The Express.
London, England, 1849-04-05 00:00:00

COMMERCIAL 4. MARKETS.

MONRT MARKET & CITY INTELLIGENCE.
Two o Clock.—Consols opened this morning at
the closing prices of yesterday, being quoted at 927_, to
924 for the next account ; for money they were done
at 924, and, as there is a considerable amount of money
stock offered, though the French funds are higher from
Paris this morning, the market continues flat, and
without alteration in these quotations. Exchequer
Bills are quoted at 47a. to 48a. pm.
In the foreign funds the market does not present
any new feature to notice. Mexican Bonds are
rather lower; the notice baud yesterday by
the agents of the Mexican government bay-
ing proved lees satisfactory than was expected, they
are quoted at 304 to i• Peruvian are quoted 68 to
8. Buenos Ayres at 39 to 41. Belgian, 80 to 3.
The Danish Three per Cents. at 68 to 70. Porta-
gorse converted at 28 to 9. Russian, 103 to 5.
Spanish Five per Cents., 164 to 17; the Threes, 30
to 4. Dutch Two-and-a-Half per Cents. at 494 to
501, and the Four per Cents. at 774 to 84 cx div.
ENGLISH MN De.
Rank Rock. abut 3 Ct. O. for loe., 924 I
3 per Ct. Rol. Arm.. abut 3 per
per OW, shut
I p4o C. Lam, 921 1 Mellowest DIILy C.a. to 48a.

- -
ElOl
6 per CI. Amin=
1011
It per Ct. Beitorilett
6 per Ct. Brasilia& MA, 73 80
Mto Neer. 77 9
6 par (X BMOCS Ayres Ms. 3D 41
Dino CIIMse Bab . 91 4 ea illy
DM*D. Columb. Def. BAL.
Columbine wader BAL. 36 I
3 per Ct. Daisies Bch, 68 70
2y per Cl. Dutch Ms., 426 606
4 per Ct. Dutch Ceres, 77j 111 et Air

r rinds.
pa OL 1111 19
1116.
rprrE 1116, 34 1
6 par Perwles fbiL. 06 S
atirrOen ZS r
itan. 132.1.7 6
per agEla..ll6
ttrio Pamp_BAZ
tin= 1=1402: 3°

RAlLWAYS.—Continued heaviness pervades the
share market, and prices have a downward tendency.
In French shares there is no change to notice, except
in the Northern of France, which are a shade higher.
But Indiana have been done this morning at 1 p.
Great Indian Peninsula are quiet, and may be quoted
at 80. to 100. p.
SALMI EPPBCIND UP TO TWO THIS DAY IN LONDON.
(Yesterday's prism will be found fa rat reek)
Aberdeen, 17 2 4 Load= & L Wesero, 361
Do. Pre, o. New Pref 31
Bo L
s., Seam., and Mr., 31 Midland, 7S. 7
~
°abdomen, 34 I Do. ML Qua PreL, Do. New 101. Pref., 1111 Do. loan.loan. and Derby, Ml/1
e
Cheerer & Hoireed PreL, 13 Oxford, War., h wolf., 204 I
E . Cbuntiss, 9 Shrews. sad Mrs. Se rs. (B),
De. Eaten. .. 1, 1 p S. Staffordeldre, 31
E. Lancashire New, IN South Eager; ri
Great Northern, 11 Do. Behr. No. 4,
Do. Halves, Ai: Do. Snip, No. 4, le
W Do. Eaten., 1 York, NO, & Bar., 24
Great North of ~ Mt Do. and News. Eaten 171 i
Great Western, 94 PDo. (O. N. E. Per.), le 7
Do. Quarters, 171 Tort sad N. Midland, 44 26
Do. New 171, 13 Do. Pref., 111 W.
Lane. & Carlisle rds, 10/ Do. E. and W. B. Ext., 21e
Leeds and Brad&ed. 10. Central of France (0. and V.), I4+
London and Blackwell, 3e East Indian, 4 e
Lon., Brighton, k S.Ccost,llM S Namuraad Liege, sex int
Da. New Si. Guar. S per Ct.,114 N. ef Prawn, 116
Lyn. & N. Wallas, ISM Orleans and Hardeaux, IN
Do. New Gra, 111 Paris sad Sears, n
Do. Fifths, Ss ism see Nana 11
N. 1/4444ordoliks, 131 14 Sambre sat Nam, 4i4

