The Sun.
London, England, 1863-04-28 00:00:00

IRELAND.

IDUBLIN, April 27,
A trial which places in a striking light the ope-
rations of the Black I,;sts took place in the con-
solidated Nisi Prius Court on Saturday, before Mr.
Justice Keogh. It was an action on a bill of ex-
change for £27 108., the plaintiff, Mr. W. Pepper,
being a barrister, practising in the Recorder's Court,
and the defendant, Mr. John Sproule, a trader, in
Dublin. The bill was drawn at three months, and
the defendant received only £2l, the sum of £6lOO.
being charged as interest for three months, which
is about 100 per cent. per annum. There is a great
deal of bill discounting of this kind in Dublin, but
it is a generally done privately and quietly, and for
the credit of the bar it must be said that it is a rare
thing to find one of that honourable profession en-
gaged in it. The case is worthy of special notice,
however, not so much because a barrister is one of
the parties, but because of its bearing on the Black
Lists, and the indignantcotnments the circumstances
elicited from the jadg-. Tnf defendant was not able
to nicer the bit when due, but he paid insi.lments
which amounten to £l3 its interest on the £2l that
had been lent. In addition to this pi.tint iff had re-
ceived £7 58. for not marking judgment against the
defendant when the bill was due. This was part of
the transaction which the judge denounced in the
strongest terms. " What," asked his lordship.
" must be the miserable state of traders in the city
of Dublin when this hard working, proper man
was so afraid of the 'Black List' that he could write
such a letter as this;—' I propose to pay you 80s.
on the 9th of October, and if you wait till the fol-
lowing day I will pay you 50s.' There were vari-
ous excuses pleaded for that,—fear of the Black
List,' total ruin, sick family to be looked to, but
such was the fact."

It should be mentioned that the " Black List" is
a publication privately circulated among members
and mercantile men, in which the names of all per-
sons are entered against whom judgments are
marked in any of the courts, and the terror it in-
spires among struggling traders, it appears, from
this case, enables creditors to extort large sums
under the name of costs, which would be incurred
if judgment were marked, but which are esteemed
a trifling infliction compared with the insertion of
the debtor's name in the '' Black List." On this
state of facts Mr. Justice Keogh made the following
remarks :—" This charge for not marking judgment
was an illegal transaction from beginning to end. It
was, in the first place, a fraud on the revenue, a plain,
palpable fraud. Of the sum of £7 4s. lld., which
the marking of judgment would cost, £1 Bs. should
have gone to the revenue. He would say that the
whole of the machinery of the Court would be
made the instrument of an abominable system
of oppression if such a transaction were
permitted to go unrepudiated. Any man might
come to his debtor and say, ' I will mark judg-
ment against you, and you will answer in the
Black List,' and then away with your credit; but
pay me the costs of judgment and I won't mark it.
How, he asked, was this extortion removed froth
the conduct of those wretched people who in the
byways, and lanes, and alleys, meet men and sal,
' I will charge you with offences of the most viol'
ous nature unless you give me certain sums of
money."

The "Black List" his lordship denounced as " an'
other instrument used for the most vile and flagiti'
ous purposes."

The jury brought in a verdict for the plaintiff--
£l6 5W., which, with the sums paid for interest, and
for being kept out of the "Black List," makes the
whole amount £36 106., in payment for £2l. It
is pDssible trio ja y did not share the judge's ',l'
horrence of the' Black List."

COUNTRY MARKETS.

COLCHESTER-APRIL 25.

At this corn exchange to-day there was a small shoal
of whe4, which sold at fully last week's prices. Spring
corn scarce, and in little demand.
Wheat, white 46s 66s I Beans,Mazagan..3os 339
red 42s 52s middle & small.3ss 42s
Barley
—s s Peas, white ..40s 42s
Oats . 20 s 2-6 e I grey 35s 385

GLOUCESTER—APRIL 25.
To-day there was a very good supply of English wheat
from the farmers, which sold at the prices of last week,
with a fair trade. Foreign wheat in large demand, at late
prices. Barley, oats, and beans firm.

