The Express.
London, England, 1848-06-01 00:00:00

ITTlittl;

SHIPPING.

Mate Arottven.—Dublie, 3 ; Waterford, 2; Destagha-
dee, 1 ; French 1 ; Flanders, I.
LONDON, June I.—Wind this day at noon, W.N.W.,
likht breeze and hazy.
LITIMPOOL, May 31.-7 he vessel captured by the French
blockading squadron off I3uenor Ayres, and sent Into
Monte Video for adjudication, was the Eliza Cornish. A
derelict of about 20 tons, with white scroll figure-head, smd
with the name " E. C. Pierce and C. A.," the two first
letters of the port she sailed from visible on the stern, was
passed on the 13th inst., in lat. 42, long. 48, by the Royal
William, arrived here.

DESTRUCTION OP A RAILWAY BRIDGE BY FIRE.—
NEWPORT, May 31, 1848.—This morning, at a quarter-past
six o'clock, the wooden bridge in crimse of construc-
tion across the River Usk for the South Wales Railway,
completed with the exception of the centre span, whien,
in consequence of its great width, require t enormous
arches of timber, was discovered to be on fire. The flames
flew with the rapidity of lightning to each end, and in leo
than live n mutes this splendid structure was enveloped in
one mass of fiao.e. It is ouppo-ed that a workman, in in-
serting a red hot bolt, set fire to the wood. It was with
difficulty thvt a horse and ballast tram. c ;uld be got off
before the fire had reached the end of the bridge, which is
entirely destroyed The fur centre spans have fallen in,
and the fire is still raging on the eastern side. The loss is
computed to be between 20 0001 awl 30 0001. It is stated
that the bridge was insured; hut the accident will be a great
loos to Messrs. Re- Me and Co., the contractors, besides re-
tarding the completion of the work, upwards of two years.
the bridge was within a week or two of completion.
Tux NEW ZEALAND COMPANY.—The directors of
this company held their annual general court yesterday, at
the house of the company, Brned-street. H. A. Agliooby,
Eaq , M.P., took the chow. The report was read by Mr.
Haringtoo, the secretary. It stet d th .t the agreement
which had been entered into with her Mejosty's government,
and which received their assent on the lsth October of last
yew, might be described as consisting of two parte ; via ,
Ist. An investiture of the rights of the crown over all the
lanes that were or might become crown property, and avail-
able for colonisation in the southern province ; and, 2ndly.
An advance of a certain loan to he applies to colonising pur-
p ws, till such time as sufficient funds should be duly real-
teed from the proceeds of those lands. Upon these points
they were at present in correepowlence with Earl Grey, and
trusted it would soon be satisfactorily coticluded. In order
to the proper adjustment of the complicated dispu'es which
had arisen with r. grad to the extent sod position of the
available lands, cope lady in the settlenieet of N. lan., they
had adapted the measure proposed by the col oaks them.
selves, vii, to soli ct as sole arbitrator, io ouch eases
as might yet require arbitration, the Welly io oat
whose position and character gave the surest ple lee of im-
partiality cud justice, his Excellency Governor Grey, and to
pla^:e at his disposal the company's entire landed property,
out of which the necessary equitable adjwtment might he
made. Letters had been received from the found nof the
presbyterian settlement of Otago, which cohtaitied very
gratifying accounts of the health and contentment of the
emigrants. The new settlement of Canterbury, which was
brought forward uniier the auspices of some of the highest
and most venerable names that England c mid boast, had
also every prosp. et of attaining prosperity and wealth.
Total receipts, 100,2741. 19s. 7d ; total expenditure,
70,4181 14,. 6.1. ; leaving a balm ea of 29,8581. ss. Id.—
The Chairman then put the question of the adoption of the
report, when Mr. Dominid said that on a former occasion
he put a qu^ stion to the court to know whether any portion
of the hie& supplied by the government to the use of this
company would be applied to the use of the ol er settle-
mews, when he received an answer to the effect that none
; of the money could he appropriated to any of the older
settlements. He bad since looked at the act of parliam^ tat
for the promotion of colonisation in New Z.:111111li, and could
discover nothing to preclude their apprupriati•g part of the
money to the hew fit of the older settlements. His object in
drawing attention to this en etterw as to bung to theirrniuds that
the older settlers in the different colonies h► I really staff red
to much that it would be a particular boon to them to circulate
some thousands of pounds, to prevent which there existed
nothing in the act of parliament; for he found that it was
only necessary for the proprietors to concede the power. And
it was within the jurisdiction of the commissioner to object
to it, and annul any proceedings that they may take. He
brought forward the testimony of Col. Wakefield, C ^pt.
Liardet, R.N , Mesare. Cooke, Wicks•adt, liaise, and Dr.
Forbes, to show Mettle town of New Plymouth was in sited
of a great wispy improvements to promote comrnunieetion
by land and water, and then moved " that the (Brewers be
authorised to ripely any sum not exceeding 3,0001. from
the loan of 72,0001. to be adawic d in 1848 an
shall be found necessary to clear and pile the b ^sin
at the Hua-Toki River; to erect a jetty and wharf, with
approaches thereto, fur the cone( ni nee of the colonists at
the town of New Plymou n, the chief materials required
b ing on the oput."--The chairman said that as the ques-
tion which Mr. Burnand put had nothing to do with the
report, he would postpone its consideration until the report
had beers disposed of, which being agreed to, the report was
unanimou•l adopted, and the chairman proceed^ dto say
that Mr. Burnand must have mistaken when he stated
that in answer to his question on • former occasion he re-
plied that none of the money lent to the company could be
appropriated to the use of the older settl-rnents. It had
been, be had no doubt, always the desire of the directors
and proprietors to Wok after their wellere; and he would
impress upon Mr. Burnand the propriety of dropping his
motion for the present, and leaving his suggestions to the
consideration of the court, which he promis. d would pay them
the utmost attention.—Mr. Burnand adopted the suggestion,
and proposed the thanks et the meeting to the chairman,
which being agreed to, the courtadjourned.

