The British Press; or, Morning Literary Advertiser.
London, England, 1825-07-28 00:00:00

HAYMARKET THEATRE.

This Evening. THDRSDAY. Jitlen. will to performed •
SIMPeDM AND C.'.
M. %Mown. Yr. W. Farren; Mr.Drorney, Mr. Yin,ng: Mrs. Stmpson.
Mts. Gibbs; Mn. Ilrome7. Mrs. Davison.
After whlen.
THE YOENG QUAKEa.
Chronicle. Mr. W. Ferran: Young iiadbey. Mr. ii:nlrg ; SAWN,
ds4h. Mr. Marley Clod. Mr. Lston. Lady Ranneeva!, Mrs. Gloveet
A-unity:A. Mre. Waylett ; Dinah Pr:mtose. Miss P. Ulever Pink.
Mr a. (MU. . .

To conclude wjth
'TWOULD 1.1227.1.1 C A CONJUROR '
Van Dundee, Mr. Litton.

EXGL!SH OPERA HOUSE.

This Erthing, THURSDAY. July 29. trill he performed
BROKEN PRONNES:
Or. THE COLONEL. THE CA PTA!N. AND THE CORPORAL.
The Principal Characters by Meter& Bartley. Rroadhtwet, Thorne.
Wrench. W. Bennett. and Power; Aleutunet Noel. Stephens, Gray.
limpid, and Weippert.
To eonelu. e with
THE CASTLE OF ANDALT:Sik'
non Cesar. Mr. Deurnan ; Don Fernando. Mr. Thorne: Spade. Mr.
Er.c,ey: Pedrlllo. Mr. W. Chapman. Victoria, Was Noel: Catalina,
Mar GoerarJ; Lorenza, Wu gay.

UNDER THE ESPECIAL PATRONAGE OF HIS MAJESTY.
1101,1! GARDENS, rt UXHALL.
TLe PROPRIETORS of VAUXHALL. in consequence of Intimstlons
they Imve received from many of the highest classes of the Nubility
and Gentry. who porno*, re-visiting Vsuxhall previous to Irwin!
town, most respertfully state their intention of giving a MOST
SPLENDID OSSA TO-MORROW EVENING. FRIDAY, the Seth Inst.
being the Met this V. eek, forwhich preparation* have heen made on a
rust none: and extensive wale. The Concert and the Entertainments
gerersily will be expressly arranged for the occasion with peculiar
"Wins on public attention t • new Ballet Dance, of unusual Interest,
prodgreelt the Gardyns wil: be Illuminsted in the highest degree of
orralisental Wide and elegance; and the Fla e-works. for tullibuicy and
'rinser of belga. surpass any yet introduced, even atVanith•ll. It being
thedeXermltaation of the Prop' letors to reader the whole every way
1.11121311t6111 august and dlsCuguished Patronage they have so latter.
:ugly reee.sed.
Doors open at Seven. —Athol Rion 9s. ed.

BIIt, TIM Paris commenced publishing yesterday morning
at hall:pavf five o'clock.
e
LONDON, THURSDAY, Jeer 28, 1823.

The Freya Papers which we received last night contain
♦try few articles of any interest beyond the limits of the
cot:r.try in which they are published. The Echo du Midi,
a .:ournal published at Toulouse, but und:rstood to speak
t ,e sentiments of M. de VILLELE, announces in its cox.-
resronderce from Paris that the conversion of the rcntes
i 3 proceeding with great facility. The repugnance of the
repliers, we are told, diminishes every day, and this
treportatt financial measure, it is hoped, will SOOlll
t.e accomplished. In case. however, there should be'
vs; rertes not converted, we are informed that a pro-
ject of law will be laid before the Chambers next Ses- I
Mon for the division of these rcntes into several series, I
ro that they may be all paid off in • Cie course cf Eve
years. It is somewhat ludicrous, we must confess, to
art it stated as a doubtrul event that some of the reotes
ruiy not be converted when it is notorious that the opera-'.
Con hss been so completely unsuccessful. It seems, how-
ever, that the Minister, resolved to carry his point, is lool-
kg forward to the means of paying oil the refractory ten-
tiers. This is the only mode in which he can subdue
their resistance. The opposition journals exult in the failure
of the circulation of the French certilicau.s on the Stock
r.vehange of London.
'rhe Emperor and Empress of AL:srat• were expected
to arrive at Votive on the 40th inst. Magt:ificent preps-
reaums arc making fur their reception.
.The news from G:..ece merely confirms the irtelliimice
GOVILA.6 victory mar Salons. Ism. Art. PLiAssa. the
Toriritt Commander, was. by Got:al.'s °piers, put toj
death, after lie had surrendered, for the outrages lie had j
previously committed on the Christian inhabitants in the
vicirity of Parnassu;. Ail the soldiers under his comrcard
f.harcd his fate. To say nothing of the cruelty of this in-
riaughtzr of 61.000 men, we very much doubt
itt. policy. Assuredly the Turkish troops can have nu
hotter inducement to adhere to the fortunes of the
than the apprehension they must feel tbst if they capi-
•ulate they may he massacred in cold blood. IsaaniK
PACHA is said to be advancing into the Moms, while
Cosoccraomi is approaching Navarino.

