The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1855-08-07 00:00:00

:THE FUNDS, STOCK, AND SHARE MARKET.

English Funds are unaltered ; transactions unimportant.
The Railway Market languid4n tone, and, in the absence of
business, closes slightly lower. Land and Bank Sharecwell
supported, and, in a few cases, uhave advanced a shade. In
Foreign Securities no material, change. Peruvian good.

CLOSING PRICES.

Consols, Account.... Bank Stock 214 .13
Do. Money.— I Exqr. Bills, L. & S 2O 4 pm.
Three per Cents 92i Omnietu.

FOREIGN STOCKS.
Mexicans 2li 2 Russian
;Peruvian
Do.
SHAREC.
London, Srighton, and
South Coast 9B 100
London Western 983
London &S. Western B6 7
Manchester, Sheff., and
Lincolnshire 2si
Midland Stoca
North British 3O 1
Do. Prkarence lO4 6
North Staffordshire 63 dis
S. Eastern and .113ver 603 13
York, Newcastle, and
Berwick
134 s,York and N. Midland 483 93
LAND SRARES.

RAILWAY
Ambergate,.Nottingluuri,
and E. Junction 4l f
(Wedonian
Do.:Preference
Eastern Counties
East Lancashire -74 6
Edinburigh&Glasgow 56 8
Great Nolitern 894 90f
Do. A. B7 8
Do. 13. 126 8
Great Western
Lanc.andYorkuhire Blf

Do. Fifths.
Leeds Northern

Australian Agricultural 'Peel River
S. Australian Invest.— South Australian -
Crystal Palace

On 'Change, Linseed,Oill dull at 435. on the spot;
555. 6d. ; Scotch Pig Iron, 735. 66. to 745. ; Speller, ^3 ;
.Cotton inactive. Sugar and Coffee quiet but firm.

LONDON CORN ittfißE2T. (From ICngsford and Lay's
Circular.)—The accounts of the Wheat, Rye, and Potato crops
being bad from the Baltic, and very good from America—
English l►eing extremely contradictory—thesupply of English
Wheat-was moderate, but, added to that left aver from last
week, made a large show ; a few samples sold at the opening
at about 3s.slecline, at which the remainder was offered with-
out tempting tbuyers. In Foreign only (sae or two retail sales
at about a similar reduction ; millers holding quite aloof, and
the majority of bidders being careless of realising at the re-
duction. Barley, is. ,cheaper, with a better demand for grind-
ing. Beans and Peas unaltered. Oats sell slowly at last
week's rates. In Flour little doing : country marks are 2s.
per sack lower. A few samples of Rape and Canary Seed :
Rape brought £4O to £42 per last. Canary, 425. to 445. per
ewt. ARRIVALS.

English. Irish. Scotch. Foreign.
Wheat 1836 50 10207
657
Malt 3819
Barley
2303 192 50
Oats 242 5726 4065 23843
Beans
Peas 37 --1225
Flour

METROPOLITAN CATTLE MARKET.—Beast trade not SO
good, the supply being large. Lambs and Calves maintained
Friday's prices. Beef, 4s 2d to 5s 2d ; Mutton, 4s to 56 4d ;
Veal, 3s 8d to ss; Pork, 4s 2d to sa; Lambs, 5s to 6s 2d.
Feasts, 3,937 ; Sheep and Lambs, 26,120 ; Calves, 282 ; Pigs,
620. Arrivals : Holland Beasts, 1,239 ; Ditto Sheep, 980 ;
Ditto Calves, 221; Ditto Pigs, 340; Spanish Beasts, 204;
Ditto Sheep, 460 ; Scotch Beasts, 220 ; Norfolk and Suffolk
Feasts, 500; Cambridge, Leicester, Lincoln, and Northamp-
ton Beasts, 900.
LONDON PRODUCE MA.RlCET.—Basiness is small but holders
firm, and obtained full rates for Tea, Coffee, Rice, and Spirits.
For Oils many buyers. Tallow is quiet but not cheaper :
Stock, 44,020 casks, against 33,987 casks last year; deliveries,
1,762 casks, against 946 casks last year.
GLASGOW PIG lEOY MARRET.—The market is steady at
735. 9d. ; rasher sellers.
NaTCIEZOTEII STOVA Excuoni-41100tarc And Ycrli,

shire, 811 ; Midland, 701 i; District Bank, 8-1- pm.
WIND AND WEA.TITER REPORT.—London, Newcastle,
Dover, York, wind S.E., Hull, N.E., Lancaster, W., dull;
Dublin, S.E., Haverfordwest, S.W., much rain; Whitehaven,
Nottingham, S.E., Brighton, S., Southampton, N.E., Carlisle,
W., cloudy ; Leicester, Derby, Darlington, S.E., Plymouth,
S., Leeds, N.E., Manchester, Stoke, W., Exeter, S.W., rain ;
Great Grimsby, Bath, Perth, Berwick, S.E., Edinburgh, E.,
Glasgow, N.E., Scarborough, Whitby, N.W., Sunderland,
Dundee, S.W., Hague, N.E., fine ; Bristol, S., unsettled.

RIPON RACES.
Trial Stakes—Hospodar, Ist. Two-year-old Stake—Tilly,
Ist. Great St. Wilfred Handicap—Angelo, Ist.

EETTING AT TATTERSALL'S—Tins DAY.

BRIGHTON STAKES,-7 to 4 agst Batoncino (2 to 1 tk) ; 5
to 1 agst Quince, tk ; 6 to 1 agst Mishap, tk ; 100 to 15 agst
Winkfield, tk.

BRIGHTON Ninnstrot.--5 to 2 agst George Brown, tk.
ST. LEGER...-11. to 8 agst Oulston, tk; 20 to 1 agst Noisy,

DERDY.-10 tO 1 agst Wentworth ; 25 to 1 agst Yellow
Jack ; 40 to 1 agst Mario ; 40 to 1 agst Van Galen ; 40 to 1
agst taken.

HOUSE OP LORDS.

MONDAY.

