The Sun.
London, England, 1853-04-06 00:00:00

MONEY AND COMMERCIAL NEWS.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday
were estimated at 8,000 bales, of which 2,00°
American were taken for export and on specula"
tion. The market was firm at previous rates. The,
sales comprised 7,000 American, 300 Pernam
Masinham, at 61d. to 7id. ; 200 Egyptian, at 6cl,
to 10d., and 200 Surat at 3td. to 4id. per lb.
Railway shares were very dull.
The foreign exchanges were very firm yesterday
afternoon. Three months' bills were taken ar
Paris, at 25 271 to 30 ; Amsterdam, 11 181 to 19;
Hamburgh, 13 71 to 8 ; and Trieste, 11 6 to 10.
The crude reports yesterday circulated concern'
ing the financial intentions of the Chancellor of the
Exchequer have resolved themselves into some'
thing more tangible, and it is now the belief that
there will be an endeavour to issue debenturee,
bearing interest at the rate of 2, per cent., secured,
for twenty years. We have heard a good dent
of discussion in monetary and Stock Exchange
circles respecting the probable success of this
attempt, and, upon the whole, opinion is ify
vourablo. There are difficulties in the waif
unquestionably, but the whole matter will De
in the nature of an experiment, and it is propel
that something of the kind should be attemptedi
when we see foreign loans and undertakings (lA'
brought forward in consequence of the facility of
foxed here for raising money. It is high time Or
own Government should endeavour to profit bl
the exalted state of our credit ; and although it
might not be possible to reduce the interest on
Consols while they stand so very little above par;
the scheme proposed will perhaps insensibly lea;
to a future conversion. Upon the first blush it won?
seem that Exchequer Bills could not be kept 111
circulation supposing Debentures were issued, be'
cause the former bears a much lower rate of IT
terest than 21 per cent. It should be recollected
however, that the floating debt is of a very peal,
liar and convenient character. Bankers can scarce')
venture to place any of their surplus in other
vestments, because Exchequer Bills constitute what
is termed in Stock Exchange parlance, " a ei*,
upon the Government at par," that is to say, at
given date from the period of issue, the holdel
is entitled to receive back the full amount
of his capital. Under any circumstances, therefore+
the monied man who can afford to keep the securlti
until the day of payment arrives, is secure agalns.
loss. He may have all the chance in the meanildlo
of selling out at a profit, according to the rise 4
the premium. But, it will be objected, perhak
that there have been periods when Exchequer DI):
have ruled at a discount. This again is correct ; be,
with the changeable character of our Money 1%
ket there is no obviating such a result, and certal
there is no security so little exposed to variation ailu,
safe as regards the capital. We believe, on tPO
other hand, that the proposed 2i per Cent. Debei/i
tures would find favour with those who may vine
an investment for two or three months, and disll,4
the trouble of attending at the Bank to trans',
stock, while the issue of the Debentures] with ty,
coupons attached would enable any one to sencl.l.ll4i
his dividend warrant to an agent without the ISt
trouble. Further, a guarantee for 20 years is vrdr
something, whatever we may think of a converel,d°
of Consols, when the 3 • per Cent. Stock ranr,
steadily at 5 or 6 per cent. above par, our Goven
ment will unquestionably make the attempt, apt,
there are more improbable thing than this, 11°
withstanding the new outlets for our surplus d'J
it
pital. The extent to which the public may thly
proper to exchange Consols for debentures will
a fair test of the popularity of the new 01;:
sure, supposing that the Stock Exchange
got the right version. The very import";
information has _been received from l'
of the intention of the French GovernJl
to grant power to execute a great Central,
way, with a 99 years' lease, which is calculated t0,,e4,
ercise a material influence upon our money mar-'
the main stipulation being that the whole 0,1114
to be raised in London. Louis Napoleon wi'tjj
considers that the Paris Bourse would not bear
weight of such a gigantic operation ; and profit
as the scheme may be, we cannot but express
opinion that such a large demand upon our d
sources for absorption in foreign countries, shc'efr
render parties exceedingly cautious as to tlity
gagements they contract. It is just possible 'to
the whole power of the Australian gold ins ol;
may be neutralised by the rapidity with 01
loans and companies are being brought out.
The amount of revenue to be invested 111,efF
redemption of Stock during. the present quar'..S
about 600,0001., or more than for a consider'
period.
1,0"

