The Sun.
London, England, 1838-04-09 00:00:00

COURT CIRCULAR.

Her Majesty and the Duchess of Kent attended divine
service yesterday morning in the Chapel Royal St. James's.
her Majesty the Queen Dowager and his Royal Highness the
Duke of Cambridge also attended thy, service. The musical
service was Arnold's in C. r.st Artlabiihop of Canterbury
preached the sermon. n;:fre anthem was Who is tit wat
enmeth from Edoe:[. (Arnold). Sir George Smart presided
at the organ,
The Bishop of Norwich was the Clerk of the Closet
in
Waiting. Her Majesty was attended by Lady Portman, Miss
Cavendish, Miss Lister, Viscount Falkland, Mr. Rich, and
Colonel Wemyss. The Duchess of Kent was attended by
Lady Mary Stopford. The Queen Dowager w
Countessas attended by
the of Mayo, Miss 13oyle, and the Earl Howe.
lier Majesty, accompanied by her Royal Highness the
Duchess of Kent, visited the National Gallery on S durday.
Sir Martin Archer Shee, President of the Royal Acadenn ,
and the officers of the institution received her M.jesty.
The
_Queen was attended by Lady Portman, the Lord Cham.
berlain, Viscount Falkland, Mr. Rich, and Colonel Wemyss.
Lady Mary Stopford was in attendance on the Duchess of
Kent.
Her Majesty and the Duchess of Kent visited the Queen
Dowager at Marlborough House on Saturday afternoon.
The Princess Augusta attended divine sersice yesterday at
st. Philip's Chapel, Regent-street. Her Royal Highness
'was attended by Lady Mary Pclham.
Despatches were sent off from the Colonial Office on Satur-
day tight for the Governor of Gibraltar.
A Cabinet Council was held at the Foreign Office on Sa-
turday afternoon. All the Ministers were present except
Viscount Dungannon. The Council sat two hours.
Viscount Melbourne had an audience of her Majesty on Sa-
turday.
The French Ambassador transacted business on Saturday at
the Foreign Office.
The Queen honoured the performance of the opera of La-
'la di Lammermoor, on Saturday evening, at her Majesty's
theatre with her presence. The Duchess of Kent accom-
panied her Majesty. The Queen was attended by Lady Port-
nl", the Lord Chamberlain, Viscount Falkland, Mr. Rich,
and the
Wemyss. Lady Mary Stopford was in waiting
on are Duchess of Kent.
'rho Duke and Duchess of Cambridge had a dinner party on
Saturday at Cambridge House. The company included the
Duchess-Countess of Sutherland, 'Marquis
and Marchioness
of Downshire, Earl and Countess of Tankerville, Earl and
Countess of Munster, Earl of Aberde'en, Earl of Clare, 'Vis-
count and Viscountess Beresford, Viscount and Viscountess
Canning, Lord and Lady Stuart do Rothsay, Lord and Lady
Jernima Elliot, Lords Alvanley, Abinger, Villiers, Ossulston,
and Cantalupe. In the evening their Royal Highnesses ho-
noured with their presence the assembly given by the Duchess
of Sutherland at Sutherland House.
Prince George of Cambridge honoured Sir Robert and
Lady Peel with his company at dinner on Saturday, in White-
hall-gardens. The party to meet his Royal Highness in-
cluded Prince Esterhazy, the Austrian Ambassador ; Count
Pozzo di Borgo, the Russian Ambassador ; Baron Bulow, the
Prussian Minister ; the Duke of Wellington, Marchioness of
Salisbury, Marquis of Douro, Earl and Countess of Jersey,
Earl and Countess de Grey, Prince Paul Lieven, Count
Chabot, Lord Alford, and Mr. F. Villiers.
A Committee meeting of the Lords of her Majesty's most
honourable Privy Council was held at two o'clock on Satur-
day afternoon, at the Council-office, on the subject of her
Majesty's Coronation. The Lords present were the Arch-
bishops of Canterbury and York, the Bishop of London, the
Earl Marshal, the Lord President, the First Lord of the
Treasury, the Secretaries of State for the Home and Colonial
Departments, the Chancellor of the Exchequer, the Presi-
dent of the Board of Control, the President of the Board of
Trade, the Secretary at
War, the Lord Steward, and the
Master of the Horse.
Their Lordships agreed to certain orders to the Earl Mar-
shal, the Lord Steward, the Lord Charnberland, the Master
of the Horse, the Surveyor-General of the Woods and
Forests, and the Master-General of the Ordnance, to send
in particulars of those matters requisite for her
Majesty's
coronation. Their lordships adjourned shortly before three
o'clock.
Messrs. Peter Martineau George Martineau, and Mac Fie,
sugar refiners; Mr. Fairrie and Mr. William Gibson Craig,
M. P., had an interview with the Chancellor of the Exchequer
and the President of the Board of Trade on Saturday, in
Downing-street.
Messrs. Moffatt and Badgley had an interview with Lord
Glenelg on Saturday at the Colonial-office.

MONEY and COMMERCIAL MARKET.

(From tho Morning Papers of this Morning, Monday.)
TINIES.—The more the return of the quarter's revenue is
considered, the more surprise and misgiving as to the future
it excites in the city. Mr. Spring Rice's anticipations in va
rious ways cannot, it is calculated, amount to much less than
2,000,0001. In the first place his advances from the Bank arc,
on the face of th, return, about 300,0001. more than in the
pril quarter of last year ; then there has been a sum at his
disposal in the course of the last quarter of 400,0001., arising
out of the surplus deposits of the saving-banks, and with
which neither stock nor Exchequer. bills have been purchased ;
and last, there are his large anticipations, already frequently
adverted to, of the income of the July quarter, now com-
menced, and which must considerably exceed 1,000,0001. Of
course there can be no purchases either ford sinking-fund or for
the account of the saving-banks for a long time to come, and
the
once of the Commissioners who have so long had the ma-
a4ge•Ment of them will become a sinecure.

