The Sun.
London, England, 1855-04-20 00:00:00

THE NEW LOAN.

The value of £1 annuity, payable half-yearly for 1
30 years, at 4 per cent. compound interest, is 17-38.
The annuity at this price pays 5.753 per cent.
during the 30 years, consequently the income tax
is charged on 5.753 instead of £4, which is the real
income, the difference of 1153 per annum being
the amount which should be put aside and improved
to redeem the principal.*
Therefore deducting -01777, the proportion of
tax overcharged, £1 per annum becomes an an-
nuity of £48223, the value of which is 17.07.
And the value of 14s. 6d. per annum i 5............ £l2 7 6
Add 3 per cent. interest on the instalments
from 14th April to the several periods of pay-
ment .

0 18 3

£l3 5 9

And the price at which GOVOTI3IIIOIIt has sup-
plied the contractors with £lOO Consols

2100 0 0
* £1:753, improved half-yearly at 4 per cent. compound
interest, will at the end of 30 years amount to R.lOO.

IMPERIAL PARLIAMENT.

• HOUSE OF LORDS.—(THIS EVENING.)
The LOUD CEEANCELLOR took his seat on the wool-
,sack at five o'clock.
The Earl of HARRINGTON presented several peti-
tions, some praying for the closing of public houses on
Sundays, and others praying for the introduction of the
Maine Liquor Law into this country.
Lord LONDESBOROUGH presented a petition
from the guardians of the poo: of the Beverley union,
in Yorkshire, praying for an extension of powers to
guardians of the poor to enable them to afford out-door
relief.

MESSAGE FRO3I THE COMMONS.
Messengers from the Commons requested that their
lordships would give permission for the examination of
Lord Monteagle before the select committee on the re-
moval of the pnnr.
The LORD CHANCELLOR replied that an answer
would be sera by a messenger of their own.
Lord CAMPBELL gave notice that he should on a
future occasion ask a question of the Commander-in-
Chief with ref:rence to the rule of military di?cipline
which precluded e•oldiers from being present in an assize
town during the time of the sitting of the judges. He
saw no good reason why their presence on su:l
occasions should be prohibited. He had been
frequently applied to when presiding at assizes for per-
mission to allow soldiers to appear in town during the
sitting of the court, and he had invariably given per-
mission, and even admitted them into court, and he
always found them amongst the best behaved of the
audience.
The LORD CHANCELLOR entirely concurred
in the observations of the noble and learned lord. When
he was on circuit on one occasion the military attended
the court, and a more orderly or attentive audience he
never witnessed.
THE CONVENTION WITH SARDINIA BILL.
Lord WODEROUSE said, in the absence of the
noble earl the Secretary for Foreign Affairs, he begged
to move the second reading of this bill.
The bill was read a second time.
Their lordships then adjourned.

HOUSE OF COMMONS.—(THIS EVENING.)
The house met at 4 o'clock.
THIRD READINGS.
The following bills were read a third time and passed :
Bangor Markets and Public Institutions ; Belfast and
County Down Railway ; Colchester Stour Valley. Sud-
bury, and Halstead Railway ; Grand Junction Water ;
Great Northern Railway (Increase of Capital) ; Lan-
caster Water and Gas ; South Wales Mineral Railway ;
Southwark and Vauxhall Water ; Vale of Neath Rail-
way ; Woolwich Equitable Gas.
The following bills were ordered to be considered :
Jedburgh Railway ; Llynvi Valley and Bridgend Rail-
ways; Newcastle-under-Lyme Gas; Oldham Gas and
Water.
The following bills were read a second time :—Eng-
land and Ireland Improved Communication ; Liverpool
Port ; New River Company and Trustees of the River
Lee ; Southampton Paving Trust Saint Pancras.
PETITIONS.
Petitions were presented—by Mr. MUNTZ, from Bir-
mingham, praying that the Nuisance Bill may not be
allowed to pass, till a clause was introduced to prevent
any one carrying on a trade that was considered a nui-
sanca to discontinue such trade, until it was proved to
be a nuisance ; by Mr. M. GIBSON, from the proprietor
of the Manchester Examine)., praying that the News-
paper Stamp Bill be pawed ; also a petition from
46,000 inhabitants of Manchester, praying for the re-
peal of the Beer Bill ; by Mr. Grim:mm.43, from Oxford,
in favour of No. 1 bill, relating to Stamp Duties.
FRENCH INDEMNITY FUND.
Mr. BOWYER asked the Secretary to the Treasury
whether the suns of 23,7071. 104. 10,1., which, by cer-
tain Parliamentary returns, was stated to have been paid
to Monsieur Ladebat, a French subject, out of the
" French Indemnity Fund," hal ever, and when, been
returned to that fund ; and, if so, whether her Majesty's
Government bad any objection to lay upon the table of
the house a return showing the application thereof?
Mr. WILSON said the sum alluded to was never re
paid.