Ve.dr lordships met at five o'clock.
A conversation arose upon the Limited Liability Bill, which
'it fixed for the second reading to-morrow. In the course of
which Lord St. LEONARD'S expressed a hope that the measure
would not be pressed this session.
Earl GRANVILLE said it would be premature to discuss the
measure now, seeing that it was not formally before the house.
The subject then dropped.
The MarqUisof CLiitincißDE then moved a resolution to
the effect, that a select committee of the House of Commons
having recommended an immediate amendment of the Sale of
Beer Act, of 31354,—The circumstances which rendered legis-
lation on the subject-of the bill, which had been passed by the
Honse of C,ommoni, were of such urgency as to render the
immed'ia'te considefittien of the bill necessary.
Lora REDEsEatt opposed the motion on the ground that
the house oughtflo adhere to its standing orders, and that
there was no urgency.

Lord LTTTLiTON also opposed it.
Earl GREIIVILLE supported the motion, urging that as the
Tiisting law was productive of great inconvenience to the
'public, and that as the decisions of the magistrates in putting
it into force were conflicting it, it was necessary that a change
should be Made in the law.

After speeches from the Earl of Shaftesbury, the Earl of
Hardwi&e, Lord St. Leonards, and Lord Congleton, the house

For the motion 25
Against
Majority for
The 'Motion was carried, and the bill was read a second time.
The Militia Ballot Suspension Bill was read a second time.
The Metropolis Local Management Bill was read a third
time and passed.
The Excise Duties Bill passed.
The Turkish Loan Bill, and a number of other bills, passed
through committee.
The Island of Tobago Loan Bill was read a second time.
Their Lordships adjourned at eight o'clock.

HOUSE OF COMMONS.

MONDAY.

The house met at one o'clock.

The Lunatic Asylums (Ireland) Bill, and the Navigation
Works (Ireland) Bills were severally read a third time and
passed. The Diseases Prevention Bill was also read the third
time and passed. The Exchequer Bills (£7,000,000 sterling) Bill
and the Militia Pay Bill passed through committee. The
Appropriation Bill passed through committee. The third read-
ing is appointed for to-morrow.
CRIMINAL JUSTICE BILL.

On the the motion for the third reading of the Criminal
Justice Bill,

Mr. T. CHAMBERS moved that the third reading be deferred
for three months. He stated that this measure made a greater
alteration in the constitutional tribunals of the country than
any that had ever yet passed the legislature, yet it had
hitherto gone through all its stages without discussion ; feel-
ing that it had not been fully considered, he deemed it his
duty to urge its postponement. The second reading had been
1L... - .111 fluo lacral members Of
the house were
absent at the summer assizes, and it was now proposed to
read it a third time when they were absent at the autumn
assizes. The bill has no preamble, but its object was to
diminish the expenses and delays incident to the present sys-
tem. He denied that it would produce either of these results,
but it would throw the fate of every poor man in the rural
districts, especially, into the hands of the police. They had
already trenched too far upon the system of trial by jury, and
should be very slow to proceed any further in the same direc-
tion. The tribunals under the bill he feared would neither
be competent nor impartial ; they would not raise up the
clergyman of the parish to try the dissenter, nor the squire
to try the poacher. Under all these circumstances, he sincerely
hoped that the house would not sanction the bill, which he
believed to be the worst ever brought before it.
Mr. Kennedy supported the amendment.

The ATTORNEY GENERAL was of opinion that the bill would
be extremely beneficial. It would lead to a great saving of
expense and of time, nor did it violate any constitutional
principle, for the prisoner could not be dealt with under it
except by his own consent. The object was to prevent the
imprisonment of individuals before trial, and it only applied to
petty offences, so that it was idle to say it involved any great
constitutional principles.

Mr. BARROW supported the bill on the ground that no
man ought to be made the inmate of a prison until he had
been convicted.

Mr. M`Mahon opposed the bill, and it was supported by Mr.
Baines.

The amendment was then negatived without a division, and
the bill was read a third time.

Several new clauses were then moved, and eventually the
debate was adjourned unon one proposed by Mr. M`Mahon,
relative to the right of appeal.

The house then adjourned at 4, until 6 o'clock. The house
resumed at 6 o'clock.

Mr. BRIGHT gave notice that, on the bringing forward of
the Indian Budget to•morrow, he would move a resolution to
the effect that it was desirable to have the returns made up
to a later period than usual, and also that the fanancial state-
ment of the affairs of India ought to be submitted to the
'house at an earlier period in the session.

Lord PALMERSTON stated that he should continue the grant
to .the Royal Society of £l,OOO for the present year out of the
Civil contingency.
Lord J. RUSSELL gave notice that to•morrow he would call
attention to the present state of Italy, and to its occupation
by foreign troops.

Lond PALMERSTON withdrew the Cambridge University Bi

CHARITABLE FUNDS BILL.

On the question that the house go into committee on the
Charitable Funds Bill, the ATTORNEY-GENERAL made a state-
ment of the changes which this measure would make in the
existing law. The power of the present commissioners would
be extended, in order that proper and salutary controul might
be exercised over the management of the charities.

Mr. KNIGHT moved as an amendment, that the bill be re-
committed this day three months. The bill gave the Charity
Commissioners too extended powers.
Sir W. Joliffe seconded the amendment.
Mr. MITCHELL said ids objection to the bill was not that it
weflt too far, but that it did not go far enough.
PELLATT recommended the government to withdraw
the

Sir G. GREY declined to accede to this recommendation, and
defended tie provisions of the .1411.

Mr. Cairns: the Solicitor-General, Mr. Henley, Lord Chel-
sea, Sir W. Heathcote, and Mr. Matins, having addressed the
house,

The ATTOTOTEX-GNERA.L replied t,Q the several objections,
The amendment was withdrawn.
The house then went into committee.

Having disposed of the first 10 clauses a the bill, the
CIIIIRMAN reported progress.
The committee ordered to sit again to-morrow.

The other orders were then disposed of.

E's A CHANCE FOR
WIIEN ROGUES FALL OUT,
the 13th of
d in a garrotte robbery on
with being concerned
wo'heleocnkhoenwtashe
amttacornkinedgbiyn
d Moss, a beer-house keeper and coal dealer, in
June. Richard blirou°7hBf uMpEol'in—rejraoahnnd Eatfatelie aPositicPulet-RcEßurtt,hyoefstaerbdoauyt, 1c
charged
r wasge d
three men near Chisenhale-bridge, dragged into an entry, and
robbed of £6 12s. 5d., a tobacco box, and a knife. Two of the
prisoners were apprehended and committed for trial at the
questionVau Vauxhall-road, h a 1 l
h- reo aud,
a'ssariedtutrhnaitn''gb°llmoen,e
assizes that day. Officer 172 apprehended Effie at his own
house in Chisenhale-street, on Friday night, having been told
by the prosecutor that a man, named Effie, was one of the
parties that had robbed him. Three women deposed that the
prisoner had slept in the house with them from half-past ten
to nine o'clock next morning on the night in question. The
prosecutor, on the other hand, identified the prisoner from
amongst eight others on Friday night, and swore most dis-
tinctly to him in the box, although he had never seen him
before the night of the robbery, or during the interval until
he saw him in person. In reply to the magistrates, the prose-
cutor stated that the father of one gs the other young men
came to his house and offered to refund the money if he would
not appear against the two that were committed, Prosecutor
would not give such a promise, and then the other told him
that the third robber was named Effie; hence the apprehension
PC the latter, The prisoner was committed for trial.

