The Sun.
London, England, 1854-05-26 00:00:00

THE SUN, LONDON, FRIDAY EVENING, MAY 26, 1854.

highly approves, and which is certainly by no means
an unfavourable specimen of such impostA, the
addition of 50 per cent. to the Malt Tax ought to
produce 2,580,0001., but making the estimated
deduction for diminished consumption, it will
only produce 2,450,0001. to the Exchequer,
" Hon meats hie sermo." The deduction is
not oars, but that of the Right Honourable
Gentleman himself, and shows the first evil, viz.,
the submission to a considerable privation among
the less wealthy classes—for the wealthy will not
feel it, and drunkards will not mind it—of that
which is the great luxury of the working man—a
comfort, if not a necessary, of existence. Let us,
for the sake of argument, however, say that there
will be no diminution of consumption—that the
whole 2,580,0001. will be realised to the Ex-
chequer. The ls. 3d. per bushel additional
duty is equivalent to 2s. 6d. per barrel
on beer. The brewer, however, who must
have his profit on his increased outlay, adds
20 per cent., and charges 3s. to the licensed
victuallers, or Os. to the private customer. The
licensed victuallers in turn add -id. per quart, or
6s. per barrel to their charge. We do not blame
them, therefore, that they should do so, unless wil-
ling to bear the entire 2,580,000/. themselves, a
display of patriotism that could not be anticipated.
It is clear, however, that the consumers, or the
general public, must pay Os., while the Exchequer
gains 2s. 6d., or five-twelfths of the sums levied,
something less than 411. 16s. Bd. per 1001. This
is surely a sufficient reason why, if addi-
tional taxes are to be raised, it should be
directly, at a trifling charge for collection, in
place of an improvident mode, such as that which
takes 6,176,0001. (we might say more, for we
have made no allowance for the quantities sold in
pints and half-pints) out of the pockets of the
people for 2,580,0001. that finds its way into the
Exchequer. We must, therefore, make up our
minds to the permanency of the Income Tax ;
and that renders a more equitable adjustment
thereof indispensable.

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales, including 1,500 American
taken for export and on speculation. The market
closed heavily, with prices in favour of buyers.
The sales comprised 5,000 American, 100 Bahia at
61d. to 61d., 300 Egyptian at 614. to 71d., 1,500
Surat at 21d. to 3N. per lb. Railway shares were
firm at higher prices.
Colonial produce has been rather quiet, and
some little fluctuation is prices has occurred.
Sugar has declined 6d. to is. ; and coffee, at a
slight concession, has been brisk. Tea has been
dull, and spices are generally lower. Rice has re-
ceded, and hemp and flax have given way in value.
Tallow is firm, cotton inactive, and saltpetre in
limited request. Cochineal has been weaker. Iron
has risen, owing to the large export inquiry. The
public sales of wool are going on rather heavily.
The stock of tea in London and Liverpool is about
5,000,000 lbs. less than at the corresponding period
of last year. The consumption this year has in-
creased 6,000,000 lbs.

For the conveyance of Government emigrants,
the ship Caroline has been taken up for Sydney,
and the Indian Queen from Liverpool for Portland
Bay.
The Hon. East India Company have taken up
the following ships to convey troops from Cork to
the presidencies :—The Hotspur, Monarch, Agin-
court, Devonshire, and Punjanb.
The very large imports of grain from the conti-
nent invest with peculiar interest home agricultural
statistics. In Ireland, last year, there was a
slightly increased production of wheat and potatoes
in the counties of Ulster and Connaught, as well
as in flax ; but in Leinster and Munster there was
a falling off in wheat and potatoes, with but a very
trifling augmentation in flax. The following is an
abstract of the cereal crops for all Ireland :-
1852. 1853.
Acres. Acres.
Wheat 353,566 327,254
Oats 2,283,449 2,156,674
Barley, Bere, Rye, &c 339,591 349:017

Total
Decrease on Cereal Crops
Do. on Meadow and Clover 404

Total decrease
The„abstract of green crops is as under :-
1852. 1853.
Acres. Acres.
Potatoes
Turnips
Other Green Crops

