The Sun.
London, England, 1855-12-15 00:00:00

THE SUN, LONDON, SATURDAY EVEN-INCA, DECEMBER 15, 1855.

system ? Is there a merchant or a tradesman in
London who would admit that our paper money.
performs no part in the operations of our immense
home and foreign trade ? The man who would
make such an assertion amidst an assemblage of
merchants would be put down as an arrant
blockhead, and very justly so.
" Changes in our currency laws, or fluctuations
in the amount of our paper issues, can neither in-
crease nor diminish the amount of capital," says
" Mercator but he admits that they may exer-
cise some slight influence over its distribution.
This is the very thing that is wanted. No one
complains that hands have ceased to - work, that
human skill has ceased to devise and produce all
the varieties of wealth of which it is capable. It
is the absence of this distributive power to which
" Mercator" refers that is the cause of complaint.
It is the ciroulatiug medium of a country that is
the great distributor of wealth, and when that is
withheld by an absurd law, even abundance is
changed into scarcity, and the people languish in
the midst of superfluity.
_ _

" Mercator" tells us that the Act of 1844 affords
" a new protection against irregular and illegiti-
mate issues, and a new security for the conver-
tibility of the note." In every time of danger the
act has been unable to afford the slightest security.
In 1847 another lingering day on the part of the
Government would have placed the bank-notes in
a position of inconvertibility.
" Mercator" then advancet another point equally
infelicitous in its application. He says that
as all the fluctuations in the amount of notes
issued beyond 14,000,0001. must have direct refer-
ence to corresponding fluctuations in the amount
of gold, by this means " a fixed connection is esta-
blished in the amount and value between the paper
promise to pay in gold and the material power to
do so."

We do not hesitate to repeat that this is one of
the weakest facts in the theory propounded with
so much confidence. The Bank has never, in a
single year, been able to maintain an invariable
relation between its promises to pay and its " ma-
terial power to do so." What was the fact in 1847?
In that year its material power to cash its notes in
circulation fell as low as 33 per cent. In 1852 it
held more gold than it issued in promises to pay.
But what is the fact at this moment ? The circu-
lation by the last retu;•ns stood at about 19,000,0001.,
while the gold was about 10,580,0001., or about 55
per cent. But as this gold belongs equally to the
depositors as well as the holders of bank-notes, the
proportion is reduced to 30 per cent.
" Mercator" admits that " if a country increases
in population, in wealth, in enterprise, and
activity, more circulating medium will probably be
required to conduct its extended transactions."
We have never contended for anything beyond
this in the principle of issuing paper money. We
look upon the increased issues of a paper circula-
tion as a consequence, and not as the cause of ex-
tended commercial transactions.

The entire weight of the charge brought against
the system of fixed issues, or issues fluctuating as
gold fluctuates, is based upon this principle. If we
are to admit that gold alone constitutes the true
and only sure basis for issuing notes, then ought
every banker to be prohibited from issuing a single
note for which he does not hold gold in reserve.
But commerce repudiates such a theory as in-
compatible with her increasing power. We
quite agree with " Mercator," that " the extent to
which the circulation should be increased is a very
delicate and difficult question to decide," and we
quite agree with him in thinking that it can only
be safely entrusted to the community at large,
acting in free and unrestricted competition.
At the next inquiry into our money laws only
grant the country this request, and we will ven-
ture to predict that it will remain abundantly
satisfied.

(Prom, the Times)
Under the name of "Mercator" a high financial
authority has taken the trouble to state a few
simple truths on the currency. It has been com-
plained that we do not treat the matter gravely
enough, so we are glad to have the doctrine laid
down with a gravity of the most inoffensive and
is reproachable kind. The commerce of a country is
carried on, says " Mercator," not by its paper
money or its circulation, but by means of its capi-
tal. When that capital is abundant, the money
which forms a part of it, and the paper which re-
presents them both, will be abundant also. Any
attempt to increase the quantity of paper in circu-
lation without just regard to the capital which it
represents is sure to be followed by an aggravated
pressure. In this respect there is no real difference
between the case of an individual trader and that
of the whole commercial community. A man
may, indeed, under fortunate circumstances, in a
time of great speculation, general credulity, and
little canvassing of character, obtain credit beyond
his means, get his bills into circulation, and, by
a union of dexterity and good luck, actually come
out with success. But this is only a case of
fortunate rashness, not to say dishonesty. The
great majority of such instances end in disap-
pointment and exposure. In the case of the whole
nation any excess of this sort invariably works
itself out to its legitimate results. It is a false
and dishonest process, and it ends in failure and
disgrace. So long as the paper—which must, of
course, be of a representative and promissory cha-
racter—represents the true amount of the existing
canital, and can faithfully redeem its promises, all
will be right ; but as soon as it fails to do this then
immediately ensues a discovery of the imposture,
and a greater degree of suspicion, fear, and pres-
sure than before. If the circulation of a country
is below the requirements of its capital and trade,
it is in the power of every individual possessed of
capital to supply the want as far as he is concerned.
Gold is always flowing, by the inevitable laws of
trade, to those places where it is dearest—that is,
most in demand • and wherever it is, there also it
may be represented by paper.
The idea that the pressure at this moment felt
in this country arises from the, operation of the
act of 1844 is obviously disproved by the fact that
' the pressure is not confined to this country. It
exists equally at all the great seats of commerce—
at Hamburg, at Paris, at New York. It has led
to the sudden suspension of specie payments in
Russia. Probably there is no part of the world
where it is not felt quite as much as here. The
causes are only too obvious. Capital has been
withdrawn from trade to an investment of a very
different, a very unprofitable, very destructive
kind. When a million of money has been em-
ployed in the production of food or clothing, or
any other article in general request, not only does
it remain, but it is augmented, and the owners, or
they who represent the owners, are richer than
they were before. They can obtain gold for
their material wealth, and represent that gold
by paper. But when that sum of money, or
rather money's worth, has been employed in the
clothing, feeding, and conveyance of soldiers, in
ordnance, in ships of war, in the destruction of
human lives, fortresses, ships, and food, then no-
thing remains unless it be a triumph of some moral
and political consequence, but bearing only indi-
rectly on the physical welfare of nations, and en-
tirely incapable of being exchanged for gold or
represented by paper. Every man, as well as every
State, may spend his money productively or un-
productively. He does the former when he engages
in trade with prudence and success, or whess7he
lends his money to others who pay him for the use
of it. He does the latter when he plunges into an
extravagant style of living ; when he takes to
castle building ; when-he rushes into a law suit on
a point of honour ;, when he embarks in a bad
speculation, or trusta lais money to foolish or fraudu-
lent projectors. When he has done this, he finds
after a time that his money is gone, and he can
give no account of it. No signing of documents,
no tendering of papers, no issue of notes will redeem
from the gulf what is irrevocably gone as far as he
is concerned. That is precisely the case of the na-
tion. We have spent a hundred millions of money
on a necessary, but to all material purposes, most
unprofitable war. Our honour survives, but we
have lost that much capital. Every man in the na-
tion shares and feels the loss. That is the principal
which,slcsoawrceevlyer,leseextfeorridoes
cause of the pressure ;
beyond us, and touches with
kept
he owuhtoloef tolfi e wGaerr..
States that have carefully
Austria, Prussia, and. t
many, though politically clear,arecomsmhaerre-
cially embroiled. Even the United States
with us the consequences of a war with which they
avow but little sympathy. The destruction of so
vast a mass of capital is a fearful deduction from
the capital of the world,—that capital which is the
real means and only sound basis of commercial
undertakings, and, we must add, of a paper cirou-