DRATVINC FOR MR. E. TV. THOMAS'S COLLEC-
TION OF PICTURES, LAST NIGHT.

IN consequence of the heavy loss sustained by Mr. E. W.
Thomas, last winter, in giving his "shilling concerts" at the
Philharmonic-hall, he has been compelled to part with his
valuable collection of paintings, which were thus offered up as
a sort of propitiaiton to Apollo, for the want of devotion on
the part of the public of this town. It is certainly rather
unjust, ',however, that the high priest of the god of music
should himself be compelled to make a sacrifice on behalf of
those who ought to have appreciated and paid tribute to his
efforts in providing them with such "festivals," and we can
hardly ever hope that any gentleman will in future be tempt-
ed to hazard providing the people of Liverpool with high
class entertainments at such low rates, after so discouraging a
result to Mr. Thomas.

The pictures, which were valued by a competent judge at
£6OO, were divided into twenty prizes, to be disposed of
amongst 300 subscribers, at one guinea each, and to be drawn
for by lottery, similar to the practice pursued at the London
and Liverpool Art-Unions. They have been on view for some
time at Mr. Morrish's Merchants' Dining-rooms, Tithebarn-
street, where also the drawing took place, last evening, There
was a large attendance of Mr. Thomas's friends, and the
drawing occupied about two hours. The following was the
list of prizes, and the result : •

Prize 1. " Landscape," by Nicholas Poussin.. Drawn by
ticket No. 24, Mr. Wm. Davies, Lyceum-place. ;
2. " Skating Scene," by Vanderneer. Ticket 125, Mrs. E
Knight, West Derby-street.
3. " Sea Piece," by Peters. Ticket 198, Mr. Stephanoff,
Rumford-place.
4. " A Study : The Wounded Soldier," by Mortimer.
Ticket 12, Mr. Robert Jones, Caernarvon.
6. " A Horse," by Butler. Ticket 238, Mr. R. Richardson
Lord-street.
6. " A Landscape," by Clint. Ticket 199, Mr. Alexander
Powell, 17, King-street.
7. " Portrait of a Lady," by Sir Peter Lely. Ticket 61,
Mr. Edward Roberts, Pembroke-place.
8. " A Landscape," by Wilson. Ticket 127, Mr. James
Smith, Lord-street.
9. " The Toper;" by Brawer. Ticket 264, Mr. Join Swain-
son, Aigburth.
10. " Incantation Scene," by Salvator Rosa. Ticket 296,
Mr. P. Vance, Falkner-square.
11. " Ogwen Lake, North Wales," by the Rev. John Thom-
son. Ticket 54, Mr. F. Haywood, Exchange-buildings.
12. " A Landscape," by Barber, of Birmingham. Ticket
275, Mr. E. W. Thomas.
13. " Bothall Castle, Northumberland, " by Thirlwall.
Ticket 91, Mr. J. B. Cooper, Fairfield.
14. " Shepherd and Sheep," by Rhodes, of Leeds. Ticket
223: name of winner not known.

16. " Farm Yard," by Morlaud, (early.) Ticket 265, Mr.
John Swainson, Aigburth.
16. " Landscape, by

Ticket 241, Mr. John Hart,

London.
'l7. " Sea Piece," by Scott. Ticket 100, Mr. Alexander
Powell, 17, King-street.
18. " House on Fire," by Vanderpoel. Ticket 32, Mrs. M.
Caine, Falkner-street.
19. "Fishing Smack and Boats," by Pyr.e. Ticket 143
Mr. W. L. Clare, Exchange-buildings.
20. " The Flight into Egypt,"-. Ticket 200, Mr. G 9
A. Macfarren, London.

THE WAR.

THE SIEGE OF -SEBASTOPOL.

