The Sun.
London, England, 1830-04-10 00:00:00

THE FUNDS.

We have no arrivals this morning of any description,
which must be owing to the prevailing easterly winds at sea.
Consols, which left off on Thursday at 931 for the
Account, open,d at 93i !,-; but on some large purchases
being made, they got up to 931 a both for Money and
time, and 931 for next Acccount. The market at present
appears firm.
Some accounts from Paris state that the Ministry have
not as yet decided on the dissolution of the Chambers.—
The Liberals wish for the re-establishment of the Parisian
National Guard ; but the Journals in favour of Villele
say, ‘, what is the use of the National Guard, while all
remains tranquil, and the laws exist; a National Guard
only answers to maintain order, and to prevent robberies
and assassination.

The Foreign Market at present is devoid of all intereA :
nothing doing.

ENGLISH FONDS.
Bank Stock, 216 17 31 per Ct. 100
India Stock, New 4 per Cent., 1021
3 per Cent Cons. 931 1 4 per Ct. 1826, 10441
Do. for Account, 93 1 India Bonds, 82 83
Ditto Reduced, 92ii- Excllequer Bills. 80 81

TWO O'CLOCK.

In regard to political information we have none to the
present hour; still the Funds are animated, with an im-
provement from 931 to 93i / for the Account, and 93/ /
for next time. It is supposed that there are great Bears
in the house, who are getting into stock against next Fri-
day, which will be settling (lay in Consols. Consols may
be quoted at present 93i sellers, and the same for money.
We understand that in consequence of the Life repeal
of Excise duties, 200 men will be transferred from the
Excise to the Custom-house by July next, and will retain
their former salaries.

A report prevails that France and America are not at
present on the best terms. The Algerine expedition pre-
vents France from showing her teeth at present.
In the Foreign Market, Brazil and Spanish Stocks have
rather improved. Greek Bonds are not quite so good.
.111?E.E O'CLOCK

Consols 931.
FOUR O'CLOCK.—CLOSING PRICES.
Consols 931
Do. for Ac, 93i
Brazilian Bonds ?1-
Buenos Ayres 33}
Chilian Do. 26
Columbian, 1824, 22}

Danish 7,5
Greek, 1825 44+
Mexican, 1825
Peruvian 22
Russian 110/
Spanish 16i

THE
KING.—We felt it to be our duty last
week, to notice the slight indisposition neder which his
MAJESTY was labouring—a renewed attack of cold ; we
rejoice to Bay every unpleasant synoom has vanished, and
our beloved Monirch is restored .to perfect health.—
Berkshire Chronicle.

WINDSOR, APRIL 9.—This forenoon the
KING, accompanied by the LORD STEWARD, Lord and
Lady STRATHAYEN, and his household suite, attended
Divine Service in the Grand Music Room. The Bishop
of CHICHESTER officiated. The Rev. Mr. SEYMOUR
assisted in reading the Lessons of the day, and the party
of the private band selected on the occasion performed the
Hymns and other pieces of sacred music appropriated to
the day. Yesterday afternoon, at half-past two o'clock,
the KING, accompanied by the Loan STEWARD, left the
Castle, in his poney phaeton, followed by a part of his
distinguished attendants in another phaeton. His MAJESTY
on leaving the C title proceeded by the Home Park and the
private drives by Frogmore Lodge and the new plantations to
the Royal Lodge, where he inspected the improvements car-
rying on, and from thence proceeded, by the Obelisk, to Vir-
ginia Water and Belvidere, returning by China Island, Sand-
pit-gate, Queen Anne's Ride, and Sheet-street-road, to the
Castle, where his MAJESTY arrived at half-past five o'clock,
and at seven o'clock honoured his distinguished attendants
with his company to dinner. Yesterday afternoon Lord
and Lady STRATHAVEN arrived at the Castle, on a visit to
his MAJESTY, with whom they will have the honour of
passing the Easter holydays. Yesterday afternoon the
Bishop of CHICHESTER arrived at the Castle, and had the
honour of dining and passing the evening with his MA-
„rem-, and will continue his visit until Monday next, as
he will administer the Sacrament, with the usual solem-
nity, to his MAJESTY, on Sunday. His MAJESTY, we
are happy to state, is daily improving in health.
It is said that Mr. C. WRIGHT, in addition
to his other numerous speculations, is bidding for the pro-
proprietary of Drury-lane Theatre.
SYDENIIAM, OR MEMOIRS OF A MAN OF
THE Wortr.n.—This novel, which is at present exciting so
great a sensation in the upper circles, is supposed to he
the autobiography of a certain well-known Baronet. Be
this as it may, it may be pronounced to convey the most
complete picture of the fashionable world that has yet
been given to the public. The terrible artillery of th,•
writer's wit and satire is made to bear upon its vanities
and vices with extraordinary effect. The intrigues—the
perpetual struggles for pre-eminence--the heart- burning'
of the unsuccessful—the manoeuvring mother—the faith-
less wife—and the desperate gambler—are pourtraycd to
the life. Notwithstanding the daily inquiries as to the
author, he still continues incognito. That he should wish
to remain so we are not surprised, when we consider the
many unpleasant dilemmas to which he might be exposed
on coming in contact with those whose portraits he has so
satirically bit off in the work. •