The funds are extremely firm, and tend up.
the Government measure being favourably thouli
of. Consols have been quoted 100* to ± for
for, and 100 f to k for account, being a rise
The New Three-and-a-Quarter per Cents.
been worth 1021 to 4, and the Three per u"yi
99g to Bank Stock has been done, ex. 40:4
dead, at 224 to 225. Exchequer Bills of d_AHr
are 6s. to 10s., and of those of March 10s. Pr'
East India Bonds are at 435. to 48s. prenodwf: ari
Foreign securities have been less buoyanvlto
the speculators seem to be realising theirpr 4
the late advance. Mexican Bonds are hea..aa''
27 to f ; Peruvian Scrip is worth 34 to 4
Chili= 3 per Cents, are at 82 ; and Brazil 0!
per Cents. at 99 ; Spanish Certificates are blactr
Bg, and the intelligence just received from ?U
sad
indicates that the opposition to the,,,,rt,y
loan will prove very formidable in the (if
Still many conceive that the Governmen'iot
have a majority. The New Deferred Stoelo!
244 to 1. Dutch 4 per Cents. have been cle'iltr
96/, after having realised 97i ex dividend. el
scan Bonds are 117-i to /. Portuguese 4 per to
have been at 39k, and it is said there are
more favourable terms offered to the holders.
The Railway Share Market is firmer in Wei:"
though there is not much business doing. -r jjef
Shares are flatter in consequence of the new s°
cics
coming out. Upper India have again been
as high as premium.
The Gold Mine Shares are quiet, but firte•
The Land Company's Shares are healleii
British American Land have improved, after.
63 to 66.
The Joint Stock Bank Shares are very fiat" Ott
there is still a disposition to sell. BOY
Chartered Banks of Australia are lower.

BRITISH FUNDS AT ONE O'CLOO Till g. 9A
(From the Official t 4 Bu dik
&West; 1
Bank Stock ... . .... ... - ...... . 224, 4 5
3 per Cent. Reduced Annuities.... ..... 99
3 per Cent. Consols Annuities
• I. 1 i
New 31 Per Cent. Annuities
Long Annuities,
India Bonds, £lOOO .............................. 43 8
Account Consols for Expire sth Jan., 1869 ..... 5154266
......................... .. 100 i 5 i....d
Exchequer Bills, 11d. June. Dv-
£looo .................................... 710 6 10
ti
2500 .......................................
5ma11.......................................
1385p2e,r4kpnetr. . C.. e. ni
PRICE OF FOREIGN FUNS rT,OCS
...
........
...
..
................................ 0%.---
Brazilian Bonds, 5 per Cent . S
Chi 1 iDittoa Bonds,NewMexican 3 per Cent..........
Portuguese 5 per Ce.n..t.'.... ..
I 5 /
Ditto, 4 per Cent
Peruvian
scrip
~.
..................
Russian Bonds, 5 per Cent.
Ditto, 4i per
Sardinian Bonds, cent
senpter Cent. 11R
Spanish New Deferred, 3 Per Cent lO4 3
99/ f
Spanish Committee Cert. of Coup. not fun, 824/ 4 6 I‘:
Venezuela Bonds 3i per Cent.
Ditto Deferred, 1 per Cent
17i 1
Dutch Exchange 2i per Cent
Ditto 4 per Cent. Certificates..
_44
HALF-PAST ril.
Consols ' .... 04 1
Ditto April Account ........................ 1C94

