to the Lunatic Asylums of Middlesex, which were paid for partly out of the county rates, and partly by Government. After some further evidence the committee adjourned. THE GOVERNMENT TRAMWAY BILL. HOUSE OF COMMONS, TUESDAY. The select committee appointed to consider this bill re sumed their sitting this morning under the presidency of Mr. Shaw Lefevre. Mr. Coates, Parliamentary agent, gave evidence on behalf of the railway companies, stating the various objections he had to the bill. In the first place he objected that the bill gave an absolute statutory effect, and proposed an amendment which would . give an appeal to Par liament. He further objected to the promoters of tram ways having power to sell, because the property would lead to mischievous results. The promoters would go to the Board of Trade to get a concession and sell at a profit. It might thus get into the hands of persons not having an Interest in the locality of the tramway. The local authorities, he contended, ought not to have the power of leasing tramways, for the primary object should be the convenience of the public, which leasing was likely to frustrate. He thought the working of tramways in crowded thoroughfares for passenger traffic would be im practicable ; they might be used for heavy goods. He was aware that the Tramways Bill already sanctioned did not contemplate any other than temporary traffic. Mr. Rodwell, Q. C., for the Metropolitan Board of Works, representing all the vestries in London and the London Corporation, was next examined. He stated that the vestries were favourable to tramways, but considered they should be under the management of some central authority. They thought that authority should be the Metropolitan Board of Works. THE ADMINISTRATION OF THE POOR-L I.W. • HOUSE OF COMMONS, TUESDAY. The select committee appointed to consider the present system of administering the poor law system in Scotland, and contrasting it with its administration in this ceuntry, resumed its sittings to-day, Mr. Craufurd in the chair. The Rev. Mr. Tracey, a Roman Catholic priest, of Glas gow, gave evidence, which was directed to the mode of treatment experienced by the children of Roman Catholic parents in Scotland when they became chargeable to the poor-law. He complained very much that the Board of Supervision had not sufficient power to prevent the proselytism of such children. He gave numerous instances of cases in which such proselytism had taken place and expressed an opinion that there should be a rgeneral Catholic inspector for Scot land, to look after Roman Catholic children whether in the poorhouses or when boarded out He suggested also that increased power should be given to the Board of Supervision to regulate those matters, and that especial care should be taken that when the children of Roman Catholic parents were boarded with Protestants, the Protestant families should not make use of the influence they have over them to seek to proselytise them. The rev. gentleman was cross-examined by the chairman and other members of the committee as to the individual cases, and admitted that they were not of so marked a character generally as to give rise to a specific complaint to the Board of Supervi sion in reference to the present system of poor glaw administration. THE FINANCIAL REFORM UNION. DEPUTATION TO THE CHANCELLOR OF THE EXCHEQUER. TUESDAY. Thii`afternoon a deputation from . the Financial Reform Union had an interview with the Chancellor of the Exchequer, at his official residence, in Downing-street, in favour of appropriating surplus revenue towards the ,repeal of the duties on tea, coffee, and sugar. The following members of Parliament attended :—Mr. Crum- Ewing, Mr. Holms, Mr. M`Laren, Mr. Baines, Mr. Macfie, Mr. Anderson, Col. Sykes, and Mr. Shaw. Mr. Holms, M.P., introduced the gentlemen,and Mr. J. Noble, the hon. secretary, presented the Chancellor with a memo rial, adopted by a meeting of the Executive Committee. This document expressed a hope that the adminstration of the Government would secure such reductions in the estimates for the forthcoming year, as will place a large surplus at disposal, available for the reduction of the public burdens. It stated that it is highly desirable, considering the present condition of trade, manufactures, and e mployment,that an increased demand be created for the productions of British industry. " The results of previous relaxations of our fiscal system clearly demonstrate that this end is