The Express.
London, England, 1849-03-01 00:00:00

GERMANY.

PRUSSIA.—We have news from Berlin of the
26th ult. On that day the King of Prowls opened
the Chamber in person.
Three cheers were given for the king at the break-
ing up of the living, which he acknowledged with
salutations as he retired with his retinue.
The point of the speech which drew meet attention
was the paragraph which related to the German union,
to effect which 'Prussia would make sacrifices.

DISASTERS IN THR CHANNEL.—Our catTraponcient
at Boulogne writes : This ham been a harftd day in Boulogne,
the wind at westward, blaring a homy sale. Three vessels
are ashore, total wreaks; cue laden with all, is., mow all
lost; one with awls, eel y sae saved ; smother with wine,
mew saved, bat the lives ofd three of them are despaired of,
hem the Werke received. The m& still madame naabated,
and I keel have only reseeded a pert of what will amour be-
fore mendag. The lib beat (if such it might to be
waled) played a sorry part, although well manned,
in part by two of the crew of the Oedine 'teaser, who, I
need net_ my, behaved gallantly. Late in the afternoeu a
boat belonging to one of the fithieg-boats and their
crew saved three of the men, and they de-
serve great proles for their courage sad gallant conduct.
The Princess Clenseatine, Captain Moryes, left with forty-
'''. for Folkston', at 1.30, not envied by any one
oa t was impoesible fee him to render the slightest
sasistesse to the 111-fated teasels or their unfortunate mows,
bat a usual rieming is, Capt. Memo evidently wuned, sad
she teektd about sad left the &fated spot. No boat has
arrived ftem Folkesrate, nee sae the London beat go eat.
CalvreitanY C0=0; LONDors.—YeaterdaT, the
annual geseral nesting of the previews of this institution
was held in the theatre of the college, Remy Warburton,
Esq., in the chair. The report stated that the number of
stuients daring the maim of 1847.8 was as taloa.
Faculty of modkine, 315; faculty of arts, 252; junior
sand, 306; total, 875. In the collage dames of both facul-
ties the number exceeded that of the former year—in medi-
cine, by 12; in arts, by 20. In the junior school the pupils
were lees by 46 then in the preceding session. The amount
of hes was 16,3024 les , of whiab suns 7,4861. 6e. was
remind from medical students, 3.9321. Ss. from
students la eras, and 3,885!. from the junior
seised. The share of the professors and masters,
besides augmentations, was 9,6721. ls. Bd. The Collate
w 3,1951. The sum of 2,5361. 4s. was •reesivid
portion
udents in hospital practice, sad wan contributed to.
wards the support of the charity. The number entered for
the chose of the faculty of arts was 206, exclusive of 46 to
the schoolmartetf Maros. The new students wore 104, an
increase of 7in the aggregate. In the class of mathematics
there are now 122 *admits ; last year the number was 117.
The class of Latin has this year 79, being an increase of 7.
The class of architecture has inoreased from 29 to 32. The
class of analytical chemistry la the Birkbeek Laborasury has
progressively increased eines it establishment, and
Sow Amdahl, 23 students. In the junior school
this tees the number of boys is 253. The council aeknow-
lodged the following donations sad Wades : 1001. by Thos.
Dyes, Req., of Dies, in Norfolk ; 5,0001. item a friend to
civil aad religiose liberty presented through the late lasi al
Auckland to be kept entire, and designated the " Andrews
Fond." The council have decided on instituting three
scholareh_ ips of 501. per annum each to be awarded to the
best proddente in Latin, Greek, 'mathematics, and natural
philosophy. The repeat stated that the hospital required
the most strenuous auctions from all the ft.'ds of the
college, considerable debts having been incorred daring she
last worms. The appeal made et Chrietosse last bed resulted
in contributions to the amount of more than 1,2041. ; 300!.
hod been granted by her Majesty out of the estate of the late
If,. Sawyer, of York. The balance sheet showed that the
endowment twos stood as follows —the Flaherty scholar-
ship, 5,7141. Ts. 6d. Patriot, applied to mhoolimaaters•
chases, 5001. • and corisplerieg some part of the budding,
3,0001. The Holloway fund, 2,3501. ; Andrews scholarships,
6,1611. ,• Ricardo's library, 7501. ; Fellows's clinical medical
fund, 6001 Brundrett find, 1,200 f. ; ditto reversionary
fund after the death of anaultants, 1,3351. • the Beam be-
quest reversionary after the death of Mu: Bacon, standing
in the cams of the seconataatinneral, 10,0091. The report
was adopted, and Lied Draughina having been elected presi-
dent, and the Esrl !.skews vies-presideat, a vote of thanks
was passed to the ebairms, and the prmedinis terminated.