MORNING POST.—The return published in last night's Ga-
zette of the quarterly a►erages of the weekly liabilities and
assets of the Rank of England, for the quarter ended the 3d
instant, exhibits no variation of consequence. The average
stock of bullion held by the Bank exceeds the amount stated
in the return published last month by 111,0001. The rest, or
reserved fund, of the proprietary, has increased to the extent
of 43,0001., which rnore than covers the sum taken by the
Directors to enable them to make up the dividend. The item
has in fact been upon the increase now for several months
past. The particulars collected from the present returns, as
compared with those applicable to the month of March, are
as follow :—The circulation has increased from 18,600,0001.
to 18,987,0001. The deposits have decreased from
11,535,000/. to 11,262,000/. The securities have increased
from 22,792,000/, to 22,838,0001., the stock of bullion from
10,015,000/. to 10,196,000/., and the rest. or reserved fund
of the Bank, from 2,672,0001. to 2,715,000/.

MORNING CHRONICLR.—The monthly official return of the
quarterly average of the weekly liabilities and assets of the
h s nt.k of England for the three months ending the 3d. inst ,
with_ "en published ; from which it appears that, as compared
_the 7,000/. last report, there is an increase in the circulation of
i.tO
the difference between 18,600,0001., and 18,987,000/.
decrease
11 7- in the deposits of 273,0001., the balance between
4,000/. and 11,062,C00/. ; an increase in the securities of
46,0001., the excess of 22,838,000/. over 22,792,0001.: and
!fincrease in the stock of bullion of 111,0001., the difference
between i
tWeen 10,015,0001. and 10,126,000/. There is also an in-
rease in the rest or surplus capital of 43,0001., the excess of
2,713,000/. over 2,672,0001. The above does not offer any ma-
tc,rial matter for remark, the only important item being a falling
Orns wale extent of increase in the stock of bullion, but this is at
°nee accounted for by the large shipments of the precious me-
tals which have been made for the United States, These,
however, have not been effected to the extent intended, and
the Bank of England, we understand, has suspended any fur-
ther exportation on their account. It is said, that apprehen-
aive of the consequences of the misunderstanding with the
Batik of the United States, the Directors have absolutel f
feited the policies of insurance upon a very large
amouny tor-
of
Ilmney. Taken at the lowest calculation, at one per cent„
there is a dead loss on this head, we are informed, of 15,000/.
It is unnecessary to say that the amount intended to be shipped
must have been 1,500,000/., yet we were told by those who
are the regular supporters of the Bank, that the whole to
be sent to the United States would not exceed 500,0001. To our
knowledge the transmission of 1,000,000/. was contemplated,
and this we stated at the time, but it is evident that a much
more extended operation was to have been made, for a consi-
derable quantity has already been shipped, which must neces-
sarily be added to the 1,500,000/. now withheld, making alto-
gether between 2,000,0001. or 3,000,0001. The resolution of
the Bank Directors will doubtlessly tend to retard the imme-
diate returns of credit and confidence in the United States, for
the arrival of a considerable amount of bullion at the moment
of resuming cash payments would have given animation
to every thing; but it is still to be hoped that suitable
arrangements have been made by different banks of the union
for this desirable object, and that all due precautions have
been taken.

IiERAI.D. —The extraordinary defection which has taken
place in the public revenue has given 1-se to no small degree
of discussion amongst our commercial interests, and it is con-
aidered by practical men that Mr. Spring Rice will have some
trouble in explaining, in consequence, to Parliament how far
the modern doctrine of free trade has benefited either the re-
poue or the commerce of the country. To show, however,
w little the movements of the present party in power have
Influence Upon the public securities, we need only repeat that
their value he 9 not declined on the Stock Exchange, which
Vmay be ascribed, so far as the public securities of the country
, to the fortuitous circumstance that money cannot be pro-
`ablY employed to any extent in commercial purposes.
It will not be necessary to enter into an analysis of the pre-
tentower means of the Bank of England ; but it shows that the
c
P of that pretended national csablishment to serve the
a_urnrnereial interests of this vast community have increased,
commercial it into be hoped that the giant strength of their monopoly
will not in future be abused.
The following remarks upon the specie policy of the United
States will be read with some interest by our commercial
Men
The large importation of specie, which some of our banks
)
""T ordered, will begin to come in upon us after the packets
it the Ist and Bth of February: and if they do not unsettle
be e specie ballast of Great Britain again, the importation will
a healthy stimulus for us in the resumption of specie pay-
mu
;CrY"t3. Tho currency of Great Britain is at this moment in a
sound state, seldom or never sounder, the Bank of Eng-
and showing the acquisition of a great increase of bullion, and
tha decrease of circulation, while at the same time money is
ndant at a low rate of interest, and there is no great dis-
ain the community. These are all signs of health, wh:_le
;o reverse would be signs of disease. If we disorder this quiet
i:),,s!rained efforts to engross more than our proportion of the
ullion of the world, the cow.equences will recoil on us. Our
tej,tton, tobacco, rice, and stocks will first feel the shock, and
have again would be re-enacted the scenes of a year ago. We
e learned the great lesson, by the most melancholy expc-
rietee
port
that gold bills, adulteration of the coin, and forced im-
anons of specie do mischief instead of good."