The Northern Daily Times.
Liverpool, Merseyside, England, 1856-01-26 00:00:00

The Black Ball Line of packet-ship Champion of
llle Seas, Capt. Newlands, arrived at this port yes-
terday, from Melbourne; after a passage of 89 days,
h••
'leging 181 passengers, 124,000 ounces of
•
tad advices to the 27th of October.
The James Baines, from Liverpool, with dates
f the sth of August, reached Melbourne on the
25th of October, after a passage of 81 days. '
Shalimar was announced to leave Melbourne
Liverpool with the next bi-monthly mail, on
9th of November, and the Admiral. for T.on
Was to leave on the ISt of Decemb
Of

Champion of the Seas, the
I".'s :—Bank of Australasia,
New South Wales, 20,000 ozs. ;
Bank, 15,000 ozs.; Bank of Victoria, 1 ,000
Oriental Bank, 6,240 ozs.nglish
i,126 oz,
Scottish and Australian Chartered Bank,
2,500 ozs.

brought by

00 oz

)ped as f

Bank

London Chartere

Union Bank, (

thane advices now :to hand are nine days 1
those recently received by the Ben N(
from which they do not vary much in their to
We subjoin

Journal of 6
W"e have, we believe, before remarked that, as
regard 3 the length of our summarie:d, we do riotatternpt to compete with our dail-si- cotemporarie,s
INTor iodeed is it at all desirable that we shoulf
!or, if we were to do so, AvP4 should either 11-
8".11ch upon the forbirlLien ground of ,-
11)1.11. out our rem:drkS upon tore
egninlate 'provi' -
tuoro
4,11 d there',
ugi,.

.e summary from the M

ournc

gelee:—

'lce to an unwai
n all probabilit

valu el

le ex

and ust

we shall
ghall

„,, .4, your to avoid both of these' evils —.
oeltouch subjects purely. ;political, and we b..-
Y dwell, very briefly indeed, upontwo or three
taPics of a commercial character.
IWe shall take gold first, that being the article of
°st importance amongst us, and without which
e should only be as our neighbours are. The
yield continues very large ;
indeed so large as
`effectually to dissipate every particle of the notion
"that the pahniest days of our gold yields are gone
or that their duration will be limited by the
lapse of a few years, as has been ore-
dicted by those in whom we fear the swish hasetimes bepen
father to the thought. During the week ending
the 13th current the escorts brought down the,
enormous quantity of 64,181 ozs., and it is well
li,nown that the escort returns do not now, as in
days of yore, When bushranging, was in vogue,
represent
indeed anything like the total quantity produced.
fished Yhis is demonstrated by the latest pub-
returns upon this point, for we find the
amount brought clown by escort this year to he
d 1,671,060 .ozs.—while the quantity shipped to this
ate is
,003,46 S ozs., a difference of not less than
3241053 ozs.., or nearly twenty per cent
ealltiv..e quantity shipped,
Iv,
the escort last week only brought down 37,868
()z., an amount much below the average; which
may be accounted for by the number of ” rushes''
to new fields which have occurred within these last
two or three weeks. At the mostimportant of these
new fields—Fiery Creek—there are not less than
0,000 people congregated. Ballarat maintains its
original character—new leads have been struck,
end instances are numerous in which from £BOOO
to £lO,OOO worth "of gold has been taken out of
single claima. Dendigo is reasserting its old
supremacy; not only have fresh alluvial diggings
been. lately opened in this locality, but experience
tas shown that the quartz reefs there are equal in
tie'aness to any as yet worked in the colony. A
'ec,l'A important discovery has been made at
-:'.l,eiglitz," a township about thirty miles north
ila:ietro_t_Geelong Quartz veins have been struck
of 2-„ej_,W-hich not only contain a large Percentage
S 14. but silver, copper, and lead all intermixed.
these doubt has been thrown upon the truth of
b %e„ facts; but we are bound to admit that the
thael-a-,ce of evidence is in favour of the reality of
4„,—"scovery; indeed, if reliance may be place,
sue a paragraph in our Geelong cotemporary s
':stle of Saturday last. the question may be con-
dered as satisfactorily settled. He says—" The
T'3,riginal discoverers have been put in possession of a
Tab`ailn on the reef whi eh, if it turns outhalfas good ir
e samPles, will make their fortun P.-
IvVille Set to work, -with what success ~.
eat. the We have, however, clear confirm._
°f
of the original claim from whence
Ihe hold
immediate
oPper specimens were procured. and
ntsg_vicinity. A mass of quartz, weigh
night,il -'; cwt., was brought down to Geel"—
as & specimen of the reef: '
the surface, about 30 feet from where th