THE intelligence transmitted by various .means
from the army in front of Sebastopol continues to be
of the same inconclusive character with that which
has been lately chronicled. Indefatigable industry,
rewarded by slow progress towards the desired con-
summation, is the characteristic of the work ; and
that is from time to time varied by sharp trial of the
vigilance and bravery of the besieging forces. Bold
sorties on the part of • the garrison have been made
on different occasions, and with great determination
on the part of the enemy, both against the French
and English works of approach ; but these have
ended in defeat of the Russians and a further demon-
stration of the excellent disposition, skilful handling,
and spersonal bravery, of the Allied troops. On the
nights between the 14th and 15th, and between the
16th . and 17th of July, two desperate sorties were
made by the Russians with a view to drive the
French from their most advanced works in their
approach to the Malakhoff; but in both instances
the assault was vigorously repelled, - the English
artillery rendering most efficient aid in > support of
their Allies. The works of the besiegers now all but
touch the main defences, and everything gives token
that an important action against the place is immi-
nent. An expedition is also said to be in active pre-
paration ; its actual- destination is not annonneed, and,
in the absence of positive information, rumour, as is
usual in such cases, is busy in supplying conjectural
intelligence as to its destination and object. Some
will have it as intended for a hostile demonstration
against Odessa, while others maintain that it is in-
tended to operate at Perekop, for the purpose of cutting
off communication between Taurida and the Crimea.
In the meantime reports as to the present condition
of Sebastopol represent that city as in a miserable
plight. The inhabitants are driven from their houses
by the shot and shell poured upon them from the
English and French batteries. The public and civic
officers are an, it is understood, removed into Fort
Nicholas, as has also been -the greater portion of the
merchandise belonging to the commercial inhabitants,
and "in short," as is said in a letter from a .Russian
merchant still resident in Sebastopol, " the whole
town has moved into Fort Nicholas."
In reference to the sorties, -the correspondent of the
Daily News, writing from the.eamp on the :16th of
July, says
The enemy made a sortie against the advancing sap of our
allies on the Malakhoff Hill on the night of the 14th and 15th
instant. The attack was preceded by the usual characteristic
yell of the Russians, but this cry was only raised at the mo-
ment of coming upon the troops covering the working parties.
The night was dark, and a high wind was blowing; a sharp
fire of musketry was seen to last for about half-an-hour, and
then subsided; about an hour afterwards, another fusillade was
noticed in the same direction, but speedily terminated. The ex-
planation given by the French is, that the enemy came suddenly
and in great force upon the working parties before the latter
bad time to make necessary arrangements to meet the attack.
Hence some confusion ensued at first, and the French, not with-
out a severe struggle, however, had to retire to the nextcovered
way. At the time of the sortie our allies were connecting some
small ambuscades which they had thrown up in dine in front
of their advanced trench. These being joined together, and a
communication established with the trench behind, the third
branch of the zigzag advancing up the Malakhoff Hill would be
completed. The object of the Russsans was to arrest the pro-
gress of this work, and to destroy what had been already done.
As soon, therefore, as the French had retired, the enemy com-
menced levelling the parapets, and filling up the trench. In
the mean time the French, being joined by their reserves,
formed again for the attack, and at a given signal rushed sud-
denly upon the Russians. The latter were taken unawares. A.
consideral number had laid aside their arms and accoutre-
ments, and werebusily engagedin shovelling down the parapets.
After firing one volley, the French charged with the bayonet,
and a precipitate retreat of the Russians followed. A large
quantity of arms and appointments were left in the hands of
the French. The commencement of the attack occurred
between one and two o'clock, am. The enemy did not attempt
to renew it. In the course of the night the French not only
repaired the mischief done by the enemy, but extended the
trench considerably. The Russian loss is stated to be very
severe, compared with that of the French, numbers having
fallen in the second charge. One officer and several men were
taken prisoners. The French loss is reported as one officer
and thirty men.
JULY 17.—About 11 o'clock last night, while the batteries
were in a state of temporary repose, the stillness was suddenly
broken by loud shouting and bugle sounds in the direction
of the Malakhoff. It was just the night for making a sortie,
and the Russians had evidently taken advantage of it to make
one on a large scale. The attack lasted about twenty minutes,
though dropping shots of musketry, and an occasional discharge
of projectiles from the batteries, continued for nearly an hour.
Writing from the same place on the 20th, he says :
sint4lNNlTYraudnanlbßilk ;Tat; 1;";;Ws-Toli;loiliTo
observation as that made by our Allies. Their works seem,
indeed, when observed from certain points of view, to be
almost in contact with the abattis of the Malakhoff-hill. The
actual distance between them is probably not more than eighty
or one hundred yards. They have carried their trenches
forward with remarkable determination and perseverance,
notwithstanding the heavy direct fire of shell, grape, and
musketry from the Kotniloff bastion above, and an equally
severe flanking fire from the batteries on either side. The
French works carried forward on the right, towards the line
of Russian batteries extending from the Malakhoff-hill to the
west side of Careening harbour, though occupying a vast
extent of ground, appear in a very secure and complete state.
The enemy has not made any sortie of a serious nature since
the night between the 16th and 17th instant. They probably
suffered very severely on that occasion, for they are reported
to have advanced in very considerable force, and the discharge
of shells and other projectiles in the direction along which
they must have retired, was terrific. Their reserves also could
hardly have escaped from the incessant shower which was
kept up during the attack itself. Although the contest was
hotly maintained for some time, either from the advantage of
position or some such cause, our Allies do not appear to have
suffered so much as might have been expected on the occasion.
Our casualities, both among men and officers, during the past
week, have been less numerous than usual. Among the latter,
however, the death of Captain Rowland Fraser, of the 42d
Highlanders, has to be recorded. He was unfortunately killed
by a fragment of shell on the night of the 16th instant, while
on duty in the right attack. The shell struck him in the
body, and his death followed almost immediately afterwards.
Under the same date, the correspondent of the
Times says, in reference to the spirits of the troops,
their condition, and that of the weather
To-day there has been a veritable July sun ; not a breath
of air has been stirring. Over the Black Sea hangs the mist
which always appears when the sun pours down his rays with
more than usual power. Firing slack this morning; but
towards afternoon it has increased considerably, and at the
present moment there is a sharp cannonade kept up from
the Malakhoff, and now and then a volley of musketry an-
nounces that the skirmishers are at work. We have con-
structed another batteryof two Lancaster guns to the left, and in
advance of the 21-gun battery. Somewhat more to the left a
battery of six guns had been raised to fire on the shipping, but
it having been found that the position was too low for the
purpose, mortars have been substituted, and the battery will, no
doubt, open in a few days. The Lancasters have not yet been
mounted, but will probably be in position to-morrow. The
health of the men is still excellent, and their spirits do not in
the least suffer by the length and wearisomeness of the siege.
The summer is cool ; and as the Russians of late make very
few sorties, the nights are passed without much hardship in
the trenches. When formed in marching order to descend
the oft-trodden ravines which lead to the batteries, there is
neither despondency nor unwillingness ; the laugh and the
joke accompany their steps ; their air is brisk and alert how
different from their appearance in the gloomy season of last
December ! The noise of skittles is to be heard on every
side, and the regimental bands, with sadly diminished num-
bers indeed, but still effective for amusement, give the various
popular airs to which we are accustomed at home. Cathcart's-
hill is every evening the lounge of hundreds of idlers, who,
stretched at length on the dried grass; or sitting on the piles
of stones which enclose many an honoured grave, look down
on the beleagured city, and watch the flashes which burst
from Mamelon, Malakhoff, or Redan with a lazy indifference..
Writing on the 21st, the same correspondent
says:

