The Sun.
London, England, 1854-07-07 00:00:00

£27,483,935 f £27, 32,635
M. MARSHALL, Chief Cashier.

Dated the 6th day of July, 1854.

BANKING DEPARTMENT.

Proprietors' capital .. 14,553,000
Rest.... .. 3,229,79 l
Public deposits (in-
cluding Exchequer,
Commissioners of
National Debt, Say-
Mg's Banks, and
Dividend Accounts) 5,315,198
Other deposits ...... 11,119,344
Seven Day end other

Government securities

(neludg.Dead Weight
Annuity) .... .• • • . 10,332,795
Other securities...—. 16,750,401
Notes • • • 7,385,205
Gold and silver coin.. 731,613

982,681

X 35,200,014

£35.200.014
. MARSHALL, Chief Cashier.

Dated the 6th day of July, 1854,

PRICE OF SUGAR.
The average price of Brown or Muscovado Sugar com-
puted from the returns made in the week ending the 4th
July, 1854, is 225. 4.1 d. per hundredweight, exclusive of
the duties of Customs' paid or payable thereon on the im-
portation thereof into Great Britain.

MARKET INT ELLIGENCE.

( From the London Yew Price Current of this day.)

SUGAR.—To-day the British plantation sugar market
closed with a dull appearance, and prices compared with
last Friday show a reduction of 6d to is per cwt. At auc-
tion 103 hhds, 30 trcs, and 200 brls Baibadoes went at 32s
to 34s 6d for brown, and 33s to 37s for low to fine yellow,
Operations were 276, making 1,002 hhds, &c., for the week.
REFINED.—Another reduction being taken to-day for
refined sugar, induced home dealers to operate more freely;
brown lumps are 43s 6d to 445, and low to fine grocery 44s
to 48s 6d, at which many parcels were sold.
MAIIRITIIIS.—Extensive arrivals have taken place, and
there is a reduction of 6d per cwt. To-day the public sales
of Mauritius sugar went off quietly, and prices compared
with those of this day week show a reduction of 6d to is
per cwt. The quantity offered was 9,300 bags, and nearly
all sold.
EAST INDIA.—To-day a public sale of 1,078 bags Penang
went at easier rates ; mid to fine brown at 28s 6d to 29s
6d, and ord to mid yellow 30s to 31s 6d. There was no
public sale of Bengal, ani little was done privately.
FOREIGN —Little done in sugar, either for shipping or
home trade purposes, and sellers are willing to accept pre-
vious rates. At auction 140 hh 1.- and 150 brls St. Croix
went at 38s to 41s for good to fine yellow.
Co FFEE.—Deman d decreased for Native Ceylon this week,
and prices rather declined, a limited business being done at
43s 6d to 44s for low to good ord, and fine at 44s 6d per cwt.
To-day Plantation Ceylon Coffee realised full rates, but
there was only a moderate demand. At auction 70 easks
were sold— low to mict at 58s to 59s ; other sorts 54s to 575.
Of Jamaica 22 casks and 10 bays realised 52e to 53s 6d for
fine ord ; and 97 bags Madras at 51s 6d to 51s for fine ord.
A quiet market for Native Ceylon at 43s 6d to 44s for
low to good ord.
TEA.—A further decrease has taken place in lower sorts
of Congou, and rates rather declined, supply being more
plentiful. There is no actual fall for better kinds, still the
trade are reluctant to operate. Prices for low to good ord
101 d to 11d, rather blackish to blackish leaf llid to ls 3id,
strong to Pekoe sorts is 4d to 2s 6d. In Pouchong little
has been done, and 8d to 10d accepted, stock keeping on
the increase. In the best souchong several purchases have
been made at is 10d to 2s 6d, but other sorts have been
dealt in with caution at is to is 9d. A quiet market for
Oolong, with sellers at from is to 2s 6d. Prices rule at
from 9d to is 8d according to quality. Of flowery pekoe
many parcels have been sold, ord at is ld to is 3d, fair to
good is 4,1 to is 10d, and better sorts 2s to 3s 2d. At all
the ports stock of tea is 12,0J0,000 lbs. over the previous
season.
TALLOW.—Operations in Russian by the trade and specu-
lators have been much larger than in the previous week,
and an advance has taken place of 2s to 2s 6d per cwt.
First sort pale yellow candle on the spot realising
66s 6d to 67s Od, and for delivery 67s 6d to 69s Od,
according to periods. Home melted has sold freely, and
the currency is now 65s 6d cash, with a moderate supply.
In other sorts of tallow a large business has been c9n•
concluded at advanced rates : Australian, mutton, selling
at 62s to 675, beef 59s to 635, and South American 59s to
67s per cwt. The quantity offered at auction this after-
noon was 400 casks. There is a larger stock thanin the
former year by 13,000 casks, and the difference in price is
14s per cwt.

