The Sun.
London, England, 1852-12-16 00:00:00

L., Northern
finekshire and Yorkshire
141.1(.ancl North Midland
toa,stle and Berwick
ot-1;or the information and satisfaction of the friends
fr,ifasse ngers, we have been requested to insert the
13
4ho walg extract from a letter which has been
18511 to us, dated Cape Town, Ist November,
2
at
71---e Cleopatra left Table Bay on the 30th October,
akrven, a.m., with 5721 tons coals, 50 tons goods,
kill afew passengers from this, and was seen at twenty
ow rates to four, p.m., beyond, Cape Point. This is a
Aine!did run ; and we calculate that two days' southing
take her into strong westerly winds. The Cleopatra,
foit excited great admiration in Table Bay, and the com-
e, and efficiency of her internal arrangements have
ell ell great satisfaction. We trust that she will be
t abled to make up, during the remainder of the voyage,
ht t.he detention experienced during the first part, as
ahn-,18, evidently capable of making a first-rate passage,
r'd no unforeseen accident again detain her.—(Signed)
I,IT°N. & BUSHELL."
e progress of any new branch of industry is
as r regarded with feelings of interest, and there is
kiekneh reason to be solicitous about the develop-
of elit of any general principle that will come in aid
e„ °Mmerce generally. We have arrived at the
Mel Sion, after various inquiries and in-
ationtion obtained, that the possibility of
doe„.l insuring- mercantile houses against bad
's had been fully tested by the Cora-
ofetr,eial Credit Society. Those who were cognizant
haute working of the association at Paris, since the
r,,
tor 1847, never entertained a doubt of satisfac-
IvZ results being obtained here when the system
doh- well understood. M. Amand Mancel de Val-
Cet, the founder of the "Sec-mite Commerciale,"
ope, Paris, has furnished such statistics of its
foli''ions as to explain the formation of three or
Nrir Minor associations on the same plan. The
Ci 8 Company has 2,000 assurers among the prin-
a4Da.l Mercantile firms, and in the year 1852, gave
dense number of references as to character,
thr,illealls of its 3,200 correspondents established
ciet'llghout France. The Commercial Credit So-
exeY here, owes its success mainly to the untiring
akrtions of Mr. Augustine Sargood, the chairman,
boarhe earnest enthusiasm of the small, but working
and of the directors, the manager Mr. Sewell,
werethe other officers. Although[active operations
lCem commenced only in June last, there are al-
Y insurances upon 1,300,000/. Among the
ehester houses the objects of the Society are
0(1,4„g Warmly seconded, and at a meeting of the
06711cil of Reference and the Directors the details
haZl of the of the undertaking, by a
tko'hvY. Combination of the mutual system with just
',a small infusion of the proprietary principle
The !give vitality, were most encouraging.
• precise objects of the Society are to
aksti, urge to the assured commercial losses, to
ads them in the recovery of debts, and to make
,„l'elacues when losses occur, with the view of pre-
fa4hilag temporary embarrassment and ultimate
ahr,,e• The idea that there is great difficulty in
the - Mug the principle of assurance to the objects of
society has been dispelled by the opinion of
Wth '(-ler B. Glen Finlaison, Esq., the Actuary
to ~,brNational Debt and Government Calculator,
8 Per„,l°l3l the society at the outset submitted for
n sal the synopsis and general rules, and that
tcla,,?Man has stated his belief " that the plan
- Ms within it the strongest element of success."
ts, Xlll benefit of all the premiums will be given
Sh the society to the Assured and not to the ,
ktioateholders, who are satisfied out of a commission ,
Prewed• One moiety of the surplus of the year's
ea,;,,'11111 will be applied to the reduction of the next
ki 8 premium of those whose losses have not 1
tlecniited to the sum of their annual premium, and
lta °ther moiety is for the formation of a fund to grant
4'la to the assured at limited interest. The rules
It lie the premiums not to be paid in advance,
,t the end of the half-year. The assured, on
,14." Mg a claim, must give the Society power, in
„11 4,ame, to act against the debtor ; but the as-
10,e Must not act without the sanction of the
;"-
'etY• No claim for less than 101. must be sent
lies ,The Society will afford any information that
ort 14 its power respecting the commercial stability.
kotadere ; and expects in time not alone to pro-
the"' security of the assured, but also
by7eet beneficially the whole trading community,
ki,rcr,ctting unforeseen calamities, on the one hand,
f)th by the exposure of fraudulent traders, on the
Pti,,,et, which individual creditors could of them-
ri seldom or ever bring about.
4tot°_cice are firmer, but dull still. Consols for
L'et, 100 k . New 31. per cents., 1031 to 104.
fl° Stock is up to 223 and 224.
Foreign Stocks there are larger dealings.
lii,t;glsh 3 per Cents. are 231. to 24, being better
111,e ;1, the expulsion of Narvaez ! Portuguese are
° 41k. Mexican, dull.
the Gold Mine Shares there have been exten-
Ndealings2 and at very advanced prices. The
tralia
n Companies are particularly buoyant
(thug to the intelligence from Port Phillip to the
kke"?Ptember, as to fresh discoveries of consider-
-IMportance. The Agua Fria Company's
kikreB have further advanced, and Ave Maria are
lo o.uag up.
Itpir Australian Agricultural Shares have started
ke Pito 51. per share, and Van Diemen's Land
T}l '0 1 higher.
Itt e Australian Banks are advancing.
therailway shares there is not much doing, but
kth'illotations are, with one or two exceptions,
heroet . higher. South-Western have declined, but
''11„ is an improvement in Lancashire and York-
q°l4.o3ristol and Exeter, and Ambergate. Great
44t are lower, and North-Western are rather
I.Nt)-4ain. Northern Counties Union are still in
;10 -.est• French Shares were very dull, and scarcely
(i4,,_, except Northern, which have rallied. Sam-
`44El Meuse are a shade higher.

