The Sun. — London, England, 1857-02-07 00:00:00

MO EY MARKET ♦ND COMMERCIAL INTELLIGENCE. CITY, Two o'CLocx. The Liverpool Cotton Market yesterday closed without animation, but prices were steady. The sales amounted to 8,000 bales, 2,500 of which were taken for export and speculation. In the Railway Share .Market there was no feature of importance, but the quotations were firmly maintained. The Bank of England return, which extends to the end of last month, is not considered favourable, for although contrary to general expectation, there 18 an increase in the bullion, the aggregate amount of other securities has seriously increased ; besides Which, the revenue of notes has further declined. The changes in the two latter items are no doubt attributable to the preparations already made for the 4th inst., when a considerable amount of com mercial bills bad to be paid off. With regard to the bullion, movement has been chiefly caused by the reflux of gole coin from Ireland, as the receipts of specie have lately bee❑ so very unimportant. Probably the next return will show a falling off, but the expected arrivals from the Australian colonies will no doubt soon replace the sums recently withdrawn to the Continent. The prin cipal items and the changes they present will be seen by the following table : Active Circulation Increase Bullion Increase Rest Increase Public Deposit's _ Increase £19,173,235 832,70 10,139,976 23,694 3, 401 60 6 12,466 5,415,624 1f 292, 703 10,530,424 Other Deposits 545,419 Increase Seven-D a y a n d other Bills 806,940 Decrease Government Securities Decrease Other Securities Increase Notes unemy l oye d Decrease The official return of the exports of the precious Metals from the port of London for the week end ing Thursday last is as follows : Gold Coin Belgium ~. 8,000 Om. Silver co'in Mogadore 4,000 OzQ. There is no diminution in the demand for dis count., the market during the last few days hav ing been exceedingly tight. This continued incon venience creates much anxiety to ascertain what course will be taken by the Go vernment with re gard to the currency. Although Sir G. C. Lewis last evening- intimated that no alteration is pro- Posed, the remarks made by those who followed hun in the debate have given satisfaction, since they show that the feeling of the house is in favour of some amendment. The efflux of gold during the past week has been less rapid, but it ha., nevertheless, preserved its characteristic steadiness. A further sum of 20,0001. wa s taken away yesterday, making the total for the Week about 130,0001. s to 140,000/. The market for Public Securities to-day has been extremely dull, and a heavy tone, resulting in a decline of per cent., has been apparent. Some sales have been effected, but the operations have not been of importance. Consols for money after being 921 to 93, officially closed at 92/ ; while for account they were 931 f, and 931 I. The New 3 per Cents, were 931 the Reduced 931 /and Ex chequer Bi lls par to 3s. premium. Bank Stock 216 to 2174. Only about half a dozen bargains were recorded in the Foreign Market. Turkish 0 per Cents. re alised 93i, and the 4 per Cents. 100 g. Russian small Bonds were 97. Spanish Deferred 23j, and Brazilian New 44 per Cents. 971. The following are the nominal prices of Foreign Stocks :—Grenada Deferred Bonds, 6i 7 ; Mexi can, 211 22 ; P eruv i an, 77 79 ; ditto 3 per Cents., $4 56 ; Portuguese 3 per Cents., 43 5 ; Russian 6 per Cents., 108 10 ; ditto 44 per Cents., 95 7; Spanish 3 per Cents., 391404 ; ditto New Deferred, 231 ; ditto Certificates, 61 1 ; ditto Passive, 646. There is very little change to report in the Rail way Share Market, an exceedingly limited business has been transacted. Great Western and North- Eastern Berwick declined 55., and North-Western, 7s. 6d. Edinburgh, Perth, and Dundee, Lanca shire and Yorkshire, Brighton and South-Western were about ss. higher. The East Indian have *- proved about 108. Grand Trunk of Canada, Dutch, Rhenish and Paris, and Lyons were a shade lower. British and Foreign Mining Shares have been quite neglected, and prices are unaltered. Joint-Stock Bank and Miscellaneous Shares have been moderately active, and prices have ruled steady. Union of London improved ss. National Discount Company. Crystal Palace, and Canada Government 6 per Cents. realised former values. BR Ill:INDS THIS DAY AT ONE •OW 'K. ( From the Offietal List.) Bank Sto c k 3 pa; u ent . R e d uced Amenities ~,•, 3 ( lent ",neole Andlgitieq 93 2i I New 3 per Cent. Annuities 934 New 21 per Cent. Ann u iti es 761 Loag Annuities, expi re sth J an . 1860 ... 2i Consols for Account 931 wheinor Bills, 21d ',100() .sflo 3 p par Ditto Bonds, 1858, 31 per Cent 98,, Ditto, 1859 PRICES OF FOREIGN FUNDS AT ONE o'cLo. Brazilian Bonds, 5 per Cent. Ditto New, 1852, 4. per Cent. Russian Bonds, 1822, # St., 5 per Cent..., Ditto, 41 per Cent. Ditto Small apsnikh Bouds, 3 per Cent. bibte New Deferred, 3 per een , Ditto Account Turkish Bonds, 6 L iar cent LAU° Accoant ....... Ditto guaranteed, 4 per Cent. Dtk wends on the above payable in Lon; . , n. Consols, mono TWO O'CLOCK. ..... . .............. 92i Ditto Account .. ..... ............. 93 • ............... ; ASSOCIATED SOCIETIES, EDINBUItOII.-- The electin of an honorary President of th ese societies took place in the University of Edinburgh on Wednesday. Th e can didates were Sir J. MVeil and Lord J. Russell. The contest was remarkably keen ; and at the close of the poll Sir J. M'Neil was eleoted by a majority. The re sult, we believe, was mainly due to the impression that Lord John, if elected, would not find it convenient to come to Edinburgh for installation. The half-yearly dividend upon the York, Newcastle, and Berwick Railway stock is officially announced at the rate of 44 per cent. per annum, and that on York IWO North Midland stock at the rate of 3i per cent. per 441:11203. St. 50 25 100 St. 50 St. St. 201, 100 100 100 100 SMITH PRIZEMEN.—CAMBRIDGE, Friday Ni g ht . — The great mathematical prize of the year has been this day adjudged as under :-1. Savage, Pembroke. 2. Finch, Queens. These two gentlemen were at the head of the tripes in the B.A. examination just over, but the mutual relative positions they then occupied is now reversed in favour of Mr. Savage. PARISH OF ST. PANCRAS.—Yesterday the vestry of this parish voted a rate of 130. in the pound. EAST SUSSEI ELECTION.—A preliminary meeting of the friend s of Mr. J. G. Dodson, who has announced himself as a candidate for East Sussex, on the retirement of Mr. F rewen, was held yesterday at Brighton. A strong opinion was expressed that if proper exertions Were made, Mr. Dodson's return would be certain. Official information has again been given in Vienna t_hat_all thos e p o li t i cal refugees who demand pardon of the Emperor will receive it, and be permitted to return to their homes. The IVeekly Register states that " the teleer h (Romanist paper) of yesterday from Rome brings the pain yirilful intelligence that Mar.P(formerly Archdeacon) Robert berforce is i having bneereat danger, from gastric fever, at Albano, Ecclesiastica, whereibreemoved thither from the Academia the Catholic priesthood completing his preparation for MlNlM—During the week a good business has been done, and more in Lilo, pThriaceed shares than was obser vable last week, in fact, y i of th® small shares we then noticed as having been Souatlrigy dealt i.f have not rances shares have maintained their prices. advancedewi from 330 to been mostly in de:nand, a n d have 360 , 370 ; the cause of this is a discovery in ngetzl.teoshows what we the 104, west of the cross-course, have often pointed out, the value oi : appear from the 104 upwards the lode" h -cnt s ; it would west of the cross-course, but by driving a ard been poor the 104 the lade was found, and the infer n,ttle north in had been missed in all the levels above.e 7 h i i s that it only important to South Frances, but the mil : is not particularly West Frances and Grenvill“. et''vest' to 802 i, the dividend declared at the rneeti g Basset, 3" per abare. Alfred Consols paid a dividend n- was 8/. of 98 p er to and the next is Expected to be 1 h . r larger ; shares, 22 te 23.—Minzug Journal of this day. - THE SUN, LONDON, SATURDAY FiVE IN SHARE MARKETS.—(This Day.) K.A.ILW Ys. Closing Prices this day. Busine.s done this day. RAILWAYS. Ainbg. Nottng. tto ,, t 'tad &stn. Jima Belfast K Ballymena. Binning. Wolverh Stour Va11ey..... Rirkenhd. 14311,13) IllestO,re Junct Blackburn girth &Tyneor glut, £25 (incl. at £4: Bristol and Mu:to:— Caledoni‘n. Chester & Holyhead Cork and Bandon Cork, Black, & Pas, Cornwall Do. A Do. B Dablin4BolfasUnnc Dan. P. ds &bor. Jne. Es.st Anglian Eastern Countios East. Union, & 3%k Be., B. Stock Do , New A......, East Kent East Lancashire East Suffolk Do. Nrdinburgb & Maw Edinb. and Peebles E din. Prt h & D tin de Forth & Clyde Jun . Furness . Glasgow & S. Westrn l Great N. of Scotlud Great Northern ... IDo., A. Stock Do B. Stock Gt. Bth. &West.