The Sun. — London, England, 1856-07-29 00:00:00

' ' 4 r ';~ ~ t'l + __ .27c ,d7/-(r.X, / ,4 iZa: A z IP , / TARE CSANCELLORSVILLE FREEHOLD GOLD MINING COMPANY. -L-The Direc. tors of the Chancellorsville Freehold Gold Mining Company at • length find themselves in a position to make a Statement to their Shareholders, on their own past proceedings, and on the present position and future prospects of the Company. After having encountered and overcome great difficulties, they are happy in being able to announce that they have ar. rived at complete success. The question of Quartz Reduction has latterly assumed a great importance. Of the vast importations of gold into this country, the portion which shows a progressive increase is that which comes from the Quartz ; but the reduction is still effected with great difficulty and expense, and at a consider. able 'maple of the precious metal. One cf the problems of the time is to unlock the treasures which lie undeveloped in elearteL formations in various parts of the world, and to make them • available for the increase of the general stock of gold. The Directors of this Company believe that they do not arro gate too much to themselves, when they express their convic. tie• a that they have succeeded in removing many of the ob. sts ►des that stood in the way of a solution of the problem. RIGIN AND OBJECTS OF THE COMPANY—NATURE OF THE PROPERTY. _ This Company was formed about three years since for the pur 'chase of the Grasty Estate, in Orange County, Virginia, and for - the extraction of Gold from the valuable quartz with which that estate abounds. At the outset, the Directors despatched to Virginia Mr. W. T. Henwood, F.R.S., F.G.S., &c., author of " The Metalliferous Deposits of Cornwall and Devon ;" a mining engineer of high character. Mr. Henwood was formerly her Ma . assay master and supervisor of Tin in the Royal Duchy of Cornwall, and Secretary of the Royal Geo,graphical Society of Coriorall. He was subsequently Chief Commissioner of the ID'.perial Brazilian Mining Association in Brazil, and more ro e.ently he was employed on a special survey mission by the Hon. East India Company. These credentials sufficiently est,U blish the fitness of Mr. Henwood for the duty ho was appointed - to perform. . . MB. HENWOOD'S REPORT ON TFIE ESTATE AND MINE. After two visits and a careful survey of the property, Mr. Henwood made a report, which was printed at the time. He there stated thesfollowing particulars :-- " The Grasty. Estate is situate in . Orange County, Virgin' about 25 miles west of Fredericksburg, on the Rappahannoch. It is bounded on the west by the 'Plank road, and for somle distance on the north by the old *turhpikeroad between Fr - dericksburg and Orange Courthouse, which will be shortly .connected by a line of railway in course of construction, and : will pass within a mile of the western limit of the property. Both these places now communicate with the Potomac by rail, the former at Aquia Creek, the latter at Alexandria, and Alexandria is to be shortly connected with the great lines of intercourse between Washington and the northern, eastern, and western parts of the Union. The property can therefore scarcely be exceeded in facility of communication, as well with the east as the interior. -- - " The greatest length of the estate is about a mile and a half from east to west, and its width is perhaps half a mile from about north to south. The boundary, however, is irre gular, and much indented ; its surface is gently undulating, the difference between the elevation of the highest and lowest grounds probably little, if at all, exceeding 100 feet. "The area is 439 acres, of which 100 acres or thereabouts aro clearly and partially cultivated. About 200 acres are co vered with a heavy growth of magnificent oak and other vain :able trees, and the remainder bears stunted pine and brush •wood, which serve for fuel. Near the dwelling house there is a small marshy declivity, and in the western part of the estate several depressions have each a rill. These unite within the boundary of the property, and their stream, although scarcely enough for cleaning ore by the ordinary washing processes, is ample for the supply of amalgamating apparatus. • " There is a very good dwelling house, a tolerable one of smaller size, nine cottages, a smith's and carpenter's shop, a storehouse, barn, stable, and several small out-houses." ' Referring to the auriferous formation of the rocks on the estate, Mr. Henwood added : • " The rock is a talcose slate, sometimes very closely resem ' bling clay slate. It is generally soft, of a pearl-white or very • pale blue colour in some places, and light buff in others ; but - many portions are deep red, occasionally passing into brown —an aspect not uncommon in other auriferous districts. The , structure is, on the whole, thick lamellar. The strike of the ' cleavage planes'is about 35 (leg. E. of N. and W. of S. (mag , 'tette), and their dip (from the horizon) is 70 deg. to 85 deg. towarsis the N.W. " Masses of potstone appear at intervals, and seem to range I parallel to the lamination of the slate rock. They probably ' form the continuation of a similar formation, which is oh nerved in a like position beyond the limits of the property eastward. "Just within the belt of forest which covers the northern boundary of the estate, a large range of quartz rock is traced for some distance, in the same direction with the strike of the potstone and of the schistose rocks. No operations have ever been instituted on it, but if other parts of the estate are wrought I think this ought not to be passed without trial. " At the north-western fence of the cleared land, enormous blocks of quartz are abundantly scattered over the surface, in a line co-incident with the range of the rock formations; and ' still farther within the enclosure, southward, two other pa rallel ranges of similar stones are still more plentifully traced. Although we nowhere see the parent rock of these surface blocks, there is, I think, little or no doubt but they mark the • vicinity of parallel quartoze deposits, to witioh further atten tion should be directed. " Still south, on the elevated ground, about 200 fathoms 'north-west of the house, an enormous quartz formation crops out, and may be traced in the same direction with the others for perhaps 100 fathoms in length. Large masses of the same rock also appear in situ at intervals, on the same line of bear ing through the length of the estate, but separated here and there by copse and cultivated land. As its junction with the talc-slate is not visable, it is impossible to ascertain the exact breadth ; a width of from 20 to 30 feet is, however, , exposed, and broken stones of it cover the surface for double that extent. It is from this formation that the specimen of , gold in your possession was obtained. At 150 fathoms from the western boundary of the estate, within a fine trect of vir gin forest of great beauty, there is a similar quartoze for mation, containing earthy brown iron ore, and small pieces of talc slate, which has considerable resemblance to the for ! reation formerly wrought, whence your samples of ore were taken. Of the propriety of giving this part, of the property more examination than it has yet been subjected to I think no doubt can be entertained. " About 100 fathoms still southward near the ' marshy do. elivity ' already mentioned, and immediately in front of the best dwelling, another large quartoze deposit crosses the south-eastern angle of the estate for perhaps 150 fathoms in length. Its width cannot bo accurately observed, but in position it conforms to the lamination of the adjoining talc slate. The silicious matter is more or less mixed with por tions of slate, and it encloses some iron pyrites and copper _ pyrites, but these aro not abundant ; earthy brown iron ore . is, however, plentiful in many parts of it, " It has been partially wrought for about 100 fathoms in length, but most of the shafts have been sunk only about six fathoms in depth, and the deepest of them is only about 15 fathoms. " The quantity of rock at the surface is about 500 or 600 tons. It was from the ferruginous portions of quartz remain ' ing that the samples you have had assayed were obtained, and during my last visit to the property I also made some • examinations of the ore, which, defective as they necessarily were from the rudeness of the implements I found on the spot, afforded gold in amply remunerative proportion to the quantity of stone submitted to experiment. " This deposit is so little seen in situ that it is impossible to estimate the quantity of ore contained in any given extent of ground, the samples, assayed, however, leave no doubt that it deserves more examination than it has yet received. `, " These extensive formations of quartz coincide in position with the laminae of the rocks, of which, in fact, they doubt less form members, and they differ from the schistose varie , ties only in being more silicious, and in exhibiting fewer traces of slaty cleavage." As the foregoing Report was made more than two yearsago, on information obtained some months before, it may be a sa tisfaction to the shareholders to have a confirmation of them • in general terms, made on the 22d of June of the present ye tr, by an eye-witness, the Company's own agent, a gentle man of the highest character and respectability, who was de spatched to Virginia on a special mission to make arrange ments for the practical working of the mine, and the trans mission of the ore to this country. This gentleman says : " I have made au examination of the Property, and find - that there is au endless supply of Quartz, with indications of great richness. The Master Vein, which runs for upwards . of a mile through the centre of the estate, remains untouched, and the surface indications (rich Gossau, and dark, reddish, bro an quartz) lead me to suppose that it is much richer than any which has yet been tried. The width of the vein averages • about 49 yards. " There are several other veins, running almost parallel to the one alluded to, but not of the same width or length. There is an abundant supply of timber, principally oak. I believe about two hundred acres, richly covered. Also about one hundred of pine. The railroad to Fredericksburg will run within a few hundred yards of the estate; which will of course greatly facilitate the communications and ren • der , expenses much lighter." Thus the original statements of the promoters of the Com ' pany and the engineer are fully borne out; and the value of the property remains unimpaired at the present hour. IMPORTATION OF ORE FOR REDUCTION. Between the original formation of the Company and the early part of the last year there was a period of comparative inactivity. Nothing bat the confidence inspired by the Re port of Mr. Henwood, the oral statements of other gentle men who had visited the property, and the results of the assays made by Messrs. Johnson and Matthey, Mr. Mitchell, Mr. Claudet, Dr. Ryan, Mr. Wright, Mr. Edwin Smith, Dr. Collyer, and others, could have sustained the Directors against the