The Sun.
London, England, 1853-03-17 00:00:00

AT a numerous and highly respectable MEET-
ING of MERCHANTS and TRADERS of the CITY or
LuNDON, herd at the London Tavern, on Monday, the 14th March,
1853, _ .

JOAN MASTERMAN, Esq., M.P., in the Chair,

It was proposed by J. Horsley Palmer, Esq ; secondad by Samuel

Gregson, Esq , M.P.,

That in the opinion of this Meeting tho present duty of 2s. 2 d.
per lb. on tea, or from 200 to 250 per cent., is a most oppressive tax
upon an article of universal consumption, which enhances the price
so considerably as seriously to limit the demand, and that su h is
directly opposed to the established commercial policy of this coun-
try. That the effect of this duty upon our commercial relations
with China is prejudicial in the highest degree, inasmuch as the
trade being principally one of barter, our exports of British manu-
factures are dependent upon the extent of our imports from that
country—it may, therefore, be fairly expected that our trade would be
materially increased, were there a considerable augmentation of the
returns at present received from China. That a large reduction of
duty is important, inasmuch as tea is a favourite article of consump-
tion with the great mass of the people, whose comforts and social
habits would be promoted by placing within their reach an accept-
able and wholesome beverage at a reasonable price. And further,
that as a Parliamentary Committee, in July, 1847, after a length-
ened inquiry, recommended to the House of Commons a considerable
reductions of the duty on tea it is highly expedient at this time to
urge the Chancellor of the Exchequer to re-consider the Report of
the Committee, with a view of submitting to the house a proposal for
carrying their recommendation into effect.
It was proposed by W. Crawford, Esq. ; seconded by Hugh M.
Matheson, Esq.,
That inasmuch as protracted discussions upon alterations of duty
detrimentally affect the interests of all parties both here and abroad,
promote undue speculation, and tend to diminish the amount of
duties received for the revenue, it is highly desirable that any reduc-
gon Airregarcis the tea Awes ii1404-teLe4frent.*th.the
least possible delay.
It was proposed by G. T. Brain, Esq. ; seconded by Lewis Huth, Esq.
That as regards the extent of reduction, this meeting is fully
Im-
pressed with the importance of its being of such a magnitude as would
secure to the people a difference in price sufficiently important to en-
sure such increased consumption as would promptly restore any

LOANS OR kNTED.

LONDON EXCHANGE ADVANCE FUND,
2, Adelphi-terrace, Strand, facing the river ; City Branch, 3,
Old Broad-street, City.
Tho Right Hon. Lord ERSKINE, Chairman.

Loans advanced, in sums of 101. and upwards, granted on a joint
promissory note, repayable by easy instalments, or on the deposit
of deeds or other available securities.
Bills of exchange cashed at moderate rates of interest.
Forms of application may be obtained at the Offices, or on fof ward-
ing 12 postage stamps. WM. BROOKS, Secretary.