„.;str,
THE EARL OF CARLISLE.—On Monday the mak; ea"”`
and Town-Council of Edinburgh presented the iritY
of the city to the Earl of Carlisle "in testimony
regard for him as an enlightened statesman, theird tY4
ration of his active and generous philanthropy) 313
gratitude for his services in promoting the social 3 1,
tellectual elevation of the people." The noble efoe,
graceful and happy terms, acknowledged the coreliiiii
thus paid him. Ile told the Lord Provost, t'a 11%
valued the honour conferred on him all the nl°l'o
its being unconnected with any consideratif4be
mere party politics. Civil and religious
the abolition of slavery, and free trade P`j,
ways enlisted his warmest sympathy and 313,,tpief
He had endeavoured to allay religious and oib
animosities, to extend popular education,
„„3 ",;
promote all that could polish, elevate, and retwr4
bulk of his fellow-countrymen. It was highly
ing to him to find himself so favourably esteemed,, Pt„
ancient capital of the Scottish monarchy—a
which some kin& of royalty would never depery oP
sat enthroned in natural and architectural beautYj
native rock, with the encircling hills around her 3:A).tb
sparkling estuary at her feet—and which" retaie7seer
sovereignty of intellect derived by her from a le9, 11;41i
of philosophers, orators, poets, and divines, 0'; 41).4f
glowing with copious lustre amid her schools, bew '
her press, her forum, and her pulpit. The n° JO it
addressed the same evening a meeting, over ,
Lord Panmure presided, for the promotion of
Schools.
00
ANTIQUITIES AT WOOLWICH.—A party of 0
employed in excavating the ground at the rel 0,6
buildings of the boring department, in the Pig f
came upon a number of antiquities—consisting °l.oi3f?
in pottery, human remains, and an urn 09,00petir
burned bones. The vessels are described as oft
construction, although made of a red brick °-
their forms are remarkable."

, •
•
THE SUN,
LONDON, WEDNESDAY EVE
....-.......-___
----,
IMPERIAL PARLIAMENT. THE REVENUE FOR THE YEAR AND QUARTER ENDING APRIL 5t .
T. 1853.
I •••• , • y
HOUSE OF COMMONS--(THIS DAY.) . .
No. L-An Abstract if the Net Produce of the Revenue of Great Britain in the Years and Quarters ended sth April, 1852 and 1853, showing the Increase and Decrease
The SPEAKER took the chair shortly after 12 o'clock. ' thereof.
The London Market and Slaughter-house Bill was --
xead a second time. ucearert 9 ENDED YEAR ' QUARTERS ENDED YEAR ended April 5. Quart m• ended April 5.
ended r-- " , ended r- _.,.. ..., r.--__,_-_-_--,
PETITIONS. July 5, Oct. 10, Jan. 5, April 5, Aprils; July 5, Oct. 10, Jan. 5, April 5, April 5,
Mr. GEORGE presented a petition from Kilrush, 1851 1851 1852 1852 1852 1852 1852 1853 1853 1853 Increase. Decrease. Increase. Decrease.
• ---
--
complaining of the interference of the Roman Catholic-_-__
clergy in
... .-, elections in Ireland, and praying for measures Customs .............. 4,318,218 6,335,073 4,559,512 4,615,025 18,827,828 4,502,164 5,026,809 4,541,384 4,432,832 18,513,189 Customs .. .
309,243 496,955
• • 314:6. 3..9 .... 182,193
.o secure freedom of election in that country. Excise • 3,419,810 4,139,854 3,552,970 2,070,064 13,182,698 3,443,516 4,303,755 3,539,646 2,098,581 13,385,498 Excise .. .... .. .... 202,800 .. .. 2,517 ••••
Several etitions were presented against the opening of Stamps . .... .. .... .. .. 1,525,492 1,432,564 1,427,485 1,515,985 5,901,526 1,626,826 1,529,421 1,615,029 1,657,749 6,429,025 Stamps . ..... .... 527,499 141,764 •• ..
the Crystal Taxes .. .. .. .. •...• . .. 2 045 231 165,025 1,165,922 295,048 3,691,226 1,503,707 159,215 1,419,873 111,476 3,194,271 Taxes ... .. .• 183,572
Palace on Sundays - and against the admix- Property Tax.. .. .. .. .. '07481 1,870136 567,956 2,068,827 5,283,800 1,056,991 1,915,581 468,238 2,152,233 5,593,043 Property Tax.. .. ..
*non of Jews into Parliament. ' 83,408 •• ..
•• • •
Post-office ..... .. 240,000 306,000 246,000 259,000 1,051,000 230,000 261,000 272,000 282,000 1,045,000 Post-office ...
..
....
• • • • 6,000 23,000 ••••
, Sir R. INGLIS D resented several petitions from • crown Lands ..... ••• • • 30,000 40,000 40,000 80,000 190,000 60,000 40,000 80,000 72,000 252,000 Crown Lands .... .. 62,000 .... 8,000
lilaces i- -.-. - rem' . = Miscellaneous .. .... .. 91,241 28,452 30, s 7 4 41,733 192,000 202,189 17,799 32,008 19,518 271,514 Miscellaneous .... .. 79,514 •• • •
.... 22,215
u England and Scotland against the Clergy -- - ....
Reserves Tests
Bill, and against the abolition of University
Total ...... ..
Total Ordinary Revenue 12,646.873 13,317,104 11,410,419 10,945,682 48,320,078 12,625,393 13,263,580 11,968,178 16,826,389 48,683,540
.tests in Scotland. Imprest Moneys, &c. • • 139,770 124,330 117,545 140,441 522,686 212,688 137,996 142,938 221,096 714,718 Imprest Moneys, &c. 1.181,056 817,594 276,687 395,980
192,632 80,655 • •
_lli. PHINN presented a petition from Bath in favour Repaymen ts ofAdvances 123,409 165,255 372,371 88,608 749,643 216,652 234,042 491,995 171,859 1,1 I 4;548 Repaymts ofAdvncs. 364,905 •• • •
83,251
- ------ - • •
1344 I,_ll. e Aggravated Assaults Bill, and praying for the in-
Cee...4._r0.0.n of a Totxd Income .. 12,910,052 13,606,689 11,900.335 11,174,731 49,591,807 13,054,733 13,635,618 12,603,111 11,219,344 50,512,806 1,738,593 817,594 410,593
f3Dl9:e.ed:9.rsue:.ast e
clause sanctioning corporal punishment in Amount f ipplied to Con- '
“•11,....111 cases. solidatc A Fund* 7,975,091 8,794,247 7,358,212 5,695,185 29,822,735 7,620,984 8,443,718 7,647,143 5,878,939 29,590,784 817,594 r Deduct 395,980
mg "1.,,r0... BELL presented a petion from Yorkshire, pray- Ditto, as Advances .• .
J.I. r the total abolition of church rates and tithes. • Ditto, as part of Ways & ------
Increase
favor
rANE presented a petition from Barnard Means of the year ..
Lon Year. Quat Ler.
1911;48:1- ita3certdoi 11:f.a... of the diminution of the hours of labour -
Total ... 12 910 052 13,606,689 11,900,335 11,174,731 1 49,591,807 13,054,733 13,635,618 12,603,111 11,219,3441 I 50,512,806
•• i / l