discouragements. and disappointments they encountered. All undertakings of the kind gradually fell into disrepute. Changes also took place in the constitution of the Company itself, which was at one time almost threatened with extine tiola ; but the remaining Directors and same of the Afficers a. adhered to its fortunes under all vicissitudes, until they trust they will ha4e earned the acknowledgments of the Share holders for thole faith and perseverance. All the efforts of this and other companies to effect on their several mines the extraction of the gold from the ores having at that date proved unsatisfactory, the Directors of the Chan -, cellorrille Company determined about a year and a half ago to bring over to this country a considerable quantity of the ore, so that they might have, under their own eyes and those of their shareholders, the benefit of the best scientific and practical knowledge on the subject of quartz reduction. In evitable obstructions and delays retarded for a considerable time the accomplishment of this resolution ; so that it was not until the close of the last year that the Directors received their first consignment. Shortly after they received another, A smaller consignment. Both wore advertised at the time. With confidence unimpaired in the value of ,the mine, the • Director's now flattered themselves that their task would in . future lie comparatively easy. Those only who have had to eneourfter the difficulties surrounding the subject can com prehend, why so much delay, nearly nine months, has never thelesseccurred. The. ore of this mine contains very little • visible gold ; and the precious metals which abound iu it ex ist in particles, so fine as to require the most elaborate treat ment. So much time having; elapsed since the first assays already referred to the Directors considered it desirable at . the outset to ascertain by the same means the value of the or; , They were well aware that their greatest difficulty would to obtain machines capable of crushing and amalgamating pr otherwise extracting the gold, on such a scale as would con , firm the tests of the assayers. RESULTS OE THE TESTS. The Directors invited the co-operation of scientific and practical men who had studied the subject. The results of their experiments were very unequal ; some of them encou raging the most extravagant ideas of profit, but few being be low such a yield as would give a dividend. If the undertak ing Were rationally regarded as a fair commercial enterprise. It would answer no purpose to embody in this report the Certificates in detail of the gentlemen who made the different experiments ; but some notion may be formed of the uncer tainty in which the Directors from time to time were placed, o from the following examples- For instance, on the 23d of November, 1855, Mr. Claudet, of the Assay-office, Cannon , street (who had previously tested some of the ore with less favourable results), certified that the iron pyrites, with which 'the ore abounds, contains from 34 to 39 ounces of gold, to "the teli• tif pyrites; 'Mkt-6'5 riti k aeteerst.er: - At-the same date Messrs. John Taylor and Sons, of Upper O r d nance w h ar f . , tilled per Mr. Jordan, that one specimen of ore mil gent yielded 2 1 7 i MOO 9f gold aud 44 0- of . xagiCee Dt 1.47 • Tit' . :11,14gStgeq,77'' • • Picea rand; 4, 5, Char. Oxford. I Y, jun., ►th, the •square, John's- Chapel •. Henry es Alex of Port nirat Sir L Grano, ompton, Captain ea, aged ph Had- h. eldest K.H. trigs Ley. Mouton of Good 3ishop of _....e. rOIJNG, :. 112 Dewily of (N o . 20,002.) to the ton. Other , specimens varied between half an ounce and an ounce and a quarter of gold to the ton, while of silver there was from half an ounce to three ounces. On the 4th of January last, Mr. Anseil forwarded to the Directors an elaborate report of a series of experiments made on this ore at the Panopti con, in Leicester-square, by the chlorine process, the general result of which yielded rather more than two ounces and a half of gold per ton. To test that process Mr. Ansell also tried the ore by assay and amalgamation, the result being nearly the same. A subsequent assay gave by amalgamation about three ounces and three-quarters of gold, and by assay rather moro gold and five ounces of silver to the ton. Mr, T. H. Henry, F.R.S., made on the 14th of February of this year a report on four specimens, one of which yielded nearly thir teen ounces of gold. These are a few amongst many results of experiments made by order of the Directors on the Ire. They had the additiowd satisfaction of finding, from the reports of practical chemists, that the mundic with which the ore abounds is capable of yielding eighty ounces of silver to the ton. The Directors men tion these various results, partly because they confirm the orit ginal estimates of the value of the ore, and partly to account for the delay in their own operations. At a very early date they came to the conclusion that they could calculate upon a moderate average yield of gold and silver, and at a small cost of reduction sufficient to enable them to pay a high remunerative dividend. They also came to the conclusion, after hearing the opinions of various com petent persons, that the mode of reduction most to be relied on and most suited to the ore, was that of calcining, fine grinding, and amalgamation. • The real difficulty of the directors was to procure machines capable of performing this work. At length they found them selves in a position to operate upon a enalient bulk of ore to enable them to estimate an average.. With the principle of the machine used they had long been acquainted, but until this time they had not been able to obtain the means of woiking the large machine constructed upon that principle. They availedthemselves of an opportunity afforded them by Messrs. Symonds and Fell, Sufferance-wharf Smelting Works, Mill wall, to calcine, crush, grind, and atualpmate a sufficient quantity of the ore to yield a fair average id that which was firelreenagrad to this country, but wIW, as•will be after wards explained, is by no means a good sample of the bulk.of the ore on the estate. The result of that trial was such a yield of gold, of the finest quality, as to place the success of the undertaking beyond a doubt, provided that the expenses of raising, importing, and reduction were such as, from the various estimates the Directors tad received, they were entitled to expect. This trial was made publicly, and was attended from time to time by gantlemon interested in the question from a scientific point of view, and the whole process, with the results, was made tho subject of certificates by Messrs. Symonds and Fell, the proprietors of the works, and of Mr. Harris, under whose immediate direction the re duction took place. The certificates are subjoined:— " Mill-wall Grinding and Crushing Mills, Smelting and Assay Works, Sufferance-wharf, Mill-wall, London, 3d May, 1856. " In answer to your inquiry, wo beg to state the Chancel lorsville ore reduced at our works, as above, contained on an average above 1 oa. 18 dwt. of gold per ton. " Mos. W. FELL. " For Symowls, Fell, and Compy. " W. S. Trotter, Esq." " I hereby certify that I operated upon six tons of the Chancellorsville ore at the reduction works of Messrs. Sy monds, Fell, and Company, Mill-wall, and obtained thereupon 1 oz. 18 dwts. of fine gold per ton of ore. A larger result would have been obtained had an amalgamator been used, to have caught the fine gold which passed off with the water. " Subsequent trials with improved machinery have proved that 95 per cent, of the gald in the ores is obtained. " July 24, 1856," (Signed) "Joel All HARRIS. As the Directors desired to give every opportunity for the trial of other machines, they made arrangements with the proprietors of the machine invented and patented by S. T. Jones, Esq., for a test of its capabilities. This was made also in the presence of many persons, on the premises of Mr. Marshall, the engineer, in Bishopsgate-street. The result was entirely satisfactory, both as regards the powers of the machine and the gold•bearing quality of the quartz. The Directors considered that it would be more satisfactory to the shareholders if this process were carried on under the superin tendence of some gentlemen of high scientific reputation, bat entirely unconnected with the Company. They accordingly made arrangements for this purpoie with T. H. Henry, Esq., F. R.S., of No. 44, Lincoln's-inn -fields. The following is that gentleman's report, both on the merits of the machine and on the yield of the ore : " July 16, 1856, " Dear Sir,—l attended according to your desire to wit ness the operations of the auriferous quartz of the Chancel lorsville Mining Company with Jones's machine, and will nqw briefly state the results. "Half a ton of the quartz previously calcirel was passel through the machine, slowly, however, for want of sufficient power to work it more rapidly. I assisted in straining and passing the mercury from the pans and from the amalgan►a tor, and having brought the amalgams here, extracted tho gold from them. They yielded a button weighing 226 grains. " Mr. Harris afterwards brought me the residue of the dis tillation of the mercury, and I obtained from this 132 grains of gold (containing a little silver), total 358 grains, or at the rate of 1. oz. per tan. • " I then carefully assayed the tailings, working on a largo quantity. They contained 1 dwt. 13 grains of gold per ton. This is rather more than 4 per cent, of the total quantity of gold. Upwards of 95 per cent. had, therefore, been extracted. " These results areall in favour of the value of the quartz ; the eflleacyof thu machine, which certainly ground the quartz to an exceedingly uniform fine powder and also of the amal gamator, in the mercury of which the larger portion of the gold was found. I think, however, that the size of the ma chine should he considerablyreduced for the sake. of economy. " Tho calcination of this quartz previous to submitting it to amalgamation appears to be necessary, as the gold seems chieflyassociated with the iron pyrites or mundieditseminated throughout the quartz ; a sample of the mundic separate - 1 from the quartz and assayed yielded upwards of 7 ozs. of gold per ton.