(From the Afmiteur of Monday. July 24.1
VEN/CE, JULY 13.
Emperor and Empress of Austria will unite at Venice on
the IQtb of this month. The fetes that are preparing for their
Majestie-. will be maguificenL At Famine, where the lagoons
*rasa, a tcnt of the greatest beauty is erecting. Gondolas *pier--
4144 dexiratcd will go su fat to meet their 31ajesties. The midis:.
cities of Venice will wait at the ume place for the Imperial party.'
MiTher Mey hare einharlted the whole will pnweetl to Venice by the
7re-..t canal, and will Proceed to the Imperial Palace situated at
stem. Their ewraace wiil afford a very uucommun *pecoule. '
0- tie! 27th July Owe will be one of thase fetes • bleb cannot
`it. ue7 ar.y where bet at Venice. The twu great canals •41 lie
•dein-f-itted on We whole 'earl, end there will bets peouienade at
ten' Majesties will not Lave Venice till the beginn.3e of
A ilete.•
• AVe rare kyr*? number of strangers, and iber.2 is every rea-
,r,to 4,4l4corchat this ournbe: trill wanly increase before tie Lt.
:.,11.1 rte.: Majesties. It is lota since Venice bas bad so hi
sigiscated an apnewrisoce as it wid now hare. %Ve do not knJw
Majesties will go to Tzietite, or whether they will
d:rer:' from this city to Vienna.
- - - -

iFram tlJe noile dated Tue%Say, Juty 26
ZANTE.JUNE Id.
Let:trt from hepants of 14th June inform nv that banael
?liar . ir',q at the bead t a corps of 611eJ0 Tosidet bad entered
7i.oe:v„ was attaks-d on the la and 4d Ju-.e by Oe oral 0011r3,
eesien,ord forced in tint hitu. elt'ist! In the rus.a. uf ro, a rude
-.. witted in the environs e4Aropbasso. remrourlded ou ali sides. and
*chute of provisloos. howl to the Stralasdi

IPanorios to obearn ¢ zapi.utlation. which the latter ratted, stNett
to the ratification of his superior, General Gown.
The Toatdes, who had so many times been pardoned, thought
they were again saved, when General Goon, being informed of the
auelty Of Ismael Pliassa, who had raassaaed the Christian inha-
bitants. the monks and the priests of several convents and villages
of Mount Parnassus, gave orders that Ismael PISASSIS should be
hanged, and that his troops should be put to the sword. This @en-
tente was rigorously executed.
After the victory at Salons, Goura, accompanied by Panorios
Zervo Dimas. traversed Doris to proceed to Crania, in or to at-
tack the Turks encamped at Mount Araryathes, before* Mis-,
solor•.ghi.
PARIS. JUT.T 25.
The A ligsbrig 2ette says !--It is generally believed at Con-
stantinople that the tosses anstained by the Capitim Packs at ('ago
J*(Tro are more considerable titan was at first said. A rcoort from
Smyrna even says, that the ()reeks hare taken a corvette of 24
guns.
Meantime asmall &Cilia is among them, which is to be loaded
with ammunition ; it is destined for the Gulf of Lepanto, whither
it is to go under the convoy of a frigate. The Capitan Parha is still
at Suds. The Turks are said to -have commenced their retreat
full) Salons for want of provisions. Ibrahim Peens, on the con-
tie,. is advancing into the interior of the Mores, and is in the
morons of Calamata, while Colocotroni is said to have approached
Xavarino.

FIZYCE Ey/rm.—Pests, JULY 25.—Fire per Cents. 10:1f.
4k. ; 3 per Cents. 761. Mk.; Bank Stock. 2195 C; Neapolitan
Itentes,loof. ; Spactsh Renter. 171. Exchange on Linda]. one
month, 25f.; three months, 24f. 115e.—Ceurs Authcitique.

The private advices received from India still continue
to give cheering accounts of the progress of cur military
operations there. Sir ARCIIIBAID CAMPBELL was to quit
Rangoon, and commence his march upon Umerapoora, the
enemy's capital, on the 6th February. He was merely
detained at Rangoon until the artival of the troops to
whom it was his intention to confide the custody of
that important post in his absence. Tie Gallant General
was represented as entertaining the most sanguine ex-
pectations as to the result of his intended advance, aid
impatient once again to put the grand army in motion.
On his route into the interior he would be joined by a large
body of Siamese. We look eagerly for the next intelligence,
which may be expected to be decisive.

Under the auspices of the New Catholic Association,
the primary object of which we arc told is to promote peace
and union, an aggregate assembly of the Catholics of Wex-
ford has been held in that town. It was dignified, we be-
lieve, with the denomination of a county meeting, but it
might, with just as much propriety, have been termed a
meeting of the whole kingdom. It was, in fact, as these
assemblages usually are, a collection of as many rersons in
the immediate neighbourhood as had time and inclination
to attend it. Mr. O'CONNELL was present at the corn-
mencement of the proceedings, but he was called away to
his professional duties. Mr. Sam., who had no such rea-
son for being absent, devoted his talents, for want of ano-
ther market, to the good of his country, and having the
field for once wholly to himself, be laboured with extrava-
gant zeal to compensate, with his " superhuman talents,'
for the less the meeting sustained in the expected
display of his more profitably employed friend.
In order to promote " public peace and tranquillity,
as well as private harmony and concu:d, among all
classes of his MAJESTY'S subjects throughout Ire' an],"
and especially we suppose to cement the connexio I be-
tween
the two countries, Mr. SUEIL, who, be it r.imem-
bared, stood at the very top of the list ballotted by the
Catholics of Dublin for the formation of the new Asso-
ciation, and who may therefore be fairly presumed to enjoy
their confidence, and express their sentiments more fully
even than Mr. O'Co Nut to., who was several degrees below
him on that occasion in the estimation of their associates—
Mr. float!. began his speech at Wexford, of which we I
have elsewhere given an abstract, with one of the most
exasperating, and we had almost said seditious allusions
to what he termed "English domination," that we ever
remember to have read. All "the disasters and degrea
lion of Ireland" he ascribed to this single source of evil ;
and lest it might have been imagined that he spoke only
of (lays that are passed, we find that he concluded the first
period of his exaggerated and inflammatory address by
saying, pointing at the same time to FITZ-STEPHEN'S
Tower:—
" The policy of England is as unaltered as that barbarous hold,
and the Norman Baron who raised it on that rock eh; not lift a
more oppressive arm than the monster who sways this ill fated land
with an iron rule. The spirit of Strongbow lice', in the heart of
LivrapooL ; and the gaun•let of Fitz Stephen was not mere
heavy than the hand of PEEL."

