The Express.
London, England, 1853-04-16 00:00:00

cniment MA
Other 2.954.9 i-v
Cot.: 18,707,39 d
Wirtz Hullloa

,02.816.400
Da azugo a-joky/min.
Prorrtetor ' ) tkno moat ,e4e..-Itles
surt . . 3,10606 r,%1 1% d
Au;itutvi £13.671.382
ff";"^iAt'Akaiou, OthcorSOCillijtt
Dubt,al .1 Dia. Amts.) 4,711,1118 0.:1•1 mod Oliver 0301 41.4074
01Lor . 14313307
buvca-.l.aleaL Likat iuLa 1.4,N.737 I
i1.33,7:).;(i1i
April 14, 1d53. M. 11111611 ALL,

432.01,,,40)

Ukabier.

This return when compared with the previous
week's balance sheet, shows the following results:
Circulation issue
Circulation active 22,976,715 lc crease 589,545
Public deposits 4,733,108 Decrease 3,501,007
Other deposits
Qsvernment securities in

banking department... 7 13,071,332 Increase 206,811
Other securities in banking;
department
Coin and bullion in both
departments
Seven day and ether bilk 1,189,237 Increase 113,te7
The Rest
The Reserve
The changes exhibited in this return aro numeri-
cally very large, but are almost entirely traceable to
the payment of the dividends, which commenced in
the week embraced. The tleerem:e in the " o'her "
securities is of course owing to the repayment to the

Bank of the sums advanced during the shutting.
The influx into the Bank of Australian gold (brought
in by the Great Britain and other vessels) must have
been considerable, as the increase of 218,8834 in tin
stock of the precious metals. is in face of a considera-
ble demand for coin on the part of the dividend re-
ceivers. The decrease in the rest is caused by the
transfer to another part of the account of the sums
applicable as dividends oa Bank Stock.
The " South Sea and other Annuities Commutation
Bill" was issued this afternoon from the Parlia-
mentary Paper-office. It appears that amongst " the
words printed in holies" which " are proposed to be
inserted in committee," are included the issuing price
of the proposed new 31 and 21 per cent. stocks re-
spectively, and the date to which the government
guarantee of the fixed rate of interest shall extend,
so that it is fair to assume that the Chancellor of the
Exchequer is open, on fair discussion of the subject,
to allow of modifications of his plan on the all im-
portant point of terms. As a great portion of the
objections to the scheme has consisted in the unne-
cessarily favourable nature of the terms of option
offered to the fundholder, a very important point
will have been gained, should this anticipation of
Mr. Gladstone's moderation prove correct. Authority
is given in the bill to the Treasury to
fix the number of years during which the interest of
21 per emit. per annum shall be payable on the pro-
posed Exchequer Bonds, and also to determine
whether the bonds shall be redeemable at the option
of government only or at the option of the holder
also. The government are to give notice in the
London Gazette of " what they shall determine iu
these respects as soon as may be after the passing of
this act." We have already drawn attention to the
palpable impolicy of giving the bondholder the option
of demanding repayment at the end of the period to
to be fixed ; and it is to be hoped some clear state-
ment will be elicited from the Chancellor as to his
ideas on this hive; tont point. By other clauses ac-
countants•general of Chancery, the accountant in
bankruptcy, trustees, and executors are indemnified
for concerting into either of the new stocks
the South Sea and other Three per Cent.
Annuities proposed to be compulsorily con-
verted or paid off. Executors and trustees
are also indemnified for effecting a voluntary con-
version of Consols or Reduced Threes. All questions
as to trusts arising on commutations under this act
may be decided by the Court of Chancery or by the'
Scotch Court of Session. The Treasury is also em-
powered to issue Treasury Bonds, and, after notice
in the London Gazette, to sell them, if requisite for
the purposes of the act. The total amount of these
Exchequer Bonds, however, remains absolutely fixed
at 30,000,000 f., including the amount that may be
sailed for by the present holders of the three per
cent. stocks to be compulsorily converted, who have
merely a prior claim to the bonds. Provided
the option of the repayment of the bonds
were made to rest with the government, and
not with the holder, it is clear, as we have
before pointed out, that this limitation is injudicious.
The two last clauses allow of bonds which may have
been accidentally destroyed to be re-issued to the
holders after all due formalities before the Court of
Exchequer, and make forgery of the bonds or inte-
rest certificates felony. Divested of tee usual for-
mal verbiage, the;provisions of this act—with the
reservations above referred to—are identical with
those comprised in the " Resolutions " of Mr. Glad-
stone issued last week, and already published in the
Express.

LONDON COURSE OF EXCHANGE.-APRIL 15.
Time. Feces as negoilater tbia day
Bills and M. Money.
fonstenlam pug 'Short 1 in. giste. .. 110. 171,,ta.
Ditto
Rotterdam
Antwerp
Brussels
„ „ 251 r. 25c. ... 231 r. 274 e.
litunlnug and Altona „ „ 13mes. 71achl. 13rom. ataoh
di. Petersburg ......per •ruVe „ 37$ pence ... VI pence
Paris per £ Short 25fr. 021 e. ... 25fr. 07$e.
Ditto
klaraeilles
Frankfurt...el-the-341w per £lO „ „ 1200. kr. ... 120rtl. kr
Vienna (effective) per S „ 1111. 4kr. ... MIL 6 kr.
Trierto
Madrid per dllar ~. 501 penes ... 60 pence
Cadiz n 5Ol penile ... 50$ pence
Bilbao
Barcelona „ „ 49' pence ... 49i pence
Ilalsga PO OS 50 pence ... 49$ pence
Seville ...... ~ „ SS pence ... 494 penes
Gibraltar „ „ 50 pesos ... 49j penes
Leghorn
Genoa
Naples per chat „ 41$ mum ... 411 pence
Palermo per ounce „ 12 pence ... 1211 per.es
NJ I,ll,ina
Li.O.XIII pea milzet 90 days date pence .. 53i pence
Oporto „ pence ... 53$ neliCo
New York a days aight 48; pence ... 49 perms