—( remain, dear sir, yours very faithfully, (Signed) "T, it HENRY, F.R.S." , y ,t *.. As in all previous attempts made in this country to extract gold from quartz a considerable portion of the precious metal was lost in what is technically called the " tailings," the Directors availed themselves of the magnetic amalgamator alluded to by Mr. Henry (the patented invention of Messrs. Jones and Harris), the value of which was tested by the fact that only 4 per cent. of the whole amount of gold was found to have escaped. PREMISES FOR THE WORKS OF THE COMPANY. The Directors having satisfied themselves of the existence of the precious metals in the ore to an extent justifying them in calculating that the minimum yield would be sufficient to pay a very large profit, they determined on taking premises for the purpose of carrying out the futui o operations of tlie Company. After much consideration, and although offers had been made to contract for the reduction of the future consignments at a moderate fixed price per ton, or for the purchase of the ore in bulk at a rate calculated on what the directors believe to be the minimum yield of gold, they de cided that their operations could be carried on far more regularly and successfully in works under their owe centr,,l, at or near Liverpool, the chief entrepot of the American trade. They were mainly influenced by a calculation of the lever price of coal in Lancashire and the certainty of a regular weekly supply of quartz. After examining many eligible sites, they finally chose some abandoned salt works at Fred sham-bridge, in Cheshire. These premises are remarkably well adapted for the purpose. They cover au area of four acres, with building and plants available for the purposes of the Company. There is excellent wharfage on the river, with facilities of cheap water carria;e from the vessel's side in the Liverpool docks, or for vessels of smaller tonnage chartered wholly by the Company, coining direct to Fordsham-Midge. They aro bounded by the Lancashire and Cheshire Railway, to which the Company have a right to make a short tram. road for the conveyance of coal, &c., should that be deemed desirable. Of these premises the directors have taken a long lease at a rental of 1501. per annum, with a right of purchass of the freehold for 2,000/. They have entered on possession since the 24th of June, and the necessary constructions have been planned by the mining engineer of the Company. The requisite alterations and additions aro being proceeded with, and they will be completed before the first of the regular consignments arrives from New York. The directors have purchased the sta,npers necessary for the crushing of the ore, which have been forwarded to the premises. They have also given orders for the immediate constructicn of the grinding machine; of Jones's invention, which are required for the reduction of about two hundred and fifty tons of quartz per week, which will be as much as can, for some mouths to come, be conveniently brought over from the mine. They. have also • ordered the steam engines and other requisite machinery, which will be executed in time for the arrival of the ore. ARRANGEMENTS FOR WORKING TEIE MINE AND SUPPLYI is THE QUARTZ. When the directors had ascertained the possibility of ex- tracting the gold at a remunerative cost, they deemed it ' desirable to confirm arrangements, already initiated, for the working of the mine and the regular transmission of the ore to this country. For this purpose they were fortunate enough to secure the services of a gentleman, Mr. R. B. Thomas, who had already had much experience in America. That gentleman they despatched about two mouths since to the mine, armed with full powers to make all the arrange ments necessary. He was instructed to report upon the actual condition of the estate, the cost of raising, of convey ance from the mine to Fredericeburg, from Frederieshurg to New York, and from New York to Liverpool. His expe rience and energy of character enabled him to effect all these objects in a musk shorter time, and even with more success than the directors had anticipated. The result of his mis sion sets at rest the question of cost, and decides it in a man ner most favourable to the undertaking. * Mr. Thomas left this country on the 17th of May last, and on the 22d of June he was enabled to transmit to the secretary of the Company the letter, from which an extract has already been given. Having fulfilled the other objects of h's omission, Mr. Thomas deemed it exp e di en t t o re t urn immediately to'Eng land, that he might personally-explain the details of arrange ments. The following is his report : I - " London, July 18, 1856. "To the Directo rs o f th e Chancellorsville Freehold. Gold. Mining Company. "Gentlemen —In fulfilment of the mission with which you have entrusted me, I have visited your Mine, and have made myself acquainted with all the eironmstances, a knowledge of which is necessary to enable you to work it. " Your instructions having left me a considerable discre tidn, I thought it right to devote my attention to the two most important considerations connected with the sultect, viz., the value and working capabilities of the Mine (or, as I should rather describe it, the Estate with mines upon it), and the means by which the ore can b e transmitted to this country at the smallest expense. " Toe estate is 24 miles from Fredericsbnrg,' which i s a good shipping port. At present the access to that port is by an excellent plank road, on which the property abuts. A railway from Orange to Fredericsbnrg is in course of forma tion, which passes within's quarter of a mile of the property, and which will be completed in a year. " The supplies of quartz are inexhaustible, there being - vcral veins running through the estate, the principal •-• is traceable for mor e th an a m il e and a half, wit' Width of 25 yards. In some parts the wicl" .o which - This vein shows throughout a r i cho- ..,a an average taken. The other veins run al- .4 is fully 40 yards such decided surface indi- -468 which cannot be mis not so clearly defir - - ....ost parallel, but do not give tent as the r .....ations of ri c h ness . Th e i r: course i s mare'` - -oa, as they do not crop out to the sane ea. , ..astin vein, but there is sufficient quartz visibldtto , - • .~ a certainty that the supply will be more than suffi went to meet the demands for many years ; indeed, as I sad ibefore, inexhaustible. , "Labour can easilybeprocured at 150 stole., or 301. a-year, 1./aCiii*g koop t Any number of Allmon ciaa be elm*, S 'T ;,-; • .• vjek„, • • • . ' • •45) ~ Z I , iyavcsc, - #), - •, , A • Ar t*i f 0 , 97 ° ,„ ••• , ' .NT - - •2' • 04 • 1 69 , ' .." • kt, , • - 7. A r E r' crA„,e, (vz i • 0 Ron% • LONDON, Tp.ESDAY EVENING, ULY 1856. ously employed at various points, the ore being near the sur face, andtho great vein very long in proportion to its width. Mere are also six shafts, already sunk in a parallel vein, which are from 60 to 100 feet deep. AlAlut 600 tons of ore are at present lying on the surface, ready for immediate trani sion to England. " Thinking that the Company would desire to know the value of a better class of ore than that already sent, I arraugdd for the immediate shipment of 5) tons of this ore, which now on its way to this country. " As I have already stated, a railroad is in course of con struction, which passes within a quatter of a mile of the estate, going direct to Frodericsburg. This railroad will be completed in a year: When it is opened the cost of tranii mitting the ore will be about 2s. or 2s. 6d. per ton. For the present it must be sent by the plank road at a larger expense. " Hitherto the ore of tho. Company has been sent by coast ing vessels to New York from Fredericsburg, and from New York to England. I " The result of' my inquiries was to satisfy me that, at a future time, it might be su economy to the company to char ter vessels of about 150 or 200 tons, which could ship the ore at Fredericsburg and land it at Frodsham-bridgo, On t4t3 wharf of the company, thus avoiding the expense attendant on transshipment. " At present the cost of freight from Fredericsburg to New York istwo dollars per ton. The cost front. New York to England is 2 4 dollars per ton, or with commission fees at New York, ;three dollars. • " At present it is necessary to adopt the New York route. I arranged with Mr. Phillips, the shipping agent at Frederica burg, to receive all ore forwarded from the estate, and to ship it to New York. At New York, in like manner, I arrangbd with Mr. Lancing, of the European and Express agency, reship to Liverpool the ore so received from Fredericsburg4 " In conclusion, gentlemen, I have only to say that the *e suit of my mission has been to convince me of the value ard capabilities of the mines upon your-property. " I am, gentlemen, your obedieut servant, (Signed) " ROBERT R. THOMAS.' " Thera is on the estate about 200 acres of fine thnbtr, principally oak also, 100 acres of pine." - PROSPECTi. AND , -ESTIMATED—PROFITS OF TIIE;• . UNDERTAKING. It will have been seen from the foreg,oing . Statement, tliat some weeks must necessarily elapse before the operations; of the Company will be in full working order. But the Dire tors now know enough of the conditions under which they will be carried on to be able to form a definite estimate of 'l2.e future. The ore hitherto received in this country was sent indiseii minately by the parties on the spot. Nevertheless, from this ore, which is inferior to the average production of the estate, the results already rendered have been obtained. The Diise tors prefer to base their calculations upon the smallest ascer tained yield in bulk, rather than upon that which they sin cerely believe will be ultimately produced. They take, there fore, as their ground work a yield of lioz. of gold to the ton (vide Mr. Henry's Report.) At present they do not add any estimate of profit from the silver abounding in the ore, the arrangements for its separate extraction not being yet per fected. The nimhinery already in the Company's possession, or in course of construction, will reduce 246 tons per week, and the extent of the promises at Frodshara aftbrds ample scope for such increased operations as may be determined upon. The Company propose to bring over the ore at convenient seasons and to store it up at Frodsham, iso as to maintain a continu ous supply. The position and conformation of the veins of quartz aro such as to permit the employment of any number of men dis tributed at different points. No heavy machinery is repaired for this purpose, as all the necessary work can be done by manual labour under the personal superintendence of Capt. Hoskins, the well-known mining captain, who has hat a largo experience in ruining operations, and with whom arrangements have been made to leave this country, with a staff of minors, before the close of next week. The Directors have now ascertained, that the expense of raising, land and water carriage, and reduction at Frodshatn, will be under 81. per ton. The following, therefore, will be the results at the before mentioned rate of 246 tons per week. 246 tons per week amount to 12,792 tons por annum. 12,792 tons, yielding 5/. 10s. per ton (gross returns) .MX6 (Taking the price of gold as 3/. 15s. only. But this ' gold fetches a higher price (4/. 