The Sun.
London, England, 1853-06-28 00:00:00

ROYAL PRINCESS'S THEATRE, OXFORD-STREET.

Under the Management of Mr. Charles Keen.
THIS EVENING, JUNE 28,
Will be performed THE DAY AFTER THE WEDDING. Sup-
ported by Mr. and Mrs. W. Lacy.
After which, will be presented Lord Byron's Tragedy of SSP,
DANAPALUS. Principal characters by Mr. and Mrs. C. Kean.
To conclude with TURNING THE TABLES.

ROYAL LYCEUM TIIEATRE.

Under the Management of Madame Vestris.
Last Five Nights of the Season.
THIS EVENING, JUNE 28,

Will be performed A.S.S. Characters by Messrs. F. Mathews,
Suter, and Rosiere ; Mrs. Macnamara and Miss Wyndham.
After which, A FAST TRAIN—HIGH PRESSURE EXPRESS.
Principal character by Mr. C. Mathews.
To be followed by THE LAWYERS. Characters by Messrs. C.
Mathews, F. Matthews. and R. Roxby ; Mrs. F. Matthews, Misses
Robertson and Ellis.

To conclude with TEYING IT ON. Principal character by Mr.
C. Mathews.

THEATRE ROYAL ADELPHI.
Proprietor, Mr. B. Webster,—Directress, Madame Celesta.
THIS EVENING, JUNE 28,

Will be performed GENE VIEVE. Characters by Messrs. Ben.
Webster, A. Wigan, Leigh Murray, Keeley, Paul Bedford, and 0.
Smith; Madame Celeste and Mrs. Keeley.
After which, NORMA.
To be followed by BETSY BAKER.
To conclude with TEE DANCING SCOTCHMAN.

ROYAL OLYMPIC THMATRE.
Lessee and Manager, Mr. Farren.
First Night of a New Drama.
THIS EVENING, JUNE 28,
Will be performed (first time) LOVE AND AVARICE. Charac-
ters by Messrs. H. Farren, H. Marston, G. Cooke, and Shalders ;
Mesdames Anderton and Bartlett.
After which, A DAY AFTER THE FAIR. Jerry, Mr. F. Rob-
00n ; Polly, Mrs. A. Phillips.
To conclude with (for the last time but three) MACBETH. Sup-
ported by Mr. Samuel Macbeth, Mr. F. Robson, Mrs. Sarah Mac-
beth, and Mrs. A. Phillips.

ASTLEY'S ROYAL AMPHITHEATRE.
Sole Lessee and Manager, Mr. W. Cooke.

Triumphant success of the Battle of Waterloo. The most varied
and attractive Entertainments in the Metropolis.
THLS EVENING, Jula 28,

And during the week, the Performances will commence with the
grand national Spectacle of THE BATTLE OF WATERLOO, repro-
duced with all its original dramatic, scenic, equestrian, and military
effects.

To be followed by an entire change of Equestrian Achievements
in the Circle, supported by the popular Artistes of the Establish-
ment, and the World's Wonder, Miss Emily Cooke, in her unparal-
leled Feat of Leaping through 16 balloons, both forwards and back-
ward, which is nightly received with perfeet enthusiasm.
To conclude with the successful Hippo Drama of THE CHASE,
Or LIFE ON THE TURF—illustrating a Sporting Man's Career.
By express desire of several Families of distinction, and in accord-
ance with the flattering request, Mr. W. Cooke has made arrange-
ments to give a Series of Two more Grand Juvenile Morning Per-
formances during the Midsummer Holidays, namely, on WEDNES-
DAY, Jvsis 29, and positively the Last on WEDNESDAY, JULY 6.
Box-ofnee open daily from Eleven to Four. Stage Manager, Mr.
W. West.

ROYAL SURREY ZOOLOGICAL GARDENS.
THIS EVENING, JUNE 28,
CHUSAN and the FEAST OF LANTERNS.
Splendid MENAGERIE, containing a vast number of Specimens of
Natural History, including an Orang-Ontan, the only one exhibiting
in this country.

GODFREY'S unrivalled Mrr.rranz BAWD. Vocal and Instrumental
Concert. At Dusk a most brilliant display of Fireworks.
On Thursday next, June 30, the ROYAL SOUTH LONDON FLO-
RICULTURAL SOCIETY will hold their SECOND GRAND
SHOW of the Season, when numerous Prizes will be awarded for the
best displays of Flowers, Fruit, and Vegetables. An extra Military
Band is engaged ; all the varied amusements of the Gardens, in
addition to the Flower Show, concluding with the FEAST OF
LANTERNS, and a grand display of Fireworks.—Admlasion, as
usual, I s.

