The Sun.
London, England, 1863-07-03 00:00:00

IMPERIAL PARLIAMENT

HOUSE OF LORDS—Last Evening.
The LORD CHANCELLOR took his seat on the woolsack
at five o'clock.

PRIVATE BUSINESS.
The Peterborough,Wisbeach, and Sutton Railway—Lon-
don and North Western(additional powers) Railway—Great
Eastern Railway—Bonelli' s Electric Company—Tam worth
a•ad Harrington Bridge Roads—Madras Irrigation and
'Canal Company—Wakefield and Aberford Roads—Scot-
tish North Eastern and Dundee and Arbroath Railways

Amalgamation—Lynn and Sutton Bridge Railway—
Standedge and Oldham Turnpike Trust—Newhaven Har-
bour and Ouse Lower Navigation—Wakefield Ings Road

arid Hadlow Railway Bills, were read a second time,

THIRD READINGS.
Aberystwith and Welch Coast Railway—Tendring Hun-
dreds Railway, and London, Brighton, and South Coast
Railway (Extensions and Alterations) Bills were read a
third time and passed.

THE INDIAN NAVY.
The Earl of ELLENBOROUGH presented a petition
from the naval and military officers of the late East India
Company's Service, complaining of certain injustices that
had been practised upon them in the =atter of pensions and
compensations, and praying for a commission of inquiry.
The Duke of ARGYLL said he thought the officers in
the late East India Company's service had been very libe-
rally dealt with under the new regulations of the Govern-
ent of India. In all cases the pensions awarded were

,considerably over those awarded in the Royal Navy, and
in many cases officers had been awarded pensions which

were not given in her Majes,y's service. Under all the
circumstances he did not think there were any just ground

for complaint.
BRITISH COLUMBIA BOUNDARIES BILL.
The Duke of NEWCASTLE, in moving the second
reading of this bill, took the opportunity of referring to the
improved prospects of Vancouver's Island, because a belief
existed that this distant dependency had never prospered,
and, what was more, never would. He said that the re-
moval of the authority of the Hudson's Bay Company had
been attended with the best results, as there had already

been a great improvement in the state of the colony,
and in a few years it would, without doubt, become
a place of great importance. Although it had only
?c,,en founded four years, he had great satisfaction in inform-
ing their lordships that the name of Vancpuver's Island

would never again figure in the estimates of the House of
Commons. He cousidered this a great credit to the legis-
lature of the country. During the last year the revenue
had doubled, and during that time no less than 1,000 miles
of roads had been constructed—not of a temporary descrip-

Lion, but of as good a description as would be found
in England. Last year the revenue from these

roads amounted to no less than £lO,OOO, but
gratifying as the result was, it was confidently expected
that the amount received this year would be not less than
£20,000, thus enabling the colony to repay the loan of
£lOO,OOO in about 5 years, when good and substantial roads
would be open up to the foot of the Rocky Mountains. An

arrangement was in progress between the Governments of
Canada, British Columbia, and Vancouver's Island, for the
purpose of making a telegraphic communication which,
taking advantage of the roads made and being made, would
complete a line of telegraph across the entire continent. This
would be done by the colonies themselves. There would be
no guarantee by the British Government. There was also
a plan in contemplation, called the Intercolonial Railway,
which would connect the Atlantic and the Pacific oceans
through British North America; and when they considered
the results to which such an opening would give rise, their
expectations of the grand future which was before the
British colonies in North America could hardly be too san-
guine. There were certain gentlemen in the City who had
made arrangements to buy up the shares and rights of the
Hudson's Bay Company for £1,500,000. They had applied
to the International Financial Association for an advance,
to enable them to pay down ready money for the purchase,
and the arrangements had been finally made that very even-
ing. The International Financial Association had merely
interposed to aid the purchasers, and the new proprietors
were resolved to open up the country under their control.
He mentioned these facts, as he had heard that some noble
lords intended to question him upon the reported purchase
of the property of the Hudson's Bay Company. But, in fact,
it was no purchase. It was a mere transfer from one set of
shareholders to another, and the new proprietors had secured
the valuable services of Sir Edmund Head, who had con-
sented to act as governor.
The Earl of DONOUGHMORE thought the house
and the Government ought to be very careful about what

they were doing. The Hudson's Bay Company was a