COMMERCIAL & MARKETS
MONEY MARKET & CITY INTELLIGENCE.

Two o'Clock.—The news front the Continent is
considered so favourable that, with the French Benter
coming with an extradinary improvement, Consols have
advanced to 911 to 2 for money, and 92 to 3 for
account, with a kiak market. June Exchequer Bills
391. to 425. premium. Bank Stock, 194 to 6. Reduced
Three per Cents., 92 to 3. Three-and-s-Quarter per
Cents., 93 to 1.
We have an advance in Spanish bonds, but other-
wise the foreign market is quiet, and prices without
particular variation. Spanish Fives are now 181 to 1;
the Threes, 29 to 4 ; Passive, 3-1 to 4. Portuguese, 26
to 6. Belgian, 81 to 3. Dutch Two.and-frlialf per
Cents., 49 to 60 ; the Fours, 79 to 80. Russian, 107
Ito 9. Danish, 66 to 8. Brazilian, 82 to 4. Buenos
Ayres' 25 to 7. Venezuela, 28 to 8. New Gre-
nada, 17 to 3. Chilian, 94 to 7. Mexican, 261 to
1. Peruvian, 48 to 60.
The Bank of England weekly board has jest broken
up, without making any alteration in the minimum
rate of dimwit.

zgromeß T una
/Mak Stack 194 6
AOl O "" i
I per OIL liad. A/raj! § I ValtelikiMr
I Km. m. 911 I 064.116 1p dip.
routs „m.__
ret Awl*. Igrig. /T 1
gar 01. MA. Dm" a 1 S
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ger M. OM%
6 mStiilwillga lie.. A 4 I .5r Vi 4I
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itakime • . 4
4 mgt. . TO a Mt

RAILWAYS.—The elan market is better, but
neglected. We quote London and North Western,
137 to 9ex die. ; London and Brighton, 35; to 6;
London and South Western, 39 to 40.; Midland, 83
to 7 ex div.; Control of Francs are 61 to 41 die. ;
IParis and ROOM, 13 to 1; all leaking well.

SAM MEOW UP TO TWO TRW DAY IN LONDON.
(YeAsidsy's wimp TM to bead fa hit i 54,4
Abadan Fret, Malik Extnios, pr *AL
Ittersing. & Oxford In., 211 et ay
North British Hares, 71
Ceisktlss, ?Se I adh Dr. 9ss., if

.
DoTlloo.. I IR a,0114
Cbsdor I 111 W
mod 3lj
Ameba IA sod E. lel L.
and D., II
Do. 109 Ct.ProL,l4I
L Cousalw,9l4 j
De. MAIM I. p
Do. Sorfp PI7 ni
E. Unoolooloko. el
Do.
Groot WNW; nal dtv
Lem smil Tot. MM 7i I
lade orl ReadlOklot ex Ito
Lea led Mott 41 oa 919
Loa. Radwa, livot
IL, Our. II por IR.,
LAIL a n. mi ear ar
Do. Now, 121 i dlo
Do. Rao, 9j if dlv
Km., Set, at N. 191.
Preto°, I
6Com ea dkv
rig
sesa. Vol

Birk., Ism, Is FL Jo. (Isis C.
80, .
Robots. tadb...sW:Tork No. 1, 4
Calodonlas Piet, lie
Ll Crosby. South, d
Lovs.ellortts Western.
Do, N.. Qrs., 4 p
am. SWF., & Us. Qr.., 7 d

TORN 3.1LE1
Great Northern, 11l 111. da 9d.
York. Newe.., and Bar. Estee,
No. I, 20e ez die

draw Mr.
Mr New floor., to
arm. el am Helm (N. W.
6:10:411) la Or
11.11:11.10,4
Tark, Wm. Dawiek
Nave. awl Mr.). 2114 2 div
Do. mil kw. E n,i9j4sz
(13. N. E:Pre.), II 8
York sail 24. 1114. ON az div
Pitt., lei
Do.
Do. IL sad W. R. Was, 244
MaguadtinkAalenr, I
arm" 111 12i
2
art of
Omer
Orismaisr aantlerlaiwA22
:siLlirwas. n
itsC

