The Sun. — London, England, 1853-07-29 00:00:00

I 16.2"n 0 early ;, at for e %Geed" ones. of the 0+ ;toned r the ;tr 0(0 1 , n rhos ed ta t ! ace , 1 ?" P 1 N o ,fe e. • sto( stae 3 ClUi ),a ;lied by to h e ve 3elvei ing , t° aerso r 124 Lway bY Gupil 2, e t stroi 01 s ee o to na lonf :e .sha t a rya tha .e b o tg ' r s fol• 3 ; i COI% Ear a f,l• pert 1 ') e m n al e, 0 Ens press isji bi tlhe r ; atop 0 rlow) , oldg ; os tx 2 ' bs.).. ;t 7lb 1 ,ger g all , r) D) t - ly 'lb 4 ; man) extra) e rlow) smcgto l4 for tw o T.Y•C' leton, eman) utler). eman) snec i e by icted ; th e tikes, and ibs.) (bred good) k.cd ove r ' Stag ° L . DaY 1 tofu , / 0 ' Sutler) 0 . Dg ) Is. • co" m i ., 00 rma°l 1 e °Map( 3 i.lvvart) arlow) vr-olds r s e xtra. back 1 ;st 71b DaY) ') 9 ogerb n ham) ° s rman), 5 ,traan) ►0 solo', gles) Bett) Ticton , ;. F a ith, .argaret, 6 to byant e° 3 Blame • fillies► r ' es that T.Y.°' 1 nan) Tian) :2' bay) rile) 4 n rider°. , ner) 1 41b ttle) fl 'arts) augho co lts, ions or 1 lain) g per) A b Goou' Au to' Lt ginß rtifib :,bition GOODWOOD RACES. (THIS DAY.) (BY ELECTRIC TELEGRAPH.) CHESTERFIELD CU?. Nabob ...... Cat apaw ... Twelve ran. NASSAU STASES. IClriZtrainir ... e ............... Seven ran. STAKES. NURSERY ........ Vi xen .• • .. ''''''''''''''''''''''''''''' Lad y Bird Twenty ran. Torm ent . QUEEN'Ss PLATE.IIex_ ................................... ...... Pour ran. Won by half a length kOINEY AND COMMERCIAL INTELLIGENCE. CITY, TWO O'CLOCK, ISIS DAY. The S ales of cotton at Liverpool yesterday were lititnated at 12,000 bales, of which 2,000 Ameri biLaild 1,000 B raz il were t a k en for export and t,'„,""u Anierican on speculation. The market was e, but firm.. The sales comprised 9,000 Ame -41;3,500 Per nam an d Marauham at 6kd. to 12 ( 1°,, 0 9 Bahia 6id., 600 E g yptian at 6d. to 11d., 111 - 7, 311 ra t, at 34d. to 4id., and Sea Island at •to 2s. 6d. per lb. Railway Shares were - 4taer. T he k reduce markets have been rather brisk this but the supply being adequate prices have atelProved generally. Sugar has been firmer, Ik Pl antation Ceylon coffee in more request. e err goods have b een w anted both for consumption the' L a nd shipment to foreign markets. In cotton l e ki e 'las been a slight advance. Jute has been tel e. a t extreme rates. Rum has had a ready taii. Rice has i m p rove d 3d. to 6d. per cwt., and and Tet e r e has been wanted. Tallow has been quiet, h tt lor tea th e i mpor t ers are as ki ng ra th er higher Vince the news of the partition of China. the oh 'raffle returns of the 65 principal railways in Ilaelt,eci Kingdom and France are, for the first the Th , °ll4 .ja year particularly encouraging, because po rf -4 eage has in most instances not been pro het-kniably increased with the receipts. How great ,eatter may be the effect of a further and . even Pro gi v, P ia ara tively slight improvement in the earnings, xie,„L'ecl the disbursements are kept down, it is un hie;'arY to remark. The Aberdeen Railway has t x , ear se^:l te its takings about 3,0001., the Bristol and and r ,000/., the Caledonian 33,001., the Chester s,ooo}lelyhead 24.0001., the Dublin and Drogheda 044, 1 4 , the East' Anglian 3,0001., the Eastern aVi t ,, -4 e B ) with an additionaL six miles open, Q„,_ 2 /. the Edinburgh and Glasgow 9,0001., the Northern 87,0001., with 60 miles more open, tio Great Western 57,0001., with 42 miles addi -26n the Brighton 29,0001., the South-Western 42' (1 ,7 4 ., with seven miles more ; the Midland )1 4 ', 1 ,"`"A• 2 the Northern of France, with 77 miles ltith -e ', 9 ; 3 ,000/. ,• the London and North-Western, , 43 miles additional, 99,0001. ; the Paris and tli A -er t, 1 8,0001., the Rouen and Havro 10,0001., 3g nth-Eastern 39,000/., the South Wales of'F°/•, with an additional 31 miles ; the Western 11 e1 .2 4 !ce 18,0001., and the York, Newcastle, and and othr amalgamated lines, with 32 , t e i ! more open, 49,0001. °el he Windermere from Geelong, brings dates of 04 1 March 23, from Geelong, but has 9,000 l ee s of gold on board. th„'good deal of discussion has been indulged in Stockth e , Ex c h ange c i rc l es as t o th e course w hi c h of Chancellor of the Exchequer is pursuing in kre'aoe to the conversion of South Sea Stock, h the means of paying off dissentients. The li h, Ol e affair is simple enough in itself, although o c u o g n_ tti°llded a little in technical language . The b..lition of the South . Sea Company such that t ratees had no voice in the acceptance or rejec 144)tift the . Chancellor's offer, and now the Money in such an altered position that some ad tlijleneal is i wer is necessary to enable Government, .." 4 en the time of payment arrives, to offer a more "‘titifactory alternative than Consols or 2i per fiats. With this view, therefore, the 31 Cents., which are guaranteed 3 per cent. for p;:, 11 t3 , years, may probably be offered, but all de ads on the value of money at the time. 1)/ 1 ,'„▪ '' the meeting of the East India House pro att;,o777' this morning, there was not a sufficient %.% a we-legally to vote a resolution, but it was t'4tlZthat no further opposition should be offered '} G overnment bill. vallY '. ll 4tralian Direct Steam Navigation Com- Panama has placed its prospectus before 4 having obtained a charter. The capital °I th e b at a million sterling, and the advantages I'litteeatama route, have been too generally ad egardi, '° require enforcement at this day. As Ars e the parties who are to control the enter the pes ecially the marine superintendents, avoid $Qr a ' fair guarantee to the public for the 4. `aki , ie e of the errors committed in other under ,.‘441,11,132 and presuming thc. requisite capital is ob 4ttle-',;(2' give the enterprise a good start, there is n ade „ `; . oubt, under efficient management, of a ieturn. the q e ,„ . u.'„llglish Stocks have been very heavy, and bl e wle in prices which occurred yesterday has ll'etlth e4 recovered. The unsettled state of the 'ateli er, and the absence of any definite political ~ere,- 6, e n oe, quite as much as the proposed con ,ustiti;',, Of South Sea Stock into New 3f per 4 av, -- I ,(lave indisposed buyers to operate. Consols Ac t( ;„een 98k tog for Transfer, and 98k to # for 't• The New 31 per Cents. have been 1011 an d,_ the 3 per Cents. 98i to 99k. Exchequer !'1:14 India been at 4s. discount to ls. premium, be en Bonds at 21s. premium. There have transactions in Bank Stock. the stocks have been exceedingly quiet, and - ";: s ement of the account has excited no inte t ~,rortuguese 4 per Cents. are firm, at 43 to at Gt ° re Spanish Committee's Certificate has been Peruvian Bonds are at 83i to 8 4 . Bra oli-,11 Id Stock has been marked 1011 #. Dutch Per Cents. are worth 98g. 4 t Cg li sh Railway Shares have been much quieter, a' l o ' v e l' rates. The French and Belgian lines have t i e d ee ded• co GO Mine Shares have been nominal, and Land 15 4 - 4 . 1) 1 44 tes heavy. Banks are steady, and the Co have risen 1/. BRITISH FUNDS THIS DAY. (From the Official List.) done. 3 t De Business IDer F,' l lt• Reduced Annuities . 99 i 84 of 'lo w R ', l lt• Consols Annuities 984 g i I ~ ,, -A 4 Per Cent. Annuities lOl i ../ g I.„klia,l4uities Expire sth Jan., 1860 ‘ll - ' ° : - Ide, ZlOOO ..... ~.:.. ..... ....... E t tif) ,'°r Account 11th August 9Bs 4 i ti ooo e cluer 8i11...„ id. 1 p 4 d par 1.4.0 0 1 p 4 d par ...... 40 ali h it ............................... l azil iati e l4 E OF FOREIGN FUN▪ D 5..... ........... DAY. i2 1.1.1).tt0 New 5 per Cent .......... 09t x d -r e ' .LNew, 1852,' 4]. per Cent .. . Ate Bonds, Ex. Dec.,849, Coupon 2 - t ti ea ,„ 8, e, eri t; ': ° Per Cent. ........ ..... Nl,' 'll Per 4 per Ceuta.'...▪ ........ 4. 8 1 32 31 Ittultsrflese Bonds, 4per Cent. • ___ Ditt o Bo nds, 5 per Cent. .................. 102 i I: ) . 0 4). per Ra w ~..2 Cent. nu u ennnittee Cert. of Coup. not fun. 64 . 14 at , Dividends on the above payable in Londo n. i en . t ' U itt o lella nge 2A per Cent. 4 per Cent:Certificates x. t 98g 8 1 THREE O'CLOCK. 98 I Consol s Ditto August Account L LOYD'S SHIPPING.-(T.HIS DAY.) atio. ljgb,111)01,T, July 29.—Wind this day at Noon, S.W. to W. ; i\''''Jleasant breeze, and fine weather. N"-;44L :r s 29 (9 20 a.m.)—Winel, N., light_an . d fine. ~„,e-Challenger; from London, for Cardiff , Kate for - "% 1 1, from London, for Cardiff ; Taviera, London, ttilboa ; William B;ennham, London, for Quebec r ; ueat,er Watch Lo lon for Denia ; Alfred, London, _ o Silt°,4g Con' d , P ' ( St.' John's, for London ; Sappho, ta b :tu, B for Triest e • Agnes, Oporto, for London ; Sul- Y ork es fo e r ' Antwerp ; Rose of Sunderland, for e-Z,e1.1). Sailed —The whole of the outward bound. Tl' - "ES, July 2 8.—Wind, S.W. Arrived—Concord, 'inidad de Cuba ; E. E. Barney, Charleston. It. A "TSIIOUTH, July 28.—Wind, W. Arrived—St. H.M.'s Norfolk, U.S. ; do., the Gefion, do.: - York ill . ca n , Quebec ; Margaret Evans, London, , Athenian, Southampton, for N. S. Wales. for Sailed -;ll_angothland, St. Andrew's, N.B. 1115.Lysiourx, July 28.—Wind, S.W. Off Port—Winder it!'le, Geelong. Sailed —Countess of Yarborough, Austra ; Amsterdam (s), Rio Janeiro; John, Quebec; Princess ( lal, t,td4,llan9 (4 a.m.)—Arrived Queen of the South, Cal a Cope of Good Hope—left June 21. ALMOUTII, Jul 28 —Wind, W.S.'W. Sailed—Bur 'lNton, Cal * Calcutta. ra:'" E RPooL, J u ly 29 (10 .30 a.m.)