(lre ) Great Western qo. Stour Val. Its.; Gun. Stk Irish South- Easterr Lancaster & Carnal, Do., Thirds Do. New Thirds.... Lencesh. an Ynrk sh Do., do. F. £l6 Do., Wet. Aiding (in. Do. South! ort London & Black wall Loud. Bright &S.Cst. Loud. and N. Westn Do. Fifths D0.101.5h.,14&11...0 Do. Eighths London and S. Weßtn. Lndndrry& Col oral n Lndndrry. & Ennisk anch.Shef.& Lincl• Metropolitan Do. J. L. Ricardo's arrangement Wldland D liirmng. & Der': ttidld. G. West. (I I e. Jo. Half Shares__ 49 wcastl e & Carnal. iwpt.Aberg. & Flit Mowry & Enniskillp -Jewry, Warronpnin , ,ul , l Rost revor. lorfolk iortbu.Counties T• !forth Tiritimb.... 4th Devon Rail Dock Stock . io., A Stock B Stock K.Eeetern—Berwi• k .o. do. Extension i)e.do.(4.N.E.?urni I Do. Leeds )e. York forth London st)ad, r.nd City J, +forth Staffordshir forth Western.... S.Weistrn.Jan. Worc., k Wol' ~•rtarnouth LO Rhymney Scottish Centrni ) Scot. N E.Abrdn St. k Do. Scot. Mid. St i , m);.shire iTr'on 2 SitingbournoltShecr. iontt, Dovon 10 ionth Eastern oath Wales . .7 i. Vrksh.dc Riv. Da 7 t .ines,Wok. k Wo 3, eekton & Dotilng Do., do., 1854 Do., do., 1855 ito Atort & Hartlep Caa' Vale.. . 10. Pref., No. 1 Namea Hay. D.& B Vale of Neath PiTaterfd. & gtikonn Waterford&Limer , e • West Cornwall..... West End of Londe! and Crystal Palace. Do. A Do. B West London. Do. Fiist Class .. Do. Second Class.- Wimbledn&Croydon BRITISH PO: Atlan. and St. Law. Bombay, Baroda, and Cen.lndia, g. 5 p. c Do Buffalo & Lake Hnr. Buf., Brnt. & Godch. l 6 p.c. bds.,l Do. do., 1 July, '73 Do. do., 1 June .'74 Calcutta and S. East. Central nude (hide (Limited) Ceylon A shares Do. B. do , TTleran. Eastern Bengal vinst I ...... ,Do. C Shares D 0.42 p.c.Bnds.,'s' ►,,. do. do., '59, d: Geelong k Meibournt guar. 5 per cent. . Dd. 'Trunk of Canadz Do. 6 p. c. Deben. (it In. Pen. g. sp. c Do New, guar. 5 p. c clt. Weatern of Canvia Do. New 1),. Ma., payable 's' Do. do., '76, p. '6O Do. do., '73 do. Do. do., '73, withou option .. viras, guar. 4! p.c Do. do., 5 p. c. Do. 4i p. c. Exton Do. 3d Ex., g. 5 p. c Do. 4th Ex., do. •i'elncle, guar. 5 p. c. 4} 4 Si 9 65 - 57 8i 9 93 - 95 623 - 63 33 - 36 • v. .."'" •-• 18k - 19 9t 40 - 44 29 - 31 1 8 - 6 91§ 951 5* - 55 34 - 35 I 92 - 94 7 - 8 93i 94 78 - 80 '123 125 111 113 65 66 67 721 5i - (4 5 i C 96g 97 d 6i - 7 107 - 103 106 106 ; 201 - 21. 101 - 10, - A 106 - 107 34 - ~4 82 - 82 53 - 55 .•• ''"'• 13i -- 14 54 - 56 34 - 3i , 394 40g 84.4 -85 i 4t - 3 - 2+ I7i 18 60i 6 1 , 3 98 - 102 "i 4 - 4ad 7i 8 10 11 27 28 1R 108 24i - 253 70 72 49 51 2 - 17i IN 73 - 74 84 - 85 3d 5 3 12 -- H i 9 41 fOi - 2O 7 - 9 2 - 3 5 - 54 ••• '"' •. 1110 • • • 'i = "i IESSIO NS. I - i 11 95 98 95 98 94 96 94 96 par ip ~ - ... - 103 - 110 lg lip ... - .. .41 .".". 211 - 21 50 - 52 81 83 20i - 21 24 - 5 23 - 2 i) 99 - 100 118 123 118 - 12 108 110 19t 21i 22 d Val 6 .ii 7 i',l ... -• ... LINES LEASED AT FIXED RENTALS. Paid 100 100 all 100 all 100 all all all 100 all all RAILWAYS BuckgnaD, o , Clyclesdai• Jc Col. Stour V y. E. Lin. g. 6 2c. E. Un. H. S. Glas. Barr. & Neils. Direct Do. New Glstr.& Dn Fr Hnll & Solby Do. Shares. , Do. Shares. Lon.& Green w Do. Preference Lon., Til., & Do. Bark. Sh. ' Manch. Ilian and Matlo , Midld.Bradf Newmarket Bury E. G.spc Est.s p.c. Do. 6 p !t. ct. Do. Filreds pc Frost. & yr• Do. A Shr3. A Roystn.& Hit. Shrews.&ller S. StatTordsh. WearVal.g6pc D 0.... . Wilts& S )nut Leasing Compans L. &N. . Calorlon.. Qt Nrthn F. Count. Caldonian Do at . wpFirn Y.St NM Do Do East , ), Do Peto At On D 0...... ... L.l¢ N. W & Midi , t. En. Conn, E. Count Do.. L.&N.W Do Ot Northr T. Brassey ra . ran) .ton Stk.ezDar. Closing Prices this day. r OtWi 96 - 99 98 - 102 11 - 13 133 -- 136 4 - ~10 lu --1312 23 -21 108 - 110 - 2i - 2i 92 u 4 i h 6 r I:i2 - 135 7 -6i 33 - 34 88 - PO !E SHARES. 96 - 98 41 - 5 5i - 51 119 - 115 4 it 1 - tl , 12 - 124 • • • ..". in = 76 Ili - 120 112 - 114 103 - 1(5 62 - 64 9i - 101 6 - 6 93 - 95 83 - 85 99 101 10 - 104 16 --- 17, 10 104 75 - 77 194 - 20 9i -10 i 141 - 154 125 138 114 - 117 .59 - 161 i Go 68 1.37 -- 139 99 - 101 80 til 11 - r 'lO3 -1(5 .3 ; —35 d 1 - ~~~ .. -. ... 1111 - 113 113 -- 116 105 -- 110 65 -- 70 16i -- 17/ 23} - 246 102 - 105 -10 j ... --... 27 -• 28,! 2 -- 3p, 24 - 34 974 7 x d PR EFERENI Myth aratTyn., c. prof. (issd.a.tsq , Brie. & Ea 4 p. c. SI Do. 4 p. c. Shares Caledn. £lO 4i p.c. Ches.& lio. 5 ;cr c. Do. dc.s per e. Colk4Bandonsip.c Dun.Prth Aber. J. E. Anglian Cls. ASh Do. do. Cls. B 6 p. c. Do. de. Cis. C 7 p. Eas.Co. Er, spcNc 1 Do. No. 2 „ Do. Now 6 p. o. East Un., G. 6 p. c Do. 51., 10 per cent Do. 16/. Debentr.Sl Do. do. 4 per cent . East Lane ash. 6 p. ott E. W. York. J. sth• ;Min. & Gl. 5 p.c. sh Ed. Prth.&Dun.4p.c FurnesP, 5 P. (Ilea. & S. W. 4J. 6 p.c Great Northn. 5 p. c Do. 5 p. o. Redeont at 10 p. c. pram Do. 4l P.c . Do. sp. c., Red. at P.C. pm... • ..... Gt. N. of Sent. 1 At Pre i f t. F; &W. (Ireland Do. 4per 0. Pr it t. 'it. W.(B. kll.Exspc Do. con. red. 4 p.c. Do. con. red. 4 p. o Do. irred. 4p. C. Do. 5 p. c. red. prof Do. Birm. Pref. Sh Do. Chester 8 p. C. P. Do. do. 5 p. c. Do. Birm. One. SO Do. Ches. Gue. Sh . Do. do. do Do. do. do Lan. &York. 6p c. Stock Lon. &B. 0.5 pc. No.l Do. P., spe. St.No.2 Do. New Guar.6 u. Do. do. 5 p. c.,N0.4 Lon. &N. W., CON. Nuneaton 5 p. et.. Lon.tz S, W. 7 per et late 3d Shares Londy.Ar Ennis. 111.,F4.,14 T.. 6 p. Cent Do. do. do. £6 no. do. 3j per ccit. Msrypt ..oz Carl 4 c Do. 4 A per cent.... .1 Do. do. Consol.B p.c.S , Con. Br. Do. 4i p. c. Pref. t Ditto L.&l3.Pref. St New., Aber., &c., pr. 5 p. a. red. 5 p.c. pm. Do. Pcrpet. 6 p at. Norfk. Dob, 4 p.c. sh Do. 5 pc. Ext.,1846 Do. 5i porc. pf ,1847 Do. Wv.1 7 .5 ?e.,1847 North British Do 71. Preference N. E. I'e:w, 4 p.c. Do, do. do D. Leeds 6 p.c Do. do. Qre.,1848... Do. York FL& g. Pur. North Staffordshire.. oy„W( r. W., ljeri ent., Ist guar. Do. 6 p.c. 2d guar.. Scot. Cent. ,New Pref I Sc.N.E. A.ber.g 6 pc d0.,7 p.c. pf. at. Do. do., 34 p.c. pf. st S,uth Devon Do. fixed,4 per cent S. Eastern (Reading Ann.) of £1 Os. 6d. Do. 41 per cent Do. Fixed 4} p o sh 3. Wales One. 4 p. c Dc,. do. 44 p. 3.Yorksh.4p.c.Guar - Atock.k Dar., 5 p. c Do. do. do Sto, k. & llartl. g. 5 p. c. till July 1,'56 Watorfd.&Kilk.6pci BRITISH AT KRA 121 12 !Alfred Cons. (Plink. !British Iron ..... 1093 10 51 To 821 2 20i 100 100 100 100 FOREIGN. 14s 10/ 3 18s 6€ll 6115! 12s 6 'Condurow (Carribru.: Dev.Gt, Cusls. (Tay.: Great South Tolgus., G rt. W. Alfrd. (Pnilk ICht.W. Vor (lielstu: Lady Bertha IN. Frances (Illogan) N.W.BAsset (Illogan) North Wheal Crofty !Par. Cons. (St. Blaxy) IPorkellis U. (Wend.) Sort. Cons. Min. Co S. Caradon (St. Cleer) S. Cara Brea (Illogn.) S. W. Franees(lllogu, I Tam. S. & L. Min. Co. 'Tin Croft lUD.Mines (Gwennap) V. of Towey (Cam ar. IW. Basset (Illogin).,, iW. Caradon (Liskrd.' Wh. Basset (Illogan.' !Wh. Boller (Rdruth.' Wh. Edward(Calstk. ,:Wh. Kitty (U. Lint. Wh. Ma. Ann(Menht. Trelawney (Lis. 22 -- 23 7. -- 155 -- 165 150 -- 460 15i -- 161 12 -- 13 6 -- 6i 1 -- 11 19 -- 21 35 -- 36 61 -- 7 23i -- 24! 9 -- 10 1i -- 2 340 -- 350 157 5 1 1 - 1 78 8i -- 8 350 -- 360 1f -- 1 3i -- 41 210 230 36 -- 37 1471 -- 152 395 -- 305 270 - 290 4 -- 14 -- 15 46 -- 41, 0 -- 23 361 1474 x d - 10 all 'Antwerp'ellotterdam 51 6/ FOREIGN MINES. /0 14 Ardennes - ... - ... 5 a ll Relgian Easitn.- June II 1 1 20 7 lustralian 4 -1/ 20 16 'teziers to flraissessr e 21 - 3r• , 35 27 irazilinnlmp.(iesne , 1? - 2 6 all Carmeaux & Toulouse at In pm.) Coal Mines and Ry. 44 5 30 all Do. Comes & Guist , 3 3. 2.0 12 Dutch Rhenish / d - par 111 20 15 Do. St. John Dol Re . 16 - 18 20 all Eastern of France - .12 1 . , 31arendon Cons. Mir 20 all 1 )0. New 9l - 106 Co. of Jamaica Id - P 20 t's. Euphrates Valley par - / p P 40 all Cobre Copper ~..... 55 - 57 x d 20 18 i.it. Central of Fran , 4i, 4 -4/ ... 16 Copialio l2 -- 14 20 17 lreat Lnxembourg ... 51 - 5A 2 all Fortuna g gd 10 4 Italian Junction,.,,., l ... ... 2 0 all ienszal . 7 - 81 - ••• 4 20 all Lake Const. & Rash! ... - .. 3 all Linares . 1 20 all Lierre and Turnhout; ... - ••• 5 1 taisitanian ld - A i 20 6 Lombardo Venetian.! 6 - 6}; 1 ai i , S ar i qu i t a - 1 all law Granada / - 6 I 5 all Lucca 4 Pist. sp. c.p. .. - ... 1 a'l ionveau Monde 20 all Lyons and Geneva ... 29. - 305 5 1 Port Philip 20 a ll Ly ons 3Mediterran ... - .., 3:li a ll %l ar i at A n t on i a 30 15ii isatiago de Cu , a.. . 2 - 24 24 ... ... •O• 1 all loath Australian ... - ... 10 all Do. do. New - ~. 1 all Do. Scrip 2 0 all Namu r . Li ege . 74 - Si 1 a Do. 10 per cent Pre' . - ... 0 all Do. do., 6p. c. Prof 19 - 19 19/ 28 h a llnitA kts.,,i , an .. 34 - 41 4 16 all N o rth ern o f F rance . 36 - 36 10 aii NerwegianTrunkPre' 9 - 94 9 4' MISCELLANEOUS. 20 all Paris and Lyons s3i - 54/ 54/ 25 19 Australian Agricult. ... - ... 20 all Paris and Orleans 53 • - 5 5 20 10 all Australn Royal Mail .. - ... 