OI- •
LS.—To-day
.advanced rates were obtained for cocoa
nut. At auction 140 packages were sold—Ceylon at 47s
to 48s 6d, and Cochin 48s 9d to 50s. 3d. Of East India
fish oils 45 barrels realised 351. to 355. 10s. Seal is lower ;
60 tons ware sold, pale at 401., tinged 381. 10s. to 391. 155.,
and 5 tierces cod at 391. per tun.

COURSE OF EXCHANGE—THis DAT.
Amsterdam ............ 11 15% Gibraltar ..............
Ditto, three months .. 11 17% ueghorn .......Rotterdam . 11 17 % Genoa ....... 30 50
Antwerp .............. 25 27% Stilan .
Brussels .............. 25 27% Venice ....... .........
Altona • •...............
Hamburgh ............ 13 6 'Naples ................ 42%
• •• .. ;Palermo .............. 126%
Paris..
Ditto, three months • • 25 30 !Lisbon ........... . 53
Marseilles. .• •
Bourdeaux ...• ;Rio Janeiro
Frankfort-on-Maine .... 118% . Buenos Ayres
••
...
Berlin .. • ............. New York, 60 days' sight
Vienna .. • • ............ 12 58 Philadelphia
Trieste ••• • • • ...... ••.. 13 0 PRICES OF BULLION, PER OZ.
Petersburg Z......• 36N Foreign Gold in Bars £3 17 9
Madrid ................ 497 i Portugal Gold Coln .. 0 0 0
Cadiz 50 Mexican Dollars .... 0 0 0
Barcelona • .... .; New Dollars ...... 0 0

Seville .....

Silver in bars .....

0
0 0 0

SHIPPING INT ELLIGENOR.

LIVERPOOL, July 6.—Several icebergs, of a large size,
were passed, June 16, lat. 41 N., long. 48 W., by the May-
flower, arrived here from Apalachicola. The Nuova Pro-
videnza, from Genoa to Troon, went ashore at Ardglass,
county Down, July 2, and expected to be a total wreck.
BATHURST (Rio Gambia), May 30.—A case, containing
2,00 J/. specie, consigned to Messrs. A. Marlon, of this port,
was lost overboard in 11 fathoms water, whilst being trans-
ferred from the Bacchante (ship), which arrived here, May
10, into a boat, for the purpose of being landed ; all at-
tempts to recover it have been as yet without success.
AMSTERDAM, July 3.—The Johanna Hendrika, Batavia
to Amsterdam, was struck by a waterspout, 14th May, in
lat. 5 N., long. 23 W., and had her rigging carried away,
and foremast sprunr, in three places, and received assist-
ance the following clay from the Seringapatam, of Bristol.
N.B.—The Johanna Hendrika, from Samarang, arrived off
Falmouth, July♦ 2, with foremast carried away.
NEW YORK, June 23.—The Cornelia, arrived from henna
at Quebec, reports having seen on the 12th June a large
ship ashore on Anticosti, about 15 miles from the west
end. She had apparently gone on the day before.

VESSELS SPOKEN WITH.
The Julie, Ceylon to Hamburgh, April 12, lat. 32 S.,
long. 32 E.
The Hanover and Queen of the Sea, bound south, June
26, lat. 46 N., long. 11 W.
The Pons Liverpool to Melbourne, June 2, lat. 4
N., long. 20 W.
The Toronto, June 18, lat. 33 N., long. 33 W.; Ida,
Manilla to Queenstown, same day.
Russian frigate, supposed the Diana, from Valparaiso,
bound N.W., April 7, lat. 15 N., long. 93 W.
The Shel et Fiat, Africa to Liverpool, June 17, lat. 33
N. long. 38 W.

The Conrad, from Buenos Ayres, June 22, lat. 39 N.,
long. 30 W.
The Louisa, Barbadoes to London, June 10, lat. 31 N.,
long. 56 W.
The Oldenburgh barque, with passengers, showing
white flag, and No, 108 on it, June 26, lat. 53 N., long.
27 W.