„...
temporary deficiency in the revenue.
It was proposed by Richard Twining, Esq., jun.; seconded by John
Entwistle, Esq.,
That the following Memorial be signed, for presentation to the
Right Hon. W. E. Gladstone, conveying to him the views of this
Meeting on the subject, and that the same be handed to him by John
AI ast erman, Esq. M.P., and Samuel Gregson, Esq., M.P.
It was proposed by J. Ingram Travers, Esq. ; seconded by Jas. Lay-
ton, Esq„
That the cordial thanks of this Meeting be given to John Master-
man, Esq., M.P., for his conduct in the chair this day, and for his
ready attention at all times to the wishes of his constituents.
To THE RIGHT HON. WILLIAM EWART GLADSTONE, t,1.P., CHAN-
CELLOR OF HER MAJESTY'S EXCHEQUER, &c.
The Memorial of the undersigned Merchants and Traders of
the City of London.
Showeth,—That your Memorialists are deeply interested in the
trade with China, or engaged in the sale of tea.
That your Memorialists consider the present duty charged upon
tea to be exorbitant a..d oppressive, and most inconsistent with the
avowed commercial policy of the nation, of securing to the mass of
the people all necessary articles of consumption at the cheapest pos-
sible rate. •
That this excessive duty interferes most seriously with the con-
sumption of tea.
That the natural development of the China trade (in most in-
stances
one of barter) is greatly impeded by the imposition of a high
duty upon ono of the principal articles of import, as the extent of
British manufactures to be introduced into that country must be
regulated by the returns of China producis which we are enabled to
consume
That your Memorialists consider that could returns be taken from
China in sufficient quantity, the exportation of British manufactures
would be increased to an enormous extent, China being not only the
most populous country in the world, but its inhabitants are probably
the most dress-loving people and the most prone to the indulgence of
cheap luxuries of any nation with which we are acquainted.
That your Memorialists are convinced that the reduction of the
duty on tea will ensure a largely increased consumption of that
article.
That the loss of revenue occasioned by a reduction of duty would
be speedily repaired by Men increased consumption, provided the
reduction were sufficiently important to cause a sensible diminutiou
in the price, and one which would be felt by the mass of the people,
whose purchases, though made in very small quantities, are enor-
mous in the aggregate.
That the duties imposed by the Chinese tariff on British goods
varies from 5 to 7 per cent., while the duty on tea, their staple
export to Great Britain varies from 200 to 250 per cent.—a fact
which should induce the Government of this country to take the
earliest opportunity of lessening the excessive duty now charged
thereon.
That independently of commercial views, the extended consump-
tion of tea in this country may be deemed a moral and social cm es-
tion of great importance. Tea yields a wholesome and agreeable
beverage to ever., class of the population, one that is increasingly
desired as a subs itute for intoxicating liquors, and is peculiarly valued
by the humbler classes, whose comforts would be increased, and
whose social habits would be improved were the cost of so important
. an article of consumption materially reduced.
That in reference to navigation, a large reduction is important.
Tea is a light and bulky article, requiring considerable tonnage in 1
proportion to its value; the continued emigration to Australia will
direct a large amount of sh,pping to the southern hemisphere, a part
of which, proceeding to China, would find profitable employment,
were a large additional quantity of tea required in this country.
Thst your Memorialists would further mention that during the
past sixyears, while the shipments of tea from China to Great Bri-
tain have only increased from 57,600,001 lbs. to 65,000,0001bs„ the ex-
ports of tea to the United States. where no duty is imposed, haVe in-
creased from 18,000,0001135. to 34.300,000 lbs., —a striking illustration
of the expansive power of the tea trade if relieved from burthensome
and oppressive duties.
That in our colonies and dependenCes where tea is free or lightly
taxed, the consumption is, in proportion to the population, in some
cases two, in others three to one more than in this country, a fact
which farther strongly illustrates the capability oi greatly increased
consumption.
In conclusion, your Memorialists will only refer to the elaborate
investigation into the working of the China trade by a Committee
of the House of Commons in 1847. The Report of that Committee,
which entered most luny and ably into all questions arising out of
this important br inch of our commerce, contain-A the tot owing re-
commendation to the house:—
"Your Committee think themselves warresded in recommending
to the house a considerable reduction in the duty on tea at the
earliest period which in Ls wisdom it may Lee fit, as most desirable
in itself, with a view t to comforts and the social habits of the
people, as involving bu a temporary lobs to the Revenue, and as
essential to the extens'o i or our trade with China, nay. even to its
maintenance at the poin. which it has already reached."
Uneer these circumstances, your Memorialists pray for a liberal
and prompt revision of the Tea Duties.
London, 14th March, 1853.
Baring Brothers and Co. W. E. Moffatt
Matheson and Co. J. J. Noyes
Palmers, Mackilloo, Dent, & Co. G. H. and J. F. Wulff
Fred. Huth and Co. Benj. Williams •
Gregson and Co. Joseph Rackley
Forbes, I orbes, and Co. Jobn Waring
Rawson, Norton, and Co. J. Crump:on
Peter Dickson and Co. Norton, Kilburn, and Co.
Sanderson, Frys, Fox, and Co. Russell and Co.
T. A. Gibb John J. Edwards
Ashton and Co. 11. C. White
G. T. Brains H. C. R. Macduff
R. Twining and Co. Charles Hawkins
Horrocks, Miller, and Co. Robert Archer
Gladstanes and Co. W. D. Beard
Peek, Brothers, and Co. Thomas Maltby
W. J. and 11. Thompson Charles Maltby
Layton. Hulbert, and Co. W. J. Bland
Elias and Co. Thomas How
J. Travers and Sons W. H. Williamson
Crawford, Colvin, and Co. Edmund Crawley
HAbsolom Crocker and Co.
T inlay, ,
Brand,
Hodgson,
and
Mitchell, Blain, and Co.
pant 1, Dickenson, and Co.
Lloyd, Matheson, and Co.
andC
Co o. . .
Charles and
Reiss, Brothers, and Co. Charles Ady Ilarris
Ilulbe:tCo.
Small and Co.
Smith, Kennedy, and Co.
Moffatt and Co.
Jos. F. Stackhottse
Finnic and Fisher
F. and H. Monkfle'
Arbuthnot, Latham, and Co. Robert R. It. Moore.d
Philpot and Buttevant
Thomas Watkins
It Gibbs and Co.
Lewis Brothers
Dallas and Coles Cornelius Pugh
Timothy Smith Thomas Howard
Ewart, Maccaughey,
James Moore
PhilliPPs, `haw, gild George Findlay
Hyde and Jones Robert Eanishaw
John Entwistle. Lowtherand Co
W. G. a spinall
Hayter and Howell
John Nicholson and Co.
Carlisle, Capel, and Co.
W. O. Young
R. Hillhouse and Sons Wm. Wilson
Mosul and Sons George Buck
Dclafosse and Wathen
George Samtsbury
Mitchell and Blain
John 11. Mason
Jos. Goddard and Co.
Charles II ipe
Thos. How and Sons
Wm. Weston
F. Clarance
Passam Smith and Co.
J. Deane, jun.
W. E. Franks, and Sons John Teesdale
Heath, Beatson, and Co. John Thorman
Robert Smith and Co. Wm. H. Alcock
G. Peabody and Co. John Pei' gle
John Ailverlock John Hawkins
Charles L. Fergusson Wm. Sentence
Rowley and Davies Edwin Hussey
Edwards and Sons Robert E. Warwick.
Davison, Newman, and Co. Wm. Pritchard
Parker, Son, and Pritchett R. B. Whiteside
Woollatt, Brothers, and Co. J. White
David Lloyd James CousenS and Sons
Fincham, Matson, and Co. Phillips and Co.
North, Simpson, Graham, & Co. Andrew Johnson and CO.
R. Heins ern and Sons
ITChoaerllweshHituinngt
Bennett, Brown, end Co.
W. Smith and Co. Robert H. Salmon
Miller and l,owcock John Towse, jun.
J. A. Alabiss and Co. Richard Gibbs, jun.
Geo. Duncan James Gilbertson
Chas. Watson William spottiswede
John Fletcher Betts F. Farnan and Sons
Chas. Barry and Co. W. Hanswell
C. Thorne