—Wind, S.W., mode t,O, lel with slight showers. Arrived—Caroline Reed, from Phia ; - Vesta, New York ; Helen, Quebec; Ales -1;11,!.?dro, Ibrailo. ; Forest Queen, St. John's, N.B. ; Mary r4hbeth, Ricbibucto ; Hendrika. Christina, St. Peters (-)rl,,g ; J e'anY Maria, Odeuss. Sailed—Granada, for Now j a ; 4ll, ; Dauntless, St. Petersburgh ; Emily, Africa ; Off e ' S : 111- Yrna Joven Barcelona ; Tyro, Lisbon. Port —George, from Repulse Bay ; Ariadne barque, "d- Dumbarton Youth st. PIa:ETWOOD July 23. Arrived—Richibucto, Quebec. t/tisrroL, July 28.—Wind N.W. Arrived—Ferosica, 11.e.h.bee. Sailed—Eliza, Melbourne ; Fry, Quebec ; John gym, do, ; Commerce, do. Ir. I Paid it. 100 :0 Si 14 I all a I 28 r7al all n 18i ,t. 100 it. 100 i 0 all i 0 all ',O all 15' I all 5 all P,5 all L 8 all V) all ro all 25 Si 25 all St. 100 50 all St. 100 10 1i St. 100 St. 1100 St. 1100 St. 100 St. 100 St. 100 St. 100 12 11 50 all 16i 11i St. 100 19} 16 14 114 50 all 20 all 11all 10 . 7 St. 100 St. 100 20 12 10 1 St. 100 50 42 40 34 25 all 25 all St. 100 8 44 St. 100 St. 100 50 474 5 I 17i ;t. 100 6 , 4 17i 0 I all' It. 100 5 all >t. 100 7 A 16 A 11§ , 8 all 8 8 n 17i all A 10 it. 100 it. 100 it. 100 it. 100 it. 100 .0 9 2i all .3 all 2 all 2 6 O all . it. 100 O all 16 5 20 A i 17 20 14 10 21e. 10 1 St. 100 25 20 25 11i St. 100 ;t. 100 it. all it. 100 !,0 5 it. 100 15 all 6i 61 64 all 311 all 5 all 7i 2 6t all 61 all [0 all !O all k. 100 5 1 all %. 1100 M. 1100 >t. 100 611 all >t. 100 .6 6 it. 100 it. 100 it. 100 0 I all it. 100 00 5 1.2 i 1 all 5 1 all .0 all 6 3 • L2l l all I 1.2. 1 all 1.261 10 . 4 14. 'lOO 1 4 t. 100 .6il 5 t. 100 it. 100 . it. 100 it. 100 ?0 all 'it. 100 .5 15 8 all .0 all 10 10 25 all 10 1i .0.6 all !O all 5 3 it. 100 .71 5 :5 10 10 20 20 20 MARKETS.-(TRIS DAY.) BRITISH RAILWAYS. 26i - 27 5i - SF, 9;1 - 104 9 - 7',lj 20 -- 22 3i -- 2} '1 102 - 164 68i -68 ii 22t -22 i 20A -- 211 ii - iiP 8 - 9 3 5 i ---- 44 - 46 iii- 73 - 74 52 - 55 72 - 74 30 . : 7 ;.3. 86A 874 55 5 7 134 - 136 111 113 got — 904 7 7.4 102 105 16 17 P 78 — 178 i 4 44.1 3i 3 d 151 —15 i . 9i lAp 1034 —lG4xd, ,116 1161 -- ZF 896 - 5t 42(t 44 - n - 18 - 20 29 - 29 72 - 721 41 - 43 55 - 57 - P 23t - - 3 8 - 9 52 - 54 :38 -- 2i (11 33 -- 3 , q l' 4 4idl - 93 - 93 61 - 63 59 - 61 69 - 71 11 -ass 18 -- 20 9 -- 94 13 -- 14 3i -- 3id 19 -- 21 72 -- 72i1 36 -- ST 1 1 13 -- 14 25 27 2a 2 14 - • 15 i 4 fit 94 32 10 t! Closing Prices Staines,' done this day. this day. 68.1 i i 78i 56 7 135 721 i i 2 56, 7 534 3 i 61 i 73 2 37 6i RAILWAYS . Aberdeen ........... Ambg. Nottng. Bost & Eastn. Junc Birrang. Wolverh. & Stour Valley Birkenhd. Lanesb. & Cheshire Junct Do. Chesh. & Birk., £5O & £25 Cons Do., £2O Bristol & Exeter Caledonian. Chester & Holyhead Cork and Bandon Cork, Black. & Pass Dublin&BelfaetJuuc Dundee Perth &Aber deen Junction Do. New East Anglian (£25 L. & E. & L. & D.)..... Do., (£lB E. & H.).. Eastern Counties..... Eastern Union, Class A. late E. U. 5h.... Do., do.. Do., D. & C........... East Lancashire ...... East & West Ind. Dk. & Binning. June Edinburgh & Glasgow Edinb. and Peebles Edinb. Prth. &D nude, Glasgow & S. Western Great Northern Stk Do., A. Stock Do., B. Stock Gt. Sth. &West. (Ire.) Great Western Irlin South-Easters. Lancaster & Carlisle. . Do., Thirds Lancash. &Yorkshire Do., Fifths Do., Wst. Riding Un Leeds Northern Liv. Crsby. &So a tb pt. London & Black wall Lond.Tilb. & Sthend. Loud Bright. dz S. Cst. London & N. Western Do. Fifths Do. ,10/.Sh ..M&B C London & S. Western Do., £50... ..... Do., £40......... ..... . Lndudrry. &Coleraine Lndndrry. & Ennisk. Manch Shef. &Lincln. Do., Man. dz Lin. Un. Do. Biz-ming. & Derby Midland G. West.(lr.) Do. Shares ....,...... Newcastle & Carlisle.. Newmarket............ Do. Bury Extensions Newpt.Aberg.&Htfd Newry & Enniskillen Newry Warrenpoint & Rostrevor Do. , New ..... Northn. Counties Un North British North Devon, No.l 0., No. Dc., A Deferred Do., B Guaranteed North Staffordshire North Western N. & S. Westrn. June Oxford Worcester & Wolverhampton Scottish Central Scottish Midland Shrewsbury & Birmg Do., L. & N. Westn Guaranteed Stock Shrewsby. & Herefd Shrewsby. & Chester (Nor. W: Min.) Do. Halves, do Do. Oswestry Shropshire Union South Devon South Eastern South Wales S. Yorksh. River Dun Do. Stockton & Hartlepl Thames Haven Dock and Railway Vale of Neath Waterfd. dz Kilkenny Waterford&Limen ck West Cornwall Wmbled en &Croydon Woodford York Newctl. &Berw Do. Extensions Do. G.N.E. Purchase 'York & N. Midland 694 7 2A 60 -70 i - 7 l _ A PREFERENCE SHARES. Aberdeen IDo., No. 2, 7 p. C... Bris. dt Ex. 4 p. c. St. Do. 4 p. c. Shares ... Caledonian £lO ...... Chester & Holyhead Guar. 51 per cent... Cork &Bandon 51 p. c. Dundee Perth&Aber deen Junction ....... EastAnglian (£33 Os) 6 per cent...... . Do. (25) 7 per cent Do. (£7l7s) 7 p. et Eastern Counties Ex tension, 5 p. c. No.l Do., No. 2 ..... Do., New 6 p. c. St Eastern Union, Scrip Guar. 6 per cent EastLaneash. 6 p.cts Edinb.Prth. &Dundec 51 per cent Glasgow & S. Western guar. 5 per cent Great Northr sp. c Do. 5 p. c. , Redeem. , at 10 p. c. pram Gt. Southn. &Westn (Ireland) Eighths Gt. Westu. (Berke & Hants Ex. 5 p. c.) G. West. fixed 41 p c Lan. & York. F. £2O, Do., 6 p. c., Stock Loudon and Brighton Guaranteed 5 p. Do. Pref., 5 p. c. St. Do. Convertible, sp. Do. New Guar. 6 p. e, London & S.Western, Con. Thirds 'Londonderry& Coler. 1 Shares . Londy. & Ennis 6 Sh Ma,nch.,Shef., & Shares, No. 1...... Do. Now, £10......... Do., £6 IMarypt. &Carl. 4 p. c. Do. 41 per c0nt....... Do . - I Mid.Consol. 6 p. c. St. Do. Consol. Bristol & Birm. 6 per cent.... Do. Pref. 4 per cent. Norfolk Extension... Do. Pref. 2"), per ct... 1 Do. Way. Val. 5 p e North British North Staffordshire Oxford Worcester & Wolverh. £15,6p. c. Do Shrews& Birm. N. G Shrewsby. & Chester (Nor. W.111.in),8 p. c. Do. 5 per cent South Devon Do. New S. Easters (Reading Ann.,) of £l. 05. 1 3 d. S. York sh.4p.c. Guar. Waterfd. &Kilk. 6p. c. York Newcastle and. Berwick,4 p.c.Pref.' Do York& N.Midlaud H. Zz S. Purch FORE: Antwerp&Rotterdara Belgian Eastu. June. Beziers to Graissessac Charleroi & Erquelin. Dijon and Besancon Dutch Rheuish lEast Indian Do. Extension 'Gt. Indian Peninsula j Gd. Junct. of France Gt. Western of Canada Shares ... ........... Lucca & Pistoj a 5 p.c. pref .................. Luxemb0urg........... 'Do. (Railway) ........ Do. Do. (Canal) Do. 6 p. et. pref Lyons & Mediterran Madras Namur & Liege (with 91 90i i pm 78i i 104 4 116 i i ll interest) Do. (ex interest) ,Northern of France 'Do. 201. 3 p. c Bds (fmy. . B. & Anis. Shs.) I NorwegianTrunkTref 'Paris and Lyons 'Paris and Orleans 'Paris and Rouen (Paris and Strasbourg ParisCaen & Cherbrg ;Quebec & Richmond Rouen and Havre Royal Swedish Sambre and Meuse j Sth-Eastrn. of France southern of France Upper It.dia West Flanders Do. 5 per c. Prof Western of France West. of Switzerland Zealand IMPERIAL PARLIAMENT. HOUSE OF LORDS—(YESTERDAY.) SUCCESSION DUTY BILL. The Earl of ABERDEEN moved the third reading of this bill. The Earl of CLANCARTY said, before this bill was finally disposed of he wished to say a few words. En tertaining as he did a strong objection to its principle, it was with very great disappointment that he observed how precipitately it was being hurried through the house. He did not think the second reading ought to be regarded as an approval of the measure generally ; nor did he consider that even the carrying of the amend ment would have been a condemnation of the principle. His principal objection to the bill was that it was op posed to the fundamental principle that property had its duties as well as its rights. It entirely ignored that principle ; landlords had other expenses to bear besides poor rates, and charges of that kind ; there was the management and improvement of the land with which they had been entrusted by Providence, the employ ment of the population, the improvement of agriculture, the maintenance of hospitals, schools, and so on. This would have the effect of creating encumbered estates ; it would sever that tie between landlord and tenant, which had exercised such a favourable influence on the social condition of the country. What was to be the compensation for such a bill as this ? Relief from the soap duty and the advertisement duty. As regarded the former, he was perfectly satisfied there would not be a single hairy chin the less in consequence of the remis sion of the duty--(laughter)—neither would their lord ships find any reduction of their washing-bills, unless they drove a hard bargain with their laundresses. As to advertisements they were already lost in a labyrinth of announcements about hats, trunks, medicines, &c. He protested against the steps taken by the Govern ment to carry this bill, which he thought affected the privileges of their lordships' house, and calculated to compromise its utility. The bill was then read a third time. On the motion that the bill do pass, Lord St. LEONARDS said that before the bill passed he wished to show, in the shape of amendments, the objections that existed against it, so that hereafter the country would be able to judge between the bill as it stood and the bill as it would be if these amendments were adopted by Parliament. Having once ascertained that the feeling of the house was in favour of the prin ciple of the measure, his sincere wish was to make the bill as good as it could be made. As it - was not his in tention to divide the house, he would not ask the opinion of their lordships on each amendment, but would move them altogether at the close of his obser vations. In the preamble of the bill he proposed to strike out the declaration which declared the permanency of the,measure. In section 2, ho would move