The Sun.
London, England, 1847-09-01 00:00:00

at rather lower rates; middling black went lit 5, 21 to
5s 3d, and love to middling silvers 4, 9,1 to 4s I Id per lb.
W bola—The public sales have terminated, and
throughout were well attended by the trade. Although
the quantity of Colonial offered was immense, still the
demand was active, and nearly the %hole was actually •
sold, whilst the ratesobtained were equal to those of the
last auctions. There was ada sire generally on the part
of the trade to get supplied, as prices ruled moderate,
compared with late years; whilst there is a large con-
sumption going on. Other sorts met with a good de-
mand, and brought fair market rates.
OILS.—The market for common Fish Oils has pre-
sented a firm appearance since our last report, and there
has been a falling off in the supply. whilst the arrivals
have been of little moment.. Pale St al met with a
brisk demand, and brought stiffer rates. In
('ed several transactions have taken place at
27/ 5s to 271 10s, aed at which holders are firm. South-
ern of all kinds is wanted, and the parcels disposed of in
the private market were at full rates. At public
sale 43 tuns went at 24/ 10, to 261 55 for middling
to fine. The market continued to be well supplied
with Sperm, anti prices are on the decline, and
purchases to a fair extent have been made privatek
At public tea e 112 tuns of Colonial were tie srly all sold
Rapeseed Oil is little required. Linseed met with a
good home deniand, whilst exporters have been pur
chasers to a Lair extent; there is, however no further im-
provement to notice in the value, as the supply L, larger.
In Olive• business has ben chi eked by Ito ilers insist!, g
upon higher prices, and oi.ly small purchases have
been made. For Palm the market is pi a quiet stale,
and prices are on the deoline. although there is not a '
large stock, for flee quality 34. to 35, per cwt havitiu
been accepted. For Cocoa Nut prices rule high on ac-
count of the small supply, but pu-chasers operate with
caution, still they are compelled to pay 55s to 56, for
fine Cochin, and 54s to 55s for fine Ceylon. In Ltd
Oil little has been done, but fine is 13,1 d fur 48s to 49e.
African ground Nut Oil is dull of sale.
TALLOW.—The amount of business traniacted here in
Russian on the spot has been upon a small scale only,
tor all purposes, although further reduced rates hare
been taken, and 46s 6d to 47s per cwt is the present va-
lue of fine P.Y.C., at which there are ready sellers. Fer
delivery in the,;last three months of the year few con-
tracts have been concluded, although there are rollers at
45s 6d to 465; Home made is required, and can be
bought at 47s 6d nett cash. For other sorts the market
is still quiet, and prices are on the decline.

THE TAW VALE RAILWAY.
The ordinary half-yearly meeting of this company
was held yesterdaylat the London Tavern, at one
o'clock, for the transaction of the ordinary business
of the undertaking; Emanuel Cooper, Esq., in the chair.
But a small number of shareholders were pres-nt,
and some difficulty was experienced in getting thy
number necessary to constitute a meeting.
The advertisement convening the meeting having
been read, and the seal of the company affixed to the