PETITIONS.
Mr. GEORGE presented a petition from Kilrush,
complaining of the interference of the Roman Catholic
clergy in elections in Ireland, and praying for measures
to secure freedom of election in that country. _
Several petitions were presented against the opening of
the Crystal Palace on Sundays ; and against the admis-
*don of Jews into Parliament.
Sir R. INGLIS presented several petitions from
places in England and Scotland against the Clergy
Reserves Bill, and against the abolition of University
Testa in Scotland.
111.- PHINN presented a petition from Bath in favour
of the Aggravated Assaults Bill, and praying for the in-
sertion of a clause sanctioning corporal punishment in
certain Cases.
Min
BELL presented a petion from Yorkshire, pray-
mg f.oi the total abolition of church rates and tithes. -
Lord H. VANE presented a petition from Barnard
04stie in favor of the diminution of the hours of labour
ill :Factories.
PROBATES OF WILLS AND GRANTS OF
ADMINISTRATION BILL.
211 the motion for the second reading of the bill,
The SOLICITOR-GENERAL tlaought it was neces-
rial7 that the house should clearly understand the grounds
on which it was asked that the bill should be read a
,ileennd time. He found that it only dealt with a frag-
4.euta'ly part of the evils which now existed on this ex-
"nsi've and important subject, it being only directed to
rer.iedying the inconvenience arising from the necessity
et taking out probates and administrations in more than
'one ecclesiastical court. The bill was, however, so im-
I)erfectly worded that, in attempting to remedy that evil,
Irit Would render it ten times greater than it is at present.
e would suggest under those circumstances that the
be read a second time on the understanding that it
mileuld remain on the table until an opportunity was
afrortieri to the Government to bring in a larger measure
'PI tbs.: subject. If they were not enabled in a short time
introduce such a bill, it would then be his earnest de-
,,i3414 to engraft such provisions upon the bill now before
4r-1e house, and to so amend it as would render at least a
vonsiderable instalment of that much needed and long
T.roraise,d reform, relative to the testamentary jurisdic-
tion of: the It
country. (eers.) was his intention in
the
133-u of the GovernmentCh to altogether abolish the
in,e'xi-opolitan court of the Archbishop of York, and to
44tablish one probate court, Which should have entire
nrisdiction upon all subjecta of contentious jurisdiction
fain the :iv
i:werand Wales. He proposed, however, to re-
-y-e and .w.p,
of the existing disocesan courts to re-
Which were p
tie not exceeding a limited amount,
assrov proved in the common form. He intended
that the metre:politan court should keep a general
registry of all
all the ori wills proved throughout the country, that
r
n wills should be transmitted to it by the
toespectiveg;,al ,
dioceasan courts, who should only be required
likeep official copies for ins ction. He likewise would
PPOl,e to give power to county courts to exercise a
„untfed jurisdiction, for the purpose of administering to
Intestate as well as testate estates. The learned Solicitor-
,,V4.e,neral also entered into an explanation of the reforms
r"4'4l he intended to effect, and said, unless the hon.
einber consented to the suggestion he had thrown out,
PauPe sb•ould feel it his duty to recommend the ouse to
before the second reading of a bill which required
in, extensive modifications.
enquired whether the hon. and learned
andintended to extend the bill to Scotland and
Are ?
Tile SOLICITOR-GENERAL said he desired to ex-
_ it to these countries with some little modification, so
that henceforth a probate of -a will granted in London
theuid be of universal effect and acceptation throughout
AiNvh...,cdo K
luta% '-o.:61-LEY regretted that the hon. and learned
to I; had not given some notice of his intention
the
egnr
ta'Atide.
32„ 1:n-ig forward a scheme of such considerable
ement h
Re thought it was quite clear from
meat e had made that the bill of: the Govern-
tb e betteras in a very forward state, and if that were so,
course would be to lay it before the house
'without delay. I his • •country had some
In opinion the meson to complain of the measure being announced in
tnitecli an irregular way, for a vast number of persons were
Therested in the subject, and members ought to have
?pportunity
'rest course would be t
of giving it their serious consideration.
:ing of the bill until t tended to introduce postpone the second. rea.d-
•tresannounced whether it was in-
larger measure. (Hear.) It
would
and ld be very inconvenient to engraft the scheme of the
only ad
karned member upon a bill which was not
lya mated to be very defective, but only dealt with
an
ins'calrnent of the reform that was needed.
'41.• P.IIIILLIMORE rose and was