7 Recife & San. Fran., 10 all Berlin Water Works 5f - 5i 71 Rome (Peni a a n ni d ) F g r . as 7 c P ati • c d --- • 1i .. 1) 1050 40 Brit. American Land 40 -- 45 20 all Royal Danish - 20 .84 a : 1 01 1 11 Ft o Dwoe y .s a : l Fi El ipa NV rde :el,. Flanders..,, h tc. pr.. e . .. 4 i i i - 1 44 100 32A Canada 129 133 St. 100 '. Go.tip.c. Jan&jials 110 110! 1101 i 20 al 1 Sambrer n and of France„itieus ' : 88 - -- 1 11 20, all onthe St. 100 Do. 6 p.o. Feb & Aug ... ... St. 100 Da. 6p C. Mar & Sept ... - ,•• St ali Copper Min. of En 4 34 - 38 35 10 20 all 2: D , c ) , . a 25 all Do. Prof. 74 p. °Gni 26 - 28 26 5 all Crystal Palace 2f - 21 2 4 1 20 all W. &N. W. o f p ref- 9i - 10 20 all West. of Srwicetnzte.rillanar.:::.: ...... i ... --_-.. ~ 1, ...." . 1) 5 all Do. Preference 54 -54 54 20 6 Westernof Austria.., 32 - 33 4 all Crystal Pal. of Franc , ••• - •„. 66 allall Wiesbaden 1 4 Duston iron Ore ... - ... 20 18 Eastern Steam - • SOCK BANK - 8 . . St. ICO Kieetric Telegraph 94 - 96 IiAJOINT-T 1 all Electric Teleg. of Jr ... - ... _ ............... ••• - ••• 5 all En.&Aus Cop Sm C( 11 - 11 10 10s. Eur. & Ind • Jctn•Tel. ... - ••• i __ 40 all Australasia ......... . "Ti.j., - _ 25 all Gen. Ir Sc Col (lim.) ... - --• 25 181 ,tank of Egypt ..•... i . '-'u 1 11 Gon. Steata Navigat 61 --- 7 4 tar . 5 1 , 100 50 Bank of Lond on .. 2O 5 London Discount ... 6 - 1d 41 40 all Id. Col. filt.Stl.n. i'; ::: 7 7• 4 all Loral. Gen. Omnibus 31 - 4 3i 50 .1 triVila N. America ... _ - 20 10 Magdalena St. Navit. .. - ... 20 6 !intl. Bak. of Indla, .., 10 all Ytediteran. Etec. Tel, ... - .. Australia, h Clain, t i 1. 44 io an. MoxicankS.Amerii u 24 - '-'llOO 50 (jitY 66 -_ 63 241 1 25 5 Nat. Discount C 0.... / - 4 p 5 11 I 25 5 Do. New . 100 25 John 'al • - .. . 100 20 Commercial of Load _, , 10 5 Netherlands Land 1- 11 s lo ss ti. t, ict a : 1 , 1. 1 N DD ti N . oo .. e s . ; i3 v . :B \TA. . 10 all Do. ••. 0 20 a ll 'rilng.Seot.&,Aus.Clit. 18 -18 t 185 pCP iasatl d 31 - 4 20 all fond. Chart. Bk. o , GoDv..osP;c• D. 4 .. d . ' .- I) .. Australia ..,... - 'Bi 181 4 20 all Otto New . 171 -- 183 18 1 - sa , 7 11 :. N_ l) ~ j e i t . . e i - r , , i o , ~lif , i.: 4l : 6 ll t r i: aalsoplBa.ei Shares" llaann team d.. r 50 . Z 0 London and County •,, - ... 100 50 Lrot.&E.lthkg.Corp. ... - ••• x d 2 i)5 0 1i, 50 10 London Joint Stock. .. - •,, 1 '.: (1,1 ' p P rie e n c o l i.u l - I N : u % oiwa lc:l s,. .B: o, M . inrl.• 25 ... 9_ P i i 47 64 100 20 Loud. & Weetniinstol ,„ - • , Pm 100 3F. National Pro.c.f F.ng : , *-- - ,--- 20 10 Do. Nati.. .......... 50 22 National Bank . ... - ;•:, 50 all Rhymney Iron ...... ' 3 20 al' New Sonth Walett.- 48 - DU n, 1 15 + - I . Do. New ....... ' 23 - 25 25 al Oriental I It. Corp 37 - 38 Jr A g . ............ 6 - 8 02 15 Ottoman Bank .. 100 GO Royal Mar sf - Steam •„ 6o 64 1 .1.1 Scot. Austral. Inv .-3 "1 t 100 ; rrovincial of Irelan. ..• 1 all Ditto New„ ' .ll 1$ 10 Al ko. New . St. ICO S.Aus. Gov.6p.e:baS. 14 - 11 5 i R Ans BhGolm C. ~. .• 25 all :3.. k h , uni . :.i...,.. 3 - 5 . 7 iii 25 A. iortl- • no. Tali• ... •• 63 61 1 a Submar. Tel.Scr:t,„ 3 25 all ' 'llion of Australia 61 - A - I 1 a' D ~ ~.istered.„, ••• 2 Do. New 7 - D i - 1 - 5 ° 10 Union of London ... . • 254 20 5 1 '''''''t* T.-' 6 . 11 ''' 5 5 4 ' 0 \ N r y Ttl e i s t t y e r 11;1: 1 1 3 t k ua o l - ••• - ... 100 100 100 28 Van Diemen's Land 15 - 17 St • 100 a V.Go.tip,c.Jan,dauly .- f Londj 10 11 „... 9 6 (1,. 41 ... Basinese this day MARKET NEWS.—(This fay.) COVENT GARDEN. Our market to day was 1 fruit and vegetables, for wh: about last week's prices. Jut moderately supplied with Lch we had a dull inquiry, at Filberts, per 1b.....1s to is 4d Cobs., p. 100 lbs. 110 s to Almonds, p. lb. Os Od to Os Od NValne s, per 100 6d to is Od Figs, per doz is to 3s Od Strawberries, per pottle Od to Oil Gooseberries, per half sieve . . 080 d to Os Od Currants, p. do. Os 0.1 to Os Od Plums, per do. 2s Od to 5s Od Green gages,do. 4s Od to 7s Od Raspberries, p. potl. Od to Od Pineapples, per lb. Os Od to Os Colors do., ea. NOdto N Od Grapes, per 1b... Os Od to 12s Foreign do 09 Od to Os Od Melons, each ....3s Od to 5s Od Peaches, p. d0z.... 38 to Bsod Nectarines, do. 2s Od to 8s Od Apples, p. h. sv. 6s Od to 8s Od Pears, per d0z....8s to lOs Oci Oranges, per 100.3 s 6d to lOs Lemons, p. doz. is Od to 2s Od Apricots,p. doz. 2s Od to 6s Od Cherries, per lb. Os to Os Od VEGE' Greens, p. doz. bun. 3s to 3 64 Cabbages, p. doz. 04 to 03 Od Savoy do., p. do. is 04 to 2s Od Cauliflowers, do. ?s 0.1 to 5504 Brocoli, p. bun. is 64 to 2s 0.1 Potatoes, per ton FOs to 1.35 New do., per do O - ,to Peas, per quart _94 to is 04 Turnips, per bunch 4.1 to 64 Carrots, per bunch 5d to 74 Cucumbers, each 2s to 3s Od Garlic, per lb .....6d to Os ed Sorrel, per sieve od to 0: Spinach, p. d0...28 Od to s 6c3 Brussels sproats, per half do 2s 6d to 3s 64 Onions, p. bush. 2s 6d to 4s 64 New do., per bunch Od to 04 French beans, per 100. ls 6d to 2s 6d Leeks, per do 2d to 44 Shallots, per lb.. 64 to 81 Horseraddish, p. bun. 2s to 58 Parsley, per do. 4d to 6d Celery, per do Os 9d to is 9d Beet, per doz. is Od to 2 , 4 Od Parsnips, per do. is Od to Os Small salad, p. pun. 2d to 3d Mushrooms, p. ptl. 1 s3dtols 9d Artichokes, each 4d to 8d Cab. lettuces, per score 09 91 to is 33 Endive, per score ls 6d to 3s Radishes, per doz. hardy Tomatoes, p. hf.sv. 4s to 6s 03 Walnuts per 100...0s 8d to la Chillies, per 1001 s Od to ls 6d Capsicums, per 1001 s 03 to 2s Rhubarb, p. bun. is 6d to 2s Asparagus, per 100 is 03 to 9 s Sea kail, per pun. Os 03 to Os NEWGATE AND LEADENHALL. Turkeys, 5a Od to 10s Od ; Geese, 5i Od to 7s Od each ; Ducks, 2s 01 to 3s Od ; t ame ra bbits, is 3d to 2s Od each ; wild do. 10d to is ld ; Pigeons is to is 3d each ; large Surrey Fowls, 8s to 10 s ; barn-door ' do.;3s 6d to 6s ; Chickens, 6s Od to 8s Od per couple • Capons, Os 6d to Os Od ; Hares, 2s 6d to 4s Od ; Gr o u se , is 3d to 3s Od each • Pheasants, 3s 6d to 4s 6d ; Partrid ges , I s 9d t o 2 s 01 ; Voodeccks, 3s to 4s ; Snipes, is 6d to 'Zs ; Teal, is 6d to 29 ; Wild Ducks, is 9d to 2s ; Widgeons, is 3d to is 61 ; Plovers, is 3d to la 9d each ; Guinea Fowls, 1s 9d to 3s ; Roasting pigs, 6s Od to 8s Od each. Ostend fresh butter, —s to - s Od ; English do., 15s Od to 18s Od per dozen lbs. ; English eggs, 10s 6d to Os ; French do., Os to Os Od per 120; Leverets, Os each. NEWPORT. Beef, from 3s 4d to 4s 641 ; mutton, 3s 8d to 4s 8d ; veal, 4s Od to 58 Oi; pork, 3110 d to 53 2d per Ms., by the car case. W RITECH A PEL. Beef from 3s 4d to 4s Gd; mutton, 3s Gd to 4s 8d ; veal, :s to 4s 10d ; pork, 4s Od to 58 0 I per 81bs., by the carcase. BILLINGSGATE. Turbots, 286 d to 203 ; Brills, 2s Od to 108 each; Salmon 33 6cl to 4s 6d per lb ; Cod Fish, 3 s t o 15 s eac h ; S o l es , 6d to 2s 6d per pair ; Els, 8d to I s per lb ; Lobsters, is to 4s 6d; Crabs, fid to 3s Od ; Whitings, 3 8 Od t o 12 s per d oz . ; Common Oysters, 17s to 168 ; Natives 503 to —s per hsh. ; Mackerel, 50s to s per 100 ; Smelts, is Od to 3s 6d per doz.; Skate, 6d to Od per lb; Shrimps, ls 6d to 2s 6d per gallon ; Bloaters, 5s Od to 8s 01 per 100 ; Fresh Herrings, 6s to Os per 100; Scotch do., Od ; Sprats, Ss Od to Os Od psi bushel ; Doreys, 2s cd to 10s each ; Haddocks, 4s to 15s per doz.; Pike, 6d ; Sturgeon, 6d per lb ; Prawns. 5s Od to Os; Mullets, 9d to 2s 6d each ; Plaice, 4d to i s eac h ; Halibut, e d per b ; Flounders, 18 Cd to 2s Od per d oz . ; salt fish, Od per lb. BREAD. The prices of wheaten bread in the metropolis are from 94 to 91d ; of household ditto, 70 to 8: d per 4 lb loaf. HIDES AND SKINS. Market hides, 561 b to 641 b, 54 to Od ; 641 b to 721 b, 51 to sid ; 721 b to 80th, 54d to Nd ; 801 b to 881 b, sid to 6d ; 881 b to 961 b, Gd to 60 ; 961 b to 1041 b, 644 to 644 ; 104th to 1121 b, Od to Od ; upwards , —4 to —4 ; h orse hid es, lOs 04 to Os Od ; Calf skins , light, 4s 01 to 5s Od ; ditto full, 9s Od to Os 04 ; Polled Sheep, 103 Od to 13s Od ; Kents, 8s Od to 103 01; Half-brods, 8s 04 to 10s 04 ; Downs, 6s to 7s 04 ; Shearlings, Os Od ; Lailbs,Os 04.. HAY MARKETS. SMITHFIELD.—Meadow hay, 21 lOs to 4/ Os ; clover do., 31 10s to 51 Os; and straw, 1/ 4s to 1/ 98 per load. A fair average supply, and a sluggish demand. CUMBERLAND. —Meadow hay, 21 12s to 41 48 ; clover do., 31 lOs to 5/ Os ; and straw, 1/ 43 to 1/. 9s per load, Supply moderately good. Trade steady. WHITECHAPEL. —Meadow hay, 21 lOs to 41 03 ; clover do., 31 lOs to 51 5s ; and straw, 1/ 48 to l / 8s per load. Both hay and straw sold slowly, at barely stationary prices. LLOYD'S SHIPPING.--(This Day.) LONDON, Feb. 7.—Wind this day at noon S.W.— Strong breeze and cloudy weather. PLYMOUTH, Feb. 6.—Wind W.—Arrived.—Marian M'lntyre, from London, for Calcutta ; H.M.Str. Mcgmra, Portsmouth, for the ape and Mauritius. FALMOUTH, Feb. 5.