The Sun. — London, England, 1856-04-08 00:00:00

--- ..... _ THE SUN 111,014 D ( filo NEY MARKET SHARE MARKETS. _ , N 7,- :4,i, -- - . ~....... (T EI 1 S DA Y.) n . pskid. aArcarAta. &cram Closing Prim Compan. this dsy this lay CO IMERCIAL INTELLIGENCE. RAILS LYS. ----- - rg. ) r..): Bedford and London & Filet 'Alley „.• N. We .t. - - -.41. Shr. Paid Itorx.wors. Mang Prices I Business done At. 100 Buckzbatosh L.&N.W. 95 -- 97 this day this day. CITY, Two o'CLocs: __... -- it I'4 , Clydesdal , i 'laledoo... 94 ug - 7 ........ - all Col. Stour Vy. E. Un. il The lii - t erpool Cotton Market yesterday closed - t- I • ,ei ..,. .. 27/ 28 Sud. and Hal. E. C.. . .. 11 - 13 !eV/ fi r .1 ‘i.abg Nottvg. St,. ' --r I ll y, and, compared with Friday's range, -f.. HY. E. Lin. tr. 6pc tit. Nrt• ... ... • . Price 5 a ll B. V a . H. Sh. E. Count. 44 ... 5 s of all kinds were quite as dear. The sales 0 4 ail c t,ifasr. & 1-Wlyin.s,- ... . . '1 ind Eastn. Juno. 4,/ - 4i to.d St. 100 Glas. Barr. & Caldonlau. aY here about 12,000 bales (1,000 American for 111 -liming. Wolve rb /8 9 Neils. Direct • - export, .:and :tour Valt , y ... St 1.0:l Do. New__ a o ~....,_ ... - ~. 2,000 on speculation) :-300 Pernam 1 On,l is - !, 411 Glstr.& Dn Fr it. ‘ii es u ... • .. '" 411 nuaham, 60. to 7d. ; 350 Egyptian, 61d. - ' t:rY sum. t itan P , . :hesoiro v nue, ... 17i 18i 1>; all llrtlpl. Dk Si, Yk. Ns. . to 9a . 1 ~ ~. 011.941, & Birk Railway__ A. Berw. .., - • h i ; 800 Surat, 4id. to 40. ; and 350 Sea £5O and E 25 0,-. 15 l'i Mande' .11d. to 2s. 4d. per lb. The Railway Share 22 L.- Do., 0M.... .... 7 ..•12 - 13 . zu.ark iri al ' Hull & Selll Y. &N M 104 - le6 15 all Do. / Shares. Do. - ~ • et vr; ts firm and business steady. 1 all zytl. SzTynsong l, -. 1,1 all Do. / Shares. Do ...... - .• little e°l3l l net cial advices from France report very £25 (issd. at X g .. ~,/ 92 .14t, let! Lsristol and Exete' • . l'u 12; 4 3 all Lon.&Greenw S. East, ,, 12/ -t3 - ... 23i : &het ation in the state of trade, notwith- St. 100 Jatedoman 6l 614 d 2`': all Do.Prcferetve Do X St. 10 Lon., Til., &S. Peto &Co. 110 - 115 1141 SAndi , 10 611 , 1 farm. and Card i gan ;•• '- ' . n g the proclamation of Peace. The most 5; all • %ester & Holyhoao .6 Its - 17 17 161 j St. 100 Lowestoft gr. 4 per cont. Norfolk... ... - ... .- P C 'T taut matter of the week has been the reduc- 5 , all cork and Bandon.. •.. - ... tio 4 0 , . .10 all ..lork, Black, & Pas. ~. - ... it. WU Do. 6 per ct. Do ... - • &.. '' the- rate of discount by the Bank of France :, 'i! all Manch. 11xts.. L.& N.W to o Al 18 Cornwall and Matlock & Midld. 2/ - '?/ 21 Pet cent which has materially assisted com- 10 all Do. A - ... rfaerew - " - 0 all Middlesbro' sz Sickton & t • enterprise,s. The fall in the public funds 10 . 8 Do. B Redcar , Darlingt. ... - Otte tu 1 , riel Junction__ ... - ..• St. 1 ,- '0 Midld•Bra , lM Midland- 92 - 93 921 , blien discussed in many quarters, and Lk 4i , - d.,b in&Belfast.lmk ..••• - •• • 61 5} Newmarket - : " 14 111 00 ° , kg-8 t tile public has created a false impres- :1% all Inn. P. &A. Jno. •••- • •. Bury E. .6pc En. Conn. i- i 0 Pm St. 1)0 East ALglian... .... 17} - 18 18 418 i . ti o ' w hich has paralysed the favourable condi- .. 3 , 50 all N.cit Est.s p.c. E. Count. 55 - 57 • ; 11 Of trade. On this point the public seldom St. 100 E Ll as ,s te t. rn . Counties.. 10 -10 i 10/ / 'Tii". k gfi 3 24 4 2 38 ', all Do. 6 per ct. D 0...... _ ... - ... 5C' all Do. Fixeds pc Do •• - - 41( i tli reir the came, as it is known on the Bourse to .I.i , Ds., B. 5tt.....- . Pro , - Do. New „.._. •- •.. .6 '! all Prest. & v6y,:-. , L. &N.W. ... - • ... 126 All Do. i Shrs. A Do - •. for e . from temporary - speculations. It su ffi ces 25 10 East Kent - ... th St 0 Roystn.at Hit. atNortho 134 - 136 them that the R en tes feeble and f ll • . it. 100 ' hid Lancashire 76 -78 7 6 '4,1 for are a mg, St. 101./ Minlurzh & Mug() 61 - 63 62 1} 2 :,',5 .8i Shot Roth an Lancash& • t ic,. , the time they suspend commercial opera- to all !Minh. and Peehlsia --• • • Gooleg.s p.c. Yorksh. . . le , all Shrews.&lier T. Brassy 7i - n -8- Meanwhile some export houses have re- St. 11)0 Min. PAL St nt111.1 , • 29 - 30 reivo _ e •.:i S. Staffordsh M. Meier 31 2id th ,, -., Yir orders from England and Germany, and -1 ;0 1 21 Fu rness. wo r th & trlrle 3" .2 - "'. - 0 An Wear Vallcyp Stockt. & 6 per cent... Darliugt ... - _. Po Packets recently arrived have brought some im- 10 all Do. Extension ' ‘ ,s all Do Do 3l/ -32 i 321 ' ri, b ' it, ll ai c ommissions from the United States. The it 100 Glassrow&S W , st , 88 : 92 S-. 100 Wiltsteor.rat (ItWentn. ... - .... 10 all Great N. of Scotlnd. 6; - 7 f„ " 9 1 e prices of merchandise which hascon tinned .._ . At. 100 Great North.ro „. 94 95 r t , 3 ,: PREFERENCE ARA REF, CITY, Two o'CLoci: The 'L erpool Cotton Market yesterday closed b 'rer Y f ir inly, and, compared with Friday's range, r'ees of all ki n d s were q u it e as dear. The sales " c)-( laY were about 12,000 bales (1,000 American for el P e rt, . And 2,000 on speculation) :-300 Pernam a n'i Mari mhara, 60. to 7d. ; 350 Egyptian, 61d. t 0 91. lnlands ; 800 Surat, 41d. to 4id. ; and 350 Sea l Id. to 2s. 4d. per lb. The Railway Share MarketWa tS firm, and business steady. e ° l3l ! net cial a d v i ces f rom F ra nce report very little dtetation in the state of trade, notwith ,•B,4andi ng the proclamation of Peace. The most -13 °T tent matt er o f th e wee k h as been the reduc tion c(f the rate of discount by the Bank of France to 5 P i et cent., which has materially assisted cora 1141.eda enterprises. The fall in the public funds a tt4 boen discussed in many quarters, and k i n c i ," .4 ge the public has created a false impres -0) 'which has paralysed the favourable condi -len of trade. On this point the public seldom incltniter the caws, as it is known on the Bourse to I f l n : et ,, e ‘l front temporary speculations. It su ffi ces ": 'nein that the Rentes are feeble and falling, for the time they suspend commercial opera :s: Meanwhil e some export houses have re th-ited• new orders from England and Germany, and e Packet s recently arr i ved have b roug ht some im ho44llt commissions from the United States. The 4 *in th e pr i ces of merchandise wh i c h h ascon ti nne d f s ° % ll ,, °ree weeks is not arrested, which restricts the t lll te :L ita of purchases by foreign agents, who he5i r44,,,,-7° give the increased price excepting for inter r4;itate requirements, while on the other hand the w"ltfacturers are not inclined to lower their prices ti the y pay the increased value for raw mate taitt 4 n extraordinary rise has taken place in the fo e°l diamonds, in consequence of the demand 20 • Zies 25 ia- This rise is estimated at not less than per c en t. on p rev ious prices, and has lie :n great impetus to the usually quiet busi fo;l4:l the diamond merchant. The demand ti o , —ll e s aia is attributed to the approaching corona th,, (4 t he Emperor. The same cause has increased ret : nrders f or L yons manu f ac t ures . It h a s b e en i a ' r ked that the demand for French manufactures di lissia continues, and especially for this occa pal not withstanding the efforts of the old Russian tet : t7 , which see k s to ma k e the occas i on one f or p ‘iriain g the ancient national costumes, for the fa e .j" e Of excludi ng a ll ar ti c les of foreign manu lie,,tire• 'The magazines for spring novelties have th" 11 to show more activity, both at Paris and in Provinces. f el,. 5 Mercantile community have during the last in day been much disturbed by the announce -41011: e i _f two or three important failures, and, al- Of tr l a " - i t is generally believed that the condition "ia on the whole healthy, there are, never ei th e .", serious apprehensions of further diffi slea• After the stoppage of such large firms st'i le 3 ' e rs, Walker, and Co., and Mr. W. 0 Young, tb d r minor casualties are almost sure to take place, 4• m ercantile credit is for a time impaired. Messrs. enders and Harrison, and Messrs. Woolet and 1 1 : 1 P il evr hav e s t oppe d paymen t, and several other it o i l ,l ses are spoken of as being embarrassed. The be -B. ° f a country bank are reported to have titan returned this morning, but the particulars 4: 6 net., been allowed to transpire, and it is v lt ev en known whether it is a joint-stock or pri tit)! concern. Besides this other cases are men aitll2x' 'where parties have only been able to avert .:tlure b y t h e liberality and consideration of their 111 . eillters. Th e conc l us i on o f a protracted war, ti seder, causing a complete revulsion in commer• i t "' affairs , might naturally have been expected to 1 , 4 4 to difficulties among the ' mercantile interest, Ud during the next few weeks the list of suspen t7na may be materially added to ; still no fear is tir"tairted of a general disturbance in th e mercan world. Th ° Red Jacket, from Melbourne, has arrived, ).;,the amount o f go ld s h e h as on b oar d h as not b;eett ascertained. t oo l , la "making-up" d a y i n th e C onso l mar k e t, ti;ltne quotations of nearly all the English securi -4 are flatter. Th ere i s ver y littl e s p ecu l a ti on , the amount of real business doing is limited. *l l : l 3°l4.a re 92 115 both for money and the 10th inst., , lia l . t e t , h e May pric es are 931 -a. Special transfers D er ci u eell made of th e f o ll ow i ng : —The Now Three DI A ' t eats. at 921 t o 93, the Reduced Annuities at a nd Bank Stock at 2131. The March Ex- Bills are ls. to 3.5. prem., and those of ; ci are at par. Th e B on d s are 981. %sr ere ts ar. are mostly rather heavy, and ea ; is lest activity i n th e mar k e t. T ur ki s h 6 per 1 8 Ti le 3. a re 101 i for money, and 1011 for account. til e , b ane t P e r Cents. are 101 g. Venezuela Bonds ,to G T ,„ ee n 3 0. Equador New Consolidated 15, and !.9 teiat "n . , a Deferred 7/ Mexican Stock is per 7 ( Ti e l° _wer ) being 22g I. 103 litoeu, following- are the nominal prices of Foreign tut. 20 44 : 4 2 3 2 .:-.Grenada .Deferred Bonds, 71 8 ; Mexi -46,, 1,6,3;r Portuguese t ; ug P t e i r es u e vian, 78 80 ; ditto 3 per Cents., . 