The Sun.
London, England, 1865-07-10 00:00:00

XONEY MARKET

AN,

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

The Money Market continues in a very active
condition, and the Bank minimum of 3 per cent. is
the general rate required by the bankers and brokers.
In a few exceptional instances 2i per cent. is taken,
but then the paper is exceedingly good and short
dated.

The Metropolis Sewage and Essex Reclamation
Company has been projected under a special Act of
Parliament for the purpose of utilising the sewage
of the northern area of the metropolis, the conces-
sion of which has been granted to Messrs. Napier
and 'lope. The capital required is £2,100,000 in
scrip certificates of £lOO, to be hereafter divided
into shares of £lO each. The transfer is to be made
to the company on condition of the payment to
Messrs. Napier and Hope, under the provisions of
the act, £50,000 in fully paid-up shares of the com-
pany, and a small contingent percentage of
the net profits. The concession recites, that, in
the opinion of the board, the works proposed
by Messrs. Napier and Hope are calculated
to effect the three following objects, namely :-
1. To divert the sewage from the Thames. 2. To
render it innocuous, by its application to growing
crops. 3. To realise the greatest money value of the
manure contained in it. The first article confers
upon Messrs: Napier and Hope " the absolute and
exclusive right to, and property in the sewage," for
a period of 54 years from the passing of the act, but
makes the following provision in reference to the
application of the net profits resulting from the
scheme after the expiration of four years from the
Passing of the act. Previous to the expiration of
that period, all the profit results to the company.
After deduction of the annual charge for "money
borrowed," and of the " working and estsblishment
expenses," the net profit shall be applied--Ist. In
payment of interest at 5 per cent. per annum on the
share capital ; 2d., in payment in equal moieties
!0 the shareholders and the Metropolitan Board of
the further profits up to 15 per cent. ; 3d., in divi-
sion of profits exceeding 15 per cent. and up to 25
Per ce,„,. . •
taer.... between the shareholders and the Metro-
Boar
ford,nßoard, in theproportion of one-fourth to the
25 per' and three-fourths to the latter ; 4th., after
cent., the division again to become equal.

Two O'CLOCK.
At the p .
Reuters
tealellsgri3c'llrse this morning, according to
67f. 12c. all; the 3 per Cent. Rentes were
The Quiet.
d '4OBll Stock Market has been very dull to-
ever, ay through the inactivity of business ; prices, how-
have have continued firm, and Consols are 90,-1 or
41°Fne3r and 94 for the account.
Foreign Securities are rather heavy, and there is
very little business..
are 72 Turkish per Cents., 1862,
vr. do. Consolides, 491 ; Mexican, 234 ;
29 ell', 23 I ; Greek, 204 21; Spanish Passive;
; do. Certificates, 14i ; Italian, 63i 64
and Confederate Loan, 8 9. ;
havel the Railway Share Market the operations
been on a very limited scale, and prices have,
in several instances, shown a slight depression.
Great Eastern, Great Northern A Stock, and North
Western have each decilined ss. ; and Metropolitan,
£l.

The Foreign and Colonial lines remain without
change of importance.