• • ---
(LEFT SPEAKING.

Exclusive 01

If Advances.

UNKRUPTCY COURT-(THIS DAY.

(Before Mr. Commissioner Fonblanque.)
JUDGMENT.—IN HE HOUSTON.
14,Thia bankrupt was described as of St. James's-terrace,
,rrow-road-buildings, and to-day was appointed for
,ugluent on the question of certificate, which had been
fra-vt°,lB.tiled °II the ground that the bankrupt had made a
The r„,ellt, Preference, and had not kept proper accounts..
consa7e ad been adjourned on several occasions, in
the ,1131._,ence of an action at law having been pending,
b -'Bu4t of-vvhich had been somewhat favourable to the
ji
into L, onour, after going at considerable length
the ute facts of the case said that although
Gut banicru. pt was not blameless, he had through-
carried on trade by mortgaging his property,
cud :wed 'to creditors holding security 18,000/.,
‘neY Would no doubt be paid in full ; but for the other creditors, to the extent of 2,500/., there would not be
illlE_l!xpenne. There was, however, one thing favourablees to
!f3 bankrupt, namely, that his personal expaelins. had
?.'moderate, rnodera,te, and he had been a laborioushm
The ; d
be gment of the Court was,
ttiheatdtatee
oeferptaifisseiantge
8118 Pended for 13 months from b
'e last examination, and then to e of the second
Lawrence applied for protection.
xis llonur s aid it would be granted, but only a few
Sys had to expire ; the object was to have the suspen-
sionentered on the proceedings.