4 per Tents., 48 50; Russian f l ! . opa • e nts., .104 6 ; ditto 41 per Cents., 93 95 ; its tnah 9 " Per Cents., 454 6 ; ditto Deferred, 240 i' l tto Certifi cates, 5 4 ; di tto P assive , 74 I. to 'ost qtk vy , of the English Railway Shares are rather 2 e cusequence of the flatness of the other 26 Witi i -- L e a- The Foreign are likewise dull, and 110 ut much variation in prices. The Paris and 2.: an cin4.!lnwever are 1/. to 2/. higher, and Sambre reuse are ss. lower. 20 . rath er ' °ra don and County Bank Shares have been I ilk flatter. 1341,ri.8_ 88 - 92 6; - 7 94 95 79 81 123 128 104 1 06 64$ 65 Kt; 60 L(X! Do., A. Stock ~„ B Stool= LY) 'R. Sth. &West.fir, [(X , + - heat Western..... Ii Stour-Val Ra ; Qua. Stk.. all Irish South-Easter ill I'p:twister 4; Do., Thirds , 8 Do. Now Thirds % t.e.ncash.iindVo r)t . €),.. Wet. Rid inglll. at) tAT.Criey .&Soutb t. al) Loudon & Blackwail 100 f..ond.Bright &S.Cbt • 100 Lend. and N. West , 1.6 4h.. Fifths 64j 5 4f • . \ 100 St. 100 '5 al, '.`-‘ordeen • 1) 0 , 50.2, 7 p. a. • I Do. Debentures .... rilyth andTyn 10 pri c. pref. (issd. 4t 501 & Ex.! p. a. St. Do. 4 p. c. Shares ;aledonian £lO , Th os . & go. 9n. 5i pt Do. do. Pref. No. 2. Do. do. Pref. No. 2.. Cork dalandonsip.c Dun.Prth.& A her.J. & Anglian CIR. A Si) Do. do. CIEs. B 6 p. e. Do. do Cis. C 7 p. a. K&P. Co. gx„ Spa No Do. No. 2. Do. Now 6 p. a. SI Un., G. 6 p. )e. 51. , 10 per cent I 10. 101. Debentr.Sl.. Do. do. 4 per cent. fast Lancash. 6 p. eta. kw. York. J. 5t11 , 1 & (11. 5 p.c. sh. tcri Prth.&Dnn.4p. , Furness :llas. &5.W.G.5 pc. {3reat Northn. 5 p 'o. 5 p. a. Redeem at 10 p. c. prom. ')(). 4 4 P. e 'De. 5 p.c. Scrip, Red. At 5 p. c. pm... • It. N. of Scot. Ist Pre (it. S. W. (Ireland Do. 4per o. Prvf W.(11. tt Fkspc )o. con. red. 46 p:. )1. con. red. 4 p. r. "16. irrefi e 4p. a. Do. 5 p. c. red. prof Do. do. de. Do. Birn,. Fret .. to. Chester 8 p. c. P. Do. do. 5 p. c. do. Do. Birm. Gua. Stl. Ches. Gus. Sh.. Do, do. do Do. do. do Len. &York. F. .E 2 Do. 6p. a. Stack . %On. & Rrigh. 0.5 p. , . Pref., sp. c. . Do. New Guar.6 p., Do. do. 5 per cent rion.&N. W., Cov. slumAton 5 p. et ton. & S.W. 7 per at I .ondy. & Color. Si T.ondy. & Ennis. L. N0w,1 6 / £0 arypt L to. 4. percent..,, . cont.°, , `)0 118 - 122 115 120 84 90 118 19 93 -- 70 75 fi 7p 6 T 8$ 88} 71 6 17 871 81 8 1 A. 100 . 20 5 1,4) 96 - 98 11”, -16 i I all 111 all - 71 74 102 104 1914 - 102 par p pa 4 r - p 95 96 103 1011 i 105 110 St. !1()0 St. ) 100 64 all all 10 al! .0 all 6 all 10 all It. all St. 1101; 5 - 4 1 00.101. tih.. bits 8 C 23 Do. Eighths., 100 London and& West , 1 all Do. £sk) all Do., £4O til Lndndrry&Colerahr all Lndndrr, - .& Enniak . .l 110 Aana.Shef.&Linel 425. 11,, Man. k Lin. TTI , 1 Metropolitan Midland 10( . ) ' 10. Birrnag. & Dee all Midi& G. West. aro all i )o. Half Shared._ ... 01l 50weastle & Carnet. all Nwpt.Aberg. &He 83 vevrry & ill Newry Warrenpoil, i 4 • - 3 :2t - • *II '.. • ... - ... ••• ..... .. 'B 3 / 4 29 - 74 3 / 4 - 75 43 - 45 10 1 it, 10U !CI all It. ltb, It. 10U 100 69 - 71 116 - tlB 14 - .10 107 - 1 09 102 104 l ioo 124 76 ,nd ttostrevor. ,forfolls - 10 34 4 orthn.Connties lUe North Britisl , Nth P‘moo Rat. & 100 Deck Stock 100 'o., A Stock .. ..0 , B Stock all Do., B Onnrante.; ilk' N. Eastern— Bervr ` l ll Do. do. Exteusioz , 15 D•t.d0.(1.N'.E.?nr... - . &) Do. Leeds tOO Do. York. 100 North London.... 3 , l• N.&S.Wstrn.,}ls.m - stead, and City Jr... North Staffordshir al sZortl) Western__ & S. Westrn. Jun- N'Tineston, , xvd Leicester.....,. 1 , 11, Wore.. At Wolv. 8 l'orts:uouth %e: °Well Central 13: Scottishkridlanh 53 -- 55 3i - 35 „ 36 0 ill It. 100 10i A it. 100 it jlOO 'it. ;100 10 tall 6 94 96 - - 90 98 100 ... 78i 79 - 5 3i -- 3 511 57 88 - 90 A) all 0 all it 1+ ' !fii all 36'i all 9A 10 16i 17i 10 100 74 76 201 - 10 I4i - 151 I $ 36 138 61 811 - ilk 10 It. 1O( It. 10t: it: flO. it.lto, • •• A., 28i -29 i 03 105 73 --• 75 16 '8 14 5 72 - 724 70 - 72 4 -• 2 iil 37 .•• -"." ..... It I 02 2 I Al „ , qiropmltire st Smith Devon I Sooth 100 south Wale* ~ .. I. • Yrksh. ))o ........... . . 2 .. It. 10 13 4. ,24 All 24 all '2 i* 2 *I .. - .. . , '". : fir ; 6 A - nes,gyp, k. & Stockton & Darli , kton Hartlep' t. 1 h Taff Vale t. 1. Do. Pref., No. 1_ 5 ':2 " I "' ,- .lnee Hay. D.& R. 0 , jUlverstone & Lam all Vatc ! ai l Watorfi. at Kilkonn, 0 all IWaterforitkLinter ! all West , .0 al West End of Londol , Pmd Crystal 5 all i Do. A 5 3, Do B ... al! West Londcro LO all Winibledn&Crorlin Conmol.6 T) o . Oon.Br.P:r. gpf I's- 137 95 - 97 MO Do. 4i p. o. Pref. all 1)0. Pref. 4k per all Do. 5/. Pr.?. 4 p. c. 100 Ditto L. k ft. Prof. s New., Aber., &e., pr. all f .5 p. c. red. 5 p c. Norfolk Deteatnr Do.Praf. 5 p. c. St el, Do 5 p.c. Ext. . DM. 5i per et.pref . Do. Way. Val. p p 'North British N. E. Berw. 4 p.c Do. do. do IDo Leeds p.c .No. Me. do. Quarters ... 'Do. Vorkfl.&z. P.-1 • North Staffordshir. ox, Wo. 1.913 p Do R. Pref. 101. Sh. Soot. Cent. , New Pr.• iSouth Devon iDo. fixed, 44 per coo Eastern (Readi , .nn.) of £] Os. 0.1. Do. 4 1 per cent :. Do. Fixed 4i p c sh. IS 'Wales Gua. 4p, 0. Do. do. 4i p. c S.Yorksh.4p.e.Gnar. gteck,& DPr., 5 p c. Do. do. do Stock. & H rsrtl. g. c. till July I,'S'' Watertd.fk Killc.6 pc 20 - 21 43 -- 5 ••• 6i 74 , .. --4 „di 103 -104 91 -94 51 1 - 97 - 99 AD 7 .tt 1.3 in 40 Do. 5 p.c. Oblgs. eon. in Sb. at pox till '54 10 Ardennes all , ttiglau EaAn. .Innt 14 ' letiers to Orsi BS , as» 4is Bombay , Baroda, au f!.ntrsllndis..B,•ri 13/ 9 pnr 2 41 s}l 2i 2 - 21, - 15, 1 - 221 - ?S 98 - 100 9i - 10 all Do. to Demerara 11 lintel , R},enish....• !.astern of Franc 3 Ile. New ............. . 11l past Indian, g. sp. ••• ,•• It. ilOui It. 'lOO it. 100 ZO all 11 2 PI :OA 41 12 -? - 14 12} 23 22 22: ••• • • • 1 2p 15 no. I all D 0.4 p.c.Buds.,' s7 4 do., do. :57 4 .1, 2 all .. 16 !Gee on ' Molbounel guar. 5 per c nt.. Do., Lon. allot., do. 22 t pd. Tkof Cana(' aA 6 1 4 i 2i - ti MINES. 1 al , i.,0,, rrikt . . ... ... 1 all I tnglo A uctrla. (tole — 10a 11l Anglo Californian i i '0 7 lustrs Ban li 2 li 1 1 all ‘nstralian Cordiller .. 1 ill tvo klaris - ••• 1 ill iladen (G4.Duehy of ... - ... ;0 all 131tonar. iron & COS. ... • . tO I 14 British [ron 3 5 4•i 15 26 lrazilianlimp. Ow . At tE pm.) ;0 I all 10. Unites h Cub)... 2A 3 2 '.O I . ' Do. St. Johr Doi R.- 24 - 26 1 i ; (Ilarendon Cots. Mil iCo. of Jamaica , h • 1p 41 I a l l • %bre Coppor 65 - 68 5 1 lolonial Gold .... . 3t. ill :oppor Min. of Rn l 34 - 33 25 All Do. Pref. 7i p. oe , 26 . 2 7 .. 1€ :r3opiapo i Vortnna ji - id li 20 I all C4encAll . - 16 1 all 'lt.NugzetVeluß , R I - 41 all rireat 1 Pnlynoth , - li 5 all Gt Wheal Vor Unite, ; I id 1 all Liberty , ... 3 all Linares • 8 71 - 5i 11 Lusitanian i _ 1, 1 all Wariquita. $ -- I 1 all New Granada I . !() 1:.11 P l o7t v gi es .cl u il M k "- Le de .klin 10 - 2 3 1 Port Philip I ._# -- a ll 4nartz Rock 50 all q.hynaney Iron l9 - 21 20i 15 all Do. New 5 . 7 30 1 3 1 . .I,ntlago de Cuba. 3i - 3i , 6a. Sort. Cons. Min. Co 2. 3 - 1 . 1 all :lout!) Anstralittn. • i -- i 1 1 all Do. Scr i p i - 4 1 I Do. 10 per cent Pre ... ... 4►4 (`softTriai..s.s ............. L.mi..co. 24 3 10 4 -- 4 18i all United Mexican 4 -- 4 i 1 all .Waller it - 1 1 all 'Vest Mariposa A - t 1 12 0 , Northing Mining of Australia 1. 'Do. 9 1 1 )o. Cert of Deben. non. into Stk. till 'P ' Flo Comp.fi p. c., 4 Gt Coutral of Fral , c 4;1 fit. Tndian Paning” 4 pre at tnxembrmr Onnititntivi qhpn. rh,„ Olil isrs Mon- 11 Do. re-is. orftd. Sh. •' 1 en.W , ..titernoffloinA. a sil Do. New Ads., payahl e's 7 with option till 'M at Do, do., '62, p. '56 Al' Do. do.. '76, p. '6O all Dc,. do., '73. without option all Hamilton k Toronte 3.11 Do. a per o'nt. ...... 17 Lake cont.g k Ray! , all Lierre and Turnhout ‘ll Luoca t Piet. sp. c.p 16 Lyons and tkuoira 14 Lyons & Tifeditormo. all Vbulras, gua”. 4 p.a 10 Do. New 00., 5 p. 0 1 ' 0 Po. 4i p. c. Eaten 3 F I JNDS THIS DAY.—CLOSING PRICES. I Prom the Official Lir k _ tin..n, done. ,t,r . .. kke.n,_ ck 2134 a 1 , " (2,,, • II i n ' i n• ite(N ee d Annu i t i es. 114„.,-,‘,eilt- Consols Anneitieo 923 i i i lama,,,Per. Cont. Annuiti e s v,4111 to* u nder £101)0 - 4 a E la for Acco un t $ i t ,.. "Nnor kik* Bills, 241- March. June. Z ~.?