The Sun. — London, England, 1854-03-07 00:00:00

th conit . Dng COn" r rather ;he e~iLi and oa. 3, j agkr )1 - op o3 InY s °' which it ng f r° l: `' LOD; to tl ati [lllltila4 . ma OW that I did not know in the month of March what would be the state of trade, what would be the character of the harvest, what would be the state of Europe in the latter part of the year. (Hear, hear.) The right hon. gentleman says that these things have nothing to do with the matter. Nothing to do with the matter ! Nothing to do with the rate of interest upon Exchequer-bills. Why, if the right hon. gentleman will investigate papers relating to the finances of the country, let him investigate some other papers. Let him ask himself what was the state of all these symptoms • , 'which determined the condition of trade—which determined , the state of the money market at the beginning of last year, and what was the state of tride t and of the money market at the latter part of last year. Let httreask hirneelf what was the -state of the bullion in the Bank of ,England in January, and what was its condition in September; what was the price of corn in January, and what was the price in Oct. and Nov.; • - what was the rate of discount charged by the Bank in Jan., • and what was the rate charged in Sept. (Hear.) I have not by me the returns as to what the rate of discount was in Jan. • lam quoting from memory; but I believe lam correct in say 's • ing that it was 21 per cent. [An Hon. Mruezn--2 per cent.] Well, certainly, not more than 21. In Sept. the rate of dis count had advanced to 5 per cent., and the right hon. gentle • man, forsooth, wants to make me responsible for this increase. (Hear.) But the right hon. gentleman who thus passes by facts which ought to be plain as the sun at noon day— Mr. DISRAELI—I only referred to the fall iu the price of Consols. The CHANCELLOR of the EXCHEQUER.—The right hon, gentleman shall have that subject by and by. The right hon. gentleman made no reference to the increased rate of discount charged by the Bank of England, to the rise in the price of corn, to the state of the bullion in the bank ; but he does re fer to the operation with respect to Exchequer-bills, as if it had been. a mere freak on the part of the Chancellor of the Exchequer, charging upon me the additional expense he said it entailed upon the country. But, sir, the right hon. gentleman is not correct in his facts. The right honourable gentleman is not right in saying that there was any loss at all in consequence of what I did in respect to Exchequer bills ; nor does he give a fair or true representation of the case as it regards the premiums upon these Exchequer-bills. Why the right hon. gentleman, it may be observed, after telling us what was the rate of premium upon Exchequer bills before the interest was reduced—instead of giving us the rate of premium just after the interest was reduced, when it would have been a fair presumption that the reduction and nothing else was operating—passes on to the month of May, while the reduction was announced in the month of February. (Hear.) He says the premium in May was down to 2s. ; and so it was ; other circumstances were then in operation. But nay justification is this with regard to the reduction of the rate of interest :—No annual security ought to bear a high premium. (Hear.) It is an absurdity upon the face of it that an annual security the whole interest upon which *At • amounts to 455. should be at a premium, of 608. I mean, of course, that the holder of the security has only the guarantee that he will be paid his rate of interest for 12 months, and, therefore, if at the expiration of that time he is paid off at pare he gets 15.5. less than no interest at . all, (Hear.) This absurd state of things —a -state of things- which ties up the • hands of the Government—makes it impossible for them to a, ;u redeem these securities witlethe balances which are then in eik - : !1 .; the Bank. The only way by which I could reduce the amount of unfunded debt was by bringing Exchequer-bills to something like a reasonable premium.. I am sorry I have not now before me the statement. which I had in my hands a few days ago, showing the price of Exchequer-bills after the re duction ; but, speaking from memory, I think the right hon, gentleman will find that for two months after the reduction the premium upon Exchequer-bills ran between 10s. and 20s. The right hon. gentleman has stated that there has been a 4 loss to the country of 36,0001., and what does he mean by that statement He means to make Inc responsible for the , occurrences of those various circumstances which rendered it necessary to raise the rate of interest, quite forgetting that, although ho accuses me of causing that result, ho might, t-j 4 " .by referring to what had taken place in France, where there " is no imprudent and rash Chancellor of the Exchequer, have observed that the same causes which rendered it necessary to raise the rate of interest in this country had operated there with even more effect. Well,' sir, the right hon. gentleman has said that there has been a Item to the country of 36,0001., but i should have been very glad if that statement had been explained, for it is, I confess, to me a perfect mystery. (Hear, hear.) I say more—l say that the right hon. gentleman is completely in error—(cheers)—and I say that, notwithstand ing the unfavourable circumstances of the autumn, and not withstanding the doubling of the rate of interest, which those circumstances brought about, there has been on the whole a saving effected. In the year 1852-53 the amount paid was 3(17,0001., while in the year 1853-54 it has only been 347,000 e, and that is the state as regards the Exchequer. The right hon. 'gentleman says that I persisted in acting contrary to the warnings of every kind addressed to me by all the wise men in Parliament, although he himself was too modest to offer his advice. I will admit that several hon. gentlemen did entertain doubts of the success of the plan, and the words of the hon. member for Huntingdon turned out right. The right hon. gentleman spoke, however, as if I had acted contrary to the whole course of public opinion, both in and'out of the houee. But what were the facts? Why, the whole course of the criticisms of the right hon.gentlemau and his friends, at . that time, were against the terms I was offering to the public 4 creditor ; they declared over and over again that they were too good for the public, coeditor, and against the interests of 4 `the public. (Hear, hear.) Was no such opinion expressed • 'in this house? Why, whom do I see opposite, I see the • Ficius Achcaes of the right hon. gentleman, the honourable ' e and learned member for Suffolk (Sir F. Kelly), who recreated his powerful mind with all - manner of facts and fancies as to the bargain I was proposing. Did he not enjoy the confidence and possess• the sympathy of the right hon. gentleman ? Did he not fairly exhaust the English vocabulary, and drag out of it every epithet which its resources could furnish, in order to reprehend me for the extravagant, the monstrous, the lavish, the wasteful, the utterly incredible project of offering a guarantee of 2/ per cent. for forty years ? (Hear, hear.) The right hon. gentleman says he has been denied the liberty of discussing these subjects. No, sir, I haye not • denied it to him; and I never will so long as he uses the • liberty as he has done to-night. (Cheers.) Do not, however, • let me lay all the responsibility of the course then taken upon • the shoulders of the hon. and learned gentleman the member for Suffolk, To do him. justice, I must say he never shruuk from his opinions, though I differed from him at the time ; and the house will do me the justice to remember that I never held out any great expectation of immediate results. (Hear, hear.) But what was done by the right hon. gentle ' . man himself ? What did ho say ? Did he tell rue that the scheme would fail, because the public creditor would not ac , • oept it ? No, sir ! lie says this was not a simple error of mine, but that it was an error in defiance of all advice and all warning given in the course of the discussion. And how does he make out that case? He says that in December the price of Consols was 1011, This was when Lord Derby's Government went out. Consols, he says, went down directly afterwards la per cent. ; and I thought it was great modesty , I ‘e • on the part of the right hon. gentleman that he did not at tempt, at this period, to join to g ether cause and effect, and to state at once that the fall took place because Lord Derby's ' t i Government were out. (A laugh.) lam sorr y , however, to . say that this very plain stattment of the right hon. gentle . man is susceptible of an easy explanation, to which I am • under the necessity of begging his attention. His case was this—in the month, of December the price of 100/. Consols was 1011 ; and in the month of February, when Parlia ment met, the price of Console -was 99 and a fraction ; f • that,' consequently, was a decrease of fully 11 per cent. (Hear, hear.) Now, did it 'never occur to the right hon. gen ; tlenaan to ask himself whether anything had ever happened • •in the meantime. (Hear.) lam surd it ought to have sp s ,,•, done. He quotes the price of Consols at the end of De e • ,' • ceanber at 1011 ; but what happened on the sth of January - • to the holders of Consols ? Why, upon the sth of January they received 1/. 