45.) on account of its purity). Cost of reducing .12,792 tons, at 3/. per ton 33,376 Nett annual profit on the Ore £31,080 Thus it is shown that the operations of the Company will yield a nett annual profit of more than 50 per cent. on the whole capital of 50,0001. after paying the royalty and the staff expenses in England and on the estate. This estimate, however, assumes that the yield shall bo only I.i oz. to the ton, and that the operations shall be limited to 240 tons per week. But all ascertained results tents to show that the yield will be much greater. That the calcula tion of quantity is very moderate, is attested by the fact that tho St. John Del Rey Company reduce upon the average mere than 80,000 tons annually. The Directors have no desire to iedulgo in anticipations which might appear extravagant or delusive. They would merely remind the Shareholders that th;3y have not included the profit on the silver (the yield of which is calculated at 20 oz. to the ton of ore, attainable at a cost of 21. par ton, and leaving a surplus of 8/. per ton), or on the sale of the finely ground reins., which, in the opinion of practical men, will pay nearly all the expenses. All possible economy has been exercised in the expendi ture accessary to arrive at the foregoing results ; and the Di rectors feel assured that the operations at their Works will he sufficiently advanced, to enable them to make their first half yearly statement to the Shareholders before the close of the present year. _ The Directors aro happy to be able to repeat to the Share holders that the original capital of 50,000 t. is more than suf ficient for all tho requirements of the undertaking. By order. _ W. S. _TROTTER, Secy. 1, Great Wiiieheater-stroet,ly 260856.. Copies of this statement may be obtained at the office of the Company. LONDONand WESTofIRELAND FISHING and FISH MANURE COMPANY. (Limited.) To be carried on by means of welled vessels, attended by screw steamers as carriers. . - Provisionally registered under the Limited Liability Act, whereby the liability of shareholders will bo limited to the amount of their shares. _ _ Capital, 50,0011., in 5,000 shares of 101. each, with power to increase to 100,0001. 40,00/..(0f which one-half has already'been secured by pri vate subscription), namely, .8/. per'share, payable as follows -21. as a deposit, and the remainder in three separate calls, at intervals of not less than ' three nymtlis. The shares may, however, be paid up in full at once, and:in that case interest at 51. per cent. will be allowed upon all sums paid in antici pation of calls. -• . In estimating the amount of profit which maybe realised by this undertaking; the directors are anxious to avid all statements which might give rise to extravagant expectations; but a most careful co.'culation of the annual expenses, and a moderate estimate of returns, upon authentic data; show, upon the first branch of the undertaking—namely, fishing., purchase, and curing of fish—a returi of from 30 to 35 per cent. upon the capital. The plan of operations and other information are frilly de tailed in'the.prospectus, . applications for which, and for the explanatory pamphlet, and. for shares, are to be made to the Solicitors, Brokers, or to the Se rotary, at the offices of the Company, either iii: London or Dublin. Form of Application for Shares. • To the Directors of the Loudon . and West of Ireland Fishing and Fish Manure Company (Limited) 32, Regent-eireus.Tineadilly, London.,. Gentlemen,— I request that you wild. allot me shares . at 101. each in the above-named C om p an y, and I iindptaile to accept the same, or such less number as you may allot mb, to pay for the same, and to sign the deed of settlement ofitlke 4 Company, as knd when required, and T enclose (have paid into the bankers of the Company)* a deposit of £ .—Dated this day of ,•18.56. • Name in full., Preession or business Residence in full Reference N.B. Each application must be accompanied by a deposit of, or a banker's receipt for, 2/. Por share. Should the full number of shares applied for not bo allotted, a proportionate part °Me deposit will be itnmedi ttely returned,. * Alter as the case may be. 111 HE EUROPEAN and INDIAN JUNCTION TELEGRAPH • COMPANY. (Limited).—(From SELEUCIA to the PERSIAN GULF).— ; (Uniting the Lines of the English and Continental Telegraph Companies with the electric cable of the Honourable East India Company, from Kurrachec to the head of the Persian Gulf.) OFFlCES.—Gresham House, Old Broad-street. To be Incorporated by Act of Parliament. Capital 200,0001., in 20,030 Shares of 101. each. With Power to increase. One-half of the shares to be allotted to the Seripholders in the Euphrates Valley Railway Company, in the proportion of Ono Share in the Telegraph Company for every Five Shares in the Railway Company. _ The Directors feel s assured of obtaining a concession from the Ottoman Government, with the necessary powers and priviloge,s. From the arrangements now in progress, a set tled income may be expected on the capital of the company. Deiosit, 10s. per Slire. W. P. ANDREW, Esq. (Chairman of the Euphrates Valley and Sciude Railway Companies ) DIRECTORS. William Ainsworth, Esq . ., F.G.S. and F.R.G S. (late Geolo gist and Mineralogist to the Euphrates Expedition): Philip Anstruther, Esq. (late Secretary to Government, Cey lon, and Deputy Chairman Ceylon Railway Company). Harry Borradaile, Esq. (late Bombay Civil Service, and Di rector of the Euphrates Valley Railway Company). . _ Sir James Carmichael, Bart. (Chairman of the Submarine, and Member of Council of the Mediterranean Telegraph Com. panics) • _ _ George B Carr, Esq.; 5, Lawrence Pountney-place. Col. A. Cotton (late Chief Engineer, Madras). Capt. H. B. Lynch, C.B.,LN. (late Commanding on Euphrates and Tigris). Sir John Macneill, LLD., 1 1 ,11,,5. (Engineer in Chief of the Euphrates Valley Railway). Sir T. Herbert Maddock, ALP. (late Deputy Governor of Ben- gal and Director of the Scinde Railway Company). Major J. A. Moore, F.R.S. (ex Director of the Hon. East India. Company, and Director of the provincial Bank of England). Francis Horsley Robinson, Esq. (late Chairman, Board of Revenue, Upper India, and Director of the Seinde and Euphrates Valley Railway Companies). Thomas Williams, Esq. (Director of the Seinde, Euphrates Valley, and other Railway Companies). AUDITORS. Lieut.-Col. H ,B. Henderson (late Officiating Auditor General, • Bengal.) J. Edmund Anderdon, Esq *(Diroctor of the Bank of London.) BANKERS.— BreSSrl3. Glyn, Mills, and Co. SOLICITOR.—J. A. M. Piunigor, Esq. SECRETARY. —L. W. Raeburn, Esq. The Honourable East India Company has determined to lay a telegraphic cable from Kurrachoo to the head of tho Per sian Gulf. The Austrian Government has established a company with the requisite capital, paid up and guaranteed by the State, for constructing and laying down a Submarine Electric Tele. graph, in connection with its land lines, from Castara or Ragusa, on the coast of the Adriatic, touching at Corfu, Zante, and Candia to Alexandria, and thence by Jaffa and Beyreut to Seleucia ; and have just concluded a contract for the immediate execution of tho work. The Austrian Company gives to the English Governm mt and the East India Company a priority over the public in transmitting their messages. Tho European and Indian Juction Telegraph Company (Limited) is established with the view to continue the elec • tric communication froth Selcucia, along the line of the pro posed railway, by Aleppo, Ja'bor Castle, and the Valley of the Euphrates, to the head'of the Persian Gulf, thus complet ing the only remaining link between India and England. The English Government will soon be able to communicate with Malta and Corfu by a line to those islands from Cag liari, in the Island of Sardinia, to which point the Mediter ranean Electric Telegraph is advanced. From Cagliari, the French and Sardinian Governments will have direct telegraphic communication with Alexandria and the East. All parts of India are or-are about to be brought in tele graphic communication with Kurrachee, and the cable from thence of the East India Company to the head of the Persian Gulf, with the wires to be laid down by this Company will bring India by nearly 2000 miles nearer England and the Continent. . When the Submarine and Indian systems meet at Seleucia the connection between the East and the West will be com plete, and England, the Continent, and India will be in hourly communication. From the arrangements contemplated it is certain that the best and safest telegraphic routes will be secured to' this country. The Austrian Government has most strikingly evinced its interest in this great undertaking, and its desire to main tain the position as the medium of communication between other nations, by undertaking tilt completion of so large a portion of the line. The British Government and the Mon. East India Com pany duly appreciate the power of supervision and control put into their bands by the telegraph, binding together in one the isolated and distant dependencies of the empire, and are prepared to extend their countenance and support in a fair and liberal spirit. The merchant and the shipowner are well acquainted with the inestimable value to them of the power of imparting and receiving prompt information. It is well known that heavy loss has been suffered by the Indian mercantile community through the non•receipt of immediate news of the adoption of the Austrian propositions for peace. The heavy contracts made in Calcutta and Bombay in January last, for oil seeds, jute, and saltpetre, would have been prevented by a single. message. But the grand source of revenue will be derived from the constant desire to communicate which is felt by members of families when at a distance from each ether; and when it is considered how many thousands of families in England hair() some near relative in India, the revenue, it is believed, from this source aloee, will be very large. From the most reliable data that can be collected, the Directors feel confident that, besides the pecuniary assistance that may be expected from Government and the Honourable East India Company, a highly remunerative return may be expected on the capital embarked. Tho Directors have the satisfaction of staring that they have secured the valuable co-operation and assistance of Mr. John Watkins Brett, the inventor and projector of the , Sub marine Telegraph. _ Mr. O'Shaughnessy, Superintendent of Telegraphs in Inclia,, having already laid down in that country 4,000 miles of eke- . tric wire with extraordinary economy and success, and as the cable in connection 'filth the Indian system is about being carried from Kurrachee to Kurnah, at the head of the Persian Gulf, und6r his supervision, an application haa been addressed to the Court of Directors of the Honourable East India Cola pany with the view to secure the advice of this eminent and successful officer,to this Company, so as to insure uniformity of design and management throughout, from Calcutta and Peshawur, Bombay, and Madras, to Seleucia. The Honour able Court have already intimated that they " would have no objection to the experience which ho (Mr. O'Shaughnessy) has acquired in India being made available for the lino through Asiatic Turk oy." • " The electric telegraph is the most beautiful and surprising invention of the age, and nothing is more interesting than to learn its rapid progress and wonderful results. The tele graphs of America are surpassed in length, solidity of con struction, and cheapneSS Qf working . by Om whioi viola thz last few - s - ear - Z ile ~,,' 0, ,,: t Lat• e Nave been debating Mid fighting on the Eastern question, have been carried over the 'length and breadth of India. From Calcutta to the Indus, to Bombay; .td MadraS, the messages of Government and Mai fidiltili I thii, ,s addci hip OA fet!. hdttit, at a coutparatively *Mlle. C 6 la is to tie United to the mainland, anti the time is already looked upon as near when the Telegraph will dross the Mediterranean, run along the Red Sea and the coats d thb inctiad deeart (or rather by the Euphrates and the Per ilia tinif), and unite London and Calcutta in hourly commtt ideation. . We ,cannot doubt that this work will he soOn achieved, and that no very long period will elapse before the wires extend to Canton and Shanghai, and perhaps, running from island to island, will stretch on to Sydney and Mel botirte,• and the great eettleraeuts of the antipodes."