Total
Incr. on Green Crops of all kinds 62,783
Do. on Flax

Total increase
The agricultural statistics for England are ex-
ceedingly imperfect, no systematic attempt to col-
lect them having ever been made, consequently
the means of comparison with former years do not
exist. A beginning has, however, been made in
Norfolk and Hampshire, and our merchants will
be materially guided in their operations if this be
followed up.
There are further arrivals from Australia this
morning, but it is not ascertained if they bring
gold, and their dates are not recent.
The steamer Simla arrived at Malta on the 18th
inst. The Valetta having been despatched to Alex-
andria to bring home the India mail, it is probable
we shall get the accounts by Tuesday next.
It is stated this morning in banking circles that
money is tighter again, although it was rather ex-
pected, as the minimum rate of discount was not
yesterday advanced, there would have been greater
ease. Some of the gold brought in recently is un-
sold, and the exchanges conic more in our favour
from one or two of the continental cities. In the
Stock Exchange money is dearer to•day, four per
cent. having ben given.
The English Funds have been extremely buoy-
ant again, and the importance of the treaty be-
tween the Four Powers seems to be more highly
estimated. There are other circumstances, how-
ever, that " tell" upon the market. One of our
most important firms has been noticed during the
last two or three days as a buyer of Consols ; and
if we couple with this the certainty that
the Chancellor of the Exchequer can for
the present dispense with a new loan, we
shall perhaps have a clue to the decided advance
of the last two days, although there is yet another
circumstance which appears to us to have weight.
The bankers who lent stock freely some time back,
are often desirous to have it replaced before the
transfer books shut, in order to have their names
standing for the dividend, and although arrange-
ments can be made with the brokers, which secure
the interest without the necessity of a re-
transfer, there is a little credit involved, and
the bankers like to appear as holders
prior to the "shutting." Consols have been 891 /,
since 891 f and 90, and are now about 89k. Exche-
quer Bills are ls. to 4s. premium, and the scrip of
the Bonds realises par-to premium. India Bonds
are Is. to 4s. premium.

Foreign SecUrities have been firm, but not active.
Mexican Bouds realise 24 3, and Peruvian 63.
Brazilian New Stock is at 91 to 92. Russian 41
per Cents. are at 821. Spanish Deferred are 19 .
The market is better to the extent of and,
in some instances, of nearly 1 per cent. for the
English railways. Caledonian, Brighton, Lanca-
shire and Yorkshire, and York and Berwick have
been most in request. The foreign lines are not
quite so high as yesterday, except the Lyons.
Mines are rather better, and the Australian
Company's shares are again up. Banks are dull,
and Land Companies brisk.

BRITISH FUNDS THIS DAY.—CLOSING PRICES
( Prom the Official Li,al.,)
• Su9 i n es done.
per Cent. Reduced Anniiit;es BB i i
3 per Cent. Consols Annuities 81 i 90 893 i i
gew 31 per Cent. Annuities B9l a
Long Annuities, Expire sth Jan., 1860 -16 i
Ditto 30 Years, Expire sth Jan.,1860 4 13-16
ndia Bonds, £lOOO „....................
4 1
Consols for Account i tli Juno B9i i i i
Exchequer Bills, lid.

£lOOO .... 1 4 p
2500 1 4 p
Small 1 4 p
Exchequer Bonds Scrip
PRICE OF FOREIGN FUNDS THIS DAY.
Irazilian Bonds, 5 per Cont. —
Ditto New, 1852, 4} per Cent 9l 2
Greek Bonds, Red
Mexican 3 per Cent.
L'eruvian Bonds, 4} por Cent.
ttussian Bonds, 1822, 5 per Cent. X St —
Ditto 41 per Cent B2A
Spanish Bonds, 3 per Cent 394
ipanish New Deferred, 3 per cent. ......
Spanish Committee Cert. of Coup. not fun 4A
Venezuela Bonds (Mackintosh's) 1844 2O
Dividends on the above payable in London.
Dutch Bonds B7l
THREE O'CLOCK.
Consols B9l i
Ditto June Account

