The Express.
London, England, 1853-07-29 00:00:00

PRIVATE BUSINESS.

The lords' amendments to the following bills were con-
sidered and agreed to :—Birkenhead Dnck Trustees, Blyth
and Tyne Railway, Ea►t London Waterworks, Halifax
Waterworks and Improvement, Limerick and Foynes
Railway. Llanelly Railway and Dock (No. 2), Ribble Na.vigation, and Whitchaven and Furness Junction Railway,
Bills.

The Cork and 13andon Railway (No. 2) Bill was read •
third time and pawed.
EASTERN UNION RAILWAY.
_ .

On the mi7iiinnf.;iiie third reading of thir bill,
Sir O. I'ECIIELL moved that the bit be read a third
time that day three months.
The houve divided—
For the third reading
Fur the ■mendmeot

The bill was then r.. d A third time and passed.
SOUTH SEA ANNUITIES, &e., DISSENTIENTS.

On the motri.n of the CIIANELLI/11 of the EV:HEW:IR
the house resolved itself into committee, to pass resolutions
for paying off the dissentient stock-holders.

The CHANCELLOR of the EXCHEQUER rese to
move the following resolutions: I. That provision be made,
out of the consolidated fund of the United Kingdom of
Great Britain and Ireland. for paying off the propriet irs of
the capital stocks of Old Beath Sea Annuities, New South
Sea Annuities. Bank Annuities (1726), and 31. per centaur
Annuities (1751), mentioned in an act of the patent Deb
lion, chapter 7J, in respect of which assents to comae
shall not have been signified according to the said act, NA
also for paying to the South Sea Company a principal sum
equal to the amount of the trading or capital stock of the
said company, or the part thereof the interest or annuity
on which shall not have been commuted or exchanged, as
cording to the said act, or any act to be passed in the pre.
sent session of parliament : 2. That the South Sea Company
shall be permitted to commute, within a time to be limited,
all or any part of the annuity or in:eiest on their trading
or capital stock, payable in respect of shares in such stock
standing in the names of the Accountant-General of the
Courts of Chancery of England and Ireland, respectively,
and of the Accountant in Bankruptcy in Eng-
land, and in the names of trustees and others
disabled from voting in the General Court of
Proprietors of the said company, into or fur any
one or more of the stocks and securities authorised to be
created and issued by the act of the present session, chap-
ter twenty-three, and the 31. ss. per Ceo:um Annuities,
and New 31. per Callum Annuities, created under the acts
of the seventh year of her Majesty, chapters four and five,
commonly called and known as 31. ss. per Centum Annui-
ties (1841), such commutation into or for the said stocks
and securities authorised to be created and issued by the
said act of the present session, to be upon the terms and sub-
ject to the conditions upon and subject to which the like
commutation was authorised under the said act, and such
commutation into or for the said 3!. 54. per Centum Annui-
ties (1811), to be upon such terms and subject to such con-
ditions oaths Commiasioners of her Majesty's Treasury may
.... • -

.
see fit to offer, provided that the assva of the said company
to any such commutation shall be signified to the said
Commissioners of the Treasury within such time as may
be limited by such commissioners for that purpose. 3. That
the South Sea Company shall also be permitted, upon
signifying their assent within such time as may be limited
by the Commis.itmers of the T y fur this purpose, to
commute, upon the same term., and subject to the same
canditions, all or any part of the annuity or interest payable
in respect of such farther amount of their said capital or
trading stock as may be authorised or required by parlia-
ment to be invested as • guarantee fond for their ad-
mini.tration of private trusts, is case they should be au-
thore.ed to undertake such administration by nay act to be
passed in the ;present session of parliament." What he pro-
posed was, that they should avail themw I reset the ex perienee
they would gain by their dealing with th. parties to wimea
the resolutions referred, during the coming autumn, and
then neat session they won'd be able to consider what terms
might fairly, and with a prospect of success, be off red to
the holders of stock generally, and then they might extend
the operation over a wider sphere if the house should so
decide. These were the reasons why he confined the pre-
sent proposal to these narrow limit., and he would now con-
clude by moving the first resolution.
Mr. DISRAELI d.d not particularly object to the first
resolution ; but with regard to the second, considered that
the hove* should pause before entrusting a minister who
had failed in his financial operations with the unlimited dia.
station conferred by the chime.
The first resolution was peeled.
Mr. J. B. SMITH opposed the second resolution. He
thought that the power of keeping open the negotiations,
instead of paying the dissenting parties in money, would be
mischievous sad unfair to the public creditor.
Sir FITZROY KELLY expressed his intention to give
every possible opposition to the moti ; his objections to
which be pointed out in • long speech, which lasted till
nearly six o'clock.
The CHANCELLOR of the EXCHEQUER regretted
that be had so time to reply; but said that be would do so
in the sassing if permitted by the rules of the house.
It befits now 4 o'clock, the house adjourned.
The house resumed at six o'clock.
THE AFRICAN MAIL CONTRACT STEAMERS.

Mr. HOBSFALL begged to ask the First Lord of the
Admiralty whether he had received any communicetion
complaining of great irregularity in the delivery of letters
by the African mail estates:it steamers, and whether any
measures were being taken to prevent a recurrence of the
same. Probably the right hon. gentleman was aware that the
last steamer had neglected to call upon two of the principal
trading ports which they were bound by their contract to
visit. The lame thing had been complained of before.
Sir J. ORAIIAM said he had overlooked the intention
of the hon. gentleman to put the question; but he had not
heard at the Beard of Admiralty of any special report of
any failure of the kind mentioned by the hon. gentlemen.
The board bed given a general notice to all the companies
who were under contract to convey the mails that they (the
Admiralty) would enforce a stricter observance of the tune
than had been heretofore the case.

Mr. HORSFALL remarked that this was net a com-
plaint of want of punctuality but of neglecting to call at
the port at which the vessel was bound to stop.
Sir J. GRAHAM added that no relaxation of the con-
tract with regard te the places at which vessels were bound
to touch had been granted by the Admiralty.
MAYNOOTH.

Mr. SPOONER begged irToas h whether the COMIIIIIIIIO6
to inquire into the state of education at the College of
Maynooth kid been issued ; and if NI, what were the names
of the eotsutissioners?

lard J. RUSSELL replied that no c imrnission had yet
been appointed; bat certain names bad been under con-
templation. and a correspondence was going on upon the
subject. He hoped that no wry long time would elapse
before the commission were appointed.