HIGH WATER AT LONDON BRIDGE.
Tuts DAY —Morning 9 min. after 7 I Evening 36 min.aft. 7
To-Moaaow—Morning 3 min. after 8 Evening 35 min.aft. 8

THE WEATHER.—SUN OFFICB, JUNE 28.
THERMOMETER, IN THE SRAM
72—highest since noon yesterday.
64—lowest this morning and during the night.
66 this day at noon.
BAROMETER, 29'79.
WIND, S.W.—Fresh breeze, and dull, rainy weather.

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c0v.,,:(R0.,„,:iwt.. ::4141,0
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LONDON, TUESDAY, JUNE 28, 1853.

Can Lord JOHN Itussraa. spare but a crumb
from his Liberal Table to the advocates of Free
Voting ? Liverpool has just fallen from it. Can
he permit Lord DUDLEY STUART to pick it up ?
Can ho allow that the favourite scheme of a BEN-
THAM and a GROTE may really be worth a fair
trial or two ? Does he conceive it just possible
that a first-rate philosopher, a first-rate historian,
a fellow Cabinet Minister, some half-score of his
brother Ministers, and a declared majority of his
own Liberal supporters, may be for once right ?
Can a Whig leader be fallible in just one single
case ? If so, in compassion to the tens of
thousands of Reformers who hunger and thirst
for the Ballot, let his Lordship suppose that he
may be the subject of human infirmity in his
present opposition to it, and let him concede one
trial of its merits in this large and largely-
bribed constituency. He may allege that
an Act of Parliament will be necessary.
A very short one would do. But where
there is a will, there is a way. Why, even a jour-
nal notoriously favourable to his Lordship and
the present Government, has painted strongly the
advantage of giving the rival schemes of the
Edinburgh Review and the Ballot, a trial at bye
elections before the Grand Year of Reform, 1854.
There is literally not a single argument against
Lord D. STUART'S motion to take the next poll at
Liverpool by the Ballot but that of obstinacy.
But one trial is asked for ; asked for when the
need of something of the kind is proved; asked for
in the name of the first men of the age, and the
majority of the Liberals ; asked for as a means
of testing in a few fairly chosen instances
a plan deemed highly valuable by a most
important part of the community, who are
content to abide the issue of a fair trial. What
argument but dogged obstinacy is there to oppose
this? If the experiment fail, the opponents will
be the gainers ; their theoretical objections will
be corroborated by facts. If it succeed, they,
professing to be candid legislators, will be
thankful for the lesson. There can be no
danger of creating bad precedents ; the con-
cession can only become a precedent by its suc-
cess. No arguments for the Ballot itself are
needed in the present case. It cannot be denied
that a few trials before 1854 are possible ; that it
is easy to make them. It cannot be denied that
the number and characters of the parties asking
for the trial are an ample prima facie case in its
favour. What, then, need stand in the way of the
experiment ? It cannot be pretended that, like
the repeal of the Corn Laws or of Catholic Disa-
bilities, it is impossible to be tested locally, or
to be stayed at once if unsuccessful. We do,
therefore, put it to the Leader of the House of
Commons whether he cannot unbend or relax for
once ; and as he tolerates one advocate of the
Ballot even in the Cabinet, whether he cannot
also tolerate the Ballot itself in one of the long
list of boroughs whose elections have been proved
not to be immaculate ? One election by Ballot is
no unfair propoltion to one Cabinet Minister, with
fair accompaniment too of ex-Cabinet Ministers. It
is quite plain that the two thousand old freemen at
Liverpool will never become SIDNEYS and
ELLIOTTS, as Lord JOHN hopes, on the present
plan ; it is also equally plain that they value
their " trusteeship" at five shillings per head and
a gallon or two of beer. Will Lord JOHN pre-
tend that such "trustees for the public" care more
for the public than they do for their shillings and
their beer? Or will he deny that voting, so that
it were worth no one's while to give them money
and beer, would be a better moral and consti-
tutional discipline for them
those temptations ? than to be plied with
If the reasonableness of a
case could avail to impart but a touch of o•enial
sympathy with his supporters to the " La of
bst the Whigs," it would do more to prolong the last
hours of the party than even the genius of
MACAULAY itself. It will be, indeed, an agree- ,
able surprise,
if, on this question, we are „t
again met with technicalities and sneers.