PRODUCE. —MINCINO-LAISE, Half-pad Zoe.—
The public sales of British Plantation consist of 400 bass
Malefic', 3,400 ban Bengal, and 716 begs Madras, which
altogether form a very moderate supply, as the Colonial mar-
kets close to-day, and will not re-open for general bug-
atm till Wednesday next. Extreme prices to fully 6d.
par cwt. advance have been obtained, and the whole
quantity sold with spirit at the auctions. Holders of West
India are firm, and require advanced rates. Trinidad Mo-
lasses sold at 20e. to 20e. 6d. Refined Sugar steady.—ln
Coffee no busies's of Importance bas transpired this morn•
i.g.-320 bags Trinidad Cocoa sold from 38s. 6d. to 46e. 6d.,
being full rates.—Pepper at public sale has sold at 3d. for
good clear sifted Sumatra, which is Old. per lb. dearer ;
and a parcel of Tether ordinary Malabar was withdrawn at a
high rate, 31d.—Rum steady, but very little business done.
—ln Cotton, transactions this week, up to the present time,
have amounted to about 1,600 balm, at former rates; Surat,
3ld. to 31d. per lb. for middling to good fair.—The Rice
market is quite inactive.—Jamaica Ginger sold this morning
in public sale at 51.35. to 91. 19a. per cwt.

TALLOW.—The market is still inactive, and not
much doing in sales, either on the spot or for delivery. The
following ars the quotations; Petenburgh Y. C. on the
spot, 393 months October to Deennber delivery, 40e. to 40s. 6d. ;
separate ' delivery, 40s. 9d. to 41..

CORN.—Baartarm, April 4.—We had a good
attendance of both farmers and millers at our market this
day. The farmers held out some time for an advance in
prices upon the rates odlast week, bet were ultimately com-
pelled to accept them rates, at which little bud.
nem wee done, the millers buying with extreme elution.
Wheat sold at from 15s. to 17s. 6d. per 3 bushels. Barley,
284, to 325. per qr. . .

BOSTON, Apra 4,—We have had a moderate supply of
Wheat to-day, with a dull Made, at about the rates of
last market- We note no change In the value of Oats
or Beans. Wheat, red, 40s to 455.; white, 48s. Oat,
lls. to Ms. Beans, 225. to 325. ; old, 3415.

Cato:morns, April 4.—We had at this day's market
a fair show of Wheat, which met with a study sale at
the picas of this day week. The supply of other grain
has fallen off, but the supply is sufficient for the demand,
the trade in most artielse being very dull. Wheat, old, 48s.
to 50s. ; new, 82s. to 48e. Barley, 23e. to 2E4. Oats, 16s.
to 208. Beans, 325. to 38e. Pau, 341. to Ws. Flour, 345.
per sack.
Nzwazz, April 4.—The consuming markets of this dis-
trict, as well as the distant ones, are dull in the extrema, and
the proles on grain are so small, that the leading millers have
concluded to work their mills on the most limited soak, to
keep Ilk* trade leget At this day's market the mild
of fine Wheat is mmall, ker. that of wood quality
v., in liberal, and
the oars, at 46. to 47a. re larger
quantities thin he walks pest. The nabs prices were for
gw Wheat in favour ti the bum; soma isseriWom Ix to
h. per qr. lower, wheat sehahslweelfeeted Many extent at
the eine tithe ambit. Nadas as well as grinding Barley in
Mot 4ttN y, ben asst Nowa We rim Bata is. Per ter.
lower. seem end Peas nemlneL Wheat, new white, 495.
; red, 445. to 49r.; ford's, 45e. to 474. Barley,
malting, 291. to 31a.; grinding, 244. to We. Oats,
sender. 10s. to 20.. Beans, 30s. to We. Peas, white, 22e. ;
blue, 40s.