Undoubtedly matters would be much more com-
fortable, not only for manufacturers and merchants,
but for everybody else, if there were more money
io the country ; that is, if there were either more
gold, or more of those things which other nations
will readily and constantly take for their gold.
But a large issue of paper would not put us into
this state. The paper once put into circulation
would soon return to the Bank, and would be em-
ployed in draining from that establishment all its
gold, to the uttermost sovereign, for the payment
of those commodities which our fictitious and mo-
mentary wealth had induced us to order from
abroad. The gentlemen who place the panacea for
our distresses in a very expanded and elastic circu-
lation would not keep their bank notes in their safes,
or at their bankers ; they would pass their notes as
quickly and as widely as they cpornolede.B3Biust
imaginectlionecslluigsilivte-
tis the
et
notes, it is not "legalae
as taiantstte
itsn p
reality.
0 a
tto
ty .

tender," it is not any form of circulation, that these
people really want ; it is accommodation; it is credit.
They want to have their bills promptly and easily
discounted. This is not a matter of circulation,
except so far as that they have a vague idea they
would get more credit, and more would be doing
generally, if there were more money about of one
sort or another. The monetary circulation is very
much conceived after the idea of the blood that
flows in our veins, and it is assumed that when
there is plenty of it, and it runs freely, there must
be health and strength. But they who think and
talk in this way forget the purely representative
character of all paper money. It will come back
soon or late, just as the venous blood returns home
through the arteries. When there is abundance of
capital here and elsewhere ; when there is a certain
demand for the produce of our soil or our labour ;
when there is plenty of those things that we want
in return, either for enjoyment or to supply our
workshops and mills, then and then only can there
be an abundant, and also a healthy circulation. It
springs spontaneously out of such a state as we
have described. It cannot be forced upon the
people. The quantity of it is regulated by the
wants of trade, and all that is above the demands
of trade comes back quick to the issuer, and adds
to the pressure. All this is so obvious from the
financial history of the last few years, not to go
further back, that it seems almost needless and
ridiculous to have to state it over again. However,
as " Mercator" has been at the pains to state the
case for the benefit of these sages, we could not do
less than call attention to his letter.

From the London Gazette of Last Night.

FOREIGN OFFICE, DEC. I.

The Queen has been graciously pleased to appoint Wil-
liam Miller, Esq., now her Majesty's Consul-General is
the Sandwich Islands, and other islands in the Pacific
Ocean, to be her Majesty's Commissioner and Consul-Ge-
neral in the Sandwich Islands and their dependencies.
FOREIGN OFFICE, DEC. 14.
The Queen has been pleased to approve of Mr. J. E.
Caraher as Tice-Consul at Dundalk for the Grand Duke
of liecklenburgh-Schwerin.
DOWNING•STREET, DEC. 12.
The Queen has been pleased to appoint John Salmon,
Esq., to be President of the Legislative Council of the
Island of Jamaica; Henry Cloete, 'Esq., to be a Puisne
Judge of the Supreme Court of the Colony of the Cape of
Good Hope ; and Capt?in Henry Charles Bird, to be a
member of the Legislative Council of the Island of Ceylon,
during the temporary absence of John Armitage, Esq.

CROWN OFFICE, DEC. 14.
MEMBER RETURNED TO SERE IN THE PRESENT
PARLIAMENT.
Borough of Armagh—Joseph Walter McGeough Bond,
of the Argory, in the county of Armagh, Esq., in the
room of Ross Stephenson Moore, Esq., deceased.
BOARD OF TRADE, WHITEHALL, DEO. 14.
The Right Honourable the Lords of the Committee of
Privy Council for Trade and Plantations have received,
through the Secretary of State for Foreign Affairs, a copy
of a despatch from her Majesty's Charge d'Affaires in Mo-
rocco, stating that the exportation of olive oil will be per-
mitted for another year, dating from the 19th October last.