The debate on India is beginning to attract
some degree of notice. The contest is becoming
more arduous. Some of the leading Members on
either side of the House have taken part in the

proceedings, and have succeeded in obtaining a
more numerous and attentive audience than the
earlier speakers ; and as the result becomes more
doubtful, a deeper interest is excited. Mr. COB-
DEN last night made a vigorous and most effective
attack on the measure, bringing forward a num-
ber of facts in support of his views, and reasoning
thereon with a degree of power and energy
that reminded us of his most successful
efforts during the Anti-corn-law agitation.
The Honourable Gentleman is indeed a dangerous
opponent to a proposition intrinsically bad ; and
more especially so if it in any degree savours of a
job, sacrificing the welfare and happiness of the
many to the selfish objects of a clique or party.
He has, we rejoice to find, entered heart and soul
into the Indian question, and we are convinced
that he will not relinquish his exertions until he
has brought the issue to an auspicious termina-
tion. We care not what may be his object ;
whether lie be solely influenced by a high-minded
philanthropy, looking for his reward solely to the in-
creased comforts, the additional happiness to be con-
ferred upon so numerous a proportion of the human
family, or whether, as his enemies allege, his only
desire is to increase the cultivation of Cotton in
Hindostan, and thus to enable the men of Man-
chester to obtain their staple commodity some
cents. per pound cheaper. Self-interest is not the
least powerful motive that actuates the human
mind, and we cannot forget that the same charge
was preferred against the Hon. Gentleman and his
coadjutors during the struggle for untaxed bread ;
but the sneer did not render their efforts less zea-
lous or efficient, nor did it retard their triumph,
or render its consequences less beneficial to the
community at large. _ _ .

Mr. COBDEN was peculiarly qualified to form a
sound and accurate opinion on the subject under
discussion. He had served on the Committee ap-
pointed to inquire into the Government of the
Anglo-Indian Empire, and could, therefore, speak
authoritatively both as to its Constitution and the
proceedings that had taken place before it, and his
opinion was very briefly, but very decisively, ex-
pressed. He declared that "its conduct was not
such as to entitle it to be cited as an authority,
or to inspire any great degree of confidence."
The inquiry had been divided into eight heads,
and on one only—that as to the machinery by
which the Government of India was carried on—was
there any expression of opinion. Eighteen witnesses
had been examined ; "every one of whom had been
officially in the employment of the Court of Direc-
tors or of the Board of Control, or had been in some
manner connected with one or other of those ser-
vices." It was upon such very disinterested testi-
mony that the Committee came to the qualified
resolutions upon which such stress has been laid,
and from which two of its members unequivocally
dissented. Under such circumstances, we can
scarcely feel surprised at the contemptuous disre-
gard for their labours exhibited by the President
of the India Board and his colleagues. Much
doubt could not have been entertained as
to the nature of the final report by parties
who took care to exclude independent testimony,
and who could only give a hearing to one side of
the case. Sir CHARLES WOOD—who had long
since expressed his views as to the proceedings of
such Committees, declaring that no Minister
should consent to a reference unless certain of
the constitution of the Committee, and of the
report that would eventually be made even before
its appointment—was therefore justified in totally
disregarding the proceedings, or at least only in
making use of them so far as suited his own pur-
poses ; and Mr. COBDEN only evinced a due re-
gard for his own character in refusing to
devote his time and labour to an investigation
where it must have been manifest to every one
that " the whole case was prejudged, and that a
verdict had been brought in without going through
the preliminaries of a trial."
But limited and partial as was the inquiry, it
yet threw some light on that extraordinary myth,
the Government of India, but which, like the
flashing of a torch at the entrance of a deep
cavern, only serves to render the prevailing ob-
' scurity more profound. The honourable Gentle-
man denies that there is a double Government,
and asserts that, " under the Charter Act, with
the exception of the disposal of patronage, there
was no power granted to them by the Statute."
He adduces many cogent reasons in support of this
opinion, and, among others, refers to the evidence
of Lord HARDINGE, who styled the Government "a
mystery," citing the case of au officer of high rank,
who, complaining to the Secret Committee of the
Directors, discovered that that all powerful
and mysterious body meant neither more nor less
than the President of the Board of Control.
All this complicated and worse than useless
machinery is to be maintained simply for the
sake of vesting the patronage of the Indian
empire, or rather the selection of the objects
among whom that patronage is to be distributed,
in twenty-four gentlemen selected by the
holders of stock to the value of six mil-
lions sterling, who, not satisfied with obtaining
ten and a-half per cent. per annum, granted
for twenty years, and then only redeemable on
payment of 2001. for every 1001. originally in-
vested, are desirous of obtaining valuable appoint-
ments in return for their disinterested suffrages in
the election of the Directors, whom the Honour-
able Gentleman has appropriately termed the
" JOHN DOE" and " RICHARD ROE" of India.
Surely the holders of South Sea Stock, of 3 per
Cents. Reduced, and of Consols, may well com-
plain of the undue favouritism, and wonder why
they themselves are debarred from a share in
these comfortable pickings that have hitherto
been monopolised by the East India proprietors.
But, cui bone, what is the object or utility of
maintaining this gigantic fiction, and creating the
strong and reasonable impression in the minds of
the inhabitants that they have been " farmed
out" to contractors for the purpose of having
the largest amount practicable extracted from their
thews and sinews. It cannot be merely to get
rid of the patronage, to transfer those desirable
and lucrative appointments from the Crown to
other hands. Ministers, more especially Whig
Ministers, have seldom been so very sensitive on
such a point, unless strangely calumniated ;
they have been more inclined to make
places for anxious friends than of refusing
to distribute situations to which they had legi-
timate rights of nomination. We must en-
deavour,
then, to discover the mystery in some
other quarter. May it not be for the preserva-
tion of that mystery so justly complained of, and
which enables them to shift the responsibility of
impolitic acts from person to person, until none
can be called to account ? Inconvenient discus-
sions are thus diverted, while the concealed
Mogul pulls the wires and sets the various puppets
in motion. This may be very desirable for Sir
CHARLES WOOD, but it will not receive the sanction
of Great Britain or of Hindostan.