a proviso against the retrospective operation of the measure. This addition would not in any degree impair the gene ral operation of the act, but it provided that where a person sold or mortgaged his reversion, or where a person advanced money on its security, it might be 20 years ago, and without any idea that such an act would be passed, such person would be liable to pay 10 per cent. on such by-gone transactions. The next amend ment had reference to the'case of joint lives. The clause having reference to joint tenancy would create great hardship as worded. In the case of two sisters, they paid the duty as the successors of their father, but in the case of the death of one, the other would have to pay the duty, not as the daughter. but as the sister, which was a great hardship. He should therefore pro pose words, the effects of which would be, that the party should only have to pay according to the original crea tion of the gift, that was to say, that she would pay as a daughter and not as a sister. In section 4, page 3, it was provided that where a person had general powers of appointment, he should in that case be himself considered in the same light as the successor. Now, ac cording to the clause, if a tenant for life who had power to leave the property after his death, and who might please to exercise that power, and leave the property to some stranger, he would be obliged to pay a double suc cession duty. What he proposed in lieu of these words was that where any such persons should already be charged with the duty, no further duty should be pay able by him on succeeding as tenant for life to the same property. The next amendment was in section 9, page 4, which placed the duties under the care of the com missioners of inland duty. The end of the clause de clared that " they shall have all other powers and au thorities requisite for carrying this act into execution." No man ever saw such words as these in S,n act of Par liament before. He therefore proposed to leave out these words. The next amendment had reference to section 10, page 5, which declared what rate of dutywas to be paid by different classes. This bill was founded on the legacy duty, but every legacy from 1797 to the present time declared that no duty was to be paid in ' the case of property passing from the husband to the wife, or from the wife to the husband, or in the case of property left to the Royal Family. This clause was omitted from the present bill, and he proposed to restore it. At the end of the same section, 10, which provided that " where the successor shall be in any other degree of collateral consanguinity to the predecessor than those before described, or shall be a stranger in blood to him, a duty of 10 per cent. upon the value should be levied." He thought it a great hardship that where a man was a stranger, and had property given him for life on which he paid 10 per cent. duty as a stranger, that his children should also pay the same amount. What he proposed, therefore, was that in such easethe children should only pay as if they were the children of the predecessor (Hear.) He also proposed another addition to the same section 10 of this nature :—Suppose a man made a marriage settlement—say of ten thousand pounds—on his daughter—that was to say on the husband, for life, on the daughter for life in case the husband died, and then on the children. That man might see in his life time the husband die before him, and on the property going over to the daughter that man would see the legacy duty paid during his own lifetime on the property from which he excluded himself in favour of his own child. The right hon. gentleman the Chancellor of the Exche quer said he was wrong in that view, but he (Lord St. Leonards) believed he was right, according to the con struction of sections 2 and 18, and he therefore proposed no succession duty should be payable in such a case as that adduced during the lifetime of the settlor. In section 11, which provided that brothers-in-law and sisters-in law should be put in the same position as brothers and sisters, the clause as it stood would not meet ninety-nine cases in a hundred of those which it was intended to em brace. He, therefore, proposed to add words at the end of the section which would carry out what seemed to be the object of its framers. In section 14, page 6, he pro posed to omit the words which declared that in the case of transmitted successions the highest duty which would have been paid by any one of them should be paid. This appeared to him the most unjust clause he ever saw. Supposing the case of three persons becoming successors —the first of them a stranger, the second a son, and the third a grandson—why should the latter, if he came into possession, pay the highest duty ? The next amendment was in section 21, which was a clause he could not well understand. In the end of that clause it was provided that if the successor should die before the instalments were paid, then any instalments not due at his decease should cease to be payable, except in the case of a succes sor who should be competent to dispose by will of a con tinuing interest in such property, in which case the in stalments unpaid should be a continuing charge on such interest. He apprehended, therefore, that in the case of children they would be compelled to pay the instalments contrary the intentions of the framers of the bill. He proposed, therefore, to leave out the end of the clause, after the words "except in the case of a successor com petent to dispose by will," &c. He also proposed to leave out the clause relating to timber, which, if re tained, would require every landlord to keep an account of every tree he sold in the course of the year, and greatly tend to discourage planting in this country. (Hear, hear.) His next amendment referred to section 44, which empowered " trustees, guardians, committees, tutors, &c., to compound or commute any duty, and to retain out of the property subject to such duty the amount thereof, or to raise such amount, and the ex penses incident thereto, at interest on the security of the property." He proposed to omit the words which gave this power, because in his opinion no more dangerous power could be given to trustees than this power of commutation ; that was to say, the paying of the sup posed value of the expectancy before it dropped in. In section 49, relating to the production of documents, he proposed to omit the words, " the title deeds relating to land." A. more dangerous power could not be given to the commissioners. Some of the greatest losses ever heard of in this country had been caused through letting unauthorised persons get hold of title-deeds. . Lord Kenyon once told an attorney who had been summoned to produce title-deeds, and appeared in court with a box containing them to sit down on the box, and not to stir for anybody. (Laughter.) In section 52, he proposed to omit the words " of which he shall not have had notice at the time of the purchase." He had never seen any bill more calculated than this to embarrass the trans fer of property, by making the duties under the act a first charge upon all property. The effect would be to make every man a crown debtor so long as the period for the payment of the duties continued. Nothing could be more dangerous than to transfer this liability to a bona fide purchaser. In section 54, he proposed to add words to make it consistent with the preamble as amended, confining the operation of the act to the 19th of May, 1858. It would then be a very fair subject of consideration (whether the act should be renewed or amended. He would also propose to omit some words in the schedule respecting the mode of valuing long an nuities, which had no meaning as they stood. In con clusion he would remark that the severe liabilities and penalties imposed by this bill on trustees would cause every prudent man to pause before accepting such a trust. Nothing could be more dangerous to a man ; he would become himself a crown debtor ; and if he paid in ignorance, he would have no remedy. His object had been to amend the bill, if it were possible ; but seeing the spirit which prevailed in the house on Monday, he had abstained from taking part in the discussion in com mittee, and he now only proposed his amendments that the public might see the grounds on which the opposi tion had acted. Lord BEAUMONT said he cordially approved of one of the amendments—that which made the settlor the predecessor in all cases, and not the party immediately before in possession. Were the bill otherwise, it would be a tax not merely on succession, but on settlement generally. Were this amendment adopted, there would be no ground for charging the bill with a retrospective operation, as it would merely tax existing settlements after they became the subj e cts of succession. The pro vision as it stood had been justified by reference to as analagous provision in the legacy acts ; but the cases were not at all parallel, as money left in trust, and pass ing from one person to another , only payl the legacy THE SUN, LONDON, FAIDAY - rEVENING, J ULY 29, 1853. - 96 - 92 - - 105 lii -- 1081 19i .- 20i #-- id 6k 4 - 441 5 . -- ..4 - - 2i p -2 p 14 - 15 i 20 , 1 -21 i i ii ::: lio 1112 - 114 N - 6 103 101 * d ,149 - 151 Ithi, ---- 165 3i - 4 10 - 11 13 - 14 st 8i 10i - 11 i - 6 ] 1149 - 151 - 114 - Dix 116 - 118 1 16' -- lie 15 14i 21 -- 2i 10i -10 i 17A -- 18 P 144 -15 i; par -- Pi 26 264 1 194 204 id 103 - 105 5i - 5g 129] 1149 3 / 4 5i I 119 Par 131 IIGN. - id 1 1i 1 Ad - mz I 2 1 dp 5 shp l a I g p 2ip 2 id 17i f id 7 7i 4 4 1 1 1 4 d 2 —2! I) 1; -- 2 AP 7i English .. Irish •• .