~ ` R ,
P~ s

THE DISTILLERS FROM CORN SPIRITS

In the trade regulations which are contemplated-by the •il,;'3
Chancellor of the Exchequer, those affecting the Distil-•'°,ls:,
!era from Corn Spirits are the most important, not only in
their amount, as an augmentation of the taxes which are
to press upon a large class of capitalists, but in their con-
tingent operation upon tie agricultural interests.
With the two great classes so involved, the Capitalist
and the Agriculturist, are necessarily connected the nume-
rous operatives who are dependent on both.

The fiscal regulation announced by the Chancellor of
the Exchequer is, that an additional duty of one shilling
per gallon be imposed upon home-made spirits in the 1-41
English market. The supposcd idea of this impo,ition is
to concede something to the belief that the consumption

of ardent spirits is an injury to the public morals—. .r,t
this cannot, however, be the Chancellor of the Excite— -S-
-pier's plan; for he omits to impose upon Rum in his ''',l
new schedule any additional tax, and, therefore, he keeps in
..1
the market a liquor which not only comes in in a finished ...jil
state, but is also caplble of being converted into all the ~I
purposes that Corn Spirits can be for consumption. The --'1
Right Hon. Gentleman, therefore, must be supposed to
take up the subject as an item of revenue, and in that
view how does the question stand?
In the year 1825, the Distillers from Corn Spirits,
after a full investigation of their case isy Lord Goderichs
came to a perfect understanding that they were entitled
to a protecting duty of Is. 64. a gallon in the market, '. i
against the competition of Ruin ; and, at a late interview, "
which sonic of the gentlemen principally concerned, who
were parties to making the arrangement with him in 1825, I

hod with his Lordship, he distinctly admitted, net only
the correctness of that understanding, hut also the equity,

of the principle upon which it was fixed—adding, that
were lie now to make a regulation upon the subject, ho
would do exactly the same.
Notwithstanding this comparative scale of protection
for Corn Spirits, the official returns of the last year shew
that Rum has gained in the market, as follows
CONSUMPTION OF RUM AND BRITIS/I SPIRITS INT
ENGLAND.
For the year ending sth January, 1830 Rum 3,302,143
Ditto sth January, 1829 do.
Increased Consumption for the year ending Jan. 5, 1830... 237,257
(See Parl. Paper. No. 211,, 29th March, 1830.)
For the year ending sth Jan., 1829 ... British Spirits
Ditto Rh Jan., 1830.., do.
Decrease on British Spirits in England, for the year
ending Jan. 5, 1830 58,9219
(See Parl. Paper, No. 211, March 29, 1830.)
Average price of Barley for 5 years, from 1820 to 1921 ... 291. Od.
The same average for 5 years, from 1825 to 1829 31s. 9d.
Average Advance on the price of Barley, in the last 5 years ss. 9d.
(Sec Parl. Paper, No. 154, March 13, 1830.)
The Corn Distiller is at this moment, perhaps, the only
direct trailer who assists to find a market for the two
classes who are most bereft of one. And it is just at such
a time that the Minister steps in, to impose an additional
tax of one shilling a gallon upon Corn Spirits, while he
leaves Runs, already making its way with corm -,,;.s
parative advantage in the market on the old terms,
untouched by any increase of duty. The Right
Ilonoorable Gentleman knows as well as any map
that large as the capitals engaged in the Corn Spirit Trade

always were, they became greatly augmented in conse-
quence of the law of 1823. The English distillers alone
say, that upon the faith of that change they incurred al- .

terations at an additional expence of 250,0001., indepen-
dent of those by the Scotch and Irish distillers, who be;
to make corresponding arrangements for their trade in this; '1
market, at a very considerable expence to themselves,
which they never would have incurred unless they had
thought this arrangement was to have been permanent.
Indeed, instead of having to contend with this shilling of
proposed additional duty, they might have hoped, from
the relative state of the market last year, as between
Rum and Corn Spirits, and more particularly.:
from the intended reduction of the Beer Duties,
which must undoubtedly increase the competition with

their trade, that if the Chancellor of the Exchequer were
to interfere at all, it would have been in the way of a re-
duel ion of duty on Corn Spirits in England.
The Right Hon. Gentleman likewise knows that the
Home Distiller, independent of the extensive employment
he confers in his own works, is an immense consumer of 4.

agricultural produce, particularly of that portion of it
(stained barley) which without him would not find
market. Besides, the refuse of the Distillers' grain largely'
provides for the adequate supplifs of our meat markets,

and in the feeding of the cattle so supplied a valuable
quantity of manure is accumulated, for the restoration and

cultivation of the soil.