RD—APRIL 24.
"0 improvement in last weA's

I'eas, Partridge 37s 408
White 39s 408
Boiling .. 40s 430
i)un 35s 388
Ditto new —s ...-8
Beans, Tick, old 34s 398
new --s --0
Harrow Ticks 3ss 400
new —s --s
Mazagan 3os 350

IMPERIAL OTTOMAN LOAN OF 1862.
4, BANK BUILDINGS, LOTIIIIURY.
holders of Scrip who have not exchanged the same for the
definitive Bonds are hereby requested to do so with the least
possible delay, rs the First Driwing of the Bonds for Re-
demption at par will take place in MAY this year.

THE ONLY OFFICE WHOSE BONDS AND POLICIES OF
GUARANTEE ARE ACCEPTED RV THE TREASURY, CUS-
- TOMS, INLAND REVENUE, CENTRAL POST-OFFICE, WAR,
ADMIRALTY, HOME, COLONIAL, INDIA, AND OTHER
GOVERNMENT DEPARTMESTS.
THE EUROPEAN ASSURANCE
SOCIETY.
DIRECTORS IN LONDON.
:henry Wickham Wickham, Esq., M.P., Chalrma-.
aolin Chee ham, Esq , Stalybridge.
John s ield, Esq., l'lrarnfoed.court, City.
Charles For.ter, Esq., M.P. for Walsall.
Richard Francis George, Esq., Bath.
Henry IL Harrison, Esq., liamiton-placc St. John's-wood.
Tho w; C. Hayward, Esq., Minories and
John Hedging, Esq., Cavendish Club.
Jam(s Edward APConnrll. Esq., Wolverton.
C. W. Reynolds, Esq., Eaton-place, Belgravia.
Richar.i Spooner, Esq, late her Majesty's Commissioner of
Customs, Bombay,
H. Wickham Wickhaln Esq., 111 fer Bradford.
Thomas Winkwor h, Esq • Gresham Club, and Canonbury.
J. P. Brown•Westlicad, Esq., M.P. for York.
DIRECTORS IN SCOTLAND.
AleXandcdt Al.en, I.:sq.. of
James rorrnan, ;m Advote, Edinburgh.
tames
Hunter, Esq , Manager of the Agra and Uni'ed Ser-
vice Bank- Edi, bur:l h.
Pr essor Layeock, M.D., F.R.C.P., Univ. rally of Edinburgh.
Thomas Sprot, E q., W.S., Edinburgh.
Donald Cuthbyrt,on, Esq., Accountant, Glasgow.
Itobertt enter, Esq., :11.1)., Glasgow.
Alex,dader Strathern, Esq., Sher.ff-Substitute of Lanark-
shire,
John Stewart, Esq., of Craigie Buckler, Aberdeen.
William Gordon, Esq , Treasurer for the City of A berdeen.
Thomas Couper Esq., Manager of the Dundee Shipping
Company
James Yemen, Esq., Craigie `lily, Dundee.
B.e,:atrity is provide in approved cases for officers of Bank-
and Commercial Establishments, Public Companies, Mu-
nicipal Corporations, and for other pieces of trust.
tag Life Assurance maybe combined with Guarantee on advan-
eous terms.
Prospectuses, Farms of Proposal, and every informa ion
may he obtained from the Chief Offices, 2, Waterloo-place,
Pall-mall, London, and c 9, George-street, r dinburgh.
T" ROYAL SARDINIAN RAILWAY
PAN Y.
Sootete Guaranteed by the ltalian Government.
Auonyme ; the Liability of Shareholders Limited
to the Amount of their Shares.
Share Capital, £1,000,0 0 sterliflg, or 25.000,000 f., in 50,0'0
Share of £2O, or 50, 1., each, to bearer. With power to issue
0,000 Nominal Capital, in Obligations or Debentures.
The Shares to be redeem Estates, at par, out of the pro-
ceeds of Freehold Landed granted to the Company ;
to hear Interest at 6 percent. per annum during construction,
and subsequently an estimated minimum annual dividend of
Thirty-two Shillings (equal to eight per cent.) per share,
based upon the Government Guanntee, and payable during
the whole term of 93 years, on all shares, whether redeemed
or not.