—A screw-steamer, painted flesh co lour, with ports, steering S.W., with 1085 of foremast, and funnel lyine , on the house aft, was passed on the 20th Jan., in 45 S. Also an English barque, steering east, with foremast carried away, short of provisions and water, which could not be supplied owing to the weather, was passed on the 30th, in 47 N. 9 W. DOVER, Feb. 6.—Wind W.S.W.—Arrived—Moses Tay lor, from London, for Madras, with slight damage. SOUTHAMPTON, Feb. 6.—Sailed.—Tagus (s.) in search of the Colombo. DARTMOUTH, Feb. 6.—Wind W.—Sailed—Harbinger (....), for Calcutta. LIVERPOOL, Feb. s.—The Elizabeth Backham, arr i ve d here from StDonningo, passed, on the 26th Jan., in lat. 40 lon. 41, the side of a vessel, painted dark green, of about 350 tons, and on the 25th, in lat. 48 lon. 25, what ap peared to be the stern of a vessel, with counter and knuckle attached, and spars above water, painted black, with a white ribbon. - - - .. - NEWPORT, Feb. s. —Wind S.—Arrived. —Agile, from London, for St. Thomas ; Marianne, Cardiff, for St. Tho mas. Sailed—Elise, for St. Thomas. (PER ELECTRIC TELEQRAPH.) LIVERPOOL, Saturday Morning. Wind S.S.W. Arrived—Ann Melhuish, from Paraiba ; Europa , New foundland ; Aurora, Rouen ; Vigilant, Ostend ; Moscow, screw steamer, Constantinople; Aden, Whampea. Minix, Feb. 6. Wind W. WATERFORD, Feb. 5. Wind S.S.W. Arrived"---Ada, from St, John's, Newfoundland. QUEENSTOWN, Feb. 5. Wind S.W. Arrived—Henrietta, from St. Stephen's; Elise, Man zanilla. (BY SUBMARINE AND BRITISII TELEGRAPH.) GRAVESEND, Saturday, 9.59 A.M. Wind S. W, ; 2i hours' flood ; fine. Arrived, Feb. 6.—Ann, and Elfrieda , from Guernse y . Arrived, Feb. 7.—Henry Reid, from New York ; Bel lona, Whamoa. Sailed, Fe p b. 7 .—Neilly, for Cape of Good Hope ; John Souchy, Tobago. DEAL, Saturday, 9.50 A.M. Wind W.S.W. ; fresh. ;a; Colombon f i o a r n d l 'f: C ) l r t:r ß l o i Passed—H. M.S. Dragon, from West, for River ; Ca naan, Calcutta, London. putting back to raff E b; l 3 p ay l i i! n ft s . t o o m n e L , 0 Belize; ndo n. Cosmos,ec h B o r ßa e ~d , , km — b Li fy d T -As i London in tow, having been on shore. The Reliance, barque, stranded at Viralmer Castle, is afloat, and proceeding towards Ramsgate in tow. The committee of Australian merchants met yester day, and decided to bring on the first series of public sales of wool on Thursday, the 26th inst. The quan tity arrived up to this date consists of 25,478 bales, viz. :-4,000 bales Victoria, 4 , 600 Sydney, 200 Tas mania, 800 Adelaid e , 15,500 Cape, .378 New Zealand and Swan River. the Times redressed of Wedsd by eahye REPORTING IN TUB H OUSE Or LORDS.—Thc grievance n t referred to und . er . this bear] in promptly h u a o s r , d a c s h w a e ia a b n er t i to t t i o n a . ted H , is lord ship was entirely ignorant of what had taken place until our paragraph met his eye, when he lost not ti moment in exerting his authority to sst the matter right by restoring to the reporters the room which he originally assigned to them, It would be unjust to leave this subject without tendering to Lord W. D'Eresby, on behalf' of the reporters generally, their thanks for the marked courtesy and kind feeling which he has shown on the occasion.-7iraes. WRECK oFF HOLYHEAD AND Legs or LIFE.—LIVER- F.JoL, Friday.—The ship Sulli, of Havre, Capt. Gtron ) bound from Bordeaux_ for this port ) was lost about two miles to the back of Holyhead, Island of Anglesea, yes terday, and out of sixteen of a crew (all foreigners) only two were saved from a watery grave. The captain and mate were amongst the drowned. LORD CARDIGAN AND MAJOR C A L THORPE. —Th e l ast mentioned officer, in a letter to the Times this morning, writesof as follows :—ln reading over th e speec h o f th e Earl Cardigan in the House of Lords last evering, as reported in the public journals of this day, I feel myself called upon to take notice of a remark ma d e b y h i m on that occasion. His lordship states that in a reply re , ceived from the author of "Letters from Head-guar ter,," he "admitted that two out of three of those allega tions were entirely devoid of truth." This I beg posi tively and entirely to deny, and i t i s strange that the Earl of Cardigan in his place in the House of Lords should give vent to such a "p reposterous fabrication. " I have before me . copies of all t h e letters I have ever written on the ettilect ) and after earefully look i ng over them I cannot discover a single sentence that could pos sibly be tortured into an admission that any statement of Mine is " totally and entirely devoid of truth." PROPERTY OF THE ROYAL BRITISH BANK AT THE AUCTION MART.—Yesterday (Frida y), at the Auction Mart, a second portion of th e l easehold property of the Royal British Bank was offered to publio auction by Messrs. Haslaut and Buckla n d, auctioneers, by direction of the assignees, in four lots. The lot first offered was the building No. 10, Tokenhouse.yard, Lothhury, for merly occupied as the chief Offic e of the hank, of the estimated annual value of 6501., lt, l,i for an unexpired term of 124 years, at the rent of 3507. per annum ; the auctioneer put it up a . t 2107., but could obtain no bid f or it. The three lots compiusing the buildings No. 15, Token house-yard ; No. GO, Llackman-street Borough, lately used as the Southwark branch o ffi ces • and No. 77, W es tminster -bridge-road, lately use d a s the Lambeth branch offices, were then se vera l ly put up, but no t so much as one hid could be obtain e d f or any o f the lots. The auctioneer expressed his gre a t surpr i se a t this re sult, and stated that under the cir cums t ances the seve ral properties would be sold by privat e con tract. About fifty persons were present durin g th e p rocee dings, and f r om the remarks made Y at the t ime it would appear that the want of success in selling any portion of the pro perty has arisen fr om the short terms combined with the high rents at which it is held. All 1.00 100 all 3 .00 .00 634 6 1071 1061 i 33i 41 904 90 FEBRUARY 7 , 1857 IMPERIAL PARLIAMENT HOUSE OF LORDS.-(YESTERDAY.) The LORD CHANCELLOR took his seat on the woolsack at five r.'cl.,ck. L.,rd SONDES presented a petition from a place in Norfolk, prpying for a repeal of the war tax. LAW OF DIVORCE. Lord CAMPBELL moved for a return in connection with the law of divorce. A very valual la paper had been prepared by Mr. Mac queen, the secretary of the Divorce Commission, which contained information of a very important nature respecting women separated from their husbands as re cognised by the law of France, Prussia, and other coun tries. It had been thought proper to extend the mea sures the Commission had recommended; and he believed that his noble and learned friend (the Lord Chanc llor) propos d to introduce a bill with the object of alter ing the law as regarded the separation of husband and wife. Mr. Macqueen had taken a great deal of trouble to ascertain the state of the law of other countries with respect to the law of divorce, and bad male a ver y va l ua bl e report foundrd upon the informa ion so obtained. In the report he had quoted the law of Franco under the el l rrgime, those under Louis Philippe, and al=o those of the prt sent Sovereign. It also noticed the codes of Austria, and particularly Prussia, which was most interesting to them as Protestants, who did not hel I the same doe trines as to the inhisselubility of marriage as were led by Catholics. Be therefore moved that an humble address be presented to her Maj,sty, praying that she will be pleased to direct that a copy of the report of the Divorce Commission, as prepared by Mr. Macqueen, he laid upon the tabl-, and that it be printed for their lordships' use. Lord BROUGHAM entirely concurred with his noble friend as to the expediency of having so valuable a document as the one in question placed upon the table of the house before they proceeded to the discussion of the measure to which his noble and l , arned friend had alluded. He must say that his opinions remained un changed upon the subject. The motion was agreed to. HARBOURS OF REFUGE. Lord RAVENSWORTH gave notice of his intention to move for a select committee to consider the propriety of establishing harbours of refuge on the north-uast coast. The Earl of CLANCARTY said that on Monday he should put a question to her Majesty's Government whe ther it was their intention to introduce a bill to regulate fairs and markets in Ireland. Lord MONTEAGLE was understood to give notice that on Monday he intended to move for the production of the correspondence which had taken place ri lative to the valuable collection of books that had been presented by Lord Truro to the house. CHURCH DISCIPLINE. Lord BROUGHAM inquired of the Lord Chancellor whether it was his intention, in the bill he was about to lay on the table on Church Discipline, to insert a clause which would enable the Committee of Privy Council to ask the advice of the Episcopal Bench on matters affect ing ecclesiastical discipline. The LORD CHANCELLOR said the bill which he intended to introduce would contain a clause to that effect. Their lordships then adjourned. HOUSE OF COMMONS.