most effectually obtained by the remission of Customs duties upon foreign products. This fact was most clearly stated by the present Prime Minister, in his speech introducing the Budget of 1864, in the following words I find that if I select several years in which Parliament has with firm and unsparing hand addressed itself to the business of liberating commerce, these operations have been immediately followed by striking augmentations in the trade and industry of the country.' It is impera tively necessary, in order to enable this country to meet the growing competition of foreign manufacturers, that the pressure of taxation upon the industrial classes be materially lessened. Although the gross amount of taxation in this country, as compared with its aggregate wealth, may contrast favourably with that of other countries, the incidence of our fiscal system causes the heaviest portion of the burden to fall upon those who have the smallest means, thus enhancing the cost of production and depriving the working classes of an undue proportion of their wages. The most certain test of the pressure of taxation upon the producing classes is to be found in the amount contributed per head of the population in duties of Customs and Excise. The considerations which induced you last year to propose • the repeal of the shilling duty on corn, apply with equal force to the duty levied upon sugar. We do not, hoivever, urge the remission of this duty upon your con sideration with the sole object of reducing the price of an important article of food, although that alone would be a sufficient reason, but also a means of ex tending the trade and industry of the country. There are two other article of consumption, the produce of other countries, not the less important as affecting the comforts of the population and the expansion of commerce, t n i a o m ns ely o — f t t h e e a adnudtcieosffee. upon Tthheeseeffeecot o inm f e p d r i eiu rlax t v i e o sh s aseheean , argely to increase their importation ; a very large portion of this increase has been consumed at home, while a con siderabe and growing export trade has been developed. It appears that while the consumption of tea in this countryhas largely increased, that of coffee has declined ; in the case of the former article there ha ve been several remissions of duty, in that of the latter there has been no change since 1851. That one result of the repeal of these duties would be an increased demand for British prodlice and manufactures, w e are firmly convinced.""re memorialists, add that they are satisfied that the appropriation of any surplus revenue which may be at di s posal to the remission of taxation upon these three commodities, will be received with great satisfaction in every portion of the United Kingdom. The CHANCELLOR of the EXCHEQUER 111 reply said : He had very little to say as they would hear in a fortnight word. hadho r a d t his beenproposalsTheyme must t e u r r e on B retain w t h o i e n hn e t o h r e t ownlol looky ses r u v f as a a t cy n . i o e n a s t revenue, to meet the current expenses of the country in peace and prosperity—at least in a time of peace ; but also a revenue which was capable of rapid and sudden expan sion in less prosperous times, to which, as a possibility at least, they must always look forward. They must excuse him if he could not go the length of doing away with all taxes on imports. It was not in his power to surrender every great branch of revenue of this country, and so break up the whole system of revenue, which it would be very difficult it was right to restore. thatstore. t T h h e w ere o . s r v i o d ul na d then be a very heavy p ressure on t h at which remained. He did not agree that classes—for whom he had the greatest respect--should be wholly exempt from taxation, except that on spirit uous and fermented liquors. He thought that a teetotaller, for instance—an honest, hard-working man, and one whom they could not but esteem, as he was a citizen, and now by law intrusted with a share of the government-- might fairly be called upon for some contribution towards the expenses of the country. But if they took all these duties away, there would be nothing left but those on spirituous and fermented liquors. (A Voice : "The Income tax.") The people he spoke of were below the Income tax, but a man, even though he had not a hundred a year, derived considerable benefit from the country, and, in his opinion, at least, it would be a very bad principle for them to say that there should be two classes, one who imposed taxes and another who paid them. Even if it were in his power he could not hold out any hope that he could go as far as they did. Still it would give hire the greatest pleasure, if, in the discharge of his duties, he could make any remission of the duties in question. What he should be able to do they would knoll , in a very short time. A CLERGYMAN IN SEARCH OF A FLOCK.