Debentures or Obligations £2o, or 500 f. each ;
To bear interest at 3 per cent. per annum, repayable by an-
nual drawings within 41 years, at par ; to be issued at .£ I,
tar 475 f. each. Every subscriber for Shares to have a pre-
ferential option of claiming. two Obligations or Debentures
for each Snare allotted to him.
The security f r the Capital and interest is a grant to th
Company in perpetuity of Freehold Landed Estates of thee Crown in the Island of Sardinia, comprising 00,000 hectares,
or 480,600 English acres, and a distinct State Guarantee of a
het annual revenue, or subvention, of 9,0(0 lire for each kilo-
het
term ofi99 yee of ralway,
aersqual to £5BO sterling per English mile, for
Further Pa Deposit £1 per Share on application.
yments, on Allotment, £2 per Share, and £1 per
Arrangements wi
Obllligation or Debentur
be made resect to further calls
Which will enable Shareholders towith have p
the op ion of paying;
up a proportio t of their Shares and Obl gations or Deben-
tures is full.
COUNCIL OF ADMINISTRATION IN ITALY.
'Honorary President—General Count Alberto Della
liclarmora.
Marquis Gustavo di Cavour.
irquis Boyl di Villaflor.
Si2nor Guise' pe Sanna-Sanna, Deputy of the Italian
Parliament

ThIRECTORS TN ENGLAND.
and omas Barnes,B Esq., M.P. (Director of the Lancashire
Yorkshire Railway).
Charles Bell, Esq. (Messrs. J. Thomson, T. Bonar, and
Co.), London.
It Sons) London
renfell, Esq., M.P. (Messrs. Pascoe, Grenfell, and
•
1. LeORIRO, Esq. (Messrs. I. Leonino and Co ). London.
Chester Pender, Esq., P. (Messrs. J. Pender and Co.), Man-
. AI 1'

BANKERS.
Messrs, Glyn, Mills, and Co., London.
Messrs. Arthur Heywood, Sons, and Co., Liverpool.
The Consolidafed Bank (Limited), Manchester.
Sigri. Pratelll Bolmida, Turin.
Sign Fratelli Leonino di D., Genoa,
M BROKERS.
London Messrs P. C ,
E.C.
don, R.c Co., azenove and 52, Threadneedle-street,
Mr. Geo. E. Seymo, 38, Throgmorton-street, Lon-
,
Ur
Mesrrs. Hors all and Addison, Liverpool,
Messrs. Shore and Kirk, Manchester.
Me a
ssrs. Bircharn SOLICITORS.
, Dlrymple, Drake, and Ward, London.
Messrs. Littledale Ridley, and Bardswell, Liverpzol.
M ENGINEER.
Dir. Benjamin Piercy, C. E., 28, Great George-street, West-
minster.
INTErtim SECRETARY
Temporary O Mr. J. J. Ridley,
Offices-8 Coptha'l-court, London, E.C.
The Government of Italy, desiring, to deve'op the resources
Ditt) Island of Sardinia by the introduction of foreign capi-
tal in the construction + f railways, have, by virtue of an Act
bearing the Royal confirmation under date of the 4th of
"January last, conferred the following valuable concessions,
which have been purchased for this Company :
First, The exclusive privilege of constructing raitways in
the Island of Sardinia.
second. A truarantee or se vention for the lines now pro-
posed of 9,, 00 lire for each k'lometre of railway, or £5BO ster-
!i(ng per Ergltsh mile, per annum, net revenue, for a period of
veers, payable as each section is opened for traffic; and,
Third. An immediate g• ant to the Comp4ny, in perpetuity
and absolutely, of freehold landed estates, belmiging to the
Crown, in the Island of Sardinia, containing 200,000 he
or 480,000 English acres, tie present value of which is offi-
cially returned at £5OOOOO, but which it is manifest will be
largely increased by the completion of the railways.
The £5BO per mi'e net guaranteed income, together with
the comparatively low rentals now proceeding from the
lande I estates, and amounting, according. tothe Governm, nt
returns, to £24 000 p r annum, are equivalent to an annual
d vidend of at least 8 per cent. upon the total estimated cost
of t' e railways. This will be seen from the following calcu-
lation :
Annual Income--
Guarantee 1 Net it.venue £5BO per mile for 240 miles .Et 39.200
Pre.'3ent rent from the lands (sum pt ble of increase) 21,0 0