This is undoubtedly an admirable method of taming th
passions and raisin,: the mind of a quickly excited people
above their influence and control. But Mr. SHEIL, with
the effect he was producing immediately under his eyes,
vehemently denies that he wishes to provoke a crisis.
" This," he exclaims, " is not the ebullition of a mind
fermenting with bail and foul emotions—none but the
utterly desperate can desire a convulsion, which would be
in all likelihood as unavailing as it would be bloody."
These words, however, have scarcely passed his lips when
he proceeds to apostrophise the Protestants of Ireland, and
amidst loud cheers at the end of every sentence, to pre-
dict that " the time msy come when their sons will be
a•'aughtcrcd on their throsholds, and their daughters may
I scream for help on their fathers' graves!" We really do
not untlersta:Al on what principle, or with what design,
these Irish friends of peace and tranquillity ate always
prophesying the general massacre of the Protestants, and
rendering the horrid images of these atrocities familiar to
the c ntemplation of the rude and ignorant mass of their
conntryrnen. Many a prediction has owed its accomplish-
ment entirely to the confidence with which it was origi-
nally asserted by the original impos:or, and subsequently
repeated by his dupes.

CITY. WEDNESDAY Errxmo.

There have been no trier:onions °limy consequence to-day In the
Stock Exchange. The Funds ate 4 per cent. lower, for which
there it no assignable cause.
In Shares the btsiness has been exceedingly limited.

We have received ilamburph Papers to the 23d inst.
Their contents are wholly without intcreit. The following
ere the Exchanges on London
flasuroastr,Juvr !lit two month!, 35 81.
ST. ftr.TERSIMUGH, JULY 8.-19 7.16.
Juts 10.—Three months, 6 14.
B 6 n Litt, J ut.r 16.—Three months, 6 20.
vnclixA, Jut 13.—Ttirre months, 9 37.
ilaxxix sr, JULY 19.—Two months, 591

'fhe last German papers state, that the wages of all the
42rrants attached to the Court establishment at Hanover
have been ditninith.d in proportion to their respective
ainottnt.

Extract of a letter dated Hanover, July IC.—" About
1000 heavy stone wool were brought to the wool fair
held on the 11th, 12th, and 13th. All was sold by the end
cf the 2el day, and there was such a gnat demand that 20
Unica the quantity of wool would nut have sufficed. The
prices were very goal"
We have received Lisbon Gazettrs to the 11th instant.'
Their ebntents ireof little inter.!st, as"they consist nately
of festive celebrations in honour of birth days, and other
rational anniversaries, with the exception of a notiticaton
that the King has issued an Alraia t 3 secure the better
education of surgeons in Portugal, by providing thew with
a course of study of five years' duraticu.
Thc. letters by the Lisbon packet that arrived yerterday.
are dated the 9th inst. ; but they do not contain a tingle
ilia(' of public intelligence.
Extract of a letter front Gibraltar, dated Jure fIU
Our hopes rested on a fair harvest, but we have al been
deeeired in this respect. as it ha, turned out very shot.
AO:eosin- es well as all along the eastern coast. "Yhe
con• querce is a want of labour fur working people, wh)
cahoot ern] a lubsistenoe, truth less to buy clothing."