—(YLsTERDIY.) The SPEAKER took the Chair at four o'clock. The Sheriffs of London appeared at the bar, and pre sented several petitions from the L , rd Mayor, Alder men, and Common Council of the City of London, but their purport did not transpire. NEW WRIT. On the motion of Mr. HAYTER, a new writ was ordered for Hereford, i❑ the room of Sir R. Price, Bart, who has accepted the Chiltern Hundreds. INCOME TAX. Numerous petitions were presented against the pre sent assessment of the income taz. THE ADDRESS. Lord Ernest Bruce, the Vice-Chamberlain, brought up her Majesty's reply to the Address in answer to the Speech from the Throne. CONVOCATION. Mr. J. G. PHILLIMORE asked the First Lord of the Treasury whether it was intended to ad )w the Con vocation for the province of Canterbury to sit for any longer time 'I gir G. GREY said that in the absence of the noble I,rd from indisposition he would answer the question. It was well known that Convocation met under a summons of the Crown. They had no power to make canons or to confer for that purpose without an express licence from the Crown, and if any proceedings had taken place it was without any authority from the Crown, and without it they were invalid. The usual course was for Convo cation to meet for a few days, and then to be prorogued by the Archbishop of Canterbury. It wa3 the opinion of Government that the sittings should not be prolonged merely for the purpose of discussion--(hear)—and sup po,itg the Archbishop of Canterbury should fail to adopt the usual course, it would be for the Government to consider the matter and act thereon. (Near, hear.) WEIGHTS AND MEASURES. Mr. L. DAVIES asked the Secretary of State for the Home Department whether it was the intention of Go- vernment to introduce a bill ; and, if so, when, making it compulsory that weights and measures throughout England and Wales should be uniform, the loss from the inequality in the sale of corn alone being very great ? Sir G. GREY said that the law at present was suffi &era. The matter complained of arose fr..tn the magi,- trates, inspectors, and others connected with carryin ,, out the act, not taking the necessary measures for doing so. THE POLICE FORCES. Colonel BUCK asked the Secretary of State for the Home Department whether it was the intention of Go vernment to introduce a bill rendering it compuls3ry upon boroughs to amalgamate the police forces with those of the counties in which they were situated ? Sir G. GREY Bald it was not the intention of the Government to propose a bill for the compulsory amal gamation of the police forces. WAR WITH PERSIA. Mr. LAYARD, in consequence of the absence of the First Lord of the Treasury, postponed the following questions till Monday :—" Whether Feroukh Khan, the Persian Ambassador to the Emperor of the French, was now negotiating with Lord Cowley under the authority of the eame ful powers which he possessed when at Con stantinople ; and when it was the intention of the Go vernment to place the papers connected with the present war with Persia o❑ the table of the house." He, how ever, asked the Lord Advocate if any measure would be introduced this session for the union of the A berdeen Universities I The LORD ADVOCATE—Yes. EXPENSES OF THE PERSIAN WAR. Mr. H. BAILLIE asked the Chancellor of the Ex chequer whether any agreement had been entered into with the Indian Government respecting the expenses of the Persian war, and whether any or what portion of those expenses was to be paid out of the revenue of India ? Whether her Majesty's Ministers have admitted the claim of the Indian Government for the expenses of the last China war, what the amount of the debt waq, and why it has remained for so long a period undischarged ? The CHANCELLOR of the EXCHEQUER said that by arrangements made with the East India Go vernment the Imperial Government was to pay one• half of the extra expense of the Persian war. With regard to the claim of the Indian Government wit 'l re ference to the late war, it amounted to 593,000/. ; but as the Indian Government owed the Imperial Govern ment a larger sum, no money would have to pass, (Hear, hear. ) SAVINGS BANKS. Mr. WILKINSON asked the Chancellor of the Ex chequer whether it was his intention to propose any measure this session for the improvement of the system upon which savings banks are conducted ? The CHANCELLOR of the EXCIIEQUE was prepared to do so at an early day if he saw a chance of its being duly considered and legislated on. SUPERANNUATION FUND. In answer to Mr. E. COCABANI4. The CHANCELLOR of the EX;CIELEQUEII said the report of the committee would shsrtly be laid before the house ) and after that a bill would be introduced. THE FINANCIAL STATEMENT. On the motion for the adjournment of the house, Mr. M. GIBSON asked that the Chancellor of the Exchequer would present his financial statement at an earlier day than usual. The CHANCELLOR of the EXCHEQUER said that on Monday or Tuesday next he would state whether he could make his annual financial statement before or after the estimates. On Tuesday next the estimates for the army and navy would be laid before the house. PERSIA. Lord J. RUSSELL complained of the unprecedented course adopted with regard to the Address, in pledging the house to an opinion that Persia bad violated the treaty by taking Herat. That was a debateable ques tion, but could not be entered on without the necessary information. Sir G. GREY said the Government ha - I no wish to pledge the house by the wording of the speech, and to show that that was the feeling of the Geverumont Lord Pahnerston consented to the alteration on Tuesday. Mr. GLADSTONE said that two errors bad been dis covered since the agreement to the Address, too late to be remedied, arising from the buzz of members when it was read, and be urged that more caution E,hould be used in future. Mr. DISRAELI said he should proceed with his motion on the day he bad named relative to the income tax, but be had no wish to propose a financial scheme, or stand in the way of the Government in raising the necessary supplies. Mr. CARDWELL condemned taking a vote for sup- ply before the financial statement was made, and the estimates laid before the house. They were now review ing the estimates and taxation, and the precedents of 1845 and 1848 should be followed, and - they should know from the Government what was in their opinion the sum of money necessary for the coming year. Mr. MALINS said that the country had no objection to find the necessary supplies, and he thought they would have no objection to pay a double income tax, provided they did not avail themselves of the present act, but by a new and distinct vote. (Hear, hear.) The motion was then agreed to, and the Speaker left the chair. SUPPLY. The heuse then wont into committee, and supply was ordered to be granted to her Majesty in accordance with sidered by the other House of Parliament, and the Comm t e ar the terms of her Majesty's speech. matter underwent their full consideration when those mix. ol e ve u;s hi t o a i n ia c am e t s occurred. I have taken the liberty of recur. THE BANS CHARTER. ring to these events for the purpose of sue estin The CHANCELLOR of the EXCHEQUER- I e k e t o house that, inasmuch as the effects of the gcrisisgoftelth4; make the motion of which I have given notice for the ap- were very fully investigated at that time, there ima m , o p .l 3 o se u n t t to for m t o te e a t p o po r i e n in tm ye e s n ti t ga o t t e a th e e om ei pointment of a select committee to inquire into the opera sl perces of that per iod, or to do anything more than to tion of the Bank Act of 1841, and of the Bank Acts for Ire_ the act at that time, as shown iu the and Sc o tl a nd for 1845 ; and also to inquire into the law eider the ofoperationnthe end 1847 u ln p to te tl e ne is the e relating to joint-stock banks. In order to understand the s re u r e r , ts t of that period in estimating its general policy. ' The of d i he . co th m at peratiou of the two acts of 1844 i w t ill more justly engage the detailed attention operation of the act of 1814 it is necessary to go back to the peace. ' We hay© also bad ' of bullion for foreign sera , ' service. We ai l: i u e r d i : n o g g that reat e interval iportati o w l : time of bank restriction, and to consider the policy of the t w h a e r m te onetary system in some of the continental t a o ve e ead a transition from act proposed by Sir R. Peel in 1819. By that act the value have leaden arnuousTasee•at nco ie nt o r changes eo untri countries, of the currency was restored after a long period of suspen- v i g(ji! i f n or a silver currency. The sion of cash payments during the French war, and the cur which have substituted t t e aly, and France this rent y was fixed upon a firm and legitimate basis. The has led to a great