‘.. ........... ••• 4 ar i p 11 ............. 4 p I par 1 p b ii , il . ............ . "0 Bonds, 1858, 34 per Cent. 984 lit le tItIC ES OF FOREIGN FUNDS THIS DAY. tq114% Ayres Bonds, 6 per Cent et,?r Bonds t hei l l "' liew Consolidated l5 I . 4 ' 4 Novr Active, li per Cent. fee ''tt Deferred l t n_ 61 7 PC, ' ouda 1): 1 ' 3 Per Cent l'e '') Account l'Ult Di t tos Bonds 44 per Cent ~. t t4. l per Cent — 1th.1_,7 AcAccount krZ: i4 l3 on o ds, 5 per Cent., 1822, £ St 10; Ditto 118010. s, 5 per Cent. ii% Account 5i 0.,,,,, -till _ b., 1 lioilds, 3 per Cent , Ote Account 'Att e lc Ditto Def erre d, 3 per Cent. Etta 74, Agebnlit 1eti,!4,4 Committee Cert. of Coup. nt fun 54 3 p a 101 i to --" R vuis; per cent htt,o Account 101; 3 - ultt r , - ri _ b . - ~tt arantced, 4 per Cent. P itt ° Aeeou t lOl3 54 zu n _ Ditto e 4 Bonds,• 4 per Cent 30 29 i Account to Deferred 14 per Cent. . . l2l bx„.. uividends on the above .sysble In I.ondon. 11 Bzellange, 24 per Cent., 12 Guil 64 Ce, Nola !none THREE O'CLOCK. u/4 z Ditto A. Ccount Y (10th April).. •••• '..4 ' I (1 a • all fi all to Maria iintouis Do. do. New Ntsinur & Liege (qlt l interest).... .... Do. (ex interest) Vorthern of 'France Do .201. She. Do. 207. 3 p. e Rdr (fray. B. & Anis. Shs. NorwogianTrunkPre Paris and Lyons Ditto Bonds Paris and Orleans, Rem and Frascati 'Royal Danish IloyalSwedish Do. Obligations .... Sambre and Meuse. . Do. 5i p eent. Pref. Scind^, guar. 5 p, c ~ o If, 40 20 4.11 .o I Sll 10 5 ►0 +►li 5 all 4 all 20 •.11 IA) 0 r 5 20 411 Ali 16 Do southern of France St. Andrew's ano Quebec (A), Vest Flanders Do C nor c. Prot . W. &N. W. of ff rA ne, West. of Switzerland Wiesbaden .. 23 1 .9 instrallan A gric..di 33 .- 35 31i 4 3 IC !Al kus:;raln. Royal Me' • 10 all Kerlin Water Work 6i 7ak 61 1 I 50 1: AraeriCall 1A 1 1 00 '2 t'anads ..... . ...... . 40 1 45 Rt. r 0.00.13p,r. 5 %7 ,14411- 100 ; 110 1091 i St. 100 Do. 6 p.e. Feb & Aug 107 109 St. 100 Do. 6p. c. Mar & Sept 106 .0 n. • ;rytitS, Pa1ace........ 21 - 21 2i 5 all Do. Preference...-. 54 - 51 4 ,'lryetal Pal. of Franc 1 4 Onston Iron Ore •• •• 20 13 Eastern Steam..... - 5 all En.&A.us Cop Sm Co 14 2 1 St. 100 Electric Telegraph-. 87 - 89 89 1 all glectrio Teleg. of Ir. 5 all Gen. Iron Sc Collier ••• 15 14 Len. Steam Navigat. • 18 all lenerai Screw Steam , 15i 4 all Loud. Gen. Omnibus 34 31 31 lc 10 Uttgd..lena St. Nave. . 10 all viediteran. Elec. Tel. 8 10 10 9 Kezican&S.Amerien. 54 - 6 1 all N'at. Pat. Steam Fuel . - 10 5 Netherlands Land.... 1- 21 10 all Do. Do. ... . , 31 4 31 4 5 2 Do. 8 pePiesatl.d —4p 21 100 80 New B. &N. S. Land 18 22 I all N. P. A us t ra lasian... 1 tO 15 Irth.ofEuropeStears 1 all Oriental Ga 5.......... 1/ 14 11 1 1 2e. Do. "New Shares" 4 IP # pm 19.11 Peel Rr. Ld. & Minrl. 3 -- 3j 21 3 50 all Peninsular& Oriental ... •.. 50 10 Do. New too Bfi :royal Mai. Steam - • • 1 Al scot. Austral. Invest. 11 11 1 1 )itto New - At. 25 al ► iorith Austral• Lard t 7 • 39 33 71 j alb lubmar. ll 40 al . 1 . 1 5 'w.lgtfi ),.(10.111.11101. 100, IS; • Tme!..!..e't ' .., 4 16 - 17 V•OO.6P•e•Jan&Ju l Y ► KG a r. Le %11 0 6 all ,t 0 all Zealand . ti re lll are sa id to be 122.000 French soldiers in the D ' a ' and upwards of 20,000 at Constantinople. ett e "Patche s were sent, yester d ay , f rom th e Colonial %:e% the Governor of Heligoland, and the Lord High e o i ll eietier of the lonian Islands. Itisl e ,°, 4l and L a dy R o s a Greville have taken the 14,1 of the magnificent mansion at Albert gate, so 14 14."1a as " Gibraltar." The other half, it is L e - i n hits been converted into a banking house. trao - r l t i er i from Switzerland state that the weather is ex lho,,r-'llazily fine. The mountains are entirely free from difEW:ltel the passages of the Alpe, which last year were Th -4 . 4 ,„,"en as late as July, are already practicable. unive rs asserts that the question of the Holy the first apparent cause of the war, has not been lletcrteel th e the Conferences, but will be amicably settled —l4 France and p ps _ ce Turkey . o/ it : 4 IN THE STRAND.—Yesterday morning a fire broke Pie h -Pon the premises of Mr. Ellis, 401, Strand, an eel cont-etnintssed. es T tr h o e yed. house was greatly damaged, and the • Iv ti 'lle/ M. — During the month of March 14 5 vessels r e , 2 65 , -reefed. In the month of Jan. the number was aud in eb. ; 174 making a total in the past t h ree oaths 4 584. - THE SON LONDON, TUESDAY XVENING, APRIL 8, 1856. IMPERIAL PARLIAMENT. HOUSE OF LORDS—(YmnanDAy). THE CURRENCY. The Earl of EGLINTON rose to call the attention of the Government to the expediency of issuing a Royal commission to inquire into the operation of the laws which regulate the currency of the United Kingdom. He feared that many of their lordships might have viewed the notice he had given on this subject with some feeling of alarm, as it was a subject very difficult to understand, and from which most men therefore naturally shrank ; but he assured their lordships that he would abstain from indulging in any vague theories or long calculations of figures, and would merely endeavour to convince them that a searching inquiry into the system now esta blished was, if not necessary, at all events desirable. He thought the present a proper time for inquiry on the subject, on account, in the first place, of the position In which the Bank charter now stood. The present charter was established in 1844 for 10 years, after which it was liable to be terminated by one year's notice. The. Bank might consequently be said to be now waiting for a new charter, and he believed that few persons would desire to see a new charter granted without the subject under going a most searching investigation. Another reason which made him think that this was a proper time for commencing this inquiry was the circumstance that a peace was now about to commence which was likely to be enduring, from the prostration of the Northern awes sor and the intimate alliance of the great countries of Europe. The country was now, probably, on the eve of a career of considerable commercial enterprise, and of a state of internal tranquillity and content almost unpar alleled, and on this account, too, he thought the period favourable for inquiry. In 1848, in consequence of the severe monetary crisis which took place in the preceding year, committees of both houses were appointed to in quire into the causes and amount of the distress which then spread ruin over the country. Both committees were equally anxious to discharge their duty properly ; but the result was, that they agreed to report diametri cally opposite. Their lordship..' committee resolved in favour of a relaxtiun of the act of 1844, while the committee of the House of Commons came to the resolu tion that no change in the system should take place. These conclusions were come to in both instances by narrow majorities, and that circumstance formed a good and sufficient reason why the subject should now be taken up by a Royal commission, which would be free from party spirit, which necessarily attached in some degree to Parliamentary committees on this matter. He was rather unexpectedly fortified in his notion that in quiry was necessary by the opinions of some of them who were supposed to be the strongest advocates of the present system. In a late debate in another place the Chancellor of the Exchequer was reported to have said : donee given by Mr. Glyn and Mr. Brown in 1848 before do) House of Commons. The Bank of France was con ducted on that principle of Government control, and with excellent results. It had a governor and two sub. governors. These officers were nominated by the Crown and received large salaries. He would not quarrel ssi h their raising the rate of interest when gold was carce because that was necessary ; buy he objected to the unduly low rate of interest to which the Bank re sorted when money was plentiful. The panic of 1847 was very much brought on by the reduction in the rate of in• tereit in the previous year to 21 and 3 per cent. The Bank of England ought to be either a State Bank or separated from the State. If it were a State Bank it ought to be under Government supervision, and ought to consult the interests of the country. He was inclined to thick, although he spoke with some doubt, that it might be desirable 'to adopt some minintum, rate of in terest. Previously to 1844 the variations in the rate of interest were very few. Another improvement which could be effected by a mere stroke of the pen was in raising the amount of notes which the Bank of England was authorised to issue over and above those that must be represented by gold. In 1844 it was supposed that 14,000,0001. were sufficient for the wants of the country, but this amount would hardly be sufficient now, considering how the country had in the interval in creased in population and wealth. It would be a great relief if some step could be adopted, such as raising the note circulation from 14 to 18 or 20 millions sterling, in