The Sun.
London, England, 1825-05-09 00:00:00

there was in the liquidation. We are not at the end yet let us
wait.'

" Cannot you wait till the end, without lying and calumniat-
ing, and would fear that without those means the conclusion
would not answer to your prophecies?
" Some journals announce that the King will return on Tues-
day from St. Cloud, to hold a diplomatic circle. This news is
entirely destitute of foundation.
". His Majesty the Emperor of Russia has just remitted to
the Committee, at the Hague, the sum of 100,000 florins, for the
sufferers by the inundation.
(Fro»: the Constitutionnel of Fiiday.)

" i‘l ADR ID; APRIL 25.

" The Victoria schooner, which has arrived at Cadiz in
thirty-eight days from Puerto Cabello, has made the capitula..
tion of General Canterac public, and brought the news of the
delivery-of the fort of Callao to the Colombian troops.
" The frigate Nuestra Senoro de las .IV;evas, arrived at Cadiz
in 3f; days front the Havannah, has brought dispatches from
General Vices, which announce that' the island of Cuba is
in a state of the greatest fermentation, and that unless fresh •
troops are sent hint, he cannot answer for" preserving public
tranquillity.
-" The Council of Ministers has offered to mortage, for the
loan of 30 millions of reals, the seventh part of the estates, not
yet sold, of some religious orders, the sale of which was granted
to Charles IV. by Pope Pius VII. This project has failed in
the first attempt. •
" General Ricafort, who is appointed Captain-General of
Manilla, is to sail in the Victoria. Gen. Martinez, who now
commands there, does not seem disposed to recognize the abso-
lute Government."

FRENCH FUNDS.—Pmus, MAY G.—Five per Cents.
opened at 101 f. 90c.; closed at 101 f. 65c.—Three per Cents.
opened at 75f. 30c. ; closed at 75c. ; Annuities, Four per Cent.
1,100 ; Bank Stock, 2,175 f. Neapolitan Five per Cents. 90f.,60c.
Royal Spanish Loan, 561.—Exchange on London, one month,
24f. 95c.; three months, 241. 80c.—(Coors Anthentique.)

New Brunswick Papers have arrived to the Ist
April, but do not contain any information worthy
of notice.

A few days ago we gave an Abstract of the
Bill now pending in. Parliament for the Regula-'
tion -of Joint Stock Companies. The Loam
CHANCELLOR, in the early part of the Session,
promised to bring forward some measure on the
subject, but has hitherto left his promise unful-
filled. The Bill we speak of goes to repeal the
whole of the 6 Geo. 1. c.lB. that relates to the esta-,
blishment of Joint Stock Companies, and makes -
the original promoters of a scheme liable to the pur-
chasers of shares for a limited time after it is throwtt
on the mat ket. The punishment of apnernunire is
abolished, and heavy penalties imposed instead..
We do not complain of the provisions of the Bill,
but we complain that whilst its repealing clause.'
is so large, its enacting clauses do not come up
to the extended operation of the 6 Ge0..1., for
that Act not only made all Joint Stock Corn.;
patties with transferrable Shares illegal, but pro-..
bibited under a severe punishment the pretend...,
ing to act as a Corporate Body, either under
Charter at all, or with a Charter not adequate toy
the assumed powers, or with a Charter that. had:. •
fallen into disuse. All these are objects that require. -
legislative regulations, such as now exist in the
statute-book, and we see no reason %%by they Should'
be taken a way without,at all events, restraining-the
evil by new penal enactments. The 18th section of
the 6th Geo. 1. c. 18. may perhaps he injurious,
by restraining • the clubbing together of small
sums of Money to form one grand sum' for the
prosecution of any grand undertaking, and. may
also be. open to some objections on account of the
generality of the wording of the 18th section,„
and also on Account of the punishment awarded
for a breach of its regulations. When, •hOwever, •
we consider the object against which the .whole
force of the section is directed, we shall find that.
the 'objection on the ground of generality ig
greatly subdued, for the want of words of a more
particular nature which would be in any degree'
adequate to reach the evil, and as to the nattire.
of the punishment by prwmunire, that (although
now obsolete) is perfectly consistent with' the
genius of the English Law when directed againo' ,
the mischievous practices recited in the pre-
amble to the section. Those practices are clearly
offences injurious to the King's prerogative,Ana.:
to the commission of which the punishment by
prwmttnire is in a great number of instances an-
nexed by the old law. The promoter of this Bill
does not seem to be aware that by special Act Of
Parliament, in the 14 G.-11. chapter 37, the 6
Geo. 1. c. 18,. was extended to the • Atnericao--
Colonies. As the new Bill now stands, it would'
raise a doubt whether the 6 Geo. I. C. 18, "9
left in force in those Colonies, or whether it way
repealed both there, and in this countrY; at :all
events, a: clause explanatory oir the point would!
be • desirable, -together with mother that 'should
reach the evil restrained by the old :law, and left
untouched untouched by the, new one. A clauSe of inder,ll"'
nits ought likewise to be added.

THE BISHOP of OXFOIIO.—We-have received
a letter on the subject of an unlucky impromptu
that. appeared in THE.SUN of Saturday' on the
supposed death of-tile ,Bishop of DURHAM'. -
letter characterises the article as " a gross will*
indecent libel on a most virtuous and exemplary
Prelate, and says--1 that its admission is.so dis" -
graceful to the Paper as to render it -esiential, for
the reputation and welfare of THE Suri, that it
should be relieved-from the odium, at least, 01,
having originated so foul and ma lignant atalumnP •
These are very -hard terms, and may perhaps be.
deserved, and we trust the Right Reverend Pre'
late, who has been the occasion of them, will See/.
in our willingness to publish them, how little.
-we thought of reflecting on his character, 01;
impugning his conduct. We beg leave to say, tba --
'we, in common with every body else, entertain'
the highest-esteem and respect for him, both in
.his public and private capacity; and rnOSt sincere-
ly sorry should we be to have been the cause °`
one moments uneasiness to any one, rriuch more
to the Bishop of Oxrottn, whose reputation stands
too high to be assailed by suckattackS aS'these, and
whose exemplary conduct is such as to retort 04
calumny thrown against him in threefold strength
at the head *of its propagator. Moreover, 011
,subject of the. Bishopric of Durharri, if -there 11
any person more intitled than another-to succeed
to this valuable See, it 'is the 'Lord .BishOP °f
OXFORD, 'whether the subject.is considered with
reference to piety,: to-. virtue, or.. Or:fear:4er
.or whether with .referenee'to the *great assis_.
ance he has for these. seven- 'years rendered t"
o.
that excellent man Dr.' BAIIIIINGTON." 11°V.1117
said thus much viith. regard to the 44, grOiS.PIIII-.16t;
decent libel" we will explain how the impromptu
appeared All. •It Was. Sent to us by sornetin;
known hand, and was transferred to the printer
amongst a number of other papers, without our