—A clergyman living at or near Dundee received an invitation, according to the Northern papers, to conduct public worship on Sunday last in a neighbouring burgh. He accordingly started, and reached, as he thought, the church where he was to minister as the eleven o'clock bells were ringing. Here, however, he found he was not wanted, for the clergyman of the chapel was present in propria persona to perform the duties himself. Think ing he must have made a mistake as to the church he hurried on to another at some distance, but when he arrived he found that there also his services were not re quired, as they had never been sought. The good man in vain attempted to find his fold, and at last, like an in soluble riddle, he gave it up, and went borne. Mean while the sheep who had been waiting to be fed wondered at the absence of the pastor. They sent a cab after hiln 2 which tra i cked him round' his morning's wanderings, and 01611.1911114biAllatia q bQusci Till ll D EDITION. The Third Edition of The San of last Evening was published in time for delivery in town at 7.15 p.m. SUN OFFICE, 7 O'CLOCK. lAIPEIZIA, PARMA [EN r. PORTING IN TELLIGENCE-1 HIS' DAY. EPSOM SPRING MEETING.—This DAY OW ELECTRIC TELEGRAPH.) SOUTH-WESTERN PLATE. Tibthorpe Lord of Misiulo Juanita Six ran. PRINCE OF WALES' STAKES. 11 ()sic' ucian . . ..... Thor ......»...... Geant des L'attailes - Brennus Thirteen ran. II EATIIC OTE PLATE. Allbrook Patrician April Morn Eight ran. GREAT METROPOLITAN. Sabinus.. Jarnac Briton.. 3 Fourteen ran. WELTER HANDICAP. . F,tz Ivan .. King Theodore ... Sir Robert.. .•• Six ran. OXFORD AND CAMBRIDGE BOAT RACE. (THIS DAY.) PUTNEY, Wednesday. The University crews lid not go out for practice this morning, owing to the lowness of the water. Shortly after noon the Oxonians took to their boat. They rowed down to the Aqueduct, and started from a boat there, as though they were going to row the whole course. They were ac companied by Mr. F. 'Willan in his little steamer. They started at thirty-eight strokes, but it was not maintained. The wind blew sharply, and making a strong ripple they did not travel so fast. The water passed over their canvas as they laid down to their work, but they only proceeded to Hammersmith. The general opinion is, that although a fine boat she is too small for them, and that they will do well to take to the old boat, in which they were laying out their strength to so much perfection. The Cambridge coxswain was taken up the course for instruction in steerage by Mr. G. Morrison on board the Ariel steam yacht. After her return the Cambridge crew got into their boat, accompanied by their " coach." They turned up the river at the boat house, rowing carefully and clean, commencing their practice at about 36 strokes per minute. PUTNEY, MIS AFTERNOON. Both crews went out at a little after five this after noon. The Oxford rowed up to Hammersmith at a great pace, and the water being smooth their boat carried them well. They returned also with speed. Cambridge, who hai been up to Chiswick in the early part of the afternoon, had three or four " spies" with a crew put together on the spur of the mom'nt, of the Leander and London Boat Clu')s, Mr. Gulston, captain of the London, rowing stroke. The Cantabs rowed 40 strokes per minute to get away from the others. FLAT RACIN A P] ; FIXTURES. I L. Croxton Park 1 Northampton ...o, 6 West Drayton 7, 8 Thirsk 7, 8 Knighton 19, 20 Newmarket C 15 to 22 Catterick Bridge `21,22 Abet:gavenny 21, 22 Liverpool Hunt 9 Durham 18, 19 Lichfield lB, 19 Eastbourne ...25 Cardiff 26, 27 Croydon 2t 4 , 29 WESTMINSTER. NOVEL CHARGE.—Charles Maple, in the garb of a cabman, was charged with stealing water. Sergeant Large, of the D division, proved that at half-past 12 this morninc , the prisoner was at the hackney carriage wand at Fulham-load, opuo3ite St. George's Workhouse. He had a key and was draw ing water from the tap used by the Commissioners of Police, and rented from the wat r company. There was a regular waterman appointed . in the day-time, and at night, if water was wanted, it was fetched from a neighbouring public-house. The prisoner when taken luto custody sail he thought there was uo harm in earning a few pence. The magisti ate told defendant he had no right to act as he had done, and inflicted the nominal fine of ls. THAMES. DEXTEROUS ROBBERY OF A WATCH.