Wawkaosuir
832
Do. Ham. 61 d
& &at. & Dower X 0.4,
Tor&
Par.), News., and B. (0. N &
26
Do. do. , Ils. SI. p
York & N. Ilidland Pref., I p

PIMI:UM IL
York, New, end Ber. No. 2 (late
New Teeneke.). 2O ei die
Do. 0. N. E. Fur, el Al

PRODUCE. —llfirecino-14nz, Hagf-pkalt Zoo.—
The Sugar mor Let continues firm ; a large business in yellow
Havana was dma by private contract yesterday on 'Change,
at fell prices., The only public sale to-day was a smell one of
160 cases tr.ows Bahia, duty paid, and all were bought in
clove the market value, Ms. 6d. to 395. 6d. Refined market
steady. without alteration in prime. Coffee : The
public mle of Jamaica was nearly all withdrawn, at
tifb prices; buyers did not appear at previous rates.—
na'• :M s White Bengal shows a ht advance; but low
cia 'lithe of Madras are difficult of rile.--Saltpetre again
P..ild at full prima in public sale ; retraction 5 to 7, 265. 6d. to
27,.; guild, 272. 6d.—Pimento sold freely at 31, which was a
full price ; about 900 bags sold.—Peppy : A parcel of
Aleppi was offered, and bought in 211b.—Cotton steady, but
not actove.—Rua doll. —ln other articles no material
alteration.

TALLOW.—The market is steady, with a fair
demand on the spot and for delivery in the last three
months. Petenbarg Y.C. on the spot, 40s. 61. to 9d. per
cwt. ; October to December °slivery, 41s. 6d. ; separate
months' delivery, 425.

BAR:gawp Feb. 28.—We had a good attendance of far-
mers at this day's market, who showed a large number of
samples of nearly all kinds of grain. Wheat sold at from
3d. to to 6d. below the rates of last week ; other grain was
without alteration in prima. Wheat *old at from 16s. 6d. to
18s. per three bushels. Barley, Ns. 6d. to 28e. 6d, Oats,
16s. tid. to 18s. 6d. per qr. Beans, 12a. to 13s. 6d. per three
bushels.

BOSTON, Feb. 28.—We had a very limited supply of
Wheat st this day's market, and there being • tolerably free
demand, lets rates were fully supported. Fine Brans, for
seed, In request, at slightly enhanced rates. Other sorts, and
Oats u lest quoted. Wheat, red, 40s. to 465. • white, 495.
Oats, Us. to 21s. Beans, new, 275. to 325. ; old, 375.
-

Calculi:arm, Feb. 28.—The 'apply of gnia at market to-
day was moderate ; still the price of all articles bad a down-
ward tendency, buyers only taking small quantities for
immediate use. Whe.t, old, 48e. to 52e. ; new, 36a. to 48s. ;
Barley, 221. to 28e. ; Oats, 16e. to 20e. • Beans, 34e. to 381. ;
Peas, 35e. to 38e. par qr. Flour, We. pis each.
HALIIIROATZ. Feb. 27.—We as nodes but very little
&frames in the Wheat oe Barley trade, gnat dulness pre-
vailing in both. Our brumes are busy sowing their spring
core. Wheat, 40e. to 48s. per qr. ; red, 38s. to 445. ; Barley,
We. to 31a.

HATWAIIOB HILIITX Feb. 28.—We do not alter our
quotations fat the best wins of Wisest, but inferior limn be
written La to 2s, per qr. lower. Other grain steady. Old
white Whet?, 134 101. to 141. ; white, new, 81. to 121. • red,
old, 121. to 121. 10s. ; red, new, 81. to 101. Berlej,
to 30.. Oa% 16s. to 2.2s.Beans, 110 a. to 225. Yeas. 325.
to 35e.

