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

MONEY MARKET AND COMMERCIAL INTELLIGENCE. CITY, Two o'Ccocir. The Liverpool Cotton Market yesterday closet Without animation, but prices were steady. The sales amounted to 8,000 bales, 2,500 of which were taken for export and speculaticn. 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 C3lll - bills bad to be paid off. with regard to the bullion, movement has been chiefly caused by the reflux of gole coin from Ireland, ai the receipts of specie have lately been 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show a falling off, but the expected arrivals from the Australian colonies will no doubt soon replace the sums recently withdrawn to the Continent.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 10,139,976 23,694 3,401,606 Bullion ----- Increase Rest . Increase Public Deposits Increase Other Deposits Increase Seven-Day and other Bills 806,940 Decrease Government Securities Decrease ' Other Securities Increase Notes unemployed Decrease The official return of the exports of the precious Vietals from tho port of London for the week end ang Thursday last is as follows : Gold Coin Belgium ... 3,000 OM. lv ' er Coin Mogadore ... 4,000 Oz.. There is no diminution in the demand for dis counts, the market during the last few days bay ing been exceedingly tight. This continued incon venience creates much anxiety y ascertain what course will be taken by the Government with re gard to the currency. Although Sir G. C. Lewis fit, evening intimated that no alteration is pro- Posed, the remarks made by those who followed biln 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 hag, nevertheless, preserved its characteristic steadiness. A further sum of 20,000/. Was taken away yesterday, making the total for the 'week about 130,000/. to 140,000/. The market for Public Securities to-day has been extremely dull, and a heavy tone, resulting in a decli ne of per cent., has been apparent. Sol& sales have been effected, but the operations have 11.0 t been of importance. • Consols for money atter being 92i to 93, officially closed at 921 ; while for account they were 93i I, and 93 The New 3 per Cents, were 931 the Reduced 93k and Ex chequer Bills par to 3s. premium. Bank Stock 216 to 217 1, Only about halff - a dozen bargains were recorded hi the Foreign Market. Turkish 6 per Cents. re alised 931, and the 4 per Cents. 1001. Russian small Bonds were 97. Spanish Deferred 23k, and trazilian New 41 per Cents. 971. The following are the nominal prices of Foreign Stocks :—Grenada Deferred Bonds, 61 7 ; Mexi can, 21i 22 ; Peruvian, 77 79 ; ditto 3 per Cents., 4 4 56 ; Portuguese 3 per Cents., 43 5 ; Russian 6 per Cents., 108 10 ; ditto 4i per Cents., 95 7; SPanish 3 p er C en t s ., 39i 40 4 ; di tto New Deferred, 43 i ; ditto Certificates, 64 ; ditto Passive, bi 6. PP ~ There is very little change to report in the Rail- 1 2 0 0 Way Share Ma r k e t, an excee di ng l y l i mited business 14) has been transacted. Great Western and North- —.- Eastern Berwick declined 55., and North-Western, 100 h. 6d. Edinburgh, Perth, and Dund ee , L anca - 18 shire and Yorkshire, Brighton and South-Western 18 Were about 5%. higher. The East Indian have Proved about 10s. Grand Trunk of Canada, Dutch, too Rhenish and Paris, and Lyons were a shade lower. 100 Briti s h an d F ore i gn M i n i ng Sh ares h ave been 20 quite neglected, and prices are unaltered. 20 Joint -S toc k B an k and Mi sce ll aneous Shares h ave 20 been 2o moderately a c ti ve , an d p r i ces h ave ru l e d s t ea dy. 20 _ U nion of Lond on i mprove d s s. N at i ona l Discount 2170 un nPaily. Crystal Palace, and C ana d a G overnmen t st. 15 Per Cents, realised former values. 20 100 B RITISH lIINDS THIS DAY AT ONE O'CLOCK. (From the Offimal List.) k Stook :tngint , .- l'onle Ilett 2164 . 3 Per Cont. R educed Annuities 934 i l6 17i 0 nor Cent. Ocuesuls Annuities 93 21 / New 3 per Cent. Annuities 934 , 4 4 i '1441/24 per Cent. A nnu iti es Lo ng Annuities, expire sth J an . 1860 2f 'eneols for A C.lollrit . 91 1 &chequer Bills, 24d. V.1000 enial2soo 3 p par l 3 ppar Ditto Bonds, 1858, 34 p er C en t - 98i i Ditto, 1859 P ItIORS OF FOREIGN FUNDS AT ONE O'CLO ( K . Brazilian Bonds, 5 per Cent. — Dittolierf, 1852, 44 per Cent. a usaian Bonds, 1822, i; St., 5 per Cent — Ditto, 44 per Cent. — Ditto Sntall 13 1 3 'hhh Reeds, 3 per Cent. Ditto N ew Deferred 3 Ter (An'. Turkish B on d s 23i , 6 . pe . r cent 931 Ditto'Account .. . ......... . Ditto Guaranteed, 4 per Cent. . . Dividends on the above payahl . O .... ....... n. • Consols, money ................ TWO O'CLOCK. ............. 92i Ditto Account ..... .......... . ......... 93a elin o ASSOCIATED SOCIETIES, EDINBIIIIGIEL too of an honorary P r esident o f th ese societies k Place in the University of Edinburgh on Wednesday, Th e can _ didates were Sir J. M'Neil a n d L or d J. Russell. The contest was remarkably keen ; and at the close of the poll Sir J. M'Neil was elected by a majority. The re sult, we believe, was mainly due t o th e i mpression 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 4i per cent. per annum, and that on York and North Midland stock at the ra'e of 3i per cent, per annum. 100 100 100 100 S MITHPRIZEMEN.—CAM,BRIDGE, Friday N ight.—Th e great mathematical prize of the year has beenth F isd eh ay adjud ge d as under :-1. Savage, Pembroke. 2 . in Queens. Those two gentlemen were at the head of the tripes in the B.A. examination just over, but the mutual relative p os i t i ons the then occupied is now reversed in y f avour of Mr. Savage. this Penren OP S. PANCRAS.—Yesterday the vestry of OF voted a rate of 130. in the pound. , EAST SOSSRI ELECTlON.—Ap reliminary meeting o f the friends of 3,1 r J. G who has announced himself as a candidate f or retiremen t of Mr. Fr ew e n, Eastu;sex, was held yesterday a Brighton. A strong opini on on the was expressed that if proper exertions Were m ade , Mr. D o d son ' s return would be certain. viz ial information has again been g iven in Vienna tb at all • those political refugees who de mand pardon of the Emperor will receive it, and bepermitted to return to their homes. The Weekly Register states that "the telegraph omanist paper) of yesterday ful intelligence that Ar fronlßome brings the pain- Wilberforce is in great ' (forme rly dan g e r Archdeacon) Robert Albano, having been removaendger, from gastric fever, at Ecclesiastics, where he is thither f rom the Academia the Catholic priesthood." co mpleting his preparation for MIIVICS.,--During the week a done, and more in high priced goodeh brisiness has been than vable last week, in fact, m any of a t r a s hares noticed as having been largel small shares we Maintained their prices. South p Y ra d n e c a e lt in have not been mostly in demand, and have advanced ehares have 360, 370 ; the cause of this is owing to a fr om 330 to the 104, west of the cross-course, a n d di s coveryh in have often pointed out, the value of cross -cuts i t at we' appear from the 104 upwards the lode had t;eenwould west of the cross-course, but by drivin g a little norfhlr the 104 the lode was found, and the inference is lad b een missed in all the levels above. that it Thi eanly import an t to South Frances, but the miness is not particul ar l y West Frances and Grenville. Basse west, to 302 i, th e dividend declared at the meetin g was Si. t, 300 per share. Alfred Consols paid a dividend of 9s. Aare, per are, and th e next is, expected to be larger to 23.—frlim ; shares , 22} ny Jour na l of (Ms clay. TRJ SUN, LONDON, SATURDA,_ y RVEN IN G, FEBRUARY 7 9 1857. SHARE MARKETS.—(This Day.) RAILWAYS. Paid.l R ATLWAYS. Cloiing Prices this day. Basiners done this day. 954 5 79 a 65; 6 hr iPaid It. 100 it. 100 :5 all it. 100 5 all It. 100 St. 100 25 all 50 all 25 all l2i all l2i all 20 all Ss. 100 LO 54 5i all Buckghamwh. Clydesdal, Jc Col. Stour Vy. E. Lin. g. 6 pc. E. Un. H. SI!. Glas. Barr. & t r H G l)N l u o s e. l t l i r iN . & l 6 s wp D e n' i l .r b .e y i c. i Do. Shares. Do. Shares. Lon. &Grceuw Do. Preference Lon., Til., & S. Do. Bark. Sh. Manch. Bxral and Matlock Midld.Bradfa Newmarket Bury E. G.spe N.