order to meet the increased demands of the country. The main principles of the act of 1844 he disapproved— viz., the restrictive clauses, and the separation of the two departments of the Bank. Upea this latter subject he would quote the opinion expressed by Mr. Tooke at the conclusion of his pamphlet on the Bank Charter. Mr. Tooke said— " That the greater or less liability to variation in the rate of interest constitutes, in the degree next only to the preservation of the convertibility of the paper and the sol vency of banks, the moat important consideration in the regulation of our banking system. That a total separation of the business of issue from that of banking is calculated to produce greater and more abrupt transitions in the rate of interest and in the state of credit than the (present) system of union of departments," No man, however bigotted an advocate of a metallic cur rency, would say that the Bank ought to be deprived of the power of issuing any notes whatever that were not represented by gold. It England had been governed on such principles for the last two centuries she would now he a small third-rate State. There could be no doubt about the expediency of issuing notes that were not actually represented by gold in the coffers of the Bank, and the only doubt was as to the limit. For himself, he objected to naming a particular amount of notes beyond which no issue should take place, because when that limit was reached distrust and discredit began. He be lieved there would not have been half so severe a crisis in 1847 if the Bank had had the power of increasing the issue of notes upon the 9,000,0001. of gold which it then possessed. At a later period of great difficulty there was 12,500,0001. of gold in the Bank of England, which would have warranted a larger issue of notes, and would greatly have relieved the pressure. If the provisions of the act of 1844 regulated the affairs of the Bank of France, instead of now meeting all its engagements, and having a stock of 8,500,000/. of gold in its c3ffers, the Bank of France would be 2,000,0001. minus in its banking department. Within the last four years there had been only two changes in the rate of interest charged by the Bank of France, while within the same period there had been 18 changes in the rate of interest charged by the Bank of England. The late Lord Ashburton, in his evidence respecting the Bank of France, said— " There has been at no time any suspension of its pay ments, or any material difficulties of any kind ; and it seems to have answered perfectly well the object for which that Bank, like our own, was instituted—namely, as a bank to give proper facilities to the circulation and com merce of the country, and at the same time to be the bank ers of the Government, and to give every proper and legiti mate facility to the operation of the Government." He would rather have inquiry by committee than no in quiry at all ; but, as it was almost impossible to sepa rate the subject from the influence of party feeling, he thought the appointment of a Royal commission would be the preferable course. (Hear.) He would not presume to name the members of -the commission, but would humbly suggest tbat persons should be selected who were not pledged to any particular views on the ques tion. In conclusion the noble earl moved, " That a hum ble address be presented to her Majesty, praying that her Majesty will issue a Royal commission to inquire into the state of the currency of the United Kingdom." The Earl of HARROWBY, who was very indistinctly heard, was understood to say that it was the intention of the G yvernment, as had been stated by the Chancellor of the Exchequer in the other house, to appoint a commit tee to inquire into the operation of the Bank Act of 1844 I before any revision was attempted in the present ar rangements. He admitted that there were some subjects re fitted to be inquired into by commissions than c m• mittees, but he considered this was an inquiry peculiarly belonging to the Houses of Parliament to undertake. He di.l not think it desirable to enter into anyiliscussion of the points suggested by the noble earl, but would merely say inquiry should be made before notice was given to the Bank to terminate the operation of the act of 1844. The LORD CHANCELLOR said it was usual to give notice of motions of such importance as this, but the notice given by the noble earl conveyed the impres sten that no motion would be made. "I, neverthele's, fully admit that the operation of the Bank Act of 1844 is a fit subject for investigation by a committee of this house when its proper time shall have arrived, and when the circumstances shall appear to have arrived, and when the circumstances shall appear to be favourable for the prosecution of such an inquiry. I quite agree that those are many parts of the operation which require a complete investigation by a competent tribunal, and I shall be quite willing, when the proper time arrives, to assent to the appointment, of a committee on the sub ject." Sir C. Wood also said : " I am far from saying that such inquiry is undesirable." He was aware that those gentlemen guarded themselves against pledging themselves as to time, but they both admitted that inquiry was desirable. He pressed this matter on their lordships attention, because the system as at present constituted had been tried and bad failed. The act of 1844 had not worked well, but had failed in preventing ever-speculation, and bad proved inefficient when the danger arose. Since the passing of the act there bad been a commercial crisis, and greater fluc tuations of interest than ever had been known before. He would not go into the subject of the country banks, or into the Scotch and Irish question ; but would confine himself solely to the case of the Bank of England. By the act of 1844 the Bank of England was authorised to issue 14,000 : 0001. in notes, on the security of the debt due to it by the State, and unrepresented by gold in their coffers. Every note , beyond that amount must be represented by gold. The Bauk of England was likewise divided into a banking department and an issue department ; and thus the gold which was in the issue department to answer the notes in circulation over the amount of the 14.000,0001. was not available for any of the requirements in the banking department. By another part of the act the directors of the Bank were empowered to take up a certain quantity of country notes hen any of the country banks ceased to issue ; and the amount of that circulation which had so ceased was nearly &00,0001. It was plainly intimated to the directors that they were to consider themselves merely as hankers ; that, as such, they were to look to their own interest, without reference to the state of the nation. Accordingly, when gold became plentiful they lowered the interest in order to get their notes out to the public, and when gold became scarce they raised the rate of interest. During the last 11 years 40 fluctuations of interest had taken place, varying from 2 t , 7,8, and 9 per cent. ; whereas in previous years the fluctuations were few and trifling. These fluctuations appeared to be on the increase, for during the the last four years they had amounted to 16, and during the last year to 8. The loy rate of interest established in 1347 greatly encou raged speculation, and its result was to produce such a drain upon the Bank that at the end of the year the amount of gold 1- ft in it was considerably, under 2,000,0001. The pressure became so great that the rate of interest was raised to 7 and 8 per cent., and Mr. S Gurney stated in his evidence that he had been obliged to pay 9 per cent, for an advance of 200,000/ , and such was the panic that Mr. 11. Palmer stated thatif the Bank had attempted to relieve itself by a sale of consols the price would have gone down to GO. But the directors, undeterred by the experience of 1847, when money became plentiful in 1852 again reduced their interest to the ridi culously low rate of 2 per cent. The same result followed, a drain of gold again took place, and the Bird( again raised its interest, and at the end of last year the country was again in diflicul ties and numerous bankruptcies took place. According to the present system he knew that it was absolutely necessary to raise the rate of interest—in other words, "to put on the screw"—when gold became scarce. The Governor of the Bank, in his evidence be fore the committee of 1848, said upon this sulject— " The means of getting bask the gold is by making money dear, and causing a fall generally in the price of commodities, which will bring back gold;" and " prices will fall in consequence of the increased value of money." The effect of " putting on the screw " was not only to ruin those houses which had been totterinz, but also to depreciate the whole property of the country and to fos ter speculative circulation by forcing out the notes of the Bank. The act of 1844 had falsified the predictions of its promoters in another point. The noble lord orposite (Lord Overstone), generally supposed to