Amid the returning heat which has followed the stormy
weather of last week, the operations of the siege are being
pressed forward by the French on our right with inde-
fatigable industry. • There is nothing in what goes forward
which can strike a stranger; stagnation seems to reign in
camp and trenches; even the heavy fire of a few days since
has for the most part died away; yet every day an advance
is made, and every day sees the allies nearer the crest of the
Malakhoff, which it will now require all the courage and
tenacity of the Russians to hold. The Malakhoff and Mame-
lon stand on an elevated plateau, while the ridge that joins
them is itself higher than the land around. It is along this
ridge that the French sap extends in a zigzag to within
170 yards of the bill which the Russians hold. As the incline
is somewhat steep, the French working parties are already
out of the reach of the Russian guns, which cannot be suffi-
ciently depressed to be used against them. They, therefore,
can work on without danger, except from the riflemen, who
hold every spot of vantage, and use their best endeavours to
pick off every enemy who shows a part of his cap within their
range; but, as these can be replied to by French marks-
men while the guns of the Mamelon are hourly thunder-
ing against the Russian stronghold, the advantage is clearly
on the side of the French. The latter have also thrown a
small battery of field-pieces at the end of their sap, which
have hitherto prevented the egress and formation of Russian
troops for a sortie against them. These guns entirely command
the points on which the Russians are in the habit of leaving
their works, and they consequently have been reduced to reply
to all the advances of their enemy merely by fires of musketry
from the embrasures. The day before yesterday, however, a
few Russians straggled out, here and there, making their way
by dodging behpid clumps of earth and bushes, until they had
reached about eighty yards from the parapet, when they threw
themselves on their faces, and began digging up earth for
cover. The French seemingly did not observe the movement,
cud Our people not catching sight of the venturesome Mus-
covites.until they were actually flied in the position which
they wished to attain, fancied them to be French. By this
means the Russians have established rifle pits in front of the
French sap, where they will do the usual amount of damage,
be
unless they. speedily driven out. On the 19th, the French, observing signs of activity among the Russians on their left,
opened a furious fire from all their batteries towards that part
of the town. The - fire, which was as heavy as in any of the
bombardments, continued for about half an hour, and, having
apparently effected its object, ceased. On the side of the Ma-
lakhoff the French have discovered the way, by which the
Russsian reserves are moved into the works It appears that
two deep trenches lead to the Malakhoff,
Little one on the side
'of the Redan, and the other on the side of the

Redan, towards Careening Bay. To interrupt, at least,
the latter means of communication, the French have esta-
blished a small battery, which is as yet unmasked. It will
play on the covered way on the side of the Little Re-
dan, and to a great extent stop the Russian reserve-
coming up whilst the French are assaulting the works thems
selves. To-day the Tartar inhabitants of the villages in
the plain of Baidar and along the coast eastward of Cape Aia
began returning to their homes. It is not much that a Tartar
generally possesses, but of the little they left behind them they
will find nothing. Every cottage has been unroofed, and every-
thing that was worth carrying away has disappeared. Even
articles that could hardly be conceived to have any attraction,
such as portions of a wine-press or old casks, have been labo-
riously dragged away by the Turks totheir camp. On the fruit
trees there is not a-vestige of anything edible. However, the
Tartars, imagining their former fears to be groundless, or re-
ceiving a cold welcome from the Russians who occupy the
range of heights above the valley, have returned to their old
homes, and no doubt will be unmolested. Theancient Scythians
could not more completely have carried their household goods
with them on their wandering carts than the Crim Tartar
transports his effects on one or two creaking arabas. Long
lines of these vehicles now crowd the road which leads from the
east of Baidar, Kamara, and the valley of the Tchernaya. They
may be heard half-a-mile off by the incessant creaking of their
wheels, on which no drop of oil ever comes. These Tartars are
a race physically inferior to the Turks, and seem to be kept
down by ignorance which no ray of education ever enlightens,
and by poverty from which no spirit of• enterprise ever raises
them. As they slowly moved past, carrying their beds, cloth-
ing, and cooking utensils on a miserable cart, it is evident how
vain is the dream to expect any assistance from them in war,
or to cherish any ideas of their restoration when peace is
gained.

Concerning the actual position of .the besiegers and
the besieged, in relation to each other, the following
shrewd and interesting observations occur in a leading
article in the Morning Post of .Friday:—

"It is," it says, " the north of Sebastopol which feeds, and
all along has fed the south. The passage of the Bay of Inker-
man is necessary to this sustained support. The Malakhoff
Tower commands the passage, and dominates the whole lower
town. Therefore, the capture of the Malakhoff Tower would
lead in its train to the surrender, or gradual and certain oc-
cupation, of the lower town—to the sweeping of the Bay of
Inkermann by the besiegers' guns—to the destruction of the
navy therein imprisoned (yet active and powerful)—to the
opening of the port, the breaking of the bar or stockade, and
the probable subjugation of the fire from Fort Constantine.
Sebastopol would then be no more. There would indeed re-
main a few powerfully situated forts, which would have,
. however, to fight for their rivers under new and precarious
conditions. For present purposes, then, we may safely con-
clude that the Malakhoff Tower (which commands the Redan) is
Sebastopol. As the Malakhoff commands all thesonth, or now
assailed portion of Sebastopol, so the Brancion Redoubt, or
Mamelon, commands the Malakhoff. Now, this-being so, there
are two interesting particulars; first, what the Russians said
about our getting the original key of this position; and,
secondly, into what situation the captors !have, by that
and the ulterior success, been practically conducted. The
Russians in the outset—having made desperate exertions to
defend what was the very door of their ' safe,' and finding
that our allies, on the night of the 22nd of May, although
victorious, had retired after the first nocturnal battle—pro-
claimed a thanksgiving and sang a wean, Prince .Gortseha-
koff sent, on the strength of the same event, a ;very curious
report to his government. It is still more curious that he has
sent no report whatever (at least, none that was published) of
what took place on the night following. The mere truth is
that 26 Russian battalions were soundly beaten, in a whole
day's fighting, by 10 battalions of French, collected from all
parts of the empire (African alike and French proper);. then
the Russians recovered their ground, only on permission and
sufferance, for a few hours, and the next evening, although
largely reinforced, they lost them definitively. The Malakhoff
Tower, the guns of which certainly do command the Redan,
is situated on a sort of niveau or level height, the extremity
of which is now in the possession of the French, and is called
the Mamelon. But at the Mamelon this height declines
downward, and looks into the valley of the 'l'chernaya, bend-
ing from Inkerman towards Balaklava. And between this
conquered point and the Russian ' strength,' the ground rises
again; so that, properly speaking, neither the Malakhoff Tower
nor the Brancion Redoubt rules the other, although the
possession of the latter by the defender impedes against the
former by the assailants. The French have securely established
themselves in this once formidable outpost, have advanced, by
invisible and underground zig-zags, within 150 yards of the
tower. At the mouth of the covered way they have established
a battery of light guns to check sallies. The approach is
sure, though slow."