& Est.sp.c. Do. 6 p -r ct • Do. Fixeds p c Prost. & Vy yte Do. Shrs. A Roystn.& Hit. Shrews. &Her B. StafTordgh. WearVal.g6pc Do. Wilte S )rare tlO L.&N.W. Calodon... MU &MC Gt. Nrthn E. Count. Caldonian 96 - 99 98 - 102 11 - 13 133 - 136 4 - 4i Do at. - 'irnst.T; Y. NM Do Do 1109 —lll 'l3. Easter, illo 12i - 13 23 -24 108 - 110 - 1p 92 2i - 2i -- Peto & Co Do L.& N. NV & Midland 1 En. Conn. E. Count. i 56 - 58 IP Do Do L.&N.W Do 132 —13 b Gt Northn T. Brassey M. hfel ean Stk.&Dar. De ..... ...I 9 = .9 GtWi 33 - 34 88 - 90 !E SHARES. 7 ii - 98 • •• ..... 41 - 01 - 10 - Business this day - 12 - 121 .64 ""' • ••• • ••• ...." • ••• ..... • 1 . 971 7 x d IMPERIAL PARLIAMENT. HOUSE OF LORDS.-(YESTERDAY.) The LORD CHANCELLOR took his seat on the woolsack at five o'clock. Lord SONDES presented a petit 7 on from a place in Norfolk, praying for a r, peal of the war tax. LAW OF DIVORCE. Lord CAMPBELL moved for a return in connection with the law of divorce. A very valual le 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 Cbanct llor) proposed 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 made a very valuable report founded upon the informa'ion so obtained. In the report he had quoted the law of France under the ell regime, those under Louis Philippe, and al , o those of the pre sent Sovereign. It also noticed the codes of Austria, and particula►ly Prussia, which was most interesting to them as Protestants, who did not boll the same doe trines as to the indissclubility of marriage as were held by Catholics. He therefore moved that an humble address be presented to her Majesty, praying that she will be pleased to direct that a copy of the report of the Divorce Commission, as prepared by Mr. Macqueen, be laid upon the table, 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 learned friend had alluded. He must say that his opinions remained un changed upon the subject. The motion was agreed to. HARBOURS OF REFUGE. Lord RAVENS WORTH gave notice of his intention to move for a select committee to consider the propriety of establishing harbours of refuge on the north-east coast. The Earl of CLANCARTY said that on Monday he ehould 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 relative to the valuable collection of books that had been presented by Lord Truro to the house. 4* - 4 s 9 65 - 57 93 - 95 62 - 63 35 - 36 ••• ••• .... 1,1 ••• ....' ~ ••• .... el tat 18 - 19, 9 t f! 40 - 44 29 - 31 8 - 91 1 95 5* -5! ... - ... 3 4 - 35 92 - 94 7 - 8 93; - 94 78 - 80 123 - 125 111 - 113 65- 66,j 67 72 5i €4 5 - ChP 96 ! 97 d 7 107 -- 1 08 106 -. 106 i 201 - 214 101 - 109 1106 ,- 107 , 34 - 34, ... """- ...0 82 - 82. 53 - 55 .« - .., •s• „ 13i - 14 54 - 56 3 i - Si( 39 . 40, 84i - 85; 41 - 4 3 - 28 17i -18 i 60j 61 98 • - 102 4,i - 4id 1 74 8 10 11 2T 28 - 106 108 24i 25 70 72 49 61 2 17. 18. 731 741 84 85 5 3 d 5 3' 12 14 39 41 .•Il at, Atlan. and St. Law. 9 Bombay, Baroda, and Cen.lndia, g. 5 p. c 1 101 Buffalo v Lake Hur. 100 Buf., Brut. & Godch. 100 lip. c. bds.,l Aug.,'72 100 Do. do., 1 July, '73 100 Do. do., 1 June ,'74 2s 6d Calcutta and S. East. ss. Centtal Onde 2s. Oude (Limited) 10s. Ceylon A shares 1 Do. B. do all I 9eitiorrtra 2s. Eastern Bengal 190 East Indian 1 15 Do. C Shares all D 0.4 ail Do. do. do., '59, do all Geelong k Melbourne guar. 5 per cent... 100 Gd. Trunk of Canada all Do. Gp. c. Deben. all Gt. In. Pen. g. sp. c. 4 Do New, guar. sp, c all Gt. Virt.sturn of Canada 8 Do. New 'sit Do. 13ds., payable '5l all Do. do., '76, p. '6O all Do. do., '73 do. all Do. do., '73, withou. option.... all Aadras, guar. 4 p.c all Do. do., sp. c. 10 Do. 44 p. c. E x t en 5 Do. 3d Ex.. g. sp. c 5 Do. 4th Ex., do. 5 icinde, guar. sp. c. All D 0... ii 2 26i 7 - 9 2 - 3 5 - 54 7 = -6 BRITISH POSSESSIONS. I - i 95 98 93 98 94 96 94 96 par 1 : ii 103 - 110 11.... lip 21.} -21 i 50 - 52 81 83 201 - 21 - 241 - 24 - 211 99 - 100 118 - 123 118 - 123 108 110 19t 19i1 21i 22 id pal - I r - 2 r, '-'-' ... FOREIGN. all ;Antwerp k Rotterdam 14 I Ardennes all fiolgian Eastn. June. 16 Remora to Graissess t aii Canneaus & Toulouse Coal ➢iines and Ry 12 Dutch Rhenish all Eastern of France all r)o. New 2s. Euphrates Valley .••1 18 'it. Central of Franc e 17 t4rect Luxembourg 4 Italian Junction all h'.ke Coast. & Basle all Lierre and Turnhout 6 Lombardo Venetian. all Lucca & Fist. sp. o.p. all Lyons and Geneva all Lyons Cs Moditerran. all Stark Antonia ....• all Do. do. New all Namur de Liege all Do. do., Ep. c. Prof all Northern of France all NorwegianTrunkPref all Paris and Lyons all Paris and Orleans., 7 Recife & San. Fran , (Perham,) g. 7 p. c 7 Rome and Frascati all Royal Danish ..... all Royal Swedish ..... all Sambre an d Meuse_ all Do. 5•1 p. cont. P ro f . all Southern of France. all West Flanders. all '... all Do. 6 N. pe r c. Pro f. ,. & .W. of Franc, 6 Western of Austria._ all West. of Switzerland all Wiesbaden all Do. 8 per cent. Pref. all Zealand ....... . JOINT-TSOG. 0 i all INustralasia 5 I 18illiank of Egypt ... 50 Bank of London all sri. Col. Bk.&Ln. C iritish N. Araericat 6 Autd. Buk. of India, Australia, & China 100 40 50 20 100 100 100 20 50 City 25 Colonial 20 Commercial of Lend all gng.Scot.&Ana.Cht all Loud. Clout. Bk. of Australis all ,)itto New 20 London and County 50 Lnd.&E.Bnkg.Corp 10 London Joint Stock 20 Loud. kPr estminatel 35 National Pro.g Eng 10 Do. New 24 National Bank all Now South Wales an Oriental Ilk. Corp 15 Ottoman Bank 25 Provincial of Ireland I all i li t l l 7 :l io n 'T n s o o ß wl f 1 1 :G us o t r: all Dio:::oAvfnetralit. 10 Union of i]On-11" 50 Unity Mutual °n 50 We 'terlißk of Lond 1} 2 ~ -- 44 5 d pa 314 —3 2 r 9§ 104 Par 4i p 4 51 - •M .."" •• • 6 - Op iii :: 36 - 19 - 19 36 -36 i 9 - 9 53i -54 i 53 -- 55 id- it pl 18 - 20 - 1 8 -84 - 1) 41 - 10 32 - 33 4 - lip .•• ." it , • , 41 ... !K BANKS. 94 .--- p ar p •• • ""' v.. 1 4 - 1 66 63a ••• '''. ••• 18 -18 i 18# 18} -18 i 17i - ... -- ... • • -- ... e. owe .., . 48 5 0 37 38 1 d am. .4. NM ..... 1104 OM - 63 7 - 9 11 9 d 6 d LINES LEASED AT FIXED RENTALS. RAILWAYS. Leasing Compans. Closing Prices this day. PREFERENI all Blythaud'lyno Atepu. a. pref. (iasd.at so 100 Brie. & Ex. 4p.c. St 5 Do. 4 p. c. Shares 10) Caledn. £lO 44 p.c 100 Ches.&llo.sl er e 100 Do. d 0.5 per c. all Cork &Bandonslp.c all Dun.Prth .(St Aber. J. 2 E. Anglian Cls. ASh 100 Do. ch. Cle. B6p. c. 100 Do. de. Cis. C 7p. c phs.oo.Er,ggeNc 1 a'l Do. No. 2 . all Do. New 6 g. a. St all East Un., G. 6 p. all Do. 51., 10 por cent all Do. 101. Debentr.Sh all Do. do. 4 per cent.. 100 East Lanca , -1.6 p. eta all E. lrW. York. J. sth , 5 Edin. & Gl. 5 p.c. sh 100 Ed. Prth.&Dun.4p.c 100 Furness, S P. c 100 Glas.&S.W.G.sp.c 100 Groat Northn. sp. c 100 Do. sp. a. Redeem. at 10 p. c. prem 100 Do. 4i p. c 60 D 0.5 p. c., Red. at 1 p. c. pm... .. ... . all Gt.N. of Scot.latPre 100 Gt. S. &W. (Ireland 15 Do. 4per 0. Prof. St, 6 Gt. W.(B.&H.Exspe 100 Do. con. red. 4 # p.c. 100 Do. con. red. 4p. c. ;t. 100 Do. irred. 4p. C. it. 100 Do. sp. c. red. pref all Do. Birm. Pref, Sh.. all Do. Chester Bp. c.P.` all Do. do. 5 p. c. do.. 100 Do. Birm. Chia. Sa all Do. Ches. Qua. Sh all Do. do. do all Do. do. d 0.... 100 Lan. &York. .6g. c Stool 100 Lon.&B. 0.5pc.N0.1 100 Do. P., spc. St.No.2i 100 Do. New Guar.6 p. 100 Do. do. sp. c.,N0.4 100 Loa. &N. W., Coe. ix Nuneaton 5 p. et. 100 Lan.& S. W. 7 per ct late 3d Shares all Llndy.& all Londy.& Ennis. 10 , 11.,5.,& L. 6 pt Cent 44 Do. do. do. £6 100 Do. do. 34 per cent. all Mtrypt .& Carl 4;- e all Do. 44 per cout 104 Do. do. 100 \lid. Consol.B p.c St 100 Do. Con.Br.?tir. flpc 100 Do. 4i p. c. Pref. t 100 Ditto L. &H. Prof. St 8.0 New., Aber., drc., pr. 5 p. c. red. 5 p.c. pm. 6 Do. Perpet. 