be its aut-hur, said, upon the que,tion of note circulation keeping pace with the increase or decrease of gold— " The issues of the Bank of Erglind will, under the pro visions of that bill, be made to conform strictly to the fluc tuations of the bullion. Thus, it appears that contraction of the circul ttion it, correspondence with the decrease of the bullion is the only measure which cAn afford effectual security for stopping the drain of bullion." No doubt the amount of notes in circulation was regu lated by the amount of gold in the Bank, but the expec tation of the noble lord had not been fulfilled, because the note circulation was within a fractiln the same in 1347, when there were 9,000,000/. of gold in the Bank, as in 1840, when there were 16,000,0001. ; at the end of 1852 there , was a note circulation of 22,000,0001. with 19,000,000/ of g. 11.1 ; at the eHd of 1853, a note circulation of 24,000,0001. with 15,000,0001 of g ; in the elrly par of 1335 a circulation of 20,000 0001 with 13,000,0001 of gold ; and in October, 21,000.000/. with only 11,000,000/. of gold. He trusted be had now made out a fair case for the propriety, it nut the nece sity, of a searching investigation into this mat ter before a competent tribunal. He had brought forward no theory ; he had only stated undeniable facts. It could not be disputed that during the last 11 years greater fluctuations had taltn place, and there had been greater over•speculation and greater monetary crises than had been ever known in modern times, and The Earl of EGLINTON said, he had hoped, and still hoped, that hie motion would extract a more satis factory answer from the Government than had been given by the noble earl. The Earl of HARROWBY said the only new point raised by the noble earl was his preference for a commie sion instead of a committee. He thought a commission could only add to the investigation, and not supersede inquiry by committees of both houses. The Earl of DERBY said a more important question than the form of the inquiry was what were the inten tions of the Government ? All that the Governrrent had said was, that inquiry was very desirable at the proper time and in the proper mode. He begged to ask, when was the proper time ? (Hear.) His noble friend (the Earl of Eglinton) gave as a reason why the present was the proper time that the Bank was open to notice from the Government at any period, and the charter, there fore, continued only from year to year. It was very de ' sirable that the conditions of any new charter should be well c nsidered, The Government assigned the most ex traordinary of all reasons for not proceeding with inquiry —that they did not intend to give the Benk notice in the course of the present year. Surely inquiry, either by a clmmission or a committee, ought to precede the giv ing of notice to determine the present charter. Although his noble friend did not intend to press his motion, he (Lord Derby) thought that he bad a right to expect from the Government a more distinct declaration of their opi nion as to the merits of the act of 1844, and more definite information as to the course which they intended to pnr s:;(3 with regard to instituting an im l uiry into its opera tion, in order that the country might deliberately and fully consider and judge of the question before the Go vernment proceeded tl negotiate with the Bank. The Duke of ARGYLL said that the noble lord had somewhat misrepresented the answer given in the other h•mse by his right hon. friend the Chancellor of the Ex chequer, and repeat.d in that house by his noble friend behind him (Lord Harrowby). In the House of Com mono the Chancellor of the Exchequer distinctly an nounced that the Government bad no intention of mak- ing any change in the Bank Charter Act of 1844, but that if any hon. member of that house was extremely anxious for an inquiry into the subject the Government would throw no impediment in its way. The right hon. gentleman did not intimate that he thought an inquiry de-irable. lie merely said that if any hon. ineinher that Ip , use or any noble lord moved the appointment of a committee upon this subject, the Government would not oppose the inquiry. The proposal of the noble earl op posite was, however, of a very different character, be cause if the Government appointed a commission it would be a distinct intimation to the country that they were dissatisfied with the law, and attributed to it evils which they desired to remedy. The Government had arrived at no such opinion, and they were therefore not prepared recommend the Crown to issue a Royal commission upon this subject. The Earl of DERBY said that unless he had entirely misunderstood what fell from his noble friend (L .rd Harrowby ), he began by admitting that inquiry, at a proper time and in a proper mode, was desirable. The Duke of ARGYLL—At the proper time. The Earl of DERBY—What did the noble duke mean ? If he was to take him to be the exponent of the Ministry, the Government bad made up their minds that an inquiry was not necessary, because they had no in• tuition of altering the charter. Then, what were they going to do ? Were they prepared to renew the Bank Charter as it stood ? Did they think it was desirable that that charter should go on from year to year, with a perpetual liability to be put an end to at the expiration of 12 months? If this were the intention of the Govern• merit, it seemed to him very like an intention to tide ' over a difficult question with which they did not know how to deal, ant to throw upon others a responsibility which ought to fall upon themselves. (Hear, hear.) The Duke of ARGYLL said that it was the intention of the Government to tide over a difficult question at a time most unsuited for dealing with it. Earl GREY said that, if there was to be an inquiry, be did not see how there could be any time which would be better for that inquiry than the present. By the act of 1814 there was a time fixed before which the Bank Char ter could not be revoked, and beyond that period the act gave to the Bank an indefinite tenure of its privilege, terminable after the giving of a certain notice. (Hear.) The fixed period was now passed, and we could never get any nearer to the actual termination of the Bank privileges until the notice bad been given. He could have understood the Government saying that the act of 1844 had worked perfectly, and that, therefore, no in quiry was necessary ; or that that measure was an incom plete one and required amendment ; that, therefore, they proposed to inquire, and that the earlier that was done the better. Although he differed from the noble earl op posite (the Earl of Eglinton) as to the faults which he attributed to the act of 1844, he was ready to admit that that act was imperfect, because it did not carry to their full extent the principles on which it was foui.ded ; and, therefore, he believed that an inquiry into its opera tion would be a very proper measure. (Hear, hear) He however, quite at a loss to understand the line now taken by her Majesty's Government. (Hear, hear.) They said that inquiry was desirable at a proper time and in a proper manner, but lie could not conceive how there could be a better fine than the present, aid be thought there was much soundness in the arguments used by the noble earl opposite (the Earl of Eglinton) as to the advantages possessed by an in q u iry by a Royal commission over one by a committee. Lord RAVENSWORTH said that this subject had excited much attention in the country, and he thought the Government might have given eome more defiaito the greatest supporters of the act admitted that some in quiry into its operations were necessary. It might he said, what is the nee of making a change in the act of 1844 if you cannot substitute something better! But there were many points in the act which might be itn preyed, and he thought it would be a better plan to im prove it than all oge her to get rid of it. If the act were to be continued, he thought, in the first place, that the circulation outfit to be released by enlarging the powers of the Bank of England, so as to enable them to issue 11.-notes. He was as much impressed as any man with the necessity of providing for the convertibility of the bank-notes ; but by prevantinz the Bank from issuing small as well as large notes they fore a into circulation a number of s ,vereigns which would t therwise remain in the Bank, and et able it to i+sue a greater number of notes on the security of its gold without increa , ing it• li These 11.-sots s ught to be issued upon the same footing as larger notes; thy ought to be a legal tender, but convertible into go'd. Ie 1825 the Bank was relieved from great difficulty by the issue of a number of these small notes, and many of their lordships would remem ber the statement of the late Lord Ashburton, who re eommended the issue, that if 2,000,000 old 1/.-notes had not acoidsnt dly been ready he did not know what would have been the result. It bad been said that many of these 11.