CONSOLIDATED LIFE ASSURANCE
COMPANY.
Life assurance, endowments, and annuities, on the most equitable
terms.

Persons In doubtthl health, or whose proposals for assurance hei
been declined nIAPSUACes, alisipgatilletulumacarefallyacljusted
tolbeltiirelisen

Loans granted upon every real security, and also upon approved
personal security, from 501 to 5001.
All claims payable within one month after satisfactory proof of
death. _

NOAH COLLIER, Secretary.

45, Cheapside.

. MUTUAL LIFE ASSURANCE.
PROVIDENT CLERKS' ASSOCIATION.
No. 42, MooRGATE-orgEET.

Established 1840.

TRUSTEES.

Thomas Baring, Esq., M.P. I W. G. Prescott, Esq.
Thomson Hankey, jun, Esq. I Baron L. be Rothschild, H.P.
Treasurer of the Benevolent Fund —John Abel Smith, Esq., M.P.
Every description of Assurance and Annuities granted
NINE-TENTHS of the PROFITS are divided every five years to
Assurers of three years' standing.
An important feature of this Association is, that Policies may be
made payable to the WIDOW, WIDOWER, and CHILDREN of
the ASSURED FREE of PROBATE and LEGACY DUTY.
A I'o Report of the Annual Meeting of the Association, held on
the 17th January, 1853, may be had on application at the Office, or
of any of the Agents of the Association.
The Directors beg to call the attention of the Public to the Report
of the Select Committee of the House of Commons on Friendly
societies, which states "their proceedings—viz., of this and four
other Societies similarly enrolled—had been very beneficial in
extending a knowledge of the advantages of Life Assurance."
The Benevolent Fund of this Association offers most important
advantages to Clerks Assuring by Loans and Gratuities.
Annuities also are granted to Members, as well as provision to
their Widows and Orphan Children.
In May next, Annuities will be granted, amounting to 1251., which
will make the total amount of Annuities given by this Association,
5801. By order of the Board.
PHILIP HENRY BYRNE, Secretary.
42, Moorgate-street, Jan. 28, 1653.
Commission allowed to Solicitors and others.