—Times, June 1, 183t1. Qin-half of the shares in this company are offered to the soripholders in the Euphrates Valley Railway Company, who may apply on or before the 2d of August, in the proportion of one share' in the Telegraph Company for every five shares in the Railway Company- The letter of application must be accompanied by the scrip of the Euphrates Valley Railway Company, which latter will be forthwith returned, after being certified. The shares not so apportioned will be allotted to the public who may have applied on or before the above date. i No call will be made until the concession has been sceumd by the finnan of the Sultan, and the other arrangements cqn templated by the Directors are completed. FORM or APPLICATION POR. SHIRES. . To the Directors of the " European and Indian Junction Te• legraph Company (Limited)." I request you will allot to me shares in the capital of the above named Company, and I hereby engage to accept the same on the terms of the Pro'spectus, and to pay the deposit and future calls thereon, and sign the deed of incorporation as and when required by the Diluters, andsubjeot to their 9leF and rqulatigue. Name (in full) Occupation Address and date Number of Shares in Euphrates Valley IvTAY Ow:DPW (Limited) ~,,,,,,, PUBLICATIONS. THE 'NEW NOVEL, E v • E L Y N MARSTON, _ BY tho Author of "Emilia Wyndham," • • Is now ready at all the libraries, in 3 vols. The anther has made in.' Evelyn Manton' a cm•tiderable s ivanee nvcr her Liter factions. She has chosen a now ficUttbY the subject of her , ale, aad con - elved her principal actors with her prl?tine as wellAS executed tlie . 4l WStliJfier pristina flairik.^—:-Spectator. Ilurst and Blackftt" itenry Colburn. •%,•1.4. pARIS.:-STANFORTYMNICW GUIDE TO PA RES.—Containing Instractiotis l..)efl4re Starting, Routes, (Tote's, Restorateurs, Pubic Convey%ances, Police Regulations ' Ta hies. of Preach Money and Measures, a 'Short — History of Pads, its Governm,nt, Public Buildirge, Ecclesiastical Edifices, 'Curiosities, ,Placas et Puhlie Anmsements, Environs of Pal i 4, Bce., &.c., with Two Asps, an.l a, view of the Exhibition Building and Champ Elysees. Price, Half-a-Crewn. "Correct, consistent, and satisfactory, it contains abundance of information, well selected, welt arrange 1, alit eleasantly conveyed, on all points, of inv4risble inquiry."—Athenmunt. "Every nee iful information. .. A. very rood Map of Paris is appended to the volume, and Also a Map of the routes."—Liter .ry Gazette. _ . Dmiclon Fd ;Kara Stanford, 6, Charing-cros., whose. Circular Let ter relating to Passports, Guide Bao'ts, anti Map of the Continent tan be had en application. f.R.. ALBERT 8 1%1 ITII'S 111.QN'T 13L ANT, w A._ TO-NIGHT, and EVERY EVENING J(except Saturday), at R o'clock, and Tuesday, Thursday, and .aturday Mornings at 3. stalls, as. ; area, 2s. ; gallery, Is.—Egyptian Hall, Piccadilly. ROYAL GARDENS, CREMORNE.— ~ The present Week at this delightful resort will be specially marked as ae of the most extraordinary Festivities and Attractions, each night being devoted to Some particular Fete or Gala. Monday and Tuesday, Great Terps chorean cud al Fresco Displays. Wednes day, Balloon Ascent and Grand Equestrian Spectacle. Thursday, /tlonstre Jubilee and Day and Nl,4lat Fes rival, for' he Benefit of the Proprietor, Mr T. B. Simpson. On this occasion the Entertainments mitil-Attr3ctiotillOvill-la4Llia4oaaat.ta a natural/a-Le exceed aU.tor _ rner attempts. Friday and Saturday, Prenarato•y Galas and Cril liaut Gathering for the Fete of all Nations. Open daily ; One Shilling; Thursday. T. R. Simpsen's Benefit Night, Admission, 2s. Gd. The Free List is entirely suspended on that day. • CANTERBURY HALL, Westminster-road. —OPEN' EVERY EVENING.—The celebrated HUNGA RIAN RANI), under the direction of Herr KALOIDY, will perform ,very E 'ening at 9 and II o'clock, in addition to the usual Vocal Entertainment The following company of talented Vocalists are permanently engaged for the performance of Selections from all the Popular Ope aff, Ma lrigals, Choruses, Duets, &c., viz. :—Mts. J. Caulfield, Miss itrunel, Miss Sommers, and Miss Pearse Sam Cowell, Mr. J. Caulfield, Herr F. Jonglunans S. Jones, T. Farrant, W. Melling, Barker, Russell Grover. and P. Corrle ; Masters E. Con nell, Austin, and Bennett, and Mr. T. Macknoy. Pianoforte, Mr. J. Harroway, R.A. , harmonium, S. Caulfield, jun. ; director, Mr. J. Caulfield. Commence at seven o'clock precisely. Suppers, &c , until twelve o'clock. R. W. S. WOODIN'S OLIO of ODDITIES. k TO-NIGHT and every evening, at 8. Box-office open from 11 till 5. The , bore entertainment has received novel additions, Vocal and Visual, including a New Loco-joko-Motive Lyric, entitle 1 OFF BY THE TRAIN, illustrated by numerous changes, facial, lingual, and corxweal. Mr. W. S. Woodin as Mrs. Florence, in the " Yankee Girl," a ith the songs of " Bobbing around," and " Polly, won't you try me, oh !"—Polygraphic-hall, King William-street, Charing-cross DR. KAHN'S ANATOMICAL MUSEUM, 4, Coventry-street, Leicester-square.—Open (for Gentlemen only) from 10 till 10, contain►ng upwards of one thousand models nil preparations, illustrating every part of the human frame in 'ealth and disease, the race of men, &c. Lectures delivered at 12, , and half-past 7, by Dr. G. Svcrorr, F.R.G.S. ; and a new and dghly•interesting series of Lectures is now in course of delivery ay Dr. KAHN, at 4 p.m. precisely. Admission, One' 4hilling. ELIGIBLE GROUND RENTS.—The CON sEItVA I UV. LAND SOCiETY.—NI.tETEEN LEA-ED l'S, at 71. and 101. 10s. ety:h per annum, for t 9 years, will be offered on the Brighton Estate, together with other eligible Building Plots, for which flrat-rate ground rents maybe obtained, on VIERS DAY, August 7th, at the Offices. No. 33, Norfolk-street, t' trand. Some valuable riots, at the original prices, will also be allotted on St. Margaret's Estate, noar Richmond ; the Woodbury-park Estate, Tunbridge Wells; the Seven Sisters' Estate, Totte , ham ; tin. Oat lands Estate, Weybridge; the Dewn , hire-square Estate, Reading'; the West Malvern Estate, Malvern Bilk; the Brockley Hill Park Estate, Forest•hill ; the Hounslow and Hertford Estates ; the Wood green Estate, Hornsey ; and the Enfle:d Estate Plans will be sent on aoplication, as also' prospectuses of the Society, as an investment for capital a d savings, without taking land. CHARLES LEWIS GRUNELSEN, Secretary. AWIDOW LADY, having a thorough know. ledge of Domestic Management, is most desirous of an En gagement as Companion to a Lady, or to superintend the family arrangements of a Widower or elderly Gentleman.—Address, C. G., Ilrs. L'retty's, 5, Coldbith-place, Blackheath-road, Blackheath. ETROPOLIT A.N COUNTIES and LYA. GENERAL LIFE ASSURANCE SOCIETY, 27. Regent • •treet, London, July, 185 G.—NOTICE IS HEREBY GIVEN, l'ha t the II AL F-YE ARLY INTEREST on the capital stock of this Society and on the bonus declared on same is now l'ayAble, and may be re ceived at this office any day between 10 and 4 o'clock. • F. FERGUSON CA NI ROUX, Manager. Life Assurance in its various branches. Throe-fourths of the profits divided ft fir n; the assured. The bonus declared at the last division of profits averaged 3 per cent. on the premiums paid. SUN LIFE ASSURANCE SOCIETY, LONDON. Policies effected with this Society now will PARTICIPATE IN POUR-FIFTFIS, or 80 per cent., of the Net Profits of the Society, ,ccordm4 to the conditions contained In the Society's Prospectus. The Premiums required by this Society for insuring Young Lives are lower than in many other olii-estab'ished offices, and Insurers are fully protected from all risk by an ample guarantee fund, in addithn to the aceutualated funds derived from the investments of Premiums. Policy stamps paid by the Office. Prospectuses may be obtained at the Office in Threadneedle-street, London, or of any of the Agents of the Society. CHARLES HENRY LIDDERDALE, Actuary. LONDON and. NORTH-WESTERN EILLWAY. —ALTER A.TIONS FOR. MMUS ", 1856. • Tao Expro s Train, leaving Birmingham for London at 7.30 a.m. w 11 call at Rugby-. The 8.0 p.m. Train from London will cease calling at Boxmoor and Whitmore. Ihe 9.15 p.m. Train from London will be cmiltined on to BoX- Moo-. 1 he 8.0 a.m. Third Class Train from London to Birmingham, and the 8.30 a.m Third Clas' Train from Birmingham to London will call at the Kilburn Station on Sundays. By order. MARK l3tTI811: General Manager's Office, Euston Station, July, 1856. a•BEAT-WESTERN RAILWAY.- NOTICE IS HEREBY GIVEN, That the 'next HALF YKARLY GENER AL MEETING of the Proprietors of this Coro nary will be held, pursuant to act of Parliament, in Bristol, at the Bristol Station, on FRIDAY, the 15th day of August next, for the general purposes of businerrs. The chair will be taken at 1 o'clock precisely. BARRING CON, Chairman. .JOIIN WM. MILES, Deputy-Chairman. The Trstusrer Books will be closed on the Ist day of August, and will not be opened until after the said half-yearly general meeting on the 15th day of August. London Terminus, Paddington, 17th July, 1856. GREAT WESTERN and SHREWSBURY RAILWAYS. NORTH WALE; TOURIST TICKETS available for Three Weeks from the day of issue. 7 hese tickets will be issued until the 15th October, at Paddington, (Wont, Birmingham, and Wolverhampton, to Chester end back, with permission for the passengers to stop at Shrewsbury either going or returning, to proceed either irom Llan'ollen-road to Ceravren, or from Oswcstry to Welshpool by coach, the London passengers hav ing the option of calling at Leamington and Warwick. and retuning to London either via Shrewsbury, Hereford, Ross, and Gloucester, or lia Shrewsbury. Birmingham, and Oxford. Ist Class and 2d Cies% and Fares. Inside Coach. Outside Coach. From London and back......... ...£3 10s. £3 10s. From Oxford and back... •• • 2 10s. •• • • 1 IN. From Birmingham and back ...... 2 Os. .• . 1 103. From Wolverhampton and back 1 15s. .... 1 7s. These tickets are available by any train, bat aro not transferable, and they de not entitle the holder to travel twice in the same direc tion over any portion of the lines of railway. Passengers can proceed into the interior of Wales by coach frcm Corwen or Welsbpool, by arrangement with the coach proprietors from those places. MR. HOWARD, surgeon-Dentist, 52, Fleet street. has introduced an entirely new description of ARTI FICIAL TEETH, fixed without springs, wires, or ligatures. Thoy so erfectly resemble the natural teeth as net to be distinguished from he original by the closest observer; they will nerve change colour or decay, and will be found very superior to any teeth ever before used. This method does not require the extraction of roots, or any painful operation, and will support and preserve teeth that are loose, and is Juaranteed to restore articulation and mastication. Decayed teeth rendered sound and useful in mastication.