••• . •
' TSB LOr1)0* DOCKS v.7ltE Sl'. riil7 renixE
DOCKS.
---7-'16""---
The controversy respecting the new docks at St. Katha-
rine's has been prolonged much beyond the customary
limits. If the practice in this instance were generally f 01...
lowed, it would lead to an endless series of publications on
every new undertaking. The St. Katharine Dock Bill
sustained a vigorous opposition from the London Dock
Company and the Wharfingers, in its progress through
' Parliament. This wait what might naturally have been
expected ; but when the Royal agent had crowned the
measure with success, we supposed that the new clocks
would bo left to the test of experience. We were, how-
ever, mistaken. The London Dock Company having
(failed in their opposition in Parliament, have renewed it
through the press, in the shapes: of a pamphlet. entitled,
Cautionary Observations, founded upon official do-
cuments, recommended to the serious consideration of
those who contemplate an investment of property in
New Dock Speculations." This pamphlet, it is stated,
was published under the immediate direction of the Secre-
tary to the London Dock Company, and industriously dia-
ltributcd by some of the Directors of that establishment.
! In reply to this pamphlet another has been issued bv, we ,
, believe, the Secretary of the St. Katharine Deck Com-
pany, entitled "A Refutation of tile Mistatements con-
' 1 tallied in an anonymous Pamphlet donatively circulated by
Ithe London Dock Company ; accompanied by some use-
; ful information to the proprietors of the London Docks,
!and proving conclusively that the St. Katharine Dock
Company will poasese the means of dividing 16!. 2s. 6d.
per cent.. upon investment." The Secretary of the London
Dock Company applies his arguments chiefly to prove that ,
' I the " new deck speculations" cannot be adequately pro-1
fitable to the individuals coacerued in them. Our ,
view of the subject is governed entirely by public !
; considcrat:ons ; and they seeth r ..‘cessarily decisive in I
favour of the measure. The construction of the St.
' Katharine Docks must certainly produce an increase of ac-
commodation, and as that accommodation will be nearer to .1
the City than any existing dock, it must be a great public
1 convenience. The London Dock Company evidently la-
bour under a material disadvantage in the present stage of
the argument. All the public grounds of opposition to the
new docks were discussed in Parliament, and overcome.
IThe object of the London Dock Company is now there-
fore to " convince the subscribers of the inexpediency of'
I prosecuting these immense works." With this intent, the
' I" Cautionary Observations" give a summary of the evi-
ldence before the Committee of the House of Lords on the
St. Katharine Dock's Bill, from which the following facts
, I are stated to be established :
" That, at the present time, competition, little short of ruinous,
' exists among the Wet Dock Establishments ; and which will be-
come still more active, on the expiration of the charters of the East''
' India Dock and London Dock Companies; the former in lE27;'
the latter in 1626.
"That. so far from the occasional impediments to the nseiga.
tints of the Thames (which is owing to the concourse of coifed' and
' other coasters), beingremovcd, by making another dock for ships
in the Foreign trade, se high up the River as Sr. Katharine's, those
impediments are more likely to be aggravated thereby ; even it' it
' should be found practicable to deepen the River at the e 'trances of
the New Dock, and to preserve the necessary depth (which some
scientific men pronounce to be next to impossible), to admit of the
' safe entrance and exit of vessels resorting thereto.
" That, a prominent feature in the plan. namely, that the crews
of the vessels with which the Docks will be crowded, (if the expec-
tations of the projectors should be realised), are to be allowed to
have fires on board, is, from the limited space and inconvenient
shape of the water-room, objectionable in the extreme, as the
' vessels will be subjected to great danger of being burned.
" That, the allegation the London Dock Company • strew
wines anti spirits upon the quays, exposed to all the injuries of the
weather,' to the great dissatisfaction of the trade, is so far from
the fact, that the Company have been under the necessity of solicit-
ing assistance of the Revenue Boards, in procuring an earlier re-
moval of wines and spirits from the quays, the importers finding it
their interest to keep them there as long as they can (in fine Wei.
titer), for the purpose of sale, with the view of avoiding the charge
of vault or warehouse rent ; and no instance having occurred of any
complaint to the Directors on that score.
" That, on the contrary, the Directors have, for the accommo-
dation of the trade, recently extended the period for permitting
wine and spirits to remain a certain time on the quay, to afford the,
importers an opportunity of selling them on arrival.
That the further allegation, that • shortly after the measure
of additional wet dock accommodation at St. Katharine's was agi.
I tated, the London Dock Company, from the fear of such competi-
' tion, arid as a temporary expedient to defeat the measure, lowered
their rates upon certain articles fawn 30 to 40 per cent.' is a mere
fiction, not having the slightest foundation in truth, as proved by
the written application of the Wiese and Spirit Committee, showing
the ground upon which the reduction was asked and granted.
" That the assertion that the charges of the London Dock Com.
puny have been ' exorbitant' is at variance with the fact that the
Proprietors have submitted (although the Company possess exclu-
sive privileges) to receive only 4i per cent. per annum on their ca-
pital, and although authorized by their Act of Parliament to make
much higher charges, anti to divide 10 per cent. per annum.
" That the allegation that there exists an ' exorbitant difference",
between the rates of the London and West India Dock Companies,'
whilst it is inconsistent with the winded • want of competition.' is
at the same time uncandid and unfair, it bring well known that the
West India Dock Company have been required to reduce their
charger to the present low standard, in order that a sum of,
293.9101. 2s. 7d. may be returned to the r enchants and shipowners, I
which, during the existence of that Company's exclusive privilege
of receiving West India produce, had accumulated in the hands ofl
the Directors beyond the 10 per cent. per annum which they were
allowed to appropriate as dividend among the Proprietors. (See
Report of the Select Committee on Foreign Trade, of the 3d June,
I 1823 )
i That, with regard to additional dock-room being necessary to
provide for an increase in the transit trade, arising from the addi-
tional articles allowed to be imported by the last Vl'arehousingAet,
lit appears that the only sensible effect of that Act has been, to dif-
fuse a portion of the fureigo trade of London among the numerous
out-ports to which the warehousing privileges have been extended ;
and that the notion that an additional wet-clock, a quarter of a mile
nearer to London, will have any sensible efli.ct in diverting to this
I port the transit trade, which nose centers in the ports on the Conti.
nent of Europe, has no reasonable foundation."
A number of statements, founded on official documents,
follow, the object of which is to prove that " the existing I
wet-dock establishments in the port of London are '
amply-sufficient for its shipping and trade. The Secretary
of the London Dock Company then proceeds to consider i
what advantage the proprietors of the New Docks can rea-
-1 sonably expect to possess in order, under these circum-
stances, to secure a fair annttal revenue for the outlay of
their capital. Into this part of the subject we feel less in-
clination to enter, but so much stress is laid upon it, we
give the following estimate :--
"The London Dock Company, althouglt possessing a monopoly
of the important articles of wine, brandy, tobacco, and rice, have
not beets able to secure the custom of more, upon an average of
years, than one-third of the number of ships, cud quantity of goods,
which the premises are capable of containing.
• The amount of the gross receipts of the Company, upon
I an average of the last eight years, appears to have been .C 267,094
" Had certain reductions in the !totes which have been
Mad,: in the last year, extended over those eight years,
and the amount of business remained the same, the I
gross receipts would have been less by - - . 43,095