Notwithstanding the distinct and positive pro-
mise of Lord JOHN RUSSELL, to the effect that
measures would be taken to carry the recommen-
dations of the Common Law Commissioners into
practical operation without delay, we fear that
there is but little prospect of accomplishing an
object in every respect so desirable during the pre-
sent Session. We have now arrived at the end
of June, a month only remains for the work of
legislation, and there are so many matters having
the priority of claim—and which, indeed, cannot
be postponed—standing over, that we are obliged,
reluctantly, to relinquish the hope of making
much further progress in the path of legal re-
forms before the prorogation. One step has,
however, been taken in accordance with the re-
commendation of the Commissioners. The Evi-
dence Amendment Bill was read a second time on
Friday, without opposition, and although it only
applies to a small portion of the matters referred
to in the Report of the Learned Gentlemen, it will
still be hailed as a valuable improvement in the
administration of the Law.

It is possible that the delay, in some respects
so much to be regretted, may eventually be turned
to good purpose. The Commissioners will have
the opportunity of observing the working of Mr.
WRlTEsines Bill in the sister kingdom, and of
reconsidering their decision with respect to the
verification of pleadings by the parties after wit-

nessing its practical results in Ireland. It is in-
deed an important alteration, and one requiring
much calm and attentive consideration before it can
be finally sanctioned ; and we make every allow-
ance for the natural hesitation, the excusable re-
luctance, of the Commissioners to propose a change
so extensive, and involving a principle so objec-
tionable, as the multiplication of Judicial Oaths.
But we believe that advantages would attend the
practice that would far more than counterbalance
the evil above referred to. It requires some very
decisive measures to check the improper and de-
moralising habit of putting forward unfounded
claims, or raising unconscientious defences. Such
proceedings are now of every-day occurrence, with-
out any censure being inflicted on the party, who
coolly and deliberately places upon the file of the
Court that which he knows to be false. The gross im-
propriety of such conduct must be manifest; but
it excites neither surprise nor comment, even on
the part of men of unimpeachable character. When
such indifference is exhibited, there is clearly
something radically wrong in the system ; and
we must endeavour to ascertain the causes that
have led to a state of public opinion so vitiated,
and so much to be lamented.