tztlT/R
—}l FUNDS AT ONE O'CLOCK THIS DAY.
k (Front the Official List.)
111 k o Business done.
1 t c ck .
223 4
)A,
ent. Reduced Annuities lOl 100
iittpt 3'; ut. Consols Annuities
LN,44`.lser Cent. Annuities
iN Per Cent. Annuities shut
tkli, Vunities, Expire sth Jan., 1860 6i 7-16
tihtt7llds, £lOOO 75 9
Rola, under £1033 75 9
„ ter Opening 18th Jan lOOl i ex
,tloll'er Bills lad. March. June.
sou
623
i,ii i —__
N.,
siziPi OF FOREIGN FUNDS AT ONE O'CLOCK
b 1444 Bonds, 5 per Cent.
D. 0 41
Itto Per Cent 9Bi i i
4,t11,,,, New Bonds, 1829 & 39, 5 per Cent lO4
b4htt .n-Yres Bonds, 6 per Cent —
)o_kt44.4°Sor the Account 74
`r
4,Lr Bonds ;11:4(10') Per t. ..
bita. Bonds, 1

ktltto .K., -.., li per Cent —
11`.'kea,'",evf Deferred, 3 per Cent l2i
°ll o per Cent 24i
bitr,e,se 4 per Cent. 4o:i
litiltit twsor the Account .
Dean rnall
itt: bonds, 5 per Cent.
ciii4T4'...4i per Cent.-
nigh
4i per
5 per Cent.
"lA, "%Ids, 3 per Cent soi
,countiii)i.ttol?eferred 3 Cent.
ti Itt, "r the A
Da • P •
%4441 „assive (Converted)
Ftt,kihil .‘l-:_oznmittee Cert. of Coup. not fun. 3$ p a
..elela RTan, 6 per Cent., 1852 li i p
k‘l,-zates, 4i per Cent 104 f Ex. 25f 20c
1e.4-''',.._o,llds, 4i per Cent. Ex. 25fr 99
`'ltto ;"sauge 2i per Cent 671
' Per Cent. Certificates 99
is HALF-PAST TWO.
for Opening 18th January lOOl icx div.
C
Ittb„Nfiz,
toi4 -.VATIVE LAND SOCIETY.—The first quarterly.
()41.4e4,6 of the society, which was very numerously at-
0t QtlW5B held yesterday at the Freemasons' Tavern,
loPtt of l'eu-street ; Viscount Ranelagh in the chair. The
WiFilliD the executive committee, which was read by his
ii:tr, eaB,, V'esented a most favourable report of the society's
kii,7eilih no result of the first quarter's proceedings far
I)),Zte he that of any similar society in the like period.
thg),4e 'th of September last they have issued shares re-
-4 :, 11 ,g a. subscribed capital of 75,000/., of which more
l'atilA eO7l, i• has been actually received, and the remainder
414 °lls di 86 of payment. Meetings have been held in
eci,htti ~Otricts with a view of making known the society
trliklrillitte-uoJelevtitsha'nd many to-ras have visited by the
14, efi ,w. the most satisfactory result. The amount
ital tfore aatb fixed. at 501., in order to obviate any objec-
-I.ti NI raicr revising barrister as to the annual valne, as
bNii,alifi. A.,OCel. against the 301. allottees at the last regis-
isc,7 of ti`j-it r referring to the primarily defensive cha-
N7tios i7s3 associations, the report stated that several
''tit "hey 'ad been purchased on the banks of the Thames,
tl, 411 even
(ipco. oeilti., .Proposed to extend their operations through-
4Fii "eS, whether near to or remote from the me-