The Sun.
London, England, 1852-12-11 00:00:00

contradictory recommendations. One mourning
ornament excl, aimed—
" Wee

Not :"

while another •strongly advised the spectators to
act quite differently, thus,--
"If you have tears
Shed them now !"

Among manyof them there was manifest a some-
what distrossing sameness, a painful iteration, a
sort of posthumous tautology. One said, " I still
live," anoth, ,31. said, " I still live," another said,
" I still live„" another said, " I still live." A
very original quotation from SHAKSPERE informed
the world fro Da one of the fourth storeys of Park
Row—

" We neler shall look upon his like again."

Another, coolly appropriating the property of a
poet, declared of an orator that
" He wa,s not for an age, but for all time."
Another seemed to trill very pleasantly a line of a
pretty little ditty—
" Though lost to sight, to memory dear."
Enough of all this, however. We have surely
vindicated our course by displaying these miserable
pretences of grief over a really great citizen—a
circumstance a s insulting to the memory of DANrEL
WEBSTER, as it was undoubtedly discreditable to
the taste and. feeling of the people of the United
States.

COURT CIRCULAR.

OSBORNE, FRIDAY,

Count and Countess Walewski and the Eail. of Mal-
mesbury had the honour of joining the Royal dinner
party yesterday, and left Osborne in the morning for
London.

The Hon. Mary Seymour has succeeded the Hon.
Eleanor Stanley as Maid of Honour in waiting to the
Queen.

Mr. Roche end Mr. Heard had an interview with the
Earl of Deft ry yesterday, at his official residence in
Downing-stre€

Captain Wiiltlis, R.N., and Mr. Adderley had inter-
views yesterth ky with Sir John Pakington, at the Colo-
nial-office.

Lordßatem an, the Earl of Shaftsbury, and Mr. Hollesl
had interviews. yesterday wfth Mr. Secretary Walpole,
at the Home-oiffice.

The Earl of :Malmesbury returned to town from Os
borne, Isle of NVight, yesterday.
Mr. Bankes had an interview yesterday with the Ear]
of Derby.

Dispatches mere received at the Colonial-office yester-
day, from th e Governors of the West India Islands.
Dispatches weirs sent yesterday to the Governor-General
of Canada, and the Governors of the North American
Provinces.

MONEY AND COMAIMCIAL NEWS.
CITY, Two O'CLOCK.
The sales of cotton at Liveool yesterday were
estimated at 5,000 bales, of wjich 1,200 were taken
for export and on speculation.' The market closed
firmly, and prices in some cases were * better than
on Thursday. Railway Shares were very dull.
The amount of bullion in tie coffers of the Bank
of England was further increased last week, and
there was no correspondiig addition to the circula-
tion, owing to a very large influx of both public
and private deposits, throwing back notes that had
previously been issued. The discounts and loans
were much larger, principally owing to the borrow-
ing upon stock. Comfared with the previous week,
the changes are as folbws :
Rest—Decrease £48,987

Other deposits—lncrease

Other securities

Increase.

Notes reserved—lnerase

Bullion

Increase

205,755

12,410,821

447,199

17,545

21,808,332
100,667

Active circulation 22,723,150
Increase . ...
There was a decline yesterday afternoon in the
rates obtained for Bills of Exchange upon the prin-
cipal Continental cities.

The exportation of bullion from London, during
the week, to Thurscay last, was 53,485 ounces of
silver and 38,905 ouices of gold.
The Hambro' mail of Tuesday brings the rate of
Exchange on London 13 : 11, being 2 lower.
The French The
a,anfrod Itlgian Governments have re-
newedrn
sydney,
brings no later dates
than August 12, butabout 17,000 ounces of gold.
been made in Consols for special Transfer as
The Funds have beenlol very strong, and sales have
The prices for Account are
100 without the dividend. Bank Stock is firm
at 223 i. Exchequer Bills are 655. premium.
Foreign Stocks are rather heavy. The news
from Constantinople is bad, the Sultan's Govern-
ment having offered to pay back the principal and
interest, and the English. and French Governments
having acquiesced. Nexican are 24i to Turk-
ish Scrip was done lefore the news came at 1
premium. Peruvian Deferred are dull at 66, and
Spanish Deferred at 24t0
The Railway Share Market is quiet, and in the
quotations there is scarcely any alteration. Great
Western, Midland, arid one or two others are
rather flatter. Frenci Shares have improved.
Gold Mines are mush quieter but maintain pre-
vious values.

Australian Bank Shares have declined, but South
Australian Land are up 21.105., and Van Diemen's
Land are better.

BRITISH FUNDS AT ONE O'CLOCK THIS DAY.
(Fran the Official List.)

Business done
Bank Stock
3 per Cent. Reduoed Annuities
3 per Cent. Consols Annuities... shut 101 k i 3 div. for mon
3 per Cent. Annuities, r 29
New 34 per Celt. Annuties
New 5 per Cent. Anuuites
Long Annuities, Expire sth Jan., 1860.
Ditto 30 Years, Expire lth Jan., 1860
India Stock ...
India Bonds, £
South Sea Stock
Ditto New Annuities.
3 per Cent. Annuities, ITSI
Consols for Account orening 18th Jan lOll i Ex d
Exchequer Bills lid. March. June.
'
£lOOO 65 66 60 5
£5OO
Small
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
13ntzlian Bonds, sper Cent.
Ditto 41 per Cent
Mexican 3 per Cent.
Peruvian Deferred 3 per Cent 66
Portuguese 4 per Cent.
Russian Bonds, 5 )er Cent.
Spanish Bonds, 3 jer Cent . . ... 51i
Ditto Deferred, 3 perlOent.
Spanish Committe) Cert. of Coup. not fun 3a p c
Turkish Loan, 6pr Cent., 1852 li p
Venezuela Bonds 3 per Cent.

