The Sun.
London, England, 1847-04-23 00:00:00

and fired, but without any apparent injury to the
pirates, who threatened to return and kill them all, to
which the Lascars answered they were quite ready for
them.
As I said before, the booty must have been immense,
the Omegiehaving lost opium to the value of 70,000 dolls.,
with 40,000 dolls. The Caroline's loss was not so high,
but is estimated in opium and treasure at 60,000 dolls.—
Total 70,000 dolls., or about 36,0001.
Th rvivors of both vessels have been examined by
the eia ul of Amoy and the chief magistrate of Hong-
Kong, and the China Mail, in introducing an abstract
of the evidence, justly remarks:—
" Deeply as the fate of the sufferers is to be deplored,
the evidence of the witnesses shows it to have been in a
great measure attributable to mismanagement and want
of vigilance on the part of those to whom were intrusted
so many lives and so much valuable property of the most
alluring description. Their sole dependence in case of
attack was upon the means on board of their own vessels,
which, however, were ample; but although their atten-
tion for some days previous had been repeatedly directed
to the pirate boats, yet, without having a gun loaded or
I man ready, they allowed themselves to be surprised
and boarded, when sauve qui pent was their only re-
source, though it would appear that no great discipline
or resistance would even then have sufficed for their de-
fence. Instead of leaping overboard, or rushing in panic
haste to the boats, had the few men then on deck, with
muskets and ammunition, taken to the rigging, it is more
thantprobable they would quickly have made the deck
too hot for their assailants.
Hwang, the distinguished Lieutenant-Governor of
Kwang-tung (Canton) province, has been degraded, and
sent prisoner to Pekin. Two causes are assigned for
this untoward event, both, to our notions, trivial
enough, and neither, probably, the true reason
for removing perhaps the most enlightened states-
man who has ever had the direction of the
foreign policy of the empire. His talents, and
the use he made of them, could not fail to create
jealousies at the Court of Pekin, and it is probable his
enemies have fixed upon a neglect of a merely formal
observance as an excuse to crush this really great man.
Otte report amongst the Chinese is, that he had ap-
pointed a military officer, on account of his age and long
service, to some honourable office, which was reserved
for literary candidates ; but the other reason assigned
seems more probable and is better confirmed. It is
Jis : we take the statement as follows from the China
Mail :
" While presiding at the late literary and military
examinations he received intelligence of the death of his
mother, and, according to the laws of his country, he
ought immediately to have denuded himself of office and
retired into privacy for three years ; but, instead of
this, it is said with the connivance of Keying, he kept
the matter secret until the close of the examinations,
when the circumstances having transpired, his enemies
(such a man in China cannot be without them) pressed
the matter on the attention of the Emperor, who imme-
diately ordered Hwang to be degraded and brought as a
culprit to Pekin. The punishment due to the crime is
death ; but he will, probably, be able to save his life at
the cost of a heavy pecuniary mulct and the loss of
office.
" It is said that Keying shed tears on receiving the
Imperial order; and well he might, for Hwang; has been
his right hand and the mainspring of his administration.
It is well known to those who have come in contact with
both, that for the reputation Keying has obtained in
Europe and America as an enlightened statesman, he is
indebted in no small measure to Hwang; and should the
next Lieutenant-Governor, as is probable, be of the old
stamp, the foreign policy of China will experience a re-
trograde movement—bringing back the petty diplomacy
of former days, to be cut short, perhaps, by another in
glorious war.

" The following communications on the subject have
been transmitted by the Chinese correspondent of the
China Mail:—

" Hwang Ngan-tung, Lieutenant-Governor, &c., lately
received the announcement of his mother's death, and
did not report it, but kept it secret, in consequence of
which offence the Imperial will is sent down in haste
that he be divested of office. The order having been
received on the morning of the 12th moon, 27th day
(12th February), the seals of office were delivered over
to Keying, who is in the meantime to discharge the
duties of the two pffiers.