increase in a, principle established by that act was the convertibility of failure of the silk crop , bank notes for gold at a certain fixed value, and I trust year importations of silk that the time will Deveraeome when that principle will bo from the East, and has rendered necessary in the ',exportation of bullion. All these a great increase called in question by this house or by the country. (Hoer, causes of the first magnitude, arid were disturbing hear.) The question has sometimes been asked—What is th e currency of this country 1.1 , nder y tl e i t we have found that the moaning of a pound-note? and it bas been thought the act of 1844 has remained in a seehthu)tielary influence of that some difficulty exists in finding an answer credit of the Bank has never for a moment been in that the and that it has not experienced any real or Preinasziuestn, to that question. But it appears to nee, with great defer- and in maintaining the lateen reserve of bullion wfiichffii mice to the various able and accomplished persons who have dy stated to the house. In estimating the effect discussed the matter, that no interrogatory admitting of a l o i f a lla a t lr a ' c a t I trust that the house and the committee more simple and satisfactory answer ever was asked. What . bear in mind that it has had no ordinary aellgc"u1.7,1;11.1; is the metering of a pound-note ?It is simply a promise to to contend with— (hear, hear)—that this has not been what pay on demand to the bearer, at the place where the note is is called a normal period; that it has not been an ordinary , state of peace, but that our currency has not been exp ose d issue 1, the sum of one sovereign. No mystery is invol ve d 1 to severe trials, and that ou t o f those trials it has in the answer to that plain question. A bank note is a pro- . emerged triumphant. (Hear, hear.) le ow, sir, having in wise to pay a definite sum in coined money of a known view the r enewa l of the privileges of the Beek of England weight and value, and if that promise is not fulfilled a con- for another period in the course of the present session, and ! the exp e di ency o f e ith er a ll o wing the provisions of the act tract is broken and a fraud is committed. I think therefore, , I of 1841 t o rema i n unc h ange d, o r of introducing certain it cannot be denied w ith t r uth that the convertibility of a amendments in those provi ions in the course of the autumn I bank note is a pl a i n ques ti on o f con tract, that it rests upon I placed my se lf in coinneunicatiOn with the Governor of the principles of honesty which must be recognised not only 1 Bank of England, in order that I might ascertain whether by every speculator, not only by every political economist, I he or his colleagues were of opinion that any amendments practically i he made in the existing act. Being themselves but by every man of plain sense and understanding; ,anuctei especially of day by day with the working of the and I cannot believe that the time will ever come when r act, of its restrictive provisions, they cannot any large, when even any sma ll por ti on o f thi s house, be considered as other than f a i r an d competent judges of or when any considerabl e p or ti on o f th e peop l e o f this its operation. With the exception of, I think, not more country will contest the validity of those principles. I can than one director, they have given their opinion that it conceive that a Government m a y overcome a t emporar y d e - is not expedient to make any material alteration in the fi elency by issuing for a time inconvertible paper, by dis- provisions of the act. I therefore, Sir, assume that the charging its engagements in promises to pay, which pro. principle established by that act—viz., the im g miees it does not fulfil, but I confess l ama t a l oss t o uu - of some legislative limit upon the issue of the Bank deretaiel the opinions of those persons who believe that of England, is taken as established. Those who contest the wealth of a eountry can be increased, and that the the policy of the act admit in general terms that P rin trade of a country resting, as it does, upon c redit, can be ciple. I may refer particularly to a gentleman of whom I benefited by the increase of mere promises to pay, which speak with very sincere respect, Mr. Tooke, the author of promises the issuer is not bound to fulfil. I trust therefore the well-known book on prices, which is a most valuable that the principle upon which the act of 1819 is founded, of economical histe ry of this country. Well, Mr. Tooke is a rue ' the convertibility of paper for gold, will never be seriously strong opponent of the act of 1841 . He proposes, it is true, contested by any party or person in this house. But in the a principle of limitation upon different data from those re course of time it was found that the act of 1819, although cognised by law , but still he is in favour of a restraint being it established this important principle, did not in all cases P ut u p on the discretion of the Bank. And l am unable to provide effectual securities for its enforcement. Excessive find that there is any considerable number of practical issues of peter were made from time to time by country persons engaged in banking or mercantile affairs, and ac banks, and although notes were always convertible by law, qv. Linton with the operations of the act, who propose to d 3 it happened in many cases, upon the failure of country away with all legislative limit, and to return simply and banks, that they were not convertible in fact. The credit of without qualification to the act of 1819. Well, then, if we the Bank of England was never in truth impeached, but it assume that that principle is granted, there are certain was contended that its issues were sometimes excessive, other points which are fairly open to consider a ti on b e f ore that its reserves of bullion were not always sufficiently gle at another period. It has been said that through the ,theindis privileges of the Bank of England are renewed for to support public confidence, and accordingly Sir R. Peel, c acting under the advice of a committee presided over by cretion of the Bank directors, or in consequence of the my right hon. friend the First Lord of the Admiralty, pro- operation of the act, there leas been an inconvenient posed in 1814 the act which lam about to ask the house to fluctuation in the rates of discount , and that that has refer to a select committee. The policy which Sir R. Peel been produced by circumstances which legislation could announced that he intended to enforce by that act was not have prevented. Now, sir, I must be permitted to state merely the convertibility of bank notes and the legal liebi- my very confident opinion that the Bank of England diree lity of their issuers to pay them, but also, by imposing err- tors are not answer able for the inequalities in the rate of taro conditions as to their issue, the provision of effectual discount—(hear)—that the rate of discount is regulated by secuenties against their depreciation. I freely admit that, in causes over which they have little control ; and that in raising and lowering of the rate of discount the Bank di proposing the restrictions embodied in the act of 1844, Sir R. Peel sought to establish a principle upon which the pre- rectors follow and do not lead. They are not the regulators eemption lay against him. He attempted to impose restric- of the rate of discount in this town. The amount of bills tions upon the banking trade, and I concur with those per discounted by them is in the aggregate less than those dis sons who hold that any one who seeks to impose limits and counted by private houses. They have it not in their power either to increase or diminish the rate of . discount. It is restrictions upon the banking trade conies forward with a something which is governed by a cause which is peculiar I against his policy, and is bound to establish a to itself. It does not vary according to the gore ral rate of strong case of expediency or necessity. In my opinion Sir R. Peel die establish a strong case. His view, I apprehend, the interest of the country, as some persons suppose. If was this when a bank such as the Bank of England is em- anybody will take the trouble to compare the price of Con powered , by the Legislature to issue notes, when those notes sols with the Bank rate of interest he will find that when circulate freely from hand to hand, when they are invested Consols remain stationary, when the rate of money lent by Act of Parliament with the attribute of being a legal upon real securities remains quite stationary, the Bank tender, when the Legislature, in fact, confers upou the bank rate of discount and the general rate of interest in this the town may undergo very considerable fluctuations. It is a say, p practically discharges the functions which whatever theorists may , ctions of money, the