Drumm, April 3.—The weather continues extremely fa-
vourable he field work, and the sup of home-gown
Vale=
ear Wheat, to this. des a market, wae
and ware vy Inez
the turn lower. On the other hand Oats, Osumi, end In-
dian Corn met an improved demand, at folly, or a little over,
the rata d
12ra. Other articles remain without
shine2ls. Id. . The is the • Wheat, white,
245. to *,• rod, to Ns. 6d. pm .bs. Oats, 10s. Od.
to 12s. Id. per 12.1 m. Drolsy, 14s. ie 18s. per 224 Th.. Oat-
lls. Id. to 12s. thi. per ewt. Moor, aeconds.l3s. Id. to
16i, ed. per cwt. Indian Cam 301. to I& 6d. per 4801ba•

reHAYport Ueda .-13urrEma.D.—Mseas. Doom sad Davis
a very heavy at tits teflovft quotations :
Primo Ydriow. Oa to Tea I lianna.. lee. 14 !lbw.— Us. to Stu
takelot NIL 10 oss. clever— 00a to tea

CATTLE" &e. ROWORD, Apll 4.—Wo had a
vary bossy market to-day, at barely IA work's prices, of
all Wads of stook. - Beef, 2s. 10d, to b. 4d. Matson,
3s. 4d. to 4s. Lamb, 6s. 6d. to 6s. 6d. Veal, 3s. 6d. to Is.
Pork, U. dd. to da. 4d.

COLONIAL POLICY.
On Lord J. RUSSELL moving that the house, at ita
riming, do adjourn till the 16th of April,
Mr. HUME said that he wished to call the attention
of the holies to the state of their colonies at that
summit. There could be no doubt that they were in a state
of dmatialisdra aad contention which could only lead to the
west fl@wairsi esaae 'Hear.) Governors were

