The Sun.
London, England, 1853-06-29 00:00:00

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(From the Economist.)
In accordance with a bill now before Parliament, an
important change will be made, "from and after the sth
of July," in the law affecting stamps for receiptiqp.ndry
draughts, or bills payable on demand to bearer-i 7 t,4OA
order. This arrangement will prove to be otttr greater
importance to the public at large, as well *lto bankers
and the trading community generally, thamatfirst ht
is apparent ; and, as there appears to be! considerabiC .
misunderstanding upon the subject, we propose to ex- , ,';
plain the operation of the new act in detail, as we
understand it.
Bnt, in the first place, we wish to disabuse th 4 public
mind of an error in relation to the object of this bill
which seems very generally to prevail, so far as regards
the effect which it will have upon bankers' checks.
It is not intended to alter the law with regard to
checks as it now stands in any way whatever, though
no doubt it will be found in practice that the extra-
ordinary facilities which the new law will furnish
will lead to a voluntary use of stamped checks to
a very great extent, in the way to which we shall
hereafter advert. According to the law as it now
stands, checks upon bankers payable to bearer may be
drawn upon bankers, provided they are drawn not more
than ten miles from the place of business of such bankers,
upon plain or unstamped paper ; but, if drawn to
" order," or at a distance greater than ten miles from
such bankers, either to " order" or to " bearer;" they
are subject to the same stamp as a bill of exchange
drawn at a date not exceeding two months. Such is the
law as it stands at present ; nor is it intended in any
way to interfere with the existing privilege of drawing
checks payable to bearer on demand, and within ten
miles of the bank, on plain or unstamped paper.
The alterations contemplated are as follows :-
1. In place of the present scale of receipt stamps, ris-
ing from 3d. for sums between 51. and 101., up to 10s.,
a uniform stamp of ld. will be applicable to all sums, of
whatever amount, from 21. upwards. Tbis uniform
penny stamp may be imprinted upon the paper, as at
present ; or, for greater convenience, a stamp similar to
a postage head will be furnished, which can be put on
the face of the paper, but so as to be written over by the
signature, and thus cancelled. In all cases the receivers
of money must, as at present, pay for the stamp ; and if
those making the payment furnish it, they will deduct it
from the sum to be paid.

PRICE SD.

