The Express.
London, England, 1862-07-24 00:00:00

THE EXPRESS, THURSDAY EVENING, JULY 24, 1862.

WAYS AND MEANS.

The report of the committee of ways and means was
brought up and agreed to.
The Polliog Places (New Shoreham, lie.) Bill and the
Stipendiary Magistrates Bill passed through committee.
The Corrupt Practices Prevention Act Continuance Bill
was read woad time.

The Lords' anwoduients to the Petroleum Bill were con-
sidered and agreed to.

TRALEE SAVINGS BANK.
Leave was given to Lltptain OVotnata. to bring in a bill
to provide for the winding up of tits affairs of this bank.

APPROPRIATION BILL
Mr. BRAND brought in the Appropriation Bill, which
was read a first time amidst cheers from the few hon. mem-
bers who remained in the house.
The house adjourned at six o'clock.
Psm.—Colonel Lloyd Watkins has paired with Mr. King
King from the 23rd inelt. to the end of the session.

COMMITTEE OP THE HOUSE OP LORDS ON THE
THAMES EMBANKMENT.

Yesterday the committee appointed by the House
of Lords, consisting of Earl St. Germans (chairman), Lord
Stratford Radcliffe. Viscouet De Vesci, the Earl of Powis,
and Lord Longford, met to finally consider and settle this
important question. There was a large array of counsel and
of the various parties interested. After hearing Mr. Ser.
joint Wraugham, Mr. Hope Scott, Q.C., and other learned
counsel, pro and con., the committee paned the preamble
of the bill as it came amended from the Commons, alEmiing
unaltered the cardinal clause of the measure, which
provides that the embankment shall commence at the
northern side of the Middlesex end of Westminster.
bridge and terminate et Blackfriars.bridge, thus
wetting aside the opposition of the Duke of
Buccleuch and of the crown lemon and furnishing an unin-
terrupted public route between the east and west of the
metropolis. The improvements sod works clauses, as finally
settled, provide that the embankment shall be 100 feet wide
up to the, eastern boundary of the Inner Temple, and not
leas than 70 feet wide thence to Chatham-place, with all re-
quisite approaches. The approach road leading out of the
embankment is to be of an uniform width of not lees than 40
feet at a gradient of I in 30. and communicating by means of
approaches with Surrey, Norfolk, and Arundel street.. The
new street to come out of the embankment at the east side
of the Middlesex end of Hiingerford-bridge, passing through
the parishes of St. Martin's, St. Clement's. and the Savoy,
will terminate in Wellingtoo-street, Waterloo-bridge,
opposite the north wing of the western frost of
Somerset-house, with several shorter oommunicatioes
out of it,4 terminating in Villiers-street, Bucking.
ham and Cecil street.. Another new street, com-
mencing by a junction with the last communication,
will form a junction with it at George-street, Adelphi, and
terminate in Whitehall-place at its eastern end ; and the
completing feature of the undertaking will be another new
street running out of the embankment or roadway near
Whitehall-stein, passing through Whitehall-yard, and ter-
minating in Whitehall, opposite the Horse-Guards.
Tbecommittee struck out three clauses inserted by the
Commons—clause 9, to empower the Metropolitan Board
of Works not to proceed to construct the street between
the east side of the Middlesex end of Hnogerford.bridge and
Wellingtoo-street, until the other works authorised are com-
pleted ; clause 33, which *ought to provide that the plans
and elevations of all buildings proposed to be erected on the
lend reclaimed by the embinkmeot, or on lands fronting
the river, should be submitted to the Fint Com-
missioner of Works, who it was proposed should
have power, within one month after the receipt of
the plain and elevations, to express in writing his disappro-
val of the whole or part of them, and enacting that the
buildings so disapproved of shall not be erected. Clean 36,
empowering the board to sell surplus lend, was struck out
as being superfluous, that power being sufficiently conferred
u pon them under the Ueda Clauses Act. The committee,
after making various verbal and routine alterations, then'
adjourned, and the bill, as amended by the Lords, will now
go beck to the Commons.

