The Express.
London, England, 1851-01-18 00:00:00

MONEY MARKET.
Flans Beaux..
The beerier negotiated in foreign bills of exchange
to-day wag net considerable, and the rates ere gene-
rally lower, except Frankfurt, which is study. There
was a short supply of bills on Ha thug, which were
esgotisted at 13 marks 41 to 13 marks 5. Bile OR
Pans at short were 6 centimes lower,and at 3 mouths sa
1111 centimes. Amsterdam was a shade lower. Bills Ilt
oe Italy were without change, and little was done 116 I to
Stem
The following were the prices negotiated :
efta rrieseasseesest
ha
is
To
moot
M. ..... 11
171
..... 17l
91 6
917 s
. ..
1
3 14 I
44: J
13 M ...... 13
11
Rem*
Whoa Mr date.. 13
mono
The d.econnt on gold yesterday at Paris was 2 per :
mills, which, at the English Mint price of 31 175.101 d. as
per ounce for standard gold, gives an exchange of et
25.09+; and the exchange at Paris on L .ndon at
abort being 24.921, it follows that gold is 0.675 per 13
cent. dearer in Paris than in Loewe.
tit
By last act:ousts the price of gold at Hamburg is sa
419 per mark, which, at the English Mint price of al
31. 17s. 101 d. per ounce for standard gold, gives an lit
exchange of 13.2; and the exchange at Hamburg on e
London at short being 13.4, it follows that gold is et!
0.919 per cent. dearer in London than in Hamburg. u
The last quotations of exchange in foreign places 06
on London at the eh-irtest dates, Grey—Adelaide, 101; Gi
Amsterdam, 119. BO; Bahia, 30d. ; Berlin, 6th lB,t ;
Bombay, 2.. 2d. to 2.. 3d.; Semen, 610; Burnes :I
Ayres, 74.. to 76e.; Calcutta, 2s. 2,d. to 2s. 21d. ; se.
Canton, 4.1. 11d.; Charleston, 109; Copenhagen,
b rd. 90; Frankfort, 1171 • Genoa, 25.08; Gibraltar, >t6ol to 1 • Gothenburg 11.36; Hamburg, 13m. 4 ; it.
Havannah. 1101,
;Jamaica, 101 to 102; Leipeic,
6th 181 ; Lisboa, 1041 d. 66; Madrid, 60.65; Mobile, is
108; Montreal, 111 ; New Orleans, 109 to 1091 ; 21
New York, 1101 to f ; Odessa, 2,1911, 2250; Oporto, at
8414, 65d4 Paris, 241 r. 921 e...; Perausbece, 291 d, 30d.; Si.
Riga, 3190.; Rio Janeiro, 29id, 30d.; Rome, 466 ' •
St Petereberpr, 38 1.16 3-16 d. ; Bt. Thomas, 4 dole. se
82c.; Savannah, 1061; Sbanghae, ss. to 6.. Id.; :,,
Singapore, Ss. 9d. ; Smyrna, 1101, 11l piastres; se'
Stockholm.ll.36; Trieste, 123.32; Valparaiso, 461 d.; ILL

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Vienna, 1216 44. to
, The priers of silver bullion remain as before. ii
The Gresham committee have decided on making a IT
oompromise as to the Exchange hours ; instead of se
acceding to the memorial, and fixing half-past three ll'
as the time for going in, and four as that foe closing, ;
they propose • quarter to four as the Latest time for at.
entering on 'Change, and the buildieg to be cleared at
quarter-peat four; which will save a quarter of an hour a
in the present arrangements. 11.
Pt
Prom the North-Western Bank of India we have is
received the following: 111.
The agent of the London branch North-Western Bank of Lit
lodes pretests Lis compliments to tLs editor of the Es- rs.
row, and will fee; obliged by the publication of the follow- se
in correct statists' of the defalewiona of Use beak's acme- is
tory at Illeasst...-1. The amount misappropriated sad
sescousted for by the secretary, Usk', P. Angelo, is shout IL
12,0001 2 This di Ramey we' euesaled from the directors
by false debits and credits made is the handwriting of the u,
seentary. 3 The bank will not suffer say loos, the gear u
hary's securities being ass of 11•11,1iAll and property 4. The 124
[task's lows doriet the panic of 11347 were sever concealed, W
sad have been provided for. (Take paragraph is amnesty 4
tel of the report in • owning paper of this date).