Nawaii, Feb. 28.—Owing to the morning setting in very
wet,
a, the attendance at this day's market was rather
sad the supplies of grain limited, the show of
Wheat seemly equal to the demand, and prises were quite
firm. Malang Barley offered in moderate %nudity ; second
qualities plentiful, sod prices of each sort in favour of the
buyer. The demand for seed Oats osatinue, sad support
late prices; sad, although seed Beans are lass inquired
yet lam prises an fully supported.

firm-Dino, Feb. 27.—1 p Wheats a good amount of busi-
ness hes been done at last week's prices. The farmers baying
now lest cot ildenos in this prospect for better priors, sell
Imen freely, as buyers were ready to take the offers at late
price". Most samples showing were sold at tally as much
money. The present low range in Oats does not induce 'pe-
culation. They did not make the priers of lest weak, en.
*opting very choice samples tar seed. Beans, although a very
deficient crop in this neighbourhood. do not command any
attention. Of late we have had a good demand for Potatoes
for transit by rail, the sack of 15 stone making from 7s. to
Os. Wheat, red, Ms. to 40s. per 17 stone; white, 395. to
421; red, 40s. to 425. W. per 171 stone; white, 41s. to 445. ;
red, 43e. to 45e. par 18 stone ; white, 44s to 465. Brun, old,
Ha to 375. ; new, 22.. to 80s. Oats, 71d. to 915. per stone.
ROM/ORD, Feb. 28.—We bad a very dull market, and
Wheat, except the best panel", was Is. cheaper. AU other
pain about the same ea last week. Wheat, Ws. to 531-
Barley, 296. to 335. ; grinding, 245. to 28s. Oats, 18e. to 235.
Beams, 231. to 33e. Peas, 33.. to We. Bye, 235. to 255.

Drams, Feb. 27.—Although our market this day was
I generally heavy, we have almost no change to make in our
guotasns of Friday. The bushiest passing was entirely of
a consumptive character, and confined to the supply of im-
mediate wants. The following was the currency : Wheat,
red. 22e. to 25e. ; white, 24e. to 265. Ad. per 2801 be. Oats,
9s. 6d. to 11s. per 1961b5. Harley, 131.64. to 17s. 63. per
2241ba. Oatmeal, Ila. to 12x. per cwt. Flour, seconds,
141.801 b 6d. to 16e. per cwt. Indian Coin, 301. to 22a 6d per
4e.

Bursar, Feb. 26.--Binos Friday, the supplies of grain
have been man, and at this morning's market prices were
wall supported, except in Oatmeal, which was 2d. lower.
Wheat, ite. 61. to 10s. 64. Barley, fis. to Si. 6d. Oats,6s. 6d.
to 6s. 6d Oatmeal, 9s. 9d. to 10s. 4d. per cwt. Indien Coen
is in =Aerate demand, at former rates; yellow, 71. 10s. to
71.16 x. ; whke, 71.61. to 71. 10i. per ton.

WOOL— LITERPooL, March I.—We ham to
report an extensive barium, which is likely to con-
tinue, as the anent feetnrers are all well employed
in making goods to order, both for home trade and
foreign markets; this fact having Nen proved boa the con-
sumption going forward, operated in raising prices con-
siderably higher, and then is every prospect of the present
quAations being supported. Complaints have been made
hitherto that the consumers cannot ebtida at admire on
goods equal to that on the raw material ; bat we entertain
no doubt but in a short time they u ill be remunerated : all
admit stocks to be much named, end Wool still low in
price. Thais airestastamea,, meshimed with the general een-
semptlon, are reasons we dim sulkimit he befog ea hope-
faL By private treaty, the Legate Immastione have been fa
Peruvian washed and unwashed ; several thousand bags have
been taken for export, speculation, and by manufacturers, at
advanced rates ; a few parcels of Syrian, Russian, Bassos
/Lyrae, low Oporto,. East India, sad A/peca,',,have foaled
buyers. There were public, sales held here ea the 21st alt.,
con-hting of upwards of 1,000 balsa East India, which brought
together a fell attendeace of the Weds; the competition wee
animated throughout, and the whole was disposed of at an
improvement in the immediate prices current, of fully Id.
per lb. on the average, and in Dom instances rather more.
Scotch : Cheviot, laid and white highland, keep in request
the market is barely supplied. which limits mla. In Irish
a few pe ale are amounted ; spinners purchasesparingly, at
the end value.