—Jane Hart, aged 19 years, and John James Jones, 21, lighter man, were brought before Mr. Lusbington, charged the former with stealing, and the other with felo niously receiving, knowing to be stolen, a silver watch, value 505., from the person of Daniel Macey, a mechanic of No. 5, Manchester-terrace, Millwall, Poplar. The prosecutor, an elderly married msn, committed two indiscretions last night. He became intoxicated, or, as he expressed it, elevated, but not in morals. He met with Hart, and was talking to her a short time in a street in Millwall. She invited bim to her dwelling. He would not accept of her invitation because he was afraid of his watch, and she left him. A few minutes afterwards he missed his watch from his pocket. '1 he watch was found at the lodgings of the prisoner, who was committed for trial. Major-General George H. Thomas, a most popular officer in the American army, and who was regarded by military men as the safest, died on Monday of apoplexy in San Francisco. Mr. Bright's health has very much improved since his arrival at Brighton. He takes carriage exercise almost •very day and walks as much as he is able. Twenty-five hired hands were discharged at Chatham on Saturday, hut there are many established hands yet to be superannuated. Mr. George Knight, harness maker, of Richmond, abed 82, has been burned to death through the curtains of his bed catching fire, , The fire was confined to the room in which it originated. Rudolphe, the billiard champion of America has challenged Roberts, the cx-champion of England, to play for the championship of the world. If Roberts be not champion of England, how can he claim supremacy over the world ? The Captain Superintendent of Sheerness Dock yard is empowered to grant free railway passes to all dis charged dockyard hands whose cases he may consider pre sent special grounds for such help. A Mr. John Carsey Chittock, of Norwich, solicitor, has petitioned to make enquiry into the truth of certain offensive expressions which he complains, were used to wards him by the Election Commissioners who recently sat in that town. The girls in the employment of Messrs. Young, Strang, and Co., Glasgow, have struck work in conse quence of the reduction of their wages, and have resolved not to resume operations until the recent reduction was abandoned. There are in all about 700 women who have quitted their employment. The whole postage (2d.) on newspapers for Canada vid the United States, instead of ld. in this country and Id. in Canada, will in future have to be paid in advance. Any newspaper so addressed on which the whole amount is not prepaid will be forwarded by the direct Canadian packets. A large fire took place at Spalding on Sunday, and resulted in the destruction of property worth from £S,OOO to £lO,OOO. THE. JAPANESE GOVERNMENT AND THE CHRISTIANS.—Two out of the three Japanes steamers employed to convey the native Christians from the Empire, have met with accidents and disaster is predicted for the third.' The Governor Higginson, struck on the rocks near Sped Straits, after she had discharged her passengers, and the Feelong, on her return voyage, also ran on shore. The natives consider that these - disasters are due to a special interference of Providence. COMMUNICATION WITH THE EA ST.—The esta blishment of telegraphic communication between Constan tinople and the Princes Islands by a submarine cable from Kartal to Prinkipo is again under consideration. It is expected to prove serviceable and remunerative. The telegraph administration in Turkey has established a service in foreign languages at the station at Kastamonni, the price of a single twenty-word message to, or from the capital, being fixed at 25 francs. A NEW SAILORS' HOME IN BOMB AY.