-notes would be forged, but be could not un derstand why they could be forged more easily than notes of a larger amount. In Scotland forgery had, he be lieved, been almost unknown for many years. The Scotch not only preferred notes, but had a great distrust of gold. They knew that a 11.-note, however dirty, duly repre sented the amount of 205.; but that a sovereign might be light. There was no feeling of distrust in 1826 and 1828 of 11.-notes. So far from tbat he could refer to the declaration of Ministers of that day, who said that the people preferred notes to gold, and an act was passed in 1828, the 7th of George IV, by which Scotch notes were prohibited under a penalty from being circulated across the border, these notes, although not a legal tender, having found their way into Lancashire and Yorkshire. Another point in the prese❑t system might be advantageously changed without infringing on the ma•n principles of the act—viz., the constitution of the Bank direction. The management of the Bank was intrusted to the governor, the deputy-governor, and 23 Bank directors, eight of whom werd by turns ineligi ble for one year. lie thought it objectionable that eight dire Acme should be ttuned out of office just as they be gan to know their business, and should be "sent to grass" for a year to forget it. He might also object to the rule by which matters of importance were decided by the mere majority of the directors. He thought there ought to be some sort of Government inspection and con trot, and he was borne out in this opinion by the evi• I L t I 1 0 f • 1" i~ . -'~, .. ~: .. e r ; • e ; 1 ov( 2FI t 6 15 5 LO(: 20 5 is 19 - 61- 75 7A70 r+o 85 i 4 6 -6 • P 21i 21i 3A - 01 25k '6 2 - 3 1 99 100 117 122 118 - 123 107 109 `24 2.41 , 115 - 120 12 - 13 20 - 14 - •• ..'. • 71 - 71 6 - 7 411 - 41! 12 -- 12 .13 -:- 53i -- 54 :3 - 54 i9~ zo. ... ''." . 14~ 15; i § 2 Pvr , 4i -- 351 - 06 • • • '''''' ~• .... 19 - 1N JoLwr•Tnc BLNU. [A'lKtYit Bank of Egypt Bank of Loudon tiri. Col. tik.Ez Ln. C. Kritisb N. American ch a rt& Bank of Am? chrtd. Bnk. of India, Australia. is China City Colnn . al Commercial of Loud Knz.Qcot.& Ana. Cht. Loud. Chart. Bk of Australis • )itto Now 1 , -n:ion and County . land. & B. Bnk g. Corp. London (flint Boca London and Paris Load. 8t Westminatel National Pro.of Eng Do. New Nations. of Irehud. New South Wales.... Oriental Bank of Inronrstl .n Ottoman Bank Royal British •ixth 'Tnion of Anstrais Na f Lon(inn Warn Bk of Lew 97 - 9 U 11 63 - 65 - 64 - 66 fa 7 16J 16i 174 1 3 - 2.i1 par 2p --- 2 ••• ••• 39 41 48 - 44 - 2 p , 0 72 7i 84 ••• a ,-1-l is 5 .►h 13 95 1 41i74 f f 4\ h4l 31 79 81 lli 57 6f Ft) a SIGN. 72 I 20 5 1 121 40k f 224 i 1 all 17 86/ 5i 71 3i 64 i 2% I si 1081 x d 411 40j 1i 53 1 1 i 20} 20 14a 1 1 15 61 1 34; 31 41 3: 40t I 613 108 7 Pm Pm I2a 70 1 117 108 7I 104 3 88 90i intimation of the course which they intended to pursue with regard to it. The motion was then withdrawn. OUT-PENSIONERS (GREENWICH AND CHEL SEA) BILL. T 1 its bill was read a third time and passed. AGRICULTURAL STATISTICS BILL. Oz the report of the amendments to this bill, e Earl of DERBY suggested that, as the occu pants of farms frequently changed on Lady-day, the date c.O which the books containing their names should be an nually made up should be altered from the tat of Feb.-it - try to the Ist of May. STANLEY of ALDERLEY proposed an amendlment, the effect of which was to render the non filling up of the returns punishable by three months' tinpriscliment ; but, it being opposed by the E‘r!ci of Derby, ila.rdwicke, and Malmeebury, it was ultimately withdra r, n. The report, with amendments, was then agreed to. Their lordships acjouroed at five minutes before 7 o'clock. HOUSE OP COMMONS.--(YESTERDAY.) BLLLETTING THE MILITIA. On the motion that the house should ge into Commit mittee of Supply. Mr. COWAN rose to bring forward the motion of which he had given notice—it was that, in the opinion of this house, the practice of billetting soldiers of the militia and or the line in Scotland upon private families woe injurious to the comfort and discipline of the men,as well as oppressive to the people ; and that it is the duty of the Governznent to take means permanently to abolish the grievance.. Tae lion. member then proceeded to detail the grievances that fell very heavily upon the in• habitants of that country, and which every class was anxious to shift to those next below them. The wretched remuneration which the War-office paid, was three halfpence per night for each soldier, and in many in stances members of the families on which soldiers and the militia had been billeted had been obliged to give up their beds to accommodate them. Sir A. AGNEW seconded the motion. Lord PALMERSTON said that he admitted the un desirableness, both for the discipline of the troops and the feelings and morality of the people, that sol diers should be billeted on the public, and more especially on private families. He thought the barrack accommodation of the United Kingdom should be ex tended. At the same time it should be borne in mind the billetting system complained of was a law that existed before the Act of Union, and could only be remedied by an alteration in the Mutiny Act, which could not be altered until next year, and therefore be hoped the hon. member would not press his motion. Her Majesty's Government would cake the question of billetting into consideration, when they took into consideration other matters connected with the army and a state of peace. Mr. DUNCAN said, that if the sense of the house were not taken now upon this matter, the grievance would remain as it was. Mr. BLACKBURN urged upon the hon. member for Edinburgh to press his motion. The LORD-ADVOCATE, admitting the grievances which existed, could not agree to the resolution which affirmed that means should be taken to remedy the evil without suggesting what those means should be. He did not think that assimilating the law in England to that of Scotland would meet the grievance complained of. Mr. LAING said that as the Scotch system of bil leting was a clear and undoubted grievance, he hoped the hon. member for Edinburgh would press the motion to a division, notwithstanding the opinion of the Lord- Advocate that it would lead to no practical result. The assimilatio❑ of the Scotch system to the English, which was only a consideration of pounds, shillings, and pence, would be the first result, and that would be followed by a general review of the whole system. Mr. CRAUFURD said he considered that a great and undoubted grievance existed, to which some practi cal remedy should be applied, and therefore he trusted that his hon. friend would press his motion to a division. Mr. SPOONER said that, as an English member, he should ♦ote for the motion before the house, for no one appeared to deny that the system of billetting in private houses was injurious to the eiscipline of the army and to the comfort of the people. If ho had had any doubt on that point, it had been removed by the speech of the Under Secretary fir War. Viscount EBRINGTON said that, after the speech of the noble lord at the head of the Government, he tiought the house might entertain the hope that this system would be put an end to. get G. GREY said he had heard with surprise the determination of the hon. member for Warwickshire (Mr. Spooner) to vote for the resolution. His noble friend at the head of the Government hal said that the subject would be deliberately considered, and yet the hon. member had wished to pledge the house to a hasty vote on the subject in the shape of a mere abstract re solution. The noble lard had promised that the ques tion should he fully considered, and he thought it would be better that it should bo lett in the hands of the Go vernment. Col. DUNNE said he hoped it would be understood that the house was not asked to vote as to the expe diency of abolishing billetting altogether, but as to the expediency of removing a particular grievance. Mr. A. HASTIE said that his hon. friend the mem ber for Edinburgh only wished to pledge the house to this—that there was a grievance which ought to be re medied. As no ae,urance had been given by the Go vernment, he should counsel his hon. friend to press his motion. The CHANCELLOR of the EXCHEQUER said that in reality the question resolved itself into one of finance. (Hear.) It was admitted that the billetting system was inconvenient and injurious to the morals and comforts of the people ; but the question was whe ther the house was prepared to take those means which alone would be sufficient for the removal of the grievance. Those means could nil be adopted with,ut add,tional ex penditure. lie would not express any opinion as to the propriety of assimilating the Scotch system to the system which prevailed in England and Ireland, but it seemed that there were great dout is whether the number of inns in Scotland would he sufficient for the accommodation o f all the troops. Put if that were not done, the only other means would be largely to increase the extent of barrack accommodaticn, which would ent iil a considerable ex penditure of money. lie trusted after the assurance