The Sun.
London, England, 1839-09-26 00:00:00

THE SUN, LONDON, THURSDAY, SEPTEMBER 26, 1839.

navy, farmers of the better class, and individuals I
who have been engaged in commerce. Their re-
moval with their families to this distant country,
and the numerous difficulties they have had to en-
counter, afford no unimportant evidence both of the
respectability of their circumstances and of their in-
dependent and enterprising character. The landed
property of the island is almost exclusively: in their
possession ; for the most part, they have been un-
sparing in their expenditure of capital and industry
upon the improvement of their farms."
The number of churches and chapels in the
colony, existing and in progress, amounts very
nearly to 40, exclusive of the means of religious in-
struction provided for the convict gangs in Govern-
ment service, and exclusive also of many stations
where there are no churches, but where the ordi-
nances of religion are regularly dispensed by Clergy-
men or Catechists. One-half of these churches and
chapels have been built within the last five or six
years, many of them with only partial assistance
from Government, and others with no Government
assistance at all. With regard to education, there
are in the allotted townships throughout the colony
public schools, with Government salaries ; there are
besides several independent establishments for the
education of the youth of both sexes, and private
tuition is very generally adopted by the more wealthy
families. The means of education, however, are
still extremely inadequate and defective, a fact of
which the colonists themselves are deeply sensible,
and which, with the co-operation of Government,
they expect soon to be remedied." _

This is the testimony of the Wesleyan Mi-
nister :

I have the honour to concur fully in the senti-
ments which his Excellency the Lieut.-Governor
has been pleased to express on the points in ques-
tion ; to which sentiments it will be my constant
study to give the fullest circulation, and thus bear
my 'humble testimony in behalf of a branch in this
community, from whom I have received every mark
of attention and encouragement in my ministerial
pm suits."

The Secretaries of the Congregational Union,
comprising four Independent churches, thus express
their opinions :

" We cannot hesitate to express our conviction
that the statements which have appeared in the
public papers in England on this subject are in a
very great degree inaccurate and unfounded ; we
readily attest that, as it regards social order and
decorum, and a disposition to sanction and to sup-
port the institutions of religion, the free population
of this country not suffer from comparison
with the general character of the community in any
part of England. We also conceive that the de-
moralised condition of the prisoner population, and
the injurious effects of their intermixture with other
classes, have been greatly exaggerated. We are
informed that religious and respectable persons in
Great Britain have been deterred from emigrating
to our shores by the fear of exposing their families
to the moral contamination which they have been
ied to regard as inevitable, so that we have thus
been deprived of the addition of valuable members
to our community by the impression which has been
produced in England relative to this colony. Feel-
ing deeply solicitous for the land of our adoption,
we cannot but be anxious that this har to our pros-
perity should be removed. We wish it to be un-
derstood by the moral and religious portion of the
community in Great Britain, that whilst we de-
ploreb the evils which really exist in this colony, es-
pecially the inadequate supply of religious instruc-
tion, the
prevalence of a worldly and contentious
spirit, and the existence, in many quarters, of in-
temperate habits, we cannot but protest against the
assumption that this is a land of unparalleled pro-
fligacy and crime, and we trust that the members
of the community will ever be concerned by word
and by deed to repel an imputation of such a cha-
racter."

After these testimonies probably our emigrating
population will feel less repugnance than before to
seek Van Diemen's Land. No doubt if the Hindoos
could read the English newspapers, they
as ready to refute the calumnies of the Bishop of
London, as their generous and faithful friend, Sir
Charles Forbes, was ready to do it for them.

MONEY MARKET and CITY NEWS.

(WEDNESDAY EVENING.)