—62, Mootgete-street, January 17. as
At the halt-yearly general meeting of the South 23
Australian (Burrs Burrs) Mining Association, held 1:
at the offi is of the company, Adelaide., the 16th 0.- a
tuber, 18311, the report from the directors, which was ISI
submitted to the shareholders, shows that the opera- ii
tions for the put six months bad been marked with Is
the same abunda:.t success that had hitherto change :
farised the preeeedings of the company. The ore is
brought to surface during the last half year exceeds :
11,900 tone, including a quantity of low produce ii
ores, which could not be profitably raised previous to is.
the arrangement with the Patent Copper Company, :
but the additional quantity will more than compen- is
late for any deficiency in the average quality. 'the :
return of ere produced annually daring the last five se
years shows the raising. of the last year to have ex- !It,
rmeded any other by nearly 50 per cent. ; that of last ;
year being 18,092 tone, and the total raising. for five is.
years 86,128 tons. By the balance sheet it appeared :
that the profits acquired by the company from the u
31st December, 1848, to the 29:h Septemter, 1849 If
(nine months) amount to 57,0631. 86. 9&, and, deduct- sit
iog rent and fees received, together with the Wanes
of undivided profit brought forward, it leaves a profit :
on the 7,789 tons of ore raised in that period 118
of 53,889 i. 19.. 9.1., or 61. 18s. 4d. per ton,
while the coat of producing the ore amounts to s
72,3111. Os. 7d., or 91. 63. 2d. per too. 82 favourable is
a result as this hes not been experienced since the
years 1846 and 1847, when the ores wire found near Is
the surface, and consequently raised at a much less
out. Toe whole of the transactions of the company, se
from its formation to the 29th 8 ptember, 1849, em is
-
bracing four years and a half of the company's ex- ;
isteoce and four years' working of the Burrs Burn N
Mines, have now been finally balanced, and the
profits during that period amount to 229,6351 81. frel.,
et which 221,7601. have been divided among the
shareholders, in twelve dividends, and the balance,
7,7731.85. 9.1., remains to the credit of profit and lees.
The ore raised during this period was 37,736 tone, at
a cost of 309,8261. 3s. 6d., or 81. 4s. 3d. per ton, and
produced in the province, free of freight and charges,
636,4861. 10e. 411., or 141. 4a. 4d. per ton, leaving a
profit of 226,6611. 6s. 104., or 61. N. Id. per ton,
which, with 2,8741. la. Ild. received for rents, fees,
&c., make the amount of profit above mentioned. In
vatting the company's property, the directors state
that the greatest cue has been taken to keep the
estimates as near as possible. The ore aid copper
have been valued rather under the present low rates,'
so that in the event of • rise in pone the company'
will be in a much better position ; at the same time,
should a slight reduction take place, a margin hen
already been allowed for such • contingency.
Of the sum of 113,3541. appearing in the di-
rector's statement as profit, only about 52,0001.
is applicable to dividends. The balance, composed
of the several. items of land, buildings, emir, &o.
although assets of the company, cannot be realised
during its progress. The statement of the expendi-
ture of the company for the twelve months ending
September 30 shows that large some have been dis-
bursed fur land, buildings, and stores, amounting to
the sum of 48,6081. 18s. 4d. The outlay in land
purchusd is so much value added to the company's
property, while the large expenditure for stores will
render it ler necessary to purchase extensively this
year; and as the principal buildings required for
carrying on the mining operations are for the most
part completed, or in property, a much less sum will
hereafter suffice for this department. The probability
is that half the above amount will be sofficient to
cover these items in future years. The state of the
Burra Barra mines is reported by Captain Roach
to be satisfactory throughout. The dirt eters con-
fidently state that the affairs of the company are now
in such • prosperous condition that the regular pay-
ment of quarterly dividends ninv be relied on.
This day's City will be found in the sth page.
Itootte about the EibibitioC, and for Exhibition
editors, will, judging by the immune Mitts, be asserts'
'sough, but the 6r4 in the held of env mark is one the
joist nametape of George Cru kekaak and Ur. Henry
Mayhew, M which we an moaned a full and panatelas
enema of the visit of • country couple, who joie in the visit
of all the world and his wile to the •• Bee-hive Show."
WIMAI. CONCORD MINING COSPAMY.—Yestertlety
the Ist of essultittorlse la this tympany was proceeded
with by his Bacot', Master Brougham, in the sterns 41
Six W. Worm, when forty.6ve peruse, whew eases of ibi.i
lity were sadimoted, were pissed sum the list—the Me.'
paled ern standing over.
(Adrertieement.i—HOLLOMAT'S PILLS A Brill
ass on ros Cot,ioi, wee, •ND OrP Of 'MI CAUL—
Thew comp laints be eg accompanied mews antis by fever, theism
poses saneures Await be adorned to mbar the febrra settee of the
item,sod alley the itlit.9l•43of the affected pent% SR whirdi
pow melons corpora I iolloway'a flit lot the
_maw then Yoe
immsdime tee nose 10 a few down of this boadmatie madiatam, whir
will worn remove all weight or into to the Ml* ;alas be the
abed, or a treohtersase mast, end thereby peeseele sa eery reran-
ten, sad effect a ern du mom. For asthma .Y sg Npoetiens se de
=dr we ovally efficacious. - Sad by ma deagaielth mai et
Beilairers grnabiselsorM, 244, Streada Lades