which had been given by his noble friend that the subject would receive the full consideration of the Government, that the hon. gentleman would not press his in ,lion. Mr. C. BRUCE said he was astonished to hear the right hon. gentleman state that this great social grievance was in reality nothing more than a question of finance. He should certainly vote for the motion. Alr. DISRNELI said he could not agree that the hon. member for Edinburgh ought to have brought forward this question as a substantive motion. It was a national grievance, and it appeared to him that the hon. gentle man, upon going into committee of supply, had taken a fair opportunity of bringing the subject before the heuse. He (sir. Disraeli) had been struck by the objections, which seemed to him to be inconsistent. The Secretary of State said that it wee a mere abstract resolution which would produce no effect, while the Chancellor of the Exchequer said that it was one essentially prac tical, which assumed in reality the shape of a financial vote. He could not agree with the right hon. gentleman that, if the house should arrive at that vote that it would be a mere abstract resolution. But even if it were, he could not admit that it would be barren of result. It would be one which would counsel the Government to take a particular course, leaving to the Government to decide the best means of carrying that resolution into tffect. (Hear.) He was persuaded, if the resolution were carried, that it would not be barren of results, and he must confess that he could not see how this grievance could be re medied unless the house expressed some opinion on the subject. The observations of the bon. gentleman the Under Secret try for War would induce him (Mr. Disraeli) as au English member, to urge upon the hon. member to press his motion, for the hon. gentleman (Ur. Peel) said that it made no difference whether soldiers were billeted on priva •te families or on innkeepers. By billetting the soldier upon the tavern -keeper they committed no social outrage, and no violation of those feelings which men in this country especially respect and reverence ; and there fore the arguinentof the Under Secretary for War was not only fallacious, but if sanctioned would be fraught with vei y dangerous consequences. When this grievance was uhiver,ally complained ~f by Scotland, and was acknow ledged by the Government in as strong terms as were used in the resolution, he did not see how they could take any other course in the present instance than accede to the re solution, which did not call upon the hone() to interfere with the matter of barrack accommodation for soldiers, or to declare that the system of bide, ting should be sod denly and completely put an end to, but simply that this particular great and acknowledged grievance should be terminated. Mr. V. SMITH said the remark of the Home Se cretary had been mistaken. He did not complain of this resolution as a grievance, or that it ought not to have been brought on then, but on the contrary that it was a fitting time to do so, and that having stated a grievance he had omitted to propound a remedy, and which ought to have been the subject of a substantial motion. If the house agreed to tnis resolution, they would in effect decide that bill© t n; should he abolilee3. The statements of the Under Secretary of War bad been mistaken. He had stated vi bet was considered a griev ance in Scotland, was also considered so by the innkeepers of England, and that if they abolished the system in Scotland, they would be called upon to do so in England also ; and by doing that they came to the statement of the Chancellor of the Exchequer, that the count) y would be called upon to grant sums of money for providing barrack accommodation throughout the kingdom. Mr. ELLIOT said that the house bad been delayed from going into committee of supply by the speech of the Under Secretary for War, which had roused the feelings of the Scotch members, who were generally of a quiet disposition and rarely troubled the house. He regretted the hon. gentleman should have made that speech, be cause it would compel him to vote against the Govern ment on this question. The hon. gentleman, by his inju dicious speech, had pulled a hornet's nest about his ears. Mr. JAS. M`GREGOR pointed out the impropriety of postponing the application of a remedy to an ad mitted grievance in Scotland, because there was another grievance of a similar kind which ought to be remedied in England. Lord PALMERTSTON said the right hon. gentle man opposite had considerably misrepresented what fell from him. What he (the noble lord) stated was this — he admitted that the grievance in Scotland consisted in the liability of private houses to have soldiers quartered upon them, whereas in England that liability was canfined to public-houses. He stated that a legal liability on this subject had been entered into by the Mutiny Act, and that the liability so incurred could only be changed when the aot came on again next year. He also stated that if that liability was taken away by the law, it would be necessary to provide othor. moans and that the Go. J ' vernment would Teem It, tEeir duty to take into consi , deration the arrangements which would h ave to be made. Ile was not aware of any objection to assimilating the Scotch to the English law, and he was quite ready to consider what means would be necessary to provide that, accommodation which would enable them to reliev e householders in Scotland from the existing grievance. After a few words from Mr. THORNELY, amidst loud cries of " Divide," Mr. MACKIE was understood to inquire whether the Government would bave any objection to promise that they would assimilate the Scotch to the English law ? Lord PAL I . I IERSTON raid he could only state, as at present advised, he saw no objection to the change. Un less there were some objection of which he was not aware, he was perfectly ready tr propose the assimilation of this law of the two countries in this respect. Mr. COWAN raid the grievance was universally ad mitted ; and he thought they would stultify themselves if Order," a ey agreend " Divide.d to any ") delay. (C r i es of °' Spoked " The house then divided, when there appeared-- For the resolution ........................ 139 Against it . ................... 116 Maj0rity.............................. -23 The announcement was received with cheers from the Oi position. Viscount PALMERSTON understood that it 'would not be at variance with a precedent which had been pointed out to him if he were now to move that the house do mediately resolve itself into a committee of supply. Mr. DISRAELI did not wish to raise any difficulty with regard to the noble lord's motion ; but he was totally at a loss to understand or explain the reiterated assertions of those experienced and right hon. gentlemen who had said that if the house arrived at the politic and just conclusion they had done, they would be precluded from procee lin with the committee of supply. (Hear, hear.) He begged to congratilate the house both on having accomplished that act of justice, and on being also about to go into com mittee of supply. (Hear.) But he must express his regret that those whose office it was to guide and direct the busi. ness of the house should have been so profoundly ignorant on this matter as they had shown themselves to be, unless indeed they had condescended to misrepresent the state of the case, which it was quite impossible to conceive. (Laughter.) He hoped that this night would be memor able, not only because the Government had been beaten in consequence of their baying refused to do an act of justice, bat because they had been enabled to arrive at certain and accurate results with respect to the mode of conducting the public business. Th• CHANCELLOR of the EXCHEQUER explained that during the division the precedent referred to by th• noble lord had been discovered by the diligence of one of the clerks at the table. He trusted that the hove would not belieTe that her Majesty's Government were capable of resorting to a step so dishonourable as knowingly to mis represent the state of the case. In answer to Mr. C. BRUCE, The CHANCELLOR of the EXCHEQUER said the precedent referred to bad occurred in April, 1850. The SPEAKER explained that there was, in fact, no thing in the amendment which bad been adopted to nega tive the motion for going into a committee of supply. The right hon. geatleman then left the chair, and the following votes were agreed to :- - 6051., to defray the office expenses of the Commissioners of Education, Ireland. 3,8791., for the University of London, 7,5101., for the Universities, Scotland. 