The following is from The Times correspondent :
KAMARA, JULY 24.
•
Omar Pasha has not yet returned from Constantinople, and
the idea is more and more gaining ground that he will not
again return to the Crimea. But, nevertheless, he is expected
back by the soldiers with great anxiety.
In the re:ft—for since all idea of an advance on this side has
been given up we again form the rear—there is nothing new,
except that some English light cavalry had been sent down to
the Vale of Baidar. They are detachments of the 4th Light
Dragoons, the Bth and 11th Hussars, and the 17th Lancers,
and they have occupied an open place alongside an old Tartar
cemetery, near the Woronzow-road, where this latter begins
to ascend towards the sea.
The French have moved on to Tchoulion, near the bridge
leading over the Tchernaya. Here this latter river forms our
boundary. It is occupied in its whole length from the spot
where it comes out of its native mountains, near the village of
Skelir, down to Inkermann. The only exception forms th
part of it where, leaving the VallKofekdifa gicrvnif only,
nly,
and that with considerable difficulty, accessible to pedestrians
down to Tchorgonn, where it leaves this gorge. Our outposts
were, until lately, everywhere on the opposite bank of the
river; but a slight change occurred a few days ago iu tuts
respect.

The Russians had, for some time past, been seen working
on the road leading up to Mackenzie's Farm. In the begin-
ning it looked as if they were fortifying, but it soon became
clear that, on the contrary, they were repairing the road,
where it had been cut up, in order to make it inaccessible to
any advancing force. Lately they have come down and re-
paired likewise the battery which commands the ascent of the
road, and which had been destroyed by the French on the
occasion of their advance to the Tchernaya. In consequence
of this movement of the Russians, the French outposts retired
over the bridge of Traktir.
All this looks as if the Russians had some intentions to
attack us, instead of waiting for our advance.
On the night of Sunday and Monday we had some heavy
firing in front. According to the accounts which have reached
us, the French were vigourously attacked by the Russians in
the Mamelon works, but repulsed the attack. The High-
landers are spoken of as having taken a considerable part in
repelling the Russians. But you will hear all about this from
your correspondent in the British camp ; I give you only the
version which is afloat in the Turkish camp.

ON the 30th ult., Patrick Nelson, a mason's labourer, and
another Irish labourer, named Wilkinson, were at a public-
house, in Buyers-green, when the former began to boast how
much he could drink. Wilkinson bet him half-a-crown he
could not drink twenty glasses of whiskey in an hour. They
each put down half-a-crown, and the whiskey was ordered in.
Deceased drunk all off in about eight minutes, and then
offered to drink other twenty, but the landlady refused to
bring him any more. In about half-an-hour he fell off his
seat, and became speechless and insensible, and soon after
died.—Durham Advertiser.
Tun Naw POSTAL ARBANGEmENrs.—Great numbers of
stamped newspapers sent through the post-office have been
charged postage owing to the paper not being folded so that
the whole of the stamp is " exposed to view and distinctly
visible on the outside." Persons forwarding newspapers by
post would do well to observe this condition of transmission.
On the first day of the new arrangements thousands upon
thousands of papers were cancelled at St. Martin's-le,-Grand.
In many instances the papers had not been folded so as to
show the stamp, and in others the postage stamp put upon the
unstamped paper and supplement was not enough for the
weight. The excitement was so great that it actually proved
fatal to the sanity of one of the most respectable news-agents
in the metropolis. The general mixture of his journals,
stamped with unstamped, the mistakes of his news-boys, the
cries of others who came as customers, the lateness of the hour,
and the impossibility of keeping his engagements with his
subscribers, were too much for a mind previously harassed by
domestic trouble, and in the midst of the uproar he went crazy
—literally mad.— Cambridge Press.

TEE TREATY WITU Sre.3.l.—The Times, referring to the
commercial treaty just concluded through the agency of Sir
John Bowring with the King of Siam, says—" We regard the
conclusion of this treaty as a matter of very real and reason-
able congratulation. Even under the old prohibitive system
the trade with Siam was by no means insignificant, and, now
that it is thrown open, it bids fair to attain very considerable
extension. The country produces very good sugar, rice, and
woods for dyeing, so that it must have considerable purchasing
power, and the accession of 6,000,000 customers cannot fail to
be felt in our centres of industry at home, and add fresh ac-
tivity to the busy mart of Singapore. We hope that peace
and harmony may long prevail between the two nations, and
that our new friend and his successors, content with a free com-
mercial intercourse, will abstain from provoking a power which
desires nothing better than to leave them in undisturbed p9s-
session of their crown and territory. Nor iu a political point
of view is this treaty less agreeable. The King of Siam has,
no doubt, been subjected to numerous solicitations from Rus-
sia and the United States of America, and if he has preferred
our friendship to theirs it is probably because he thought us
the most favourable to his independence, and the least likely
to interfere with his patrimony. This Prince, had he been
disposed to be troublesome, might, had he sided with Burmah,
have afforded us a good. deal of annoyance, and has, by his
ready acquiescence in our views, considerably diminished the
chance of a fresh rupture between us and the Court of Ava."

PUBLIC HORSBWHIPPING.—On Friday, when one of the
Patrick omnibusses was starting from Argyle-street, a gen-
tleman of high standing in Glasgow made his appearance at
the place, and was about to step into the vehicle. Before he
had time to do so, however, another gentleman who had been
seated on the top, decended to the pavement in great haste,
and taking from his pocket a horsewhip, commenced applying
it with all his might to the back and shoulders of the other.
At this unexpected salute the latter very naturally turned
round, and, trying to defend himself as well as he could, ex-
claimed, " What do you mean, sir ? who are •you ? what is the
meaning of this ?" or some words to that effect. His as-
sailant, who seemed to be frantic with rage, replied that he
knew him well enough, and again commenced to lay on the
whip with great energy. The other, who remained cool and
passive under his severe castigation, protested that he did
not know his assailant, that he could not understand what he
meant, and that there must be some mistake in the matter.
The gentleman who wielded the whip replied in very strong
language, branded the other as a liar, and accused him of in-
sulting a certain lady—handing at: the sane time his card.
By this' time some of the police interfered, a considerable
crowd had assembled, and both the gentlemen were dragged
or mobbed into the omnibus-office, where, amid another explo-
sion of anger, and a very free application of not the most
courteous language, the whip was again in requisition, and
laid on with great vigour. At last the parties were separated,
and both proceeded to the omnibus. The gentleman first in-
troduced to our readers as being of distinguished celebrity,
and who had submitted with singular temper to this unex-
pected flagellation, took his seat in the inside. The other, who
is also a gentleman of standing in Glasgow, and moves in the
best circles, took his seat on the top ; and so away went the
omnibus, leaving the astonished spectators behind to form
stuffheierreodwnthsipsepcuublaliteioansssa.
assault
nt
antheepppaeart
iosf
atboheugtetontlbe
emmanadwehtoo legal proceedings.--Glasllow Gazette.