BOARD OF TRADE, WHITEHALL, DEI. 14.
The Right Honourable the Lords of the Committee of
Privy Council for Trade and Plantations have received,
through the Secretary of State for Foreign Affairs, a copy
of a despatch from her Majesty's Plenipotentiary in
China, enclosing a copy of the Hong Kong Gazette, of the
6th of October last, containing the following notification
of a decree respecting the exportation of rice and paddy
from certain ports in the Philippine Islands :
It has been officially announced to his Excellency, Sir
John Bowring, that by a decree, dated Manila, 29th Au-
gust, 1855, the exportation of rice and paddy from the
Philippines is permitted on the following conditions :
Ist. That the exportation of rice and paddy be placed
under no restrictions and formalities other than those
which apply to articles to which the trade is free.
2d. That the exportation of rice and paddy be allowed in.
the ports of Melilla, Sual, Currimae, Salomague, San Mi-
guel, Iloilo, Capiz, and Antigue.
3d. That no licence be required from the Supreme Go-
vernment, but that permissions be given by the adminis-
trators of the customs, where custom-houses are estab-
lished, and by the Governors of provinces where there are
no custom-houses.

4th. That the exportation for foreign parts shall cease,
if in any week the price shall continue during four con-
secutive days above eighteen reale, in the Manila, and
above fourteen in the provincial markets; but it shall be
free when for four consecutive days in a week, the price
shall fall below these limits: _ _

sth. It is ordered, that a return of prices be made by
the respective authorities on every Saturday evening.
6th. That on the last day of every month, a return of
the quantities of 3 ice exported, and particulars of expor-
tation be made to the supreme authorities.
7th. That an official return of the prices of all articles
of export be made monthly to the Military and Finance
Intendants.

Bth. That the prices which are to regulate the exports..
tion of paddy are 9 (nine) reals in the Manila, and I
(seven) in the provincial markets.

METROPOLIS LOCAL MANAGEMENT ACT.

Whereas it is provided by the Metropolis Local Manage-
ment Act, 18 and 19 Vict., c. 120, s. 49, that " The mem-
bers first elected of the Metropolitan Board of Works shall
meet at such time and place as one of her Majesty's Prin-
cipal Secretaries of State, shall, by notice in the London
Gazette, appoint i❑ this behalf :" now I, the Right Hon.
Sir George Grey, Baronet, one of her Majesty's Principal
Secretaries of State, do, by this notice in the London
Gazette, appoint that the said members first elected of the
Metropolitan Board of Works shall meet on Wednesday,
the nineteenth day of this present month of December, at
eleven o'clock in the forenoon, at Burlington House, Pic-
cadilly.
Given under my hand, at Whitehall, the thirteenth day
of December, one thousand eight hundred and fifty-
five.

G. GREY.

BOARD OF TRADE, WHITEHALL, DEO. 13.

The Eight Honourable the Lords of the Committee of
Privy Council for Trade and Plantations have received a
despatch from her Majesty's Consul, at Rotterdam, en-
closing a translation of a Notice to Mariners, issued by the
Netherland Minister of Marine, relative to a vessel sunk
in the Goereo Channel, of which the subjoined is a
copy :
No. 6.

(Copy.)
British Consulate, Rotterdam,
6th December, 1855.
Sir,—l beg to hand you the translation of a Notice to
Mariners issued by the Netherland Minister of Marine,
and published in the Netherland Staats Courant, of 4th
December, 1855, No. 287, relative to a vessel sunk in the
Goeree Channel.

I have, kc.,
(Signed) ' JAS. H. TURING.
To the Secretary of the Board of Trade.
(Copy.)
NOTICE TO MARINERS.

The Minister of Marine hereby gives notice, that in the
middle of the navigable channel of Goeree, at a cable's
length distance to the south of the black buoy No. 6, a
brig has sunk in a depth of 3i fathoms at ordinary low
water, the masts of which are still visible, and that the
needful measures have been taken should the masts come
out of the ship, to indicate the spot of danger by a wreck
buoy, painted in black and white checks.
Its bearings and soundings are three times the thickness
of the steeple of Goereede to the east of the foot of the
high sandhill, or exactly between the third and fourth
dykes, the third dwelling-house within the Dirkland Sas,
in the Goeree Harbour.

In soundings, Goederceds, 5.W.41V., by unadjusted
compass.
The Hague, the 3d of December, 1855.
For the Minister aforesaid.

The Secretary-General,
MULLER,

WAR-OFFICE, DEC. 14.

Royal Regiment of Horse Guards—Cornet William
Baillie to be Lieutenant, by purchase, vice G. P. C. A.
Lord Stanhope, who retires.
7th Light Dragoons—Cornet Richard Newsham Peddar,
from the 16th Light Dragoons, to be Cornet, without pur-
chase, vice Hale, promoted.
triaEiiggndhl:wttYbDpilyrara:Pallrkeehra steo'
cons—Richard
9th Light Dragoons--Captain Anthony Molloy Fawcett,
from the sth Foot,ooto:sb_e_LCieauptteaninan,
tv
jiceamTesroßwoeyrd,
isiwihusoerexto-
bvei c e
Lieutenant,ff inxm a
n'
changes.
g bwyh who
purchase, retires
be
Cornet
vice Miller.
tolb6ethCLorni et, by purchase, vice Janie, P. W. Gwynne
Holford, who has retired.
3d Regiment of Foot—Ensign F. Morley to be Lieute-
nant, without purchase, vice Hyndman, deceased ; Ensign
L. E. Lewis to be Lieutenant, without purchase, vice
Morley, whose promotion, without purchase, on the 9th
November, has been cancelled ; Ensign A. B. Letts to be
Lieutenant, without purchase, vice Lewis, whose promo-
tion, without purchase, on 16th November has been can-
celled ; Albert Peachey, Gent , to be Ensign, without
purchase, vice Letts.
nsign W. A. Nash, to be Lieutenant, with-
Richard Boyce, Gent., to be Ensign, without
purchase, vice Nash.
10th 4t
tphu Fr
coho at se f
10th Foot—Acting Assistant-Surgeon Thomas John
Tucker to ba Assistant-Surgeon.
17th Foot—Lieutenant S. H. Dyer to be Captain, with-
out purchase, vice Brevet-Major W. A. Armstrong, whose
übnridveertthrseußya
rank has
been converted into Substantive rank
Warrant of 6th October, 1854 ; Ensign
G. D. Webber to be Lieutenant without purchase' vice
Dyer ; Lieutenant Isaac Colhoun, from the Donegal Mili-
tia, to be Ensign without purchase, vice Webber.
23d Foot—Acting Assistant-Surgeon Chas. Frederick
Morris to be Assistant-Surgeon.
25th Foot—Staff-Surgeon of the Second Class Jonas K.
vice M`Gregor, promoted on
Carr, M.D., to be Surgeon,

