The Sun.
London, England, 1853-07-30 00:00:00

For the month there has been an average amount of
business dcne in imports, but at low rates. Metals,
however, are maintained.
Cotton.—Tho deliveries have been fair ; quotations
are lower. Bombay Ts. 55t0 6 8 ; Bengal Ts., 5 4to
64 ; Madras Ts. 54t0 6 7. The stock is about 81,000
bales, against 58,000 at the same time last year.
Cotton Yarn.—The sales have been 1,300 bales, at a
decline. Nos. 16 to 24 22$ to 25$ ; Nos. 28 to 32 261$
to 29$ ; Nos. 3S to 42 29$ to to 335.
Long cloths are quoted at a reduction, and holders
have evinced eagerness to realise. Grays valued at $1
50c. to $2 45c.; whites, $1 60c. to $2 65c. About
45,000 pieces in all sold.
Woollens—Spanish stripes, 70c. to 95c. for assorted.
No sales. Long ells, for an assortment, quoted $6 20c.
to $6 40c. 6,000 pieces sold.
Turkey Opium—s36s.
Cochineal—sBs to $ll5. _

Tea—There have been few transactions. Some Can-
ton congous have been settled for at Ts. 18 to 22. It is
expected that the canister muster of the new congous
will be received in a few days, and a portion of some
chops in about three weeks. The cost is said to be
much higher than last season.
The export was, from lb.
Canton,. from July 1, 1852, to May 24, 1853.... :1;1,000,000
Shanghai, from July 1, 1852, to May 10, 1853.. 37,000,000

68,000,000

Canton, from July 1, 1851, to May 24, 1852.... 34,000,000
Shanghai, from July 1, 1851, to May 24, 1852.. 28,000,000

62,000,000
Exchange on England.—Six months' bills under cre-
dits, ss. id.

Exchange on India. Company's accepted paper,
236 r. to 237 r. per $lOO.

Freights.—Tonnage still in demand for the outports.
From Shanghai we have dates to the 10th inst. The
state of affairs in the north still checked any business, in
imports. Small purchases of silk had been made. Ex-
change for English bills nominal, ss. 4d. to ss. 6d.

CHINA SHIP NEWS.
Arrivals from Great Britain.—At Hong Kong, May 13,
the Berhampore, from Liverpool. May 21, the Alma
and Olga, from Hartlepool. May 22, the Sea Queen,
from London. May 24, the Flying Childers, from Liver-
pool. May 25, the Celestial, from Liverpool. May 26,
the Norsv:Vip Soverain, from Hartlepool. May 31,
the Willi' ".'
fiFoni Liverpool.
A Ytitko 9A a rkri

the Eli;ZSltergayr:3o, from London.
Departures, to.' Great Britain. From Whampoa,
May 9, the Tinto, for Liverpool. From Woosung,
April 25, the Countess of Winton, for Liverpool.
April 27, the Cattraya, for London. From Shanghai,
May 21, the Racer, for London. May 22, the Eugenia,
for London.

MALTA.

MALTA, JULY 25.

The Peninsular and Oriental Company's screw-
ship Bengal, with the Indian mail, has just ar-
rived ; and the Valetta will proceed this afternoon
to Marseilles.

The Fury, steam-sloop, Commander Tat m,
from 'Marseilles, arrived this morning, and will go
to Besika Bay early to-morrow.
The Triton, packet, is preparing for a trip to
Besika Bay. Her station will be supplied by the
Ardent, which will rim between Malta and Corfu
with the mails.
The weather is oppressively hot, the thermome-
ter ranging within doors 8G to 91 deg.
The Modesto, sloop, Commander Lord Compton,
was lying at Leghorn on the 18th inst.

RAILWAY INTELLIGENCE.

PORTSMOUTH

The first general meeting bf this company was held
yesterday, at the offices, Great (keOrge-street, Westmin-
ster ; Mr. Alowatt in the chair.

Mr. G. W. HORNE, the secretary, read the report,
from which we take the following extracts :

" The directors have much satisfaction in meeting the
shareholders at the earliest opportunity possible, wider the
company's act of incorporation, which received the Royal
assent on the Bth inst. only.
" Although the bill was strenuously opposed in its early
stages by rival railway interests, it was finally carill..
through Parliament with but little delay, and, what is o
still more importance, at very little expense,
incurredtcoimste,forengi
ninearsob,tasinonieng
ittrsh,e and
other u Pto the whole
haer present
not
exceeding 14,0001.
" With the double view of insuring the construction of
the lino within a limited period, and at a definite cost, the
directors have entered into a provisional contract with Mr.
Brassey, by which he has engaged to make and deliver over
the line within a period of two years, for the fixed sum of
350,000/.
"For this amount he has undertaken to supply one en-
tire single line of railway, together with land, bridges, anct
tunnels for a double line, and all stations and fixed plant,
he further engaging to pay the ordinary agricultural value
of all the lands required, together with damage of every
description, leaving the company only to defray the extra
cost in those cases where an amount-in excess of this value
will have to be paid.
" The additional sum for which the company will become
liable for land under this arrangement the directors are of
opinion will not exceed 7,000/. or 8,000/. in the whole.
" This contract will be now submitted for the approval
of the shareholders, and the directors have no hesitation
in recommending it earnestly for their adoption.
" With the view of enabling the shareholders to make
provision for the payment of calls with the greatest cony&
nience to themselves, the directors have, with the assistance
of the engineers, prepared the following approximate esti-
mate of the periods at which calls will be required to be
paid; viz.:-- • •
_ InNevember; 1853, £2, yielding
' - March, 1854, £2, „
:June, .1854,. SA, „
September, 1854, £3,
January, 1855,• £3,

... £40,000
... 40,000
... 80,000
... 60,000
... 60,000

280,060
42,000.

Add the deposit of 21. 2s.

• . . --,--
R. 322,000
And in April or May the balance required to .gil the
filli
line, unless otherwise raised under the borrowing Powers
of the company."
The CHAIRMAN moved the adoption ofreport,
the
"and te
which was unanimously agreed to.
The arrangement with Mr. Brassey for the- construc-
tion -of-the line for 350,0001. was agreed to
directors, after some opposition, were authorised to
make arrangements to pay Mr. Brassey an additional
sum to construct the railway as a double line. The fur-
ther consideration of Mr. BrassoY'S proposal to lease the
line for five years, at a rent equivalent to 4 per cent. per
annum and half profits, was postponed by mutual con-
sent to the next half-yearly meeting.
The salary of the secretary was fixed at 4001. a-year ;.
and the remuneration of the auditors (Messrs. H.-Lacy-
and Robins), at
ts9l.copnvid witherundnenumeach.
The proceedings
vote
a of thanks to
the chairman and directors. .

LONDON AND SOUTH-WESTERN RAILWAY.—It ap-
pears that the directors of this company have resolved
to recommend to the proprietors at the general meeting,
on the 10th of August next, that the dividend for the
half-year ending the 30th of June last be at the rate of
4 per cent. per annum on the capital.
APPOINTMENT.—Nr. R. Bin,' barrister, eldest son
of the late Sir Richard Birnie, has been appointed, by
the Duke of Newcastle, Advocate-General for Western
Australia, at Swan River, in the room of Mr. Moore,
resigned.