register of proprietors,
The SECRETARY proceeded to read the report,
which stated that the directors had the satisfaction to
state that the Bill for the branches to Bideford and
Southmolton, and for enlarging the docks at Fre-
mington, had passed the Houses of Parliament, and r- -
ceived the royal assent on the 221 of July last. The
works reported to be under contract at the last
general meeting were proceeding satisfactorily.
The permanent way is laid down for nearly
the whole of the railway from the docks to
Barnstaple, but the directors have not con-
sidered it advisable, under the recent circumstances of
the country, to proceed very rapidly in constructing
the railway. The surveys are completed for letting
the entire works on the remainder of the line from
Barnstaple to Crediton, and the surveys are nearly
complete for the Bideford branch, which it is the
intention of the directors immediately to proceed
with. This branch will, in connexion with the line
already completed, and the other parts which are in a
state of forwardness, enable your directors simulta-
neously to open for traffic from sixteen to nineteen
miles of the line, and this they expect to effect in the
autumn of next year. They were unable to proceed
with the Bill for leasing the railway to the South.
Western Company, owing to the Committee of the
House of Commons, to whom it was referred, having
devoted so long a period to the South- Western and
other projects west of Salisbury and towards Exeter.
They, therefore, availed themselves of the resolution
of the House of Commons to allow the Bill to resume
its present po:dtion in the ensuing session of Parlia-
ment. They had pleasure in congratulating the
shareholders upon the success of their e
South-Western Company, during the past session
of Parliament, by which the interests of the
two companies are materially promoted. The
agrtement for leasing the Exeter and Crediton
Railway, under guarantee of the South-Western
Company, has been approved by the shareholders of
the resp ctive companies, and sealed accordingly. In
conformity with the agreement with the London and
South-Western Railway Company, the directors
recommend that the interest due to the 30th of June
last upon the deposits and calls of the capital stork
of the company, raised under the Act 1 Vic., cap. 27,
and the 8 h and 9:h Vic., cap. 355, shall be paid.
The statement of the accounts up to June 3 showed
the receipts to have been 98,223/. 3s. 4d., and the
expenditure 81,482/. 25. 7d., leaving' a balance in
hand of 16 741/ 04. 9d.
The CHAIRMAN stated that tower& the end of last
week one of, his colleagues and himself had 'gone
over the line. and, were enabled to report that the
progress already made had been most satisfactory ;
and that from the information they had collected, that
the line, when completed, would realise, the most
sanguine expectations which he and the directors had
formed with respect to it. As stated in the report,
considering the monetary condition of the country,
they had not felt it advisable to proceed very rapidly
with the works. They had felt that they should best
and earliest promote the interests of the proprietors
by proceeding with the Bideford branch im-
mediately, a distance of six miles, which, in con-
nexion with other lines, would enable them si-
multaneously to open from sixteeen to nineteen
miles in the autumn of the ensuing year. They
did not intend to call upon the shareholders to
raise the capital for the two branches referred to in
the report as having received the royal assent, ani
they were precluded by the recent Act of Parliament
from paying interest on that part of the capital, but
they should be enabled to pay interest on the bills
authorised and specified in the report, the usual
adoption of which, with the accounts, he begged to
move.
In reply to several questions,
The CHAIRMAN replied that their original intention
was to pay interest on all the capital. Two-
thirds of the proprietors of the Exeter company were
in favour of leasing the line to this company, which
could not obviate running over nine miles of that
line. Means had been taken by injunction, through
the instrumentality of another company, to prevent
the laying down of the broad gauge upon it. Their
'line, which would be 45 or 46 miles in length, must
take advantage of this small line, but about six miles
in length,, and it was natural to conclude that the
narrow gauge should be laid down on both. If it
were to be _constructed on the broad gauge they
would be compelled to carry a parallel line by the
side of it. About 3,000/. of the calls remained un-
paid. The directors had all paid upon their sham.
Those in arrear were charged Si. per cent. interest
and 51. besides, 101. altogether, so that the company
would not he great losers.
Mr. BAI.DoN entirely approved of the resolution of
the Legi-lature, as he believed it wou d have a salu-
tarythat I,2ool.wlialuragudei i
been
sum
mlv
evfoottrei
seo tusottninattlEtat ten directors, and
etlect upon that anti other companies, lie saw
altitneen,thhnie ttroustt,hde
asthaitt wthaesya
affairs of the conpany.
The CHAIRMAN assured the Hon. Proprietor that
they would leave nothing undone to advance its in-
terests.
The motion, together with one respecting the pay-
ment of interest on the capital referred to in the re-
port, was agreed to.
A SHAREHOLDER hoped that the agreement with
the Great Western would be ultimately carried out.
The CHAIRMAN said there was no dou•it about it ;
but should they fail, a company, which formerly
made overtures to them; which were notaccepted, iva s
willing to give such terms as they would accept. The
advantageous nature of the line was beginning to be
perceived.
been awarded to the
gmeeting separated.
ChAairmvoatne
aoL

Price.

841 d

BANK of ENGLAND.—ELECTION
OF GOVERNOR.
(Continued frOm our Afternoon Edition of yesterday.)
Preciely at four o'clock the balloting for the new
Governor ceased. The Court of Directors being
bound by their bye-laws to keep the ballot open
until that time, although during the last hour only
one person came forward to give his vote. The
glasses having been sealed in the presence of
the directors, the scrutineers proceeded with them
to an adjoining room, for the purpose of count-
ing them, and after an absence of a few mi-
nutes returned into court, and stated that by the
ballot James Morris, Esq.,
Governor
elected by seventy-
eight votes to the office of
during
appointed
b re-
maindery of the year. The scrutineers
the court were Thomas Gribble, Esq., John Vines,
Esq., and Robert Sutton, jun., Esq.
Mr. KNIGHT, the secretary, then read the minutes
of the proceedings, and the court adjourned.

Lieutenant. Colonel Crofton, of the 6th Regiinent,
who, it will be remembered, went out in June, 1846, to
the H.ud-on's aty Compßny's territories. in command or
an expedition on t.pecial t•ervice, hae arrived in 'England
by the la,t r•ti-i,mer from Bo.ton, having perloi tu.,11 tin
duties as,igned to him. The we understand, will
return to England next year, either by litichub's BLy or
th" roire of La S iptoior to ettotola
DEATH OF FREDERIC SOULIE.— Ihe Journal des
Thatres announces the death of M. Soull6, caused by a
complaint, Against which he struggled for many wens.