the Staff.
nartermaster Henry A. Berry to be Pay-
_ _
vice Benson ; Serjeant-Alajor Thos. Lumsden to
be Quartermaster, vice Berry,
ma2sBttehr,Foot—C2
appointed Paymaster.
29th Foot—Ensign F. S. Beim-sail to be Lieutenant,
without purchase, vice Simmons, deceased ; Ensign W.
Winn, from the 76th Foot, to be Ensign, without pur-
chase, vice Eckersall, promoted.
39th Foot—Ensign John Sharpies to be Lieutenant, by
purchase, vice De Robeck, promoted.
40th (Foot--Lieut. William O'Hara to be Captain, by
purchase, vice Brodhurst, vilh'ise promotion, by purchase,
on the 25th May, has been cancelled.
42d Foot—Ensign W. T. Fraser to be Lieutenant, by
purchase, vice Sir P. A. Halkett, promoted.
43d Foot—Ensign Harry Gorton to be Lieutenant, by
purchase, vice Dick, who retires.
50th Foot—Captain F. C. Trower, from the 9th Light
Dragoons, to be Captain, vice Fawcett, who exchanges.
56th Foot--Himilton Finlay, EN., to be Paymaster,
vice Lawson.

60th Foot—Lieut. C. D. C. Ellis to be Captain, by pur-
chase vice Salmon, who retires ; Ensign Frank Sadlier
Brereton, from the North Gloucester Militia, to be En-
sign, without purchase, vice Parr, appointed to the Rifle
Brigade.
62d Foot—Ensign A. G. Keen to be Lieutenant, by pur-
chase, vice Templejnan, who has retired.
64th Foot—Ensign F. Du Bois Lulds, from the 26th
Foot, to be Lieutenant, by purchase, vice Twemlow, pro-
moted in the 7th Foot.
71st Foot—Captain Wm. Hope to be Major, without
purchase, vice- Hunter, deceased ; Lieut. Otway Wemyss
to be Captain, without purchase, vice Hope ; Ensign Robt.
Lewis to be Lieutenant, without purchase, vice Wemyss ;
Ensign F. H. A. Hamilton to, be Lieutenant, without pur-
chase, vice Lewis, whose promotion withput purchase, on
16th Nov., has been cancelled ; Ensign Francis Fawkes,
from the Stirlingshire Militia, to be Ensign, without pur-
chase, vice Hamilton.
72d Foot—Matthew John Baillie, Gent, to be Ensign,
without purchase.
76th Foot—Lieutenant Frederick Grant, from the Done-
gal Militia, to be Ensign, without purchase, vice Winn,
appointed to the 29th Foot.
81st Foot—Acting Assistant-Surgeon Herman Bicknell
to be Assistant Surgeon.
8 id Foot—Assistant-Surgeon Charles Frederick Stephen-
son, M.D., from the 81st Foot, to be Surgeon, vice Clark,
deceased.
84th Foot—Ensign A. Gibaut to be Lieutenant, without
purchase, vice Brackenbury, deceased.
88th Foot—Ensign Rowley Miller to be Lieutenant, by
purchase, vice Hamilton, promoted.
91st Foot—Captain W. T. L. Patterson to be Major, by
purchase, vice Brevet-Lieutenant-Colonel Scott, who re-
tires ; Lieutenant T. T. Lane to be Captain, by purchase,
vice Patterson ; Ensign J. E. Burton to be Lieutenant, by
purchase, vice Lane.
92d Foot—Ensign John Crosland Hay to be Lieutenant,
by purchase, vice Hon. A. Annesley, appointed to the
Grenadier Guards.
95th Foot—Lieutenant William Braybrooke to be Cap-
tain, without purchase, vice Dymock killed in action ; En-
sign H. G. Paske to be Lieutenant, without purchase, vice
Braybrooke ; Ensign Joseph Gabbett to be Lieutenant by
parchaze, vice Paske, whose promotion, by purchase, on
Nov. 9, has been cancelled. .
97th Foot—The Christian names of Quartermaster
Woodruffe are William John, and not Robert, as previously
stated.

Rifle Brigade—Ensign T. R. Parr, from th 3 60th Foot,
to be Ewitgo, without purchase, vice Johnson, promoted.

Ist West India Regiment—Augustus Sullivan, Gent.,
to be Ensign, without purchase, vice Edmunds, promoted.
2d West India Regiment—George Hayter Macaulay,
Gent., to be Ensign, by purchase, in succession to Lieu-
tenant Carter, who retires ; Martin Lyncb, Gent., to De
Ensign, without purchase, vice Arbuckle, promoted in the
39th Foot.

3d West India Regiment—George O'Connell, Gent., to
bo Ensign, without purchase.
Cape Mounted Riflemen—Lieutenant R. L. Thurslay to
be Captain, by purchase, vice Brantley, who retires.
Royal Canadian Rifle Regiment—Captain George Seton
to be Major, by purchase, vice Holmes, who retires ' • Lieu-
tenant A. P. Kerr to be Captain, by purchase, vice Seton ;
Ensign W. F. Marson to be Lieutenant, by purchase, vice
Kerr.