HAY.--43itrruniam, 21a; o' Md.—Means Cooper
and Davis report Wad*, at the following quotations :
Prim Morlov. ea to 710. I Stows— 40a to tea. I 9ttaw.... Lb to 30t.
Lawlor ..... to 110 s. Ciovir OIL to ni.

CATTLE, &o.—Luips, Feb. 28.—There was a
good show of fat beasts at our fair to-di , though not site
so large as at ow last fair The was active, and late
priers were tally sustained. Of seep them was • larger
supply than at last fair, some of theca being very Hoe ani-
mals, sad late rates were genitally obtallaul.
Lencotx,Feb.2B.—A very feir show of Boasta, sad of ffluoP
rather laths. A good attendance of Wpm. bosh bum the
neighbourhood and the western towns. Demand good. aid
prices toffy equal to last market. Mutton, Ewe 66. ; Wi-
ther, Md. per lb. Beef, 6s. 6(1. to6t. ; prime Heifer, 6s. 6d.
per stone.
Rosman, Feb. 28.—The Cattle market is excessively
dill, and lower Moss obliged to be submitted to to effect
ale. Beef. 311. to 34.115. Matto., le. 6d. to 4e. 4s. Teal,
4e. to 4e. ed. Peek, 3s. 6d. to 4e. 4d.
Bomw.. Fa. 38.—Our supplies were short, but quite
opal to the &mead ; prime ruled about the same as lest
week. Beet made town le. Bd. to 3s. 6d. ; Hatton, 30- to
ea 6d. ; Veal, 4• to 6s. ; Pork, 3s. to 4s. 2d. pee stelae of
tUbt. Making the offal.

HOUSE OF COMMONS.—WEDNEaDAy, Fn. 18
The Smanra took the chair at 12 o'clock.
PRIM BUSINSILS.
PHITHONL By Oat. THOMPSON. from Bradistd, eaeoplaining
et insimese of seventh—Mr. MuITATT, ham Dartmouth. In favour
of arbitration instead war.—Mr. lIPKINNON, Proseiake=
for a law to meant brassy at eiesetose.—ter. O. THO
hitchurah. In favour of arbithathm—Mr. O'PLAKIIIy%
Sari! Union, praying for an area rearp—rtir T. BIRCH. Bon
builders of Limrrool, spinet attendee to the navigatioa
REYNOLDS (IS) twos IMO paper Cayes, completing M the ludas
dafilffND BEADDMlL—lnsolvent limbers; Mils Meads; Rea
RETURN ORDRIED.—On the melba d !fr. IMOTRIRMOSI.
return of the awe* number of lamps ineed for arlipapses
sash year.~ teeraiMi It day ether" OM to Me Mislay of haw
soy Iser, baßeatend andlleha md Ireland, raspestivaly ;
the sentee at MB penny end tans lialgp— may Oa eon.
tic et Ism Nth MS, ef Bunko 11141).
NOWT OF . law Ier,IIATII6 H. WIL-
LOUGHBY, on times mtimataa being moved, to all the *Peaks of
the home to the toe that they had been greatly ccosemd b lent.
INSOLVENT MEMBERS BILL.
Mr. IdOFFATT mowed that the ceder el the day for the
committee on this bill be read.
Mr. GREENE bog to suggest to the hon. member for
Dartmouth the prop of referring the bill to a select com-
mittee. He did not it to be supposed that he had any
desire or intention of shetving the question. He was as
strongly impressed m any man with the expediency of exclud-
ing insolvents from seen in that how,. (Hear, hear.)
Sir G. GREY entirely agreed with the propoeal for refer.
ins the bill to a select committee.
Mann. Donavan. and BMUS. seceded to the pro-
penal, but warned the hon. member for Dartmouth that the
lull could not be coniidered in a select committee without
the general question of privilege coming also under conside-
ration.