• Foreign .. Wheat. 1,850 MINES. 22,130 1 14,910 __ __ TOTAL SUPPLY. - 35. 14 - 146 8 - 96 17i - 176 14 _4 43 -45 37i -37 i 48 -- - 56 9 - 9 7i I Oi 8/ 35a 91 i I P 4i 44 dis H pm 3 -- 2 1 all Agua Fria .... 13 lip 10s. all Anglo Californian — G p 10 2 Australasian 20 5 Australian 23 -- 3 1 all Australian Cordillera a -3 d 1 all Australian Freehold. d 1 all Ave Maria — d 1 all Baden (Gd. Duchy of) d p 1 all British Austrin. Gold d 20 13.5 British Iron.. 7 35 243 Brazdianlmp.(issued at £5 pm 3 3i 3i 30 all Do. Cocaes & Cuiada 3 34 20 15 Do. St. John Del Rey 32 —34 1 A Carsons's Creek 3 40 all Cobre Copper 473 483 5 1 Colonial Gold 1 —l4 p 14 Copiapo lO3 113 St. all Copper Min. of Eng 65 75 25 all Do. Pref. 73 p. cent 73 5 all English and Austin Copper Smeltg. Co 2 —ll d 20 all General l4 —l6 2 all Great Nugget Vein — 1 p 3 all Great Polgooth ll 1 all Lake Bathurst — d 1 all Liberty id -- IP 1 all Lond.&Californ.Gold Quartz Crush. Co 3 - 1 all . Mariquita .. . ... d— par 10 9 Mexicau&S.A.mericn. 61 74 1 all New Granada par— 4 p 1 all Nouveau Monde lfi 5 1 Port Philip 1 all Quartz Rock 3 d 3 p 1 50 all Rhymney Iron 23 —25 15 Do. New 63 73 30 101 Santiago de Cuba 4 5 1 all South Australian 4 d par 10 7 Tin Croft 283 all United Mexican 3l 44 1 all Waller g - A d 1 all West Granada g - d 1 all West Mariposa i d 1 all Yuba a d JOINT-STOCK BANKS. 40 all Australasia B2 —B3 813 21 40 all British Colonial Bank ... and Loan Company 50 all British N. American ... 20 2 Chrtd. Bnk.of India, Austral., and China 1 14 25 5 Chrtd. link. of Asia. 3d par 34 100 25 Colonial 100 20 Commercial of Loud — 20 10 English Scottish and Australian Chrtd a p 20 123 London Chrtd. Bnk of Australia -33 p 18 50 20 London and County ... 50 10 Loudon Joint Stock — ... 26 100 20 Lond.andWestminst — 100 35 National Provincial of England 20 10 Do. New 50 223 National of Ireland ... 25 all Oriental Bank Cor poration 483 —49 A, 49? 9 100 25 Provincial of Ireland ... - ... 10 . all Do. New 5 1 Royal Australn. Bkg. and Gold Imp. Co 3 d— par 25 25 South Australia 45 47 25 all Union of Australia 74 75xd 75 41 ad 2A Do. New Bl 8 84 50 10 Union of London 193 40 all Union of Madrid MARKET NEWS-(THIS DAY.) CORN EXCHANGE. The quantity of English wheat received up to our market this week, coastwise, has been somewhat on the increase. Fresh up, to day, the receipts of that grain were very moderate ; hence, the show of samples was by no means extensive. For all kinds we had a very inactive demand, and Monday's improvement in the quotations was barely supported. The imports of foreign wheat have exceeded 22,000 quarters, chiefly from the westward. Good red Baltic parcels sold at full prices. In other kinds only a limited business was doing. There was a moderate inquiry for floating cargoes of wheat and beans, at previous rates. _ . . No English barley - was brought forward, but the supply of foreign was large. The trade ruled dull, and prices had a downward tendency. Malt was in fair average supply, and moderate inquiry, at late rates. The show of oats being on the increase, the oat trade was dull, and prices gave way from 6d. to ls. per quarter. Beans, peas, and flour, sold at last week's currency. ARRIVALS TIIIS WEEK. Barley. I Malt. I Oats. Flour. 2,810 4,680 560 2,770 16,620 4,010 sks 8,800 brl SMITHFIELD. The supply of beasts in to-day's market was seasonably good as to number, but very deficient in quality. All breeds moved off slowly, at Monday's decline in the quota tions. Prime Down sheep were scarce, and quite as dear ; otherwise, the mutton trade was in a sluggish state, at barely stationary prices. We had a dull sale for lambs— the supply of which was rather extensive—at a further de cline in the currencies of 2d per 81bs. Calves moved off heavily, and, in some instances, prices had a downward tendency. In pigs, very little business was transacted. Mulch cows were heavy, at from 15/. to 191. each, in cluding their small calf. Per Sibs to sink the offais. . 41 s. d. s. d. s. d. s. d. Inferior Beasts.... 3 2to 3 6 r:me Southdown 410 5 0 Second quality.... 3 8 310 rge crse. calves 3 6 4 2 Prime large oxen 4 0 4 2 rime small d 0... 4 4 410 Prime Scots, &c. 4 4 4 ' mer g e hogs 3 0 3 6 Inferior Sheep ...3 4 3 8 "mall porkers 3 8 4 0 Second quality ...3 10 4 Suckling calves ..20 0 26 0 Prime crse.-wlled.4 6 4 Quarter old pigs 20 0 25 0 Lambs 4s lad to 5s 10a: FOREIGN SUPPLY. Beasts .......... Sheep and Lambs 13,0e0 Sheep ....................2,910 Calves Pigs •• •••• •••• •• •• —•• •• 450 Pigs.••• •••• •••••••• —•• •• --- NEWOATE AND LEADENHALL. Each kind of meat moved off slowly, at barely station ary prices. Per 81bs by the carcase. s. d. s. d. s. d. s. d. Beef, inferior 210 3 2 Mutton, Inferior 3 2 3 6 Do., middling 3 4 3 6 Do., middling 3 8 4 4 Do., prime large .3 8 3 10 Do., prime 4 6 4 10 Do., do. small —.4 0 4 2 i Veal 3 8 4 8 Pork, large 3 0 3 6 Pork, small 3 8 4 2 Lambs 4s 6d to 5s 10d. BOROUGH HOP. The accounts from the plantations are by no means favourable, yet the inquiry for all kinds of hops is very inactive, at last week's prices. The duty is called 140,0001. Mid and East Kent pockets, 130 s to 180 s ; Weald of Kent ditto, 128 s to 145 s ; and Sussex ditto, 115 s to 130 s per cwt. COLONIAL. SUGAR.—There has been a moderate demand for British plantation, and prices have been supported. Publicly Barbadoes went, however, for some descriptions at a slight decline ; mid to fine realising 34s to 37s Gd. East India— Mauritius has been steady at full rates, good and fine yellow realising 35s Gd and 37s Gd, low and mid 33s to 34s 6d, and mid to fine brown 31s to 32s Gd. Bengal sold at 35s to 36s Gd for low to good white, 38s Gd to 39s 6d for good and fine white of clean quality, 38s to 38s 6d for low damp white, and 35s 6d to 38s 6d for mid yellow to low white. Madras brought 34s to 39s for low mid to good damaged. Foreign— Publicly, yellow Havannah has been sold at 35s Gd to 38s for low to good pale yellow. Porto Rico went at 41s to 41s Gd for fine, and at 34s Gd to 398 for low to good. Paraiba was taken in at 33s Gd for low brown. Cuba brought 31s to 34s for the same descriptions. Refined is firm at 468 to 48s for grocery lumps. COFFEE.—Plantation Ceylon has been in good request, at full prices. Mid and good coloury bold was last sold at 58s to 655, low mid at 56s to 57s 6d, fine and fine ord coloury at 54s to 565, peaberry at 69s to 70s, and triage at 38s to 51s 6d. Native has been held at 45s 6d to 475, according to quality. Mocha was taken in at 675. Ja maica brought 53s to 53s 6d for low mid, 45s to 46s for triage, and 36s for blacks. COCOA.—Grenada sold at 29s for grey, to 31s for good red. RlCE.—Thero has been an improvement this week of 3d to 6d per lb., Bengal having been sold at 12s for good, and Madras at lOs to 103 6d for mid and good. SPlCES.—Pepper has been at full rates ; mid and good Batavia, 3id to 4d per lb. ; Penang, fine, 4id to 4/d ; sound brown, 35d. Fair Singapore was taken in at 4d. Penang mace sold at 3s 2d for good. Nutmegs brought is 10d to 2s 9d for small to fair bold brown. Rum.—There has been a good demand. COTTON.—The market has been firm. SALTPETRE.—There have been free buyers at former rates. Bengal has been sold at 25s 6d to 26s 6d for 7 per cent. refraction, low mid. quality. TEA.—The holders asked rather higher rates, but there is not much doing. TALLOW.—P.Y.C. is quiet at 51s Gd per cwt. on the spot. GREEN FRUIT.—The cold and wet weather has had its effect upon the markets, some parcels of lemons per steamer from Lisbon, sold by Keeling and Hunt, went at a reduction of 2s to 3s per chest. Barcelona nuts have further advanced 28 per bag. The sale of pine apples con tinues good. Cont.—The market continues very firm at full prices of last month. The public sales have offered 4,000 pieces Ceylon junk, which were taken in at 121., but 3,012 pieces good Cochin sold at 191. 108 to 191. 15s. 343 coils Bombay rope, 3to 3i inch fetched 201. About 100 tons yarn have also been offered, which sold readily at high rates. Ceylon, fine small bright 421. 15s to 451., very common course to fair small 171. to 231. 10s, and middlingfair Cochin 271.105. 7 tons fibre realised 181. 15s to 201. 15s per ton. IVORY.—The public sales have again offered about 25 tons of various descriptions ; good and fine teeth, as well as ball pieces, sold well at extreme rates, whilst the defec tive and cracked teeth, of which the greater portion of the above consisted, went off flatly at a decline of 10s to 20s per ewt. East India average 5S to 84 lbs, 351. 15s ; cracked and defective 52 to 94 lbs, 281. to 371. ; ball pieces, 10A to 15 lbs, 281. to 291. Cut hollows, Gi to 12 lbs, 211. 5s to 271., and cut solid points, 1)1, to 44 inch, 191. to 241. 