1.223,399
" The ~nnttal charges of the Company (reclusive of ex-
penditure on new wurks) in the same period, amounted
on the average t - . 128,979
Leaving therefore - .04,4211
applicable to the payment of Dividends to the l'roprietors.
""rhe London Docks octopy a sire of 60 acres, vir. :
A. P. P.
Dock, Basin. and Docks . . 24 3 23
Quays, Roads, Wharfs, and Sheds - 14 2 31
Warehouses - 21 023

Total - 80 3 2
" The St. Katlisrine Docks are to occupy a bite of 23 serfs,
which are intended to be thus applied :
A. R. P.
Docks, Basin, and Locks . 10 3 0
Quays and Roads - . 4 I 0
Warehouses - • U U 0

Total - 23 0 0
" The extent of the premises of the St. Kit :trine Ducks being
little more than one.thittl of those of the London Docks, it will, it •
is conceived, he making due allowance for the superior advantage!
o locality, end for that improved management by which the Conner'
may In:distinguished, to assume that one-half as much btt,iness
will be perlitrmed by the new Company, as. with the aid of their
monopoly, end the advantage of locality, and in the absence of com-
petition, the London Docks have been able to secure.
La it be assumed then, that the St. Latharine Docks will be
able to realize one-half the amount of the profits of the London
' Dock Company, on an average of the last 11 years, viz. X47,20:1
And, as their business will not be cramped awl impeded
by the prejudices and rust acquired in 21) years man-
' egement on the old system, and will he con:fumed with
much greater economy and efficiency, let it further he
admitted. (for the Sake of the argument,) that their ret
1 rofl:s will be greater by 10 ,or cent. - 4,720

61,1023

titre will then rema'n
per annum, to be diviad among the Proprietors.
It must too be home in mini that the preceding estimate
IlAminies that the Merchants of London—of whom a great number
hat.. become subscribers to the St. Katharine Docks, with the ea.
r.:as view of increasing competition, and thereby lowering wha
they deem the 'no:Want chnts' of the London Dock Com-

pang--t.%11 yet be temtent to "payitedemeg rain ; :la tat dui
vast
vast addition to the Dock aecom a the Port, front die ,
construction of further Decks at the Isle of Dogs, at St. Nadia-
Tine's, and on the I.,outh side of the River ; besides a further Dock I
capable of containing 75 ships, and vault and warehouse room for ;
10,400 tons of goods. and 10,000 casks of-spirits, which are in the
course of being added to the London Docks, will in no degree tend
to diminish the business or leaser the profit of the St. Katharine
Dock Company. If, however, there be good grounds for such an
expectation, and that their Docka will be fully employed, although
the trade of port shall experience no increase—per taps diminish
—how deplorable will become the situation of all the other Dock
Com pan ies !
Either the trade of the Port most increase to an extent to afrunl
employment to all the Dock • Establishments; new and old, or they
must share Among mem the business, such as it is, if so much shall
continue.
The present trade and " exorbitant rates," et abl! the Directors
to pay the following annu:ll dividends to the respective Pro-
prietor i :
Per Cent. per An.
West India - - - - 10
East India - - 8
London - - - - 4i
Commas ial - - - - 3i
Grand Surrey - - - -
East Country none
The author of the " Cautionary Observalints" next en-
deavours to prove that the projectors of the St. Katharine
Docks have founded their calculations of profit en an ex-
pectation which, he contends, is completely erroneous,
viz. " that the new laws of trade and navigation, especially
the warehousing act, would materially extend the com-
merce of the port of London." The protnoters of the St.
Katharine Docks' Bill had shown by official accounts, that
the increase of the transit trade of Great Britain in the
year 1524, as compared with the preceding year, amounted
Ito 1,600,000;. The opponents of the bill denied that any
such effects had resulted front the new system, and they
I accordingly solicited and obtained the following return : i
i '• Return to an order of the Right Honourable the House or
Peers, dared May 11, 1825. for an acconnt of the total valtte of
all the additional articles forming the Transit Trade, allowed for
the first time to be imported by die Warehousing Act of 4 Gee.
IV. c. tl4, which have been imported into London from the period
of that Act taking effect, to the sth day of April, 1825: and the
I value of those remaining in the warehouses of the laid port.
flffizial value.
.8 a. 1. '

Imported and warehoused in the port of London,
between the Lth July 1923, and the rith January
1925, being the latest period to which the ac-
count con at present be made up - - 192 928 11 4
Exported front the warehouses
between sth July 1023, and sth
Jaguars 1825 - 122,394 11 7
Delic,reti from the warehouses
htr 11,:me Consumption in the
same period 30.0117 0 0 -

10,211 l 14 7

nemainirg in the warehouses in the port of Lon-
don, Alt January, 1325 - - 1G 9
WILLIAM IRVING.
Inspeetor-derend of Imports atd Exports.
Inspector-Generars 019.. e, Custom Louse,
London, May 14, 1025.