_..teenees.
opposed to assemblies, and ounem&es were opposed to coun-
cils. (Hear.) There w.s that kind of contradiction in their
whole proceedings which was a disgrace to this country.
(lieru.) The dissatisfaction which existed in the principal
portions of their colonies could be occasioned by misma-
nagement on the part of the colonial office alone. The time
was gone by when the colonies could be ruled for the inte-
rest of this country alone. The interests of the colonies, as
well u the interest of this country, must be regarded if the
colonies were to remain in connexion with Eng-
land. If they were to have colonies, the colonists
must be convinced that it was for their advantage
to be connected with the mother country. (Hear, hear.)
What had taken place in Jamaica, which some time ago
might be taken as a pattern colony ? The House of Assembly
there wished to make certain reductions, but what they de-
termined upon was rejected again and again, by what might
be called their House of Peen. Was it not mons!rous that
the people of this country should be called upon to support
a large force in that colony to maintain such a state of things?
Any government that suffered a state of things like this to
continue ought not to be allowed to remain in office. (IL ar.)
What had been done with regard to Demerara and Trinidad?
Mr. Darkly had been sent out to Demerara with the avowed
ob,ect of settling the differences which existed
respecting the reduction of the Warns of the
high officers of government and the civil list. This
party then in favour of retrenchment would not reduce the
salaries of the inferior officers unless they were first allowed
to reduce those of the higher officers. Some of those who
were appointed by the colonial office itself were in favour of
that principle ; but instructions lied been sent out by Earl
Grey, telling them that they might, if they wished, estate
their opinions, but that they must vote with the government.
That was a most objectionable principle. From the 30th of
Dec. 1847 to the present day the popular part of the govern-
ment of the colony were in constant contention with the co-
lonial office here on this subject. The state of things in the
colonies had been altered by the free trade measures in this
country, which he thought were most wise ; but then the co--
lonia office should regulate the administration of the colonies
according to this altered state of circumstances. It was said
that the Court of Policy stopped the supplies. It was not to.
81r H. Light, who had been made a knight because he was
an obeequions man, and obeyed orders, would not allow the
civil list to be reduced, and he adjourned the Court of Po-
licy. The colonists then said, if you do that we will not
vote the supplies, and we will not make a reduc-
tion in the smaller officers unless we ere allowed to begin
with the higher. The court was accordingly adjourned, and
consequently the supplies could not be voted. Governor
Walker succeeded, and be said also that they should not
meddle with the higher salaries—the salaries of the go-
vernor, judges, and clergy. The Court of Policy again
said that they would not reduce the ealaries of the smaller
officers. The consequence was that the law relating to the
import duties expired, and goods were allowed
to enter without any duty charged, except 21
per cent., which was charged by the government on
its own authority, a proceeding which there was every rea-
son to believe was illegal. But Earl Grey, without the
unction of the representatives of the people paid the salary
of the governor and the civil list out of whatever money be
commanded. Such had been the state of the colony fur 14
months. Mr. Bsrkly arrived in the colony on the 14th
February. He was received with the greatest acclamation
and respect; but, though he had been sent out to settle the dif-
ferences which existed between the colony and the home-
office, he told the colonists that he had no authority to con-
cede the question of the civil list. The consequence was that
the colony was now without any law except the
ordinances of Lord Grey and the colonial-office. He
asked the house whether this was • fit state in which
to leave the colony. (Hear.) It was enough to drive men
to desperation. He had presented a petition from 2,000 co-
lonists on this subject, which was the most numerously
signed petition that ever came from the colony. But no re-
dress was afforded them. He now asked the noble lord
whether be would allow Earl Grey to be playing these