LAND TRANSPORT CORPS.—The commission of Serjeant
Joseph Harris, appointed Quartermaster of Brigade, to be
dated 19th August, 1855, instead of 7th September, 1855,
as previously stated.
BRITISH Swiss LEGION.—The second Christian name of
Surgeon Oschwald, of the 2d Regiment, is Martin.
BRITISH ITALIAN LEGlON.—Staff—Lieut.-Colonel W.
L. Grant, King's Own Light Infantry Militia, to be Lieu-
tenant-Colonel; Captain Thomas Barrington, King's Own
Light Infantry Militia, to be Captain. Ist Regiment--il
Coutts Lindsay, Bart., to be Major Commandant.
PROVISIONAL DEPOT BATTALlON.—Paymaster Stephen
Lawson, from the 56th Foot, to be Paymaster; Quarter.
master Thomas Moore, from the 88th Foot, to be Assist-
ant-Quartermaster.
UNATTACHED.—Brevet-Major William A. Armstrong,
of the 17th Foot, to have his Brevet Rank converted into
Substantive Rank, under the Royal Warrant of 6th Oc-
tober, 1854. _ _ _

HOSPITAL STAFF.—Surgeon James M`Gregor, from the
25th Foot, to be Staff• Surgeon of the First Class; Assist-
ant-Surgeon John Andrew Woolfryes, from the 10th Foot,
to be Staff-Surgeon of the Second Class. To be Assistant-
Surgeons Assistant-Surgeon Michael Charles Tonnero,
from the Depot Battalion at Fermoy, vice Hales, appointed
to the 7th Foot ; Assistant-Surgeon David Woods, from
the 23d Foot, vice Jackson, appointed to the 13th Foot.
The promotions of Surgeon John Charles Cameron, M.D.,
from the 37th Foot, to be Staff-Surgeon of the First Class,
and of Assistant-Surgeon James William Fleming, to the
Surgeoncy of the 37th Foot, as stated in the Gazette of
20th July, 1855, have been cancelled.
Brevet—Colonel Sir John Gaspard Le Marchant, com-
manding the troops in Nova Scotia and New Brunswick,
to have the local rank of Major-General while so employed.
Erratum in the supplement, of the 27th Nov., to the
London Gazette—For " I was also ably supported by Bre-
vet-Major Best," read Brevet-Major Bent.
COMMISSIONS SIGNED BY LORD-LIEUTENANTS.

Worcestershire Regiment of Militia—Neville Smith and
William Tibbs, Gents., to be Ensigns.
2d Regiment of the Duke of Lancaster's Own Militia—
Astley Jephson, Gent., to be Ensign.
3d Regiment of the Duke of Lancaster's Own Militia—
Ensign Peyton Sheals to be Lieutenant, vice Patten, ap-
pointed to the Ist Life Guards ; Ensign Thomas Conry
Knox to be Lieutenant, vice Walker, resigned.
Royal North Gloucester Regiment of Militia—Lieute-
nant William Brookes to be Captain, vice Hopton, de-
ceased ; Ensign Andrew Pepys Cockerell to be Lieute-
nant, vice Brookes, promoted ; John Averley Lathbury to
be Ensign, vice Cockerell, promoted.

2d Sonierset Regiment of Nlilitia—Richard Marker,
Gent., to be Ensign, vice Clarke, resigned.
let or Western Regiment of Norfolk Militia—Frederick
Foster Tegart, Gent., to be Ensign.
West York Rifle Regiment of Militia—Lieutenant
Thomas Pollock to be Captain, vice Whitehead, resigned ;
Nathaniel Edward Bruce Kindersley, Gent., from' the
Madras Infantry, to bo Lieutenant, vice Pollock, pro-
moted ; Fitzhugh Bathurst Henderson, Gent., to bo En-
sign.
2d Regiment (Light Infantry) of West York Militia—
Lieutenant Wm. Hall Wilkinson to be Captain, vice
Holdsworth, resigned ; Ensign John George Lloyd to be
Lieutenant.

3d Regiment (Light Infantry) of West York Militia—
John Cadman, Gent., to be Ensign.
4th Regiment of -est York Militia—Henry Williams
Pemberton, Esq., to be Captain, vice Chamberlain, re-
signed.
sth Regiment of West York Militia—Godfrey Edward
Allister Radcliffe, Gent., to be Lieutenant.
4th Regiment of West York Militia—Edward Taw,
Gent., to be Ensign.
[The following appointment is substituted for that which
appeared in the Gazette of Friday the 30th of Novem-
ber last.]
6th Regiment of West York Militia—John Stansfeld,
Gent., to be Ensign.

BANKRUPTCY ANNULLED.
Robert Peare Stephens, shipowner, Liverpool.
BANKRUPTS.
Robert Blore, picture dealer, Great Russell-street,
Bloomsbury, to surrender Dec. 27, at eleven, and Jan. 31,
at twelve, at the Court of Bankruptcy. Bell, official as-
signee, Coleman-street-buildings ; Blytb, St. Swithin's-
lane.

Samuel Proby Ekin, soda water manufacturer, Godman-
chaster, Huntingdon Dec. 21, at 11, and Jan. 22, at 12,
at the Court of Bankruptcy. Lee, official assignee, Alder-
manbury ; Sewell, Fox, and Sewell, Old Broad-street ;
Hunnyhun, Huntingdon.
William Insull, stationer, Dudley, Dec. 2G and Jan.
16, at half-past ten, at the Birmingham District Court.
Whitmore official assignee, Birmingham; Lowe, Dudley;
Wright, Birmingham.
William Wathen, upholsterer, Hereford, Dec. 29 and
Jan. 19, at eleven, at the Birmingham District Court.
Bittleston, official assignee, Birmingham ; Bodenham and
James, Hereford; Motteram and Knight, Birmingham.
Edwin Verdon Blyth and William Henry Goddard, mer-
chants, Birmingham, Jan. 7 and 28, at half-past ten, at
the Birmingham District Court. Christie, official assignee,
Birmingham ; Reece, Birmingham.
James Whittaker and John Ellison, ironfounders and
millwrights, Church, near-Accrington, Lancashire, Jan.
8, and 28, at twelve, at the Manchester District Court.
Pott, official assignee, Manchester ; Higeon and Robinson,
Manchester.