New LITSBOATN 101 PORTUGAL. Yesterday
some interesting mod very satisfactory trials were made in
the Regeot's Canal Dock, Limehouze, with two hie boats
on the plan of the National Lifeboat Institution, built by
the Mews. Forreett for the Portuguese goverment. A
large number of persons had suembled to witness thee:pe-
nmen* and amongst others were Admiral Sir George
Sertoritis, Goro, ,R. Lewis, Req., Messrs. Forrestt,
Mr. J. Prowls, Mr. P e. jun„ iko. The boats ass!aspen.
tively 32 fast and 7 feet wide. and rowing tag oar,
siogle banked. They were napalmed by means of some tack-
ling attached to an hydraulic crane. They self-righted
and each boat discharged the Miter shipped in the
operatios in 28 woods. When seventeen' owe were on
beard one of the bogie, it was found that her mush, was
Zyttuse td brought a wr.ash —utllideabeshoewi. mg her greet slabili
periweed bile,. X
would capsize. With twelve men on board, it was found
that the boat would still free herself el may sew she might
ship. Altogether, nothing could be more satkiastiery than
the Mel of each boat, and Sir George Sartori, repeatedly
=primed his admiration of the experiment

THE SCOTTISH AUSTRALIAN INVESTMENT
COMPANY.

The report of the directors to the meeting to be
held on the let of August states that the profit realised by
the company's opentions I. the colony dung the half-year
ending Dec. 31 last is larger than that of the previous half-
! year, although trade has continued dull, and there has been
so demised for reel property, and led • comparatively
Ilimited degree of activity prevailing in any branch ot busi-
ness. The grow profit realised in the colony during the
above period is 11,9844 7s. &L, to which must be added the
sum of 8611. 13s. lii. received in London for interest,
transfer fees, be., making a gross profit for the six months
of 12,8261. Ow. 7d. A comparison of the amounts with those
I issued in the last report shows that the increase in the
colonial profits of the half-year ending Dec. 31, 1861, over
those of the preceding six months amounts to 1,0314 lls.
The whole of such profit his been derived from the ordi-
nary sources of the company's revenue—viz., rents, interest,
and commissions, and nothing from the disposal of property.
The directors propose a dividend, payable on Thursday, the
14th day of August next, on the ordinary stock of the
company, 200,0001., at the rate of 10 per oat. per annum,
less income-tax, which will require 10,0001., and leave at the
credit of the reserved fund 8,2931. 16s. 4d. In the last
report your directors stated that • large tract of high table
lands, admirably adapted for depesturing cattle and sheep,
had been then recently discovered in the interior of the
colony of Queensland, and that leases of these lands—now
called "The Landsborough Runs," sodoaaos4agof 768,000
acres of fine well-watered pastoral land (capable
of carrying flocks to the extent of at least
240,000 sheep), and 205,440 acres of an inferior
description—bad been acquired from the government on
very moderate and satisfactory terms ; further, that the
manager, with the well-considered object of securing to this
company a first-class pastoral establishment, had obtained
for them an interest of one-half of such leases—the dis-
coverer of the runs retaining an interest of one-fourth, and
the remaining fourth being divided in equal parts by the
two gentlemen who have become the general superintendent
of the establishment and the manager permanently resident
on the runs. The directors now inform the proprietary that
a good road has been discovered, and followed out by the
resident manager, from this fine district of country to
Port Denison ; that the oink, with which it had been
resolved to stock the nine to • certain extent in
the first instance, will be plead on them well within
the time stipulated by the Queensland Land Pulations ; '
and that the manager, owing to • favourable road from the
locality where the company's pastoral establishment will be
' situated to the port of shipment having been so readily dis-
covered, and the advancing settlement of the pastoral die-
trees of Queensland, promoted am it is by • liberal and in-
creasing supply of labour, anticipates even a more early
stocking of the Landsborough runs with sheep than he had
previously expected would be found desirable or practicable.
The discovery of the road, as the manager observes,
"stamp this investment with, so to speak, an assured
value that in most eitisfectory.'"Phe resident manager
arrived at Sydney from the runs about two months ago, and
reported that be left them looking well, with an
abundant supply of gram and water. He started
on his return almost immediately, personally to
superintend the conduct of a large number of cattle
to the runs. The footing thus gained in the northern
port of this rising colony seems to show that the company
may expect soon to be able advantageously to extend their
operations in that quarter. The directors have been enabled
to issue • considerable further amount of debentures. They
have plead np to the present time 10,2961. of preference
stock, and 88,5201. of debenturee for periods ranging from
three to seven years (of which 87,6701. had been received
up to 30th June last, and appear in the accounts), mak-
ing together 98,8161. of supplementary capital to be
employed by the company in the colony, irrespective of the
reserved fund. A portion of these subsidiary feeds recently
raised has been temporarily invested in colonial government
debentures to wait the maturity of the manager's date
drawn against it, and these securities command • higher
price than they cost the company. During the first quarter
of the present year there have been signs of • returning
demand for booed property and land, though the manager
has not yet reported any very decided change in any respect.
The Lachlan Diggings, however, were becoming increasingly
productive, and giving promise of much greater develop-
ment. The production of cotton also seems likely to supply
the colony with • considerable accession of population, and
• new and important source of industry.