The Lady Franklin, May 3, lat. 35, long. 16.
The Sampson (schooner), for Melbourne, June 1, lat. 4,
long. 24.
The Eastern Star, of and for Boston, June 14, lat. 43
N., long. 52 W.
The King William (barque), of Liverpool, outward
bound, June 29, lat. 50 N., long. 70 W.
The Cato, Boston to Calcutta, April 22, lat. 22 S.,
long. 30.
The Lucy L. Hale, Calcutta to Boston, June 20, off
George's.

The Onward, Havre to New York, May 29, long. 29.
The Empire State, Liverpool to New York, May 31, lat.
42, long. 34.
The Bulgeisteyn, London to Sydney, N.S.W., June 4,
lat.
_9 N., long. 26 W.

Tho Felton, from Melbourne, Juno 11, lat. 25 N., long.
40 W.

The Zelia, bound to West Indi•s, June 8, lat. 21 N.,
long. 36 W.
The Earl, for New York, June 14, lat. 44 N., long.
49 W.

The Pursuit, Sierra Leone to Falmouth, June 11, lat. 19
N., long. 36 W.

RAGS FOR MAKING PAPER.—Our import of rags for
making paper varies from 7000 to 10,000 tons in a year;
a return just issued shows that last year it was 9,687
tons. Our export has seldom exceeded 500 tons, but in
1852 it suddenly rose to 1,744 tons, and in 1853 no less
than 2,462 tens, almost all British and Irish, were ex-
ported.
at;bnyarTdarntsnhesnnebgaAetrie;miltaeshinr.—SOUTFlAMPTON, Thursday, July 6._
The Peninsular and Oriental Steam Navigation Com-
PanY's ship Tagus, Captain J. K. Joy, sailed this after-
noon for Gibraltar, Malta, and Alexandria, taking out
the
heavy Portion of the East India, China, Mediter-
ranean, and Australian mails, the latter to be forwarded
ov2niBc4g2,
4w Singapore.oh7oin:
are 1 ‘
TTheaj o
Major
Tagus
Munroe,takes
Captain out 5 7
Navin6tc, having nYr'do oenPoua 1
Malta.
ling., of (T. freights pecie value 299,377/. 3s. Bd. ster-
fTorripe, AssiAtant-Commissary Horne,
Australia,The 10,450/. for Alexandria, leBxda'n dirsi a for India,
d6i,15,201. China,for
Tagus has no cargo for Malta or Alexandria,
*Alia. light PaelEagen for India and Ana-

IMPERIAL PARLIAMENT.