6 p ct. all Norfk. Deb, 4 p.c. sh, 100 Do. 5 pc. Ext.,18461 100 Do. 5i perc.pf ,18471 100 Do.Wv.V.S ?c.,18471 100 North British 33 Do 7/. Preference WO N. E. Rerw, 4 p.a. P 8i Do, do. do 13 Dc Leeds6p.csNcr.l 9 Do. do. QrF.,1848 10 Do.Yorkll.& S. Pin all North Staffordshire 100 Ox.,Wcr. 6 er ( cut., Ist guar. 100 Do. 6 p.c. 2d guar.,l al! Scot. Cent. ,New Pref 1100 Sc.N.E. Aber. g 6 pc 100 Do. d0.,7 p.c. pf. st. 100 Doorlo., 3i p.c. pf. at all South Devon all Do. fixed, 4,i per cent all S. Easte rn (Roadluv _ - Ann.) of Xi Os. 6d: ICO Do. 4i per cent all Do. Fixed 4i g c sh 100 3. Wales Una. 4p. o 100 Do. do. 44 p. all 4.Yorksh.4p.e.Onar all itock.& Dar., sp. c 15 Do. do. do all ilotk. & Ilartl. g. r., p. c. till July 1,'56 all Waterfd.&Kilk.6pc • •• ~ i*6 _7s • • • ..' •I - 16 Ll 2 - 114 .03 - 105 62 - 64 9 1 - 10, s. 6 - 93 - 95 - . . 83 - 8 . 5 99 - 101 10 - 10 16i - 17 1 1 0 - 75 - 77' 1 9i - 20 9 i - 104 141 - 154 ~ - ... 135 - 138 114 - 117 - 161 ••• ..-- ••• i ••• I 6 ° ...• 68 137 - 99 - 89 - 11 - ••• ••' ... "..- 103 -105 93 P 5 if i d .1 - A. 4 1111 - 113 113 - 116 105 - 110 65 - 70 16i -17 t, 23 i - 24A' 102 - 105 14 - 10 27i -• 28i 2 - 3p i' ••• •-• •.. 1 21 - 3k BRITISH MES. 0 12 !Alfred Cons. (Phi 14 ;British Iron 20 ICondurow (Omani.) 1 Dev. Gt. Coals. (Tay.) 14s ^ Great South Tolgus 1013 i Grt.W. Alfrd. (Philk.) 7 !Grt.W. Vor (llelstn.) BsCelLady Bertha 71 N. Frances (Illogan) N.W.Basset (Illogan) 6/ 15 North Wheal Crofty 1i Par. Cons. (St.Blaxy) 9 Porkellis U. (Wend.) 6s. Sort. Cons. Min. Co 24 S. Caradon (St. Cleel 2 S. Cain Brea (Illogn. 19 S.W. Frances(lllogn. 4i Tam. S. &L. Min. Co 9 Tin Creft 40 lUn.Mines (Gwenual3 1256 V. of Towcy (Camar., 1? ; W. Basset (Illog,tn).. 20 W. Caradon (Liskrd.: Wh. Basset (Mogan.' 5 Wh. Buller (Rdruth.! Wh. Edward(Calstk.' 11 7s Wh. Kitty (U. Lint.' 8 Wh.3la.Ann(Menht. l 4 Wh. Trelawney (Lis.! 22 -- 23 7i -8, 155 -- 165 150 -- 460 151 -- 16.! 12 -- 13 6 -- 6 1 -- 1i 19 -- 21 35 -- 36 6{ -- 7 23i -- 24; 9 -- 10 1; -- 2 340 -- 350 8 i 6i 350 360 1i -- 'A 3i -- 41 210 230 36 -- 37 1471 -- 152} 395 -- 305 270 -- 290 4 -4% 14 - 15 - 41 0 - 23 MINES. 2 1 1 - 3 - 3h 16 - 18 id p 55 57 12 14 i id 71 81 ld p 2 - 24 3~ - 4~ EOUS. FOREIGN 7 I tustralian. 27 qrazilianlmp.(issne. at £5 pm.) all Do. Comes Ar. Cuiab 15 Do. St. John Del Re , •Jlarendoe Cons. Mir. Co. of Jamaica all Oobre Copper ..... 16 Copiapo all goitnna all 4oncaal all r.onares. 1 imsitanian ail rtariquitn. ••••• all low Granada _ a'l fortvean Monde 1 Port Philip 15i iantiago de Cul a all 4onth Australian..,. all Do. Scrip. a 1 IDo. 10 per cent Pro rinitA WAyi‘ an MISCELLA 19 Austra Tian Agricult. all Australis Royal Mail all Berlin Water Works 40 Brit. American Land 32 Canada 100 ;1. go.6p.c. Jan&jaly 100 Do. 6p. c. Fob & Aug 100 Do. 6p c. Mar SD Sept all Copper Min. of Eng all Do. Pref. 7i p. cent all Crystal . all Do. Preference.. all Crystal Pal, of Franc, Duston Iron Ore • 18 Eastern Steam ,100 Electric Telegraph all Electric Teleg. of Ir all En.. 4Aus Cop Sm Co 10s. Eur. & Ind.Jetn, Tel. all Gen. Ir Sc Col (lira.) 14 Gen. Steam Navigat '5 London Discount all Lond. Gen. Omnibus 10 Magdalena St. Navis all Mediteran. Elec. Tel. all MexicankS.Aracricn 5 Nat. Discount C 0.... 5 Do. N ew 5 Net: Land... all Do. Do. all Do. 8p c P iFIS at 1 d 1 Do. 80 New B. dr N. S. Land 100 N.S.W. Gov. sp.c.D. a'l N. B. Autralas' an_ 1 7i Nrth. of Europef. team all Oriental Gas .. ss. Do. "New Shares all Peel Rr. Ld. & Minrl., all Peninsular& Oriental 10 Do. New.,,,, all Rh ymney Iron all Do. New ..........m 60 Royal Mail Stea all Scot. Austral. Invest all Ditto New 100 S.Aus. Gov.6p.c.bds. all S. 'tan c ail Submar. Tel. Scrip aP D 5 Cr ii9t4 , L. Vo.lT:ii:ir. 28, Van Diemen's Land 1 1 00 11 V.oo.6p,c.JanNuly 5 1 - 40 - 45 .29 - 133, .10 - 110 34 38 26 28 2} 2a 5t 5a .• 94 - 96 ... - ••• 11 - 11 - 7i 4 d 3i 4 21 6 P P 1 14 3 4 31 4 id p ••• # - 44 - 2i 67 3 - 23 6 62 - - 35 - ii 1 = 1 ..• -- .„ 16 -- 17 11. Mbitioi SUN OFIJICE, Six o'Cloc, ITALY. The Pope has addressed a biief dated the 22d ult. to the Bishop of Trig oli, condoling with him on the murder of the Archbishop of Paris, his relative, "who," his Holiness declares, " was cruelly put to death by the sacrilegious hand of an abominable priest." The Holy Fa ther declares that he felt "extreme affliction at the lamented event ;" that he has the firm hope that the de3eascd prelate, freed from earthly things, has entered the heavenly king dom," and he pronounces a warm eulogium on him for his piety, zeal, and other virtues, and ?or his "special veneration" for the Pope himself and for the Holy See. S PAIN. --- The Madrid journals of th Ist contain little of interest. The Queen had completely recovered from her recent attack of measles. Mr. Ruiz, a member of the late Cortes, had been arrested, but set at liberty after a few hours' detention. The Leon Espanol says that a conspiracy had been discovered in Barcelona, the object of which was to create alarm and terror in the city, and that the men composing it had arms in their possession. MARKET NEWS.—(This Pay.) COVENT Our market today was 1 fruit and vegetables, for wb about last week'e prices. GARDEN. mt moderately supplied with .ch we Ind a dull inquiry, at FRI Pineapples, peril). Os 03 to Js Colonial do., ea. Os Od to Os Od Grapes, per lb.— Os Od to 12s Foreign do Oi Od to Os Od Melons, each ....3s Od to .5a Od Peaches, p. d0z.... 3s to Bsod l Nectarines, do. 2s Od to Ss Od Apples, p. h. sv. 6s Od to 8s Oil Pears, per d0z....3s to lOs Oil Oranges, per 100.3 s 6d to lOs Lemons, p. doz. is Od to 2s Od Apricots,p. doz. 2iod to Os Od Cherries, per lb. Os to Oa Od VEGE' rIT. Filberts, per lb •ls to is 4d Cobs., p. 100 lbs. 1108 to s Almonds, p. lb. Os Od to Os Od Walnuts, per 100 6d to is Od Figs, per doz 18 to 3s Od Strawberries, per pottle Od to 03 Gooseberries, per half sieve ....Os Od. to Os 03 Currants, p. do. Od 03 to Os Od Plums, per do. 2s Od to 5s 03 Green gages, do. 4s Od to 7s Od Raspberries, p. potl. Od to Od 'ABLEN. Greens, p. doz. bun. 3s to as 6d Shallots, per lb ed to 8d Cabbages, p. doz. Od to Os Od Horseraddish, p. bun. 2s to 5s Savoy do., p. do. ls Odto 28 Od Parsley, per do. 4d to 6d Cauliflowers, do.2sod to 5s Od Celery, per do Os 9d to is 9d Brocoli, p. bun. is Gd to 2s Od Beet, per doz. is Od to 2s Od Potatoes, per ton 80s to 135 s Parsnips, Der do. is Od to Os New do., per do Osto 0= Small salad, p. pun. 2d to 3d Peas, per quart ...9d to is Od Mus hrooms,p.ptl.ls3dtols 9d Turnips, per bunch 4d to 6d Artichokes, each ...4d to 8d Carrots, per buneh 5d to 7d Cab. lettuce per ' Cucumbers each 2s to 3s Od 5c0re...,..... OS 93 to is 33 Garlic, per lb 6d to Os 8d Endive, per score ls 6d to 3s Sorrel, per sieve Od to O Radishes, per doz. Spinach, p. d0...2s Od to 2s 6d hands ..........., is to 2s 03 Brussels sprouts, per Tomatoes, p. hf.sv. 4s to es Od half do 2s Gd to 3s Gd Walnuts per 100...0s 8d to is Onions, p. bush 2s 6d to 4a 6d, Chillies, per 100 i s Od t o i s 6d French d h o. b , Capsicums, per 1001 s Od to 2 s 1 Rhubarb, p. b un. is Gd to 2s r e e epaenrsb,u per nc h Od to 031 100 is 6d to 2s 8d Asparagus, per 100 7s al to 9s Leeks, per d 0......... 