The Express.
London, England, 1848-05-24 00:00:00

L
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in England, by the solo of bills on the Court of
Directors. In the meantime government have notified
that the present st sytem wal continue during the
official jeer 1848.9 ; and tho amount hk..ly to be
required is stated at 700,0001., at the ticking(' of

Is. 10d. per rupee.
S.r Henry Pottinger arrived at Madras on the ith
April, and immediately assumed the government of
that ore eider: y.
Affairs in the Khond •isturbed districts at length
begin to look up : Colonel Campbell's tour in Hoed
his been attenile d with the happiest results. Welt
of the people have returned to their homes, and a
large number of Mmiahs (i.e. children, intended for
sacrifices) has been surrendered voluntarily into his
hands by the chiefs, who had nearly all tendered
their submission. The :t arch-fiend" Chokra Bissye
had competely given his pursuers the go-bee, and
his whereabouts was a mystery to all. 'lt was
at the same time known that he had been
so hard pressed that he had been obliged to
disband his few remaining adherents, and es-
cape with but a few to some hiding-place where
we could not follow him, even did we know where
he was. Tat he is in our hands, of course, the per-
manent tranquillity of the country cannot be looked
fur. Hunted as he has been, it iv possible:he may ere
long surrender himself into our hands. A considerable
amount of sickness had manifested itself amongst the
troops above the gleams, and our agent, Lieutenant
M.Vicear, had been seriously indisposed.
Gen. Frazer, having obtained Mayo to Singapore,
has been temporarily succeeded in the Hyderabad
presidency by Col. Low. This lust officer has reached
Hyderabad, and as a matter of course had an audience
of the Nizam, by whom he is said to leave been must
cordially received—hence the deduction that matters
will soon assume a healthier aspect. It is certainly
natural to infer that things will go on better where
friendship prevail* than where Jealousy or dislike
holds sway ; but, till the present prime minister has
been dismissed. and some one more in the con-
fidence of both the prince and our resi-
dent has been appointed in his stead, any
material amendment cannot be looked for. The
Nizarn's treasury is empty, and the pay of his con-
tingent greatly in retreats, the troops at Aurungabad
only having received their pay fur December in the
present month.
Our dates from I longkong are to the 30th of March
inclusive. The Peninsular and Oriental Company's
steamer arrived on the '!llth of that month, when the
new governor, Mr. Bonham, landed with all the
honours. Matters in Canton continued quiet, though
early in the month appearances were unfavourable,
owing to an 'affray at Whampoa between some Ameri-
cans and Chinese:, which however was hashed up. A
fatal accident, near Canton, by which a Chinaman
lost his life, was satisfactorily explained without
any official notice being required. The I 1 criminals
seized for aiding in the December murders had re-
ceived their sentences of punishment. At Shanghai
we have to report some grave events. Early in the
month three English missionaries were attacked,
beaten, and severely wounded, by some grain-junk
men out of employ. They were rescued by the
well-disposed resident Chinese, and taken to their
boats, and returned to Shanghai. Her Majesty's
Consul demanded that the ringleaders should be
produced end identifies!, in order that they might be
punished. The Chinese authorities being rather
tardy in meeting the consul's detnands for redress, he
issued three notifications, and finally laid an embargo
on a number of grain-junks laden with rice for the
north, with the view of forcing the authorities into a
compliance with his demands. At the latest date from
Shanghai, the 19th of March, her Majesty's ships
Childers and EripMgle were before the town, and all
English ships had been ordered to be in readiness to
assist, and the embargo then continued in force. It
is to be hoped no collision has taken place, and the
late advises lead us to expect an amicable settlement
of the matter : but it had been deemed prudent to send
up her M ijesty's steamer Fury, which sailed on the
29th of March for Shanghai.
(From the Bunibay Times.)
The most important items of our intelligence con-
tinue to be commercial. Judgment has been given in the Su-
preme Court at Calcutta in favour of the validity of poet.
hills, issued to the extent of above a million sterling, by the
Union Bans. Though not only nut recognised by the
charter, but en contravention of its provisions, the existence
of post-bills was known to the sksreholders—their issue was
acquiesced in by their acceptins a share of the profits
realised on them, and their validity was believed in by
those who accepted of them, and therefore in equity
they are held valid. The soundness of the vieve of the aunt
seems generally sequiercecl in, though at variance with the
opinions previously given by counsel. This will maintain
or extend the responsibilities of the shareholder in proper
tiun as it protects the interests of the bill owners. The
prospects of the bank seem tee darken on every
side: the shareholders hold hack in stolid apathy, while the
creditors are beginning to push their claims with relentless
determination. The debtors of the bank, and those who
have literally made away with a couple of millions of
its funds, are treated with • gentleness and forbearance
which contrast singularly with the warmth with which
the unhappy shareholders are urged on. Mr. Ayrton,
attorney, hes been seat round by the Commercial Bank eef
Bombay, to insist on early payment of the 40,0001. of ita
funds appropriated to their own uses by the Union Bank
when sent to them for the purchase of bills on England.
The members of the Calcutta bar have unanimously re-
fused to hold briefs along with Sir. T. Tartan.—
Mr. Grant, sun of the late Justice Sir J. P. Grant, seems,
to be in not much better favour, and for kindred reasons.—
The firm of Carr, Ter re and Co.. of Calcutta, have become
insolvent. The liabilities of the house amount to 2.54,6201.
and the wets to 290,e19.11. The houses of Barlow and Co.
and H. Adam and Co., at the Mauritius, have declared
themselves insolvent. Their liabilities respectively are
337,96.1 dole. and '2,378.293 dots , and assets,lo7,Boodols. and
1,043,580 dole. Islam Khan, the Boogtie Chief, who sur-
rendered himself in Sept. last after the brilliant actios of
Lieut. Merewether, and who had been located by
government on the rich lands near Lerkaaah, has fled
with his family to the hills. The Dewan of Mooltan is
said to have agreed to surrender to the Lahore state
the lease by which he at present holds this very valuable
district—Her Majesty's 10th Regiment of Foot had
moved into the new barracks built far them at
Anarkullee. The weather was warm, but the
health of the troops was excellent.— A subscription
for a testimonial to Lord liardinue is presently in pea-
lgem throughout the northern division of the Bombay army.
—The troops have been directed to withdraw from
the hill country during the sickly season. His High-
ness the Rajah of Satter& died on the fith inst. He leaves
no heirs behind him, and the country lapses to the British
government : its net revenues amount to 150,0001. a-tear. It
will for the present, it is understood, be placed under a
commission.