—The sugges tion to erect a new Sailors' Home in Bombay, as a me morial of the Duke of Edinburgh's visit, has attracted favourable attention. The Governor paid a visit to the present home, and was fully impressed as to its unsuitable ness. There will be n o difficulty in raising the amount necessary for the purpose, as the Nawab of Joonaghur and the Rajah of Bhownuggurhave each promised £lO 000 towards a fund for the erection of some building to be permanent memorial of the visit of the Prince. It is pre, posed that the Duke should lay the foundation-stone of tale buildinz. _ HOUSE OF COMMONS—Tins DA.y. The Speaker took the chair M a quarter past twelve o'clock. The Birmingham Canal Navigation Bill was read a second time. MARRIAGE WITH A DECEASED WIFE'S SISTER. Mr. M`LAREN presented a petition from the Free Church of Scotland against this bill. UNIVERSITY EDUCATION (IRELAND). The O'CONOR DON moved for a copy of the declaration of the Catholic laity of Ireland on the subject of Univer sity education in that country lately laid before the Prime Minister. The motion was agreed to. ANNUITY TAX AMENDMENT BILL. Mr. MIAREN gave notice that on the motion for the second reading of this bill he should move thst it be read a second time that day six months. FELONY BILL. Mr. C. FORTESCUE moved the second reading of this bill, which was identically the same as that he introduced in 1864. In that year the principle of his bill was accepted, but a change of Govern ment took place, and on that acconnt the matter was allowed to sleep until the year 1866, when Sir R. Palmer, then Attorney-General, introduced a bill, which provided that the property of felons should be vested in curators during the sentence of a felon. He was at the same time willing to accept that provision, although it was not so liberal as his own, on account of its laying down that the expenses should be deducted out of the property so taken charge of. That measure, however, did not receive the assent of Parliament, and from that time as nothing had been done he thought it necessary for him again to submit to Parliament the measure of 1864. In no other country than England was the disposal of property belonging to a felon prevented, even when the capital sentence was inflicted. Although he knew that the Crown was ready to hand over the pro perty to the nearest relative on proper representation being made, he could not see the utility of maintaining a law that was injudicious, and which always acted harshly to those who unfortunately came under its provision. A return had been made which shewed the small amount of money that had been received by the country under the law now in force ; and he thought the Chancellor of the Exchequer would not object to the repeal of an Act which produced so little. The law was opposed to recent legisla tion, and was condemned by all judicial authority. He therefore asked the House to remove the remains of the laws of a barbarous and feudal age. Mr. 0. MORGAN did not oppose the motion, but he thought the bill might .require amendment, not as to touch the principle of the bill, which he admitted was quite unsuited to the exigencies of modern society. He thought that as the Crown did not exact forfeiture of the property to all cases, on conviction of felony, was a strong argument in favour of the passing of the bill. He thought if they were to wait until the matter was dealt with by some general measure they would have to wait for a very long time, and therefore as half a loaf was better than none, he should give the hon. member for Walsall his hearty support. Mr. JESSEL said he did not rise to oppose the motion, although he should have rather the bill had been brought in by the Government. He thought that some modification of the present law was necessary, but with respect to the principle of the bill there could be two opinions. The forfeiture for felony and not for mis demeanour was most unequal and unfair, because in the case of a man convicted of perjury, of a diabolical con spiracy, of a fraudulent concealment of goods, or a forgery for a thousand pounds, that did not involve a forfeiture of property of the person so convicted ; but the boy who picked a pocket of a hand kerchief, on being convicted, forfeited everything he had. A law that worked so unequally, he thought, re quired alteration, but instead of agreeing without reserve to the bill of the hon member for Walsall, he thought it would require alteration in its detail. Ho thought it would be a wise provision to introduce a power into the bill to revoke a pension on conviction for felony, and also it would not be an unwise arrangement to adopt a punishment known on the Continent, which was that a person convicted of felony should lose his right of citizenship and become ineligible from sitting in Parliament or holding office under the Crown. There were certain other matters