- -
DRURY-LANE THEATRICAL FUND.—Were we to
yi..ld to the impression with which we quitted the anniver-
sary festival of this fund, held at the Freemasons Tavern last
night, we should iodu' ge in an elaborate critique of the musical
treat by which it was distinguished. But, as we cannot do
full justice to both, we must only observe, that the arrange-
ments embraced au excellent baud, under the direction tat M.
Jullien, and a 'octet don of songs by Miss P. H .rton, Miss
Dolby, Miss Birds. Mr. W. Farren, Mr. Sims Reev. s, and
others. About 1.50 gentlemen sat down to dinner, the Duke
of Beaufort presiding, in the absence of the Duke of
Cambridge, who excused himself on account of indisposition.
On the Chairman giving "Prosperity to the Drury lane
Theatrical Fund," Mr Hart y made his customary addreu,
detailing the advantages of the institution, which was so
fully appreciated and so liberally aided, that during the past
year it had been enabled not only to meet the claims of its
annuitants, but to afford occasional relief to those of the pro-
leasion who bed no claim. "The Memory of David Garrick,
the founder," was drunk in solemn silence. The noble
Chairman, in proposing " Prosperity to the British Drama."
observed, that although he could not help admiring the
naivete of French a tors, and the dulcet noses of Italian vo-
calists, be trusted the day was not far distant when our
principal theatres would again be devoted to the perform-
ance of the It ultimata drama by British artists. Amongst
the donations received, amounting altogether to near 8001.,
were, from her Maj. sty, 601. ; the Doke of Cambri ige, 201.;
the Duke of Baufort, 201. ; the Doke of Devonshire, 25
guineas; the Doke of Bedford, 601 ; Mr. C. Kean, 201.;
Lord W. D'Ereaby, 201.; and two legacies of 1001. each.
DEATH OF SIR THOMAS DICE LATIMER, BART.—Sir
Themes was born in 1784, and succeeded to his baronetcy in
1820. The title (a Scottish and Nova Scotia one) had been
in his family since the revolution of 1688. His earliest pub-
lished work was a paper on the parallil roads of Lochaber,
which was originally reed by lira as a member of the Royal
S.ci• ty, Edinburgh. and subs. (Lowly piented in the
transactions of that body. Afterwards appesred two
novels, reapectivfly entitled the " Wolf of Badenock,"
and " Lochandt,u," both in three volumes ; then
an account of the Morn) shire Floods in 1829; " High-
land Rambles, n
a series of tales and sketches ; an
Edition of " (lapin's Forest Sceisery ;" and lastl, of com-
plete works, " A Menioi ial of the Queen', First Journey to
Scotland." More reef n'lv, be was an extensive contributor
to " Tait's Magazine," his final offerings to it being a series
of papers on the rivers of Scotland. He was also secretary
to the Fishery Board, the Board of Manufactures, and to the
Royal Institufioa. His death took place on Monday last.

COMNEIICIAL .I:AItICETS.
MONEY MARKET & CITY INTELLIGENCE.
7wo o' Clock. —We have a Flight improvement in
the funds this morning, but with a dull and quiet
mark. t. Consols are quoted 8:34 to 4, lx,th for money
and time. Reduced Threes, 82; to 1. Three-and a-
Owirter per Cats., 831 to 1. Exchequer Bills. 31s. I
to 365. premium. Bank St,a, 191 to 3.
The irritating character of the intelligence from
Madrid has naturally brought forward sellers of
Spanish bonds, on the ground that it will be impossi-
ble for this government to tolerate much longer the
indignities studiously heaped upin it and the perse-
cutions practised towards British subjects. It is sup-
posed that retaliatory measures of some kind will
shortly be resorted to against Spain. Spanish Fives
have declined to 121 to t ; the Threes, to 221
to 3 ; Passive, 31 to 1. l'ortugueso are rather
better, a' 161 to 171. Dutch Two-and-a-Half per
Cents., are 42 to 3 ; the Fours, 62 to 3. Belgian re-
main 58 to 62. New Grenada, 12 to 13, Mexictn
are still lower, at l 4; to 151. Peruvian, 35 to 7.
Venezuela, 17 to 20. Russian, 86 to 9.

ENGLISII
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