SCOTCH SEQUESTRATIONS.
Alexander Turner, builder, Glasgow.
John Davie Martin Brotherton, wood merchant, Wes
Calder.

Alexander Diey, coach proprietor, Regent-terrace,
Edinburgh.
John Allan and Co., merchants, Glasgow.
Duncan Al`Nab, cattle dealer, Shirrabeg, Laggan, In-
verness-shire.

INSOLVENT PETITIONERS.
J. Staddon, Charlotte-terrace, Lambeth, boot and shoe
manufacturer—E. Bryant,. Spring-garden-place, Stepney,
carpenter—A. Michaels, St. George's-street in the East,
tailor—C. Hawley, Wakefield-terrace, Islington, grocer—
M. Cole, Brompton-road, Knightsbridge, and King-street,
Regent-street, painter —J. Clark, Trinity-square, South-
wark, and Stangate, Lambeth, miller—C. J. Blake, Upper
Sydenham, printer—M. W. Smyth, Drummond-street, St.
Pancras, tobacconist—J..H. Wood, Grove-street, Camden-
town, carriers' clerk—J. Champion, Wargate-st roe t,Hoxton,
paperhanger—W. Prust, Douro-cottages, St. Marylebone,
builder—G. A. Seal, Blackfriars-road, assistant sheriff's
officer—W. H. Burbidge, Union-street, Somers-town, baker
—C. Virgo, Chatham, baker—W. Roberts, Three Colt-
street, Limohouse, potato dealer—W. Titford, Constitu-
tion-row and Acton-street, Gray's-inn-road, undertaker—
R. Reeder, Three Colt-lane and Essex-street, Bethnal-
green, spring and axletree maker—H. Pearson George-
street and Kimpton-road, Camberwell, carpenter—J. 0.
Clarke, Lansdowne-cottages, Islington, printer—S.Aaron,
Manor house,Walworth, coffeehouse keeper—l. Levy, Old-
street, St. Luke's, general dealer—C. E. Bryson, Great
Winchester-street, City, dealer in railway shares—D.
M`Farlane, Duke-street, Aldgate, bread baker—A. A.
Harris,Windsor-terrace, City-road, licensed cigar dealer—
S. Samuel, Mansell-street, Goodman'a-fields, glass cutter—
J. F. Winks, Queen-street, Pimlico, baker—E. Nelson,
Johnson's-place and Ranelagh-road, Pimlico, starch maker
—T. Waller, Lower Kennington-green, labourer—P. Got-
fried, Mildmay.street, Islington, baker—W. E. Burland,
Crown-street, Finsbury-square, bonnet shape maker.
DECLARATIONS OF DIVIDENDS.
David Halket, Herne Bay, Kent, ship owner —lst div.
of 25., Dec. 13, and three subsequent Thursdays, at Stans-
feld's, Basinghall-street.
Henry Oppenheim, Ramsgate, ship) chandler—lst div.
of ls. Bd., Dec. 19, at Lee's, Aldermanbury.
John Dawson, High-street, Shadwell, tobacconist- -Ist
div. of 4s. Dec. 11, and any subsequent Tuesday, at Pen-
nell's, Guildhall-chambers.
Thomas G. Shaw and Joseph Lane, Old Broad-street,
City, and Manchester, wine merchants-Ist div. of 2s. 6d.,
Dec. 11, and any subsequent Tuesday, at Pennell's, Guild-
hall-chambers.

Harriet Townsend, Charles-street, St. James's, poulterer
—lst div. of is.' 4d., Dec. 11, and any subsequent Tues-
day, at Pennell's, Guildhall-chambers.
John Barrington Elworthy, Bridgewater, draper-Ist
div. of 7s. ld., Dec. 11, and any subsequent Tuesday, at
Pennell's, Guild hall -cham hers.

James Sivyer, Stratford, Essex, grocer-2d div. of ls,
10d., Dec. 21, and any subsequent Tuesday, at Pennell's,
Guildball-chambers.

T. and E. Scully, Curtain-road, Shoreditch, wholesale
cheesemongers-Ist div. of 3s. Bd., Dec. 11, and any sub-
sequent Tuesday, at Pennell's, Guildhall-chambers.
Francis Blackwell, Peterborough, currier-Ist div. of
3s. 4d., Dec. 11, and any subsequent Tuesday, at Pen-
nell's, Guildhall-chambers.-
Turnbull, Forbes, and Co., Bread-street, City, mer-
chants—final div. of 1-10 d. Dec. 11, and any subsequent
Tuesday, at Pennell's, Guildhall-chambers.
Joseph Brooks, Booking; Essex, wheelwright-Ist div.
of ls. 3d., Dec. 11, and any subsequent Tuesday, at Pen-
nell's, Guildhall-chambers.
James Wilson Pearl, Milton-street, Dorset-square,
horse dealer-Ist div. of 3d., Dec. 11, and any subsequent
TueSday, at Pennell's, Guildhall-chambers.
Charles Fred. Tibbs, America-square ship owner —lst
div. of 20s. and interest, Dec. 11, and any subsequent
Tuesday, at Pennell's, Guildhall-chambers.
Win. Piggott, Great Eversden, Cambridgeshire, general
shopkeeper-Ist div. of qa., Dec. 20, and three subse-
quent Thursdays, at Graham's, Coleman-street.
James Martyr, Union-street, Borough, ironmonger-Ist
div. of ss. ld., Dec. 20, and three subsequent Thursdays,
at Graham's, Coleman-street.
Peter Claussen, Newman-street, Oxford-street, manu-
facturer-Ist div. of 2s. 2id., Dec. 20, and three subse-
quent Thursdays, at Graham's, Coleman-street.
ChPare
Wednesday, at Whitmore's, Basinghall-street.
imtobnle,
KBenrot,wwnein, • GmreorsohveannotrLs tirsetetd,ivß. oonfd sst.re7edt,.
any
Peter Ward, Harrington, Cumberlandshire, alkali manu-
facturer— Ist div. of is. 6d., Deo. 15, and any subsequent
Saturday, Baker's, Newcastle-upon-Tyne.
Young Lowson Marshall, Sunderland (separate estate),
anytimber s me
rchant-Ist adnady, naatl div.Bak
Tyne. ofs 20Ns
e. ,wDo
ne
sc
t.
el.sn,
peonnd.