--52, Fleet-street. At home from ten till five. SCHWEPP'S - MALVERN StLTZER WATER. —Having leased the Holy Well Spring at MalveiA, renowned for its purity, J. S i ancl Co. can now produce a SELTZER WATER with all the Chemical sill Medicinal Properties which have rendered the Nassau Spring inaglelWed, , They continue manufac tUT lug SODA, MAGNESIA, antPOTASS WATERS and LEMON ADE, at London, Liverpool, BristOrialitlLDerhy. Every Bottle is protected by a Red Lab el bearing t h e ir signatures. ORNAMENTS for the Drawing-room, Library, and Dining-roam. consisting of a irw and eleant assortment of VASES, Figures. Groups, Candlesticks, Obelisks, Inkstands, beautiful Inlaid Tables, Paperweights, Bz , c , in Italian Alabaster, Marble, Bronze, Derbyshire Spar, See. Imported and manufac St tured by JAMES TENNANT, Mineralogist to her Majesty, 149, rand, London Mr. Tennant arranges elementa r y collections of Shells, Minerals, stdy and Fossils, which will greatly facilitate the interesting 0, u to 100 of Mineralogy, Conchology, and Geology, at 2,5, 10, 20, 5 guinsas each. Practical Instruction in Geology and Mineralogy is given by Mr. TENNANT, at 149, Strand. - __-L------ --- __ GREY HAIR RESTORED to its ORIGINAL I COLOUR with case, safety. a nd certainty, by the PATENT GALVANIC COMBS and DRUSIIE4, which are als a an unfailing remedy for nervous headache and all neuralgic affec ti edy," gratis, ons. Illus. , trated pamphlet'," Why 'lair becom es Grey, and its Rem or by post for four stamps. Neuralgia, and all Rheumatic affections are perfectly eradicated by the Patent Galvanic Flesh hushes, the most safe, simple. and efficient galvanic instruments extant: patro nised by the faculty. Ofiices :—F. M. HERRING, 3, ltasingliall street. Agents:—Child. South Gallery, Crystal Palace ; Savory and Moore ; Atkinson, 24, Old Bond-street ; Godfrey and Coke, Conduit -315 Is, Winter. '205, and Kennedy, street ; Ilendrie, 12, Tickborne-streot ; Twinberr.w, 2, Edwards street, Portman - square ; Saunders. 166, Oxford-street ; Ross, 119, Bishops;ate-street ; Rimmell, Ger , street, Soho ; Worn. 17, avrson-street, and Birch, 1, Motes worth-street, Dubin. Sold by a D ll chem'sts and perfumers of repute. ---__ The Third Edition. Just Pub lished, price Is., by post, free, ss. 6d. ON TRUE & FALSE SPERMATORRII(EA, with the view of distinguishing the Imaginary from the teal Sufferers under this disease, and Correcting of wide-spread Errors in relation to their Treatment and Cure. Translated from the German of Dr. PICKFORD. " Dr. Pies ford is Known to English rcad ertures by hie frequise thnte practi first al contributions to German medical lite ra. This me, he inform as, that he bas addressed himself to the runa-mcdt :al reader. We trust this may not ho the last, it he shall detect any vi e r equally flAgrant evil which it may be in lii4 pJwor to cor ect."—lA,n,lon Medical Gazette. " The tribe of ' Quiet Sympathisers,' tnd . Medical Priends,' are macilessly exposed; , an. it this bock sum find it , , A y into the hands of thoso who stiffer from the com 'taint of NV hlCh it treats, wo exe satisfied that many bundreds wordc to saye4 jnneti needless suffering of body and mind, and what is el , s , i m portniee, though it 'is that which the quacks most wip-. iuch moncy......This volume is well qualified to put an end to the zpirical syttou of treating elpermatorrheea, and to place the treat. ient upon a more rational and physiological basis. It is, tlicrcibre, te'y to 0 much good."—Diedical Circular. WWII; 8. Dalliore, 2111 liegont-itroet, DIRECTOR% General Sir 'JOHN BURGOYNE, Bart., R.E., G.C.13., D C.L., Inspector-General of Fortifications, War Deprt ment, Pall-mall, Chairman. The Hon. W. Napier, Managing Director of the Lands Im provement Company, Old Palace-yard, Westminster. Charles Balfour, Esq. (Messrs. Balfour and Co.), 33, St. James's-street, and Edinburgh. Francis Edward Bigge, Esq.,. Wateringbnry, Kent, and Union Club, Trafalgar•square. Ed ward ... Chapman, (Messrs. Chapman and Hall), 193, Piccadilly. Lieut.-Col. French, 8, Duko-street, St. James's, and Galway, Deputy Chairman of the Bombay, Baroda, and Central India Railway Company. Henry S. Pitcher, Esq., Northflect Dockyard, Kent. William Pulteney Scott, Esq., 55, Lincoln's-inn-fields. John Shorter, E3q. (Messrs. Shorter, Pownall, and C 3.), 1, Laurence Pountney-place, Cannon-street. Thomas Osborne Stock, Esq. (Messrs. Burgess and. Stock), Lloyd's, and 18, Austinfriars. Thomas Edward Symonds, Commander, R.N., Manning Di rector, resident at Galway. Charles Whiting, Esq., Beaufort-bouse, Ste-and. BANKERS. Loudon—Tho London Joiut Sock Bank, 5, Prians-street, Mansion-hous; and 69, Pall-mall. Dublin and Galway—The Provincial Bank of Ireland. Solicitors—Messrs. Valiance and Valiance, 20, Essex-street, &rand, London. Auditors—J. E. Coleman, Esq., 36, Coleman-street, City,. one of the Offi c i a l Auditors appoiated by the Board of Trade ; George Cumming, EA., Manager of the Kent Mutual Life and Fi re I nsurance S oc i e ti es. Brokers—Messrs. Field, S on , an d W oo d, W arn f or d-court. Secretary (ad. int.) -E. Matthews, Esq. Oftlees--London, 32, Regent-circus, Piccadilly; Dublin, 21, Upper Sackville-street. Principal Fishing Station, Galway—Manager, Mr. Thomas Wade. Factor and Age n t i n London—Mr. George Stevenson, 10, Billingsgate. 'This Company comprises within its objects and operations two branches of business : (I.) A system of tidep-sea fishing and the purchase and curing . of fish en the west coast of Ireland, the principal fea ture of the plan being the employment of steam-vessels as earrtsrs from the fishing grounds to the railways. (2.) Tho manufacture of fish manure or fish guano from the inedible fish and offal, and the extract of fish oil. The Directors refer with gratification to the observa tions of the press b o th i n England and Ireland (set forth as an appendix to a pamphl e t , which, with full detailed prospectus, may be had on appli cat i on), expressing in the most forcible manner favourable op i n i ons of the undertaking, not only as to its success in a commercial point of view, but as likely to be beneficial to Ireland. As to tho first branch of operations of the Company namely, fishing and the purchase of fish, it may be stated that the waters of the west coast of Ireland abound with tho choicest co& turbot, soles, lobsters, and other fish, but hitherto, °Wing to a variety of causes well known, these vast resources have not been turned to profitabla to carry account on a large scale. The CompanSl' proinots t out a system of general. fishing tli the deep sea b an k s , an d t o iaerefore description throughout the watt cdast Prir.cipal features in this plan is OA a ne aa ar i e ly st atra itevs.eveTrahlesliethiaesista,tiionnse,oniabnid. eopmfilp.crileicimnedefisnathOoefnfes°tovefealit'nYh.-e-vesseLs as esariait , ijk N afitsa tail fish the te Electric Telegraph and fast thina c4n late i'all ways, added to a plentifill supply Of ieet iaill 'insure a lame and regular delivery of fresh and ati v i:ed fish in good eonditioa, .e cci ol t l iat e l c within a few hours at tha illta.ets of London, Dublin, Liver to to vc na lli tio b n e 001, Birrainghanl, Manchester, Bristol, and all important s in the ki'agdom. The Company's arrangements are in a sufficient state of fonnal.dness to justify the expectation that fishing operations Will be commenced in the month of October next. The fleet will, in the first instance, consist of two cored* steam carriers of about 150 tons, six welled vg4sols Gt about 90 tens, and six of about 50 tons. There 1 111. also be store vessels for keeping fish, and lobsters • of from 30 to 35 feet long for !'. anve, and several boats drift-net , _ ndaut ~,,-. Jame and fishing. A most abundant :dry of marketable fish may be calcu lated upon, and - have been made which will arrangements insure a eat- confirmation of ,of almost any quantity. In this fael.. 4 the Directors refer to the document in the Appendix, bee - ' signatures of the principal fishmongers in London. - the As to the seambranch, d namely, the manufactur e of fish manure or fish guano, oil, and glue, from the coarse and inedible fish , and the offal of the curing stations. It is impossible to overrate the importance of this branch of the business. h d and incontrovertible fact, th a t f u lly It is an establis e one-half the fish taken either by trawl or lipo fi s hing, is inedible or unsaleable, and heretofore the greater p ar t ha s. been throna overboard. In addition to this it is also known . that by the use of proper appliances an unlimited quan tity of every description ofcoa rse coast of Ireland. These and fish and efustacea may be a rea dily procured on the western ketable fish, the Directors intend the offal of the prime el* mar d fish manure or fish u. converting into pulverise guano . M t 9 call iip only Mto Capital - it is at pretat pr9P "7 or -. . . , V liftlitti,, , li.... 4s 1 ' - Ift ' .1 1 1 • • . .71A.k 0, 1 L 1,,, . 4 , J - .14..1 penauc 4D. STAMPED ' VICTORIA. 3 :01VDON DOCKS.—SALE OW Stol#llg4 i 81. order (if the Prihr4pal Officers of her Msjest±'it . War Papa r ;ment, to be Sold, by public auction, in the Vic toria London Docl.l i. on THURSDAY, 31st July, and FRIDAY, Ist Atrgust, 134, at Elc yen o'clock in the forenoon precisely, the follow ing STOIWS, viz.: -, To /1 (various), accoutremcnts,•fur caps, water proof co.it.i.:Gc., bede 'mg, sneepskin Coals, great coati, gregos, but fair, robes, t-'ll ware, . heel ropes, coats, lined f ur boots, forage cords and nets, iron bedstsa d., and miscellarreoas articles. . ?or's Stores, consisting of lime or lemon juice, • Aiso, Medica. l r ai n g fl 11 for candle stoves. pre served froitv. from la to 4 o'clock on three days previous to the ' May be viewed had tat the War Department, Pall•mall, the 1 sale, an 4 catalogues ti oolwlch. arid Victoria Docks. Tower, Royal Arsena,,. • l' THOMAS . HOWELL, Director-General of Contr a cts. • - . TEE SOUJ(D , 1-)CIES.--REPOIZT. ' • ited to inquiro'into th e The select coMmittee appei. • operation of the Sourd Dues, to consider in w h a t degree they are detrimental to t. ' 0 commerce of the country, and who were empowered to .rt'D. , rt their obser vations, together with the minutes of eviciee, 'e taken bo tore them, have considered the matters to the', I referred, and have agreed to the following report Yonr committee have considered the matters ret..Tred • to thew, and have to report that they have examh, ed witnesses from different parts of the country, including 1 merchants, manufacturers, shipowners, and others in- terested in the Baltic trade (as well as the British Ali- ' nister at Copenhagen), and have found a very general concurrence of opinion among them as to the effect and operation of the Sound dues. . Your committee did n,t consider it within their pro vince to inquire into the right exercised by the crown of Denmark to levy tolls on ships and merchandise passing between the German Ocean and the Baltic Sea. It is a matter of history that this country has ac quiesced in the payment of these dueS for some centuries _past, and, at this titne_taley4re vaid and regulAte4. 