10s. the half-yearly interest, the precise amount, or nearly so, by which the price had fallen. (Hear, hear.) There was, however, a great deal of discussion in this house about the probability of the permanent lowness of the rate of interest. I need not remind the house, because the house well remembers them, of the positive opinions on this subject of the hon. and learned member for Suffolk. I was never bold enough to give any opinion upon that subject. When I brought forward my proposal I did not venture to , found It upon anything so unstable as any opinions of my own . as to the permanent rate of interest. I founded it upon the fact that there appeared to be a state of public feeling which would secure such an amount of agreement upon the plan as would make the experiment worth trying. Any gentleman who will read the statement I made at the time will find that that is their scope and strain. But the right hon. gentleman who now comes forward to show up my weakness and frail ties, has he never dealt with this subject of the permanent lowness of the rate of interest t Yes, sir, ho dealt with it iu December. (near, hear.) In December he spoke of increas ing and confirming the credit of this country in consequence of the discovery of gold. He said, " But, sir, although the • rate of profit depends upon the rate of wages, that is not the only element in this great question. There is another ele ment still more important in its solution, and that is the rate of interest. I maintain that it has not only given activity to commerce, but that it has influenced the commercial opera , tions of this country to an extent which no other article could • • have exercised. I say that the discovery of gold, considering the currency which we possess, has established credit in this country in a manner which no political economist could ever have imagined. I say that it has increased and confirmed ' credit in this country, and that increase and confirmation of credit has of course, proportionably increased the employ ment of the people. It would seem to be mere blind and ob . stinate prejudice to.ahut our eyes to that conclusion. But there is another question to be considered iu regard to our prosperity at this moment, and that is, will the present low rate of interest last ? I hope it will. My opinion is—though it is, perhaps, imprudent in me now to volunteer it—my opinion is, that whatever imprudences may occur—and I need not say that I deprecate them, but, notwithstanding some imprudences— , ' • the present rate of interest will mainly continue." Such were the vatieinations of the right honourable gentleman—of him who reproaches me in this house to-night for not having fore- ' seen what would happen six or eight months before it oc curred, and for not thinking the state of politics anything ; • and what will be thought of him who, considering me respon sible for reducing the rate of interest, prophesied himself that . the then low rate of interest was to be " mainly permanent'?" (Hear.) That was in December. • That was before the fall of • la per cent, in Consols. But, sir, lam now about to quote some language used by the right hon. gentleman at another time, in the midst of the very dlecussions on this abominable bill of mine, finding fault with me--for what ? Not for dis turbing the money market with experiments whichmust prove abortive—not for proposing a scheme calculated to meet the difficulty of the case in my view, though he might not agree . with me—but still, on the old doctrine that the rate of in • , terest was too high, (Hear.) What was the speech of the • right hon. gentleman? He gave a long display of all the magnificent reductions in the interest of the national debt, • • from Walpole downwards, and said that all our reductions amounted only to the contemptible sum of 600,000/., upon .500,000,0001. of debt. This was the argument of the right honourable gentleman ; but it went upon the doctrine—the very opposite and contradictory doctrine to that which he has broached to-night—the doctrine that the terms offered were both extravagant to the public creditbr and unjust to the na tion. He said, " If the committee agreed to the conversion of the whole of 500,000,000/., under the second resolution, he must remind the committee that the profit of the country would but little exceed 550,000/. a year ; and they should well consider whether, for such an object as reducing the interest of the debt by 500,000/. sterling, they would do right to fix the rate of interest at 21 per cent, for more than forty years." It was too bad a bargain for the public to fix the rate of interest at 21 per cent. and give them a guarantee of forty years. That was the opinion of the right honourable gentle man —(hear, hear) —that is his opinion still. Very well ;if it is so, let us know how the matter stands. If ho holds to the opinion, let him enjoy it ; but if he thinks that 21 per cent. was too high a rate of interest, with a guarantee of forty years, do not lot him now find fault with 1110 for having done wron g to the stockholder by offering those terms. This state ment was made on the Bth of April, long after the fall in Consols. (Hear, hear.) The right honourable gentleman says the bill was passed in such breathless haste that a great error was committed in it—that it was found that the parties could not get their money, and that the new bill was pushed through with only twenty members in this house. The right honoura.ble gentleman surely has been indulging in the power ful faculty of his imagination. He may be right ; it is not for me to dispute what he asserts so confident); but all I can say is, that the whole of that strange assertion is entirely new to me. lam not aware that in consequence of the haste With Which the bill was passed AU error was committed, which • ,„ ,„ ;~ I `RQy I. • • • • , Al t : . ,4 7.7 • k' • reudered another bill necessary, in order that the stockholders might be enabled to receive their money. That was no such thing. The amended hill to which the right honourable gentlemau refers, was a bill for an entirely difrorent purpose. It was introduced to meet the case of a particular set of per sons, who were holders of portions of South Sea Stock, with regard to whom it was found that their peculiar case did not come within the provisions of the former act so as to give them an option. (Hear.) The right honourable gentleman here seems under some hallucination. He passes off a series of factS which have no relation to each other. Either he or I must be dreaming to admit them. I have yet one more point to deal with. I have dealt with the question of the rate of interest upon Exchequer-bills—l have dealt with the much larger scheme that I proposed last year—and I hope that there was no want of frankness in what I said of it. I recollect saying that it might in its main objects be abor tive. But the right honourable gentleman says, I will not make confession. Why, I have made confession. I told the house so at the close of the last session. My conscience there fore is clear as to this charge of the right hon. gentleman. But, on the other hand, I tell the house that so far from there being a loss upon other parts of the plan, when the transac tions are wound up there will be a profit ; but though it is impossible to state with precise and rigid accuracy the profit and loss upon the transactions, l e have the means of stating that the profit will be about 132,0001. a year. No doubt that is a very contemptible sum in the estimation of the right lion. gentleman, who thinks 600,0001. upon 500,000,0001. of debt not a sufficient saving to induce the Chancellor of the Exche quer to give a guarantee of 42 years. I do not pretend to put myself upon a par with the right hon. gentleman, but I do humbly venture to think that it is better to have a profit of 132,0001. a-year than nothing. Then we come to the state of the public balances. Here so many fancies spring up in the mind and brain of the right lion. gentleman, that it must be perfectly extraordinary to see one so possessed with bugbears and delusions. He has got it into his head that the public credit is in au unsound state ; he is not satisfied with the price of the Three per Cents, being at 91 in a time of war—a state of public credit unexampled and unparalleled in history. But he gives a hold upon the public creditor, and how ? re commending that you should borrow ;3,000,000/. It was a marvel to me and to some gentlemen near me what the right hon. gentleman would do. He was to vindicate the liberty of debate, and he left out of consideration the reason which had operated upon me in the production of my plans; and by and by he recommends to me a loan of 8,000,000/. of money. I admit that if I had accepted the proposal of the right hon. gentleman I should have had a loss upon my transactions. But, let me ask, for what purpose is it necessary to have this loan ? We do not want it. Nobody wants it. The Bank do not want it, and there is no pressure on the money market. At the same time, I am bound to add, that I do not under stand the arithmetic upon which the right hon. gentleman recommends us to take this loan of 8,000,0001. He estimates the anticipated balances on the sth of April at 3,000,0001. I have the misfortune to differ from him here, for I estimate them at 4,000,0001. He . estimates the demand upon the Bank at 10,000,0001. Here again . it is my misfortune to differ from the right honourable gentleman, for I esti mate it at less. And lie is still more wrong in another point either in his addition or substraction, whichever it may be. I should have said that, taking the advance from the Bank at 10,000,0001., and the balances at 3,000,0001. or 4,000,000/., the difference would not be 8,000,000/. But let that pass. The real question is this - Are the public balances iu such a state as to be in the slightest degree injurious to the credit of the country? I say they are not. The right hon. gentleman asks what will be the 'amount of the deficiency bills for which we shall have to draw upon the Bank in the course of the month of April ? Only to-day I made a memo randum upon this subject ; but through my own carelessness, anticipating that the question would turn upon the finan cial