The Express.
London, England, 1847-10-18 00:00:00

COLONIAL

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CANADA.—ToRusro.—A meeting of the citizens
of Toronto was held on Sept. 10, to take measures for
ameliorating the condition of the sick and destitute immi-
grants during the approaching winter. Resolutions were
passed recommending the building of a house of industry
without delay, and urging that more care be take. to
, prevent sick persons being shipped off from the several
stations. The number of emigrants arrived at the port of
Toronto up to Sept. 10 was 31,134.
NEW BRUNSWICK.—ET. JOHN'S, SEPT. 21.
The " Act to repeal the Duties imposed upon articles im-
ported into this Province, under the Act of the Imperial
Parliament, intituled ` An Act to regulate the Trade of the
13ritish Possresions abroad,' " passed by our provincial le-
gislature ►tits last session. with a suspending clause, received
' the Royal Assent on the 13th of August last, and Trill came

into operation on the first or. April next. The House of
Assembly, therefore, in period the Revenue Bill next
winter, will have to revise the whole provincial W. 4
as no duties will in future be coli,"xted at the custom,
home, but will all be paid by the in :mrters at once to
the province treasurer or his deputies. This mange.
meat will greatly facilitate the entrance of gooc:: and says
the large outlay now expended in supporting the castors-
house establishment, which will either be greatly rcsluced
or abolisbed.—The Hon. R. L. Hazen, a member of the et-
eentive council and of the legislature of New Brunswick, 1.;,r1
left St. John's on his way to Montreal. Re wax on his way
to visit Canada as a commissioner from New Brunswick, to
meet gentlemen similarly commissioned front the other pro-
vince', why are to confer with the governor-general to the
subject of the proposed alteration in the management at do
post-office department in the colonies.—About forty mob
of all sizes, heavily laden with timber, were at anchor at
St. John's, N. 8., on the ith, the scarcity of seamen and the
enormous wages demanded preventing their departure. The
" tars" demanded 161. for the run home.

else foreign debt, to which is added the state mill tax
one all real estate—was 390,886 dole. It is further
estimated that the sale of canal lands and other sources
of revenue will amount to 169,479 dole., which, added
to the surplus from the ordinary revenues of the state,
will make 419,479 dol. 61c., to be applied to the pay-
ment of the principal of the state debt.
The delinquent states are :
I. Ittisiots.—The debt of which has never been satisfac-
torily ascertained. It is estimated to be about 14.000,000 do's.,
of which 6,000,000 doh. is the canal debt, and 8,000,000 dole.
the internal improvement debt. The latter is now in the
Fromm of being funded or registered, and the arrears of
interest up to July 1, 1847. placed in bonds bearing intertat
Ate 1837, at the rate of six percent. per annum.
2. MARVLAND.—The debt of this state. at the close of the
last &Wynn, Dec. 1,1846, was 13,038,030d015., the revenue
lee the year 917,752 dols., and t expenditures 873,821 dole.,
leering a balance of 43,931 dots. This state is 110201112( the
delinquents, and the expenditures of course do not include any
payments of interest. A reeuruptna of the payment of intereet
takes place on the lstJan ,1848. There will be funds enough
in the hands of the state treasurer at that time to meet the
payment then due, and there is no doubt but that thence-
loth the payments will be made promptly and in full. The
reanaption bill passed.at the last session of the legislature
provided that the receipt of coupons in payment of taxes
should cease on and after Oct. 1, 1847 (neat month) ; that
all the arrearages of interest then outstanding should be
funded in a 6 per cent. stock ; that the quarter's interest on
the state debt proper, due Jan. 1, 1848, should be paid on
that day in teeth ; and that the interest on the funded
arrearages should be paid out of whatever surplus should re-
main in the to after the interest on the debt peeper
should be discharged.
3. INMANA.—A: the close of the last fiscal year, Octo-
ber 31, 1810, the debt of this state was 13,100,000 dots. ; the
revenue fee the ytar, 293,861 and the expenditure,
00,136 dolt; leaving a balance of 224,723 dels. A portion
of the avenue of Indiana has for many years past been paid
is state scrip, treasury notes, and such stuff, which the state
issued in previous years in making its own payments ; the
surplus revenue exhibited asove was composed of then obli-
gations, which were cancelled upon receipt. The state has
yet a floating debt of this kind, which will be received for
payments due to the state until the whole is liquidated. This
state has recently made an arrangement with its creditors,
by which a partial resumption of the payment of interest
has been made. It must be admitted by all that the
terms of the compromise are very ambiguous, and diffi-
cult of comprehension. About half a dozen different
kinds of stock have been issued, and the whole matter re-
mains in a very confused condition. The substance of the
compromise is as follows The origieal funded debt of the
state is equally divided; one-half is surrendered to the state,
for which the creditors take canal bonds, depending upon
that work for interait, and releasing the state from all re-
sponsibility, both for priscipal and interne; the other half
is provided for by the state, and new bonds are inued,bearing
interest ut the rate ofs per cent. per annum, leaving I per
cent to be funded at the end of six years. The whole of the
interest in arrears, up to July 1, 1847. and the 1 per cent. on
state bonds, and 3 per cent. on the canal bends, up to July 1,
1853, will at that time be funded, and an annual interest
of 21 per cent. paid upon it. This arrangement places
the finances of the state in a much better position
than O. y were; but we are informed that a much better
arrangement might have been made, and a much clearer
exposition of it given to the creditors. The must objection-
able part of the compromise is, the payment of only two and
a half per cent. interest on the funded arrears of interest
after 1833. The surrender of half of the amount of each
bond to the state, by which the responsibility of the state is
given up, is not compulsory, and is not, therefore, repudia-
tion. The creditors of the state can, if they please, preserve
their bonds as they now stand, and claim the accumulation
of interest ; but they do not receive the benefits of the cash
payments semiannually made upon the part the interest on
which the state has resumed the payment of. It is our im-
pression that ultimately the full interest will be paid upon
the funded arrears.
Of the fourth " delinquent," Louisiana, the New
Yark Herald furnishes no account, but passes at once
to the repudiating states, of three of which—Missis-
sippi, Arkansas, and Florida—it adds, despite its
previous hopeful prophesy, that they are all at present
, a hopeless condition. Something may turn up
one of these days that will place their affairs in a
more favourable position."
hiiciti;.tm, at the close of the last fiscal year, January 1,
1847, had a debt of 2,842,031 dole.; the revenue for the year,
227,697 dale , and the expenditures, 165,125 dole, lessen( a
balance of 62,571 dole. There was a balance at that tines,
due on the sale of the Central and Southern Railroad of
853,510 dole., which, deducted from the public debt, would
reduce it to 1,987,141 dots. The total amount of internal
improvement debt discharged by pavinents on the sale of the
Central Railroad is 1,634,419 doh. 78c. This state will pro-
bably wheel into the rank of solvents in the course of ano-
ther year, and the interest on her acknowledged debt ever
after will be promptly paid. She will not, however, get rid
of the odium of repudiation until the interest en her whole
debt is promptly and fully pit'.
So far as it is passible to arrive at a summary, from
the imperfect data furnished by many of the states,
the total of their debts amounts to 207,211,798 dole. ;
the aggregate revenue for the year 18114, 14,980,533
dui". ; and the aggregate expenditure, 12,640,520
dots.; showing an excess of revenue of 2,340,033 dole.
This is, however, but an approximation to correctness.

