The Sun.
London, England, 1855-01-06 00:00:00

0 is
vl .
M A E

AND
00/eMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK,
T•
he sales of cotton at Liverpool yesterday were
, The
at 6,000 bales, nearly all to the trade.
4.8 market closed steadily, without change in
p
rlees. Railway Shares were dull.
44 account is given by a mercantile contempo-
kl-7
r' of an interview had by the wharfingers with
Cardwell, of the Board of Trade, upon the
14, atter t,
which allusion under this head has before
14,,nen taade. The deputation consisted of—Mr. W.
Williams M.P., Mr. A. Pellatt, M.P., Messrs.
Besley, C. Curling, Knill, Dare, Curtis,
l'inson, Parker, Phillips, W. J. Hall, James
kenning, and Mr. Corner (solicitor,) have had an
P, 'l'view with the Right Hon. E. Cardwell, the
resident of the Board of Trade, on the subject of
4.l3rePosed repeal of the Dock Companies' clauses
Ich exempted all lighters and craft from the pay-
ent of rates.
°it waS stated that the clauses which the Dock
re panics were about to apply to Parliament to
13°41 were contained in the West India Dock Act
1 4111;99, 39th Geo. 111., cap. 61, sec. 138, and in all
equent acts for constructng docks within the
xus
rt of London. The following was the clause as it
itZliZci la an amended West India Dock Act of 1831,
let and 2d William IV., cap. 52, sec. 83; and
i)'4 Clause was to be found in the East India
ti°°lt Act, the London Dock Act, the St. Katlia-
!a Dock Ad, and the Victoria Dock Act, viz.,
iiProvided always and be it enacted, that all
I,v44°'ara and craft entering into the said docks,
locks, or cuts, to discharge or receive ballast
iyigceda to or from on board of any ship or vessel
therein, shall be exempt from the payment of
to" rates so long as such lighters or craft shall be
bsZificle engaged in discharging or receiving such
I,4liltat or goods as aforesaid ; and also all such
a3t or goods sd discharged or received shall be
Ztipt from any rate or charge whatever."
isf • Cardwell asked for documents and further
ation, and stated that the subject would have
bill considered by the committee to which the
Tk/tail referred.
lad" return of the Bank of England for the week
sting the 30th ult., is probably the most impor-
latv we have had for some time. Certainly such a
414° increase in the securities is suggestive of
otsefe4ed wants among the mercantile community,
• conic new speculative opening for capital ;
tlis"Ze latter appears to us most reconcileable with
lial,:cts, although there is naturally a desire to
Pr good good balances at the close of the year, and to
thr.o for engagements falling due in January.
de 1° we attribute the circumstance that the
4444 increased as well as the borrowing. The
t4eltents in connection with the French loan
til4h now upon the finances of the Bank more
tiki4nY other cause. The firms which seek parti-
isikt,°4 in the loan, either for themselves or their
ICl4ave had to provide specie to the amount
there Cent. upon the allotments asked, and
411ittist,"''l be 5 per cent. monthly to make up until
kribm'.lBs6. Supposing the total of the loan sub-
the for in London should be 5,000,0001., and if
aavelitench Government will allot as much, we can
alonetie doubt of its being accepted, the deposit
are thW%llld be 500,000/. Since, however, there
that 1:c large firms making up lists, and houses
correspondents at Paris have forwarded
it is Ci."'°na for them to subscribe on their behalf,
he
ilia fitted
much to assume that 1,500,000/. will '
for ilia,. I'd for the deposit, there being no data
►.
have '111,413W much of the loan the applicants
furnish th allotted to them, although they must
e
receiving all 14tebamount as if they were sure of
casethis
is
more
write for. The pressure in
°therwis ''"Yre decided, therefore, than it
amount would would be, and some of the
kith, nt map find its way back to England,
koatugh the great capitalists who make
s by working the exchanges even at a seem-
44glY insignificant percentage, will perhaps find it
„._lser to arrange for the retention of the gold in
oration for the second instalment. There re-
-4 however this fact, that although we may
•
ikta ',knelling at this moment more than will le
4,4 ediately required, the whole amount must be
t4t44rnitted to Paris, even if part be subsequently
; and further that for 18 months we must
i11k46) in bills or gold, 250,0001. monthly, suppos-
Pereoo,ooo/ to be subscribed for here. Therein we
tkte e an enduring element of disturbance to the
metro f exchange between London and the French
N,.,,1)01ie, and since the whole affair is independ.
4114-t`
a'anY mercantile transaction some new feature
per4.itise if the balance is to be turned even tem-
kehttill in our favour. Provided with such ample
140)4: in Part derived from a foreign country, the
eatly J,karket in Paris ought to rule particularly
iii):esPite the drain of the war, which we see
• calculation of the French Government is
f 'Med
at about 10 millions sterling annually,
tellett4etjerY little additional taxation has been
Pra~at
to, we may take the loan to re-
al
wah all the extra outlay, a large army being
bitl exl •
stence, and provided for in the ordi-
‘4elitailli e t How efficiently is testified by the
It le
°llltl erganisation 6f the Crimean force ! It
acl not therefore be unlikely that easy money
4114 rill:Nete a larger outlay for foreign staples
I.Bl,4ttlers .1111factures on the part of French con-
but:el, here again, as a set off, we have
448 are certain
of 1855, at which English
certain to attend very numerously,
littlebut
know that from us France needs
41,
4111• 01‘,.„, 41 the way of manufactures, though our
4.ers
and merchants may have some benefit
▪ tli:°ll.4acts for the transport of warlike stores,
131114)1
c. Y of staples produced in the colonies,
the ero"etting to the Bank return, the sum to
am was
Government
was but little augmented,
disburse the culminating point, as the quarterly
Pared wi—tb.e4t4 will have commenced since. Com-
10Ws • tha Previous week, the changes are as

Active eir_
T„ culatior,

'llllion
......
Rest -"crease

, Increase
lic Deposits
0 Increase
ther Deposits