measures of the year rather than have assumed a retro spective character, I left it behind, But lam very near the mark when I say that the demand for deficiency bills upon the Bank during the next quarter, to be chargeable to the public revenue, will be from 4,000,000/. to 4,500,0001.; and I have not the slightest reason to suppose that the accommoda tion will be anything but convenient at the Bank. If, how ever, it should not be convenient to the Bank, the power which I shall ask from the House of Commons to issue a cer tain amount of Exchequer-bills, keeping within the margin of the unfunded debt as it stood last year, will enable me to reduce the amount of the demand. This is the simple state of things. If you ask inc whether 4,500,0001. of deficiency bills is an amount which the Government ought to be taking from the Bank quarter after quarter, I say " No." I think it is too much. But if, on the other had, you ask me whe ther it is an amount which, if taken only at a particular period, will give the slightest shake to public credit, I an swer, unhesitatingly, " No." When I listened to the wind ing-up of the right hon. gentleman's outpouring, to the close of all this " sound and fury," I found there was nothing left, because he stated the question to be really this—whether it is safe and right, in circumstances of emergency, or in any circumstances whatever, for a Government to he under the necessity of making permanently a really large demand for advances upon the Bank, I understand him to say that by these large ad vances he means 6,000,000/. There is no such demand going to be made, There is no such demand about to be made. The demand that is to be made is a demand that can be re duced according to the convenience of the bank; and the right hon. gentleman ought to know that leaving the defici ency bills within a limit is no operation disadvantageous or disagreeable to the Bank. It is an operation which the Bank, as a banking corporation, considers to fall within its baukiug business. The right hon, gentleman, however, seems to have another confusion in his head, for he says, " You go on ask ing for deficiency bills at a rate that must raise the rate of interest on money." He seems to think we are about to ask for less than is worth while— Mr. DISRAELI—Less profitable. The CHANCELLOR of the EXCHEQUER—The Bank do not think it a bad transaction; and I hope there is no Go vernment which would go to the Bank and ask for bills at less than their market value. The right hon. gentleman will re collect that these bills are the subject of loans, at rates that are alike on uo two days. They run out gradually day by day, and run in again day by day ; and the transaction suits the convenience of the Bank, Bill-brokers will be found to lend money, for short periods, at lor 1 per cent. Why ? Be cause the securities are left one or two days, and there is a convenience to all parties. These loans are the brokers' de ficiency bills ; and this is precisely the basis of the transaction between the Government and the Bank. I hope, sir, that I have shown that the transactions upon Exchequer bills will not prove to be the bad transactions which the right hon. gentleman has described. I have also demonstrated that the rate of discount ought to have been considered by the right hon. gentleman. I have also shown that he was in error as to his statement respecting the object of the bill which was introduced.to amend the act which he said had been hastily passed. Then as to the loan proposed by the right hon. gen tleman, I ask the house whether they are prepared to saddle the country with debt to the " crack of doom ?" If they are, I cannot conceive a more effectual plan than to have the burden of the proposed luau placed upon them, A very few weeks will show who is right. The right hon. gentleman will have another opportunity of reviving this debate ; and whenever he does, he will find me perfectly ready to meet him. (Cheers.) Mr. DISRAELI--The right bon. gentleman states that the balances are perfectly satisfactory, therefore it is unnecessary for us to talk upon that subject. But I entirely differ from him, being quite sure that the state of the balances will create a very uneasy state of mind. I say the present is not a proper state for the balances in the Exchequer to be in when we are embarking in war, and when the Chancellor of the Exchequer, according to his own statement, requires 4,510,000/. of deficiency bills. The real point is this—do the committee of ways and means think, iu the present state of the country, embarked as we are in what may be a protracted and expensive war, that the balances in the Exchequer ought to be in such a state that habitually the Chancellor of the Exchequer is obliged to have recourse to deficiency bills to the extent of 4,500,000/. for the quarter? This is the real point. The right hon. gentleman says I had not taken into consideration the circumstances which led to the failure of his plan. I did take them into consideration ; but the right lion, gentleman entirely misapprehended what I said. I said I objected to his purkining his plan at a time when stock was falling and - the Bank was raising its rate of interest. I com plained that he was lowering the rate of interest upon the public securities when the Bank was raising its rate of inte rest. I find from the returns which I hold in my hand, that the gain from the reduction of the interest on Exchequer bills has been 45,581/., while the loss has . been 82,480/., leav ing a balance less of 36,8991. (Hear, hear.) The right honourable gentleman may divert for a moment the atten tion of the committee from the important point of the ba lances in the Exchequer by light criticisms upon isolated topics, which are soon forgotten, but the state of the ba lances is a subject which must occur and recur to the house again and again during the session, and I repeat it is not a proper state for the Exchequer to be in, especially in a time of war, that the Chancellor of the Exchequer should be carrying on the public business habitually by deficiency bills, according to his own statement, to the amount of four and a half millions. (Hear, hear.) What is the real point before the house ? The right lion, gentleman misunderstood me when he said I proposed a loati of eight millions, What I said was that the right hon. gentleman appeared to have paid eight millions out of the Exchequer, and certainly I did think the house would be perfectly willing to give him every as sistance they possibly could in order to enable him to carry on the business of the country upon real balances in the Ex chequer, and not by habitually borrowing money from the Bank of England. The right hon. gentleman says he has no difficulty in borrowing money from the Bank. If that be so, I can only say that the Bank of England is a very good banker, and if it will carry us through the war, as the right hon. gentleman seems to anticipate, the expenses of the con test will be much less than what we have been led to expect. But, in my opinion, the right hon. gentleman will find, as af fairs proceed, that it will be impossible for the Bank of England to sustain our finances by a system of continual loans. The CHANCELLOR of the EXCHEQUER—The right hon. gentleman says I was wrong in stating that there was a saving of 20,0001. upon the reduction of the interest on Exchequer bills, for on the contrary he proved from my own returns that there was a loss of upwards of 36,000/. lam sorry to thetsi s a h y e T3pl t eir. h eto. committeeev.CHANe CELLOR certainlyd bßeyAn tnEhimeL.treturnst when o was Gi vwsoeaafasi an error n there underratingi was n the h a e g a statementuhengain. af 2ion ~I 0 0n 0 (1 made to l .ll a n E a TQ t h i u o e n E . if us aeenr EXCHEQUER—Dry X x u p C s statement iiicreaso ofcostair. D i s I B s 2 R , A4BEOLI. Lt l h v e h c a o t l column column l of nyeofurredfiuresttieintemis li2no,tohoeo/. latter column ? The CHANCELLOR of the EXCHEQUER --35,0001 Mr. DISRA.ELI--That i s a reduction • that I made. You are not entitled to it. The CHANCELLOR of the EXCHEQUER--It is a reduc tion upon the interest of Exchequer-bills. Mr. DISRAELI —Yes ; a reduction f 1 each bill which I effected iu 1852, - from id. to 14d. upon The CHANCELLOR of the EXCHEQUER-_I do not I what the right hon. gentlema n means. What I stateis cupew ly this : that the right lion. gentleman is mistaken iu that there was a loss of 36,0001. upon the Exchequer -bill l ill t ra nsaction in 1853. And the pl a i n s t a t ement I make is ihat the whole charge which will have to be p a id b y the country' during 1854, in respect to Exchequer-bills, i s l ess either by 20,000/., or by a larger amount, than the whole char ge th at was paid by the country in 1853. (Hear.) I hope that is intelligible. Mr. DISRAELI—I must say a few words in justice to my self. According to the right hon. gentleman, I have stated that his financial arrangements of last year with respect to Exchequer-bills have occasioned a loss to the country of about 36,000/. He challenges the accuracy of my computation ; but in order to make out his case be is obliged to take into account a sum of 35,0001., being the gain upon a reduction effected in June, 1852. That reduction was effected under my advice, when I had the honour of holding the office of Chancellor of the Exchequer, and I certainly do not think the right hon, gentleman is entitled to take credit for it, and to set it off against the loss which has resulted from his own operations. The CHANCELLOR of the EXCHEQUER—I can assure the right hon. gentleman that the case shall be treated simply upon the merits of the alterations proposed under my sanc tion, and that no attempt sh a ll be made to deprive him of the credit which is justly his due. Mr. G. A. HAMILTON said the statement made by the Chancellor of the Exchequer, to the