4*r - erigagetnent by treaty Midi; between the two cotintrie l s for that purpose, . In the year 1340, and several previous years, coni plaints having been urged by the trade upon the Gn vernment, of the injurious operation' of these dues, h revision of the tariff took place, and in -1841 the treaty (now in operation), purporting to give effect to the new regulation,' was concluded in London. • The dues which are now imposed consist of a fixed uniform- duty levied uniformly upon ail ships 'above 49 tons, and a smaller duty upon vessels of less tonnage, the proceeds of which are said to be applied to the rea'n tehance of lights, buoys, and beaCons ; and also of du ties on cargoes levied specifically on'certain goods which are enumerated, and on all goods unenumeiated, tw i t the rate of one per cent. ad valorem, the amount of which is avowedly for the purpose of Danish revenue. The mischief and inconvenierc) attending upon the payment of these dues appeared a matter of great com plaint among all persons engaged in this branch of our trade. This seems to wise partly from the rate at which they are levied, but mainly from the manner in which they are collected. The detention of vessel?, rendered necessary by the collection of Sound dues at Elsinore, appears to be a fer tile source of mischief and needless expense, which is not adequately measured byithe payments actually made to the. Danish Government. Competent persons, such as shipowners, and those who have commanded vessels in the trade, have stated to your committee that the loss of time consequent upon this circumstance max be estimated on an average to amount to one day in a voyage ; for though it he possible to comply with all the requirements connected with this impost in a few hours, yet owing sometimes to the loss of a fa• vourable Wind, or to the circumstance of a number of ships arriving at the same time, or to the arrival at a time when the Custom-house authorities were not bound to at- tend, or to the induceueents which present themselves to the captains and crews when ou shore to remain longer than they need, vessels are said to be detained occasionally for periods varying in time from one day to three months ; instances having been mentioned where, owing to this delay, at an advanced period of the season, vessels have been unable to quit the Baltic, and have remained in that sea during the winter. The risks of suoh prolonged detention apply less to steamers than to sailing ve;sels ; but, on the other hand, the cost of detention is greater in the case of steamers. The system under which vessels are cleared at Elsinore, by the agency of persons who derive their profit entirely from that business, has been shown to your committee to be attended with great expense and incr4ivenience. The captains and masters of vessels are bound to go on shore, which they do either in their own boats with the crew of the ship, or in boats which go out to them, and which are paid according to a tariff,, the charge varying with the state of the weather, and amounting occaiion- ally to 51. and upwards ; the latter 'mode, however, being preferred in order to avoid the consequences of the crew going on shore. The captain is here met by agents, of whom there ars about fifty at Elsinore, whose profits are stated by some of the witnesses to be very consider able. They undertake thdclearance of the vessel, pay; ing,tall the dues demanded at the ctistom-honses, on which they charge a commission of 3 per cent., and draw a bill on the merchant for the whole amount. It is a matter of mush complaint that these charges, which are only incidental to the payment exacted by the Danish Government, amount to more than the dues themselves, in some cases being double the amount ; and an agent's account was submitted to the committee, showing that the dues properly so-called amounted to one-fourth only of the whole chaTges for which theowner of the cargo was made liable ; tnese are composed of various items, such as commission, expedition, transla tion, stamped paper, ete. ; and though some of these charges aro sanctioned by treaty, the account when de l'vered is seldom examined, ald if questioned, redress is difficult to obtain. Mr. Wilson, of Hull, say e: —" We have to take the ac )unt of our agents, and I do not see that we can check them; we should always be in a correspondence with them if we did ; wa are completely in their hands ;" and witnesses admitting the correctness of the return that has been made by the DanishGavernment in the amount alleged to be paid by this country, namely, 70,0001. per annum, place the burden falling on British commerce at net less than between 200,0001. and 300,0001. The loss from these superflhous charges is aggravated by the risk incurred by the captains delaying in return to their ships ; many of them receive gratuities from the agents, either, as it is said, to disclose the full value of their cargoes, or as an inducement to employ the same agent again ; and they areinduced to layout their money in the port, and are exposed to the temptations afforded by cheap intoxicating liquors. Great complaints have also been made of the temptations held out bythe agents at Elsinore to captains to purchase stores unnecessarily. Mr. Fleming, of Dundee, has given, in the follow ing passage, a summary of the mischiefs which follow from the stoppage at Elsinore : The delays ships meet with at Elsinore from having to remain for their necessary papers from the Custom-house is often the cause of many disasters. In fine weather the master may be on shore for two or three hours only, but if the weather is not fine he may be absent five hours and occasionally much longer. The roadstead in spring and autumn is very exposed and unsafe anchorage, and frequently serious accidents occur, such as collision, slipping chains, parting from anchors, driving on shore ; and some ships are lost, and the crews drowned. A. ves sel arriving late in the afternoon must come to anchor, and by the time the captain gets his clearance Las:- ness finished and returns on board and gets under weigh again, it is scarcely possible to proceed through the Grounds (channel) with daylight that day, and the attempt to proceed through that dangerous chan nel during the night very often terminates in the vessel getting ashore ; and if assistance be required to get the ship off a heavy expense is incurred to the owners and merchants. It often happens that during the time occupied in attending to the clearance business a chat , of ,wind occurs ; and from the peculiar natur e of r th channel, the direction or course desired to be steered, change of currents, &c., vessels may be delayed for a number of days ; whereas if they could have proceeded without having to stop, the voyage might have been ac complished instead of being at anchor. When the cap tain goes on shore at Elsinore he gives his papers to the agent who does the Custom-house business. There are many agents, and the captain employs whom he thinks proper, unless otherwise ordered by the owner, or unless the charterer binds him to clear with a particular agent. Each voyage a gratuity of 20s. to 30s. is allowed by the Elsinore agent to the owner, charterer, or captain, according to arrangement ; the captain is also al lowed half a dozen of wine, or equivalent in money or tea, and, if a new ship, a china punch bowl. The captain may go on chute with his own boat in fine weather, but in bad weather it is necessary to em ploy a shore boat, the charge for which varies according to the state of the weather from one to three guineas, and even as high as 5 guineas, There is another circum stance which renders it almost indispensable to employ shore boats, namely,the risk of the ship's boat's crew, in the absence of. the master attending to the clearance business getting intoxicated. The men have many op portunities while on shore of obtaining spirits, and is is more prudent to keep the crew on board. There is also another class of boats, called bumboats, which come off from the shore for the purpose of buying oldropes, bones, or anything else on board the ship, and instances have occurred of part of the cargoes having been sold ; besides the same boats take off spirits, tobacco, &0., which are more readily sold when the captain is absent. Each agent in Elsinore keeps a general store for supplying the ships clearing with him, but the prices are usually abuut ten per cent. higher than those current at the shops. In settling the amount of clearing dues and cost of supplies, the captain gives his draft or bill on the owner, at one to three months' date, which bill is trans mitted by the Elsinore agent to his correspondent in this country, who collects the money, and for which a commission, varying from 2 to 5 per c ent., is received by the latter. Should a ship clear on a Sunday, an addi tional charge of ss. is mad e, and when a ship passes downwards without stopping for clearance, a fine is paid as already mentioned. Perhaps I may be allowed to re fer to two letters which have been addressed to the sec retary of the Chamber of Commerce of Dundee, confirm ing the statement which I have Just made." Upon reference to other evidence, it will be seen that st ro ng and unvarying testimony is borne to the mischief „ n i g h :v.o o el the detention of vessels at Elsinore, and in deed sonic of the witnesses connected with the - shipping iret terest state that the evil of the detention is greater than the evil of the payment. It would be difficult to suggest any relief to the trade for this evil, short of renderkigit _ - ogy,f(yfies4hito stop for the purpose of paying these dam in future. The apparently arbitrary rates at which these duties are fixed is also the subject of complaint. The duties leviab'e on the articles enumerated in the tariff do not appear to have been ajasted in 1841 to the value of the goods at that period, although it is alleged that in 1645 the duties were regulated accord. ,ing to their value ; the great difference which has taken place of late years in the cost of their production must leave the rates now without any certain relation to the -eeal-value.; It is indeed a question raised by Denmark, as to sykether, by the treaty of Christianople (1645) or any '-subsequent treaty, it was ever intended that the duty` on the enumerated articles should be charged ad valorem, 'Ma practically at present there is no guide but the tariff for determining 0- e amount of duty. It appears, how. ever, that all the ithenurnerated articles were intanied to be rated upon that principle; and open the general belief that the dues on these goods ought to be one per cent. only, there is much