Smith, Wakefield, Yorkshire, joiners—L. C. Martin and
R. S. Lundio, Long-acre, wood-engravers- E. Howell and
J. H. Morgan, Bristol, manufacturers of photographical
plate holders—W. Coombs and Coombs, Bristol, grocers
B. M. Kelsey and R. Kelsey, Godstone and Shere, Surrey,
millefs—H. Sampson and W. Banks, Ilumworth Bleach
Worth, Lanca,hire—W. G. Bolton, S. B. Merriman, and
S. Dunning, Austin-friars, City, attorneys, so far as re-
gards W. G. Bolton—A. Eysson and C. M. Miller, Liver-
pool—M. Blowers, J. T. Blowers, and C. Barber, Read-
ing Berkshire, upholsterers, so far as regards C. Barber,

BANK OF ENGLAND.
An Account pursuant to the Act 7th and Bth Victoria, cap 82, fvr
the Week ending on Saturday the Bth day of Dec., 1855.
issuE DEPARTMENT,

Notes tuned .. •..... 24,439,525

£24,439,525

Government debt .... 11,015,100
Other securities.- 2,984,9 0
Gold coin and bullion 10,439,625
Silver bu11i0n........ -

Dated the 13th day of Dec., 18J

BANKING DE
Proprietors' capital .. 14,553,000
Rest
Public deposit E (in-
cluding Exchequer,
Commissioners of
National Debt, Sav-

ing's Banks, and
Dividend Accounts) 4,416,231
Other deposits ...... 11,719,180
Seven Day and other
Bills ........ . 923,444

£24,439,525
:. MARSHALL, Chief Cashier.

TARTMENT.

Government securities

£34,804,883

(includg.Dead Weight
Annuity) 10,264,376
Other securities ...... 18,141 269
Notes .... 5,759,185
Gold and silver coin .. 640,053

434,904,883
:. MARSHALL, Chief Cashier.

Dated the 13th day of Dec., 18,

AVERAGE PRICE OF SUGAR.

The Average Price of Brown or Muscovado Sugar, com-
puted from the returns made in the week ending Dec. 11,
1855, exclusive of the Duties of Customs paid or payable
thereon, on the importation thereof into Great Britain :
From the British Possessions in America 37s. Ojd.
Muscovado, the produce of the East Indies
Average of the two foregoing descriptions ... 38s. 9d.

BANK OF FRANCE.

The following was the situation of the Bank on
Thursday, Dec. 13 : _

Cit. Fr. e.
Cash and ingots
Cash at the branch banks
Bills due yesterday to be paid to•day 3,473,322 21
Bills becoming due in Paris, of which
92,073,380 fr. 10c. are from the

branch.banks 200,912,313 62
Bills in the branch banks
Advances on coin and ingots
Do. in the branch banks
Do. on public securities of France 34,332,236 10
Do. in the branch banks
Do. on railway shares and bonds 41,396,100
Do. in the branch banks
Do. to the State by treaty of
June 30, 1848
Advances on Treasury bills 40,600,000
Rentes of the reserve fund 12,980,750 14
Rentes of disposable funds 52,188,783 88
Hotel and furniture of the Bank ....
Real property of branch banks
Expenses of administration 831,709 45
Premiums on the purchase of matures 3,161 620 40
Sundries

920,284,409 48

DR,

Capital
Reserve fund 12,980,750 14
Reserve immobilibre 4,000,000
Notes to bearer, in circulation
Do. of branch banks 96,336,000
Do. to order (Post bills)
Bills payable at sight - 5,709,838
Account-current of Treasury Creditor 72,398,825 04
Various accounts-current
Do. branch banks 23,108,642 --
Dividends to be paid
Discount, interest, and expenses
Charge for safe keeping of securities 46,697 10
Re-discounts of the last half-year
Overdue bills . 99,766 87
Sundries

920,284,409 48

PREVIOUS MONTH'S RETURN.
CR. Fr. c.
Cash and ingots
Cash at the branch banks
Bills due yesterday to be paid to•day 955,730 71
Bills becoming due in Paris, of which
98,528,039 f. 91c. are from the branch
banks 224,115,030 21
Bills in the branch banks
Advances on coin and ingots
Do. in the branch banks
Do. on public securities of France 39,484,036 10
Do. in the branch banks
Do. on railway shares and bonds 58,080,400
Do. in the branch banks
Do. to the State by treaty of
June 30, 1848
Advances on Treasury bills
Rentes of the reserve fund
Rentes of disposable funds
Hotel and furniture of the Bank
Real property of branch banks..
Expenses of administration
Sundries .