of detail that he thought ought to be dealt with, and therefore the best course to pursue would be read the bill a second time and then refer it to a select committee. Mr. BRUCE said he did not rise to offer any opposition to the second reading of the bill, but, on the contrary, he desired, on the part of the Government, to give his hon. friend the member for Walsall every facility in passing it. He thought, however, after the suggestions that had been made, his hon. friend would see the desirability of referring the bill' to a select committee, which he did not think would at all interfere with the passing of the measure, the object of which was to abolish a law that appeared to him to be indefensible, and it was a wonder that it had remained unrepealed down to the present time. Mr. C. FORSTER agreed to refer the bill to a select com mittee, and it was then read a second time. PARTY PROCESSIONS (IRELAND) BILL. Mr. W. JouNsToN moved the second reading of this bill, the object of which was to repeal the Party Proces sions Act (Ireland). He denied that there was any desire on the part of the loyal Orangemen of Ulster to offer offence to their Roman Catholic fellow countrymen, and he hoped that as there was a likelihood of Parliament repealing the Ecclesiastical Titles Act, which had been quite a dead letter, it would not refuse to give its assent to the motion he submitted to the House. He thought that all laws that could not be administered ought to be repealed, He could not go the length*which Mr. Madden or which the magistrates of Ireland who called upon the Govern ment to suppress party processions went, and with respect to the recommendations of grand juries, he did not believe they represented the feelings of the vast mass of the population of Ireland, and in his opinion if they, in the administration of their duty, left politics alone, they would perform the proper functions more efficiently. He asked nothing for the Orangemen of Ulster that he could not concede to any other of her Majesty's subjects. Ile - belieVed that the continuance of the act on the statute book instead of diminishing Orange demonstrations would tend to their increase. Unless the Act were repealed, there would, he thought, be an exodus of the Orangemen to a freer and hannier land. He did not say that the Orange demonitrations were the means of keeping the peace, but they certainly did not add to the crime and outrage which unforturtunately charactised Ireland at the present time. He represented many Roman Catholic gen tlemen, who were anxious to live in peace and amity with their Protestant brethren, and he assured the House that they were anxious that such aggravating and irrita ting enactments should be swept off the Statute Book. Viscount CRICHTON did not believe that the spirit of a 2ommunity could be suppressed by penal enactments. The bill was, after some further discussion, read a second time. MEDICAL ACT AMENDMENT BILL. Sir JOHN GREY then moved the second reading of this bill, the object of which was to abolish the present system of practising by diploma, and in its stead to have a strict and rigid examination of all p,rsons desirous of entering the profession, and in event of passing a certificate of merit and competency was to be given, which would bear upon it the authority of the State. _ _ After a short discussion the debate was adjourned, on its being intimated by Mr. Forster that the Government in tended to introduce a bill on the subject very shortly in the other House. The Attorney and Solicitors' Remuneration Bill went into committee, but progress was reported after clause six had been passed. The second reading of the Sale of Liquors Bill was post poned until the 27th . of April. The house then adjourned. The very extensive Distillery now being erected at Belfast, with all recent improvements for the manufacture of Irish whisky, by Alessi s. DUNNTLLLE & Co., who have gained a world-wide celebrity for their fine old Irish whisky, is to be called "The Royal Irish - istillery." HIGH WATER AT LONDON BRIDGE. Morning. Evening WEDNESDAY 28 min past 1 50 min past 1 TIIIIIISDAY... ..... FILIDAY„,,,, t; ..... e...,1,40 min past 2 ..,, ~,56 min past 2 Newmarket Ist S 2 to 6 Edinburgh Chester lO to 13 Winchester 10, 11 Salisbury 12, 13 C helmsf ord... 17, 18 York 17, 18 Wye Djueaster l9, 20 Harpenden 2O, '2l Bath 24, 25 Stamford '26, 27 Croydon .. 26, 27 Epsom. 3l to June 3 COURSE OF EXCHANGE. Amsterdam Do Rotterdam ... 12 Of ... 