Grand Duchess of Mecklenburgh ; Baroness de Wangenheim,
Lady in Waiting to the Duchess of Saxe-Coburg Gotha ;
Baroness Wenchstern, Lady in Waiting to the Duchess
Caroline of Mecklenburgh ; Lady Caroline Barrington ;
Hon. Mrs. Campbell, Bedchamber-woman in Waiting to her
Majesty ; the Most Rev. Dr. Sumner, Archbishop of Can-
terbury • Lord Cranworth, Lord High Chancellor ; Earl
Granville, Lord President of the Council ; the Duke of Ar-
gyll, Lord Privy Seal; the Duke of Norfolk, Earl Marshal
and Lord Steward; the Duke of Newcastle, Secretary of
State for the Colonies ; the Duke of Wellington, Master of
the Horse ; Count Kielrnansem, Hanoverian Minister
Chevalier Bunsen, Prussian Minister ; Count de Lavradio,
Portuguese Minister; Count de Vitzthum, Saxon Minister;
the Marquis of Breadalbane, Lord Chamberlain • the Mar-
quis of Lansdowne ; the Marquis of Anglesey, Gold Stick
in Waiting ; the Earl of Aberdeen, First Lord of the
Treasury ; the Earl of Clarendon, Secretary of State for
Foreign Affairs ; the Earl of Bessborough, Master of the
Buckhounds ; the Earl of Mulgrave, Treasurer of the
Household ; Lord John Russell ; the Rev. Lord Wri-
othesley Ruspell, Chaplain to Prince Albert ; Viscount
Palmerston, Secretary of State for the Home Depart-
ment ; Viscount Sydney, Captain of the Yeomen of the
Guard ; Viscount Hardinge, General Commanding-in-
Chief; Viscount Drumlanrig, Comptroller of the House-
hold : Viscount Torrington, officiating for the Groom of the
Stole to Prince Albert ; Lord Ernest Bruce, Vice Chamber-
lain ; Lord Alfred Paget, Clerk Marshal ; the Right Rev.
Dr. Blomfiald, Bishop of London ; the Right Rev. Dr.
Wilberforce, Bishop of Oxford and Lord nigh Almoner
the Right Rev. Dr. Graham, Bishop of Chester and Clerk of
the Closet ; the Rev. Henry G. Liddell, Chaplain to Prince
Albert ; the Rev. Henry Howarth, Rector of St. George's
Hanover-square ; the Hon. and Rev. G. Wellesley, Resi-
dent Chaplain to the Queen ; Sir James Clark, Physician
in Ordinary to the Queen; Lord Elphinstone and Major-
General Buckley, in attendance on the King of Hanover ;
General Malortie, Gen. Count Decken, Baron Hedemann,
Baron de Wense, Major Baron Boddien, Aide-de-Camp ;
Capt. Baron Reitzenstein, Aide-de-Camp ; Captain Baron
Issondorff, Aide-de-Camp ; Dr. Lex, Dr. Kaufman, and
the Hon. R. Somerset,Gentleman inWaiting to the King of
Hanover; Count Puckler, Count Boos, and Count Goltz,
Gentlemen in Waiting to the Prince of Prussia ; Colonel
Hon.A.Liddell, Gentleman in Waiting to the Duchess of
Glocester ; Lord Raglan, Master-General of the Ordnance;
Lord Poky, Captain of the Gentlemen-at-Arms; Colonel
the Hon. Charles Grey, Private Secretary to Prince Albert;
Colonel the Hon. C. B. Phipps, Keeper of her Majesty's
Privy Purse; the Right Hon. Sidney Herbert, Secretary at
War; the Right Hon. Sir W. Molesworth, First Commis-
sioner of Public Works ; the Right Hon. Sir J. Graham,
First Lord of the Admiralty ; the Right Hon. Sir Charles
Wood, President of the Board of Control ; the Right Hon.
W. E. Gladstone, Chancellor of the Exchequer; the Right
Hon. Sir John Young, Chief Secretary for Ireland • Mon-
sieur Drouet, Belgian Charge-d'Affaires • Sir William
Martins, Gentleman Usher and Daily Waiter to the Sword
of State • Captain Green, Senior Gentlemen Usher, Quar-
terly Waiter in Waiting ; Sir Charles George Young,
Garter Principal King at Arms; Lieutenant-Colonel the
Right Hon. Cecil Forester, Silver Stick in Waiting ; Co-
lonel Fludyer, Grenadier Guards, Field Officer in Brigade
Waiting; Sir George Couper, Gentleman in Waiting to
the Duchess of Kent ; Baron Knesebeck, Gentleman in
Waiting to the Duchess of Cambridge • Lord William
Paulet, Gentleman in Waiting to the Duke of Cambridge,
Baron Seeback and Captain Baron Treskow, in Waiting to
the Duke of Saxe Cobourg ; Baron Luhe, in Waiting to
the Hereditary Grand Duke of Mecklenburgh ; Lord
George Lennox, Lord in Waiting to Prince Albert ; Colo-
nel Wylde, Groom of the Bedchamber to Prince Albert.

A, 3 h;

2. In place of the present scale of stamps chargeable
upon bills or draughts payable to bearer on demand,
and drawn beyond the legal distance, and upon bills or
draughts payable to order, at any distance whatever,
rising from is. for amounts between 21. and 51. ss. to
255. for 3,0001., a uniform stamp of id. will hencefor-
ward only be required.

The convenience to trade which will result from this
small uniform penny stamp is incalculable. Let us put
a few of the numerous ways in which it will be ap-
plicable, for the sake of illustration.
In the first place, as regards the community at large,
it will furnish a remarkable facility for obtaining legal
receipts for every payment which they make. At
present private persons pay almost every account by
check ; but the trouble and expense of receipts are so
great, that not one in fifty payments is accompanied
by a legal discharge. The new regulations by which
the stamp is reduced to a uniform rate of one penny,
and by which stamps similar to postage heads can be
used in place of the ordinary stamped paper, would of -
themselves be an enormous convenience, and would lead
to a universal practice of giving and taking receipts.
But the facilities thus afforded sink into insignificance
when we compare them with the convenience which will '
result•from the use of stamped checks. Let bankers
provide themselves with check-books as at present, but
each check bearing a-penny stamp, and stitched in num-
bers of 100, 200, or 300 each, charging to their cus-
tomers, as the act will provide, the sum of Bs. 4d.,
16s. Bd., and 255. respectively, according to the siz3 of
the books required. The public, in making payments with
such checks, would then only require that the persons re-
ceiving them should endorse the name upon the back, and
with no more trouble than necessarily attaches now to
writing a check a legal receipt, producible in a court
of law, will be furnished for every payMent what-
ever ; and every person thus using stamped checks
would, when he had received his cancelled checks back
from his bankers', which is the almost universal prac-
tice, have in his possession a legal receipt for every pay-
ment made during the year. As the law provides that
the receiver of money shall pay the stamp, the person
making the payment by means of stamped checks would
in all cases deduct the value of the stamp from the sum
to be paid ; and thus, the banker having been reim-
bursed for the stamps by his customer, the customer, in
his turn, would be reimbursed by the persons to whom
ynfiymnaeelntlaytisn,faplolwn. whom the cost of the stamps
huwould
made
of
athpupesna
But the convenience
will
noestueffined even
ieuttohseereeu.re Aas the
legal
receipt by an endorsement on the back of a check pay-
able to bearer, the same stamp will be sufficient for a
check or draught payable to order, which would have
the advantage that it could only be paid by the endorse-
ment of the person, either at the time of its being drawn
or at any other time before payment, and which, if lost
or mislaid, could not be recovered by any other per-
son. Another very important advantage will attend
stamped checks payable to order. Such a check or
draught may be legally drawn at any distance from .
the bank ; it may pass by endorsement from hand
to hand till it reaches the place of payment, which
would always be as direct as possible, to avoid the risk
of holding overdue checks, and it might with the great-
est safetx_alt..ixit4...perfect Wality be remitted to
_any
qlistance in . payment of an account, with the certainty •
that before it: was pregtnitedl*'OhYtnent -the receipt of
the person to whom it is sent will be attached in the
form of an endorsement.