60,000,000 -
40,000,000 -
12,980,750 14
52,188,783 83
4,000,000 -
5,225,959 -

2,523,113 87
97,573 71

980,313,779 93

Miles Iteeelpts.
opened, NAME OF RAILWAY.
1855. 1854. 18.55.
--
BRITISH. ,E £
115 Aberdeen .. •••••••••• • • • • • • • • • .... .: 2,721 3,133
37% Belfast and Ballymena •• •........... 754 759
17 Belfast and County D0wn............ - -
53 Birkenhead, Lancashire, and Cheshire 2,042 1,935
26'A Bolton, lilackbum, and West. York - - - -
117 Bristol and Exeter .. .•.....•• • . • • • .. 4,865 5,472
191' Caledonian..., .• .••• •• „ ............ 11,255 10,540
9414 Chester and Ilolyhead ..... ..••• • •• .. 4,442 4,301
6U, Cork, Blackrock, and Passage ...... 119 156
20 Cork and Bandon .... •.• • • • • ~.. 255 295
56 Dublin and Belfast Junction .•.•• • • . 815 1,261
63 Dublin and Drogheda.. ••• . ......... 1,173 1,541
73,; Dublin and Kingstown • 645 695
••
16% Dundee and Arbroath .••••.• • • •• ••
•• • . • • - -
31 Dundee, Perth, and Aberdeen Junctior 830 963
36 i Dundalk and Enniskillen •••• • - 287 400
67% i East Anglian...... -••••••• • • • • • • • - 773 901
93 East Lancashire.. ••...•••• • • • • • • • ' 4,900 5,195
417 Eastern Counties and Norfolk.. •• •• 3 20,709 20,083
Eastern Uni0n...... • • • •• • • • • • • • • i
142 Edinburgh and Glasgow •. • ••• • • • 4,819 5,000
78 Edinburgh, Perth, and Dundee ••• • • • 2,753 2,798
6 Exeter and Crediton.. • • • . .. • • • • • • • • - -
22 Furness Railway ••• • • •
• •
• •
• •
• • • • • •• • • - -
183% Glasgow, and South-Western• •••• • .. 5,070 5,622
283 Great Northern and E. L. ••• • • • .... 23,777 25,864
21331 Great Southern and Western (Ireland; 6,042 6,614
3595( Great Western -••••••••• • • • • • • • • • 21,508 22,649
251% Irish South Eastern •••••••• • • • • • • • - -
90 Lancaster and Carlisle- • • .......... 5,045 f 5 222
270% Lancashire and Yorkshire.. • ......... 18,607 20,051
- Leeds Northern ...• .. • • • • • • • . • • • • • . - -
161 Liverpool, Crosby, and Southport• •.. - -
553% London and North Western ......... 48,785 53.417
5% London and Blackwall.• ••• • • • ...... 1,104 1,098
183% London, Brighton, and South Coast.. 10,840 S 10,543
267 London and South We5tern......... 11,580 12,614
60 Londonderry and Enniskillen ........ 568 628
- Manchester, Buxton, and Matlock, &c. - _-,
173 Manchester, Shoffield,and Lincolnshire 8,905 9,335
95y Manchester and South Junction.. • ... 1,13 648
28 Maryport and Carlisle • • • • • • • • • • • • ..
2588116 8.! I
27,111
498% Midland •••••- • • • • • •
12634 Midland Groat Western (Irish)•• :: :: : ; 3,6
170 3,2,9
37 Monkiands • • • • • • • • • • • • • • • - • • • • • • • • - -
7851 Newcastle and Carlisle - ......... - -
149 North British • • • • • • • • • • • • • • • • • • • • • • 4,457 4,707
- North Staffordshire •• • • .... •• - • ... -
47 North-Western •• • • •••••• • • • • • • •• .. 872 840
823 Q Scottish Central •••• • • • • ...... •• • ... 2,409 2,473
32 Scottish Midland •••• . • • ........,
.. _
-
2934 Shrewsbury and Birmingham ...... 887 1,242
48 Shrewsbury and Chester
30 Shropshire Union .. • . .• .. • • ~......
813 848
57% South Devon --••..• • • .. • ........ • 1,873 2,318
289 South Eastern ...................... 14,030 15,305
16234 South Wales ....•• .. • • • •
...
4,398 5,426
97 South York., Doncaster, and Goole .. 1,894 2,170
39 Taff Vale .......................... 3,331 3,710
36 Ulster . • • • . .• .. . . ..
- -
77 Waterford and Limerick •... BO4 1,344
2n4 West Cornwall ...• •. .. ••
• • 450 462
12 Whitchaven Junction ...... 360 311
682 York and Newcastle, and Berwick &
York and North Midland & Leeds.. - -
F
89 Dutch Rhenish •• OREIGN.•
813 1,304
- Lyons and Mediterranean .......... - -
- 3fontereau and Troyes .............. - -
- Namur and Liege .. • • ...• ...... •• •• - -
- Northern of Franco .. - -
-- Orleans and Central .. - -
- Paris and Lyons .... ••• • .. •....... -
- Paris and Rouen. .................. - -
-- Paris and Strasburgh • • ...• .• •• ..•• - -
- Rouen and lisvre.• .... ..... ....... - -
- Western of France •.....•••• - -

[ADVERTISEMENT.]—HoIIoway's Ointment and Me
wonderfully efficacious for the cure of Wounds.—Mr.
Woodall, of Barlby, near Selby, was afflicted with an
abscess at the back of his neck for a considerable time,
and notwithstanding he was under the treatment of a
most eminent surgeon in the neighbourhood, yet he
could not, by the carious remedies applied, heal the
wound ; he therefore determined on giving Holloway's
Ointment and Pills a trial, and by these invaluable medi-
cines alone he has been perfectly cured, and is now in
excellent health. —Sold by all medicine vendors
throughout the worid ; at Professor Holloway's esta-
blishments, 244, Strand, London, and SO, Maiden-lane
New York ; by A. Stampa, Constantinople; A, Guidicy,
Smyrna ; awl H. Hoods, ,Malta.