The Sun.
London, England, 1840-04-17 00:00:00

NEW ZEA LAND.

To the EDITOR of the MORNING CHRONICLE.
SIR,-1 observe in your report of the speeches delivered
at the City meeting, respecting New Zealand, that I am
stated by Captain Ackerley, " to have 50,000 acres
there." I beg to Worm you that lam not, and never have
been, individually, tva, proprietor of one single acre.
The only connection that I have with that country is as
Chairman of the New Z2aland Company, in whom col-
lectively is invested all interest in the lands which have
been required.

I am, Sir, your most obedient servant,
Putney-heath, April 16. DURHAM.

MONEY MARKET and CITY NEWS,

(THURSDAY EVENING.)
TIM ES.--A further decline has taken place in Con-
sols, supposed to be on account of the angry tone mani-
fested in the correspondence between the British
Minister and the Secretary of State at Washington on
the boundary question, as communicated in the papers
brought by the British Queen.
In the Share Market there has been much excite-
ment. The Great Western rose above Si. since ye's..
terday, but, although the rise has chiefly been in these
shares, still, as the others have partaken in the advance,
it is supposed that the direction of speculation towards
this market is the sole cause of the improvement.
Great Western has been done as high as 15 and 16i
for the half-shares, leaving off about It lower ; Birm-
ingham are at 75 to 77 premium ; Brighton at 1041 to
10 discount.

The business clone in the foreign exchanges to-day
was very ►imited. The rates on Amsterdam and Paris
were about the same as last post, on Hamburg a trifle
higher.

Tt,e British Queen has brought Papers from New
York to the Ist of April inclusive. The tendency of
the Stock-market was still downwards ; the North
American Trust had declined Si per cent. since the
previous day, and were at 41k. The United States
Bank had declined it, and were at 72. Active busi-
ness had been done in sterling bills; the supply was
equal to the demand, and the rate was 4 77 to SO
the pound sterling. On France the rates had under-
gone no material alteration since the sailing of the last
packet. Money on " strictly business paper" could
be commanded at 6to 7 per cent.; but at higher rates
on other paper. The amount of business paper was
small, so that parties indebted abroad found a difficulty
in making purchases of bills to the extent which would
be the case if money were plenty, and this occasioned
the low rate of bills.

The New York Journal of Commerce treats of the
charge against Messrs. Baring by the papers that are
organs of the " United States Bank." It altogether
denies the validity of the proofs, that a conspiracy
had been formed by Messrs. Baring and Messrs. Prime,
Ward, and Co., to break the Bank of the United
States, which the Courier and Inquirer is still bringing
forward, and considers Mr. Jaudon's letter to the
Messrs, Baring as conclusive. Another journal sums
up the case thus August, the bank being on the
point of bankruptcy, Mr. Jaudon applied to Messrs.
Baring for a loan, which was partly promised, but Mr.
Jandon so exposed the state of his affairs, winch were
sufficient to convince any one of the insolveuoy of the
concern, that Messrs. Baring refused to complete the
loan. Nevertheless, being largely interested in the state
stocks, which would suffer by the failure of the bank,they,
in connexion with others, agreed to prop it up for a
time, and at the same time, " as in duty bound," told
their correspondents of the perilous state of the con-
cern, in order to protect them from loss. The ne-
cessity of this was subsequently proved, for, although
the Bank got the loan, she failed both in England and
the United States, and her Stock, then at 110, is now
at 72. Messrs. Prime, Ward, and King, a day after
the intelligence, sold for a Boston house 300 to 400
shares, opening at 105, and closing at 98 per cent. This
was followed by a charge of conspiracy against Messrs.
Baring in the Courier, and it is said that there is not a
post-note bank in the City under the law that does not
plead a similar conspiracy against them when they can-
not pay their post notes. Thus the affair would seem
to be finally disposed of in the United States, as it has
been long ago in this country.
The New York canals appear to have steadily pro-
gressed. The report of the Canal Commissioners gives
a comparison between the years 1838 and 1839. In
the former year the amount of property cleared out was
$65,746.599, the tonnage 1,333,011, and the tolls
were $1,590,911 97c. ; in the latter the amount was
$73,399,764, the tonnage 1,435,713, and the tolls were
$1,616,382 2c.

By this arrival papers from Montreal to the 28th,
and from Toronto to the 25th ult., have been received.
Much attention was directed in both the Canadas as
to what was going on in the United States relative to
the boundary question, but it is affirmed that no mili-
tary preparations are making on the Maine frontier
which are not purely defensive, and such as the sud-
den irruption into the disputed territory last year fully
justify.

CHRONICLE.—It being now certain, from the
answer given by Lord John Russell to Lord Mahon in
the House of Commons last night, that the British
Admiral, commanding in the Mediterranean, bad re-
ceived instructions to take such measures as he might
deem necessary to obtain satisfaction from the King of
Naples for the injury sustained by British merchants
engaged in the sulphur trade, in consequence of the in-
fraction of the treaty of 1816, by the Neapolitan Go-
vernment, Consols were depressed * at the opening this
morning, and continued flat the greater part of the
day ; but previous to the close of business the market
had recovered. Thereafter some rumours of the un-
satisfactory character of the news brought by the British
Queen having partially transpired, a reaction took
place, and the closing quotations were 91i to j, being
the same as the opening, but the news had not gener-
ally spread, and the effect on the Funds cannot, there-
fore, now be ascertained till Saturday, to-morrow being
a holiday.

SUN.—A deal of excitement prevailed in the City this
afternoon on the receipt of the news by the British
Queen, relative to the boundary question, which ap-
pears from the correspondence that has taken place be-
tween the British Minister at Washington and the
American Government to be in a very critical position.
The commercial news from the United States is still
not what we could desire; trade was not active, bank-
ing not sound, and confidence not general. The British
Queen has on toard 150,000 dollars in specie. The
exchange at New York, on the Ist instant, for bills on
London, was 7i to 8, and United States Bank Shares
were 724.

The Foreign exchanges, in consequence of to-morrow
being a close holiday, were quoted this afternoon. They
were heavy, but much the same as on last post day,
viz., Paris 2M. 52c. to 551. ; Hamburgh 13 81 to 9,
and Amsterdam 12 1.
The Funds closed heavily from the effect of the
American news ; Consols for present transfer at 90i
to 91, and for the Account, at 91i to 4. The heavy
Stocks were also rather lower.
Portuguese Bonds were not so firm as in the, morn-
ing, the New Five per Cents. leaving off at 36, and
the Three per Cents. at 24g Spanish Active Stock
was heavy at 281, and Dutch Two-and-a-Half per
Cents. receded to 521.
The Railway Shares were all higher. The Great.
Western touched 15 prem., the Birmingham 75 prem.,
and the South Western, 7il prem.

ChiiieUhßtChlei-citasAeslo'Ef
Rev. the Las t
JMonday
igg beingand the
Williamd
a
y
to w
Notcutt, dissenting ministers, summoned at the Town-hall,
Ipswich, for not paying Church-rates, stood adjourned, the
Magistrates' room was crowded with Dissenters, anxious to
hear the Rev. Gentlemen's defence. They both spoke with
considerable force, but of course unavailingly. Orders for
payment were made in both cases. Those which stood over
from Thursday to enable the Bench to consider the objection
that the rate had not been demanded by the churchwardens in
person, were next taken, and the Magistrates decided that the
obj,>ction could not be entertained.
At the meeting of the Geographical Society, on
Monday evening, Captain Wash'ngton stated that accounts
from Mess.rs. Dease and Sim tion, relative to the progies4 cif
',u-IV t
they might probauly be received belure the next meetii;g.