After the banquet the Lord Steward gave the follow-
ing toasts, viz. :—" His Royal Highness the Prince
Leopold," "the King and Queen of Hanover," "the
Prince and Princess of Prussia," and "the Queen and
the Prince."

Her Majesty then rose from the banquet and proceeded
to the White Drawing-room, accompanied by the Queen
of Hanover and the other ladies present ; soon after
which his Royal Highness Prince Albert, the King of
Hanover, and the other guests passed into the Grand
Saloon, which was fitted up for music.
The Queen and the whole of the Royal and distin-
guished circle having assembled in the Grand Saloon, the
following musical performance took place :

Overture, " Masaniello"
Scherzo, " Sinfonia, No. 8"
Solo, Violin, Signor Bazzini, on Themes
from " La Sonnambula" Bazzini.
Hochzetts Marsch
Concertante, Violoncello, and Contra
Basso (Signor Piatti and Bottesini) Bottesini.
Minuetto, " Iphigenia"
Solo, Trombone (Herr Nabich) Nabich.
Finale, " Sinfonia, No. 6" Mozart.

In addition to the dinner company, the following had
the honour of receiving invitations for the evening
party :--
His Highness Prince Louis Lucien Bonaparte, the Coun-
tess of Dornburg, Archbishop of York and the Hon. Mrs.
Musgrave, the French Ambassador and the Countess Wa-
lewski, the Duchess of Norfolk, the Duke and Duchess of
Hamilton, the Duke and Duchess of Buccleuch, the Du-
chess of Argyll, the Duke and Duchess of Atholl, the
Duke and Duchess of Montrose, the Countess Lavradio,
Madame Bunsen, the Marchioness of Breadalbane, the
Marquis and Marchioness of Exeter, the Marchioness of
Ormonde, the Marquis and Marchioness of Westminster,
the Countess Granville, the Earl and Countess of
Derby, the Earl and Countess of Shaftesbury, the Earl
and Countess of Jersey, the Earl and Countess of Hard-
wicke, the Earl and Countess De la Warr, the Coun-
tess Clarendon, the Earl _Spencer Earl of—Mount—
Edgcumbe, the Earl and Countess of Malmesbury, the
Countess of Bessborough; the Conn-1;64r of -3fulgrave, the
Viscountess Drumlanrig, Viscountess Sydney, Viscountess
Palmerston, Viscount and Viscountess Canning, Viscoun-
tess Harding°, Viscountess Torrington, Lady George
Lennox, Lady Charles Fitz Roy, Lady John Russell, Lord
and Lady Charles Wellesley, Lady Alfred Paget, Lord and
Lady Alfred Hervey, Lord and Lady Robert Grosvenor,
Lady Ernest Bruce, Lady Cranworth, Lady Willoughby
de Eresby, Lady Foley, Dowager Lady Lyttleton and the
Hon. Miss Lyttleton, Lor.i and Lady Portman, Lady Rag-
lan, the Right Hon. the Speaker of the House of Commons
and Mrs. Shaw Lefevre, the Hon. Mrs. Sidney Herbert,
the Hon. Mrs. Grey, the Hon. Mrs. Phipps, Rear-Admiral
Hon. George Campbell, Lieut.-General Hon. Arthur Up-
ton, Lady Mary Wood, Lady Molesworth, Lady Graham,
Lady Young, Lady Clark, Sir John and Lady Romilly,
Sir George and Lady Grey, Lady and Miss Couper, Mdlle.
von Sternberg, Dr. Lauer, Mons. Borck, the Right Hon.
T. Pemberton Leigh, Right Hon. Edward and Mrs. Strutt,
Right Hon. Edward and Mrs. Cardwell, Miss Barrington,
Mrs. Berkeley Drummond, Major-General Sir George
Bowles. _ _ _ _ _ _