In the first place, then, we find that the parties
themselves have not hitherto been sufficiently
identified with the pleadings, which were those
rather of the lawyers than of the litigants. It
was the business of the special pleader concerned
to raise every issue that could embarrass his op-
ponents. Traps were laid for rivals, and suits
were too frequently decided on technical and
formal grounds, totally apart from, and
generally opposed to, the substantial merits.
What in ordinary life would be regarded
as fraud and chicanery which would deprive the
perpetrator of the respect of every honest man,
were looked upon not merely with indulgence, but
admiration, as a brilliant coup, rather than an in-
, famous deception. The party taking advantage
,of the quibble was excused, because forsooth,
though he reaped the profit, "the matter was alto-
gether out of his hands," "lie could not in any
degree interfere with his lawyer," and on such
flimsy pretexts, the disreputable practice grew and
flourished until it attained its present alarming
magnitude, there appearing to be a total disre-
gard of all the obligations of truth and justice
so fat as the pleadings are concerned.
Under such circumstances, the remedy must be
proportioned to the disease ; we must strike at the
very root of the evil if wo hope to effect any de-
cided amelioration. This can only be accom-
plished by removing the exciting cause ; we must
make the party directly responsible for the truth
and accuracy of his pleadings, not as to the legal
effect ; that must, of course, still depend on the
professional adviser. It would be unreasonable to
require a person ignorant of law to pledge his oath
as to the legal sufficiency of his claim or defence.
But he should be enabled to verify the facts, at
least, to the best of his belief. If he has no per-
sonal knowledge on the subject, and if any hard-
ship could possibly arise in requiring such corro-
borative evidence, it might be obviated by allowing
a dispensing power to the Court, or a Judge in
Chambers, to allow the pleading to be filed with-
out oath or signature (as is sometimes the case in
Chancery by consent of the parties), or to have it
verified by a third party, competent to speak po-
sitively as to the facts.
We must remember that the proposition, if
carried into execution, would only anticipate the
stage of the proceedings at which the parties might
be called upon to pledge their oaths as to the ac-
curacy of their statements. They are now not only
competent, but compellable, to give evidence.
They may be required to put themselves out of
Court by their own statements. Why, then, should
they not give some proof in the earlier part of
the proceedings of the justice of their cases, the
effect whereof would be to prevent the accumula-
tion of costs which the innocent party could never
recover, and the putting forward either of un-
conscientious demands or equally unconscientious
defences ?

One excellent suggestion has been made on the
subject, which appears well. worthy of considera-
tion, as if deemed adequate to the exigency, it
would. remove the grave objection as to the mul-
tiplying and rendering too common the appeals to
the DEITY, which constitutes the chief objection
to the practice. That is to say, that the pleading
should be filed as at present ; but that the oppo-
site party, before answering or taking the next
step, should be at liberty to require the verifica-
tion of the preceding pleading, if he thought
proper under such penalty as to costs, if he did
so wantonly or improperly, as the Court might
direct. There would be no great difficulty in
judging from the result whether the demand for
verification was justified or not, so as to enable
the Judge to decide on an application for costs
in consequence of such a demand.

CORONATION DAY.—To-day is the fifteenth anniversary
of the coronation of her Most Gracious Majesty. The
morning was ushered in with merry peals rung from the
metropolitan churches. The royal standard floated from
the various Government offices, and the shipping in the
pool displayed their national ensigns on the occasion.
At one o'clock the usual royal salute was fired from the
Park.. and Tower guns.

STORM AT PORTSMOUTH AND Loss OP LIFE.—The
weather yesterday blew a heavy gale, and many casual-
ties were apprehended. A shore boat, in which were
Lieut. Lambert and Mr. Muirhead, surgeon, of the
Edinburgh, foundered, and they with two watermen
were lost. Whilst striking lower yards on board her
Majesty's ship Amphion, a hook fell down and struck
Captain Patey, fracturing his skull. He is not ex-
pected to live. Two men were similarly wounded.

SUBMARINE TELEGRAPH ACROSS THE SOLENT.—The
project of having a submarine telegraph across the
Solent, for the purpose of extending a telegraphic com-
munication with the Queen's marine residence in the Isle
of Wight, has been abandoned from pecuniary causes.