On this return the following remarks are ma,le:—
" Thus then it appears, that in a period of eighteen months,
when the Warehousing Act was fresh, the official rnlur of the
whole of those additional articles which were thereby allowed for
the first time to be imported, from the importation of which such
a vast accession of trade was expected, amounted to only
1'192,WD 11 4

Of which were taken into Horne

- Consumption -
Remained in the warehouses on

30,L'37 0 0

the Sili April last

39,63616 9
--- 70,143 15

Leaving . 1"_2.8941, 7
as the portion of the transit trade enjoyed by the port of London ;
or, about 80,0001. per annum. The articles composing it con-
sisted principally of cotton, woollen and iron manufactures, wine
in bottles, Dutch cheese, and playing cards.
" That the amount has been 30 small, has been ascribed to tha
rates and charges of the London Duck Company ; but those who
shall inquire of the merchants engaged in this new trade, will be
told a v ry different story ; and indeed, if further official accounts
were produced, it would be seen that Condon has had her full share
of it; and, judging from present appearances, the experience of
another twelve months will demonstrate, that those who have ex-
pected that this country would become, during a general peace, the
depot of foreign manufactures, with whirls a greet portion of the
trade of the whole world might be carried on, have been most egre-
giously mistaken."
The foregoing extracts comprise the substance of the
"Cautionary Observations." Our attention must now he
directed to the " Refutation," issued on behalf of the St.
Katharine Dock Company. In a prefatory note, the author
remarks, that " he had flattered himself that after the Bill
for constructing the St. Katharine Docks was obtained, all !
hostilities on the part of the London Dock Company would
have ceased. In that expectation he regrets he has been
disappointed. The publication of the " CautionaryVbser-
vations Obser-
vations" has rendered it expedient to give publicity to cal-
culations and statements which were intended for private
inspection only. Ile has, in no instance, taken up his pen
to address the public upon this subject, except to repel at-
tacks, which, from time to time, have been made against
the extension of the wet-dock system, sustained, as they
have been, by roistatements, garbled documents, erroneous
assumptions, and attempts at delusion ; and he thinks it
proper to add, that this publication has taken place with-
out the knowledge of the St. Katharine Deck Company,
nor has the manuscript or proof been submitted to any one
for revision. The attack which has now been retiewett
shows much indiscretion, as it will recoil up in the authors, !
by affording an opportunity of stating a few facts important
to all parties. 'I he object of such attack is unworthy of a
public body, and too obvious to require comment."
After noticing the " tender and sincere sal citude evinced
(by the London Dock Company) for the we fare of persons
who it is feared may ruin themst Ives by at invesunent in
New Docks," the " Refutation" proceeds at once to dis-
prove the statement that " the urelertaki ig of the St.
Katherine docks, upon a calculation of one one half the
extent of business conducted by the Lend t Docks, will
not yield to the proprietors snore than w. I S 6d. per cent.
CM their investment. 'Phis assertioa rests on an estimate
made by Mr. Biggs the surveyor of the Loudon Dock
Company. In order to show that this estimate " avowedly
prepared to suit a particular purpose" is highly exaggerated,
the original estimate laid before the Comn itteea of Parlia-
ment is contrasted with it. The excess of Mr. fligg's esti-
mate is 369,5651., but when the deeltut7ons are made
for his erroneous calculations, it exet e Is the estimate of the
St. Katherine Dock Company by the sum of 46,4751. The
" Refutation" proceeds thus:—
" Having thus disposed of the question of the estimates, the
nett, though nut least important, point for consideration is, the
advantage the promoters of the St. Katharine Do:ks may expect
for their investment. It is stated by the London Dock Company
that their net income during the last twelve mood's, deducting
43,6931.. the alleged amount of reduction in rate., must be taken
at only 91,4:6/.; and upon such a data, known to be. a tietion,
they desire the public to believe that the St. Katharine Dock Com-
pany, generously allowing them half the ex:ent or business trans-
acted in the London Dock, will only be a 1: to divide 21. 15s. G.
per cent. In the liras place, that statemen of income in palpably
inaccurate; if the net revenue of the bond° Doek extrpany wrs
only 94,420/., it would not yield more than 2 6-Bths per cent. upon
their capital, whereas they divide 4i per c:nt., retaining a sur-
plus in band ; that per mune giving a net incom • of not less than
162,0001. per annum. Upon their own a ateme tr, therefore, as
coupled with the fact, the St. Katherine Do ks wit, upon the esti-
mated cutley of 1,3C0M1N., derive froth hat bus nese only a divi-
dend of rear 6 per cent., and if transacting f II tin Mena a dividend
of about 12 per cent. ,• the subscribers receiu ng, ad ;ate, ha, 4 per
cent. upon their instalments—no bad specul t ion, considering that
the data upon which that estimated profit pos eats is derived from
the statement of the opponents. The cute d tion of comparative
iacotrie made by the London Dock Comp my, according to the
number of acres, is ridiculous, and affords ono lin instance of an
attemrt to delude. The St. Kathaene Docks, with a site of about
twenty-lour acres only, will, trotn the atlean•ed state of science in
engineering and architecture, and improved construction of the
buildings. be could at to afford to the public accommodation for
warehousing, boosting. and quay room, nearly equal in extent to
the London Docks. This the authors of the "Cautionary Observ-
stints" well know, and have not ventures! to deny.
" lint the following comparative statements elintrlv demonstrate
that the proposed St. Katharine I) :ks will possess thu tonne of
yielding to die pruarieturs a dividend of 161. 2. lid. per cent. upon
an outlay of 1,500,000/.. which includes a provis on for any pos.
siblc expenditure; and thus, in every respect, rea'ine the object of
the p.roniuters, by being able to afl'rd to the public a large redac-
tion in rams, cossaisretily with n very handsome return upon in.
vestment, and always resting neon the most aMid basis."
Then follow a statninent of the income and expenditure
of the London Weiss, and a comparative statement of the
St. Katharine Docks, Several pages of the pamphlet arc
next occupied in proving that the London Dock Company
did not mime their rates until they were alarmed by the
expected conipei.ition of the new Docks at St. Ka:borate's.
,The question of the transit trade thea comes Iloilo. con-
sideration ; and we c.rtabtly think that in this part of tin
!discussion. the " Refutation" ably sustains its title.'
Ott a cursory glance there appears a. singular discrepancy
b?tween the two statements as to the increase of the
trotde of the port of London, since the passing of the new
itiarebmiug Al. But it nil' be ebs:. ved, that in :he
,•