If the Chancellor of the Exchequer persists in carrying
forward this measure, it is not alone the ruin of these

capitalists which will be the result ; but it Will, by sub-
stituting West Indian fer Corn Spirits, at once deprive
the landed and agricultural interests of an important

market for their grain. They should, therefore, see the
necessity without delay of expressing their sentiments to

the Legislature upon a subject which so deeply involves

their most vital interests.

THE SPIRIT TRADE.

(From the Edinburgh Evening Courant.)
STATEMENT OF FACTS, SHOWING THE IMPOLICT AND IN.
JUSTICE OF THE ritantaxsicit PROPOSED TO RE GIVRti
TO RUM OVER BRITISH SPIRITS IN ENGLAND.
Afterduty
on
u Britishuchin spiritsquirya in Englanddcons was
iderationafixfeed few
aty 7s.ear per
years ago,
the
gallon, and that on ruin at es. 6d. per gallon; It is now r
proposed to increase the duty on British spirits to es. per
gallon, and to leave the duty on rum as before, making
difference of only 6d. per gallon between British spirits
and rum. It has always been the policy of the Legislature
to protect the home manufacturer of spirits against the
competition of rum and other spirits, because while it is
matter of notoriety that the corn and labour required in
the manufacture of British spirits are heavily taxed, the
raw material, from which rum is produced, namely, the
refuse of sugar, pays no tax whatever. But the proposed
increase of the duty on British spirits entirely depriveithe
home manufacturer of this necessary protection, as will
clearly appear from the following comparative view of the
respective prices at which rum and British spirits can be
brought to market wader the proposed alteration of the
duty
_

The price of rum is at present Is. 9d. for the imperial
proof gallon; adding the duty of Be. 641., it will be raised
to 10s. 3d per gallon. Even at present, when grain is
so cheap, British spirits cannot be made at a lower rate
than 2s. 6d. per gallon; and the duty of Bs. raises the
cost price to 10s. 6d. per gallon. Spirits made from malt
are liable to a farther duty of I 3. 2d. per gallon when sent
to England, msking the cost of spirits distilled from malt
and sent to England 11s. Sd. per gallon.
From this it appears that rum can be sold at 3d. per
gallon less than raw grain spirits, and at 11.5 d. per gallon
less then malt spirits. Can it, then, be doubted, that'll
with this advantage, rum will supersede the use of British)
spirits in this country ? This is truly the object aimed
at, however it may be disguised, and the monopoly of the
market of Britain for the sale of rum is openly stated, by
the influential friends of the British planter, as a desirable
result. It is well known that, at the present momeat,
there are twenty thousand puncheons of run in the Lon- .
don Dock, ready to be brought to market the momeat the .
and o
increased duty on spirits takes effect. There is another
material circumstance in favour of rum, namely, that,
when it is taken out of bond, it is only on the quantity .
actually in the cask that duty is paid, while the home dis-
tiller, on taking his spirits out of bond, is compelled to
pay duty on the whole quantity originally in the cmk•—.-•
This advantage is estimated to amount to 4d. per gallon.
It may be supposed, by
those
n agriculturists
acquainted with
(whosethe
interests are identical) cannot be so immediately injured,
by the proposed alteration as they apprehend, became the
public taste cannot suddenly change from whisky to rum.'
But this supposition must at once lie held groundless, when
it is stated, that it is to the rectifier that the whole of the
whisky from Scotland is sold, and that to him rum, if it
be as cheap, is equally valuable ; if cheaper, it will to a err.
taiaty be preferred. We may just add, in order to show,
the extent to which the manufacture of spirits is carried
subject, that the home distillers
on, and its importance to the country, that, in the four
years preceding the sth of January, 1830, the average con-
sumption of British spirits in England was about 7,4000,0
gallons per annum, nearly one-half of which was sent front
Scotland, and principally from the counties of Mid-Lothians
East Lothian, Clackmannan, and Fife.
Since the year 1826, rum, although paying' a duty of
Is. 6d. per gallon more than British spirits-has itaoriasel;