Total .......................... £163,200
Interest payable o, £2,000,000 Obligations or
Debentures at £3 per cent ........... .. .£6 ),0.10
Estimated Dividend' on £l,OO ~OJO ghire
Capital at £8 per cent ....................... 80.000

Sur
Deplus incomet applicable to the redemption of
. . t23,2e0
The special feature of this undertaking is, that while the
Shareholders will receive an annual interest of 6 per cent.
during the construction of the line, and a dividend of at 1 eis t
8 per cent the,cafter on their capital, they will, at no dis-
tant date, have their capital repaid to them out of the pro-
ceeds of the Crown lands granted to the Company, and con-
the tinue, nevert-.eless, in the enjoyment of the dividends during whole period of i 9 years. The order in which shares will
be Paid off in this manner will be determined by ballot.
Tne estates are s tuated in various pi.rts of the Island, and
wall j
of, n great measure be intersected by. or in the neighb nr-
hood the several lines of railway now p-ojected, and also
the Peveral new roads about to b 2 constructc i by the Govern-
taint, lor which purpose they have voted One Million Pounds
St 1 ling. Some portions of the estA,s are under tillage ; a
considsrable extent consists of pasturage, and the remaining
ortions contain forests of oak and other valuable timber.
From these forests the do kyarda of England, Prance, and.
Italy have for many years past derived and are now driving
their supplies of the finest oak.
8 ardit is is extremety rich in minerals, particularly silver-
/ea t, copper, and ironstone, the latter of the highest quality.
Besides thee . minerals, the Island contains extensive coal
fields, which will be developed by means of the intended
railways.
ings
The lines n-n, projected will be single (with requisite
and passing- places), and will be about 210 mil length ;
six years are allowed for their completion. They will be pro-
ccened With in the five following sections:—
. 1. Prom Cagliari to Iglesias, the centre of the mining dis-
trict irld co ,1 fields.
2. Prom Ca 'Hari to the city of Oristano.
3. Prorn Oristano to Ozieri.
4. Prom Ozteri, through the city of Sal earl, to Porto Torres.
ti. Prom Ozleri to Terra Nova.
Thus, throughout the whole length of the Island, will be
established a compete isystem of railways, bringing into
closer connexion the respective shores of the Mediterranean.
The Most eminent contractors ,n this country have care-
fully examined the detailed surveys and sections of the pro-
jected lines, prepared by the Company's Engineer, and have
offer,M to contract for their construction at a sum which, after
making provision for all preliminary and contingent ex-
p'nses, id
fall within the A rat unt of capital no w proposed
to be rats,
The working. expenses of railways in Italy and Prance
rarely ave-age 42 per cant. of the grose receipts. This Com-
pany has stipulated for an allowance of 5 ) pcnt., to be in-
creased to 63 2-3 per cent. during the first goes years, in case
the gross receipts do not exceed 10.000 lire per kilometre.
On the other hand, the Government have reserved the op-
tion of purchasing the railways, at any time after the expi-
ry tion of 30 years, upon payment to the Cr mparty of the va'ue
of the rolling stock, &e., and an annuity for the remainder of
the term of 99 years ; such annuity to be not less than the
average net income of the five most productive of the last
seven years, and not less than the net income of the last year
preceding such purchas '.
The interest will be payable hall-yearly in London, Paris,
Turin, and Gen ,a.
Translated copies of the Act of the Italian Parliament, with
maps of the 'Aland of • ardinia, showing the course of the in-
tended railways, can be imp cted at the offices of Messrs.
11l rent al, Dalrymple, Drake, and Ward 4', Parliament-street,
S.W. ; a* d of M.essrs. Little' 'ale, Ridley and Bards well,
Brown's-bnildincrs.Exchsn,,ze, fiverpool. '
Forms of application fir shares may be obtained from the
Brokers, and a'sa at the Tempor ,ry Offices of the Company.
In cases where no allotments are made the deposit will be
returned without deduction.
TIIE ROYAL SARDINIAN RAILWAY COMPANY.
1,0!:3I OF APPLICA I'ION POft SHARES.
To the Directors in England of the Royal Sardinian Railway
Company.

