The Sun.
London, England, 1863-03-27 00:00:00

CALCUTTA AND CHINA MAILS.

We have rEceived-litters -and" 'Apra -from Cal..
cutta to the 22d of F,bruary, Hong Kong Feb. 14,
and Madras Feb. 28.

The Englishman's Weekly Mail (Calcutta) sap; :
—" Three days only having elapsed since the de-
parture of the Bombay mail, there is absolutely
nothing to call for remark. Tice Viceroy continued
his progress towards Simla, and is expected to reach
Lucknow on the-26th inst. Perhaps the most inte-
resting circumstance hitherto in connection with
the Viceroy's tour, has been the consecration of the
fatal well at Cawnpore. This interesting and
affecting ceremony took place on the afternoon of
the 11th inst., in the presence of the Viceroy and
Lady Elgin, the Bishop of Calcutta performing the
service. The Bengal Council met on Saturday last,
but the proceedings were not of an important cha-
racter, and wero confined to the consideration of
the Coolie Emigration' Bid, Various official
changes are likely, it is rumoured, to take place on
the appointment of a successor to Mr. Edmonstene,
but as yet, we are credibly informed, nothing has
been definitely settled. Rumours of reform and
retrenchment have been so rife since the advent of
Sir C. Trevelyan to power, that we hardly know
what to credit, or what to disbelieve. The latest
on dit is that tho Military Finance Commission
will at once be amalgamated with the office of
Military Secretary to the Government of India.

This change will be brought about mainly
in consequence of the special work for which this
department was originated having been fulfilled,
and consequently the necessity for it no longer
exists.

" The Nemesis, which left here en the 9th of
January, managed to get on the rocks when steam-
ing out of Chile harbour, and was obliged to teiura.
She has since arrived at Bombay for repairs, and
her passengers and mails have been forwarded on
to Suez by another steamer, without suffering much
inconvenience. The Peninsular and Oriental Corn-

pang have been very unfortunate lately, but the new
French Company have not been without their
casualties. The Eurymanthe has been temporarily
disabled, and a steamer was specially chartered to
take on her passengers, &e., at a heavy cost."

CALCUTTA, Feb. 22.

EXPORTS.—The prices of produce are generally very
firm, and at their high range, coupled with Lie ecntirmed
high freights, little if arty room, in any instance, is left. for
business under present home quotations. Supplies arc
scanty and stocks low. Indigo dull and drooping. Sugar
firm. Saltpetre active. Rice 2 minas lower. Raw silk
active, and higher. Corahs higher. Shell lac maintained.
Lac dye dull. Jute firm. Linseed Advanced, Hides active.
Rapeseed quiet. Cotton very firm. Castor oil quiet.
Gunny cloth no change. Bags dearer.
LkeronTs.—We have no material change to notice during
the fortnight. Business has been on a quiet scale, owing
ti the recent purchases of dealers not having been yet
worked off; and there being no disposition to hold stocks
in the present position of the market. Rumours of peace
in Anmica have been industriously circulated, but tho full
realities of the position of our market, even in the event of
such a contingency, are now realised. The dealer under-
stands that a cotton crop is not of a spontaneous growth;
and that one, two, or three seasons cannot replenishmanu-
factured stocks, Shipments to this are falling off, and
stocks here are declining. Importers are exceedingly firm,
and we have no alteration to rep )rt in price under the quieter
feeling in the market. The sales have been comparatively
light of cotton piece goods. Our twist market is quiet and
firm. Metals are neglected. Salt again drooping.
GOVERNMENT SECURITIES.--Since the speculation in the
Four per Cents., reported by last mail, the Five and Five-
and-a-Half per Cents. have been more in favour, and dealt
in at slightly advanced rates—the change has been induced
by higher rates prevailing at Bombay.
MONEY MARKET.—There is no change to note in the
money market; a fair demand exists, which is readily met
at current rates.

SHARES,—The market since our last report has not dis-
played much animation, and prices have not been fully
maintained. IVe find but few Bank of Bengal shares offer-
ing ; business is reported at 8,650 to 3,700. A good business
has been done in Assam Tea Company's shares at 475 to
485, and the latter figure tc 480 is the quotation for them.

In E.I. Tea a small business has been done at Rs. 42 and
105, or 5 per cent. pm. Central Assam are not in much
demand, at Rs. 110. Bengal Coa, Company shares are dull,
at Rs. 1545. Sales of Bheerbhoom Coal at 1475 ex privilege
and ex div.

CHINA.

The China Nail of Feb. 14 says :—" Politically
speaking, matters have continued in the same un-
satisfactory state as they have been for such I, length
of time represented in these columns. Nothing of
special importance has occurred since the dispatch
of last mail, but the policy concocted and pursued
by her Majesty's minister at Peking has become
sufficiently developed to make it plain that the
worst forebodings are in imminent risk of being
realised. Ever since the commencement of the war
which rer,ulted from the seizure of the lorcha Arrow,
a persistent feeling of philanthropy and mandarin
worship has pervaded British diplomacy in China.
This might be laudable enough if it were uneer the
control of her Majesty's advisers, but it is not. It
is a crotchet of Mr. Wade, the Chinese Secretary of
Legation, and has been pursued in such an under-
hand and determined manner ae to cause all the
instructions received from home to be made subser-
vient to it, The whole study of the legation, as is
proved by the published dispatches, appears to have
been to carry out the scheme without the know-
ledge of the British Government—to render all the
instructions nugatory, partly by a passive disregard
of them, and partly by suspending them for fur-
ther instructions, the utmost pains being taken to
make her Majesty's ministers, by means of sophistry
and concealment, converts to the scheme of regene-
ration determined on.

" It should be explained that Mr. Wade was an
interpreter in the consular service, which he left to
take office in the Chinese Customs at Shanghai,
when it was determined, many years before the
Arrow war, to place the establishment at that port
only under a foreign inspectorate. By these means
Mr. Wade doubled his salary and obtained conside-
rable influence with the native authorities. Upon
the death of Gutzlaff, he succeeded to the office of
Chinese Secretary to the Superintendency, and ob-
tained the appointment which he vacated in the
Chinese Customs for Mr. Lay. Since then Mr.
Wade has had control of all the nominations and
appointments of interpreters, both in her Majesty's
service and in Imperial employ—and it is astonish-
ing what influence he has obtained by this means,
combined with his peculiar Jesuitical mode of pro-
cedure. Mr. Lay Aas in the Chinese employ through-
out the whole of the war, and was the constant
means of communication between Mr. Wade and
the Chinese authorities. Mr. Wade had then
determined upon making the Custom inspec-
torate prevail at all the ports. He argued
that the revenue upon foreign trade would ren-
der the altered state of affairs, consequent
on the peace, popular—and he further argued
that the existence of the Imperial Government
actually depended upon the receipt of this revenue
—that is to say, that the Customs' evenue on
foreign trade would enable the Imperial Govern-
ment to crush the Taeping rebellion. Mr. Wade's
motives need not be questioned.
" The intelligence from Japan continues to de-
velope the policy which it has been for some mails
advised had been determined upon—namely, to cir-
cumscribe the power of the Tycoon, to reduce Yedo
to a third class city, make Miako the capital, and

th© Alikako, or real Emperor, who resides there,
again supreme, de facto as well as do jure, io the
end that the foreign treaties beiug made with the
Tycoon may b 6. carried out by that dignitary as best
he can ir, a subsidiary position, and with an ever-
waning authority."