HOUSE OF LORDS—(YESTERDAY.)
OXFORD UNIVERSITY BILL.
Lord CANNING Moved the second reading of the
Oxford University ilill. Having traced the various
phases of the question from a period anterior to the
issue of the commission of inquiry, the noble lord said
the spirit in which legislation was now proposed was that
of a desire to lay down, beyond the risk of disturbance,
the fnndamental principle of representation in the go-
vernment of the university. The bill, therefore, whilst
prescribing, in an obligatory form, certain changes, left
both the university and the colleges at liberty, to a
limited extent, to carry out that principle. Having vin-
dicated the authority of Parliament over the university,
he described the constitution and functions of the govern.
ing body as proposed by the bill, observing that, being
based upon representation, it seemed responsibility and
harmonious action. Provision was next made for the
establishment of private halls, by which poor students
would be enabled to reap the benefits of university edu-
cation without incurring the heavy expenses attendant
on residence iu colleges. At present the expenses of an
undergraduate, at any college or ball, for three years,
could not be estimated at less than 600/. ; and he knew
lof no better way of reducing this great amount than by
enabling masters to open their houses as private halls.
The principle of competition was thereby introduced,
from which he anticipated great benefits to persons of
moderate means in the education of their sons. This
competition in tuition would elevate the character of the
teachers and improve the class of fellows in some of the
colleges ; and it was a provision which the Govenment
could on no account consent to yield or modify, believing,
as they did, it was much more advantageous to the univer-
sity itself than the scheme suggested by the hebdomadal
board. He then referred to the changes made in the
measure since its first introduction, and vindi-
cated the policy of the Government in accepting
them. Their general effect in the most important par-
ticulars was to render the measure of an enabling cha-
racter, and he denied that in any respect they were open
to the charge of spoliation or disregard of founders'
intentions. The right of preference belonging to schools
would not be abolished, and the commissioners would
have power to aid the enlargement of the professoriate
for the benefit of the university. He next described the
machinery by which the bill would be carried out. Com-
missioners were appointed, whose powers he admitted
were extensive, but they were not dangerous, whilst
they were effective for the object in view. Two clauses
were in the bill as it now stood which had been intro-
duced into it during its passage through the House of
Commons. He alluded to those which provided that no
oath should be necessary on matriculation save the oath
of allegiance, nor upon taking the first degree. The
object of these clauses was the admission of Dissenters
to the benefits of the university. He frankly admitted
that the Government would have preferred the decision
of this question to have been left to the university itself ;
but a large majority in the other house, composed in
part of persons who bad been prominent in asserting the
privileges of Oxford, bad decided otherwise. Having
traced the progress of legislation in favour of Dissent-
ers of late years, he submitted that their admission to
university privileges could not now be refused, regard
being paid to the relations subsisting between the uni-
versity and the State. The noble lord concluded by
urging upon the house that the changes now proposed
would enable the University of Oxford to fulfil its edu-
cational duties in a manner satisfactory to the country.
The Earl of DERBY congratulated Lord Canning
upon having, on the 6th day of July, been the only mem-
ber of the Government who had been able to bring for-
ward any of the measures promised at the beginning of
the session which had obtained the sanction of
the House of Commons. Ironically observing that it
had gone through five editions, and the most remarkable
metamorphoses, he said that nevertheless it contained
a great deal of matter that required most serious con-
sideration. This was the first direct interference of Par-
liament with the internal constitution and management
of either of the great universities ; and he contended
that it went beyond what was necessary to effect the al-
terations required in the discipline of the university. A
measure of an enabling character, if introduced with a
friendiy feeling, and in due communication with the go-
verning body, would have done all that was necessary.
The university itself, however, had sought to amend its
own constitution, and to extend its benefits. When he
was in office, application was made to him for a charter
enabling the university to deal with the Caroline sta-
tutes, to alter the constitution of the governing body,
and to restrict in certain respects the law of mortmain.
He advised, however, that a petition to the Crown for a
charter should not be presented until an act of Par-
liament had been passed of an enabling character ; but
within a month from that period he resigned office. The
present Government then intimated their intention of
dealing with the question of reform ; but beyond the re-
commendations of the royal commissioners, the univer-
sity had no means of knowing what was expected from
them. The university lost no time in applying them-
selves to the consideration of those recommendations,
and, having done so, they issued a report, the merits of
which deserved their lordships' most favourable regard. 1
Complaining that the university had no knowledge what-
ever of the intentions and requirements of the Govern-
ment until the 17th March last, when the first bill was
printed, he compared the constitution of the governing
body of the university as proposed by the bill and that
proposed by the hebdomadal board. The result of the
comparison was a conclusion that the body contemplated
by the bill would prove useless, obstructive, and mis-
chievous, whilst that proposed by the university was
more liberal in its character and more likely to produce
unity of action. The university had not manifested the
sensitiveness which he expected on the appointment of
commissioners ; but he regarded it as a dangerous pre-
cedent, destructive to the independence of the university.
As he did not desire to prevent legislation on this sub-
ject, he should abstain from opposing their appointment;
but he should endeavour to place some further limitation
upon their powers. In committee he should move se-
veral amendments, one of which would be, that the le-
gislation of the colleges, to give effect to their own sta-
tutes, should be with the consent of their visitors. He
should further object to the provision which required
that no oath taken by any officer of the university, or of
any college, should be pleadable in bar to the authority
of the commissioners. He objected, too, to the esta-
blishment of private halls, and contended that his noble
friend had greatly exaggerated the necessary expenses of
a university education. He estimated them at less than
one-half the amount which had been stated, and he de-
nied that private halls could give either so good or so
cheap an education as the colleges. They would subvert
and destroy the discipline of the university and establish
mischievous distinctions ; whilst he submitted that the
university might be extended without them—through
means which he pointed out—and which already prevailed
in Dublin. He expressed a fear that these halls, in con-
nection with the operation of the clauses abolishing the
oath on matriculation and admission to the first degree,
would introduce elements of discord fatal to discipline.
The noble lord concluded by shadowing forth the nature
of the amendments he intended to move in committee.
Lord CANNING then replied, and the bill was read
the second time without further discussion.
Some other bills on the paper were forwarded a stage,
and their lordships adjourned at nine o'clock.

