The Sun.
London, England, 1865-05-22 00:00:00

HONEY MARKET

AN D
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

The money market continues to show an easy
tendency, although the rates for ordinary bills have
not been materially changed. The best short-dated
paper is readily negotiated at 41 per cent., capi-
talists having a good supply of money at thelr
disposal.
Only £B,OOO in gold was taken into the Bank on
Saturday.
The accounts from the manufacturing districts
for the past week have in several instances been of
a favourable character. At Manchester prices of
hall cloths and yarns have been well supported,
while there has been a better inquiry for the Eastern
and Levant markets. The woollen trade of
Leeds, Bradford, and Huddersfield has been steady,
with a seasonable inquiry for light fabrics. In the
hosiery trade at Leicester there has been a decided
improvement, while the lace trade of Nottingham
has continued dull. In the hardware districts of
Birmingham, Sheffield, and Wolverhampton there
has been little variation to report in most branches of
business.

The directors of the Trust and Loan Company
of Upper Canada have issued their report, in anti-
cipation of the half-yearly meeting to be held on
the 31st inst. The net profits during the past six
months have amounted to £14,120 75., which,
added to the sum brought forward from the previ-
ous half year, leaves a balance of £14,300 lie. Bd.,
out of which the directors recommend a dividend
at the rate of 8 per cent. per annum, less income
tax, on the paid-up capital stock of the company ;
that one half of the surplus profits over 6 per
cent. per annum, and the usual charge for interest,
amounting together to £3,861 10s. 9d., be carried
to the reserve fund, in accordance with the provi-
sions of the royal charter of incorporation ; and that
£250 be applied to the redemption of preliminary
expenses. There will then remain the sum of £lB9
Os. 11d. to the credit of the next half-year's accounts.

The report of the directors of the Scinde, Pun-
jaub, and Delhi Bank Corporation has been issued,
in anticipation of the general meeting which will
be held on the 30th inst. The accounts, which
have been duly audited for the half-year ending
the 31st December last, show a gross profit of
£31,062 12s. 7d., including the balance brought
forward from last half-year, after deducting inte-
rest on current and fixed deposits. From this sum
£14,551 16s. 3d. has been deducted for current ex-
penses, and £12,008 4s. 11d. for rebate on bills and
commission on acceptances running, £428 9s. 6d.
for 5 per cent. on preliminary expenses, and £366
Bs. 2d. for bank premises redemption fund, leaving
a balance of £3,707 13s. 9d. at the credit of profit
and loss. Since the above period, however, losses
have been incurred from the suspension of firms
which will, it is estimated, absorb the sum at the
credit of profit and loss and the reserve fund, leav-
ing £5,238 Bs. Id. still to be provided for.
The report of the directors of the East India
Irrigation and Canal Company has also been issued,
preparatory to the eighth ordinary general meeting
to be held on the 30th inst. The accounts of receipts
and expenditure in England and in India up to the
31st of December last, less the detailed expenditure
in the divisions for November and December, have
been duly audited, by which a balance of cash in
hand on the 31st December, ;Mt of £102,776 17s.
10d. is shown.

The diree_.'-oors o the Madras Irrigation and Canal
C o*Lpany have issued a report to the shareholders,
previous to the twelfth ordinary general meeting to
be held on the 29th inst. The accounts of receipts
and expenditure in England and in Indiaoup to
the 31st of December last, less the detailed expen-
diture in the divisions from October to Decem-
ber, have been duly audited, and a balance of
cash in hand and with the engineers, on the 31st
of December last, of £184,821 3s. 9d. is shown.
A large portion of this balance consists of the engi-
neers' expenditure during the three months between
September 29 and December 31, and will be brought
into the audited account of this current year in the
usual course.

Advices from India mention that the cultivation
of tea in Assam was rapidly on the increase by both
private and public enterprise, stimulated by the high
prices realised for Assam tea in the English markets.
The whole of the North-Eastern division of the
Assam Company's estates had been acquired by the
Northern of Assam Tea Company, while the original
property of the latter was found upon actual survey
to be much greater in extent and more valuable
than was expected. Instead of 500 acres being the
area under cultivation. no less than 750 acres were
found to be in plant, and instead of the
grant comprising 6,000 acres the actual extent
was no less than from between 15,000 to 20,000
acres. It is also mentioned that the de-
claration of a 25 per cent. dividend by the Assam
Company had led to the formation of many other
similar projects, and the disposal of large grants
of land for tea cultivation.

The share-list of the Hunasgeria Copper Com-
pany will be closed on Wednesday next, the 24th
inst.

The subscription list of the North German Ship-
building Company will close to-day,

Two o'CLocK.
At the Paris Bourse this morning, according to
Reuter's telegram, the 3 per Cent. Rentes were 67f.
15c. Quiet.
The English Stock Market has been very dull
so far as business is concerned, but the quotations
have shown great firmness. Consols for money
are 901 t, and for the account, 89 ex div. The