NEW FEATURE IN LIFE ASSURANCE.

THE DEPOSIT and GENERAL LIFE
• ASSURANCE COMPANY,

18, New Bridge-street, Blackfriars, London.
CAPITAL—ONE HUNDRED THOUSAND POUNDS.
DIRECTORS.

Chairman—The Right Hon. the Viscount Drumlanrig, M.P., P.C.,
Comptroller of her Majesty's Household.
R. Yellowley Barnes, Esq., 11, City-road, Finsbury.
G. Noel Clarke, Esq., late 17th Lancers, Junior United Service Club.
George Coode, E•q., Portland-terrace, Wandsworth, and Belvoir, St.

Helier's, Jersey,
Stephen Cracknall, Esq., 1, St. John's-gardens, Notting-hill, and 11,

i'ew-square, Lincoln's-inn.
W. Jones, M.D., Davies•street, Berkeley-square, and Lutterworth,

Leicestershire.
George Knox, Esq., 15, Connaught-square, Hyde-park, and Tor
Lodge, Statlorthhire.
Alexander Maclean, Esq„ Harrow-on-the-Hill.
David C. Poole, Esq., 32, Upper Seymour-street, Portman-square.
William Prinsep, Esq., 147, Leadenhall-street, and 8, Hyde-park-
place West.
Robert Andrew Riddell, Esq., Inner Temple, Barrister-at-Law.
Dr. Scanlan, 21, Upper Seymour•street West, Connaught-square.
Major Sperling, 14, St. James's-square.

AIIDITORS.

F. J. Bi:g, Esq„ 126, St'and, Actuary and Secretary to the Medical,

Legal, and General Life (Mice.
William Jones, Esq , Accountant, 3, Guildhall-chambers.
A. Peck, Esq., 8.A., Actuary to tile Engineers and Masonic Life
Office, 345, Strand.

BANKERS.
Sir Charles Price, Marryat, and Co., 3, Xing William-street, London,
Messrs. Hopkinson and Co., 3, Regent-street.

ON THE DEPOSIT SYSTEM.
Ifunable to pay, or not
desirous of paying or
omitting topay,thePo-
licy would still remain
of its FULL value,
522/.23.7d.ti1l death, if
20 years after, no fur-
ther payment beingre-
quired. Ifhowever the
party, from any cause,
wished to cancel the
Policy, he could not
onlydraw out all hehas
put in, viz., 2251., but
20 11.10 s Od 2251. 5221.257 d 2871. 2s. 9d, a certain bonus of 621.
2s. 9d. in the bargain,
which is more
than one-fourth of the
whole ofhis payments,
or he could either draw
out a part, 201. or 50/.,
diminishing the Policy
only by the assured
value of the sum so
drawn out at the age
when withdrawn. See
pagess and 7 in detailed
pamphlet, by
F. G. P. Nelson, Esq.