" Cautionary obzervations" the aLther speaigs only ct to
" additional articles," whiie the " Refutation" ailverts to
the whole additional quantity of all the articles. T 1/43
latter is unquestionably the proper way of considering th.t
subject :
`• Having disposed of the first branch of inquiry, we shall row Cr-.
seed to observe shortly unon the second and remaiiiiret one.
I log the considostion, as to whether the liberal policy winch neat
governs our commercial code is calcalated to diminish aticardirg
the allegation of the London Dock Company, or to improve, as is,
contended by the promote:s of the St. Kathrtnc Docks, the. Nat of
the Port of London.
.t The doeuineris r:f.:•-ett to, and the statement made lay the for:
mer body hare been so frequently and successfully contradicted,
that it is really Sireeome to repeat the refutation. In the first Soot,.
they assert that the predictions a the promoters of thirst. piattu
tine Docks, with respect to the advantages anticipated font as es.
tension 01 the warehousing system, as far as the port of London ti
concerned, have completely Whit:: that the only sensible eill•rt tt
has had, " halt been to diffuse a portion of the foreign trade 01 1,o".
don among the numerous out-posts," and they seek to sustain tfat
allegation by referring to a return made to the House of Lon!s,
showing that the value of all additional articles, (mark the disgoc,
tion), harming the transit trade up to the 1011 April. 1825, 007
amounted to 122,9381. Why confine the inquiry to additional aril,
cies? The question to be fairly stated is,— What has been thr
tcct upon the transit trade generally of the port of London, by iyo
passing of the New Warehousing bill ?
" Front the following returns, it will appear that the inerear: is
the value of that branch of trade in the port of London, last rear;
as compared with the former, was no less than one millionitwohns
dren seeenty-fivettionaand three hundred and nine pounds sterling.
An Account of the Value of the Transit Trade of the l'ori of Lon.
don. (calculated at the Official Itates,) tor the years 1823 sad
1824, ending sth January in 1824 and 1825.
Z s. d.
Years ending sth January 1824 8•191.177
1825 . 9.466.486 lu 5
Increase in 1824 over 1323 1.175,302 14 2
WILLIAM IRV /NG,
Inspector-Lieneral of Imports and Export.
Inspettor-General's Office, Custom (louse,
d
" But tirenndiotni; :31:!.-ArtleiLay IwBi2'
thsequal truth, that the effect of the
Nes, Warehousing Bill is " to diffuse a portion of the foreign Ira to
to the Out Ports." Let us are how that fact stands. The follow-
ing se...vont wia show the state of the total transit trade of Great
Britain during the years 1823 and DM.
An Account of the Value of the Transit Trades of Great Britain,
calculated at the Of trial Rates, for the years 1223 and 1824
ending sth January, 1824 and 182...
Va:ue of Foreign and Colonial Merchandise exported front

Great Britain to Foreign Ports.
t a, d.
Years ended sth January 1 1824 - 8.588.995 18 0
1825 - 10,180,598 y 2
NVI LLIA :11 IRV ING.
Inspector-General of Imports and Exports
lispeetor-General's Office, Custom House,
London. Ittli April, 1025.
From which it wall appear that the increase upon
the whole was . - X 1,599.800 11 2
Deduct thereform the increase in the port of Lon-
don, as shown in the previous document 1,275,309 14 2

Total increase Out-Ports .