DISTRIBUTION OF PRIZES AT KING'S COLLEGE.—
Yesterday the annual distribution of prizes to successful
students in literature and the applied sciences took place
in the hall of King's College, in the presence of the
King of Hanover and a large number of spectators. The
Archbishop of Canterbury, as visitor of the institution,
presided. The King, whose lamentable privation ex-
cluded him from the number of spectators, received ex-
planations of the various incidents as they occurred
from Mrs. Jelf, the wife of the learned and reverend
principal, who, at his Majesty's request. took her seat
by his side for that purpose. At the close of the pro-
ceeding the King expressed his thanks for the good
feeling which had been expressed towards his family and
country, addressed some encouraging words to the
students, and then proposed and led off three hearty
cheers for the Archbishop of Canterbury, and an in-
definite number for the Queen. Previous to leaving
the hall his Majesty desired that all the prize-holders
might be presented to him, which was accordingly done
by the reverend principal of the college. His Majesty
shook hands with them, asked them a few questions,
and said that he should be happy to meet them if their
pursuits ever took them to his dominions.
A deputation, consisting of Messrs. Benjamin Bower,
James Roberts, J. Causton, George Greves, Wm. Bons-
field, and H. S. Gibbs, waited yesterday (Monday) on
Baron Rothschild, to present a resolution, agreed to at
a meeting of the inhabitants of the ward of Billingsgate,
held at Fellowship-hall on the 23d inst. The deputation
was courteously received, and after a short conversation
the Baron gave his written answer, to the purport that,
having put his cause into the hands of the Liberal party,
and having been advised by them to hold his seat, he
could not comply with the wish expressed in the resolu-
tion of the Billingsgate ward meeting.
THE NEW BARRACKS AT DEVONPORT.—The extensive
contracts for the building of the new barracks at Devon-
port, have been taken by Mr. Thomas Clift, of Ply-
mouth, the contractor for the new works in progress at
the dockyard, and for the improvement of Sutton Har-
bour, Plymouth, and an extensive builder. The con-
tracts now entered into involve an alteration in the
approach to Devonport from Plymouth, and an exten-
sion of the Mountwise-parade, as well as the new
barracks.

THE MAILS.—SOUTHA3InoN, MONDAY, June 27.
The Peninsular and Oriental Steam Navigation Com-
pany's ship Iberia, Captain John Bowen, took her de-
parture this afternoon with the usual mails for Vigo,
Oporto, Lisbon, Cadiz, and Gibraltar, and a good num-
ber of passengers. The next mails from the same ports
will be brought by the Tagus, Captain Joy, due at South-
ampton on the 4th proximo. The screw steam-ship Cadiz,
Captian E. Cooper, sailed at 2 p.m. to-day for Gibraltar,
Malta, and Constantinople, taking out specie value
2,0001. and a fair cargo. The next steamer for the Le-
pant will be the City of London, Captain Cargill, due at
Southampton on the 6th of July. The Bengal, Captain
A. Kellock, is appointed to take out the East India,
China, Mediterranean, and Australian mails of the 4th
of July. The Rajah, new screw steam collier, belonging
to the Peninsular and Oriental Company, was tried at
the measured mile, in Stokes Bay, on Saturday, with
Griffiths' patent screw propeller, which was found to
give an increase of speed of about a quarter knot over
the old screw, with six evolutions less of the engines.
The United States' mail steamship Washington, with
dates from New York to the 18th instant, is expected
off Cowes on Friday or Saturday next, CM route to
Bremen,

THE SUN, LONDON, TUESDAY EVENING, J UNE 28, 1 853.

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TTVO O'CLOCK.

T'h© sales of cotton at Liverpool yesterday wero
estimated at 8,009 bales, of which 650 were taken
for export and on speculation. The market closed
firmly at previous rates. The sales comprised
6,500 American, 250 Pernam and Maranham, at
fild. to 81d.; 40 Bahia, at 6cl. to fild.; 600 Egyp-
tian, at 62d. to 9d.; and 500 Surat, at 31d. to
sd. per lb. Railway Shares were very inactive.

The Adelaide has arrived from Melbourne with
accounts of March 14, but they add nothing to our
previous advices.
At the meeting held this morning of the Bank
of South Australia Proprietors, the Directors'
Report was read, and states :

" The Bank has participated in the prosperity of the
colony and the success of the settlers, which it has made
every exertion to promote, consistently with sound prin-
ciples and the encouragement of useful enterprises.
The annual accounts from the colony have been care•
fully prepared, and the most rigid scrutiny has been
made of all the assets. Every bad and doubtful debt
has been written off, and the court are assured by Mr.
George Tinline, the acting manager, in a valuable report
he has made upon the company's position in the colony
at the termination of the year, that the utmost caution
has been exercised in continuing on the books only
those assets which are strictly available, and that
the bank was then in a healthy and improving con•
dition.