10s per cwt. About 1 ton sea horse also were sold, good sound 31 to 4i lbs, Os 3d to Os 3d, and defective 2i to 5i lbs, 2s 8n to lls 9d per lb. STOPPAGE OF THE GREAT CLOCK AT ST. PAUL'S CATHEDRAL — Yesterday afternoon the great clock at St. Paul's Cathedral came to a dead standstill, at forty minutes past three o'clock in the afternoon. During the day the clock was " too fast," showing, at 2.30 p.n. by Greenwich mean time, that the works were out of order, as at that hour the hands indicated the time to be ten minutes before four o'clock. It is generally supposed that the awful flashes of lightning in the earlier part of the morning had the injurious effect of stopping the cathedral dock. duty once. The imposition of the succession duty in the case referred to involved an entirely new principle. The LORD CHANCELLOR — It is exactly the same as it is under the legacy duty. Lord BEAUMONT doubted this ; but there was one advantage iu the clause—it cut both ways ; a man suc ceeding his brother in property left by their father would only pay duty as a son. Still, as it was contrary to the principle of the bill, and had a retrospective operation, he thought it would have been better in all cases to regulate the duty by the relationship of the immediate predecessor. It would also have had the effect of obvi ating the necessity of looking into deeds. No evil could result from the adoption of the amendment, except some little delay in the passing of the bill. He entertained some other objections to the measure, but did not think them of sufficient weight to dwell upon. He was glad to see real and personal property placed on the same footing in reference to succession ; but he should have preferred a much more sweeping measure. He would have repealed the present legacy duties, done away with the graduated scale, and have made all property pay alike-2 or 21 per cent. on succession. Where a stranger succeeded to property, and had to pay 10 per cent., the burden was most grievous, and he probably might be less prepared to meet it than a son succeeding to his father. Lord BERNERS referred to the evidence given before their lordships' committee on the burdens on land, and contended that real property was already unjustly bur dened. He instanced the stamp duties and the land tax; the latter of which was most unequal in different parts of the country. Originally, by the statute of Wil liam and Mary, it was 4s. in the pound on all land ; in those cases where it had not been redeemed, the burden was now very unequal. The noble lord enumerated some other "special burdens" on land, which by a pecu liar mode of calculation he made to amount to 19 mil lions sterling per annum. Earl GRANVILLE said the subject of burdens on land was too large a question to be discussed on that occasion. It had been assumed all along by the opposi tion that this bill would impose as large a duty on land as on personalty ; but it appeared that the amount de rived from land would only be about 50 per cent, of that from personal property. He did not think that the pro posal of Lord Beaumont for a uniform rate of 2 per cent. would be very favourably received by those who com plained of the special burdens on land. It was a fair estimate that two-thirds of the lanled property would only pay 1 per cent, under this bill. On the other points the noble lord had answered his own objections. (Hear.) In framing a measure of this kind it was necessary to adopt one of two principles—either to make each suc cessor pay according to the relationship of his immediate predecessor, or of the person from whom he derived the property by deed. Whatever may be the merits of the two principles, it was certain that more money would have been derived had the Government adopted the for mer one ; and though the principle adhered to in the bill might in one or two cases act hardly upon indivi duals, it was most favourable to the great majority of persons possessing land. Instead of paying 2 per cent. as succeeding to one another, brothers would only pay 1 per cent, as deriving from their father ; and that was an immense advantage to the landed interest. (Hear.) Whatever hardships might occur under this bill, the same existed, but to ,a much more severe extent, under the Legacy Duty Acts. The Earl of WICKLOW said it was quite clear that the object of the noble lord opposite had been to defeat the bill altogether, or many of these amendments would have been proposed in committee at the proper time. He admitted that this was a most complicated measure, full of contradictory and oppressive provisions, and he was satisfied that in a subsequent session a bill would have to be brought in to remove its defects and render it more palatable to the community. The Marquis of SALISBURY denied that the object of the opponents of the measure had been to defeat it. All that they wanted was to remove many of its glaring inconsistencies, and their lordships were decidedly to blame for not entertaining many of the reasonable amend ments that had been proposed to them. The bill was then passed. BILLS ADVANCED A STAGE. The Registrar of Meetings Bill and the Stamp Duties Bill were read a second time, and ordered to be com mitted. The Spitalfields and Shoreditch Improvement Bill and the Missionary Bishops Bill were read a third time, and passed. The Parish Vestries (No. 2) Bill, the Entails (Scot land) Bill, the Custom Duties Bill, and the Dublin Par liamentary Registration Bill, were passed through com mittee. ECCLESIASTICAL COMMISSION.—EPISCOPAL INCOMES. The Bishop of SALISBURY said he rose to move for certain papers relative to his see, and in so doing to make a short statement which it was painful to hira to have to make, as it might appear of purely personal concern. He had hoped that when he had stated some time since that he had accepted a fixed income of 5,0001. a year in place of the episcopal income, which had averaged for seven years previously 6,7091. he had said all that was necessary on the subject. But it appeared that an impression had gone abroad, and had been in dustriously propagated, that he had made a good bar gain with the commissioners, having retained the full income of his see during a series of years when the re ceipts were large, and having relinquished it only when he had forseen that the receipts would necessarily fall off. It was his object to show that this statement was directly contrary to the fact. He had spoken to his right rev. brother (the Bishop of Oxford), and had said to him that he should not have been disposed to make the offer to the commissioners had it not been that for the 14 years that had elapsed since his possession of the see the surplus of its income had been large, and that it was almost sure to be equally large for the time to come— (The Bishop of Oxford—Hear, hear.)—and that, there fore, he was not disposed to subject the Church to the injury she might sustain through the imputation which would be cast upon him if he adopted a different course. He spoke in the presence of the noble earl (Earl of Chichester) who was a member of the commission, and also in the presence of another noble lord who had a seat at the board, and with both of whom he had gone over the figures, and to both of whom he could appeal to con firm his statements. Indeed, he was able to read the following letter he had received from the noble earl : " Whitehall-place, July 26, 1853. "Dear Bishop of Salisbury,—You may probably wish me to state in writing what I said to you in a recent con versation on the subject of your agreement with the eccle siastical commissioners in 1851. " That arrangement was at the time considered by us to be an advantageous one for the common fund, and conse quently could scarcely be, as had been stated, a pecuniary gain to yourself. "An inspection of the septennial returns, and of the state existing leases upon lives, clearly shows that there was reasonable ground for expecting that the seven years commencing with 1851 would yield an aggregate income at the least equal to that of the preceding period. " Indeed, I have no hesitation in saying that you were quite justified in the expectation entertained by you in 1851; that the period then commencing would be more productive than the former one. " It was with those expectations, and on the earliest opportunity which the law afforded, that yon proposed to put yourself under the now act, and to receive a fixed in come of 5,0001. a-year, and no more.' " I am sincerely yours, (Signed) " CHICHESTER." " The Lord Bishop of Salisbury." This letter must be so satisfactory that it would be use less to go into details. (Hear, hear.) The right rev. prelate concluded by moving for the papers he referred to :—" A return of the gross and net amount of the annual income received by the Bishop of Salisbury in respect of his see, for the years 1851 and 1852 ; and of all payments made by him to the ecclesiastical commis sioners, or received from them, during that time ; also a return of all sums received in the way of fines upon renewal of leases for lives during the incumbency of the present bishop, distinguishing the years in which such fines were received ; also a return of the average amount of fines or renewals of leases for lives, from 1837 I to 1850 inclusive ; also a like average from 1844 to 1850 inclusive ; also a return of leases for lives on which lives are now vacant, the age of the lives in such leases respectively, and of the amount of fines received on the last occasion of the renewal of the same ; and also a return of the leases for years of the see of Salisbury, distinguishing the years in which the same will be re newable respectively, and the amount of the fine re ceived on the last occasion when each lease was re newed." The Earl of CHICHESTER said, as a member of the ecclesiastical commission, he had not only no objection to the production of those returns, but should rejoice at their production, being persuaded that they would con vince any fair-minded man that the insinuations thrown out against the right rev, prelate had been unfounded. At the time of the arrangement alluded to he (the Earl of Chichester) had been fully satisfied that it would be for the benefit, not