HOUSE OF COMMONS—(YESTERDAY.)
THE PARKS.
An HON. MEMBER begged, on the part of the hon. mem-
ber for Dumfries (Mr. E wart), to inquire of the First Com-
missioner of Public Works, whether there is any prospect
that the home-park at Hampton-Court Palace will be
thrown open to the public ; also, whether seats will be
provided round the trees in Kensington-gardens as well as
in Hyde-park for the accommodation of tho public ? The
honourable gentleman also wished to know if the seats
would be covered.
Sir W. MOLESWORTH—In reply to the first question
I have to inform the honourable gentleman that I have
no power whatever over the home park, or Hampton-court
Palace or park ; and I am not aware of any prospect of
their being so opened. With regard to the second ques-
tion, I have to state that 120 seats have been ordered for
the parks, 60 of those seats will be put in St. James's-
park, Hyde-park, and Kensington-gardens; and some of
the seats will be under the trees in Kensington-gardens,
but there is no intention to have them covered.
IMPLEMENTS FOR THE CAMPAIGN.
Mr. HADFIELD begged to ask the Clerk of the Ord-
nance whether any complaint has reached the board rela-
tive to the bad quality of the hatchets and otherimple-
ments issued to the troops in Turkey; and whether the
saidby and of ho
articles werewmamnuf and whetheracturedo purchase
competitionrchase
d
mitted ? atSheisffipeledr,
and.

Mr. MONSELL—In answer to the question of the hon.
gentleman, I beg, in the first place, to put him out of
all pain and apprehension on the subject. The articles
referred to Web not manufactured or purchased in the town
of Sheffield, but I shall be able to show him that if
they had been obtained there they would have done no dis-
credit to that town. The statement in the paper to which
the hon. gentleman refers me is first, that the hatchets,
bill-hooks, and adzes furnished 'to the men of the various
regiments in the East reof a bad quality ; and next, that
the tools of the
not a sufficient sappersy. With regard to the second point,
I have received a communication, which I shall read, from
Sir John Burgoyne. Burgoy supply. a and miners are bad, and there is
He says that the commanding engi-
neer in the East has not made any complaint about the
quality of the entrenching tools sent out. As regards the
quantity, it was sufficient for the operations at Gallipoli ;
but though there was some apprehension, from the addi-
tional supply being detained at Malta, that they would not
have arrived in time, only a few were required, which
were purchased at Constantinople, and the further supply
was received from Malta. (Hear.) With regard to the
other
point, in reference to the hatchets, bill-hooks, and
adzes, that were said to be furnished to the army in the
East, there are no hatchets furnished to the army, neither
are there adzes. I presume the writer meant axes ; both
bill-hooks and axes have been supplied to the army in the
East. A complaint was sent—l think, from the Guards,
through Lord Raglan—to the Ordnance, with regard to
the structure of the bill-hooks and the quality of the axes ;
and the explanation sent by the Ordnance to Lord Raglan
was considered entirely satisfactory. (Hoar, hear.)
When this subject was brought to my attention by the
honourable member for Sheffield, I caused different spe-
cimens of the articles to be brought up from the stores,
and had them examined by Sir John Burgoyne and
other competent persons, and they considered that as to
pattern and quality they were excellent. It would be
strange if it were not so, for the patterns were arranged,
after the most careful consideration, by a committee in
1827, assisted by Major-General Miller, Major Jones, and
Mr. Wright, then senior clerk of the works in the employ-
ment of the Ordnance. Tenders are issued for those ma-
terials, and the specifications are extremely minute. The
articles are furnished, not by open competition, but con-
tractors of proved respectability are put upon the Ord-
nance list. When these articles are required copies of
tenders are sent to those persons and they send in their
tenders. Therefore, it is not correct to say that respect-
able and competent persons have to contend with persons
who are not respectable. There has been since these com-
plaints have been made a committee apointed by the
Board of Ordnance, with an engineer officer at the head of
them; and though they iinTo not yet concluded their la,

hours, in their opinion the articles submitted to them are
of good quality and proper character. (Hear, hear.) The
axes to which I presume reference is made have been sup-
plied by Mr. Elwin, the eminent manufacturer of Wed-
nesbury, from a pattern brought over by the Guards from
America, after the rebellion in Canada, and it was con-
sidered the best for the purpose that it was possible to get.
As to the question whether the people of Sheffield would
be allowed to compete for these articles on fair terms, I
beg to inform the hon. gentleman that no greater service
can bo rendered to the Ordnance than that those gentle-
men should compete for these articles, and every facility
shall be given to them to do so. It is an error to think
that nothing is considered but the price, for the quality of
the articles is severely tested; and never have there been
any complaints as to the mode in which the review of the
articles has been conducted, except that the review has
been considersd by some persons to be too strict.