The Express.
London, England, 1850-06-20 00:00:00

MONEY MARKET.

WEDNESDAY Beaux°.
The Severn has brought to the Bank of England,
towards the payment of dividends on the Mexican
debt, from Vera Crux, 49,727 dole. 57c.; from Tam-
pico, 10,997 dole. 730.; total, 60,725 dole. 30c. The
amount pending for account of the bondholders in
Vera Crux was estimated at 158,822 dole. 26e. on the
18th ult., and in Tampico at 10,107 dole. 25c. on the
14th ult. By her Majesty's ship Inconstant it was
intended to ship 4,674 dole. 2c. from San Bias for
account of the bondholders.
The accounts from Tobago just received by the
West India mail concur in deprecating the great an-
noyance and inconvenience, as well as pecuniary loss,
to which the importers of goods into the island are
subjected since the tariff bill came into operation,
which the Governor-in-Chief assented to on his recent
visit to the colony. It was generally believed at the
time that the Governor-in-Chief would have waited
for the Royal assent to the measure before he caused
it to be proclaimed. This, however, has not been the
case; and however commendable the motives
of Sir William Colebrooke may have been,
it is evident that in the present case he
has acted with greater precipitancy than a
dap consideration foe the interests of the colonists
would have suggested. The consequences are that,
although the new tariff does away with the foreign
duties as regards colonial revenue, yet these are regu-
larly demanded under the imperial act by the custom-
house, and paid, to the great loss of the importers, and
it is averred. without any advantage to the colonial
revenue. The bill to repeal the Imperial Duties
Act, though assented to-by the Governor-in-Chief,
has not been proclaimed, and, therefore, is not in
force. Added to this grievance, a former bill,
imposing an ad valorem duty of 2,1 per ',cent.,
not being repealed, through some blunder of
the House of Assembly, was revived, so that
three separate duties are now being collected at
Tobago, which, as may be supposed, act most oppree-
, sively as regards several of the mercantile interests.
For the latter duty, it must be observed, there is a
local remedy, the poring of an act to repeal the 21
per cent. duty, which happily had already passed
the Assembly, and will no doubt, so soon as the
necessary forms will permit, receive the as-
sent of the Council and the Executive. It
was also hoped end expected that the duties',
paid under the act in consequence of this over
sight will be refunded by an act of the House of
Assembly, as it evidently never could have been in-
tended to levy three distinct duties instead of only one.
His Excellency the Lieutenant-Governor, Major
Grreme, and family had arrived out. The Agricul-
tural Society had held their quarterly meeting, when
samples of sugar were exhibited from various estates,
and amongst them two from Golden Grove and
Grafton, the one having been manufactured with the
aid of gypsum, and the other with the lime and vege-
table ashes of the cashew. Both samples were of good
quality and fair appearance, but considerably inferior
in colour to the (samples manufactured in the ordinary
manner, all of which are reported as being of a very au-
perior quality. The want of encouragement to the society
is very much regretted by all who take an interest in
the agricultural prosperity of the island and neigh-
bouring colonies.
The advices from China by the overland mail have
supplied u• with an official account of the import and
export trade of the port of Canton during the year
18-19. The value of the merchandise imported in
173 British vessels of t 50,311 tons and 72 Hong Kong
Larches of 6,560 tons buttheo, was, in British
woollen manufactures 768,012 dole.; in British cotton
manufactures, 1,475,641 doll.; and in miscellaneous
articles of British produce, raw and manufactured,
171.983 dole., snaking the total imports of British
products and manufactures,. 2,115,071 dole. The im-
ports of the products of India and other countries,
from British India, Singapore, Batavia, Austrilia,
&c., amounted to .5,45G,573 dole., of which 4,769,641
dole. consisted of raw cotton. The total imports in
British ships thus amounted to 7,902,244 dole., equal,
at the excha^ge of 4s. 2d. per dollar, to 1,646,301/.
sterling. On referring to the tables of exports we
God raw raro iuee set down at 10,461,300 dole., of
which 9,336,700 dole. consisted of tea. The exports
of all descriptions of manufactured articles were
1,022,573 dols.; making the total exports in British
ships, 11,183,933 dole., or 2,392,9031. sterling.