The Express.
London, England, 1851-09-13 00:00:00

GERMANY.

BERLIN, SEPT. 10.
It is pleasant at last to have something to praise ;
and the commercial treaty between Prussia and Hanover,
bringing Hanover at last within the Zollverein, is an event
on which we may safely congratulate Prussian industry,
and perhaps politically, from its probable future conse-
quences, the people of Prussia in general. Whilst Hanover
remained out of the Zollverein some of the southern states
were a drag on the principles of free trade. In order to
conciliate them the tariff of 1818 has been constantly aug-
mented, and the free trade principle has become more
and more compromised. But now there seems to be an
earnest return towards a more genuine free trade policy.
The great advantage of the treaty with Hanover will be
that it will open a most important commercial sea coast to
an emancipated commerce of North Germany. Hitherto
the Zollverein has been comparatively an inland institution.
Hanover's refusal to come into it has blocked up the ports
of Bremen and Hamburg, compared with which the Baltic
offered but very restricted advantages, and Cologne—an
inward river port—has been the only one available by the
Verein in the North Sea. But now Bremen and Ham-
burg will be open. The chief, if nut the only, objection of
Bremen to join the Zollverein, which consisted
in the outstanding of Hanover, exists no longer,
and the soirthern states of Germany, it may be pre-
sumed, will assume eventually their rightful commer-
cial predominance over the southern states. It is hinted by
some German journalists, it is true, that the anticipation of
this effect may alienate several states of the south from the
Lateen in, and so break up the quasi sort of German
enity that has been by this trade-bond brought about.
But this consequence is by no means to be apprehended,
and if it were it might be by no means to be deprecated, for
North :old South Germany might prosper much better with
serarated than intermingled interests.
Ile treaty, which is to come into operation in 1854 for
twelve y, irs, was kept so close till it wan published that
the Austrian ambassador had no knowledge previously that
any such act was in contemplation. One can well-conceive
why he am kept in this ignorance. As one of its immediate
consequences the Krogh Zeittinv mentions the probable de-
finitive settlement of the pending Zollverein negoeiations
with Belgium.
One of the prime points at present of this commercial en-
gagement is, that the present Zollverein, if not in the mean-
time renewed, cannot, after its expiration, be continued
without tilting Hanover in ; and that her concurrence will
he thus nece,ary for all future commercial arrangements
connected therewith; a necessity certainly not disadvan-
tageous, and which may possibly be greatly the contrary.
The King arrived here yesterday evening.

LATEST FOREIGN EXCHANGES.
(fl) Electric Telegraph.)

- • -
ANTWERP, SEPT. 12.—Fire per Cent. Metalliques,
70t; ditto Ardoins, 14.1. Three per Cent. Inland,
34t. Russian Four-and-a-Half per Cents., 100. Ex-
change on London, 25.17 g.

11Itt'SqE1A, SEPT. 12.—Belgian Five per Cents.,
100; ditto Four-and-a-Half per Cents., 03; ' • ditto
Two-and-a-Half per Cents., —. Exchange on
London, 23.15.

BERLIN, SEPT. 11.—Voluntary Loan, 1051, ; Rus-
sian Four-and-a-Half per Cent., 1001; National
lkbt, 881. Exchange on London, 0.21 ; Hamburg,
1491 ; Petersburg, 351.
VIENNA, SEPT. 11.—Five per Cent. Metalliques,o4.
Exchange on London, 11.39. Ditto on Paris, 140.
FRANKFORT, SEPT. 11.—Fiveper Cent.Metnlliques,
791. Three per Cent. :Spanish, Inland, 31 9-10.
Exchange on London, 1181. Ditto on Vienna, 1011.
AMSTERDAM, SETT. 11.—Five per Cent. Metal-
' liques, 76 ; Two-and-a-Half per Cent. Belgians; —;
Five per Cent. Spanish Ardoins, 14 7-16. Ditto, Inland,
Three per Cents., 3111-16 ; Russian Four-and-a-Half
per Cents., 100; Two-and-a-Half per Cent. Integrals,
58 5-16. Exchange on London, 11.871.

PARIS, larr. U.

3 per Crate.
3 per Dente .....
a per Comm New La
4 per Cents.
42 per Conte I
Ezeleange ma Loudon : eatrkt. t 3 10 ; 90 d;ye, 21 92k.
Belgian, 3,
1110 — Mow I Mentes Bents Deney.
I.ks. 3, il ... Boman Loam 1831 73i ...
Do. 44
p C Treasury Boob ... ...
Piedmont 3 t. ... 79 03 ... I Beak Num 23 1 0 ...
Pmt.'s, Sarr. 12.—Versaillea (right bank), 2G2 50;
ditto pelt beak), 216 23 ; Paris and Orisons, 000; Paris sad Rouen,
300; Boom sad Ham, 233 73; Manellhe and .2,4204 303;
Odessa end Berdeaus,333 : Northern, 437 30; Perk and ntrostourg,
ISS; Sows and Nowak 163.

For
Money. °rains'
13 33 33 '
31 73 31
Less .
73 .30
' .

YOf AoCollat.

.11ligtunt. Loweat.l Closing
65 53 90 33 50 53 00
11 90 91 90 91 40 91 Si

LANCASTER AND PRESTON JUNCTION RAILWAY.—
The report to be submitted to the meeting at Lancaster on
the 19th inst., states, that the directors have again to con-
gratulate the shareholders on the increued revenue of the
joint companies, as shown by comparison with that of the
corresponding half-year of 1830. The directors recommend
the meeting to divide the sum of 20,3501., which will give
to each of the several descriptions of shares the following
sums, viz.:—To each whole share, 11. 1.55. 7d.; to each
three-quarter share, 11. 3s. 7d.; to each 9uarter share,
9e. 4d.; and to each twelfth share, 3s. Id., being at the rate
of 71 per cent. per annum on the share capital. The share-
holders will observe that another of their directors, Mr.
W. N. Hodgson, M.P., has been elected a director of the
Lancaster and Carlisle Railway Company, at their recent
meeting. The expenditure on capital account shows a total
sum of 466,4951. The revenue account shows receipts for
the half-year to the amount of 22,9264, while ;the expendi-
ture during the same period, including general charges,
direction, secretary's salary, &e., amounts to 3301. This
leaves a balance of 22,5931.; 2,3231. of this sum is required
for interest on debt, due Ist of November next, leaving
20,3501. for the proposed dividend, at the rate of 71 per
cent. The capital entitled to dividend is 644,3001. ; the
I mortgage debt of the company amounts to 113,000,., :
10,300!. at 41 per cent., 30,000/. at 41 per cent., and 72,7001.
at 4 per cent.
STEAM-BOAT RACING.—A BLOW UP.—On Thum-
' day afternoon last, between three and four o'clock, two
steam tugs, the Ranger and the Conquest, went out of the
Tyne to ran a race from Shields bar to the buoy at Sunder-
land pier. They had got placed, when a fearful discharge ;
of steam, and a great noise from the Ranger, indicated ,
that something was wrong. The other boats ran to her
assistance, and found that the pressure that had been put
on had occasioned one of the tubes of the boiler to give
way. One of the crew who had got scalded, jumped over-
board, and was with some difficulty rescued. He was nearly
drowned. The other min escaped comparatively unhurt.
The boat was towed into the Tyne again.