" The general accounts for the year which ended 30th
May last, have been subjected to an equally careful
examination, and the result of the profit and loss ac-
count to that date is as follows :

Balance of undivided. profits On 31st
May, 1852...
••• £24,511 9 5
Carried to contingent
account :.. £3,000 0 0
Appropriatedtoreserved
fund ... ... 2,151 0 0

5,151 o 0
Profits at Adelaide, &Q. ... 37,347 411

£56,707 14 4
From which deduct—
Dividend for July, 1852, January,
1853, and income tax ... 17,757 11 7

Balance of undivided profits on 30th
May, 1853 ... ... ... ... ... £38,950 2 9

"From this sum there will have to be appropriated
to the reserved fund 10 per cent. in accordance with
the deed of settlement and charter, which, amounting
to 3,8951. will increase that fund to 14,4201. 6s. 9d.
"The net profits available for the proprietors will
thus be 35,0551. 2s. 9d., and the court have to recom-
mend the usual dividend of 6 per cent. per annum, and
a further amount on account of profits of 30s. per share,
equalling together 12 per cent. for the year on the
capital received, which, if confirmed by you, will be
payable (clear of income tax) on the 15th July and 15th
January next.
" According to the intimation expressed in the last
report, Edward Stephens, Esq., the company's colonial
manager, returned to Adelaide' by the Charlotte Jane,
which left Plymouth on 26th January last, and the
court trust he has now been some weeks in the colony,
and that the company are again deriving the full advan-
tages of his personal superintendance of the bank's
affairs. During his absence George Tinline, Esq., the
acting manager, has continued to give his zealous atten-
tion to the duties of his office, and his eminent services
connected with the operations of the Bullion Act, entitle
him to the thanks of the proprietors. He has been as-
sisted by the local directors, who also deserve the favour-
able consideration of this meeting.

"The measures taken, with the sanction of the Lords
of her Majesty's Treasury, to increase the company's
capital from 200,0001. to 300,0001. were promptly re-
sponded to by the proprietors. The amount of 50,000/.
having been received on Ist September last, from the
shares wholly paid up, and the deposit on those payable
by instalments of 2/. 10s., which was all the directors
were authorised to receive forthwith, the Court were
enabled, in consequence of many of the proprietors
not having availed themselves at the proper time of
the allotments offered them, to exercise their discre-
tion in not issuing the whole of the 4,000 shares. It
is proposed to offer the remaining 981 shares to those
proprietors who may be disposed to increase their
stake in the company, at a premium of 221. per share,
and these shares will have to be wholly paid up on Ist
September next, when they will participate in the cur-
rent dividend. The directors recommend that the pre-
miums obtained be carried to the credit of the Reserved
Fund, which will then be in an advantageous position,
and highly conducive to the future interests of the Com-
pany.
" The court have much confidence in the continued
development of the resources of South Australia, and the
rapid advancement of the other Australian Colonies ;
and by continued care and attention to your interests,
anticipate with pleasure meeting you at a future period
with statements of a satisfactory character."
There has not been such a firm market for pub-
lic securities, and the dealing is more restricted.
Consols for the opening are 981 The New 3/
per Cents. have been 1011. to 102, and the 3 per
Cents. 991 J. Bank Stock is supported at 228- to
2291-. The premium on Exchequer Bills is 2s. to
55., and on East India Bonds 325.
Foreign Securities have been in very limited re-
quest, and with no material change in prices.
Buenos Ayres have been well supported at 62 to
63. Brazilian New 4.3/4- per Cents. have been at an
improvement to 981. Equador are steady at 5:/,
and Mexican firm at 28 to y. Dutch 2i per Cents.
have been at 65. Spanish Three per Cents. are
marked 49, being a shade higher.
The Railway Share Market has been inactive,
and prices have not varied to any appreciable ex-
tent. The preliminary arrangements in connection
with the settlement have been in progress. French
Shares are steady.
_ _

The Gold Mine shares have been more active at
about the previous rates. The Joint Stock Bank
Shares have been heavy, except the South Aus-
tralia. The Land Company's shares have been
neglected.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(.From the Official List.)