THE VOYAGE or THE BRITANNIA.—We have re-
ceived the following from a passenger, whose name he sends,
but does not wish us to publish :—Sir,—This steamship
started contrary to the predictions of the press and expecta-
tions of the public on her regular day, Friday the Ist lost.,
and ether regular hour, 12 cm. She had been repaired on the
Sectional Dock, in New York City, the Balance Dock being
of not sufficient length, having 48 feet of keel, and her
forefoot pat on anew. Had a pleasant and agreeable passage
until Tuesday morning the sth inst., about 3 o'clock, when
she experienced a violent gale, accompanied with hail ; and
about half-past 3 o'clock, a.m., the wind suddenly veered,
throwing the ship into two seas, which tried not only the
strength of the vessel, but the capacities of her officers—both
sustaining their previous well-earned reputation. This gale
lasted several days, and was thought by some who bad
crossed the Atlantic some twenty different times to have
been as severe as they had ever been in in their lives. The
gale abated on Wednesday morning, but it continued to
blow several days after. I have forgotten to say that we
passed the Hibernia between Boston and Halifax some 1,5 to
20 miles to the north of us. On Monday morning last at a
quartexpest 8 o'clock we passed the Cambria within about
15 rods, the storm not having fully subsided, let. 50.17, long.
28 ; spoke her, but in cons, quence of the rapid movement of
both vessels could not he certain of the reply, which was as
near as it could be made out this—" That the Cambria hail
lost her figure head and jibboom, and had sprung her bow-
sprit in a severe gale," Having lost our own jibboom in the
gale, we suppose, of course, thst the voyage of the Cambria
willOe as safe as our own.—ONE or rite I'Absztroans
THE BRITANNIA. Friday evening, Oct. 15.

The Britannia brought the following passengers :
Baron Wangel, Captains Drake and Wright, Mesas.
Gilchrist, Stoat, Bailey, Miller, Stephens, Henry,. jun.,
Swain. Blackwood, Bachi, Btarkav, Pattison, Morns, llne
and lade, Gardner and lady Spooner and lady, Marshall,
Millis, Miller, Stewart, Hollenaki, Wallack, Benerment,
Voss, Cushing, jun., Rosain, Bradisb, Barbour, Latimer,
Ellison, A. Lloyd, E. Lloyd, Stone, Gawtry, F. Dana, E.
Dana, Colburn, Brown, Eyre, Cowdin, Talbot,
Wilson, Benson, Gillespie, Brand, Fraser, Fax, Draper,
Jameson, Kirkpatrick, Knaggs, Bamford, Hardie, Burnell,
Beresford, Cos/swell, Herbert, and Booker; Mrs. Lambert
and Miss Thornley, Mrs. and Misses Tobin, Mrs. Edgar,
Allen, Mrs. and Miss Cobb, and Miss Green.