-1.224,29 u 17 y

Making the increase of the transit trade in all the Oat-Ports of
Great Britain 324.Z01. whilst, in London alone, during the !Ike
period, it was 1,275,309/. IF. 2d.
An official account of the goods received from the oat-
ports, and bonded in the London Docks is then given, far
purpose of showing that instead of,the transit trade having)
diverted to the outports, exactly the reverse has taken'
place. " The truth is," the pamphlet justly observes,'
" that at the outlorts no markets exist for the sale o
goods for exportation in moderate quantities, and tha
London being t'ie general emporium, the bulk of tbe
transit trade will always centre there, from its contiguity
to the continental ports, the extent of capital of tts
merchants and facilities of reinvestment, provided always
that the rates and.charges shall be moderate." By other
returns, which are annexed, it appears that the increase i
in the imports and exports of last year, as compared with
the former, was no less in amount ian eight millions.
In the tonnage of merchant vessels which entered the port
of London in 1824 there was, compared with the previona
year, an increase of 164,526 of British tonnage, and 10'2,993
of foreign tonnage. In the number of vessels moored be-
tween London-bridge and Mill-wall, exclusive of those
which had dock accommodation, there was also a consi-
derable increase. In 1823 the number was 13,366; in
1824, 15,913._

After alluding to the crowded state of the river and the
impediments thus created to its navigation, and a some-
what severe analysis of the evidence of Mr. Longhand., the
" Refutation" concludes with the following observations:—
" The subject of the state of the trade of the port of London.
and the fact of its progressive and extraordinary increase, Mere the
behefits of the liberal principles of our commercial policy have
been enjoyed, has been gone into more with the view of exposing
the falacy of the reasoning of the London Dock Company, and the
inaccuracy of the documeotary evidence, &c. which they rely upon,
than for the purpose of showing that such increase is neccasary
the success of the St. Katherine Docks. By their own witness
Cllr. Longlands) it has been admitted, that the St. Katherina
Docks will draw away a large portion of the business from the
London Dock Company ; and the means the Si. Katherine DuA
Company will possess of affording accommodation to the p tbhe at
less rates than the Lond n Docks, will divert the rest ; at haat it
will always secure to the St. Katherine Dicke plen'y of busices.
This must be manifest to every one. The St. Kaurerine Dock
Company will be ennbled, from their comparativav small outlay,
to reduce their rates Cia per cent. and !trill yield a dlvidriod of up-
' wards of 6 per cent. to the proprietors ; theiebre, these
means, if they shall think fit at any timer° exerciee them to the full
extent, the London Locks must inevitably shut up shop, as 50 per
cent. reduction upcn their rates would leave nothing to the pre.
peietors ; the expenses of that establishment being halfof their in.
come. Whether, therefore, the trade of the port shall increase or
decline, is of nu vital importance to the St. Katherine Dock Com-
pany, us a body ; although, individually, they are deeply interested
in its success. There will always be business enough to fill their
data ; although the promoters entertain a sanguine expeetatior,
that whenever moderate rates shall be enjoined by the publ:e,
which was one of the principal objects of the proposed establish-
ment, there will be sufficient employment forall. and to conriuite
with extracts from the last paragraph of the " Cautionary Pate..
phlei," the writer hereof is of opinion, that the character and'
talents of the Directors of the London Dock Company, are such
as to enure the SUCCCM of that establishment, to which tie it7l-
- lit/lents are not, as he conscientiously believes, insurmountable.
"So desirable an object to the propriefore, cannot, however, he
attained without a radical reform, and whether he shall gain credit
for the sincerity of his declaration or not, he is prepared to state
his anxious desire to see that important national establishment
flourish, whit that feeling have most of his observations reeputiee
their management been made, we he is conscientiously convinced
that in proportion as it shall succeed, will also the means of ac-
commodation to trade increase, and thus assist in promoting the
principal object which led to the measure of the St. Katherine
Docks." _ _

Publicum bonum privato inceferendum est.
With respt.et to the success of the St. Katharine Docks.
we may add one consideration to those which their
advocate states. The charter of the East India Dock
Company will expire in about two years. The greatEr
pat. of this business, we think, will naturally find it,;
way to the New Docks, which will certainly be more con-
venient to persons in that trade than being limited to the
warehouses at Black wall.

Both these pamphlets are ably written, and the view cf
each party is supported with great talent. The weight 0:
argument is decidedly with the " Refutation." and the
author seems to have felt it so much, that he has CPCC'3•
sionally rioted in his strength. The •' Cautionary Obser-
vations" is evidently a work of more care and labour than
the " Refutation." lkfore we take our leave, we cannot
help suggesting to the author of the latter pamphlet. that
Latin quotations are really a little out of place in the dis-
cussion of the comparative merits of %Vet Docks.

On the 7th inst. Sir William Curtis was at Stockholm.
on his return from St. Petersburgb.
Sir Humpbrev Davy, Bart. is returned to his scat at
Crce.ly, nearly recovered prom his recent accident.
By an Ukase of the 12th June, the Russian Senate has
published a decree, approved by the Council of the Empire•
and sanctioned by the Emperor, exempting, all persons st-
tached to public establishments for education from having
soldiers quartered on them, and from the payment of
money instead.
Gigs CYI.•Nt WH ALE FISH E nv..—Tinfavoueab!e
intelli-
gence has been received as to the probable result of the
i Greenland Whale Fishery :—Extract of a letter from Al-
tons, dated 22.1 July :-- The accounts from Greenland
are bad. On the 91st inst., the Seadt Altons, a fine new
ship, teturned bete. She left the ice on the 9th, having
been severely damaged in endeavouring to plc'
trate through the ice. She -brings- only 800 seals, and
reports, that in the latter end tof June, es English
ships, and all the foreign ships hail only fifteen slimness
them ; the seal fishery is also bad, only one ship had a
dionsand seals—the rettsm given of the lad fishing. ts it's'
continuation of the strong N. E. winds, which bed ecca-
s'oned the strong ice to come (low ta, which could rut by
penetrated."
Harvest is now become general in the South of Do
fl:e crops are good, and the corn excctletu.•