Thus, in point of fact, a banker's check with a penny
stamp, and payable to order, will have every privilege
and advantage which a bill at sight has at the present
time, including that of furnishing a valid and legal
receipt for the amount, no matter how great.
Let us now consider the practical facilities which this
change will furnish to bankers and traders generally.
As regards bankers, the high stamp duties charge-
able upon bills at sight may be said to have led to their
entire disuse, and to have introduced a system as clumsy
and inconvenient as it is possible to conceive. The plan
resorted to in order to evade the stamps at present is the
use of letters of credit, not transferable, and which en-
tail both upon the issuers of them, and especially upon
those on whom they are drawn, great trouble and incon-
venience. In future these will be entirely discontinued,
and bills on demand drawn instead upon a uniform
penny stamp, when the amount iA above 2/. By this
means a bill payable to order, and transferable by en-
dorsement from hand to hand, will be furnished at the
low cost of a penny stamp. This advantage will be felt
as much, if not more, in the trade between the various
inland towns of the kingdom, between which remittances
are made, as in their direct intercourse with London.
A shopkeeper in any village or market town, wishing
to make a remittance to some other distant local
town, will obtain a draught to order from his banker
upon London on a penny stamp, and the person to
whom he remits it, in however a remote a town in Eng-
land, Scotland, or Ireland, will be able to endorse it,
and receive the amount at once from his cwn banker,
who will remit it to London to his agent for collection.
At present this cannot be done except by the use of
expensive stamps. But it would be difficult to antici-
pate the numerous ways in which bankers will be able
to turn this facility to advantage.
But this change will prove of the greatest value to
merchants and wholesale traders. Just let us see to
what an advantage it may be turned in London. At
the present time the " crossing " of checks is relied upon
as a security in the numerous daily transactions in
the metropolis. Payments are made to collecting
clerks daily to the amount, probably, of millions, with
no other security than that which "crossing" checks
imparts ; and, unfortunately, the unsettled state of
the law in respect to this practice renders it of ex-
tremely doubtful utility. Let us suppose that checks
payable to order become of general use, legalised by the
penny stamp. In that case, the check could not be
paid without endorsement by the person in whose behalf
it is drawn. This would be a security to the person
paying the money as well as to the person on whose
account it is received ; and every person making such
payments would possess in his returned checks a legal
receipt for every payment, which could at any time
be produced in a court of law ; whereas, at present,
he is without any legal means of proving his pay-
ments. And all this will be accomplished by the use of
checks with a penny stamp, which stamp he will be
entitled to deduct from the person receiving the pay-
ment.

The choir of the Chapel Royal attending the cere-
mony consisted of the Rev. T. Helmore, the Master,
and ten young gentlemen, together with the following
gentlemen of her Majesty's Chapel Royal, viz., Messrs.
Lockey, Hobbs, Hill, Martin, Francis, R. Barnby,
Gray, Shoubridge, Bennett, Benson, Chapman, Buck-
land, Machin, Bradbury, Salmon, and H. Barnby.
The Gentlemen-at-Arms lined the approaches to
and the entrance of the Chapel, and also formed a
guard at the entrance of the Grand Hall, escort-
ing the King and Queen of Hanover, on their arrival,
to the lower Drawing-room, in which the Queen
received her august guests. The Corps was com-
manded by the Lieutenant, Lieutenant-Colonel Top-
ham ; Major Harmar, Standard Bearer ; and Mr. J. S.
Lloyd, the Clerk of the Cheque and Adjutant, attended.
The sub-officers Lieutenant-Colonel Neville and Major
Cooke were also on duty.

The Yeomen of the Guard were commanded by
Major Phibbs, the Exon in Waiting, and were stationed
in the Grand Hall, in the passages leading from the old
Dining-room to the approach to the Chapel, and upon
the grand staircase. Sir George Lee (the Lieutenant),
Sir George Houlton (the Ensign), and Lieutenant-Colonel
Fitzmaurice (the Adjutant of the Corps), attended.
The Officers of both Corps and the Officers of Arms
belonging to the Herald's College dined in the Equer-
ries' room.

A Guard of Honour of the Foot Guards, with the
band of their regiment, mounted guard in front of the
Palace.