effect that his second bill of last session was not rendered necessary by reason of any omission in the first, was incorrect. The right hon. gentleman would * And, on - referring to the Bth aeAl Oth clauses Of the TM& SVW, LONDON, TVPSDAY MARCK 7, 18b4. second bill that they related to two most important points which were overlooked in the first bill. The CHANCELLOR of the EXCHEQUER said the clauses in the second bill referred to by the hon, gentleman wore introduced without his consent, and against the opinion of the law officers of the Crown, who thought they were un necessary. Sir F. KELLY then rose, and strongly impressed upon the Chancellor of the Exchequer the necessity of his stating whe ther, in the transactions for the conversion of stock, under the bills of last year, there had been a gain or a loss to the country, and if a loss, to what extent. He (Sir• F. Kelly) was of opinion that there had been a loss to the public of 700,000/. or 800,0001., which would not have occurred if the Chancellor of the Exchequer had listened to the warnings given last year, he would not say by himself, put other gen tlemen, and especially the hon. member for Huntingdon, when the funds were falling, and had stayed his hands in the operations he was then carrying on. In the creation of the New Stock in substitution of the South Sea Stock, which was about to be discharged, the right hon. gentleman had an op portunity of saving 100,0001. a-year on the interest of the public debt. Had he done so ? The right hon. gentleman had saved to the country some 15,0001. a-year. Bat it had been at the expense of from 18 to 25 per cent. lost by every holder of stock who had exchanged into the new stock. He pledged himself to bring the whole question under the consi deration of the house, and to show that by that transaction the Government was a loser of nearly 800,0001. Mr. lIILDYARD !expressed a hope that the Government would not fall into the errors which Government fell into during the last year. He did not think that France would accept a subsidy, but we might have other allies that would, and they all knew that the state of the Austrian finances was such that she would be very likely to ask for a subsidy. He hoped Government would state that under no circumstances would they subsidise any nation. Mr. DRUMMOND said he trusted that, among all the ways and means by which they might carry on the war, the house would set itself firmly against that. of which they had had some dark and ambiguous hints. He meant those allusions to tampering with the currency. When they heard gentlemen connected with the banking interest talk of the money market being tight, and of an extension of the paper currency, that meant nothing more nor less than a paper shilling. Although the Chancellor of the Exchequer had said that Russia had had recourse to such a measure, it was a precedent which he trusted would not bo followed. He very often heard them talk in that house about journeymen who wanted to share profits with capitalists, not understanding political economy ; but he thought a lecturer on political economy would not be altogether useless to that house, for they heard hon. gentlemen talk of money in circu lation as if it were national wealth; whereas the taxes which had been voted from them were a transfer of a certain amount of beef and mutton from their pockets to the pocket of the Chancellor of the Exchequer, and the money was nothing more than the agent by which the transfer took place. The motion was then agreed to, and the house resumed. SUPPLY.--REPORT. The report of the committee of supply was brought up and agreed to. CHURCH BUILDING CONTINUANCE BILL. On the order of the day for the seeoud reading of this bill, . - Mr. HADFIELD said the Church Building Commission was appointed in 1818, and a million and half was voted to build churches. The commission had existed for thirty-six years, and it was now proposed to continue them ten years longer. He did not see what good purpose would be served by that, and he therefore moved that it bo read a second time that day six mouths. The house divided— For the amendment Against it Mr. HADFIELD gave notice that in committee he should move that the duration of the bill bo limited to one year. The bill was then read a second time. VALUATION (IRELAND) BILL. The house went into committee on this bill. After a few words, the various clauses were agreed to, and the house resumed. The Consolidated Fund (8,000,0000 Bill went th rough committee. The house adjourned at a quarter to one. - - PARLIAMENTARY DIVISION. HOUSE OF COMMONS-MARCH 6. KENSINGTON IMPROVEMENT BILL Order for second reading read; motion made, and ques• tion proposed, " That the bill be now read a second time :"—Amendment proposed, to leave out the word " now" and at the end of the question to add the . words " upon this day six mouths :"—Question put, " That the word stand part of the question :"—The house di vided ; Ayes 53, noes 158. AYES-53. Baring, Sir F. Hall, Sir B. Rielciiidsou, J. Benbow, J. Hankey, T. Scholerield, W. Bowyer, G. Ileadlain, T. Scobell, Capt. G. itrotherton, J.' lieneage, Geo. F. Seymour, Lord Brown, W. Heyworth, L. Shelley, Sir J. Buckeley, Gen. Ingham, B. Smith, J. B. Cobden, R. Kershaw, J. Smith, R. Crossley, r. Kinnaird, A. Stuart, Lord H. Duffy - , C. G. Labouchere,ltt.llon.ll Swift, It. Duncan, G. Lucas, F. Thicknesse, R. buncombe, T. Mackie, J. . Wahnsley, Slr J. Evans, Sir D. Lacy Macguire, J. Wickham, H. W. Fellden, M. 3fiall, E. Willcox, B. Fergus, J. Moore, G. Williams, W. Ferguson, J. 31untz, G. Wise, A. Fox, W. Norreys, Lord .. .: . Freweu. C. Pellatt, A. TELLERS. Fuller A. Pilkiugton, J. Grosvenor, Ld. R. Gregson, S. Potter, It. Seymour, W. NOES-158. Alcock, T. Forbes, W. Manners, Lord' G.: • Anderson, Sir J. Forester, Col G. Majoribatiks, D. Annesley, Earl of Forster, C. . Massey, W. Arkwright, G. Fortescue, C. Meux, Sir IL Bagshaw, J. Freach, F. Milligan, It. Baillie, 11. Freshtleld, J. Mills, T. Ball, J. Giyu, U. Milner, W. Bankes, Itt llon G. Goderich , Viscount. Michell, W. Baring, 11. Gere, W. - Morris, D. Barnes, T. Gower, F. Mowbray, - J. Bateson, Capt T. Green, Capt John Mulgrave, Earl of Bell, J. Grenfell, Chas. Napier, J. Bellew, T. Grogan, Edward O'Brien, P. Berkeley, Hon. C. Hadfield, G. O'Connell, D. Blackett, J. F. B. 'Lail, Col. J. Otway, A. Blair, Col. J. 11. Halsey, T. P. Paget, Lord A. Bonham-Carter, J. Hamilton, Lori C. Patten, J. Boyle, Lt.-Col. Harcourt, Col. F. Peel, I. Brockman, E.D. • Bristle, Alex. Polo, S. Bruce, H. A. Heard, J. I'hillimore, J. G. Buck, L. W. Ileathcote, Sir W. Powlett, Lord W, Byng, G. . Henley, J. . Repton, G. Campbell, Sir A. Herbert, 11. Roche, E. Castlerosse, Viscount Herbert, Sir T. Russell, F. C.. Cecil, Lord IL 'Lindley, C. Sadleir, James Cheetham, John Hogg, Sir J. W. Sadleir, John Child, Smith llotham, Lord Sandars, G. C hohnon deley Lord Hughes, W. Sawle, C. Clinton, Lord C. P. P. Hume, W. Scott, F. ' Corry, 11. T. L. Hutt, W. Seymer, 11. Cowan, C. Johnstone, Sir J. Smith, M. Craufurd, E. 11. J. Jolliffe, Sir W. Smith. W. Currie, Raikes Keating, R. Smyth, J. G. Dalrymple, Viscount Kendall, N. Stafford, A. Davison, It. Kirk, W. Stanley, W. Bering, Sir E. C. Knatchbull, W. Starkie Le G. Divert, E. Knox, Col. B. W. Strickland, Sir G. Drummond, IL Knox, W. S. Strutt, E. Duckworth, Sir J. T. Langton, H. G. Thompson, G. Dull; G. Laslett, W. ___. , Thornhill, W. Duff, J. Lennox, Lord A. Trail', G. Dundas, F. Liddell, H. G. Tyler, Sir G. Dunlop, A. Locke, J. Waddington, D. Dunne, Col. Lockhart, A. E. Waddington, 11. Da Pre, C. Lockhart, W. Walter, J. Egerton E. Lovaine, Lord Whitbread, S. Ellice, E. Lowe, It. Wilkinson, W. Elliot, J. Lowther, Capt. 11. Willoughby, Sir 11. Enilyn, Vis. Luce, T. Wilson, J. Evelyn, W. Macartney, G. Wynne, W. Fagan, W. Macgregor, Jas. Fellowes, E. Macgregor, John TELLERS. Fihner, Sir E. Mandeville, Vis. . Bouverie, Hon. E. P. ' FitzUerald, J. Mangles, R. D. Ricardo, J. SHARE MARKETS. (THIS DAY.) BRITISH RAILWAYS. RA ILWATS. Aberdeen . Auabg, Nottug. Bosl Closing Prices this day. 27} 22 25 20i -- 20 41 -5; andEasta. Sunet... Belfast & Ballymena. Binning : Wolverh. • • • -- • Stour Valley Birkeuhd. Lanesh. & Cheshire Junet Do. Chesh. & Birk., £5O and £25 Cons. Do., £20.........-- Blyth Tyne originall £25 (issd. at £45) Bristol and Exeter—. Caledonian Chester & Holyhead. Cork and Bandon... Cork, Black, & Pass Cornwall Crieff Junction Dublin&BelfastJuuc Dundee Perth &Aber dem Junction Do. New East Anglian Do., (£lB E & II), Eastern Counties Eastern Union, A 8i 9 12 —lod 16 - 18 6i - 5141' 93 - 95 54 - 55; 15 - 16 12} 13 •,• '''''' • 44 - 46 7i - 8. 25 25 18 20 4g - 4g 1.2 g Stock Do., B. Stock Do., New A..., East Lancashire Edinburgh& Glasgow Edinb. and Peebles Edin. Prth. &Dundee Forth & Clyde June. Glasgow& S. Western 36 -- 40 24 - 26 63 - 65 '6l - 63 :i 26 Great Northern Stk. Do., A. Stock Do., B. Stock Gt. Sth. &West.(lre.) Great Western Irish South-Eastern Lancaster & Carlisle Do., Thirds 90 91 78 80 124 - 126 94 - 96 79i - 79 92 -- 95 12i -- 13ip 12 -- 13 p 67 -67 i 6i -- Do. New Thirds Lancash.anifforksh Do Fifths 'Do., Wet. Riding Uu Leeds Northern Liv. Crsby.&Southpt London & Blackwall Lond. Tilb. & Sthend. Gond. Bright & S.Cst. Lond, and N. Westn. Do. Fifths Do.lo/. Sh.,M&B 0 Do. Eighths 5o 40 25 25 100 - 42 all all 100 London and S. Westn. Do., £5O. Do., £4O Lndndrry& Coleraine Lndndrry. & Ennisk. INfamch.Slief.& Linen) Do., Man. & Lin. Un Midland Do. Birmng. & Derby Hidld. G. West Do. Half - Shares._ Newcastle & Carlisle Newmarket 8I 2s St. Do., Bury Extension. Nwpt.Aberg.&Hrfd Newry & Enniskillen Newry Warrenpoint and Rostrevor Norfolk Northn.Counties Un North British St. 50 St. 16 'lOO 100 16 11 all North Devon, No. 1 Do., No. 2 , 8 50 10 10 Do., A A Deferred Do., ; B Guaranteed - Nortli: London IDo. New £lO N.