10)0.

Consols
Ditto Janu4ry Account

shut
shut

TIVO O'CLOCK.
101 a
1001 Ex d

BELGIUM AND FRANCE

SIGNATURE OF A MOST IMPORTANT
CONVENTION.

[BY SUBMARINE TELEGRAPH]
PARIS, FRIDAY.—I this moment learnt by
telegraph that the Duke de Bassano, Minister of
France at the Court of Brume,.ls, Dig,ned yesterday,
with the Minister of bioreign Affairs of Belgium, a
convention which puts again in force the treaty of
commerce of 1845, until a new treaty may be con-
cluded between the two countries.---Morning Post.

PARLIAMENTARY BUSINESS.

(Feom, Votes and Proceedings of the House of Commons.)

CONTROVERTED ELECTIONS.
The SPEAKER acquainted the house that he had re- S]
ceived Reports from the Examiner of Recognisances,
stating that the recognisance to the election petitions s
respecting the following places were unobjectionable, 2
viz..—

Norwich (1).
Norwich (2))
Wexford.
Lcitrim.
Meath.
Mayo.

Barnstaple.
Berwiek-upon-Tweed,
Hereford City.
Heretord County (1).
Hereford County (2).
Maidstone (2).

INCOME AND PROPERTY TAX.

The following Resolutions are to be proposed by Mr. Hume
as an Amendment to the Propositions of the Chancellor
of the Exchequer, for the continuance of the Income and
Property Tax, in Committee of Ways and Means :-
1. That each person should be taxed for the support of
Government in proportion to his ability, and as that ability
is measured more accurately by the value of his property,
under the protection of the State, than by any other
standard, the tax, to be equitable, should every year be
levied on the value of the property, labour and skill being
the property of large classes of the community.
2. That the existing assessment of the income tax (under
the Act 5 and 6 Vic. c. 35) should be so modified as to
make it a tax on property, including, under that term, the
capitalised value of all industrial income.
3. That all the property, real, personal, and industrial,
in the United Kingdom, should be taxed at one uniform
rate on its value.
4. That all realised property, under schedules A and C,
be assessed and taxed in proportion to its value ; and that
all industrial incomes under schedules B, D, and E, be
assessed and taxed only on the capitalised value of that
portion of each person's income exceeding 501. in the
year.
5. That, in levying the tax for the financial year, April •
18534, the schedules and the returns of income, under the
Act 5 and 6 Vic. c. 35, be taken as the basis on which the
property is valued and assessed for that year, subject to the
following modifications :—(a) The profits or income of the
clergy, now under schedule A, who have only life interests
in their incomes, to be transferred to schedule E. (b)
The profits accruing from the occupation of farms now
under the schedule 8., to be returned and assessed in the
same manner as the profits of trades and professions under
schedule D.
6. That for the financial year 1853-4, the assessment on
the value of the respective properties be taken as under :
Schedule A (exclusive of life incomes payable to the
clergy)—(a) Land in Great Britain to be valued at 30 years'
purchase on the rents, subject to a deduction not exceeding
10 per cent. for necessary buildings and repairs. Land in Ire-
land to be assessed at its annual value, allowing for repairs ;
or valued at the number of years' purchase for which the
land of Ireland has sold under the Encumbered Estates Act.
(b) Houses to be taken on the rents at 20 years' purchase,
subject to a deduction of 10 per cent. where the repairs are
made by the landlord. (c) Railways, canals, gas-works,
mines, iron-works, quarries, fisheries, and all other pro-
perties now under schedule A, to be assessed on the value
as determined by the price of shares on the 31st day of
March in each year, or as may be found most convenient
and equitable.
Schedule C—That the value of all property in annuities
and dividends under this schedule, and of securities of
every kind, be assessed on the current prices, on the 31st
day of March, 1853.
Schedule E—That for the year 1853-4, all the salaries,
pensions, and payments, under this schedule, including the
life incomes of the clergy, be taken at 15 years' purchase ;
and, in subsequent years, be valued as the Government life
annuities under schedule C.
Schedule B and D (farms, trades, and professions)— That
for the year 18534, the profits of farms, trades, and profes-
sions be taken at 15 years' purchase. That, in subsequent
years, the value of the capital and stock be taken as in an
ordinary balace-sheet, and assessed at the same rate as other
property ; and that, after deducting 5 per cent, for interest
on this capital, the rest of the income be valued as a life
annuity imperfectly secured, and assessed accordingly.
7. That, to serve as data for the assessments of the year
1854-5, tables, showing the prices on sales or valuations of
the various kinds of property in the United Kingdom,
should be prepared and presented to Parliament in March
1854, and in each succeeding year. ,
8. That any revenue which Parliament may deem it
right to raise in the year 1853-4, by continuing the Act
5 and 6 Vie. c. 35, as modified above, be assessed under the
schedules, at such a rate per centum as shall be adequate
to provide the required amount on the value of property.
9. That the basis of the valuation of property and the
rate of taxation be subject to revision in 1854, and in every
subsequent year, with a view of correcting inequalities and
rendering the tax equitable.