DEPARTURE OF CHEVALIER BUNSEN.—We are sorry
to see that the departure of this diplomatist, who
has been so much respected during his stay in Eng-
land, and who has fallen a victim to the machina-
tions of the Russian party at Berlin, must now be con-
sidered final. His Excellency only awaits the arrival
of Count Bernstorff from Naples to leave England for
Germany, and on Monday and Tuesday next the
valuable collection of objects of art collected by Cheva-
lier Bunsen at Rome and other cities in which his
diplomatic life has been spent will be disposed of
by private sale at the Prussian Legation. No
foreign minister has more endeared himself to a large
circle of English friends than Chevalier Bunsen ; and
this fact, coupled with the peculiar circumstances at-
tendant on his recall, has caused his departure to be
regarded with general regret.--Times.
AUSTRALIA. —The advices from Australia by the re-
cent arrivals confirm the previous reports of the general
increase in the gold produ. tion. With regard to the
import markets the late news brought by the rapid
passage of the American steamer Golden Age had
created disappointment, owing to the announcement of
continued shipments from this country on a larger
scale than had been anticipated. The value of land was
rapidly increasing. Among the vessels with gold which
had lately sailed ere the South Sea to London, with
5,420 ounces, and the Alfred, from Geelong to London,
with 10,378 ounces.
THE LATE FATAL ACCIDENT ON THE LONDON AND
NORTH-WESTERN RAILWAY.—At the conclusion of the
evidence offered at the coroner's inquest, held at
Coventry on Wednesday night, upon the body of Mr.
Barnett, who met with his death in so mysterious a
manner in the Beechweed tunnel early on Monday
morning, the jury found a verdict of "Accidental
death," adding that, in their opinion, no blame was
attributable to the railway company. It was satisfac-
tory to observe thlt the friends of the deceased present
appeared convinced that the door of the carriage vs%s
properly fastened by the officials at the a rmingharn
station, and that no censure was imputable to them on
that account.
VAN DIEMEN'S LAND.—From Van Diemen's Land
the dates are to the 18th of February. rue new gold
discoveries in the Ben Lomond district were attracting
considerable attention. Here, also, the value of land
was greatly increasing, and in some large sales lately
made unprecedented prices had been realised.
THE NEW CHURCH IN VICTORIA-STREET.—Yesterday
morning, after a sermon in old St. Margaret's, by the
Bishop of Oxford, his lordship proceeded to lay the
foundation-stone of the new church in Victoria-street.
Besides the officials and those immediately connected
with the ceremony, there were a great number of charity
children. The structure is partly built, and is in the
Gothic style. Galleries were erected inside the portion
of the fabric already erected for the spectators, of whom
there were many, to see the ceremony ; and a full band
played Te Drum, and other music suited to the occasion.
The ceremony was performed with the usual fOnnalititte.

LATEST FOREIGN NEWS.

THE WAR.

ADVANCE OF THE RUSSIANS.-THE ALLIED

ARMIES IN MOTION.

CONSTANTINOPLE, May 15.—We have received here
bad news from the seat of war on the Danube. The
Russians are advancing from the Dobrudscha.
They have cut off communication between Silistria
and Varna, as well as the sea coast, and they have done
the same between Varna and Shumla.

The allied armies are in motion, in order to co•operate
with Omer Paella, and form his reserve.
A French force must by this time have arrived at
Adrianople:

A French division is on its march from Gallipoli to
Constantinople.

The English division of the corps of light infantry at
Scutari has received marching orders for £uesday next.
It is thought the route is for Varna.
News has been received to the 9th inst. from the
Black Sea. The two fleets were then cruising off Se-
bastopol, the Crimea, Batoutn, and in other parts of
the Black Sea.

No naval engagement had taken place.
General Baraguay is recalled.
Personnel of the medical department of the army of
27,000 men ordered to Turkey, under command of
Lord Raglan :7

PERSONNEL (STAFF).-1 Inspector-general of hospitals,
4 deputy inspectors-general of hospitals, 12 staff surgeons
of the first-class, 13 staff surgeons of the second-class, 48
staff assistant-surgeons, 1. chief apothecary, 3 dispensers of
medicines, 3 purveyors, 6 purveyors' clerks, 2 medical
clerks, 1 cutler and his assistant.

PERSONNEL (REGIMENTAL).-1 surgeon and 3 assistant-
surgeons to each regiment of infantry (850 men), 1 surgeon
and 1 assistant-surgeon to every two squadrons of cavalry
(250 men), 1 assistant-surgeon to every troop of horse
artillery, 1 assistant-surgeon to every field battery, and 1
surgeon Ordnance medical department for general duties.
Total number of medical officers, 203.*
* During the Peninsular war rather more than one. third,
but not quite one-half, of the medical officers of the army
were generally ineffective from sickness, &c ; therefore, as
there is no reason to expect less disease will occur in Tur-
key, there must be a reserve of 63 medical officers to sup-
ply the places of such as become unfit for duty.
On Saturday General Brown took leave of the
English division -at Gallipoli, taking with him to
Scutari two fine regiments (the Highlanders and
Rifles) belonging to his division. In the morning
he passed in review the troops he has established
here with so much care. The tenue of the British
troops was magnificent, drawn up in line of battle
on the plateau which commands Gallipoli. They pre-
sented for the first time their line of battle to the sym-
pathising curiosity of the French officers, who, all in
full uniform, served as an escort to General Brown.
From a delicate piece of attention the standards were
not unfurled, that the word " Waterloo," which figures
on them in large letters, might not recall souvenirs of an
enmity which has long since entered the domain of his-
tory, and been buried in the past. As the Highlanders
and Rifles marched, after the review, the whole body
was in marching trim, with standards furled ; and very
few suspec:.ed the motive winch dictated the measure.

After the review the troops went through some
manceuvres with great precision, eliciting the warmest
adiniiaton of the French. General Ca,nrobert made
himself the interpreter of the army he commands to
General Brown and his officers, who take away with
them the good wishes of their companions in arms.