&S.Wstru.,Hamp. stead, and City Ju North Staffordshire North Western N. & S. Westrn. June Nuneaton, Hinckley, and Leicester 20 20 10 10 I xford, Worcester, & Wolverhampton Portsmouth Scottish Central Scottish Midland Shrewsbury & Biz mg Do. L. & N. Western Guaranteed Stook._ Shrewsby. & Plerefd. Shrewsby. & Chester (N. W. Min , Do. Halveso. 6 Do. Oswcstry Shropshire Union C,&D,fully paid up at per cent South Devon South Eastern South Wales S. Yrksh. & Riv. Dune Do 26i 13A 20 20 2/ 2s 100 100 100 100 Staines, Wok. & Wok Stockton & Darling. Stockton & Hartlepl. Taff Vale . . Do. £lO shares 17 all all 14 Do. Pref., No. 1 - rhames Haven Dock . - ... 13 - 131 8i 8i par p 96 —97 102 -102 k par kp - } - ed 78 80 11 —lO 1 10 9d 21i -22 t, 61 - 61 34 - 36 d par 51 4id 21 21 6 - 47 - 49 3$ 30 32. 33i 8 10 - 64 - 52 - JJ g - fiP 61 1 - 71 - 72 31 - 33 and Railway Vale of Neath Watered. Sr., Kilkenny' Waterford&Limeriek \Vest Cornwall West End of Loudon; and Crystal Palace, West London 8S 90 54 - 56 58 - GO all 51s. 100 20 13 ,100 55 60 3 2 d 16 - 18 8 - 9 12 - 13 34 - Business dams this day. 14 16 62 63 35 36 2 d pat 4 5 93 55 4:1 51 151 174 12 4 ad 90 # 894 ►► 78i 80 /9 „ 125 i ~ 94 79 i g 9 „ 29 - 31 2 - 2i 151 15i 5.1 -5/ 24 - 26 4 - 6 ... - ... G - 7 la I 79 A G 1 GO 1i 35 33 i Wimbledn & Croydon York Newetl. &Dem. Do. Extensions Do. G.N.E. Purchase York & N. Midland 68 69 44 1 4 d 48 -- 49 6 xd 15 4 i 1 ~ 69 8 i i ~ la 48i i SHIPPING INTELLIGENCE. CUSTOM HOUSE, MARert 6. ENTERED INWARDS.—The Triton, from Gravelines ; Mina, Leer ; Amy, Rotterdam ; Lady Elizabeth, do. ; Alicia, Antwerp ; John and Jane, Brussels • Elizabeth, Antwerp ; Maria and Jane, d o . ; James, do. ; Active, Havre ; Faith, Fernando Po, &c. ; Victo r ia, Middl e f or t ; Sarah, Antwerp ; Fortunate, do. ; Johanna, do. ; Sut.- cliffe, do. ; Ysabel Segunda, Santander ; Venus, Alexan dria ; Royal Sovereign, Charente i • Triton, Galatz ; Wm. Francis, Dunkirk ; Ryswigh, Rotterdam ; Mary Mon tague, do. ; Naiad, Trinidad ; Amelia, Rouen ; Marshall, Barnett, Rotterdam; Marie, Oporto; and the usual Con tinental steamers. ENTERED OUTWARDS FOR LOADING.—The Britannia, for Buenos Ayres ; Favourite, Algoa Bay ; New Express, Trinidad ; Lucy, do. ; Margaretha, Dautzic , Pehr, Elsi nore ; Ysabel Segunda, Santander ; Torrent, Port Philip ; Demense, Carthagena, Alicante, and Barcelona ; Glasgow, St. John's, New Brunswick ; Alma, Dantzic ; Cape of Good Hope, Malta, and Constantinople; Flying Childers, Elsinore ; Naiad, Trinidad ; and the Continental steamers. CLEARED OUTWARDS WITH CARGO.--The Gwain Maid, for Corfu and Patras ; Ruby, Mogadore ; Ann Peal, Memel ; Queen Esther, Antigua; Mary, Fernando Po ; William, Leer. LIVERPOOL, MARCH 6. The Dreadnought, steam-tug, has arrived from Wexford, with wrecked goods ex Niagara. The Robert Preston, from Charente, laden with brandy, and lying in the Prince's Dock, took fire last night, which did considerable damage to the cabin before it was extin guished. DOUGLAS, ISLE OF MAN, March 3.—The Orleans, front Liverpool to New Orleans, which was towed in here on the Ist, having capsised, after striking on the Calf of Man, has grounded in three fathoms water, and lies on her beam ends, with only a small part of h er stern above water. It is expected that her chain, spars, and rigging will be re covered, and that she may be got further in—her poop deck is gone, and she has a largo hole in her bows. BREMEN, March I.—The Napoleon (barque), apparently French, abandou,d by her crew, was seen adrift off Arne land, Feb. '24. NORDEN, Feb. 27.—The Flora (Hamburg sloop), which was stranded on the Island of Juist in 1836, and sub sequently embedded in the Sand, has been washed out of the sands, and the portion of her cargo not saved at the time, consisting of salted provisions in casks, and rolls of linen, has been thrown up. FYULLA (DUNDRUM BAY) March 4.—The Charles Hum bertsen, from Liverpool to Boston, ran on shore yesterday morning, between the Cow and Calf Rocks and Craigaiu, and lies in a dangerous position ; passengers expected to land at high water. CONSTANTINOPLE, Feb. 16.—The Henrietta (Finnish vessel), with a cargo of linseed, is reported wrecked in the ice at Kertch, and accounts have been received of other wrecks on the European side of the Black Sea, above Cape Carabonrnee, Medea, &c., supposed to be Greeks, with grain, from the Sea of Azoff; the weather has been very bad ; a steamer had gone up to render assistance. The Laura, from Grangemouth to Alexandria, is reported to have been lost on the French coast, and is supposed to have been the vessel referred to in the Dunkirk paragraph, 18th February. A vessel of from 700 or 800 tons, laden with wood, was passed, disniasted and abandoned, on the 17th February, in lat. 45 N., long. 11 W., by the Augus tine, arrived at Nantes. __— VESSELS SPOKEN . The Carus, from Calcutta to Genoa, Dec WITH . 11, lat. 24 S., long. 64 E. The Acme, from Calcutta for Boston, 21st, lat. 3 S., long. 41 E. The Luconia, from Mauritius, same day. The David. Malcolm, from Calcutta to Boston, Jan. 5, The Mangalore, from London to Melbourne, on the Line, long. 18 W. The Marlborough, from London to Port Philip, 24th, lat. 1 N., long. 19 W. The Varuoon, from Dundee to Syd ne y, N.S.W., 27th, lat. 4 N., long. 20 W. The Jane (schooner), of Perth, standing S., 28th, lat. 5 N., long.'2l W. The Guiding Star, froth Liverpool to "Melbourne, Feb. 27, 141, 49 N. , 1c0g,13 W. PREPARATIONS FOR WAR PORTSMOUTH, MARCH 6. There has been little stir on board the fleet to-clay. In fact, the ships have not been visible from the shore all day, owing to the prevalence of a thick fog, which has en veloped every object a few yards from the land. This came on yesterday afternoon very suddenly, and with it a complete change in the temperature. The fleet has been augme.nted.this morning by the Blenheim, 60, Captain the Hon. F. T. Pelham, from this harbour, and. there may be others from other ports. We are happy to state that the whole crew of the Prince Regent, 90, have been allowed to follow their Admiral and Captain into the Neptune, to the great satisfaction of all parties. Some import ant alterations have been made in the commands since our yesterday's report. Second-class Commodore Martin, late of the Duke of Wellington ' is appointed to hoist a first-class pendant in the Leopa r d , 18, paddle-frigate, Cape tam G. Giffard, and to take command of the paddle-steam squadron. Second-class Commodore Talbot, Commander in-Chief on the Cape of Good Hope station (ordered home), is to transfer his pendant to the Nile, screw, 91, Com mander Booth, in the place of Commodore Martin. Capt. Mansell will command the Meander, 44-gun frigate, vice Talbot. Captain Gordon (late commanding the screw steam-corvette Encounter) is appointed flag-captain to Vice-Admiral Sir Charles Napier. Th e Neptune, 120, we have no doubt tvill now be ready in- a day or two ; the Caesar, 91, will be completed by the dockyard department by the 18th ; the Valorous, 16, by the 13th ; and the Odin, 16, by the end of the mouth. The dockyard men are working " night and day" to accomplish these results. No . day of sailing is named yet; indeed, it is not expected any move will be made until Friday, when her Majesty and the Court are expected to steam through the fleet on their way from Gosport to Osborne. Several hundreds of visitors have come to Portsmouth to-day, principally excursionists from Brighton, to see the fleet, but the impenetrable state of the atmosphere has been a sad drawback to such as did not like to take a boat. These are rare times for the water men ; boat-hire is at a high premium, and the wherry owners and others are reaping a rich harvest. PLYMOUTH, MARCH 6. Through the activity of Mr. Moore, foreman of the ship wrights of the Devonport dockyard, th© repairs of the screw steamship Duke of Wellington, 131, were sufficiently advanced yesterday at noon to allow of the lower shores being knocked away, and - 12 feet of water admitted into the dock. At 5.20 this morning she was removed into the basin, and at 9.20 she passed through the lock into Hamoaze, where she is moored in the position usually occupied by the guardships in ordinary. It is possible that she may go into the Sound to-morrow. While in dock her copper was examined thoroughly, and an additional streak placed round her. The bulwarks have been cut away on each side of her catheads, to allow the play of an additi ona l gun , which is to be fitted on a traversing platform forward ' • this gun has a 10-inch bore, and will carry a CS- poun d s h o t . The presence of a large concourse of persons on board the. Duke of Wellington on Saturday caused considerable diffi culty in placing her in proper position in dock, and this difficulty was increased by the crowds that surrounded the workmen on shore. A third detachment .of the first battalion of the Ist Royals is expected to arrive here this afternoon. WOOLWICH, MARCH 6. ROYAL ARTILLERY. Captain Levinge's troop of oyal Horse Artillery, under the command of Lieutenant-Colonel Fox Strangwayes, Captain Paynter's field-battery, Bth battalion ; Captain Fitzmayer's field-battery, 3d battalion; Captain Thomas's field-battery, 3d battalion, with camp equipage, trenching tools, and every requisite for war service ; Captain Baker's reserve field-battery, and Captain Anderson's small arm or mounted brigade for Minis rifles, under the command of Lieutenant-Colonel Anderson, assembled at half-past 9 o'clock a.m. to-day in heavy marching order, and pro ceeded to the Common, whore they were drawn up, the . Royal Horse Artillery and field-batteries from south to north, and the small arm brigade, with 40 ammunition waggons, store-waggon, and arruouror's forge, from west to east, the whole forming two sides of a square. Captain Barker's reserve battery was drawn up on foot in the rear of the flagstaff, with their camp blankets. Lord Raglan, attended by Lord Burghersh and several of the officers of his staff, arrived at the garrison hero at half-past ten o'clock, where he was received by Lieut.