Le- mode of employing money which is liable to certain iefln gislature is justified in imposing certain conditions upon omens; it hss a territory of its own which is governed by the exorcise of that power. That was the principle by causes, I will not say independent of, but to a great extent 1 which Sir R. Peel justified the restrictions he imposed by unconnected with, those which regulate the general rate the act pf 1844. A subtle discussion has been raised on the of interest iu this country. I have before mo a very do question of what is money—whether bills of exchange and tailed account of the fluctuations in the Bank rate of die. count. It is impossible for me to read the whole of it to die commercial instruments of that nature are to be considered the house, but I will state what appears to me to be the money—whether the term should be confined to paper in struments such as bank notes, and whether even the title general result, which is that when the Bank rate of die of money should be refused to bank notes, being count is the highest the amount of bills under discount is legal tender. It would be quite out of place for the most part very large ; and when the Bank rate of discount is low the amount of bills under discount at the for me in a practical assembly such as the House of Bank is for the most part less considerable—a fact which Commons to occupy time upon the discussion of such shows that pressure is male upon the Bank when its rate of questions ; and, I trust, the house in debating this subject discount is high, and that far less pressure is made upon it will not think it necessary to go into questions of the when its late of discount is low. The result seems t o me inform theory o lion. f curren members a very with respe ct large collection of volumes to which I need scarcely clearly to establish that the Bank is not the regu l ator o f exists. But I may be permitted to say that it seems to me the rate of discount. If the greatest number of applications a practical question whether or no a banknote does not do- are made to it when its rate of discount is highest, it is clear serve the name of money. If a banknote enables a person. th it it is because the general rate of discount is high, that, of i desrous having their bills who is unknown, to offer wherever he goes in the country personsdiscounted cannot get a legal teeder without reference to his individual credit or more fay* stable, or as favourable, terms elsewher e , an d character, it appears to me that such an instrument de - L Bank of England rate is low the rate elsewhere may perhaps therefore they crowd to the Bank of England. Whe n th e serves the arne of meney, and practically discharges the same functions of sovereigns. If that be the charact er be even somewhat lower. The fact, I think, must be con of the banknotes issued by the Bank of England , a sidered as conclusively exonerating the Bank from the justification arises for the Legislature to impose such charge of having augmented commercial distress by their restrictions as the public advantage may demand on the indiscretion with respect to the management of the rate of extent to which such banknotes may be issued. Sir R. disdount. It shows that, whatever faults the present act Peel, by the act of 1844, for the first time placed on the may have to bear, it cannot be justly blamed for having discretion of the Bank of England certain limits with re - created any unnecessary hardship with regard to the thetas ,- spect to the issue of banknotes. The Bauk was by that act lions of the rete of discount in those times. The next ques restricted to the issue of 14,000,0001., represented by tion which ought to engage the attention of the committee securities, and so much more as might be equal to the is that of the precise limit which should be fixed upon the quantity of bullion in possession of the Bank. Beyond issue of notes on demand. The limit was originally fixed these limits the Bank of England under the present act is at 14,000,C00/. ; but since that time an order of Conn not entitled to go, with the exception of a small addition cil has been made, under a clause in the act, by which which I shall afterwards mention. The policy of the pet the Government is empowered to authorise the Bank ter of 1811 was, therefore, in general to impose such restric- issue an addition to the 14,090,009/. upon securities two- Lions on the discretion of the Bank of England as would thirds .;f the amount abandoned by the country banks. practically secure its maintaining such a reserve of bullion The additional sum which the Bank can issue in conse as should at all times be equal to the demands of the pub- quence of that order of December, 1855, is 475,000/.. ' • lie for the conversion of its notes into gold. I think a fairer therefore it is at p resent em p ow ered to issue notes the test cannot be taken of the practical success of that act amount of 14,475,0001. It has b een suggeste d t h at th i s than by comparing the quantity of gold held in reserve limit is too narrow, and that it might be increased or en by the Bank of England for 10 years prior to 1844, and larged, Now, sir, with regard to the point at which nu. for 10 years subsequent to that act. If the house should merical limits are fixed, it is very difficult t o g i ve an find that there has been a great increase in the average answer which shall be conclusively in favour of an y pre quantity of gold held by the Bank of Eugland in reserve else amount. (Hear.) When it is once admitted th a t a since 1811—if the house should find that the maximum limit is to be adopted it is necessary tolfix upon some sum at which the line shall be drawn, but it would be very quantity and the minimum quantity and the averages difficult to give a reason why it should not be a little more also have been greater, the conclusion must naturaly be arrived at that that act had accomplished the or a little less. In the case of a duty of ls., it would gene object for which it was designed. The contrast is so decided rally be difficult to show why it should be that precise and immediate on the change of legislation that it could atnount,.and not either ild. or 13d. In the present instance not be attributed in any considerable degree to an increased the amount of 14,000,0001. was taken as representing the supply of the precious metals, and of gold principally, in lowest amount to which it was thought the currency might late years. It was quite conceivable that, though the sup- descend, and I believe it has, in the operation of the act, ply of gold increased, the Bank might not have thought it Le found not an inconvenient amount. Those persons who desire to raise this limit to about 16,000,000/. have it, necessary to keep a larger reserve unless the legislative re- I apprehend, in view that such an alteration would enlarge stifiction, to which I have already alluded, had been in ope the issue of the Bank and the paper currency of the coun ration. I hold in my hand a statement of the highest, try by the amount of about 1,50 ON/. My belief is that lowest, and average amount of bullion in the Bank of Eng an extension of the limit to that evtent would have no land fymn the year 1834 to the present time, and I will read such effect—(hear)—but would simply enable the Bank to to the house sorry of the principal results. In 1313, the keep a million and a half less gold. The issues would not be leverage amount was 11,700,000/. in round figures, being increased, because they are already sufficient to meet the the highest amount during the 10 years prior to the act of wants of the trade of the country. In any measure which 1811. The average amounts for the other years were in I have now in contedeplation it is not my intention to pro -1831, 8,000,000/. (omitting all the figures after the millions), pose any alteration of the limit which is now fixed by law , in 1835, 6,000,000/. ; in 1836, 6,000,000 1 .; in 1837, 5,000,0001. ; iu 1838, 9,000,0001.; in 1839 reel 1810, and . which i In ay, in ru e n . d te nunbers be taken it. at 14,500 0001. admit that . is a subject fairly 4,000,000/. ; in 1812, 8,000,0001.; and in 1813, 11,000,000/. A within the tr i eo e n sit i re e rati ci on l of the committee, and I need not Well, in the first year after passing the act to which I have s that if I tun appointed a member of that committee I referred `the average amount of the bullion in the Back of shall a be fully prepared to go into the inquiry with England was 15,003,0301., and in 1855 it was 14,000,0001. the view of seeing whether any public benefit would arise In 1847, which was the year in which the average was from the enlargement of the limit. (Hear, hear.) There is lowest, the average amount was 10,600,0001., and the mini another point which is referred to in the report of the corn mum amount was never under 8,000,0001 . After that year d 'dittee of 1818, and which is generally