2,4111., for the Queen's Universities, Ireland. Mr. M`MAIION complained that only 201. was voted for the examiners iu the Celtic languages, which ho pre sumed included the anci en t lanr , nage of e Ireland. Th a t was almost the smallest sum vo t e d to examiners—those in Gree'_:, Latin, and mathematics, being allowed as much as 10X. Mr. W. WILLIAMS said the allowance to the profes sors of Greek and of mathematics at Edinburgh was only 301. Considering that there were in the Queen's univer sities no fewer than 22 professors, and that not less than 15 gold u-edals and 3251. in premiums and exhibitions were annually given away in order to induce 41 persons to be examined, he did not think the hen. and learned gentle man ought to be dissatisfied. (Hear. Mr. HORSSIAN said the Government did not arrange the amount of salary • o be given to each of the examiners. So much was voted for the university ; and the authorities of that university vnado the distribution. It was said the examiners were over-paid, in proportion to the number of students ; but taking an average of the examiners, they were paid much less than those of the University of London; the average of the latter being 1001., and of those of the University of Dublin, 701. The smallness of the number of students was accounted for partly by the new colleges, and partly by a more severe course of examination having been adopted last year. Mr. M'AIAHON said he must protest against this item. Mr. W. WILLIAMS said there was no compel ism. be tween London University and those Irish universities. The former received students from colleges all over the . country, add the number must be immense. He regretted that the Irish colleges had not been more successful than they had been. The vote was then agreed to, us were the following :- 4,800/., expenses of the Queen's Colleges in Ireland. 5301., expenses of the Royal Irish Academy. 3001., expenses of Royal Hibernian Academy. 2,9 i 5/ , for the expense of theological professors at Bel fast. Upon this vote, Mr. HE YWORTH moved, as an amendment, that 1,500'. should be disallowed, and that compensation should b© made on reasonable terms. He contended that the grant had originally been made on political ground.. It was certainly not on religious grounds ; for it was given not only to Presbyterians but to Unitarians, who taught anta gonistic doctrines to each oth er . If this grant WAR with drawn the voluntary principle would be more fully called into exercise. Nothing could be more inimical to the in terests of true religion than to teach its professors to rely on Government aid for support. The necessary result of this system was to induce the people to give as little as possible. Mr. KIRK sail the observations of the hon. member, however applicable to the Regiutn Donum, lied no sort of reference to the vote before the house. That vote was for the theclogical professors of Belfast, who were all Presby terians. A similar grant was made fur the Sc tch univer sities. He denied that the money was given by English men ; Ireland paid the same taxes now as England, and ho claimed this vote as a right. There was no begging in the case—they were incapable of begging. (Laughter.) Tue professors of Belfast were most able and deserving men, and had done much for the promotion of education. Mr. HADFIELD sail that if Ireland paid this tax, the Roman Catholics of Ireland, three fourths of the popula• tion, were unjustly taxed for the support of these Pro testant professors. All the while these Irish Protestants were complaining of being taxed for the support of May nooth, and petitioning fur the abolition of the grant. He denied that six professors were needed at Belfast ; three would be ample ; two could perform the duties very well. At one time a single profea or, a friend of his, had per formed all the duties. Tine six professors were occupied little more than five months in the ,year, and only from five to fifteen hours in the week. Besides the Government sub sidy, they received fees from the pupils ; and one of them, Dr. Cooke, received in addition 320/ a-year for distributiug this charity, besides about 4001. a-year from the pew rents of his chapel. Tilt Presbyterians of Belfast were the richest body of dissenters that he knew of. Last year they raised. 30,0001. for manses for tl,eir ministers, 10,0001. for the mis sionary society, besides largo sums for other societies. Let them be just before they were generous; let them take their hands out of the public exchequer. Their brother Dissenters were ashamed of them for accepting these pitiful grants. Not a single body of Dissenters in this country condescended to du so. It was denied that Unitarians received any portion of this grant ; but he found from the estimate itself that they did so. Thus the House of Com mons was asked to vote money fee those who maintained the divinity of Christ and fur those who held such a belief to be idolatry. He believed this grant had a most perni cious people of Irel a nd, b ecause it preven t e d the disseminationuoof divine truth and moral culture to a great extent. He was sure, if they withdrew this grant, and other similar grants, which amounted to 40,0001., it would be made up by voluntary contributions. Was the house prepared to grant money by this vote for the support of Calvinistic doctrines, and in the next to grant money for the support of - Unitarian doctrines ? The Roman Ca tholics were watching this inconsistency. The only effect of this would be to create a disregard and disrelish for re ligion in general Was the hon. and learned member for Belfast prepared to vote money for the propagation of infi del doctrines? Could anything be more calculated to de stroy religion and to encourage scepticism than this mode of supporting religion ? He intended, after the house voted on the present motion, to take the sense of the com mittee on the next vote also. Mr. CAIRNS said that one portion of the hon. gentle. man's speech answered the other, because he said in the first part that these grants were calculated to cramp voluntary efforts, and the next moment he said that the Presbyterians raised large sums of money for the support of their own doctrines. The hon. gentleman complained that the profes sors only gave five or six hours each week to the business of teaching. He did not know whether the hon gentleman was much acquainted with colleges, but if he was he must know that it was rota question of giving more time on the part of the professors, but whether the students could give more energy and attention than an hour each day to these studies, considering the other classes they had to attend to. He denied that the professors were paid too much for the duties they had to perform. Every one of the professors in cluded in this vote was an orthodox Presbyterian. But the hon. gentleman said that there were other grants which went to the support of infidel doctrines. If that was tha ground of o pposition, the hon. gentleman should move the rejection of the vote altogether, and not its diminution. Mr. HEY WORTH said that he would withdraw his irat motion, and move instead that the vote be reduced by 6001., leaving 900/, as a pension or compensation to the professors. Mr. R. J. FOX said the real question was whether it was true policy to grant public money to establish a branch o Scotch Presbyterianism in Ireland. He could understand a government supporting a religion because it was true. He could also understand a government supporting a religion because it was the religion of the majority, but the present grant could not be uphold on either of these grounds, because Presbyterianism was not the national re ligion, nor was it the religion of the mAjority of the people of Ireland. It was, like all other grants of the same kind, an attempt to support the doctrines of a few by the money of the many—the religion of a sect by the money of the nation. (Hear.) It did not stand on the same 'ground as the vote to the Scotch professors, because in Scotland the religion of the majority of the people was Presbyterian ism. He should recommend the opponents of the Maynooth grant to consider well the grounds on which they sup ported the present one. This was the Maynooth grant of the Presbyterians. (Hear.) Mr. SPOONER said he did not want to be instructed i in his duty by the hon. member for Oldha m. su pport this vote because it was for the support eul i s e e of i should w truth, ou e I n a t but he should oppose the Maynooth gran t majority, Oldhams o ought tha to support superstitious fables. (Laughter.) . Sir J. FERGUSSON said that th e present vote was a grant to the College of Belfast. Now, in the north of on Ireland the Presbyterians wereemi,bnear fur his own showing, the hon. in vote for it. long as the Government su pported the grant to Maynooth. Mr. MOWBRAY said he should support this grant as (Laughter.) If, however, the hon. member for Sheffield showed that any portion of it . went to the support of a Unitarian minister, he should, oin with him in opposition to that part of the vote. The house then divided — For the amendment3l 85-54 Against it .. Mr. CROSSL EY mov ed to reduce the v ote b y the sum. of 3201., for six and a half years' mistakes in Mr . Youn g ' s re ti re d allowaume. Mr, - WILSON believed that the hon. gen tleman was no acquainted with the circumstances of this vote. In 1850, , when the Queen's Colleges were established, the professors at the Belfast24cademical Institution were discontinued. li