- General Sir Hew 1). Ross, Colonel E. C. Whinyates, Colonel Cator, Lieut.-Col. R. Hardinge, Lieut.-Col. Browne Willis Lieut.-Col. John Bloomfield, Lieut.-Col. Lake, Lieut.-Col. Wingfield, Brigade-Major Bingham, Captain Riddell, Brigade-Major Adye, and a number of officers of the corps. His Lordship arrived on the Common at 11 o'clock, and commenced his inspection by going round each gun detach ment, and minutely inspecting both men and horses, and their appointments. After the inspection, which lasted nearly an hour, the Master-General, with his staff, proceeded to the usual sta tion where the flag is placed, and the troop and batteries broke into open column of route and marched past at a walk, which occupied upwards of half an hour. The horses and gun-carriages, with the waggons, would have formed a route -marching line of more than two miles in length. The Royal Horse Artillery have received orders to ihold them selves in readiness to embark at Woolwich dockyard on Thursday next. His Lordship left the garrison shortly before 1 o'clock, and returned to London with his personal staff by the 1 o'clock up-train from dockyard station of the North Kent Railway. A thick fog prevailed during the whole period of the inspection ou the Common to-day, but it partially cleared off as the troop and batteries commenced marching past. Major Young's Company (12th battalion) joined head quarters here from Portsmouth on Friday last, on being relieved by Captain Adair's Company (sth battalion), from Leeds. Ono Second Captain, 1 Lieutenant, 5 non-commissioned officers, and 36 gunners of Captain H. A. Turner's com pany (Ist battalion), have been placed under orders to pro ceed to Pembroke, for duty at that station. A notice has been posted up at the factory ticket-office at Woolwich dockyard to the effect, that any factory workman who has been at sea as engineer may be at once appointed acting first class engineer afloat, with the pay and allowances of that class, and when not required for the navy will be again taken back into the factory. In consequence of this notice five workmen volunteered and were appointed to-day. The engineers of the Royal Navy employed in the port tugs and river vessels are to bold themselves in readiness for immediate sea-service, and men are ordered to be se lected from the factory at Woolwich to work the engines of these vessels. CHATHAM, MARCH 6. The Euryalus, 50, screw steam-frigate, Captain George Ramsay, having been reported complete in the engineer and shipwright departments on Saturday last, immediate orders were issued for her to proceed ou Sunday morning to Sheerness, and take in a full stock of coals, and also shells, and other munitions of war, preparatory to joining the Baltic fleet. DUBLIN, MONDAY MORNING. The 63d Regiment —one of the next for war service—has had draughted into it over 250 of the recently enrolled le vies. The new men are stated to be of a superior class, and have been admitted into the first and second classes of the regimental school. A company from the north is hourly expected in Dublin, when the c or p s o f 850 s t rong w ill b e ready to embark in the next transport troopship that may arrive in Kingstown harbour. The 21st Fusiliers are also prepared to embark at au hones notice. The 14th Regi ment, at present stationed in Limerick, expect to embark from that port on Friday next for service in the East. The Holyrood (screw steamer) is being fitted up for the accommodation of the troops Recruiting in the Cork dis trict is progressing most favourably, and a sufficient num ber of men are entering daily, so as to remove all fears of there being any remarkable scarcity of recruits for active service. Orders have arrived directing the commanding officers of the 39th and 89th Regiments, lying in Cork, to enrol 100 additional recruits to be added to the strength to each regiment previous to departure on active service. 200 of the depot of the 92d (Gordon) Highlanders, stationed in Galway, have volunteered to the 79th, now under orders for f ore ign service. A still more marked instance of military ardour occurred at Limerick last week. An order had been received in that garrison for volunteers from the 72d for the 42d and 79th Highlanders ; when the commanding-officer announced the fact upon parade, the whole depot of the 72d to a man eagerly volunteered their services forthwith, in the most laudable spirit of devotion to their Queen and country. The Oalway Packet states that an order has just been received by Captain Richardson, directing that 24 of the Coastguard , who are to be selected from the different stations in that district, are to proceed on the 9th inst. to Plymouth, with a view of being draughted into vessels of war for active service. If a like proportion be observed in all the stations through this country, from 700 to 1,000 efficient and well trained men would be obtained for naval service. Th e m en th us se l ec t e d will receive the rations and pay of able seamen while they aro engaged in the naval service, in addition to their cur rent pay in the Coast-guard service. They will be thus enabled to lay by their income as Coast-guards, or appro p riate it to the use of their families during the period of their engagement in the navy. THE GUARDS ON THEIR VOYAGE. Gratifying accounts have been received, from Gibraltar of the health and spirits of all on board the Ripon. The run from Cowes Roads was made in five days, under the most ft weather. The arrangements ents circumstances inadeby o the Peninsular en w ia in su d d la a rnana Oriental Com pany Minio rifle practice for the comfort and convenience of the officers and men had given the highest s atisf action. During each morning r fi n r i i n u g g the at a men tar g a e v t e r hanginge e rci s e f d r o a m t thethe end of o ne of the ship's yards, while the officers fired with revolver pistols. Both weapons are said to answer admirably. Theafternoons and evenings, after leaving the colder latitudes, were de voted to singing and dancing, the festi v iti es of t h e d ay being usually wound up with " God save the Queen," in which the military, as well as the ship's crew, joined with enthusiasm. On the afternoon of the 27th ult., when within a few hours sail of Gibraltar, the Ripon passed a French man-of-war, the crew of which cheered the Eng lish colours heartily. On the same evening a 4ussian- Finlander, having a dismasted Dutch wreck in town, was fallen in with. It is worth w hile to observe that the Orinoco, Royal Mail-steamer, which left port nearly at the same time with the Ripon, having the battalion of the Coldstream Guards on board, kept in sight almost during the whole run. At Gibraltar, where the Ripon stopped a few hours to coal, the Orinoco passed, and proceeded on her voyage to Malta.. Owing to the quarantine regulations none of the officers were permitted to land at Gibraltar—a circumstance which occasioned much disappointment among those who were not previously aware of the regu lations which still continue to be enforced at the Rock. The Peninsular and Oriental Steam-packet Company's ship Indus arrived at Gibraltar, on her homeward voyage, just as the Ripon came into the bay, and has brought, ou the English letters. NAVAL APPOINTMENTB Lieutenants—E. G. Hore (1846), to the Conflict, 8, screw steam-sloop, at Portsmouth ; John B. Scott (1846), from the Prince Regent,- 90, at Portsmouth, to the Nep tune, 120, flag-ship of Rear-Admiral Corry, at Ports mouth ; Robert B. Beale (1546), from the Prince Regent to the Neptune;, William Lombard (1848), from the Prince Regent to the Neptune ; John 0. Freeland (1838), recently serving in the Dasher steam-vessel, to the Prince Regent ' • Edward W. Lang (1842), to the Prince Regent ; Charles Sullivan (1844), to the Prince Regent; Robert J. Wynniatt (1852), recently serving in the Investigator in the Arctic Regions, 'to the Frites Regent ; Edward Bur stall (1846), from the Fisgard flag-ship, at Woolwich, to the Alban paddlewheel steam-sloop, at Sheerness. Paymaster—Henry R. Shaw (1852), to the Medea steam sloop. Second Master--Jaboz H. W. Rowlett (1852), to the Resistance store snip." • Midshipman—George Bohn Richards,' to tho "Neptune, 120, at Ort 5 caltil FOREIGN. 10 7 Antwerp&Rotterdam 34 —3 d 5 5 3 Belgian Eastn. June. 1 14 20 8 Beziers toGraissessac 44 —34 d 20 2s. Bombay, Baroda, and Central India,,Scrip id 1 p pm Central of Italy • 20 all. Charleroi & Erquelin — 174 all Demerara 20 14 Dijon and Besancon — p 20 8 Dutch Rhenish . 34 3 d 20 all East Indian 2f —34 p 20 2 Do. Extension ... . lf 5 all Gt. Indian Peniti p 20 10 Gd. Juuct. of France 25 10 Grd. Trunk of Canada 5 —41 d NO '3O Do. Debentures . 100 all Do. de — 20 10 Gt. Central of France 3 —2§ • 4 204 all Gt.WesternofCanada Shares, • Do. Bonds (lst is.)'s7 ..• 204 151 Hamilton & Toronto 1 —14 p 100 all Do. 6 per cent. 20 '5 Lake Const. & Basle • 5 , all Lucca & Pistoja sp. c. pref — dis 20 15 Luxembourg — 7* •10 10 Do. (Railway) 4 4f 44 5 2 Do. Pref 1 5 3 Do. (Canal) 1 10 5 Do. 6p. ct. pref l} 20 8 Lyons and Geneva 20 12 Lyons & Mediterran. 20 10 Hadras d par 334 334 Maria Antonia 10 all Do. do. New 20 • 2 Melbourne Dk. & Ry. 20 all Namur & Liege (with interest) 7 7i 20 all Do. (ex interest) — 16 all Northern of France 291 —29 f Do. 201. 3 p. a Bds 20 all (fmy.B.&Ams•Shs.) . 10 all NorwegianTrunkPre 7 81 20 10 Paris and Lyons 124 12fp 40 all Ditto Bonds ...... 10 all Paris and Orleans 42 —44 20 all Paris and Rouen— 34 —36 xd 20 all Paris and Shush° : 281 281 253. .I 20 10 ParisCaen&Cherbrg. —pm 10i 10i Quebec (St Richmond . 3 1 d ,20 all Rouen andHavre 20 9 Royal Danish 1.(1 par 5 2 RoyalSwediah — d 20 all Sambre and Meuse.- 8 83 ... 