pranks with the property, and it might be with the lives, of
the colonists. How different was the state of things in Ca-
nada, where representative government was allowed its free
course of action. It had been stated that Canada was in a
state of rebellion and discontent. Nothing could be more
unfair and untrue ; for he had papers dated the 26th of Feb-
ruary, by which it appeared that the measure of the go-
vernment which it was said caused the discontent was /up-
ported by 67 to 6. (Hear.) If the result of responsible
government was so successful in Canada he advised the noble
lord to allow the same syssem to exist in their other colonies.
Votes of thanks had been passed at large meetings to Lord
Elgin for his able and statesmanlike administration. That
did not look like rebellion. Lord Elgin exhibited great tem-
per and firmness in his administration, and as long as he re-
stained the more he would consolidate the British power in
Canada. He hoped that they would soon be enabled to
withdraw the 10,000 troops that a ere now in that colony,
and that Canada would be allowed to defend herself from
attack if any
.power were disposed to attack her, which he
, did not believe was the case. In almost every other
' colony where the Colonial-office interfered there was
diseentsst He objected, therefore, to the adjourn-
meat kr so long a period 44 the 16th unless
some ametraace was given that steps would be taken to re-
move the grievances of which Demerara and Jamaica com-
plained, sad until he knew whether the principle of rill-
government would be extended to these colonies gene-
rally. (Hear.)

Lord J. RT.ISSELL said the bon gentleman had taken a
new occasion for stating his opinions with respect to the co-
lonies • but the theme was with him a very old one, and
the language he used was by no means unusual. The hon.
gentleman said that all their colonies were discontented.
Now they had 43 colonies ; and whenever it so happened
that two or three of them felt dissatisfaction and discontent
at the existing state of things—which was not matter of very
great surprise where they were so numerous—the bon. gen-
tleman had invariably recourse to an old figure of speech
of his, and took a pert for the whole. (Laughter.)
The hon. gentleman said that all their colonies were
discontented. (Mr. Hume it is true.) Well, now he
would take an inhume, The hon. gentleman on a former
occasion bad used Unsnap with regard to Canada which he
(Lord J.Russell)did not tMak was at all entrained to reconcile
that ',tonne* to the government of this country ; but which,
on the contrary, tended to promote rebellion and resistance
to the due authority of the crown. For his part, he laid
that force and rebellion should be met and put down by
I fora, bet at the same time be said that he thought a great
colony like Canada should be conciliated, and that the feel.
ingps end wishes of the people should be consulted in the mi-
n of its affairs. The incitements of the hon. gen-
tleman were to a certain degree successful, but our force
was more euceessful; and in spits of various predictions
that he was following the course of Lord North, and that
the Canadian provinces would be separated from this country I
like the North American provinces, the meson» which he
Fed, the union of the Canada, bad been successful : it
aced content, and the prophecies of the hon. gentleman II
been completely contradicted by the fact. That was
granted by the hon. gentleman himself, for he said, that
Canada, instead of being di satisfied and discontented, was
I now quite contented, and bad supported a eertein measure of
tin government by a large majority. And let it be read-
bided, that with all his attacks on Lord Grey, which were
NAM tie sperieg dad most frequent, it was he who recess.
amid film reeentloyernor of Canada, whom the Ma.
much praised, to the crown. (Hear, hoar.)
Cllimelia. wan= admitted, as all reasonable persons must
Wok thst the present governor of that missy eanied into
ISO the limey of resposeihis government with that prat-
timiainfaratke and geed same which mkt alone make
OM limey eondocive M.Abe Mimeo of the mother coun-
try pi well ea to the intmeela deo 'okay. (Hear.) There-
for, Wit mord to Mot ellesy, then was a little exception
to fie eillisient of the be., gentleman that all the colonies
‘lllO dissilewled. Whet more did the hon. gentleman
via far as mewled representative government ?
Mr. HUME said he was perfectly satisfied with respect to
Canada.