of the.bishop, but of the board; and he was also convinced that the right rev. prelate must have anticipated that such would be the ca se, and that a larger income would be received from the see duTig the present septennial period than the preceding piaerdiaotd. The LORD CHANCELLOR said he felt it thhat the to declare, in justice to the right rev. law on the subject had been very much misunderstood prelate, and misrepresented. It was form erl y proposed that the bishops should take the sees with the optio x n e ofd sum out of paying the ecclesiastical commissioners a certain fi made to operate during the c? h p is r. (t A he u L en or t d o the income of the same. But t l h a t in a c i a ; m an h g e e o m oy en o t f was the second • h bishop ad ne ; p e and we whether rte alt e r it it was en e f w o ti r r h to n n v ig,ieaslsyb accepted.en efit or not, h Whate impressed this fact the more s the see of Ely, whichyear for appointmentthe first aonnodf Chancellor's) mind was the yielded him nothing , an d which he remonstrated about ' but which he was to ld could not be remedied. He ( t he Lord Chancellor) thought that was a most unsatisfactory footing on which to place the revenue of the hierarchy ; but, on the other hand, he was bound to say that the prelates had no choice in the matter, the ecclesiastical comm i ss i one rs fixing the sum to be paid—ho nes tl y no doubt--and the bishop had nothing to do but to receive the income. Two years since, however, the law had been altered, and things, he was happy to say, were now placed on a better footing. If any facts, however, were fe rm e n r e a c r r e s a s n a g r y e in to e n p t r , o v t h e e t y h w e er u e s a f t u i use r f n a i c a t h o e r d y nature u there oetfatthe. ment of the right rev, prelate. R in l e V sst A hteh T ne E nrob ß see l fo L t The returns were then ordered. state L o Lord BEAUMONTprivate before o L e call S th e attention house. s t e ov Several bu P s bills had reached that house at so late a period that they would be lost if the sessional order, which decreed that no private bill should be read a second time after 12th July, was enforced. Many of those bills were de layed by the regulations respecting railways in the other house, more by the difficulty of obtaining mem bers for select committees, in consequence of the great number of election petitions this session. These were circumstances over which the parties interested in these bills had no control ; and he thought it only reasonable therefore that the present sessional order should be re laxed in their instance. He therefore appealed to the house to afford them the opportunity of being read a second time, as to throw them over to the next session would entail great loss upon the promoters. Lord REDESDALE said he would willingly receive the directions of the house on the subject ; but he re minded their lordships that the maintenance of the ses sional order in question as a general rule was of the greateSt importance to the dispatch of business in Par liament ; inasmuch as agents would, once they knew it was relaxed, abate in their exertions. At the same time he admitted that there were many bills before the house which had been delayed by no fault of the promoters ; but as far as he was concerned he was bound to be ex tremely cautions in recommending bills for relaxation of the sessional order, if he would avoid the imputation of partiality. Some bills he had strongly recommended ; others he would be happy to receive the directions of the house upon. But as regarded railway and other bills of that nature, he should be slow to act unless where it could be shown that extreme diligence had been used by the promoters. The Duke of NEWCASTLE agreed that the sessional order should not be slightly relaxed, but be also be lieved that there were many bills which afforded decided reasons for giving relief to the parties, seeing that they had been delayed by circumstances over which they had no control. With respect to the future he had seen with pain and annoyance his noble friend the chairman of the committee compelled to go about from bench to bench begging to get members for select committees ; it was a position in which his noble friend should not be placed, and which was not honourable to the house. He thought, therefore, that before the clese of the session, or early in the next, those noble, lords who were in the habit of attending committees should meet and discuss the question of attendance, with a view to its better distribution among their lordships. As regarded the subject before the house, he suggested that the standing orders should be generously and liberally interpreted in the case of bills unavoidably delayed, and that the noble lord should be relieved from responsibility in the matter. He proposed, therefore, that those bills should be allowed to proceed against which no broad grounds of objection on the score of delay should be ur g ed. After a few words f rom L or d STANLEY of Alderley, Earl Pow's, and the Earl of Wieinow, Earl WALDEGRAVE wished to ask the noble lord the Secretary for Foreign Affairs the question of which he had given notice—namely, whether the reduction of the naval forces on the African coast was temporary or not ? The Earl of CLARENDON said that the inquiry made by the noble earl was a legitimate one after the information which he had received. If any impression existed abroad that the Government were less anxious than formerly about the suppression of the slave trade, or that the number of the fleet had been reduced, he could only say that he was exceedingly obliged to the noble earl for making the inquiry, because it gave him an opportunity of saying that there was not the least intention on the part of Government to reduce the num ber of the fleet, or to render it less efficient. In con sequence of the notice given by the noble earl, he had had some communication with his right honourable friend at the head of the Admiralty, and he had in formed him that no ships whatever had been withdrawn from the fleet. of Admiral Bruce, except those which re quired repair or were not fit for active service. But since his right hon. friend had been at the head of the Admiralty only one ship of war had been withdrawn from the African coast, and he had commissioned two in their place, and a third, and perhaps a fourth, would be sent out in the course of a week or ten days. He thought, therefore that the noble earl would admit that his right hon. friend was fully alive to the importance of the subject. The noble earl would recollect that his right hon. friend had only a naval peace establishment at his disposal, and if the noble earl would also recollect, the fleet at Spithead—the fleet at the Dardanelles—the forces necessary to guard the fisheries in America— to watch the coast of Cuba and Brazil, and also the ships of war at Rangoon and China—he thought he might appeal to the professional knowledge and ex perience of the noble earl, whether his right hon. friend had not made a judicious distribution of the force at his command for the different emergencies of the service, and for the protection of British interests in every quarter of the world. (Hear.) The Bishop of OXFORD expressed his great satisfac tion at the answer of the noble earl, and was glad, with 'many others, that the work which the country had undertaken to do was being done with the vigour and efficiency which so eminently characterised his right hon. friend at the head of the Board of Admiralty. Their lordships then adjourned. HOUSE OF COMMONS-(YESTERDAY.) The house resumed at 6 o'clock. Mr. V. BROWN put a question to the Secretary to the Treasury with reference to the conveyance of mails be tween Mallow and Killarney, observing that it would be a great convience to have them by the railway, which was now opened. Mr. WILSON said, that previous to the opening of the railway the Post-office authorities had entered into a con tract to have the mails conveyed for one year by cart. When the contract expired the Post-office would, avail itself of the facilities offered by the railway.. Mr. HORSFALL said that there existed some appre- hension that at that period of the session GovernMent would withdraw that excellent measure, the Customs Bill, and he should be glad to hear whether or not they had any such intention ? Mr. WILSON said, that in reference to this very im portant bill, he was glad to have the opportunity of stating that the Government had no intention of withdrawing it, and it was almost impossible from the state of the arrange ments made at the Custom-house with reference to the bill that it could be postponed till another year.. He had gone over the bill very carefully out of doors with those who were most interested in its provisions, and such a close accordance of views had been attained that he thought the bill would be passed with comparatively little discussion or loss of time. He proposed to commit the bill pro forrad that night, with the view of inserting a great many altera tions which had been agreed on, after which the bill would be reprinted, and he hoped early next week to obtain a morning sitting for its discussion. Mr. HORSFALL next inquired, whether the First Lord of the Admiralty had received any communication com plaininc, of great irregularity in the delivery of letters by the African mail contract steamers, and whether any measures were being taken to prevent a recurrence of the same ? Probably, the right hon, gentleman was aware that the