The Sun.
London, England, 1864-08-02 00:00:00

CALCUTTA AND CHINA MAILS.

By the overland mail we have received letters
and papers from Calcutta to June 22.
Money at Calcutta was easy. All shares were
rising, and there was a fear that considerable spe-
culation might arise if the Bank rate were lowered
further, as seemed probable. There was not much
demand for bills on London, and exchange had
given way.

The Friend of India states that it has received
intelligence which leads it to look for war with
Bhcotan :—" It is an unfortunate fact that the
Bhooteas so far overpowered the Hon. Ashley Eden's
prudence as to induce him to sign a treaty ceding
to them the whole of Assam. This wretched treaty
they now insist upon our complying with, and we
need scarcely say that the Government, unlike its
special envoy, has not the least intention of yielding
to them. It would not have exacted retribution for
the insults cast upon Mr Eden, but undoubtedly it
will not suffer this tribe of savages to lay a finger
upon British territory. If, then, the Bhooteas are
obstinate, war will be declared against them at
once. This is the position in which matters at pre-
sent stand."

On the other band, the Englishman states that
the " Oracle," which the Bhooteas saw fit a short
time since to consult on the advisability of attacking
the British, has opened its mouth and answered in
the words of wisdom. " Beware, oh ye Bhooteas !"
it says, "for the Feringhees are a powerful nation.
Tuere will be no success if ye wage war against
them, and therefore Mahakall orders his children
not to cross the Berhampootra. But if the Fering-
defeat shall come upon
o
Bhootan shall never
othlewl eenms
s, invadeuf
bojre
ci
tt
on
ns
tw:rti
aat tnneynl tulht
the Dhurm Rajahs of
Bhootan and Thibet.

The ilurkaru again states that :—" Notwithstand-
ing all reports to the contrary, an expeditionary
force will proceed to Bhootan in the coming cold
season. Preparations are quietly but steadily going
on in Fort William with this view. Government
has instituted inquiries as to how light two regi-
ments at the Presidency—the 25th and 40th
N.l.
can march, what number of mules they will require
for baggage purposes, and what arrangements are
necessary regarding shoes, warm clothing, &c.
The Eurasian Mountain Train Battery is to accom.
pany these regiments, and probably some European
troops will be sent also. Her Majesty's 27th Regi-
ment, ,:now at Dinapore, is named as the corps
likely to supply the European portion of the expe-
dition."

Mr Wood, of the firm of Wcod, 011iffe, and
Co., merchants and army agents, has been con-
victed of breach of trust, and sentenced to years'
imprisonment, with hard labour. His partner,
Mr 011iffe, left India some mouths ago,

COMMERCIAL INTELLIGENCE,
(From the Ifurkaru of June 22.)

During the past week we have no material change to
note in the general position of trade. Exports go forward
moderately, and we do not look for more activity until
prices are cheaper than at present. This must be the case
with the arrival of larger supplies shortly on the opening
of the rivers. The chief transactions of the week have been
in sugar, saltpetre, and jute. With the two former prices
have fully recovered the late decline, and there is a good
inquiry at present rates. Jute is taken off freely, and the
stock of best quality is very light. The present prices of
raw silk deter buyers:

In imports, cotton piece goods close without animation
generally, and it would be difficult to effect large Bales at
the current quotations, and we balieve in some cases lower
prices are named. Grey madapollams, jaconets, and the
heavier makes of grey shirtings have been chiefly in re-
quest. The season for printed cottons is approaching, and
heavy sales have been made in anticipation, at a consider-
able advance. The twist market shows no further im-
provement; buyers are shy, stocks of white mule are low
in first hands.

The money market is abundantly supplied, and facilities
are readily obtainable in the open markets below the Bank
of Bengal rates. The directors at their weekly meeting, on
the 16th current, reduced 1 per cent. on the interest on
loans on Government securities. It is anticipated that a
further reduction will take place to-morrow, at the weekly
meeting. Contrary to expectation our Government paper
market has not maintained the momentary higher quotations
following on the reduced rates.