Lord J. RUSSELL was very glad of the admission, that
with regard to one great colony the bon. gentleman was ft-
naffed. Then with regard to Nova Szotis and New Brune-
wick, he was not aware that there was die antent of auy
consequence in that colony. (Hear, hear.) Again, with regard
to the colony of the Cape of Good Hope, of which they had
heard so mach last year, and in which a war bad been
carried on which was very costly to this country, and, at
the Name time, very irjunous to the c ny, Sr H. Smith
had been recommended as its governor—a man not only of
great ability in war, bat who was thoroughly acquainted
with its condition. (Hear.) He believed that his adminii-
tration of that colony was a wise one, and that it bad been
accompanied with the happiest results, because there was no
longer war or any discontent on the part of the colonial.
He perfectly agreed with the hon. gentleman gene-
rally, that, wherever it was practicable, their oole-
nice ought to bars representative institutions. (Hear.)
There was accordingly under coosideratien at the present
moment a plan proposed by Sir H. Smith, the details of
which had not yet arrived, by which representative Icahn-
limos and a gnat deal of popular control, en the part of the
people of the colony, would be introduced into the govern-
ment. (Hear, hear.) That was an object which he wished
to accomplish as much as the hon. gentleman, and it was now
in course of being carried out. New Zealand was another
colony, with regard to which there was a groat degree of
discontent a few years ago, and very warm discussions took
place on the subject in that house. The late government,
and more particularly Lord Stanley, deserved greet
credit for the appointment of the individual who
was now Roessner of that colony. lie (Lord J.
Russell) was so much struck with the ability he dis-
played in making a survey of Australia, that he bad the ho-
nour of appointing him to an office there, from which he wee
promoted to the governorship of the colony of New Zealand.
From all he understood, he believed the colony was likely to
prosper under his administration. (Hear, hear.) With re-
gard to New South Wales and Van Diemen's Land, although
in one of those colonies there was a good deal of discontent
on the subject of transportation, he did not think it could be
said that general discontent prevailed in those colonies. Let
the house consider that there were forty-three colonies
under the British crown, with various institutions, inhabited
by different rues, and the government of which must, at ell
times, be a matter of coesiUnble difficulty. Could the hoe.
gentleman name 43 independent states in Europe eir
America is which perfect contentment at present prevailed?
(Hear, bear.) He defied any hon. gentleman to name 43
states in which the constitution, whether despotic or liberal,
gave entire satisfaction. It bad been said that great dis-
content prevailed in the colonies generally, but when this
matter was sifted it turned out that there were but a few of
the colonies to which any such observation was applicable.
He would not deny that there were colonies in which
there was a good deal of dissatisfaction ; but, if they
looked to the causes of that dissatisfaction, especially in the
sngar colonies, they would find that it could not be laid to
the chugs o' the Colonial Secretary. The bon gentleman
was perfectly aware that the act by which the slaves in the
sugar colonies were emancipated, and the act which sanctioned
the admission of foreign sugar into this country, bad made
it difficult to procure labour, and thereby diminished the
price of the produce. The hon. gentleman himself did not
complain of the passing of those acts ; and whether it were
wise or not to loess them, nothing could be more natural than
that a great cheap in the value of the property of the co-
lonists should have produced very great diseatieaction, die.
content, and alarm. (Hear, hear.) He was surprised that
the hon. gentleman should have referred to British Guiana.
(Hear, bear.) A committee on the state of that colony had
been appointed early in the session. It was not desirable
that any discussion should take place without first seeing the
evidence. (Hear, hear.) There was, however, one repre-
sentation of the hon gentleman which he could not pats
over, aa he believed it to be inconsistent with the fact; he
referred to the statement that Lord Grey would not allow the
colony to make any change in the civil list. What Lord
Grey slid in effect was this : let redactions be made in the
civil list, if you please, but let them be made consistent with
good faith between the crown and the colonists. In the year
1844 the colony gave voluntarily a civil list, which was to
continue until the year 1831 ; and those who held office
under that civil list held it on the one hand on the faith of
an act of the provincial legislature, and on the other, on the
faith of the crown. Lord Grey said the act would expire in
1851, and that it would not be right for the provincial legis-
lature, by its own act and on its own authority, to disturb the
arrangement previous to that period ; and, in taking that
position, he was doing no more than he was bound to do on
the part of the crown. No person could enter into the ter-
vice of the crown if he might not rest assured that any en-
gagements which had been made with him by the crown
would be fulfilled. (Hear, beer.) The hon. gentleman
said that on that subject the colonial legislature had been
overruled, and had spoken of that body as if it were a popu-
lar one. Now that legislature was, in reality, elected by a
very small number of persons, and it did not, be believed,
by any means represent the colonials. Although he was
timid in carrying out his view when Colonial Secretary of
State, yet ho had always been of opinion, and he still consi-
dered, that the representation in that colony eught to be a
more popular one—(hear, hear)—and that the present legis-
lature did not represent the general or popular opinion. The
whole case, then, of the hon. gentleman, as to there being
great discontent in the colonies, resulted in this—that in the
case of the sugar colonies, there had been effected,
by acts of parliament, changes which bed caused very
great difficulties and considerable discontent. Now, the
Colonial Secretary not having made those changes, yet
having to deal with them, deserved the utmost assistance hs
his endeavour to surmount the difficulties of his position with
the firmness which was necessary to support the due authority
of the crown. As the house was to be adjourned to the lath
he would not say any more at present. The house would
have another opportunity of considering what was best to
be done. Ile did not think the general theory with regard
to popular representation was applicable everywhere, for
example, in the case of Gibraltar. (Hear, hear.) The hon.
gentleman said that every country should be governed by a
popular legislature. The general proposition admitted of
great exceptions ; but he did think, that in every British
colony, where there were men of British descent, capable of
governing themselves, there should he popular representa-
tion. (Hear, hear.) It was by far the hest that persons
thus situated should look into their own concerns, and
their opinion with regard to their own finances was likely
to bee great deal more valuable than the opinion of any
oolonisl minister. At the same time the maxim must be
acted upon with prudence and with a certain regard for the
actual condition of the colony. (Hear, hear.)
Mr. BERNAL said although he was not disposed to blame
the Colonial Secretary for all the discontent end heart-burning
which prevailed in the colonies, yet he could not disguise
from himself that the sugar colonies were in a state on which
it was painful to reflect. The financial condition of the colony
with which he was especially connected—Jamaica—was mat
deplorable. He would be the last man to advocate a ruptute
of contracts; but he knew that at that moment there were
ministers in Jamaica who would receive no salary but for the
exertions of their congregations. This was a state of things
which ought not to exist, and he would recommend those
who conducted the affairs of the empire to observe great
temper and moderation in their communications with the
Monists. (Hear, hear.) They lived in an age of experi-
ments, and though he had no wish to speak against what
had been done, he thought that before they embarked in
any further experiments, they should take care not to run
any risk of losing their colonial possessions.
In reply to a question from Mr. OTLAHERTY,
Sir W. SOMERVILLE said that soon after the recess he
should introduce a Grand Jury Bill.
The motion was then agreed to.
ATTACHMENTS COURT OF RECORD (IRELAND)