6 Do. 54 p. cent. Pref. 20 6 Southern of France _pm 20 6 St. Andrew's and Quebec (A) — 8f all West Flanders 3 - 41 10 all Do. 54 per c. Prof 20 10 Western of France.,, 21 3 10 7 West. of Switzerlan 20 2 Wiesbaden 20 , 15 Zealand MISCELLANEOUS 5 all Aubin Coal and Iron 25 176 Australian Agricult• 40 42 •20 14 A.ustralsn.Pcific•Mail 10 .8 Australn. Royal Mail 23 10 4 Berlin Water Works 50 384 Brit. American Land 73 75 5 1 Brit. & Coln. Smeltg. and Reduction Co 100 32i Canada 75 80 • 5 5 Crystal Palace lk —l3 p 5 4 Do. 1i — 1 .; p5l 4 2 Crystal Pal. of France _ " p i 4 20 3 Eastern Steam ••• 25 20 Electra Telegraph(A) 17 18 25 all Do. (B) ••• ••• 1 1 Electric Teleg. of Ir 15 14 Gen. Steam Navigat so. ••• 20 18 General Screw Steam 20 76 Irish Beet:oot Sugar 20 10 Magdalena St. Navig. 1 all Nat. Pat. Steam Fuel 10 3 Netherlands Laud._ 2 d 2 1 N. S. W. Coal & Inter. Steam Navigat. Co. 1 all N. B. Australasian — pm 1 1 4 Do. New .• ••• 20 10 Nrth.ofEuropeSteam . 8 5 a ll Peel Rr. Ld. & Miurl. 3 -- 4 1 50 a ll Peninsular & Oriental —•-• 50 30 Do. Do. ... 35 2 all Portland Iron Co f OP 100 60 Royal Mail &dam -- 1 all Scot. Austral, Invest. 11 I4P 25 25 South Anstral•Land 37 39 1 all. Submar. Telegraph d 4pxd all Do. Registered pal 100 284 Van Dioruou'a Lana 124 134 fourthlattion SUN OFFICE, Seven o'Clock. DONCASTER RACES. (THIS DAY.) (BY ELECTRIC TELEGRAPH.) MUNICIPAL STAKES. Penitent Four ran. LATEST BETTING. DONCASTER HANDICAP. 4to 1 agst Lerrywheut (wanted). sto 1 agst Hungerford. 7to 1 agst Alonso. 10 to 1 agst Pearl (taken). CHESTER CUP. 50 to 1 agst Dr. O'Toole. 50 to 1 agst Canute. DERBY. 6to 1 agst Autocrat (taken). 22 to 1 agst Acrobat (taken). 40 to 1 agst Bessus (taken). 50 to 1 agst Canute (taken). ADDITIONAL ARRIVALS. - St. Mark, Shamrock, Orange Blossom, Palmerston, sister to Aphrodite, Game Tommy, Ratcliffe Hero, and King of Trumps. AMERICA. (BY MAGNETIC TELEGRAPH.) (FROM OUR OWN CORRESPONDENT.) ARRIVAL OF THE AFRICA. LIVERPOOL, TUESDAY AFTERNOON. The Royal mail steam-skip Africa, Captain Har rison, arrived in the Mersey about noon this day, with the usual mails from the United States and British North America. The Africa, having been got off the bank where she went on shore, has. arrived from New York with 75 passengers and a small mail. The main portion being sent by the America from Boston, which sailed four hours before the Africa. Business has much improved in New York since the departure of the last steamer. Money very easy. Stock buoyant and advancing. The market for breadstuffs was dull and declin ing, anxiously waiting for further news from Eng land, and rather flat, caused by the rise in freight. There was an average business in the cotton market at former prices. The provision market very dull and unsteady. The shipowners were asking the following prices for freight to Liverpool :—Grain, 18d. to 20d. per bushel. Exchange on London dull, losi to 1081 ; on Paris, 5 15 to 5 17-4. We have just heard that the America is off the port. IMPERIAL PARLIAMENT. HOUSE OF LORDS-(THIS EVENING.) The LORD CHANCELLOR took his seat on the woolsack at 5 o'clock. The Earl of SHAFTESBURY presented several peti tions in favour of the establishment of reformatory insti tutions for juvenile offenders. The Duke of ARGYLL presented petitions from places in Scotland, praying for a national system of edu cation for that country. Lord BROUGHAM presented a petition from the society for the protection of trade in Manchester, in favour of the assimilation of the laws of England and Scotland in respect to debtor and creditor; and stated that, in the course of a few days, he intended to intro duce a bill on the subject. Their lordships adjourned at 20 minutes after 5 o'clock. HOUSE OF COMMONS.—(THIS EVENING.) The SPEAKER took the chair at four o'clock. SECOND READINGS. The Newcastle-upon-Tyne Docks Bill was read a se cond time ; also the South Wales Railway Bill. Lord LISBURN took the oaths and his seat for Cardi ganshire. On the motion that the St. Mary's, Stoke Newington, Church Bill be read a second time, Mr. T. DUNCOMBE moved that the bill be read a second time this day six months. The present church was a building that, for its architectural beauty, at tracted the admiration of every passer by. If the church was not sufficient for the present congregation, let them build an addition to it. (Hear, hear.) Lord J. MANNERS seconded the amendment. Mr. F. FRENCH defended the bill. Mr. HADFIELD maintained it was wrong to come here to ask for an act of Parliament to bind the trustees. He, therefore, supported the amendment. Mr. HEATHQOTE said, though unacquainted with the local views of the hon. gentleman who supported the bill, he would ask the house to take care and see what step they would take in respect of a matter of this kind. • This was the first time that the common law rights of a church were to be taken away by enactments of the house, and the principle of the bill was one which they ought not to pass. Mr. BOUVERIE said the bill unfortunately was likely to be shipwrecked between a High Church Scylla and a Dissenting Charybdis. (Hear, hear.) They all knew that in the parish churches of London rents were levied for the pews ; and, considering the question of principle, he should be inclined to vote for the second reading of the bill. Mr. FRESHFIELD said the effect of the bill was to give the rector 120 seats, and the parishioner had no control over them, and, in fact, the object of the bill was to provide accommodation for parties living at a dis tance, instead of those living near the church. After a few words from Mr. MIALL, The amendment was negatived without a division. Mr. LIDDELL presented a petition from Tynemouth praying for an alteration in the present postal arrange ments with the North of England. Col. BLAIR presented several petitions from places in Scotland against the endowment of Roman Catholic institutions, and also against the Oaths Bill. GREEK INSURRECTION. Mr. M. MILNES gave notice that on Friday next, on the motion for the adjournment of the house, he would call attention to the Greek insurrection in Turkey. THE CONVICTS FROST, WILLIAMS, AND JONES. Mr. T. DUNCOMBE rose to ask the Secretary of State for the Home Department, whether it is the in tention of her Majesty's Government to advise the Crown to grant the same amount of pardon to Frost, Williams, and Jones, convicted of high treason in 1839 , that has been recently extended to Smith O'Brien, con victed of a similar offence in 1848. Viscount PALMERSTON said her Majesty, who was always glad when she could properly find an oppor tunity of tempering justice with mercy, had been gra ciously pleased to extend the clemency of the Crown to Frost, Williams, and Jones, similar to that extended to Smith O'Brien. (Hear, hear.) He would take this op portunity of stating that there had been two other per sons transported at the same time with Smith O'Brien— Martin and O'Dogherty—for a slighter offence, and her Majesty had been graciously pleased to extend her par don to them also. (Hear, hear.) BUSINESS FOR FRIDAY. In reply to Mr. WALPOLE, Lord J. RUSSELL stated that the first business that would be taken on Friday would be the Bill for Reform ing the University, and then the second reading of the Bribery Bill. Sir J. PAKINGTON should understand then, that ,the Poor-law Settlement would not be brought forward 'l4 Friday. Lord J. RUSSELL replied in the negative. SAVINGS' BANKS. Mr. H. HERBERT wished to ask the Chancellor of the Exchequer whether he intended to bring in any mea sure on the subject of Savings' Banks this session 2 The CHANCELLOR of the EXCHEQUER said at the first favourable opportunity he should submit to the house, in substance, the same bill that he introduced last year ; but as the financial part of the subject was mixed up with the managem ent clauses, he . was afraid, in the existing state of affairs , there was little prospect of his being able to pass such a bill at present. METROPOLITAN GRAVE YARDS. Col. HARCOURT moved an address for a return of all the notices for discontinuance of burials within the metropolis, issued by the Secretary of State, in compli ance with. the provisions of the act 15 and 16 Vic. c. 85. Lord PALMERSTON had no objection to the re turn, remarking that at present he did not think there was any necessity for making a change in the law with regard to the construction of new cemeteries. He had, however, in preparation a bill for regulating what should be done with graveyards, in accordance with the orders in Council. After a few words from Mr. WilaiNsoN, Sir B. HALL said he was satisfied that when the re turns were forthcoming it would be found that the me tropolitan parishes had obeyed the orders of the Secre tary of State with the utmost alacrity. Mr. A. PELLATT regretted that the return was not to extend to a wider area than the metropolis. After a few words the motion was agreed to. POSTAL COMMUNICATION WITH SCOTLAND. Mr. H. G. LIDDELL moved for a select committee to inquire into the postal communication between Lon don and the cities of Edinburgh and Glasgow, with a view of ascertaining whether greater despatch and punc tuality can be attained in the transmission of letters, as well between the termini as the intermediate places. He suggested that the Northern Mails, instead of being carried round by Derby and Rugby, should be taken by the Great Northern Railway. Mr. COWAN seconded the motion. Mr. WILSON said there were difficulties at present in the way of employing the Great Northern lino ; but - when these difficulties, vvhioh were of a soznewhas Gown. plicated character, should be removed, there would be no objection to carrying the mails over that rAilway. [LEFT SPEAKING.] THE LONDON GAZE (THIS EVENING.) 