2d to 4d Sea kail, per pun. Os Od to Os NEWGATE AND LEADENHALL. Turkeys, 5s Od to 10s Od ; Geese, 5i 03 to 7s Oct each ; Ducks, 2s 01 to 3s 03 •, tame rabbits, is 3d to 2s 03 each ; wild do., 103 to is 13 ; Pigeons, is to i s 3d eac h ; l arge Surrey Fowls, 8s to 10s ' • barn-door do., 3 5 6d t o es ; Chickens, 6s Od to 8s Od per couple ; Capons, Os Gd to Os Od ; Hares, 2s 63 to 4s Od ; Grouse, 2s 3d to 3s 03 each • Pheasants, 3s Gd to 4s 6d • Partridges, Is 9d to Ys 03 ; - Woodcocks, 3s ;to 4s Snipes, is Gd to 1:s ; Teal, is 6d t o 2 s • Wild Ducks, L s 9 9 d each d to o2 h ; Guinea Fowls, is dto3s ; 2s ; Widgeons,is3d 9 to is 6 I ; Plovers, is 3d to Roasting pigs, es 01 to 8s Od each. Ostend fresh butter ' —s to •• s 0(1 ; English do., 15s Od to 18s 03 per dozen lbs. ; Englishreggs, lOs Gd to Os ; French do., 9s to Os 03 per 120; Leverets, Os each. NEWPORT. Beef, from 3s 4d to 4s 6d ; mutton, 3s 8d to 4s 8d ; veal, 4s Od to 52 01; pork, 3s 10d to 53 2d p er Blb s., by the car case. WHITECHAPEL. Beef from 3s 4d to 4s 6d.; mutton, 38 Gd to 4s 8d ; veal, 4s to 4s 10d ; pork, 4s Od to 58 01 per 81b8., by the carcase. BILLINGSGATE. Turbots, 2s Gil to 20s ' • Brills, 2s Od t o 10 s eac h ; S a l mon 3s 6d to 4s Gd per lb ; Cod Fish, 3s to 15 s eac h ; S o l es , 6 , 1 to 2s Gd per pair ; Els, 8d to Is per lb ; Lobsters, is to 4s 6d; Crabs, 6d to 3s Od ; Whitings, 3s Od to 126 per doz. ; Common Oysters, 12s to 16s ; Natives, 50s to —s per bsh. ; Mackerel, 50s to s per 100; Smelts, is Od to 3s 6d per doz. ; Skate, Gd to Od per lb; Shrimps, is 6d to 2s 6d per gallon ; Bloaters, 55 Od to 8s Od per 100 ; Fresh Herrings, 6s to Os per 100; Scotch do., Od ; Sprats, Ss Od to Os Od pez bushel ; Doreys, 2s Cd to lOs each ; Haddocks, 4s to 15s per doz.; Pike, 6d ; Sturgeon, 6d per lb ; Prawns, 5s Od to Os; Mullets, 9d to 2s Gd each ; Plaice, 4d to is each ; Halibut, 6d per lb ; Flounders, is Gd to 2s Od per doz. ; salt fish, Od per lb. BREAD. The prices of wheaten bread in the metropolis are from 9d to 9Aci ; of household ditto, 70 to Brd per 4 lb loaf. HIDES AND SKINS. Market hides, 5616 to 641 b, 5d to 0,6 6416 to 721 b, to 54d ; 721 b to 8016, 54d to sid ' • 8016 to 8816, sid to 6d ; 881 b to 9616, Oct to 6.fd ; 961 b to 1041 b, bid to 6}d; 1041 b to 1.1216, Oct to Od ; upwards, —d to —d ; horse hides, lOs Od to Os 01; Calf skins, light, 4s 01 to 5s Od ' • ditto full, Os 01 to Os Od; Poll e d Sh eep, 1 03 O d to 13 s 01 ; Kents, 8s Oct to lOs 01; Half-breds, 8s Od to lOs 01; Downs, Os to 7s 01; Shearlings, Os Od; Lambs, Os 01 HAY MARiETS. ------- SMITHFIELD.—Meadow hay, 2/ 103 to 4/ 03 ; clover do., 3/ 10s to 5/ Os; and straw, 1/ 4s to II 9s per load. A fair average supply, and a sluggish demand. CUMBERLAND. —Meadow hay, 2/ 124 to 11 4s; clover do., 3/ 10s to 5/ Os ; and straw, 1/ 4s to 1/. 9s per load, Supply moderately good. Trade steady. WHITECHAPEL.—Meadow hay, 2/ Us to 4/ Os ; clover do., 3/ lOs to 5/ 5s ; and straw, 1l 4s to 11 Ss per load. Both hay and straw sold s l ow l y, a t 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 ; Ef.M.Str. Megoara, Portsmouth, for the dape and Mauritius. FALMOUTH, Feb. 5.—A screw-steamer, painted flesh co lour, with ports, steering S.W., with loss of foremast, and funnsl lying on the louse aft, was passed on the 20th Jan., in 45 S. 11 W. Also an English barque, steering east, with foremast carried away, sh or t o f p r ovisions and water, which could not be supplied ow i ng 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. G.—Wind W.—Sailed —Harbinger (s.s.), for Calcutta. LIVERPOOL, Fab. s. —The Elizabeth Beckham, arrived here from St. Domingo, 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 let. 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.—Agile, ive d.—A ile from London, for St. Thomas ;nno g S'l d Er for mas. e• me, St. Thom as siardiff, for St. Tho mas. (PER ELECTRIC TELEGRAPH.) LIVERPOOL, Saturday Morning. Wind S.S.W. Arrived—Ann Melbuisb, from Paraiba ; Europa, New foundland ; Aurora, Rouen ; Vi g il ant, O stend ; oscow, screw steamer, Constantinople; Aden, Wliampoa. DUBLIN, 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 BRITISH TELEGRAPH.) GRAVESEND, Saturday, 9.59 A.M. Wind S.W. ; 2i hours' flood ; fine. Arrived, Feb. 6.—Ann, and Elfrieda, from Guernsey. Arrived, Feb. 7. —Henry Reid, from New York ; Bel lona, Wham pun. Sailed, Feb. 7. —Neilly, for Cape of Good Hope ; John Souchy, Tobago. DEAL, Saturday, 9.60 a.m. Wind W.S.W. ; fresh. Passed—H.M.S. Dragon, from West, for River ; Ca naan, Calcutta, London. Anchored—Leda, for Malta ; Elphinstone, Belize; Cosmos, Bombay ; Colombo, Cardiff ; all from London. The Bank of England, for Bombay, putting back to London in tow, having been on shore. The Reliance, barque, stranded at Walmer Castle, is afloat, and proceeding towards Ramsgate in tow. REPORTING IN THE HOUSE OP LORDS.—The grievance referred to under this head la the Times of Wednesday has, as we anticipated, been promptl y redressed by the Lord Chamberlain. His lordship was entirely ignorant our Paragraph met his eye, exertin g his authority to of swe when what etnh he e h ml a ao d st tt t e a rn k or e ti n g ah p t l ma bcoeymrestoringuntil 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 be has shown on the occasion.—. Times. LORD CARDIGAN AND MAJOR CALTHORPE.-- The last mentioned officer, in a letter to the Times this morning, writes as follows reading over the speech of the Earl of Cardigan in the House of Lords laet evening, as reported in the public journals of this day, I feel myself called upon to take notice of a remark made by him on that occasion. His lordship states that in a rerly re ceived from the author of "Letters from Head-Quar ters," 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 it is strange that the Earl of Cardigan in his place in the House of Lords should give vent to such a " preposterous fabrication." I have before me copies of all the letters I have ever written on the subject, and after carefully looking over them I cannot discover a single sentence that could per eibly be tortured into an admission that any statement of mine is "totally and entirely devoid of truth." ordered to be granted to her Majesty in accordance with the terms of her Majesty's speech. THE BANK CHARTER. The CHANCELLOR of the EXCHEQ UER —I rise to make the motion of which I have given notice for the ap pointment of a select committee to inquire into the opera tion of the Bank Act of 1844, and of the Bank Acta for Ire land and Scotland for 1815 ; and also to inquire into the law relating to joint-stack batke. In order to understand the operation of the act of 1814 it is necessary to go back to the time of bank restriction, and to consider the policy of the act proposed by Sir R. Peel in 1819. By that act the value of the currency was restored after a long period of suspen sion of cash payments during the French war, and the cur rency was fixed upon a firm and legitimate basis. The principle established by that act was the convertibility of bank notes for gold at a certain fixed value, and I trust that the time will never come when that principle will be called in question by this house or by the country. (Hear, hear.) The question has sometimes been asked —What is the meaning of a pound-note ? and it has been thought that some difficulty exists in finding an answer to that question. But it appears to me, with great defer ence to the various able and accomplished persons who have discussed the matter, that no interrogatory admitting of a more simple and satisfactory answer ever was asked. What is the meaning of a pound-note ? It is simply a promise to pay on demand to the bearer, at the place where the note is issued, the sum of one sovereign. No mystery is involved in the answer to that plain question. A bank note is a pro mise to pay a definite sum in coined money of a known weight and value, and if that promise is not fulfilled a con tract is brolien and a fraud is committed. I think, therefore, it cannot be denied with truth that the convertibility of a bank note is a plain question of contract, that it rests upon principles of honesty which must be recognised not only by every speculator, not only by every political economist, but by every man of plain sense and understanding; and I cannot believe that the time will ever come when any large, when oven any small portion of this house, or when any considerable portion of the people of this country will contest the validity of those principles. I can conceive that a Government may overcome a temporary de ficiency by issuing, for a time inconvertible paper, by dis charging its engagements in promises to pay, which pro mises