On comparison of these two tables it will be seen that a person
under the novel system of DEPOSIT assurance can secure the follow-
ing advantages, viz., / st. For a lees sum, paid annually, he can assure
a larger sum in case of death than under the ordinary system.
2d17. In the event of a desire to surrender his Policy he can receive
in this Company, by the above example, which applies to all ages,
RES times as much as on the ordinary, system. 3rdly. In the event
ofinability or omission to pay, his policy remains still his property,
ber of years ; 'whereas on the ordinary system, he gets
for anY num
of the same value as it was, though he cease his current payments
do so at pleasure. He can at any time,
4thly. Should he require to increase or decrease the
amount e
• ht's notice, withdraw any part from 11. up to the
by giving a fortnight .
ta and with interest. After he
of his previous paymen
IMPORTANT MEDICAL AND SURGICAL WORKS, whole amount
rt one year he can, by a single payment, three
has withdrawn Pa
raise his policy to a greater or even
Just published, by 11. Bailliere, 219, Regent-street, London, time afterwards.
f his policy, he can
and by this system he can at all times regulate
No I. mount ;
' its former a
his annual expenditure, with the facility in the
nothing.years,
Svo., in cloth, price is. by post free, as. 6d., his annual savings by
fl to in case of necessity, the same as
ON TRUE & FALSE SPERMATORRHCEA, bargain of having
a furatbole advantage,
however, that he gets lute-
with the View to the Correction of wide-spread Errors' in a bank, with this palpable Pd
in case of death his family receive mere than
in relation to the Treatment and Core of Sufferers from Debility of the rest fur his money, . In ordinary Life Offices be can do no
Generative System, or Sexual Hypochondriasis. o' the amount of his savings.
;:a• any
such thing, but his policy
remiums, and, instead of having any
earnlapses or is cancelled the raoment
Translated from the German of Dr. PICKFORD he ceases to pay his current p
ed savings become forfeited to
"Dr. Plckford 115 known to English readers by his frequent practi- fund to 1 to for aid, allidasthiancrde-
cal contributions to Gelman medical literature. This is the first the society, and his
time, he infoi,ns us, that he has addressed himself to the nor-modi- more fortunate co-assurerS. striking to be overlooked
cal reader. We trust this may not be the last, if he shall Such a system is too equitable and too
which can be
detect any other eq tAlly flagrant evil which it may be in his and DEPOSIT assurance is the only system of assurance
sower to correct.`" onion ondon Medical Gazette, May 30, 1851. Y misfortunes serve to benefit the pockets of his
widely diffused. It
~ we promised in 't former number that we should recur to this Bally canvassed, and its palpable benefits become
it allows a fair rate
Ivor's, in order to ex', j)it its aim more clearly. The author lashes confers greater advantages than a bank because
ice the amount in the
universally recognised and adopted when the principles are impar-
with great severity the impostors who make a livelihood by preying of interest in case of withdrawal, and gives tw
on the credulity of the public. The tribe of • Quiet symathisers,' hands of the Company to the representatives of the Depositor in
and ` Medical Friends,' are mercilessly exposed ; and if this book case of death, thus combining the
could find its way into the hands of those who suffer from th corn-
Incase ADVANTAGESnfendnwmOenFt
assurancesA
plaint of which it treats, we are satisfied that many h indreds would IN ASSURANCE COMPANY.
be saved much needless suffering of body and mind, and what is ofthe advantages of the DEPOSIT
less importance, though it is that which the quacks most prize—
hcr olley . •This volume is well qualified to put an end to the et are still sy em more striking.
BANK
K WITH
Mite •• " . THE BENEFITS OF
ADVANTAGES OF THIS COMPANY UNDER THE ORDINARY
empirical system of treating Spermatorrhora, and to place the treat-
merit up
on a more rational and physiological basis. It is, therefore, LIFE ASSURANCE BRANCH.
ly to do much good."—Medieal Circular, June 16, 1852. To those who
like prefer this branch Policies are granted from 201. to
No. 11. 5,0001. on every known principle thereof.
Bvo., in cloth, price 3s. 6d., by post free, 45., Lives in all but the worst stages of disease, and such as have been
rejected by other Offices, are taken at rates equivalent to the parti-
THE CURE OF STRICTURE OF THE URETHRA, on Princi- ruler disease.
plea at once Simple, Safe, and Efficient, in even its most Inveterate Loans from 501. and upwards granted
P on every kind of security,
apparently Intractable Forms. real or personal, on the most equitable terms to the borrower
BY F. B. COURTENAT,
Member of the Royal College or Surgeons of England. Annuities of every description
granted on very favourable terms.
Non-forfeiture of a Policy.—ln case currant
of inability to pay the
"In proot of his views he (Mr. Courtenay) has given . premiums, the Directors will eitner purchase the Policy at a fair
the histo:Y of a great many eases successlullY treated, as bad ' illarkcoetnvealsue, or give a new one in lieu thereof, less 5 per cent., inte-
no ding in amount to the whole
as any which Mr. Syme adduced, and on which he had operated. reiq have t of the previous payments
xi., 'i and avid. No. ix. had res sted, fora which been made.
Such are cases ix., xi ~ • Detailed prospectuses with
iod o' twelve yen's, the treatment by dilitation, and was finally tables in further illustration of the De-
per • But cases xviii. and xix. appear, both system, and any further information may be obtained on appli•
iemove i in as many weeks'
in duration, severity, and complication of symptoms, of a more ag- the Agents in the country, or to
gravated character than any detailed by Mr. Spin, and yet thz i CHARLES W. BEVAN, Resident Secretary.
treatment adopted by Mr. Courtenay proved eminently successful." i
1 Professor Lisars on the Treatment of Stricture. N.Bezljeat e wanted La all parte of theyorld.
k