THE ARMY IN INDIA.

The following general order has been issued by Lord
Frederick Fitzclarence :

" Head-quarters Mahableshwur, May 13, 1853.
" By the Commander-in-Chief.

"The Commander-in-Chief is pleased to direct the en-
tire discontinuance of the leather stock in all the Hon.
Company's European regiments under this presidency, and
officers commanding European corps will be pleased ac-
cordingly to carry this order into effect as early as prac-
ticable.

"The collars of the coats and jackets will be hereafter
cut square (the Prussian collar), and made to close in front
with hooks and eyes, and nothing is to be worn inside be-
yond a plain white shirt collar, of sufficient depth to pre-
vent the soiling of the lining of the coat collar, without
being visible above it—a small fly of the collar of the fac-
ings must be placed so as to prevent the shirt being seen
between the hooks and eyes. _ _

Again, let us consider the convenience which this ar-
rangement will prove to traders in London having pay-
ments to make in various parts of the kingdom. By the
use of a penny stamp they will be able to remit their
own checks, payable to their correspondent or to his
order, who, by endorsement, will at once furnish a re-
ceipt, and obtain the amount from his own banker in
any part of the country, however remote, without charge.
There is, perhaps, one class in London who will adhere
to the present system of checks payble to bearer, and to
whom the use of the stamp will be of but little practical
use—we mean stockbrokers, billbrokers, and similar
traders, who deal in large sums more by way of transfer'
than of payment, and to whom, therefore, the stamp
would be of little use. But if we are to look to the exten-
sive and various uses to which this new facility will be
extended, we are prepared to find that very soon all
bankers' checks, with unimportant exceptions, will be
stamped, and drawn to order instead of to bearer.. If
drawn to order and stamped, they will answer all the
numerous purposes to which we have referred; they will
possess all the advantage of stamped checks drawn to
bearer, with the additional advantages of being much
more secure, and of forming the best possible raeans of
remittance by post to any
*distance. And by the plan
suggestei, all this convenience and safety will be ob-
tained without any charge to bankers or the payers of
money, while the receiver will pay only one penny in
each ewe, in place of the presen lconsiderable stamp
duty, the neglect to pay which exposes him to heavy
penalties.

" The Commander-in:Chief further directs the entire
discontinuance of the black silk neckerchief, which his
lordship has observed that the soldiers of some European
corps are in the habit of wearing with their white jackets,
and which has never been sanctioned by any competent
authority. The collars of all jackets are to be made to
close in front, in the same manner as those of the coats.
" The Commander-in-Chief has remarked that the cloth-
ing of the non-commissioned officers and soldiers in gene-
ral is too tightly made and fitted, particularly across the
chest and round the arms—the very portion of a man's
body which requires to be left quite free and easy for those
who are intended to use the firelock, on the offensive or
defensive.

" The trousers in most instances are so absurdly tight
about the waist, and even the hips, that the soldiers can
with difficulty go through the extension motion.
" Commanding officers are strictly desired to give their
especial attention to these points at the next issue of
clothing.

" N971-commissioned officers and soldiers will sit down
to their messes with their jackets open. They are to be
permitted to walk about in the immediate vicinity of their
lines or barracks in forage caps with their jackets open;
but should they proceed into the bazaar, or town, or other
inhabited part of the cantonment, they must wear their
jackets and collars buttoned up. White cap and covers '
are to be worn from eight a.m. till five p.m.
" Non-commissioned officers and soldiers, being pro-
hibited from wearing their side-arms when off duty, will
not be required to wear their side-belts on such occasions
for the future.
" The blue calico trousers, barrack change, aro to be
worn, as a general rule, on drill parades or fatigue duties,
and on the line of march ; and the officers and men of all.
regiments, European and native, are to parade on all occa-
sions in the same coloured trousers—black, white, or blue.
" Now that so much ease is given to the soldier, by re-
lieving him of the stock on parade and on guard, the collar
of the coat or jacket is never to be turned down, except
on the line of march.

DEATH OF E. W. W. PENDAEVES, ESQ., M.P. FOR
WEST CORNWALL.—We regret to have to announce the
death of this gentleman, which took placa at four o'clock
on Sunday morning last, at his seat, near Camborne.
Mr. Pendarves has represented the county of Cornwall
in Parliament uninterruptedly for the last 27 years..
The names of two gentlemen are already mentioned as
being likely to offer themselves for the vacancy in the
representation of the county occasioned by the death of
Mr. Pendarves, those of Mr. Michael Willyams and Mr.
Tremayne, two gentlemen well known in the county,—
Plymoutit Mail.