12 1' Antwerp — ... 25 421 ... 25 47 Brussels Hamburg h — .., 13 lot ... 13 10 Paris Ditto Marseilles Frankfort-on-the-Main — ... 1204 ... 121 Vienna — ... 12 65 ... 12 70 Trieste ... ... 12 65 ... 12 70 Petersburg Copenhagen Berlin Madrid.. Cadiz — ... 49 ... 494 Leghorn Milan — ... 26 25 .., 26 30 Genoa — ... 26 25 ..„ 26 30 Naples Palermo — ... 26 25 ~. 26 30 Messina Lisbon • Oporto ... 524 ... 524 MAY. THE FRENCH FUNDS. According to Reuter's telegrams the French Rentes to-day were quoted 73f. 90c. Heavy. W URTEMBERG.—The two parties in Wurtemberg who united their efforts to defeat the military system and overthrow the Ministry, are alike dissatisfied with the results. They regard the retirement of a portion of the Cabinet as altogether illusory, and the concessi. .ks which are offered to them as insignificant. Two manifestoes have been issued by the German party and the popular party, and published in the Stuttgard journals. The German party accuse the Go vernment of taking no heed of the wishes of the people, and invite the deputies of the majority to close their ranks and defend their principles with courage, since the people will not abandon their representatives in the struggle. The address of the popular, party shews the same dissatisfaction. The Ministers, it says, are not agreed among themselves. They ought to have stood by the measure they had introduced to the last, or have dis solved the Chamber. Inste a d o f f o ll ow i ng this Constitu tional course they propose insignificant concessions. The antecedents of the Ministers do not permit the popular party to doubt that they intend to maintain the new military system. RAILROAD DISTURBANCES IN GEORGIA.-A dispatch hos been received in Washington from Mr. Cowans, vice-president of the Brunswick and Albany Railroad, in Georgia, stating that the recent disturbances on the Georgian Railroad were not caused by the non payment of wages, but were fomented to obtain the removal of the superintendent, who is a prominent Repub lican. The civil authorities encouraged the men in their demand in hopes of driving off the Northern employes. General Terry has ordered more troops to Brunswick. THE PERSIAN GULF.—The Madras Tunes of March Ist gives news from the Persian Gulf. A large force of Wahahees is advancing on Bereymeh, and likely to seize all the northern portion of Oman. The Wahaheex are led by Abdoolla Vin Feysul, Ameer of Riadh, son of the Ameer whom M. Palgrave visited, and they are ad vancing by land and sea. The sea force is expected to attempt a landing at Aboothahee, near Bereyweh. REPUBLICANS AND THEIR REPRESENTATIVES IN FRANCE.—The Republican Democratic Committee have drawn up a series of conditions of which they require the acceptance by any candidate aspiring to obtain their suf frages at the pending el ec ti ons. T hey insist that such candidate-1. Must have the ability, the will, and the cou rage to defend popular interests under a despotic Govern ment. 2. Th e d eputy must hold all his time at the dispo sition of the district which elects him ; consequently when there is no business in the Chamber he must visit the electoral districts of his circumscription to collect protests, demands, and complaints, which will form the business of his legislative mission. 3. He must especially explain to the electors in public or private meetings political and social rights in the exercise of liberty. 4. If he be an advocate, he must only defend neglected rights and out raged liberties, and that gratuitously. 5. If he be a literary man, the produce of his labours should be ap plied to the dissemination of democratic ideas through the periodical Press, and to the organisation of free is-. 4 -1 secu lar schools. IRE IJROUGHT IN PALESTINE.—The following is dated March 18, and is from Mr. Cook, of tourist cele brity :—"I landed at Faffa this day month, with sixty tourists, and we found on landing there a messenger from our consul at Jerusalem, advising us that, through the scarcity of water, the country was in such an unsettled state it would dot do for our party to attempt to proceed without a strong miiitary escort. I left the party in charge of Mr. Thomas Cook, and I am happy to inferm all inte rested that, byletter just to hand, dated Jerusalem, March Bth, my father informs me they have had so ranch rain that it has been very difficult for them to proceed, which they do not at all regret, as alroady the rain has done a great deal of good to the country." • thd nie . oril -A