Business done.
Bank Stock
3 per Cent. Reduced Annuities .. 994 1
3 per Cent. Consols Annuities
New 31 per Cent. Annuities lOl/ 2 1
Long Annuities, Exph SLI Jan., 1860 - 13-16
India Bonds, 1000 ...... 32
Bank Stock for Account 2294
Consols for Account 93
Exchequer Bills, 10.
£lOOO
£5OO
Small 2 5 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Ditto New, 1852, 4} per Cent 9P4 x
Buenos Ayres Bonds, 6 per Cent 62 3
Equa,dor Bonds
Mexican 3 per Cent.
Spanish Bonds, 3 per Cent 4O
Dividends on the above payable London.
Dutch Exchange, 2A per Cent.
Ditto 4 per Cent. Certificates 961
HALF-PAST TWO.
Consols for Opening 19th July 9S. H x d

NEWCASTLE RACES.

(THIS DAY.)

MARKET NEWS-(THIS DAY.)

COLONIAL.

(BY ELECTRIC TELEGRAPH.)

ORDER OF RUNNING.
2.3o—Third Triennial.
3. o—Trial Stakes.
3.4s—Members' Plate.
4.3o—North Derby.
5. o—Selling Stakes.
ARRIVALS.
FOR TEAS DAY'S RACES.

SUGAR.—The market is very firm, full prices having
been obtained. Two cargoes of Havana and Bahia sold at
previous rates. The quantity of British plantation landed
last week at the East and West India Docks was 2,352
hhds, 254 tierces, and 777 barrels ; there were taken for
home consumption 1,371 hhds, 177 tierces, and 691 barrels.
The stock in the same places is 10,710 hhds, 1,724 tierces,
and 3,997 barrels.
COFFEE.—This article is quiet. Good ord native Ceylon
is 465, and fine 40s Gd to 47s per cwt.
HUM.—Tho quantity landed last week at the East and
West India Docks was 480 puns, 35 hhds. There were
taken for home consumption 215 puns, 11 hhds, and ex-
ported, 11 puns, 214 hhds. The stock in the same places is
8,204 puns, 436 hhds,
RicE.—At auction 1,281 bags Bengal were all bought
in 11. 6d to 12s for mid and good white.
SALTPETRE.-013 bags Bengal offered publicly sold at
26s Gd to 27s for good mid-7;d per cent refraction, and
623 bags only partly found buyers at 25s Gd to 26s Gd for
low mid, and mid for 110 to Bid per cent, being rather
cheaper.
TALLOW.—P.Y.C. is 495. Gd. to 495. 9d. per cwt. on the
spot, and town 50s. 9d.
TEA.—The market is firm, with moderate deliveries.

Members' Plate—Lorry Wheut, Sally Warfoot colt,
Evadne, Lough Bawn, Worcester, Tomato, Ammonia,
Alfred the Great, Pearl, Agnes Wickfield, Sir Robert.
North Derby—Audibon, Honeydew, Bold Davie,
Honey wood, Lord Fauconberg.

HAY MARKETS.
SMITHFIELD.—Meadow hay, 3/ 5s to 4/ ss; clover
ditto, 4/ Os to 5/ lOs ; and straw 1/ 7s to 11 12s per load.
Supply moderate, and trade rather dull.
CUMBERLAND.—Meadow hay, 3/ 5s to 4/ 8s; clover
ditto, 4/ Os to 5/ 5s ; and straw, 1/ 8s to 1/ 14s per load.
A fair average supply, and a sluggish demand.
WHITECHAPEL.—Meadow hay, 3/ 3s to 4/ 8s ; clover
ditto, 4/ Os to Si Ss ; and straw, 1/ 7s to 1/ 12s per load.
Trade steady.

AQUA FRIA COMPANY.—The Agua Fria Company
state that they have received ;dispa:;ches by the Arabia
to the 16th of May, advising a further consignment of
2341- ounces of gold, obtained since the previous remit-
tance of April 30.
HONOUR TO SCIENCE.—From Berlin it is stated that
the King has ordered that the portrait of Jacob Grimm,
the philologist, shall be placed in the Gallery of Con-
temporary Celebrities created by him in the Palace of
Charlottenburg ; and has commissioned M. Begas, the
painter of the portraits of Humboldt and Meyerbeer in
the same collection, with the work. One of the first
acts of the King on his accession to the throne was to
recall the proscription against the brothers Grimm,
issued by his father en political grounds.
We understand that the following gentlemen will be
called to the inner bar during the present term :—Messrs.
Montague Smith, of the Western ; Edward James and
Stephen Temple, of the Northern ; and W. E. Grove,
of the South Wales circuit. *