'TE. WHITEHALL,MancH 6. The Queen has been pleased to direct letters patent to be passed under the Great Seal, constituting and appoint ing the Right Honourable George, Earl of Aberdeen, K.T. ; • the Right Honourable William Ewart Gladstone ; Alfred Hervey, Esq. (commonly called Lord Alfred Hervey) ; Francis Wemyss Charteris, Esq. (commonly called Lord Eleho) ; and Chichester Samuel Fortescue, Esq. ; to be Commissioners for executing the offices of Treasurer of the Exchequer of Great Britain and Lord High Treasurer of Ireland. DOWNING-STREET, MARCH 6. The Queen has been pleased to appoint Captain Henry Ratcliffe Searle to be Assistant Police Magistrate for the colony of Sierra Leone. Her Majesty has also been pleased to appoint John Grant and James Sawkins, Esqrs., to be Colonial Surgeons for the Forts and Settlements on the Gold Coast. ller Majesty has further been pleased to appoint William Henry Shew, Esq., to be a Member of the Council of the Virgin Islands. ST. JAMES'S PALACE, MARCH 6. The Queen has been pleased, on the nomination of the Right Honourable Lord Foley, to appoint Philip Salo mons, Esq., one of her Majesty's Honourable Corps of Gentlemen-at -Arms, vice Kitson, retired. Notice is hereby given, that in the Exchequer-bills about to be issued on the 10th instant, an error, committed by the engraver in the date of such bills, will be corrected in red, by the substitution of 1854, for 1853. ar M ch ° , s I T BS4 EAG . LE, Comptroller - General. Exche quer , 3d M COMMISSION SIGNED BY THE QUEEN. Royal Flintshire Militia—John Warren Glubb, Esq., late Captain 44th Regiment, to be Adjutant, vice ?Weston, resigned. COMMISSIONS SIGNED BY LORD LIEUTENANTS. North Durham Regiment of Militia of the County of Durham—John Nicholson, Gent. ; John George Lambtou Green, Gent.—to be Lieutenants, March 2. 4th Regiment of West York Militia—Edward Waud, Esq., to be Captain ; Lieutenant Richard Dyneley Cham berlain (from the Ist Regiment of West York Militia) to be Captain ; Humphrey John Hare, Esq., t o b e Captain ; Lieutenant Joseph Hartley (from the Ist Regiment of West York Militia) to be Lieutenant ; Joshua Ingham Min, Esq., to be Surgeon, March 1. Forfar and Kincardineshire Militia—Willi am B urne tt Ramsay, Esq., to be Lieutenant-Colonel, vice Sir Aler.;. ander Ramsay, Bart., deceased, March 2. The Lord Chancellor has appointed the following gentle men to be Commissibners for administering oaths in the High Court of Chancery : Robert Cole, Tokenhouse-yard, City. William Thomas, Walsall, Staffordshire. James Miller, Eastcheap, City. James Vaizey, South-square, Gray's-inn. Samuel Heath, jun., Church-court, Clement's-lane, City. John Danby Christopher, Argyle-street, Regent-street. Thomas Lacy, King's Arms-yard, City. John Wyberg, jun., Liverpool. Joseph James Ridley, Birkenhead. BANKRUPTCIES ANNULLED. William Houldsworth, brewer, Egremont, Cheshire. William Ness and Thomas Snowdon, tar and napt•ha distillers, Leeds. 6 6 1 7i 13} 8 i 1 96.1 7 6 101 i 2 1i 2 + r ' ~ t . , ~~'O _~'a.. ~ .-.. PAP E BANKRUPTS. George Jones, jeweller, Baker-street, Lloyd-square, to surrender, March 16, at eleven, and April 20, ai twelve, at the Court of Bankruptcy. Johnson, official assignee ; Crover and Coare, solicitors, Temple. William Gilbertson Leo (known as William Leo, and sued as George Leo), dry salter, Walworth, March 17, and April 21, at half-past one, at the Court of Bankruptcy. Caunan, official assignee, Aldermanbury ; Scarman, Cole man-street. John Ellis, joiner and builder, Manchester, March 24 and April 28, at twelve, at the Manchester District Court. Hernaman, official assignee, Manchester ; Sale, Worthing ton, and Shipton, Manchester. Richard Lynch, shoemaker, Manchester, March 20 and April 10, at twelve, at the Manchester District Court. James Stansall Pott, official assignee, Manchester ; Copper and Son, Manchester. . _ John Ashworth, hotel keeper, Litchurch, Derby, March 24, and April 7, at ten, at the Birmingham District Court. Harris, official assignee, Nottingham ; Marshall, Bir mingham. Charles John Darkin Campbell, builder, Camden-town, March 21, at one, and April 24, at two, at the Court of Bankruptcy. Lee, bfficial assignee, Afoorgate-street ; Law ranee, Plews, and Boyer, Old Jewry-chambers. Francis Paul Becker, engraver and printer, Stationers Hall Court, Paternoster-row, March 20, at two, and April 24, at ono, at the Court of Bankruptcy. Lee, official as signee, Moorgate-street; Pawle, New-inn. James Sivyer, grocer, Stratford, Essex, March 18, and April 22, at one, at the Court of Barikruptcy. Pennell, official assignee, Guildhall-chambers; Hill and Matthews, St. Mary-Axe. Henri Groom, miller, Bray Mills, Berkshire, March 15, at one, and April 22, at two, at the Court of Bankruptcy. Nicholson, official assignee, Basinghall-street ; Smith and Son, Argyle-street. Joseph Munden, sen., flax and tow spinner, Slape Mills, Dorsetshire, March 14, and April 1t at one, at the Exeter District Court. Hirtzel, official assignee, Exeter ; Gun dry, Bridort; Torell, Exeter. Thomas Harvey, builder, Caledonian-road, Islington, 18th March, and 22d April, at half-past one, at the Court of Bankruptcy. Nicholson, official assignee, Basinghall street • Lowrance, Plows, and Boyer, .4, Old Jewry chambers. SCOTCH SEQUESTRATIONS. Archibald Grahame Lang, merchant, Glasgow. James Wallace, writer, Glasgow. James Milne, merchant, Glasgow. COURSE OF EXCHANGE—Tars DAY. Amsterdam ............ 11 13 Gibraltar ........ „ Ditto, three months .. 11 151,4 t.eghorn .............. 30 62)4 Rotterdam ...... • • .... 11 15 i Genoa, 25 52%, Antwerp .............. 25 20 Milan .. Brussels .............. 25 20 Venice ................ Hamburgh ............ 13 3. Altona ................ Paris .• ...... .... 25 0 Ditto, three months 25 27;,c Marseille,s..—.. • ..... 25 39 Bourdeatix ............ Frankfort-on-Maine .... Berlin „ „ Vienna .. • 13 20 Trieste • • 13 25 Petersburgh............ 34% Madrid ................ 50 50% i Seville „, Naples ................ 42 Palermo .. Messina 1204 Lisbon ...... ... •.•• • • • 53 '4 Oporto ..... •••• • • • 5 3 3 4 Rio Janeiro • •• Buenos Ayres .......... New York, 60 days' sight Philadelphia .......... PRICES OF BULLION, PER OZ. Foreign Gold in Bars Z 3 17 9 Portugal Gold Coln 0 0 0 !Mexican Dollars 0 0 0 ! New Dollars 0 0 0 riilver in bars 0 0 0 118 COUNTRY MARKETS. * CHELMSFORD—Manes 3. Prices to-day wore as follow :—Wheat, white, old 70s to to 85s Od, new 7th to 85s ; red, old 58s to 80s, new 61s to 80s ; barley, 288 to 368 ; chevalier, 35s to 40s ; grinding, 21s to 33s ; malt, 61s to 65s ; chevalier, 64s to 708; oats, 22s to 298 ; peas, partridge, 40s to 458 ; white, 48s to 508 ; boiling 55s to 618 ; dun, new, 41s to 41s ; beans, tick, 40s to 42s ; Harrow ticks, 388 to 418 ; Mazagan, 38s to 41s. COLCHESTER —Maxon 3. Prices to-day were as follow :—Wheat, white, 803 to 905; red, 76s to 81s ; barley, 38s to 42s ; oats, 26s tons ; beans, Mazagan, 38s to 40s; middle and small, 40s to 465; peas, white, 60s to 64s ; grey, 40s to 465. Official Statement of the Quantities of Corn, &c., received in tho port of London, from the following ports, from the 27th February to the 4th March, both inclusive. pl . I ' l g d 0 0 P, Colchester Harwich Leigh 1 1 81 24'1 145 - 135 G 8 - 542 374) - - I 260 35 270 176 300 .I.IU - I 413 KIRSC, ;ALDY-MARCH 4. Wheat. I Barley. Oats. I BeanS." First Second 39s -od. 3ls Oct I Os Od I Third 5Ss Oct 29s Od 25s Od I N 04 Oatmeal, per bag of 2801bs imperial, 44s Od to ON Od. COAL MAR] Prices of Coal per ton at s. d. Carr's Hartley 2O 6 s. d. Dean's Primrose lB 6 Belmont 21 0 Hasting's Hartley 2O 6 Braddyll 2l 0 H01ywe11....... ..... .. 22 6 Hetton 22 0 Howard's West Hartley Haswell 23 0 Netherton 20 6 Kepler 21 0 Old Adairs Hartlepool West Hartley 20 0 Russell's Hetton 21 6 Tanfiold Moor lB 6 Stowart's 22 6 Penfield Moor Butes 18 6 Denison 20 0 Townley . 20 01 Hartlepool 22 6 West Hartley 2l 0 ilieugh Hall 20 6 Kelloe 22 6 South Hartlepool 22 6 South Kelloe 20 6 Tees 22 6 North Hartlepool ... Adelaide Tees 2l 6 South Durham ,,....20 3 Cowpen 21 0 7.-11flutcs 6. close of the market Wallsend, Sae. WO.'send &c. Bell and Brown 20 0 Radon 2O 9 Hedley 19 6 Riddell 2O 0 Bell's Primrose 18 6 Eden Math . ........... 2l 6 Bell 2l 01 Ships at market ...2; :9 I Sold 123 [ADVERTISEMENT.]-Fifty thousand Cures have been effected by Du Barry's delicious RevalentaArabica Food, without medicine, inconvenience, or expense (as it s ave° fifty times its cost in other remedies).--" Twenty-fiveYe arm nervousness, constipation, indigestion, and debility, from which I had suffered great misery, and which no medi cine could remove or relieve, have been effectually, cured by Du Barry's Food in a very short time. W. R. Reeves, Pool Anthony, Tiverton." " Eight years' dys pepsia, nervousness, debility, with cramps, spasms, and nausea, for which my servant had consulted the advice of many, have been effectually removed by Du Barry's delicious food in a very short time. I shall be happy to answer any inquiries. Rev. John W. Flavel, Rid lington Rectory, Norfolk." " Three years' excessive nervousness, with pains in my neck and left arm, and general debility, which rendered my life very miserable, has been radically removed by Du Barry's excellent food. Alexs. Stuart, Archdeacon of Ross, Skibbereen." —" Fifty years' indescribable agony from dyspepsia, nervousness, asthma, cough, constipation, flatulency, spasms, sickness at the stomach, and vomitings, has been removed by Du Barry's excellent food. Maria Jolly, Wortham Ling, ne•ar Diss, Norfolk."—Copies of testi monials of 50,000 cures (including those of Lord Stuart de Decies, Major-General Thomas King , Dre, Tire, Shorland, and Harvey (gratis). In canisters, with full instructions, 11b., 2s. 9d. ; 21b., 48. 6d. •, 51b., 118. ; 121 b., 225. ; super-refined, 51b., 225. ; 101 b., 335. The 101 b. and 121 b. carriage free. Barry Du Barry and Co., 77, Regent-street, Lomion ; also, Fortnum, Mason, and co., purveyors to her Majesty, Piccadilly. 'lSe-4N- is , :, r ` ~',