•-..--£140,000

Gentlemen,
Haying paid to your Bankers the sum of .£ , I hereby
I\'quest that you will allot me Shares " and obit-
P-.tions" of £2O ea h " respectively " i• the Royal Sardin,an
Railway Company, and I hereby agree to script the said
Snares 44 and Oligations," or any small r number that may
be allotted to me, u-on the terms of the statutes, to be agreed
!loon by you with the Italian Government, and to pay the
farther deposit of £2 per Share upon the Shares," and £1 per
anliption upon the Oligations" allotted to me, at such time
c 1 In such a manner as you m ly appoint.
I am, Gentlemen,
• Name in full
Address in full
•
Profess'on or business (If' and ).
Place of business it any)
, Antillea Date
'irlaiit,,,Mg faes only, will strike out tne words
' 111 the Tux above form of app' ication. ItOYAL SA ItDINTIA.N RAILW
BANIkERS' REGEIPf.AY COMPANY.

Reccivedm
, 1563.
of the blreei; the sum of on avount
Company. r 8
in England of the Royal Sardinian Railway
X :
The above i r,...
must, upon tha°-17,;"3; after being filled up by the applicant,
pre,ented entire to tZlent of the deposit of £1 per ~hare, be
ic,ceipt arts return it (),sailkers, who will sign and detach the
The s,rn specified in tl,h,e scan
as may be nceef,aary, will:11re receipt or wich portion of it
account of the the full depc,,,et %gained by the Directors oa
of Shares and ;El per obil•atio°' X 3 per Share on the number
tions Alilch may be allo.im txo' I]z the nuns
of Obliga-
e applicant, and will be
11 ible to forfeiture by the birecto
depos!t of .£'
3 and £1 respectively tors if the residue of such not Paid at the lime to
be stated in the notice of allotment.
wepioluabtaeh es, and
if uxuRTANT waisßEfts, Au
the use of
NA Eyebrows produced in a few
ties
'ELLIO FT'S 'PONIC LOTION, the stirdala,rtitiraparaokoz
of Which are unfailing in their operation.
invites a trial from the most sceptical, that they ma 4-itott
Vince(' of its iafallible power. Price 3s. ad., tis. nd.3,710e.c7-
and •zls. Forwarded on receipt of posta E,,e stainps.—ThOina"
Xliiot t hairgrower (first floor), 51, Fenchurch-street T. E. ' :
.
Wigs, il 10s.