mentioned in con the average amount rose to 14,000,0001., 16,000,0001., and ' nection with the policy of this act. I mean the • question in 1852 to 20,000,000/. In 1853 it was 17,000,0001., and in whether, as a legislative limit is to be imposed upon the 1851 14,000,000/. . Since 1843 the lowest average was discretion of the Bank with respect to the issue of paper, 10,600,000 1 ., and the highest 20,500,0001., whereas before power should not by law be vested in the Government to 1813 the highest average wa s 11,700,000/., and consequently despense with the restrictions and enable the Bank in ex the lowest aver Age since 1843 did not very much differ from traerdinary circumstances to depart from the provisions of the highest average before. These figures could not fail to the act. rf I co. ess that I am entirely hostile to any such pro convince the house that, assuming that the act of 1844 was vision. It appears to me that not only is the Government to increase the average reserve of bullion in the Bank of d enntewere , lint it is required by the maxim "Salina po- England, that object had been very completely attained. p ili supra= lee"—by the duty incumbent upon all govern- There is another part of that act to which I must meets to interfere at all critical moments—to depart from felvert briefly a separation of the issue and bank the provisions of the law, and afterwards to come to Parlia ing &pal talents was then effected. That separa mem for an indemnity—the course which was taken in the tion was an eesential part of the act of 1814, and was oar 1817. In support of that opinion I will take the liberty then introduced for the first time. The effect of that sepa- y ration is, that the accounts of those two departments are of referring the house to a remarkable precedent in the year 1797 on the occasion of the Bank restriction, thePi kept separately, and that for practical purposes, while the management of the Bank proceeds in its ordinary manner, consequence of the demands which were made.upoenle Bank for foreign loans and for the military service f the other. two departments are managed independently of each the commencement other. With respect, however, to the legal effect of the year, the bullion in the Bank was at The demands; of the year 17'37 reduced to a very act of 1844, I may as well in passing state,—though itsa not ebb.low ofbullion diminished certainly aj practical question,—that, in the event of the upon the Bank increased ; the reser ti v_e at the end of a certain during the month of Februntry,u 1 insolvency of the Bank of England,—a contingency notfoundethat matters had become that month it was but Mr. Pitt very likely to occur,—it is held by those most competent to week in sitting at the time, form an opinion on the subject, that all the creditors, both urgent. Parli au i e en s , " was sitting that, after communicating thought the 'San - p note holders and depositors, would have equal rights and Bank authorities on the Saturday, he convened a with the Bank the qunday. On a certain Sunday in the month equal claims on the general assets of the Bank. In such a contingency the funds of the Bank would be considered as ()Council on Feb., 1197, an order in Council was agreed to, restrain one, though, for the practical management of the Bank, lifietließank from paying in specie ; and on the following and for the purpose of measuring its issues, which was the e d e g Monday, Mr. Pitt brought down a message from the object the framers of the act had in view, the separation of Clown informing Parliament of the step which had been the two departments was made. I now come to the effects of .taken,aand explained it to the house. 1 thi n k th a t prec,ce this act as developed in su cc e s sive years since its P assin g ; dent, ane legality of which has never been questioned, el and, fired, I will venture to call the attention of the hole th o ugh the policy of the Bank restriction has been much to who emeee in 1847. In that year the operation r o e t s t o n o ; disputed—an example set by Mr. Pitt, who was VO • ear • act under went an important trial. Commercial_ t eld-jeand the fill of constitutional preeedents—must convince the house a very aggravated kind was then experience.); sure for that there does inhere in the executive Government a Bank of England was then subjected to a heavy e 1 n i ce and (IN- power of meeting emergencies of this kind which .. they are the pnrpoee of inducing it to exteud its a+ va h . n.t).l. iced by t e lir i , called upon to exercise upon their • over painful that responsibility may b responsibility, how counts. The Bank found itself rostra , the Government on tions of the act of 1844, and applied twoht,r for London, was Peal's to me that it will be better to leave the e ;andt tt% d spatter in . the subject. The noble lord, the ru t e lesd the present First state than, by attempting to allow discretion by the ant then at the head of the Gover:nen lu P a c tion which I have tho itself, to conifer upon the executive a Government a danger- Lord of the Admiralty filled theteSrl f much deliberatioe they ones power of at any timeinterfering with its operation. honour to occupy now; and Bank of England to increase Therefore, although I fully admit that the subject is one issued a letter authorising the and assuring the which may roved severities, its advances sweat app led to any infrinement of try, by this committee directors that if that course 1 . t • d vis th would apply to Par iamen fors n iin men vi e° thorn to recommend. Therefore, the course which lam Government the act were never infringed, preps' ed to adt is this, subject to any amendments of the However, the provisions of co nsideration, England never being called on to extend law which the . . committee should suggest for the eta Bank of settled ' beyond the limits its issues a bill renewing the and the Government were . never necessitated, cones- Proper season, be prepared to introduce a pply to Parliament for a bill of intim privileges of the Bank of England for another period of 10 quently, to 1 on themeeting n. to the Bank of Ireland, pity. Noverthe eTs, that country a d • n in committee of inquiry into the matter was proposed, and the and the operation of the act of 1845 in subject underwent a full discussion iu this house for seve- Scotland. The Bank of Irelandpeculiar )1' • Possessgs no I eve cor orate charac ral nights. A committee, composed of some of the ablest loges; all that it seeks is a renewal of its . p members, sat and examined witnesses, and came to a report ter, together with the removal o e f n restriction imposed upon t o which I will refer. The committee reported as follows • it by an act passed in the reign f G i g i.ij l 1 ., which seems e Your committee have had. under their consideration ito rue quite unnecessary—veto, a sii; j o i l e anon against the whether it is advisable that powers should be conferred b y le I ding of money upon mocr i ge. Bank of England i 3 empowered by law to . e . , s t es Ice moneY upesu real securi law upon tine Government to enable them to meet the occur- tier which power it exeici. up to a certain limit. It is rence of any circumstances which may call for extraordinary well known that loanstupon real securities are not in gene interference ; but they have come to tine conclusion that, ilt prudent investmen ti for a Bank. The Bank of Ireland looking to the possibility of f • oreseemg what the precise cha dues not wish to exercise this power to any large amount. ratter of the circumstances may be, and also what may be They seek relief from a restriction are now to which they easenable the measure best calculated to meet them, it is more expedient d" e •' nd the demand subject, seems to me to be ect 'd ,' ided that the amount sho a uld lend in to leave to those with whom the reeponsibility of the Govern- one provided that . which they With regard merit may rest at the time to adopt such measures as may aP- such a manner should be limited b the act. pear to them best suited for the emergency. Your commit- to the Scotch Banks, I have commaicated with the three tee, therefore, after a careful review of all the evidenbe, are tore of the six priucialtoint-steck banks in Scotland, with of opinion that it is not expedient to make any alteration in the view of ascertaining - b they whet er can suggest any received from theta the Bank Act of 1844." f alterations in the law. I have not . do not find that the opera- A committee was also appointed by the other Sense o any material suggestions ;Ind Parliament, which did not, I, believe, recommend any tion of the act has been complained of, I have now called was Con alteration of the act. The question, at all events, 10. 100 100 100 100 2s6d 954 5 79 i 106 i 82 i 53§4 85 4 18 61 i 1100 100 100 100 tof 12. 12i St. st. 12i St St. St. St. 100 100 100 100 all t 1 3.00 ilOO 100 all all all 106 1(0 all 100 100 all all 1112