Mr. WHINNON reocathaended the hon. member to am-
fine himself to the spedfie object of his bill. If he went
into the general quid= of privilege, the select committee
y might sit all the ausitm
ak. and at last seiaaspersewithout mon*
to an eatishetery m
After en simereaties hem Mr. 1i.341•17.
The LORD-ADIKIOATB azpressed hie inteatios of ma-
fag hr the ague, thigieittes. At the same time he theemht
would Mlththallis to comider the bill, without War
%ether was then
*thin gethihtedem the generead aced ral privileges of the
home. tharood, and.th e,
bill ordered to be referred to a select committee ha
.
PUBLIC ROADS BILL.
Mr. G. C. LEWIS, in moving that this bill be read a
second time, would shortly state the grounds upon which
the measure had been taken up by government. As a go-
Vt rennet they had not felt themselves specially called on to
introduce such a bill, but they felt that, having at their
command official information, and also professional advice,
it was more easy for them to frame a comprehensive mea-
sure than if it were left to any individual member. The
measure which he had laid on the table must be con-
sidered in two pars—that which related to the ma-
chinery and details of the future administration of the
roads; and that which related to the debts which
had been cootratted by the trusts. The administrative
machinery was of course the most important part as regarded
the future, but it was not perhaps the part which premed
mat for censideration ut the present moment. He would
first, therefore, offer a few remarks on the subject of the
debt, and then proceed to speak of the machinery for the
future. In preparing the present measure, the act prepared
by the right hon. baronet the member for Ripon, when
Secretary of State, for the six South Welsh Counties, had been
taken as • model, with this exception, that in that measure
the highway rates were not toothed, nor was any equivalent
given to the county rate for the burthen laid upon it. The
prine'ple of that bill was deliberately assented to by the le-
gislatiare, and the present government had adopted it as a pre-
eadent,with thisimportant difference, that in the present mea-
sure there was an equivalent of nearly a million and a half of
highway rate given to the county rate. They had wished,
In as far as possible, to entrust the administration of the bill
to local agency, but this intention had expend their plan to
misundentauding and misconception, it being thought that
it was calculated to impose new burliness upon agriculture
at a moment when that interest was but ill able to bear them.
These were the two leading principles upon which the bill
wasiounded, namely, the precedent of the South Wales bill,
and a determination to entrust its administration, in as far
as possible, to local authorities. If the house would consent
to the second reading be should be 'wand to modify in
committee that part of the measure which had been most
ORIVISIIIOI • be meant that which provided for
the graduil extinction of the debt. From returns
prepared in 1848, he found the amount of
tolls throughout England to be 1,267,0001. The re were
other small items of revenue, amounting to 31,0001., leaving
the total income of the turnpike trusts 1,298,0001., or in
round numbers 1,800,0001. The debt he found to be
6,609,0004, and the plan by which he proposed to provide
for its gradual extinction, and which differed but slightly
from the plan originally in the bill, was that the present
amount of tolls should be collected by a county board, for
the purposes of he debt, those porpoise being the payment
of interest at 4 per cent., end the formation of a stoking
fund oft per cent, the latter sum to be paid over to certain
commissioners, to be appointed by the Secretary of State,
and who would be empowered to compound with the bond,
hoiden, and settle the amount of debt, in the same manner
se had been adopted in the ease of the &nth Welsh
counties. He then proposed that each bondholder
should receive a debenture, entitling him to receive
4 pee ant. interest, while tho annual sinning fund of 2 per
cent. should be aid over to the commissioners, and thou
latter sitting in session each bondholder might apply to them
to have his debt paid off. Whatever surplus should remain
after satisfying these applications, and he did not anticipate
that they would be large or numerous, should be applied to
the extinction of other bonds botation, to be dr. ten by
ballot. That was the mode whlh had Sees adopted in the
caw of the Welsh thistles, and was one which would obvi-
ate the objection, that the proprietors were receiving their
money in driblets. He had now stated the income and also
the plan by which he proposed that the debt should'
be gradually paid off. According to that plan, 8,603,0001.
at 6 per cent would require 396,6401. annually, the
repairs of the roads would take 673.0001. ; improve-
ments, 67,000/. ; 'Eakins; • total of 1,128,5401., or in round
sambas 1,130,0001. He therefore re:koaed the cost of re-
pairing and improving the present turnpike roads, together
with the interest at 4 per cent., and the sinking fund of 2