FOREIGN lIVTELLIGENCE.

PRA-NCE.—The official report gives the amount subscribed
for the new French loan at the enormous sum of three thou-
sand six hundred millions of francs; £144,000,000 sterling! or
more than five•times the amount required. The subscribers
number' 310,000. The subscriptions of 50f. reach 230,000;000f.
These latter are accepted in full.—The large force which has
been collecting at Marseilles for some time, is about to leave
in '97 steamers,chartered for the Crimea. Each vessel will
carry 500 men. The flotilla will make a trial trip before pro-
ceeding to the seat of war. —A smart shock of an earthquake
occurred at Lyons on the 25th, and occasioned some slight
damage to several houses. Letters from the provinces speak
of the shock having been felt distinctly at Strasburg, Mul-
house, Metz, 'Grenoble, Besancon, Auxonne, and Dijon, but
no casualties are reported in any of those places.—The Em-
peror and Empress reached Paris on Monday evening, having
left Bordeaux at eight in the morning, and stopped at An-
gouldme, Tours, and Aubrais. _Their Majesties will, it is said,
take up their residence at-the Chateau of Villeneuve-rEtang,
while awaiting the arrival of- .the Queen of England. The
Empress is much improved: in health.
SPAlN.—Advices from Barcelona speak of the ruinous effects
of the insurrection. - .Many of the influential manufacturers
and opulent individuals had: left, or were preparing to leave
that city; five hundred millions of reals have been withdrawn
from circulation, and thousands of the working population had
been reduced to hopeless beggary.—A despach of the 30th from
Madrid states that the governors of provinces have claimed
the church property confiscated by the new law. The sales
will soon commence.—A letter of the 27th says :—" The mar-
riage which it was believed had been resolved on between a
daughter of Don Francisco de Paula and Prince Adalbert of
Bavaria, appears to have been broken off. The Prince sud-
denly quitted the Court, which is at the Escurial, to come here,
and he is immediately to leave for Munich. It is said that he
has been summoned home immediately to join the army, but
it is possible that this has been done only to cause the mar-
riage to fail.
SWITZERLAND.—A letter in the Times thus describes the
earthquake near Mont Cervin, Switzerland :—" The impres-
sion given to those within this house was that some powerful
agent had violently shaken the.house backwards and forwards.
The ceilings were cracked and portions of plaster fell, stones
were thrown from the roofs of the chalets, and large blocks of
rock were hurled down from the mountains." The greatest
damage done by the earthquake was at Loueche (Valais) in
Switzerland, where an hotel was thrown down. The persons
who were in it escaped with difficulty.
TURKEL—A conflagration took place at Constantinople on
the 17th of July, and for a time exposed the French military
workshops to imminent danger. The fire began just after
noon, and, favoured by the heat of the sun and an impetuous
changing wind, consumed 130 houses. The buildings occupied
by the French were entirely of wood, and were only saved by
the incessant exertions of the potnpiers, who likewise saved
many of the houses of the town, which must otherwise have
been destroyed. A letter from Constantinople ofJuly 19 says:
" The Sultan has ordered magnificent necklaces in brilliants to
be made, as presents for Queen 'Victoria and the Empress
Eugdnie, and saddles, also embroidered in brilliants, to be made
for the Emperor, the King of Sardinia, and Prince Albert.
The value of these presents will be about 2,000,000 f. Ethem
Pasha, Minister of Public Works in Egypt, has arrived here.
He accompanies the sister of the Viceroy, who was married to
Kianil Pasha. ex-President of the Grand Council. Abbas
Pasha forced the couple to separate, but since his death they
have become reconciled, and again -live together."
RusslA.—The Russian government not having offered any
difficulty about the exchange of prisoners, preparations are
being made by the French commander-in-chief to liberate as
many as possible from Odessa.—A private letter from St.
Petersburg states that the Czar had given orders for every
inch of ground to be contested at Sebastopol, and that the
public buildings were to be blown up in case the allies succeed
in passing the second line of defence. The same communica-
tion states that the army in Asia was to be considerably aug-
mented.

GREECE.—A private letter from Athens announces that the
currants appear to have escaped this year the fatal malady of
the vines, which devastated them for three years consecutively.
It also states that the Mavrocordato Ministry has become con-
solidated since the entrance of Lycurgus Crestinitis and of
Zygomalas into the cabinet. These two energetic Ministers,
in concert with General Kalergi and M. Mavrocordato, have
succeeded in baffling, for the present, the intrigues of the
Russian party, who, still headed by the Queen, make desperate
efforts to overthrow the present Administration, all whose
sympathies, as you are aware, are for the Western Powers.
SYRIA.—A letter from Syria announces that an insurrection
had broken out at Hebron, under the command of a certain
Abdelrahman, and that in an encounter between his forces
and those of the government upwards of 200 men of both
sides had been slain. Abdelrahman, it is added, held forcible
possession of Hebron ; but the government was preparing
irregular troops to march against him.

