The Sun.
London, England, 1854-04-27 00:00:00

buted to the want of personal interest appa-

rently felt by the Directors, the bad system
pursued by them in almost every department, the
heavy losses by the manner in which the contract
for the works was let, the unnecessary charges for
engineering, and the extravagant sums charged to
land account, with the excessive allowances to soli-
tors. The liabilities are found to be so much larger
than the Directors had stated, that the Committee
consider it is a question for the grave consideration
of the proprietors how it is to be met. The
Committee recommend an entire change in the
Board of Direction, although acquitting the
local Director, Mr. Smithwick, who continually re-
monstrated against the proceeding of his colleagues.
The Great Southern and Western, and the Irish
South Eastern Railway Companies have given the
strongest assurances of their desire to work amica-
bly with the Waterford and Kilkenny Company
under improved management, and the Committee
believe that by great exertion the line could be
brought into a far more satisfactory position and
secure a large increase of traffic. The present
Directors have given every facility for the investi-
gation.
The committee appointed by the Equador Bond-
holders has made a draft report to its constituents,
and although, as usual, in dealing with the affairs
of the Spanish American republics, there is great
difficulty in making sensible progress, the exertions
used appear likely to bear some fruit, and Mr.
Mocatta, who has returned, brings information
indicative of sources for profitable enterprise.
The description of the republic of Ecuador, from
official data, is both interesting and encouraging,
especially with reference to the Galapagos Islands.
In a " Minute" the committee remark :
"The important and comprehensive concessions to our
association, which have been confirmed by the late decree
of the Government and Legislature of the Ecuador, de-
mand our prompt and vigorous action.
" Meanwhile, having received formal reports of sundry
former concessions, now either extinct, in abeyance, or
superseded in our favour, we should be glad to learn if
there have been interested in such old concessions men of
science, energy, and enterprise, who might be eligible co-
adjutors, auxiliaries, or employes, in some of our under-
takings. No doubt, if such there be, possessing informa-
tion and useful qualifications in return for which
our resources might be made available, the object of all
parties might be promoted harmoniously.
" Moreover, if there exist other interests in other corm-
tries, with which our own exclusive privileges might pos-
sibly conflict, then the occasion to extend our relations
might arise, leading to alliances and combinations advan-
tageous to all parties, including our numerous and influen-
tial subscribers in the other money-markets of Europe.
" Mons. W. de Mandeville, for many years Charge
d'Affaires for France, at Quito, a gentleman of large expe-
rience and high standing, has been the grantee of certain
auriferous concessions, which he has already prosecuted to
such an extent as satisfies his friends of their value. John
Field, Esq., one of your committee, having satisfied him-
self in Paris of the good faith of the overtures made by M.
de Mendeville, and enlisted a confidential and competent
agent as the medium of preliminary negotiations, the Se-
cretary eventually proceeded to Paris, and negotiated the
basis of a combination of M. de Mendeville's interest and
resources with your own. Your committee trust that
the principles of the proposed union will, when prepared
for ratification, be found just and expedient. Meanwhile,
the committee have in charge, from M. de Mandeville, cer-
tain very valuable and unique MS. maps of the State of
Ecuador, on a large scale, besides others of the auriferous
regions which have been already explored. Parcels and
specimens of the gold extracted and collected during M. de
Mandeville's own survey, at the points indicated in the
M.S. map which accompanied his report, are open for in-
spection."
Tho Bank of England has not altered its rate of
discount to-day.
The English Stock Market has been very in-
active, and prices have fluctuated but little. Con-
sols have been 87 to 87i for transfer, and the same
for account. The New 34 per Cents. have been
86i to 871, and the 3 per Cents. 86 to 1. There
is not expected to be much doing until nearer the
2d of May, when the Exchequer Bond scheme will
be proved successful or the reverse. Exchequer
Bills suffer by the greater demand for cash, and
have receded to ls. par and discount. Bank Stock
also is worse, viz., 208, and since 205.
Foreign Securities have been dull, and mostly
rather flatter. Mexican are 234, and if the United
States Legislature does reduce the purchase money
for the purchase of the Mesilla territory to
7,000,000 dollars will probably go lower. Grenada
Deferred Stock has been at 51. Brazilian New 4i
per Cents. have been quoted 871 to 88. Sardinian
Bonds have been done at 791. Dutch 2l per
Cents. are 56g.
The last week's railway receipts ascertained up
to this day are in round figures as under
1854. 1853.
North-Western
Brighton
Midland
South-Eastern*
Caledonian, and Edin. and Glasgow 15,814 13,126
Lancashire and Yorkshire 19,001 18,160
Yorkand North Midland,Newcastle c
?OQ ,I, 25,673
and Berwick, and Leeds Northern "`")""
* Easter week last year.

In the railway market, the arrangements con-
nected with the settlement of the account about
to close have occupied the time of the jobbers, and
prices have been rather fluctuating. York and
Berwick are a shade better, and also Caledonian.
North-Western have been lower, and South-
Western are firm. French shares are nominally
at fuller rates.
The Mining market has been flat, the Joint
Stock Bank shares are dull, and the Land Com-
panies' without alteration.

BRITISH lUNDS THIS DIY AT ONE O'CLOCK.
( From the Oficial List. )
Business dont,
Bank Stock ..... ........ ..... . .............. . 2OB 5
3 per Cent. Reduced Annuities B6
3 per Cent Consols Annuities B7i 7
New 3.1 per Cent. Annuities 874 6i 74 6/
Long Annuities, Expire sth Jan., 1860 4i 11-16
Consols for Account 11th May
Exchequer Bills, 2d.
£lOOO .
Small 2 4 p

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Ceut.
Ditto Small
New Brazilianßonds, 1829 & 39, 5 per Cent B7i 8
Grenada Bonds, Deferred
Mexican 3 per Cont.
Sardinian Bonds, 5 per Cent 79
Dividends on the above payable In London.
Dutch Exchange, 24 per Cent. 12 Guil
HALF-PAST TWO.
Consols 874
Ditto May Account

COURT OF BANKRUPTCY.--(THIS DAY.

(Before Mr. Commissioner Evans.)
ADJOURNMENT SINE DIE.-IN RE COLTER.

This bankrupt was described as of High Holborn,
licensed victualler, and to-day was appointed for his last

examination.

The balance sheet, prepared by Mr. Perkins, Coleman-
street, commencing July 1, 1853, and ending 15th March
last, shows—Dr. to creditors, 263/, 16s. Bd. ; to ditto
holding security, 9051. Bs. sd. ; capital, 550/. Creditor :
Property given up, 1041. Bs. ; to ditto in the bands of
creditors (Messrs. Whitbread, who hold the lease), 8001.;
trade expenses, 3191. Bs. 9d. ; household, 2301. ; losses,
4431.
The assignees opposed, on the ground of the unsatis-
factory state of the account; and asked for an adjourn•
went sine die.
Mr. Linklater, for the bankrupt, urged that he had
not acted in any way to justify such an application. He
had commenced with a large capital, which he had lost,
and now gave up property. It was true that he had
not kept regular accounts, but those rendered were the
best he could furnish, and an adjournment sine die would
have the effect of depriving the bankrupt of his certifi-
cate for life.
His honour thought better accounts might be rendered,
and adjourned the case sine die, with limited protection.

IN RE BERYTHEIL.
In the case of this bankrupt (formerly merchant at
Natal, Africa, and Abchurch-lane, &c., London) part
heard and reported last week, and adjourned till to-day,
Was postponed till Thursday next.