it does not fulfil, but I confess I am at a loss to un derstand the opinions of those persons who believe that the wealth of a country can be increased, and that the trade of a country resting, as it does, upon credit, can be benefited by the increase of mere promises to pay, which promises the issuer is not bound to fulfil. I trust therefore that the principle upon which the act of 1819 is founded, of the convertibility of paper for gold, will never be seriously contested by any party or person in this house. But in the course of time it was found that the act of 1819, although it established this important principle, did not in all cases provide effectual securities for its enforcement. Excessive issues of paper were made from time to time by country banks, and although notes were always convertible by law, it happened in many cases, upon the failure of country banks, that they were not convertible in fact. The creditor the Bank of England was never in troth impeached, but it was contended that its issues were sometimes excessive, that its reserves of bullion were not always sufficiently great to support public confidence, and accordingly Sir R. Peel, acting under the advice of a committee presided over by my right hon. friend the First Lord of the Admiralty, pro posed in 1844 the act which I am about to ask the house to refer to a select committee. The policy which Sir R. Peel annomeced that he intended to enforce by that act was not merely the convertibility of bank notes and the legal liabi lity of their issuers to pay them, but also, by imposing cer tain conditions al to their issue, the provision of effectual securities against their depreciation. I freely admit that, in proposing the restrictions embodied in the act. of 1844, Sir R. Peel sought to establish a principle upon which the pre sumption lay against him. He attempted to impose restric tions upon the banking trade, and I concur with those per sons who hold that any one who seeks to impose limits and restrictions upon the banking trade comes forward with a presumption against his policy, and is bound to establish a strong case of expediency or necessity. In my opinion Sir R. Peel did establish a strong case. His view, I apprehend, was this, when a bank such as the Bank of England is em powered by the Legislature to issue notes, when those notes circulate freely from hand to hand, when they are invested by Act of Parliament with the attribute of being a legal tender, when the Legislature, in fact, confers upon the bank the power of issuing paper which, whatever theorists may say, practically discharges the functions of money, the Le gislature is justified in imposing certain conditions upon the exercise of that power. That was the principle by which Sir H. Peel justified the restrictions he imposed by the act of 1844. A subtle discussion has been raised on the question of what is money—whether bills of exchange and commercial instruments of that nature are to be considered money—whether the term should be confined to paper in struments such as bank notes, and whether even the title of money should be refused to bank notes, being legal tender. It would be quite out of place for me in a practical assembly such as the House of Commons to occupy time upon the discussion of such questions ; and, I trust, the house in debating this subject will not think it necessary to go into questions of the theory of currency, with respect to which I need scarcely inform hon. members a very large collection of volumes exists. But I may be permitted to say that it seems to me a practical question whether or no a banknote does not de serve the name of money. If a banknote enables a person. who is unknown, to offer wherever he goes in the country a legal tender without reference to his individual credit or character, it appears to me that such an instrument de serves the name of money, and practically discharges the same functions of sovereigns. If that be the character of the banknotes issued by the Bank of England, a justification arises for the Legislatnra to impose such restrictions as the public advantage may demand on the extent to which such banknotes may be issued. Sir R. Peel, by the act of 1844, for the first time placed on the discretion of the Bank of England certain limits with re spect to the issue of banknotes. The Bank was by that act restricted to the issue of 14,000,000!., represented by securities, and so much more as might be equal to the qhantity of bullion in possession of the Bank. Beyond these limits the Bank of England under the present act is not entitled to go, with the exception of a small addition which I shall afterwards mention. The policy of the Act of 1811 was, therefore, in general to impose such restric tions on the discretion of the Bank of England as would practically secure its maintaining such a reserve of bullion as should at all times be equal to the demands of the pub lic for the conversion of its notes into gold. I think a fairer test cannot be taken of the practical success of that act than by comparing the quantity of gold held in reserve by the Bank of England for 10 years prior to 1844, and for 10 years subsequent to that act. If the house should find that there has been a great increase in the average quantity of gold held by the Bank of England in reserve since 1844—if the house should find that the maximum quantity and the minimum quantity and the averages also have been greater, the conclusion must naturally be arrived at that that act had accomplished the object for which it was designed. The contrast is so decided and immediate on the change of legislation that it could not be attributed in any considerable degree to an increased supply of the precious metals, and of gold principally, in late years. It was quite conceivable that, though the sup ply of gold increased, the Bank might not have thought it necessary to keep a larger reserve unless the legislative re striction, to which I have already alluded, had been in ope ration. I hold in my hand a statement of the highest, lowest, and average amount of bullion in the Bank of Eng land from the year 1834 to the present time, and I will read to the house some of the principal results. In 1843, the average amount was 11,700,0001. in round figures, being the highest amount during the 10 years prior to the act of 1844. The average amounts for the other years were in 1831, 8,000,000!. (omitting all the figures after the millions), in 1835, 6,000,000/. • in 1836, 6,000,0001.; in 1837, 5,000,000/. ; in 1838:9,000,0001.; in 1839 and 1840, 4,000,000 e ; in 1842, 8,000,000!.; and in 1813, 11,000,0304 Well, in the first year after passing the act to which I have referred the average amount of the bullion in the Bank of England was 15,003,0001., and in 1855 it was 14,000,000!. In 1847, which was the year in which the average was lowest, the average amount was 10,600,000!., and the mini mum amount was never under 8,000,000/. After that year the average amount rose to 14,000,000/., 16,000,000/.esand in 1852 to 20,000,000!. In 1853 it was 17,000,0001., and in 1854 14,000,000!. Since 1843 the lowest average was 10,600,000/., and the highest 20,500,000/., whereas before 1843 the highest average was 11,700,0001., and consequently the lowest average since 1843 did not very much differ from the highest average before. These figures could not fail to convince the house that, assuming that the act of 1844 was to increase the average reserve of bullion in the Bank of England, that object had been very completely attained. There is another part of that act to which I must advert briefly a separation of the issue and bank ing departments was then effected. That separa tion was an essential part of the act of 1814, and was then introduced for the first time. The effect of that sepa ration is, that the accounts of those two departments are kept separately, and that for practical purposes, while