TIM ES.—The pressure for money has been expe-
rienced with more severity at the Stock Exchange to-
day than for a considerable time past, and as much as 8
per cent. has been commonly paid on the best securities
for short periods. The recent accounts from the United
States appear to be viewed by the monied interests of
the City in a discouraging light, in consequence of
which considerable amounts of American State and I
Share securities lodged with bankers and capitalists
against advances have made their appearance, and
been hawked about the market without finding pur-
chasers on acceptable, if on any terms. This arises,
of course, from the loans being called in, and may
be accounted for from the fact of the moneys ad-
vanced being wanted either for the current demands of
regular business, or for contingencies of probable oc-
currence, and the movements of the Bank of Eng-
land. What gives more currency to the latter suppo-
sition is the understanding, that not only have the ap-
plications for discount been of considerable amount at
the Bank, but applications have been made for loans
upon Bills and other securities by parties not usually
in the habit of applying for accommodation in that
shape. Altogether, the aspect of money affairs ap-
pears far more favourable, and in the early part of
the day more especially the funds, both home and
foreign, were affected by it. Consols, during most
part of the day, were 90i to 901 for money, and at
the close they were still quoted 90i sellers for
money, and 90i buyers for account. Bank Stock
was 187 to 188, for the opening ; India Stock, 248 to
230 ; Exchequer Bills, Is. to 3s. premium. The
decline in Consols since yesterday is equal to per cent.
A Report recently received in India from Dr. Lord,
who was attached to the mission of Captain Burnes to
Calm', contains some interesting statements respecting
the prospects of Indian trade with Turkistan, and its
present position. The trade is carried on chiefly, if not
altogether, through Bokhara, and it is likely to become
an object of greater interest, inasmuch as there would
appear no sufficient reason why that portion of the inte-
rior of Asia should be so largely supplied from the fairs
and frontier towns of Russia, when, in fact, the dis-
tances and the difficulties in the way of the transit of
commodities are greater, and therefore the charges
heavier from Bokhara to Orenburg, the nearest Russian
station, than to Cabul, Dera Ghazee, or Multan, on
the Indus. From Bokhara to Orenburg the distance is
equal to a two months' journey, and to Nishnei No-
vogorod, where the great fairs are held at which the
traders of Bokhara and other parts attend to buy in
their supplies, a further journey of 28 days. Whereas
from Bokhara to Cabul the distance is no more than a
common journey of 36 days, or is summer of 30 days
only, with a further 14 to 18 days, as the merchandise
may be destined for Dera Ismael, Dera Ghazee, or
Multan. To Multan the Indus is navigable for vessels
of some burden, and for small craft all the way to Ca-
bul. Although the merchandise, on its transport to
Turkistan, has to pass through the territories of various
petty chiefs, besides Cabul and Bokhara, in each of
which a small impost is exacted, yet the total of these
imposts was estimated at no more than about 5 per
cent., delivered at Koondooz, the chief town of Turkis-
tan. This estimate was applicable only, however, to
the lighter and more costly articles of produce or manu-
factures ; for on bulky materials, such as common dye-
stuffs, the same rate of taxation would amount to 100
pr cent. upon the commodities. So far, however, the
charges were favourable to the import into Turkistan of
the sorts of goods and the traffic which more especially
interested this country and our East India possessions.
Among the goods best adapted for profit and con-
sumption in the country, broad cloths, it is stated, corn-
'nand a " ready sale and good price ;" and it appears
that if better qualities than those usually despatched for
the Bokhara trade were sent, they would be likely to
meet a better market.. The colours most in vogue were
" scarlet, sky, garter blue, and bottle green." A " bright
yellow would be well suited for the taste of those in-
habitants who delight in gaudy colours, and is said to
be preferred for saddle-cloths.' " By the elder and
graver sorts of people a drab colour obtains a pre•
ference. In the single bazaar of Koondooz the sales
of broal cloths was estimated to amount to no
more than about 6,000 to 10,000 rupees a year.
British chintzes and other cotton piece goods had
already found their way through the facilities
of water communication in some quantities, and a
large increase might be looked for in the consump-
tion since those facilities have become better un-
derstood, and, by an improved understanding with
the native powers on the banks of the Indus, can be
fanwpd up. The stronger
fabrics, it is said, such as nankeen anu
now supplied from Russia. It it hoped, however,
that these descriptions may not be furnished by the

Indus and at the Indus fair on more advantageous
terms, allowing even the 30 per cent. profit, which
is the common calculation of mercantile transactions
with the Bokhara traders. Fustian, with " watered
or damasked patterns," such as are common here on