last steamer neglected to call at two principal trading ports, as it should have done according to con tract. Sir J. GRAHAM had not heard at the Board of Admi- ralty of any special complaint of failure in respect to time on the part of these particular steamers, but the Board of Admiralty had given general notice to all parties under contract that they would enforce the special contract in regard to the observance of time, with more rigour than hitherto. No representation had been forwarded to the Admiralty that the last African mail steamer had not touched at all the proper places. THE CASE OF SAMUEL JAMES. Sir 11. L. EVANS inquired which of the two sentences passed on Samuel James that convict was undergoing ; these sentences—namely, of 10 years, and of 15 years, being stated to have been pronounced in the Middlesex Assistant-Judge's Court on the 22d day of June, 1852 ? Lord PALMERSTON replied, that he was afraid it would occupy too much of the time of the house if he were to read the report he had received on the case ; but he should shortly state what was the effect of it. In the first place, the culprit was undergoing the more extended sen tence—the reason for pronouncing which was, that the pri soner after conviction, being in the dock, tookl out a stone of sufficient size to be a formidable missile, and, uttering words of revenge against the judge, threw it with all his eight, and with a considerably dexterous aim, at the judge. It just missed his eye; and even in its rebound there was danger. The consequence of hitting the judge would have been most serious. The decision of the judge was not given on the spot, but on cool deliberation, that the pri soner should be adjudged to a longer term of transporta tion, being one to which he might by law be sentenced. He (Lord Palmerston) thought the course pursued by the Court on that occasion was perfectly right. (Hear.) If he were appealed to as an adviser of the Crown whether any part of that sentence should be re mitted, he should feel it his duty to recommend that not a single day should be re mitted. If judges in the courts of law, and if judges at the assizes were to perform their duties under fear of personal danger— if they wero threatened with death in consequence of discharging their dutios—we might as well repeal our laws, dissolve our courts, let every man go armed, and let every one shoot down ruffians of that kind as they would mad dogs. GOVERNMENT OF INDIA BILL. On the consideration of the Government of India Bill, as amended, Sir J. PAKINGTON moved the insertion of a clause in the bill, enacting that the salt monopoly should cease, and that the manufacture and sale of salt in India shall be ab solutely free, subject only to excise or other duty. The case he undertook to prove was that in all countries salt wa s one of the first necessaries of life ; that it was more especially so in India, 'where it is an indispensable condi ment, as the food was rice ; that in India, nevertheless, it was scarce, and the price exorbitantly high. As salt was cheap and abundant in England, why was it, he asked, that the commercial law of supply and demand did not operate in this case, so that the plenty in England might relieve the penury of India ? He answered, that it was the monopoly of the East India Company, which ex acted a duty of from 300 to 400 per cent. upon the article, whether manufactured in India or imported from abroad. He described the mode in which the bad Indian salt was manufactured, and the condition of the producers, and he insisted upon the injury which the monopoly inflicted upon the health of the people of India and upon the trade of both countries, the Company's Government, so far from relaxing their mono poly, was even now struggling to increase its stringency, al though, in some cases, they manufactured salt at a loss. This was the case to which he asked Parliament, in the name of the people of India, to apply a remedy, and he could hardly believe, he said, that ho was appealing to the advocates of commercial freedom to put an end to a mono poly which was fatal to the welfare, the health, nay, the lives of the population of India, and highly injurious to the shipping interest of this country. Sir C. WOOD, in resisting the motion, observed that Sir John had got hold of the word " monopoly," of which he had made repeated use ; but he had not understood the word in its ordinary sense. By monopoly was meant the enhancing by artificial regulations the price of an arti cle to the consumer; yet, when the Governor-General of India endeavoured to reduce the price of native sal t to the consumer, from 80 rupees per 100 maunds to 65 rupees, Sir John termed this "monopoly." What he wanted (Sir Charles observed) was to estalitlish a real monopolyp favour of the exporters of salt from this c ountry. The ;l e people of India paid but a single tax, and that was duty on salt, from which article alarge collected in the cheapest and most con revenue was convenient form, imposing a charge upon the labour in g class in India, according to the best authorities , of no more than Bd. or 9cl. per head per annum , every other article of consumption being free. In spite of duty the highly. coloured picture drawn by Sir J. Pakington, there was, h he maintained, no evidence that the people of India had not a fair amount of salt. Upon this question Parliament should legislate not for England, but for India, or rather the Government should legislate in India ; the importation of British salt had already thrown out of employment many of the Molungoes, or hereditary salt-producers in Bengal. The duty upon salt, which was not felt as op pressive, ha 4 been reduced 25 per cent.; but the object of Sir J. Pakington was to introduce an excise system into India, which would cause great distress among the pro ducers, and augment the charge of the preventive service. The salt monopoly, as it was termed, which was no longer a monopoly of sale, was only a mode of collecting a re venue which could no bee commuted for any other tax. Mr. J. G. PHILLIMWE assailed Sir C. Wood for kis retrograde policy and his advocacy of what it was mere quibbling to say was not a monopoly. In a vehement speech he denounced the conduct of the company on this question, and urged the Government, even if deaf to the cries of India, to listen to the voice of our own manufac turers. Sir J. NOGG admitted that there was just ground of complaint prior to 1836, before which the company had a monopoly both of production and of sale, by which foreign salt was practically exc l u d e d. H o conten d e d th a t, un d r the circumstances of the native, the twelve pounds which had been spoken of was a fair average, because there were a variety of other condiments and spices -which the inhabi tants of India could obtain at the lowest possible price. He stated that the duty had been reduced, and a further reduction would take place when circumstances allowed; Declaring that trade in salt was entirely free, he opposed. the amendment of Sir J. Pakington: Mr. T. EGERTON supported the amendment. Sir H. MADDOCK opposed it on the ground of his ob jection to the species of interference contemplated. Mr. ADDERLEY believed with Napoleon, that if " England undertook the internal government of India, that country would be lost to us." Had this been a mere resolution on the subject, he should however, have sup ported it. Mr. HUME was desirous to see the salt monopoly abolished, believing that it operated unfavourably for the health of the natives, and he also wished to see the trading character of the Company at an end. Mr. D. SEYAIOUR. supported the amendment. Mr. LOWE objected to the form of the clause, which recited the Company's act, and said that if the latter was sufficient, the clause was useless, and if not, it was useless to recite it. He admitted that the Company had a monopoly, but not one to which an odious sense attached It was only a restriction, necessitated because the company had to raise a certain revenue. The company gained no thing by the restriction, but stood impartial between the importer, the manufacturer,i and the consumer, and had no interest in what had been assailed with so many hard names. Sir J. Pakingtou did not propose to move one of the burdens of the people of India, and if the clause were carried, matters would remain as they were, except that the house would have intruded into matters of which they had no knowledge, on which they were incompetent to judge, and on which great Indian authorities differed. He urged upon Sir J. Pakingtou that the proposed clause would not serve the interests of the British manufacturers. Mr. JOHN M`GREGOR regretted exceedingly to hear the speech of his hon. friend the member for Kiddermin ster, with regard to the great economical principles of the salt duties. (Divide.) But as he conceived the amend ment a dangerous experiment, he would vote against it— (ironical cheers) —differing altogether, however, from the financial principles of the hon. member who had just sat down. Mr. BLACKETT had never heard of a subject so full of anomalies as the Indian question, but it was long before he could have imagined such an anomaly as hearing a Free trade Minister standing up for the interests of the salt-pro ducers of Bengal—(Opposition cheers)—and giving an ex planation of the word " monopoly," which would, he trusted, snake the hon. member repent ever having applied the term to the corn laws. (Hear, hear.) It was twenty years ago since Mr. Wilbraham brought forward