the management of the Bank proceeds in its ordinary manner, these two departments are managed independently of each other. With respect, however, to the legal effect of the act of 1844, I may as well in passing state,—though it is not certainly al practical question,—that, inthe event of the insolvency of the Bank of England, —a contingency not very likely to occur,—it is held by those most competent to form an opinion on the subject, that all the creditors, both note holders and depositors, would have equal rights and equal claims on the general assets of the Bank. In such a contingency the funds of the Bank would be considered as one, though, for the practical management of the Bank, and for the purpose of measuring its issues, which was the object the framers of the act had in view, the separation of the two departments was made. I now come to the effects of this act as developed in successive years since its _ passingou and, first, I will ven t ure t o ca ll th e a tt en tion of the se to wha. enr.red in 1847. In that year the ope'ratiCt oh distress of this act underwent a n i m p or t an t t r ial. Commercial a nd the c a very aggravated ki n d was then e xperienced; Bank of England was then subjected toa heavypressure for the purpose of inducing it to extend its b advanceyth the and n:Li d t i a s _- counts. The Bank found itself res tr a ined tothe Government on tions of the act of 1844, and appl ied the subject. The noble lord, the inemledertfhooe present London, F w ir e s s then at the head of the Government, ati Lord of the Admiralty filled the situation which I have the honour to occupy now; a nd after much d e era c t oathey issued a letter authorising the Bank of England to increase its a dvances upon approved securities, and assuring the to directors that if that c ourse led any infringement of the Government would apply to Parliament for an indraenity. However, the provisions of the act were never infringed, the Bank of England never being called on to extend its issues beyond the limits settled by the act of 1844, and the Government were never necessitated, conse quently, to apply to Parliament for a bill of indem nity. Nevertheless, on the meeting of Parliament a committee of inquiry into the matter was proposed, and the subject underwent a full discussion in this house for seve ral nights. A committee, composed of some of the ablest members, eat and examined witnesses, and came to a report to which I will refer. The committee reported as follows Your committee have had under their consideration whether it is advisable that powers should be conferred by l a w upon the Government to enable them to meet the occur rence of any circumstances which may call for extraordinary interference ; but they have come to the conclusion that, looking to the possibility of foreseeing what the precise cha racter of the circumstances may be, and also what may be the measure best calculated to meet theta, it is more expedient to leave to those with whom the responsibility of the Govern ment may rest at the time to adopt such measures as may ap pear to them best suited for the emergency. Your commit tee, therefore, after a careful review of all the evidence, are of opinion that it is not expedient to make any alteration in the Bank Act of 1844." A. committee was also app o i n t e d by the other House of Parliament, which did not, I, b e li eve , recommend any alteration of the act. The question, at all events , was con' sidered by the other House of Parliament, and the whole matter underwent their full consideration when those cir cumstances occurred. .I have taken the liberty of recur ling to the% events for the purpose of suggesting to the house that, .oasmuch as the effects of the crisis of 1. 47 were very fully investigated at that time, there seems no occasion at present for the appointment of a cumin tee which lam about to move to reinvestigate the circum si aloes of that period, or to do anything more than to con sider the operation of the act at that time, as shown in the reports of that period in estimating its general policy. The subject that will more justly engage the detailed attention of the committee is the operation of the two acts of 1844 and 1847 up to the present time. During that interval we have had an arduous war, which has led to great exportations of bullion for foreign service. W e have hada transition from war to peace. We have also had to encounter changes in the which mo unetars ystem in some of th e continental countries, have ited n fgold for a silver currency. The failure of the silk crop .in China, Italy, and France this year has led to a great increase in the importations of silk from the East, and has rendered necessary a great increase in the /exportation of bullion. All these were disturbing causes of the first magnitude, and yet we have found that the currency of this country under the tutelary influence of the act of 1844 has remained in a sound state, that the credit of the Bank has never for a moment been in question, and that it has not experienced any real or pressing dem. culty in maintaining the large reserve of bullion whi c h I have already stated to the house. In estimating the effect of that act I trust that the house and the committee will bear in mind that it has had no ordinary difficulties to contend with—(hear, ]rear)—that this has not been what is called a rormal period; that it has not been an ordinary state of peace, but that our currency has not been exposed to severe trials, and that out of those trials it has emerged triumphant. (Hear, hear.) Now, sir, having in view the renewal of the privileges of the Bank of England for another period in the course of the present session, and the expediency of either allowing the provisions of the act of 1844 to remain unchanged, or of introducing certain amendments in those provisions, in the course of the autumn I placed myself in communication with the Governor of the Bank of England, in order that I might scertain whether he or his colleagues were of opinion that any amendments should be made in the existing act. Being themselves practically acquainted day by day with the working of the act, and especially of its restrictive provisions, they cannot be considered as other than fair and competent judges of its operation. With the exception of, I think, not more than -one director, they have given their opinion that it is not expedient to make any•material alteration in the provisions of the act. I therefore, Sir, assume that th e principle established by that act—via., the imposing of some legislative limit upon th e i ssue o f the Bank of England, is taken as established. Those who contest the policy of the act admit in general terms that prin ciple. I may refer particularly to a gentleman of whom I speak with very sincere respect, Mr. Tooke, the author of the well-known book on prices, which is a most valuable economical history of this country. Well, Mr. Tooke is a strong opponent of the act of 1841. He proposes, it is true, a principle of limitation upon different data from those re cognised by law, but still he is in favour of a restraint being put upon the discretion of the Bank. And lam unable to find that there is any considerable number of practical persons engaged in banking or mercantile affairs, and ac quainted with the operations of the act, who propose to de away with all legislative limit, and to return simply and without qualification to the act of 181.9. Well, then, if we assume that that principle is granted, there are certain other points which are fairly open to consideration before the privileges of the Bank of England are renewed for another period. It has been said that through the indis cretion of the Bank directors, or in consequence of the operation of the act, there has been an inconvenient fluctuation in the rates of discount, and that that has been produced by circumstances which