N°. 22,099,

THE BANK OF 0 !AGO (LIMITED).
NEW ZEALAND.
Incorporated under " The Companies' Act, 1,62," which
limits the Shareholder's liability to the amount of his shares.
Capital, £50,000, in 5,C00 Shares of £lOO each
(with power to increase.)
Dep-sit, Ll per Share on Application, and a further pay-
ment of C.,4 per Share on Allotment.
Calls not to exceed £5 per £lOO Share, nor to be made at less
intervals than three months.

It is not intencbd to cal tt:, more than £5O per Share.
Power is taken in the Articles of Asscc ation to reduce the
nominal amount of the shares to such amount as may
hereafter be deemed advisab:e.

DIRECTORS.

G. H. Donaldson, Esq. (Messrs. Dona'd4rn, Lambert, and
'O.), Director of the Agne and Un ted Service Bank Limited.
Alexander Lang* Elder, Esq., rchurc'l Buildi s (Director
of the English, Scottish and Austitt'ian Chartered Bank.)
S. B. Edeebor,u2h, Esq., (Messrs. S. B. lidenborough it Co.),
Dire •tor of th, Impe ial Bank Limited.
John 11. rbottle, Esq., A lthrman's Walk.
Alexander Morrison, esq , Pengelly House, Cheshunt, for-
merly of Messrs. John Glads r ne and Co.
Jo, eph R. Morrison, Esq., late of Messrs. James Morri-
son and Co., Director of the Chartered Bank of India, Aus-
tralis, and China.
J. D. Thom.on, Esq., St. Peter's Chambers, Cornhill, late
Director of the Cape of Goed Hope Bank.
BANKERS IN LOND N.
The Imperial Bank Limited: o. 6, Lothbury.
BANKERS IN SCOTLAND.
The Linen Company.
BANKERS IN SYDNEY AND MELBOURNE.
The English, Scottish, and Australian Chartered Bank.
BANKERS IN ADELAIDE.
The South Australian Banking Company.
SoLicrrons.
Messrs. Hughes, 3lasterma,, and Hughes.
BROKERS.
Messrs. P. Cazenove and Co.
SECRETARY, pro. tem.
William Greig, Esq.
TEMPORARY OrricErs : 17, Bucklesbury.
ABRIDGED PROSPECTUS.
The Gold Fields of Otago, of ened in 1861, gave New Zea-
land an impulse. which bids fair to place it among: t the fore-
most of the British Colonies.
For the year 185.5. the total Exports and Imports
of New Zealand were....
For the year 186"/ .....
...
..................
For the year 1861 2.137 286
3,861,05
For the three quarters ending 30th Sept., 1862
In 1811 £72',318
In 1862 1,510.708
The latest accounts show that the same ratio of increase is
being maintained. 'I ho following is an extract from the
Melbourne correspondent of " The Times," published in
that psver on the 13th April, 1863 :—The weekly pro :notion
(of Gold) in the province of Otago ranges from 12,000 to 15,000
mnces, and new fields are opening out in all directions "
The rapid increase in the export of WOOL from NEW
ZEALAND is remarkable:—
In 1855. it was 1,417,200 lbs.
In 1858, „
In 1861, „
In 1862,
Notwithstanding these facts thereis but one Bank especially
est ,blished for New Zealand (having i s Head Office at Auck-
land), with a pa'd up capital of £250,000; and the only other
banking facilities are derived from mere Branches and Agen-
cies of Institutions whose chief business is in Australia, where
their capital is mostly em 'toyed.
The Bank of New Ze eland (established in 1861) declared, in
the first year of its existence a dividend at the rate of 8 per
cent. ; but its actual net profit for the year wan much larger.
The Bead Office will be in London, the Chief Branch at
DUNEDIN (OTAGO), and Branches or Agencies w.ll be
est& Its ed at stun other settlements as the oir.ctors may
from lime t.) time deem advisable.

The progress of the exi
exhibited in the following

[sting Colonial Banks is strikingly
table :

Name of Bank.

Paid up
t apital.

Paid up 'Present Price
per share. I per share.