of the

Other parties

it was

'ound on
gold and

. ______
......... ......_ _
coPper sPeeitnens were procured, and is all spotted
over with gold." With these, and numerous like
facts before us, we are disposed to believe that
70,000 ozs. per week will not exceed the quantity
henceforth produced.
Next as regards monetary affairs. ..,visis in
Which the Government was supposed to be
'involved may be said to have already passed away.
'The colonial exchequer cannot be otherwise than
:approaching, if it has not yet reached, a thoroughly
;satisfactory condition: With a diminished expen-
diture, and a rigid economy in every department—
and A with a revenue which, for so smalltmeat—
munity, a com-
munity, is almost fabulous—with the `ho
of the
first series of debentures (about 400,000/.) disposed
of—how can 'we doubt that the finances of the
colony are, or soon will be, again in such a con-
dition as almost to defy the power of our financial
tMagician to disarrange them, or render them even
emporarily unequal to the demands made upon
em.
The monetary condition of the colonists has also
been improved within the last few weeks. Money
is still scarce among many who used formerly to
''btain an amount Of accommodation to which they
sere not fairly entitled, and for which they now
k skin vain—and well for the colony generally that
t ec—for those to whom we allude were neither
engaged as producers nor as legitimate traffickers,
Glit
liot OnlY, as it were, as surphis or excessive traders.
—°44 fide merchants, or those who can show a
31-lbstantial basis for their operations, have no diffi-
ass'
cult
;y, Nv e feel assured, in getting all the monetary
stance which they can reasonably expect. The
quarte
as mayrly bank returns, just published, prove this,
he seen by reference to the following
table, in which the returns for the third quarter of
'354 and.this year are placed .in juxtaposition :
Third (barter, Third Quarter, 185,1.

Notes in circulation
Bills do .

42,386,760
• _ 60,213

1855.
41,942,859

._ _ .
.....
Deposits not beating intereet... 5 8827'717 49,20 b
4,468,193
Do bearing interest interest., 4,4
63,193 ' "
Total liabilities ....... ....... 143,370
9,307.729 6 916 930
Coin .... ... ............. . 2,670,821 ' 2,519:580
Bullion
482,582 602,664
Landed property. .
Debts due to banks 6,791,336
,679,512
Total assets .
4id-up capital .. 3,291,007 4,698,280
Amount of last dividend. ...... 322,235
302,231
Reserved profits ............ 675,937 1,057,
Government securities ....... . 377,100 511,9211
2
In the flour and grain mar 6
markets we have again to
remark on wide fluctuations of value—namely, not
less than 25 per cent in the price of flour during
the past .month ; the extremo prices having been
respectively 321. and 411. At the end of September,
flour having become very scarce, the price advanced
rapidly from 351. to 401., with every probability of
its reaching 451, when the market was relieved by the
simultaneous arrival. of the Flying Arrow, from
San Francisco, and the Roderick Dhu lnvincible from Valparaiso, with an ag and
r
Quantity of 1250 tons of flour. Through tegate
hegeager..
ness of importers to sell, under the impression
that very considerable quantities were at hand,
the prices fell to 321., but quickly rallied to 351.
receiving however a check again by the arrival
here of the Malcolm and Island Lady, and of the
Staghound, which called iu at Sydney on the
sold
waY here. These cargoes hp 7 ^—
.
R'

0 -- an again peen
at 32/., the price went down tot, 34/., at which
i_t remained stationary at the mills for fully fourteen
claYs, although the importers of the cargoes of the
Heury Winch and Galga, which arrived a little
to
later, were led by their advices from the west coast
hold out for higher prices than what the mills
were selling at. For some time both the millers
and the public could not be brought to believe