The Sun.
London, England, 1863-06-12 00:00:00

INDIA.

The Lahore Chronicle of the 2d of May states
that .Lieut. Jackson, the officer whose servant diet.'
from a severe flogging administered to him by tit,
master, has been found guilty of manslaughter, ancl
entenced to penal servitude for life.
The South Eastern Railway line to Cannington,
on the Mutlah, was enver isEd to be opened for public
traffic on the 15'h of May, suj,,ct, however, to th,
sanction of the consulting engineer to Government
At Calcutta, a requisition to the sheriff was in
clurse of signature, calling upon him to convene a
public meeting for the purpose of adopting congra-
tu!atory addresses to the Queen and the Prince and
Princess of Wales.

The Viceroy and Commander•in-Chief were still
at Simla, where there is no news of importance tc,

record.

On the afternoon of the 7th May a numerous audi-
ence was gathered together in the hall of the Cham-
ber of Commerce of Calcutta, to hear a lecture by
Sir Arthur Cotton, on works of irrigation and navi-
gation. The lecturer chiefly insisted on the neces-
sity of appointing public IA orks commissioners with
powers to raise funds for prosecuting remunerative
public works, and who shall be accountable for their
appropriation to the purposes for which they were
professedly obtained.
Something like a mania for limited liability corn-
panies is said to be prevailing in Calcutta. The
Hurkaru says upon this subject :—" We yen-.
ture to resume our strictures on the limited
liability mania. The importance of the sub-
ject must be our excuse. Too much is at stake
to permit the folly to go on unchallenged; and

it is surely better to speak out boldly now and
nip t'-,e evil in the bud, than to delay all notice till
few designing stock-jobb9rs have secured their
premiums, and the credulous multitude finds itself
duped and ruined. The good name and reputation
of our community, besides, are iv question, end it is
but right that it should emphatically repudiate
complicity with practices which, we repeat, are
alike disgraceful and dishonest.

We read in the Madras ..4th,enceum—" From
Central Asia there is a continuance of the same
vague and contradictory rumours that hive for so
long a time filled the columns of the Delhi Gazette
and perplexed everybody at a distance from the
scene of action as to what the real position of

ties at Herat, and the probable issue of the
strife between Dust Alahommed and his son-in -law,
may be. The old Ameer has recovered from his
late sickness, and is said to be as intent as ever on
taking the city, but after all it seems more likely
than not that British and Persian diplomacy will
bring about an accommodation between the belli-
gerents.

COMMERCIAL INTELLIGENCE.
(From the Calcutta Englishman of May 8.)

Produce Market—With the exception of u few
purchases of saltpetre and rice at rates well main-
tained, the market still remains inactive.

Import Market—ln the short interval since our
list report there has been no change in our market,
which is still very quiet. The favourable telegra-
phic news received on the 6th has had no percep-
tible influence. Our quotations must be looked on
as purely nominal.
Joint-stock shares—A large business has 'nen
done in joint-stock shares, and Bengal Bank scrip
is reported as having sold for 9,150. A wild mania
has lately sprung up in this city for converting
tradesmen's firms into limited liability companies,
and much gambling in the scrip has resulted.
These speculative venturers have in no way affected
the more legitimate undertakings.

Government Securities—Government securities
are slightly lower, following the downward ten-
dency in Bombay and Madras. Business has been
done in fives and a halt at 117-8. In the other de-
nominations we have heard of no transactions since
our last report, and the quotations are nominally
the same.

Money Market—Though the money market is
still very easy, there is somewhat more demand
within the last day or two, the scarcity of money in
Bombay and Madras having attracted considerable
remittances to both of these places. _ .

Exchanges—The greater part of the business
done in exchange for the past fortnight has been
crowded into the last two days. Buyers of sterling
field back as long as they could in the expectation
that the arrival of the direct steamer from China
would give a fresh impulse to the rate of exchange,
but on its becoming known that she brought an
unusually small amount of China drawn paper, the
banks readily sold at the terms they had asked,
2-0 7,16. At this rat.) something like 18 lacs of
bank-bills must havebeen disposed of yesterday and
the day previous. First-class credit bills have been
sold at 2-oi, and the few China drawn bills that
came forward went at 2.0 9.16. Document paper
is comparatively scarce, and may be quoted 2-01.