a pro position against the Indian salt-tax, and in the debate which ensued, Mr. C. Grant. afterwards Lord Glenelg, said he did not defend it. No one could deny the expe diency of removing it, and the Government thought it should be got rid of as soon as possible. Mr. Cutler Fer gusson, the advocate of the East India Company, could only defend it by saying the prejudices of the Indians were so powerful as to offer a complete bar to the substi tution of any other tax ; and on the assurance that the Government would consider the alteration of the tax as soon as possible Mr. Wilbraham's amendment was with drawn. The Parliament consented to leave the abolition of the tax to the discretionary power of the local authori ties in India ; but now that they heard arguments Lord Glenelg would have been ashamed to use, he trusted they would not consent once more to leave the question in such hands. Lord J. RUSSELL said, that before the house divided he wished to saya few words with respect to what appeared to him to be the extraordinary nature of the step recom mended by the right hon. baronet the member for Droit wich ; and, first, let him remark that though his speech had been entirely against the tax on salt—and if he had pro posed to abolish the salt tax altogether, he might have been disposed to feel his argument and vote for the repeal of the tax—the right hon. gentleman, after a long speech against the vicious and oppressive nature of the salt tax, proposed to do what? To leave it as the Indian Govern ment thought fit, and only to interfere with the mode of collection, and say it should no longer be raised in the present manner, but by a system of Excise. Now, there was this important point to be considered— that, supposing the house should agree with the motion of the right hon. gentleman, it would by no means get rid of the salt-tax, which had been called a monopoly, but which he thought his hon. friend the member for Kidderminster had proved to be no monopoly as a manu facture at all ; but the Indian Government, in the ex ercise of its discretion, a ‘ nd presided over by a noble lord who was certainly as conversant, perhaps, with matters of trade and commerce as any one who evet went to India, might think the best mode of raising the revenue was partly by a salt tax, and that the best mode of getting that tax was by the manufacture in Bengal being in the hands of the Government. He had heard it said that Parliament was responsible for any deficiency which might occur in the revenues of India, but certainly he had never subscribed to that doctrine, and thought it entirely un founded. He thought the revenues of the holders of East India Stock arose out of the territorial produce of India, , and that they had no right to come to Parliament in case of a deficiency. But the case would be totally altered if the house chose to vote with the right hon. gentleman. If they said there should be no longer a revenue of 2,000,0001. raised in the manner which the Government of India, in its discretion, aided by the most able men, thought fit, how could they tell what would be the consequence ? They knew the salt tax was a tax which occasioned a great deal of discussion, that it was subject to much evasion, and was oppressive to the inhabitants of the country. Suppose there was 1,000,0001. wanting in the revenue of India. who would be responsible for the deficiency ? Would it be the Indian Government? Would they be bound to lay on a new tax to supply the deficiency which the vote of the House of Commons had occasioned ? No ; certainly not. They could say, for the first time, with justice, "The deficiency has been occasioned by Parliament. Don't let us lay on a new tax which may be oppressive to the people of India, and let us ask the house, which has alone occasioned it, also to supply the deficiency." He hoped, therefore, that the house, before they supported the proposition of the right hon. gentleman—before they in dulged his constituents with the prospect of better days, would consider that as this was a subject which affected India, it would be far better that they should not set the example of regulating the finances of India by their own information, which after all must be very imperfect, but leave that great and important subject in the hands of the Government of India, as it had. hitherto been. (Hear, hear.) Mr. DISRAELI denied that there was any such inconsis tency as the noble lord seemed to suppose between the speech and the motion of the right hon. gentleman the member for Droitwich. It was quite true that the motion of his right hon. friend was not for the repeal of the salt-tax, but for au alteration of the mode of levying it, and it was equally true that in his speech he did not conceal from the house that his intention was to promote the ultimate re duction. if not the repeal, of the tax. But the first step was to destroy the monopoly, and when the monopoly was destroyed he defied them to raise the present excessive tax ; so that the observations of the noble lord had not at all an hsiovnei:efdritehned.posiHtieonorwhr.i c p h is h ra a e d li b ) e co en u t ld ak n e o n t u n p re b e y w h i is th rig th h e t noble lord as to the difference between the revenues of The noble n te o l b d le t t E h h n e vHeeunsueesefof Commonslndia. them i g t laehileddeira•encoOfgattilh'seeed no identity between those two re that the rdi o e p d ini t o h n en o ts f el t v h s o s se on coll h er ng colleagues of disciples of Sir R. Peel? (Hear, hear.) 'Was that the t v h e e nu n es o . ble lord Was who prided opinion of Sir R. Peel? All of them had read, and many of them had heard the opinion of that eminent personage that great authority on financial subjects—that he could not for a moment acknowledge that there was any and i which wouldt as the oneef beremembered, too, that difference between the revenues o f E ng l an d an d t h e re venues of India ; it whichw a was the was state put forward in financesthe p o a f rt h ic dia ular nm w a er rg epla e e n ed ts in favour of the imposition of the property and income tax. (Hear, heat.) He (Mr. Disraeli) asked the house whether any one could suppose that the embarrassment of our Indian finances must not ultimately in its con sequences devolve upon the people of this country ? for he must say that until the noble lord rose on this occasion, and apparently for the sole purpose of announcing his want of agreement with that financial doctrine, he had never heard any person of authority profess an opposite opinion. (Hear, hear.) He repeated that he did not agree with the noble lord in that opinion. He was sure that if there was embarrassment in our Indian finances, that embarrassment must ultimately be examined and dealt with by England. But he could not allow any opinion, ono way or the other, on such a subject, at ail to interfere with the conclusion which they ought to arrive at with respect to the particular topic before them. They were called on now to consider what should be the government of India for a considerable space of time—probably for 20 years, from the decision which they had previously arrived. at. It had been laid before them that the fiscal arrangement in question was, in the opinion of his right hon. friend, attended with much misgovernment, and was injurious to the inhabitants of India. His right hon. friend had 118;1'; before them all the circumstances and causes which __rau induced him to think to adopt that opinion , and he (Al • Disraeli) must say that he had yet heard noth i ng from any , one which had at all met the case which his right hon. friend had placed before them. Well, if et was true that the salt monopoly — let them call it, if they liked,was by another name, and see if it smelt !varter ---1, u rious to th e great true that it produced consequences so body of the population of India , he wanted to ac i t. k now how on of the the the evil was to be dealt with ex ce p t by British Parliament ; and wh en a more fittingopportunity could occur for Parliament t o consider remedial means in this respect than the on e which had now offered itself ? That was the point which they had to consider. Here was an evil, the immensity of which could not w e ll b e de scribed. How wa s it to be encountered ? Tilley were told that they must not interfere with the fiscal details of India—that they should leave them to the Court of Directors, and to the Governor-General. But the house had to consider whether the Court of Directors, or our own Viceroys who were sent to India, were inclined, or power ful enough, to encounter this grievance, 'and to combat with the evil consequences which were occasioned. If these persons neglected to do so, or if they were powerless to do se, was it the duty of that house to step in and fulfil that which these persons had omitted to accomplish? and. if it was their duty, was there any opportunity that could offer better than the present for doing it ? That was the question, and no noble lord or right hon. gentleman who had yet risen had attempted to meet that which was the real point under discussion. There was one person who was neither a noble lord nor a right honourable gentle man, yet who had come forward, and certainly with a confidence which he believed none but the honourable member for Kidderminster could display—(hear, hear) — he had met the difficulty, and seemed prepared to meet all the difficulties connected with this or any other subject. (Hoar, hear.) There was nothipg more interest. 70 121 i • + •