legislation could have prevented. Now, sir, I must be permitted to state my very confident opinion that the Bank of England direc tors are not answerable for the inequalities in the rate of discount— (hear)—that the rate of discount is regulated by causes over which they have little control ; and that in raising and lowering of the rate of discount the Bank di rectors follow and do not lead. They are not the regulators of the rate of discount in this town. The amount of bills discounted by them is in the aggregate less than those dis counted by private houses. They have it not in their power either to increase or diminish the rate of discount. It is something which is governed by a cause which is peculiar to itself. It does not vary according to the general rate of the interest of the country, as some persons suppose. If anybody will take the trouble to compare the price of Con sols with the Bank rate of interest he will find that when Consols remain stationary, when the rate of money lent upon real securities remains quite stationary, the Bank rate of discount and the general rate of interest in this town may undergo very considerable fisctuations. It is a mode of employing money which is liable to certain influ ences ; it h,s a territory of its own which is governed by causes, I will not say independent of, but to a great extent unconnected with, those which regulate the general rate of interest in this country. I have before me a very de tailed account of the fluctuations in the Bank rate of dis count. It is impossible for me to read the whole of it to the house, but I will state what appears to mo to be the general result, which is that when the Bank rate of dia• count is the highest the amount of bills under discount is for the most part: very large ; and when the Bank rate of discount is low the amount of bills under discount at the Bank is for the most part less considerable —a fact which shows that pressure is male upon the Bank when its rate of discount is high, and that far less pressure is made upon it when its rate of discount is low. The result seems to me clearly to establish that the Bank is not the regulator of the rate of discount. If the greatest number of applications are made to it when its rate of discount is highest., it is clear that it is because the general rate of discount is high, that persons desirous of having their bills discounted cannot get more favourable, or as favourable, terms elsewhere, and therefore they crowd to the Bank of England. When the Bank of England rate is low the rate elsewhere finy perhaps be even somewhat lower. The fact, I think, must be con eidered as conclusively exonerating the Bank from the charge of having augmented commercial distress by their indiscretion with respect to the management of the rate of discount. It shows that, whatever faults the present aot may have to bear, it cannot be justly blamed for having created any unnecessaryhardship with regard to the fluctua tions of the rate of discount in those times. The next ques tion which ought to engage the attention of the committee is that of the precise limit which should be fixed upon the issue of notes on demand. The limit was originally fixed at 14,000,000/. ; but since that time an order of Coun cil has been made, under a clause in tho act, by which the Government is empowered to authorise the Bank to issue an addition to the 14 ,000,000/. upon securities two thirds of the amount abandoned by the country banks. The additional sum which the Bank can issue in conse quence of that order of December, 1855, is 475,0001. ; therefore it is at present empowered to issue notes to the amount of 14,475,0001. It has been suggested that this limit is too narrow, and that it might be increased or en larged, Now, sir, with regard t o t h e po i nt at which nu merical limits are fixed, it is very difficult to give an answer which shall be conclusively in favour of any pre cise amount. (Hear.) When it is once admitted that a limit is to be adopted it is necessary tojfix upon some sum at which the line shall be drawn, but it would be very difficult to give a reason why it should not be a little more or a little less. In the case of a duty of ls., it would gene rally be difficult to show why it should be that precise amount, and not either lid, or 13d. LI the present instance the amount of 14,030,000/. was taken as representing the lowest amount to which it was thought the currency might descend, and I believe it has, in the operation of the act, been found not an inconvenient amount. Those persons who desire to raise this limit to about 16,000,000/. have it, I apprehend, in view that such an alteration would enlarge the issue of the Bank and the paper currency of the coun try by the amount of about 1,50J,0007. My belief is that an extension of the limit to that evtent would have no such effeetee-Thear)—but would simply enable the Bank to keep a million and a half less gold. The issues would not be increased, because they are already sufficient to meet the wants of the trade of the country. In any measure which I have now in contemplation it is not my intention to pro pose any alteration of the limit which is now fixed by law, and which may, in round numbers, be taken at 14,500,000/. At the same time I quite admit that it is a subject fairly within the consideration of tie committee, and I need not say that if I am appointed a member of that committee I shall be fully prepared to go into the inquiry with the view of seeing whether any public benefit would arise from the enlargement of the limit. (Hear, hear.) There is another point which is referred to in the report of the com mittee of 1848, and which is generally mentioned in con nection with the policy of this act. I mean the question whether, as a legislative limit is to be imposed upon the discretion of the Bank with respect to the issue of paper, power should not by law be vested in the Government to dispense with the restrictions and enable the Bank in ex traordinary circumstances to depart from the provisions of the act. I confess that I am entirely hostile to any such pro vision. It appears to me that not only is the Government empowered, but it is required by the maxim "Salves po peli supreme lea"—by the duty incumbnat upon all govern ments to interfere at all critical moments—to depart from the provisions of the law, and afterwards to come to Parlia ment for an indemnity=the course which was taken in the year 1847. In support of that opinion I will take the liberty of referring the house to a remar k a bl e precedent in the ln year 1797 on the ocoasion of the Bank restrictions consequence for foreign loans year, the bullion in the Bank was at heaseerviceleoef e commencement thethe I ebb. The &man Is of the year 1797 reduced to verya il ow , o t f t b h u e l l e t d n d ef i m a in t e i r e t h a e i d n upon the the reserve found that matters had b ecome ,after communicating week in that month it was during the ß m an o k nt i h ne o re f e F se e d br ; usry, unt urgent. Parliament was s itting at the time, but M r. Pi tt with the Bank authorities th th e at Saturday, he convened a an order in Council was agree d to, restrain.. paying in specie ; and on th e f ellowing th o ught the affair s o pressing ea Council o n the Sunday. On a certain Sunday in th e month day, M on d a y, Mr. Pitt brought down a messa ge f rom the t o g F 0 . , 8 1 e 7 n 9 k 7, from C ro wn informing Parliament of the step which had been ta k en , and explained it to the House. I think that prece iilhiesenputug,thte h dt e —h leeapgnelion e xampletc y y of s) f w th h se i e c tß h ba h yn a ku s r n r e. e v pt er Pitt, t b t eewennh who was a e s sh t ve i e o e nr n e y , au a rea l h - . ful of constitutional precedents—must convince the house that there does inhere in the executive Government a e p a o l w ie e d r oufpmeneettein gexeemneiregeenucpieesnofthtehiirs