" moreen furnitures," are most in request, anc
t
rcowaofcoutußnultrodrikni formres a
skillth surrounding,l
altebree sati investment. vaecnist sotein
veryini
nst.
bTelulAoirewklvt,ilesl
dottaiulnnga
that
at
ndi Idiel
difficulty
ocsetui:l,l:te y
-sr
would be found in supplanting them, as the " manu-
facturing
even weave a handkerchief entire, if more than
an alcheen' wide." They are then woven in
breadth, and stitched together afterwards. The
Bokhara silks contain an admixture of cotton, and as
substance is a matter of taste and habit, it must be
considered in any silk fabrics sent there for sale. In
hardware, " cast-iron pots" are greatly in use, and,
being a perishable article, the demand is constant,
as no house can be without them. It is observed that
the whole of this branch of supply might be fur-
nished hence, as the " freight of a ton of iron
goods from England to the mouth of the Indus is
considerably less than the hire of a camel to bring a
quarter of a ton from Orenburg to Bokhara." Bar-
iron, steel, copper, and tin, in the same manner,
could be all supplied hence, when the market is once
fairly opened. Razors, penknives, scissors, and cutlery
in general would meet a ready sale in moderate quanti-
ties, but prices must be low, as the high rates demanded
have hitherto been a bar to consumption. " Penknives
with many blades" and small scissors would he pre-
ferred. In teas, also, a considerable traffic is antici-
pated, as the use of it is general and on the inereaie
throughout all the interior of Cabul and Turkistan,
Very inferior sorts, however, were used, from the ex-
travagant prices of the better qualities. Good green
tea was two rupees per pound, and better could be pro-
cured at Bombay, by retail, much lower. Sugar, paper,
indigo, and other kinds of produce were also in request.
Common glass and China ware, with restrictions as to
quantity, would find a fair market. The China ware
should be " rather bowls than cups, the glass '()Teen and
white bottles, with small common mirrors. In Bokhara,
cast and cut glasses are highly esteemed, and would
fetch a good price."
The exports from Turkistan to Bokbara are at pre-
sent " slaves, furs, and sheep ; to Cabul, gold, silk
L cotton, sheep, and horses." The average quantity o'
gold, however, was said not to exceed 1461b5. troy, but
this was merely the amount registered, and upon which
duty was paid. Production of all kinds would, how-
ever, very naturally be increased in countries of vast
extent and fertility when a demand was excited for
returns against imports.

CHRONICLE.—Some doubts having been enter-
tained as to whether it was the intention of Messrs.
Rothschild to take' up the bills refused acceptance by
Messrs. Hottinguer, it may perhaps be satisfactory to
state that they have already come forward for that pur-
pose, and have intimated by letter to those quarters
where they were held their immediate readiness to do
so, which removes entirely any apprehension on the ,
subject.
Money has again been very scarce to-day at the
Stock Exchange, and a decline has consequently taken
place on most descriptions of British securities. The
uncertainty respecting an average harvest, owing to the
wet weather of the last fortnight, and the position of
monetary affairs at present, are altogether such as to
occasion much uneasiness, and want of confidence has
considerably increased since the last return from the
Bank of England, showing the stock of bullion to have
been under 3,000,0001., more especially as it is generally
supposed that the real state of :he case is much worse
than what is presented in that average statement. Be-
sides which, the power possessed by the Bank of drawing
largely upon Paris had not produced so great an effect
upon the exchanges as was anticipated ; since, instead
of causing a gradual and continued advance, the Bank,
it appears, has great difficulty in preventing a decline,
which has been the case in several instances for the last
two or three posts. Consols for money were last marked
at 90i to 1, and 90 to 91 for the Account ; India
Stock, 249 to 2.50 ; Exchequer bills, Is. to 3s. prem.

ence that renewed speculation and jobbing in the Penin-
sular and Transatlantic Bonds will have upon it.

ADVERTISER—As we anticipated a day or two
since, the Bank Directors have come cautiously into the
market as sellers of the unfunded debt, a most judicious
measure under existing circumstances, and one which
we trust they may be enabled successfully to carry out
without materially depressing its value. The premium
to-day fell at one period from ss. to Is., but subse-
quently rallied to Ss. Consols, still influenced by the
weather and a temporary scarcity of money.