EGYPT.—We learn from Cairo that on the 21st of July the
Austrian Archduke had arrived, and that the Viceroy of
Egytt was in negotiation with the revolted Bedouins, in order
to obtain money and men to serve in the Crimea.
SOUTH AMERICA..—By the steamer Iberia arrived at
Southampton, we learn that the Portuguese steamer Dom
Pedro 11. arrived at Lisbon on the 29th ult. with dates from
Rio Janeiro of July 1; Bahia, July 6; Pernambuco, July 9 ;
St. Vincent, July madeira, July 25.—At Rio the
stock ourree was 110,000 bags to the end of June, against
csi.),ooo for the corresponding period of last year. Exchanges
had opened dull at 27f, tint left off firm at 27i to 272,
£160,000 having been negotiated for the Dom Pedro. Dis-
counts 8 at the Banks, and 81 to 10 privately.—At Bahia the
exchange was quoted at 27 to 28, and at Pernambuco MIE
ship Joseph Sanderson, from Calcutta for Liverpool, all well,
in lat. 14 48, and long. 25 54 ; also, on the same day, spoke
the English bark Mary Stoddart—The royal mail steamer
Avon was spoken with at Bahia; she left that port on the 6th
July for Rio de Janeiro.—The Portuguese steamer Donna
Maria 11. left St. Vincent on the 18th for Pernambuco, and
the royal mail packet Great Western left Madeira on thp 17th,
also bound for the Brazilian ports.
WEST INDIES AND PACIFIC.—The Tyne arrived at South-
ampton on Friday with advices to the following dates :
Vera Cruz, July 5 ; Tampico, 1 ; Havana, 11 ; Santa Martha,
9 ; Greytown, 4 ; Carthagena, 11 Chagres, 9 ; Jamaica, 11 ;
Jacmel,. 13 ; Porto Rico, 15 ; Berbice, 9' • Demerara, 10 ;
Tobago, 12 ; Trinidad, 13 ; Barbadoes, 14 ; Grenada, 13 ; St.
Vincent's, 14 ; St. Lucia, 15 ; Martinique, 15 ' • Guadaloupe,
;16 ; Dominica, 15 Antigua, 16 ; St. Kitt's, 16; St. Thomas's,
18 ; Valparaiso, June 14 ; Callao, 24; and Paita, 27. She
brought $650,877 in specie. At St. Thomas's yellow fever
was very prevalent, and the mortality was rather great.
Heavy rains had fallen in Jamaica. In British Guiana the
progress of:the crops had been retarded by excessive rains.
At Grenada the weather was unfavourable for the crops. We
learn from Chili that a company had been formed for the con-
struction of a railroad from Santiago to Talca. The mines of
Copiapo were still improving. Rich deposits had been reached
in Chanarcillo and Tres Puntas. The state of the weather
was unfavourable to commerce. In commercial matters there
is no change for the better to report. Freight to England £5
to £5 10s. per ton.

INnrA.—Bombay dates are to June 27. The rains had
commenced auspiciously, and, as far as accounts inform us,
the opening of the south-west monsoon had been attended
by neither squall nor thunderstorm. The catherans and rob-
bers on the Peshawur frontier have been giving some annoy-
ance, sacking the villages within the frontier, burning the
grain stored for the season, and carrying the inhabitants away
with them. Major Edwardes, the Commissioner, with a
brigade of the Punjaub Irregular Horse, under the command
of Major Neville, Chamberlain, had been out endeavouring to
bring to order a series of villages which for three years had
refused tribute, and spurned allegiance. On the approach of
our troops the rebels sued for peace, offered to pay up their
arrears, and promised to be on their good conduct henceforth;
and, as this was all that was desired, they were left unmo-
lested. Village burning is only resorted to with those who,
having invaded our territories, and done all the mischief in
their power, retire before and defy us. The Governor-General
is still on the Neilgherries, which he is not likely to leave till
October next, and Lord Elphinstone is at Poona.

CnrivA.— Canton dates are brought down to June 8. The
Overland Friend of China regards the recent reverses of the
rebels as only temporary and local. The Pekin Gazette of
April 20 supports this view, admitting that Woo-chang, the
capital of Hoo-pih, has been taken by the rebels, and Hank'.
how has again fallen into their hands. The Lieut.-Governor
of Hoo-Kwang and the Prefect of the provincial city both
died in the struggle. The North China Herald states that
the rebels have taken the city of Kwang-sin, in the north-east
part of Keang-se, and that Lew, of Shanghae notoriety, and
Seiou-kin-tsze, are said to have raised their standard at Tung-
pa, situate about sixty miles to the north-west of Soo-chow.
The Canton government, according to the last-mentioned
authority, is straining every nerve to carry forward its plan
of ruling the country by sanguinary force ; and, in pursuance
of this, a reward of fifty dollars per head is given to the lead-
ingmen of villages for every man denounced as 'a disaffected.'
The distress among the poorer classes at Canton has been
relieved by considerable importations of rice. H.M.S. Rattler
has been busy among the pirates. On the 28th of May a
second pirate fleet of six boats was destroyed, five captured
vessels released, about thirty pirates killed, and four made
prisoners by the boats. It was said that the headman on
shore had caused five of the pirates to be seized. They were
offered to be given up on payment of a reward. Next week,
however, a colonial lorcha, with seventy chests of opium on
board, was captured by 4 fleet of pirates at St. John's, on the
west coast.

AIISTRALIA..—The ship Catteaux Wattell has arrived from
Sydney with accounts of May 13, and is supposed to have gold
on board. The dates from Melbourne, indirect, are May 10.
The Boomerang, with the English mail of Feb. 5, had not
arrived, being eighty-eight days out. The Essex was to leave
Melbourne June 1. The import market at Sydney maintained
the improvement which occurred before the last advices were
despatched; but the supplies were adequate, and of building
materials in excess. The Government had not raised the
duties. Produce was in demand, as the exchange in London
had risen to 2 per cent. for thirty days' bills. Via Panama,
we have also dates from Melbourne to the 10th.
CANTERBURY, NEW ZEALAND.—A man of the • name of
M`Kenzie, influenced, we presume, by the " border," spirit of
his ancestors, coolly " lifted" a flock of 1,000 sheep, which he
drove off in a westerly direction, with the view, it is supposed,
of getting into the Nelson district over the mountains. After
a chase of some days the sheep were recaptured, and tke thief
himself subsequently taken.—lt is confidently stated that a
process has been discovered by a resident that effectively and
cheaply prepares flax for the market. So satisfied is -le in-
ventor of the feasibility of his plan, that he is preparing an
establishment for carrying out operations on an extensive
scale.—The funds of this province are most flourishing, the ex-
penditure for the last quarter of 1854 being but £2,1(0, and
the balance in hand £22,700.

TITIMISH Lou BlLL—Aftei reciting the text of the con-
vention, the bill authorizes her. Majesty, in conjunction with
his Majesty the Emperor of the French, to guarantee the in-
terest on the loan, for which purpose the Commissioners of
the Treasury are authorized to issue out of the consoldated
fund of the United Kingdom such sums of money as nay at
any time be required to be paid to fulfil her Majesty's
gua-
rantee in respect of such interest as and when it may become
payable, together with the attendant charges of management
thereon, such charges in no case to exceed the rate of £3OO
per million of capital on which such interest shall be.so pay-
able. Sums repaid as interest are to be carried to the Con-
solidated Fund, and the accounts are to be laid before Radix-
ment,