complaint thet, in fact,' the duties are much higher, rated even sucerding to their ~ t alue in 1841. It is bet just also to state ti a , it bee been shown that in the case of same go , ds exported .from the Baltic the ripe is lees than one per cent. ''There can be no doubt, however, that on many im portant articles, whether named in the tariff or not, the duty levied is actually muc h hi g h er - than one per cent. , Mr. Bowring, re„eistrer of the Board of Trade, says : "I have a list of arti c l es h ere upon which th e duty is more than one per cent. They are sugar, coffee, rulphur, spices, salt, cotton, rice, saltpetre, wine, shumac ; all of s which are chiefly imported into the Baltic." Mr. Higgete of Liverpool, emit manufacturer, who ex ;ports largely of salt to the 13aqie, • say; that the duty ,now levied upon that article, according to its present .valus, is 12 per cent., and the t ra d e i s more li mited than it Vibuld be in consequence ; and he considers that not less than 6,0001. a year is paid for dues on English salt to the Danish Government. And Mr. Stephen West, e s, importer of Wood, sayse--" We are at this moment importing teals from Russia which will cost us Si., and probably in the same ship shall have others that will cost ree .101., but the same charge is made upon us for Sound duos." And he further alleges that the dues pay. able on den t s froni Russia are only Is. 9d. per hundred, whilst those iiton Prussia pay 2s. 3d. Mr. Pearson, of Hull, says that indigo pays at the rate of 10s. to 12s. a °hest, while the vvhole freight upon that to St. Peters. burg is only 85.,,50 t!'et the duty is 2s. more than the actual freight; and that upon werstee oi ar s u it ie I tlettrgbe 6 ifF a l 4n ...0) ife 4. — a. ton, ZE: Le Sound flues w•iil amount to 9i. 10s. a too. I. a pollui The Sound dues, therefore, as they are levied at pre. sent, combine in them what is most objectionable in taxes that fall ❑pon trado; they are unequal in their operation, and they occasion great kiss of time and much needless expenditure in the collection of a comparatively small revenue, and, as far as the cargoes are concerned, without professing to be raised for any service rendered in return, tend to impede and burden an important branch of trade. Under these circumstances, your com mittee have no hesitation in declaring that these dues are the cause of annoyance and injury to British com merce, and they deem it therefore highly desirable that they should be abolished. Your committee are the more induced to form this opinion by the circumstance that Denmark, from her geographical position, appears to possess a territorial monopoly in all the practicable routes that could be sub stituted in passing from the German Ocean to the Baltic Sea, by which the payment of these dues could be avoided ; and while her continuance to levy tolls on the passage of the Sound is allowed, she can always protect this source of her revenue by imposing countervailing duties on the transit by land through her territory.. It app.:axe to this committee that Denmark has already manifested her intention to act upon this policy, seeking to confine the trade to its ancient course by sea, for, simui taneousiy with any railway communication being opened through her territory, transit dues have been imposed, which, from their amount, practically operate as a pro tection of the Sound revenue. Mr. Buchanan, the British Minister at Copenhagen, has stated that it was notorious in tbat country, and that he had no doubt of it himself, that this was the object of the duties which have been imposed on goods pac,sing on the railway between Hamburg and Lubeck, and he feels equally confident that upon the abolition of the Sound dues they would at once be greatly reduced. Ocher witnesses have expressed their opinion that, but for the transit dues, a much snore extended use would ho made of this railway, especially at seasons of the year when relief from the risks of sea would compensate the merchant for any loss or inconvenience occurring from the transshipment of geode. It has been given in evidence Oat a railway lately has been completed between Tonningen and Flonsborg, and which passes through Danish territory, and which pur ports to convey goods clear of the Sound dues, but the committee have not been Informed of the extent to which they have already been made subject to transit dues. Your committee would strongly recommend that in any negotiation that may take place for the abolition of the Souud dues, the fullest consideration should be given to the means of securing a like freedom for trade in the transit through any part of the Danish territory. By means of documents that have been directed to laid before this committee, as well as by statements made by Mr. Buchanan on the subject, your committee have become informed of the proposal that has lately been submitted by the Government of Denmark to the Go vernment of her Majesty, as well as to other foreign states, with a view to the abolition of the Sound dime, and . they have heard from some of the witnesses opinions as to the justice and practicability of the plan. Other measures have also been brought under the consideration of the committee, having likewise in view to remove or mitigate the evils connected with these dues of which the trade so earnestly complain. Your committee does not feel in a position to pronounce any confident opinion upon the respective merits of these propositions, but they deem it important to notice, that in all of the plans, whether the one which has been made by the Danish Government, or those which have either ori ginated in other countries, or been suggested by indivi duals in this country, there seems to be no difference of opinion as to the data on which the calculation for a just settlement of this question should proceed, namely, the payments annually made to the Crown of Denmark on account of Sound dues ; neither does it appear that the accuracy of the returns to T his effect, which aro exclu sively derived from Danish authority, is seriously called in question. Mr. Buchanan says that theiracouracy was not doubted at the congress assembled at Copenhagen to consider the subject, and that he is satisfied from the freedom and ab sence or reserve with which access to the entries at the Customhouse was offered to himself, as also from the coincidence with the financial accounts presented to the Danish legislature, that there is no reasonable ground for mistrust. Doubts have been expressed to this committee by some witnesses, whether, in case of compliance with the propo sition of Denmark, namely, to receive at once a sum re presenting the capital value of the payments annually made on account of Sound dues, any guarantee would remain for the maintenance of lights and buoys so essen tial for the safety of navigation in that sea ; and whether on:this account it would be expedient that any pecuniary indemnity should consist of annual payments remitted by this Government to that of Denmark. It is difficult, how ever,' to express any opinion upon this matter, without previously knowing what other arrangements Denmark might propose to make for this purpo:m. The question on which there appears to be some real difference of opinion is as to the mode of providing in this country for the payment of the sum required for the redemption of these duos, should that coursßbe de termined upon ; whether the burden should is borne ex clusively by the merchants and shipowners engaged in the Baltic trade, or whether by the country at large. The view taken ,by some of the most intelligent wit nesses, that the chief exports from the Baltic being of general consumption in this country, the duties on them (though borne at first by an especial branch of trade) enter into the cost of the article, and fell ulti mately on the general consumer, appears to be Well founded, and so far to warrant the opinion that compen sation in this case might properly, be charged on the ge heral resources of the country. The committee, how ever, have observed that among those whose interests would be affected by it, no strong objection has been ex pressed to the charge being cast on the particular trade, and the reason assigned against this plan has been less on the ground of injustice than that of the difficulty and inconvenience that would be found in giving it effect. There can be little doubt that the trade would, in con sideration of being relieved from the burden and incon venience connected with the present payment of these dues, gladly agree to substitute in their place a direct payment either to this Government or that of Denmark, equal in amount to that which can now be legally claimed of them ; but it is manifest that great practical difficulties would arise in giving effect to a 'System of differential duties imposed upon produce imported into the United Kingdom from the Baltic, and which would be thus rendered necessary. On these points, however, the committee forbear to express any opinion. It will be for the house to decide on the means that may be proposed by the Governrnentof this country for carrying into effect any arrangement with t d h u e es C . ro y wt o l u o r f c D om en m m i t r eke f d o e r e the m b h o o f i vi t i e o v n e r , o f t h the eir d S u u t u;n t d o observe that the longer the settlement of this question is will be demanded ; an Den mark for which compensation n i t t h e e d s course tates recentcre atedly delayed the larger will probably be the receipts by d at . deinands from this country they Lava furt G h o er ver t n o m r e e n ni t taken by the a speedy and practical solution. Your committee have a o r f k t the a state of things which learnt from Mr. Buchanan that the Government of the United States have announced their intention of discon tinuing the payment of the Sound dues after the expira tion of a year, dating from the month of June last, and that a specific offer of compensation has been made by Oat Government to the Crown of Denmark, calculated on the same prOportion to their previous Payments as the proposal which has been made by Denmark to this country, and which it is understood the . Danish Government are ready to accept. If an exemp tion from the Sound dues could be granted by Den _ mark to one nation, it w(.uld give to that nation an un due advantage in the carriage of the trade with the Lahie. Your committee therefore think that the pro posals made by the Danish Government to, the Govern ments of the different States interested in the naviga tion and trade of the Baltic, amongst which Great Bri tain holds the first place, should receive immediate con sideration, and become the foundation of a final and satisfactory settlement of the question. The accounts from Hamburg state that the demAnd for money is again increasing, the rate of discount hay. ing advanced to 51 per cent. The gold arrip:4lv/yotterda contistcd of .s,z i ppoi. from New York, and 240,00/ - . I T the Oliver raig, fit m Australia, making a total of 397,0001., nearly the who of which is expected to be tient to the continent. 1601 iMC 11 m de ,. a .• the ie of ;olds, De a