per cent, as requiring 1,130,0001, having. batancein favour
of the trusts of 170,0001. It was clear then that taken in the
aggregate, the turnpike trusts were a perfectly solvent eon.
cero, and that by the plan he now proposed, their whole
debt might be extinguished in twenty-eight years, that was,
supposing that a larger annual sum than he proposed should
not be applied to the purpose is some cases. In the state-
ment he had made he k ad omitted salary. The present Wanes
and law charges on the turnpike trusts amounted to 113,0001.,
on the highway rates to 66,0001., making the total expense
of both, ineludine law, charges, 179,0001. Now upon
thus items, the plan of the government would make very
versiderable deductions, but even apposing the
plan were to make no reduction in the cost
of establishments, or in the expenses of litigation, yet the
balance remaining from the tinsmith expenditure would be
sufficient to cover the whole cost. The boo. member for
Somersetshire reminded him that he had taken no notice of
the unpaid interest. Now, with regard to that sum, which
was 1,400 OWL, it was propound that no interest should be
recoverable for more than ten years back. He bad been
told that there were bonds extant upon which the interest
had run on for sixty years, and he supposed that no
person would assert tout existing travellers ware to be taxed
to ply that mouth He thought tea years a fair amount of
limitation ; bat that was a question which could be con-
sidered hereafter. The home was also aware that there was
a considerable number of trusts at present insolvent, or
nearly so, and that, when their bonds come to be valued,
considerable deductions must take plea. He should read a
short extract from the report of the commissioners who bad
veined the South. Wales bonds, by which the house *mild
sou the amount of reduction that had been made in the debt
of the comities. The total debt of six counties amounted to
290,7221., and the total award was 214,7831, being a reduc-
tion of about 27 per cent., or more than one quarter of the
whole. The result was an follows:—Than were thirty-one
trusts in six counties, is fifteen the bondholders having
satisfied the commissioners of the validity of their claims,
received the valets of the securities at par; sine were paid at
a discount of from 10 to 20 per cent. • five at a discount of
from 26 to 60 per ant. ; one man received 201. for his bond ;
and one 101. Of course these latter were C 4440 of iseolvency.
But he thought that, taking credit for the amount of inte-
rest that would be swept away as exceeding ten year', and
also making allowance fir that portion that would be
diminished by the prates of composition, he was entitled to
ammo that when he reckoned 6 per cent. on 6,609,0001., he
reckoned as much as the turnpike troth would be called
upon to meet. He might here state roundly to the house,
that wen the total of the tolls appropriated to the amino.
tion of the debt, it might be swept away in four and a half
years. In order that the house might understand how his '
plan would work, ha had prepared two ealculatites, one for
a district, and one for the whole of England.
T=lhar
e district of Stokenchurch, he found the interest
of the debt 6601. ; charge for repairs, 1,4651. • salaries and
law expenses, 4721., the whole income being 2,i801. Accord-
* to his plan, the interest of the debt would be 5201.;
yepain, 1,4651. • 2 percent. sinking fund, 2751., having a
surplus of 2201.; Taking the county of Oxford, he found the
Faint charges be—intent of debt, 3,551 L ; repairs,
9,8181. ; 'earns, law, and debt paid off, 4,3641., the total
biome being
_17,6391. His plus would be—interest, 3,4201. ;
Ft!. 94.131 ; 141
hillwhlel;7"Eneagrarngd,a sue;Pdirsivoef
the North Wales counties, he found that there
was
__paid at present—for interest, 262,0001.. repairs,
651,00014 debt paid off, 167,000/. ; malaria, 147,0001. ; total,
1,227,0001. By his plan the interest would be 255,0001. ;
repairs, 661,0001. • sinking fund two per cent , 127,0001;
surplus, 194,0001. ;Now he wished to call the attention of
the house specially Cr this p ins, that in the the law as it at
present stood there was no scheme ter the gradual extinction
of the debt, while his plan provided hat object without
imposing any new burthen, and at the utmost in a period of 1
28 ears.y The existing laws gave a precedenoe to interest,
end that plan he had adopted with little alteration, except
that he had added a provision for the gradual extinction of
the debts. All ether local loans and debts were contrasted
only far a term, the turnpike trusts being the only
one that up to the present time had boon coarsen:
without any sped& provision for entire liquidation. H
thmlifFectaus7bjtzweetstteltearojethtOkos:lfyitt:::idethlitombehigacingobebef the bill,
th
all e also a lintteidireroailffleedthraitheteinnizelan(F-i
county under the control of the county 'magistracy was a
plan that would meet with general approbation. He did
not propose to go into any further details until the bill got
into committee. The WI proposed to take the limits of the