FOREIGN HOPS.
Mr.FULLER asked the Chancellor of the Exchequer
whether his attention had been called to a great imposi-
tion now going on in packing foreign hops in English
pockets ; whether the Commissioners of the Inland Re-
venue had had their attention called to it ; and whether
any proceedings were to he taken against the parties who
had perpetrated this fraud'-
The CHANCELLOR of the EXCHEQUER replied,
the practice alluded to had not been carried to any
great extent, and the attention of the excise authorities
had been called to it.
THE SIEGE OF SEBASTOPOL.
Mr. KUNTZ asked the Government it it was true,
as stated in the papers, that orders had been given to
spare the town of Sebastopol ?
Lord PALMERSTON replied that no orders had
been given except to take the town of Sebastopol as
speedily as possible. (Laughter.)
In reply to Mr. H. BAILLIE,
Mr. MONSELL said the mortar fusees sent out to
Sebastopol were not in a satisfactory state at first, but
Col. Ward states that he has discovered a new mode of
cutting them, and they now answer well.

RELIGIOUS EQUALITY IN AUSTRALIA.
Mr. DUFFY rose to ask the Under Secretary for the
Colonies whether her Majesty's Governmenthad directed
any departure to be made from the system of religious
equality which had hitherto been established in the co-
lonies of Australia : And whether the Royal assent had
been withheld from a bill which passed the Legislative
Council of Victoria in November last, entitled "An act to
enable the Bishops, Clergy, and Laity of the United
Church of England and Ireland, in Victoria, to provide
for the regulation of the affairs of the said Church I"
The hon. member then proceeded to enter into a state-
ment of the question when
Mr. GLADSTONE rose to order.
The SPEAKER said the hon. gentleman was clearly
out of order.
Mr. DUFFY then said he should content himself
with simply putting the question now.
Mr. BALL said he Wa3 not aware that any such de-
parture hal been made, and with regard to the bill
elluded to he had not yet seen it.
LORD DUNDONA.LD'S PLAN.

In reply to Captain SCOBELL,
Lord PALMERSTON said that a plan had been
submitted to the Government for shortening the time of
attacks on fortresses ; professional men had given it. as
their opinion that great difficulties lay in the way of
carrying out that plan, but at present ho could not enter
into the details.
THE BUDGET.

The CHANCELLOR of the EXCHEQUER then I ;
rose for the purpose of making his fina,.scial statement.
He began by apologising for having postponed the 1
budget until the present time, and explained the reasons
of the Government for having done so. He went on to
refer to the revenue of the past year, as left by his prede.
cessor (Ir. Gladstone.) lie congratulated his right
honourablea friend on the nicety with which he
made his estimate for the year just ex-
viredsum acttualle estimate being 59,496,00 a, and the
He would nett
had been 59,496,100/. (Laughter.)
for the ensuixnt proceed to the estimate of expenditure
penditure for lf,t,y,eZr' He might unit state that the ex-
-1854— the last ymerancial year ending the Ist of April,
the expenditure
65,103,9621. The estimate year
for°fthtel,'e peace was 51,108,0001., and
just expired had been
the present year might be
made
setawih a tolerably eb,for
otatProach to the truth, illag-
ethnallitary
much
been voted. First of all, on estimates had
on the pre-
ceeoCusasovenisnoglidated Fund
would arise 27,0741., which was Beounfu"ed debt there
vious year. The other charges on the
were also somewhat reduced in
numerous transfers made last session, of the
amount only to 1,750,0001. The charge for the
would
army, which had been already voted, was 1{3,211000/'a
for the navy 16,653,000/., and ordnance 7,808,0001., bli,
he proposed to take a vote of credit in aid of the military
service of the year, amounting to three millions'
making a total of 50,175,00 C/., and he further in-
cluded the estimates of two instalments on the
Sardinian loan, which he took at one million,
enabling him thus to estimate the whole with tolerable
accuracy at 80,899,561/. He begged, however, to state
that the charge on the Funded Debt included additional
expense for the interest on the loan contracted that day,
and
which now awaited the confirmation of tha house. The
house might, perhap,,,
imagine that SO reillionS would
be far too high for the requirements of the year, but
they :moat not be t,-
-- lauguine ou this point,