krienedpewnehiihcilhittyl7yheawre. ever painful that responsibility may be ; and it ap pears to me that it will be better to leave the matter in that state than, by attempting to allow a discretion by the act itself, to confer upon the executive Government a danger ous power of at any time interfering with its operation. Therefore, although I fully admit that the subject is one which may very properly be inquired into and considered by this committee, it is not a provision which I should ad vise them to recommend. Therefore, the course which prepared to adopt i s thi s, su bj ect to any am endments of I am the law which th e comm i ttee should suggest f or consideration, aiat th , within the limit s w hi c h I h ave s k e t c hed • I sh all , h period of 10 privileges of the Bank of England for an proper season, be p re p are d t o i n troduce a e b t il e l r renewing the and i 1846 in that countryn years. There are a l so ques tions as teotohsenßoapnekathof l a r r e p la riv d i: 18 and the operation of the act of Scotland. The Bank of Ireland possessor of its corporate charac sss leges; all that it seeks is a renew ter, together with the removal of aarestric restriction imposed upon it by an act passed in the reign of George 111 ., which seems to me quite u nnecessary — viz., ,ae prohibition Bankbiti of England is against la t e he leading of money upon is empowered by law to t advance money upon real securi ties, which power it exercises up to a certain limit. Nis well known that loans upon real securities are not in gene ral prudent investments for a Bank. The Bank of Ireland does not wish to exercise this power to any large amount. now They seek relief from a restriction to which they are e and the demand seems to me to be A reasonable. one provided that the amount which suc h a manner should be limited by • With regard the ant. ith the &rec to the Scotch Banks, I have communicated w Scotland, with tors of the six principal joint-stock banks in they should lend in the view of ascertaining whet h er they can suggest any from the m alterations in th e l aw . I have nott t r eceivedfind that the opera any material s u gges ti on sealed do n ti9ll QI th e act has been complained o f, I have now called CHURCH DISCIPLINE. Lord BROTIGHAM 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 ,ntended to introduce would contain a clause to that effect. Their lordships then adjourned. HOUSE OF COMMONS.—(YnsTERDAY.) The SPEAKER took the Chair at four o'clock. The Sheriffs of London appeared at the bar, and pre sented several petitions from the Lord 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, in 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 tax. THE ADDRESS. Lord Ernest Bruce, the Vice-C'namberlaiP, brou;ht 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 ailiw the Con vocation for' the province of Canterbury to sit for any longer time ? Sir G. GREY said that in the absence of the noble lord 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 bad 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 wa. - ; the opinion of Government that the sittings should not be prolonged merely for the purpose of discussion—(hear)—and sup posing the Archbishop of Canterbury should fail to adopt the usual course, it would be for the Government to consider the matter and act thereon. (hear, 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 I Sir G. GREY said that the law at present was sulli• cient. The matter complained of arose from the magis trates, inspectors, and others connected with carrying 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 compulsory upon boroughs to amalgamate the police forces with those of the counties in which they were situated ? Sir G. GREY said 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 same full 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 on 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 ! 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 was, 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 with re ference to the late war, it amounted to 593,0001. ; 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 EXCHEQUE 7 : 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. B. COCHRANE. The CHANCELLOR of the ENCHEQUER said the report of the committee would shortly he 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 tho .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 had 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 bad no wish to pledge the house by the wording of the speech, and to show that that was the feeling of the Government Lord Palmerston consented to the alteration on Tuesday. Mr. GLADSTONE said that two errors had 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 he urged that more caution should be used in future. Mr. DISRAELI said he should proceed with his motion on the day he had named relative to the income tar, but he bad no wish to propose a financial scheme, or stand in the way of the Government in raising the necessary supplies. Mr. aRIiWELL condemned taking a vote for sup ply before the financi a l s t a t e ment was made, and the es timates 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. Thu house then went into committee, and supply was 2 9 Ambg. Nottng. Bost and Eastn. Janet.. all Belfast & Ballymena a Binning. Wolverh Stour Va11ey..... t. 100 Birk eAd. Thes, in - ; Juno; 5 all Blackburn 5 all Rlyth &Tyne or;gina £25 (issd. at £45 t. 100 Bristol and Exeter.. ;. 100 'Caledonian. ;. 100 Chester & Holyhiad / all Cork and Bandon . / all Cork, Black, & Pas!, I all Cornwall I all Do. A / 8 Do. B ► 45 Dublin&BelfastJunc all Dun. P. di Abcr. Jnc. . 100 Mast Anglian all Eastern Counties.. , 100 Tact. Union, A Stk. 10' Be., B. Stock, Do., New 17 East Kent 100 9ast Lancashire al East Suffolk 4 D 0... 100 Edinburgh &Gl:tag° all Edinb. and Peebles 100 Edin.Prth &nuncio( all Forth & Clyde June. 100 Furness 1100 Glasgow AS. Westru' all Great N. of Scotlnd.l 100 Great Northern.,,., . 100 Do., A. Stock •.• 100 Do., B. Stock 130 sth. &Went.(lre ) 100 treat Western 100 Do. Stour Val. Rai!' Gna. Stk all [rich South-Eastern all Lancaster & Carlisle 141 Do., Thirds 12 Do. Nov Thirds,,.,,, 100 Lancash. an dYnrk sh . 6 Do., do. F. £l6 Dc., Wat. Riding Un. all Do. South' ort all London & Blackwall 100 Lond • Bright &S.Ost. 100 Loud. and N. Westn. all Do. Fifths all D0.101.5h.,M&13 0 , Do. Eighths 100 London andS. Westn all I Lndndrry&Colerain, all I Lndndrry.& Ennisk 100 Wanch.Shef.&Linch 1 F3fetropolitan 1 Do. J. L. Ricardo's arrangement 100 Widland 1)0 D ).13irmng.& Derb: all Widld. G. West. Oro, all Do. Half Shares all 'Newcastle & Carlish all Nwpt.Aberg. 9 Newry & Enniskillo all Newry, Warronpoin and Rostrevor...... .90 Norfolk lorthn•Counties .00 North British . 00 Nth Devon Rail & Dock Stock, 100 Do., A Stock iio , B Stock N.Eastern—Berwi k 23;! o. do. Extension 163 )o.do.O.N.E.Ntrol r.ll Do. Leeds 100 Jo. Yor -100 `Torth stftti, and City J' 173 Yon}, StAtTordsbit 'orth Western._ ail 1. Sr S. westm. Jun' 11.. , Ix., Wore., & Wolv. 16 ' , ,rtmniorth 10 Rilyniney ..„ 1 Scottigl, Conf , •ft.l 10 Scot. N E.Abrdn St. 1.,:r Do. Scot. Mie. St 10,- 4 , , m , on 2 Sitingbourne&Sheer. Smith Davou 100 , Soath Eastern louth Wales 17 i. Yrksh. & Riv. Du 7 :t o all t tines,Wok. &Wo' S ookton & Darling 124 Do., do., 1854 3 Do., do., 1855 ;to Atta, 4 Hartlep Lot: Cr.tY Vela _ 'o. Pref., No. 9 2 Names Hay. D.& k. all Vale of all Waterfd. & Kilkenn , all Waterford&Limeri . all West Cornwall__ all West End of Londo. and Crystal Pslace. all Do. A a'l Do. B at) West London all Do. Fiat Class all Do. Second Class all Wimbledn & Croydon ON . St. 16 3 20 25 St. 10 10 107/ 106/ i 331 4i I Sk 100 82i i I St. 53r, 20 50 St, 40 261 131 20 St. 8541 I St. St. I St. 18 St. 61 i St. 106 i 1091 10 I 30 11i 20 1 P 140 904 90 4571 5 1101 f 51 CO 821 2 201 4i 24j i 18i 18i i 18 47 61 37i i ;21i 111 361 1471 35 26 2i 51 5i i x d x d