Taukwang, 27th year, lat moon, 3d day."
" Keying. Governor of the two Kwang, and the three
Commissioners (of iustic,.,Finance, and Excise), having
received the deposit:on of Hwang, he was placed under
an escort, and on the 3d day of the Ist moon dispatched
to the capital.
" Tank wang, 27th year, Ist moon, .sth day."
The China Mail says—

" The failures alluded to in the Canton market report
are Acting's and the Footae Hong. The former has
been doing a large, but a reckless, business, and making
extensive shipments of tea under advances, generally
taking imports in exchange. These he has been com-
pelled from time to time to force off at under prices to
meet his engagements to the teamen, who seem to have
trusted him chiefly because they understood him to be
supported by foreigners. As the China new year, the
general settling time, approached, his creditors became
more pressing, and to meet the increasing demands he
was driven to raise money upon the goods stored in his
packhouses ; but, suspicion being excited, upon informa-
tion obtained, it is said, through a China boy, several of
the English merchants went across to Honam (an island
in the Canton river), and forcibly took from the shroft;
with whom the gods had been pledged, as much of
therm as they coufd lay their hands on. Through the
interposition of her Majesty's Consul, additional re-
coveries, bogs cf money and goods, have since been
wade, and even a portion of the goods pawned within the
city may be got back, so that the loss to our countrymen
is not expected to be very great. The Namhoi bas closed
Aming's doors, and sealed up his papers, stationing a
guard over thb hong, in which, however, there is not
much now to protect.
" Footae's difficulties are of old standing, and are
attributed to the enormous squeeze to which this along
with the other hongs was subjected to make up the
5,000,000 dollars for the ransom of Canton in 1841, and
which the Emperor was made to believe was the amount
of debts due by the Hong merchants and demanded by
foreigners.
. _ _

"Is is said that several other Chinese merchants are
struggling, the business they have been doing of late
having been unsound and unprofitable. The temptation
to ship under adlitces is irresistible, but the result has
been disastrous to themselves and injurious to the foreign
trade."

The Manilla correspondent of the China Mail, writing
on the 12th of February, states:—
"An English ship, said to be the Medusa, has been
dismasted in the late gale, and driven into the Bay of
Lampong, on the east coast of Manilla, opposite the
island of Polillo. The report was to the effect that the
vessel was in a sinking condition, and that her cargo is
♦aluable. A person has been sent, at the request of the
agent for Lloyd's, to ascertain the facts, and render such
assistance as may be practicable.
"The Medusa left London for Hong-Kong on the 22d
of August, and has been expected for some time past."

CANTON MARKETS.
(From the China Mail of Feb. 25.)
IMPORTS.
There have been two failures among the longs an-
ununced this new year; the amounts they owe to the
to en are said to
_be very large. The holidays have
only just terminated, and the market has hardly yet
opened; transactions reported therefore have reference
chiefly to theAhree weeks previous.

Cotton—Only about 1,000 baleti, all Bombay, are re-
ported as sold. The present quotations, nett, for cash
in two months, are—Bombay, 6.4 to 7.4 taels; Bengal,
7 to 8.2; Madras, 6.6 to 8.

Tne following is the monthly statement of stocks and
deliveries:—

Imptd. Stocks same periods.
Bales. Deld. 1847. 1846. 1845.
Bombay 3,341 5,239 24,659 45,515 50,555
4ngal
Madras
American
Shanghae

5,854 7,371 36,809 60,661 94,95

Cotton "Kkrn—The sales during the month are very
sill.Ab-elimports for the past month are reported at
1:10 Mit es, the deliveries 338, and the stock 3,922
against 795 bales at the same period last year. The fol-
lowing are tl;te quotations, duty paid, for cash, in two
months:—. 16 to 24, 29 dolls. to 30 dolls.; Nos. 26
to 32, 31 dulls. to 32 dulls. ; Nos. 34 to 42, 34 dolls. to
36 dolly.`

Long Cloths—Sales reported to the extent of about
40,000 pieces. The quotations for the current descrip-
tions, duty paid, are 2 dolls. 30c. for 60's up to 2 dolls.
80c. for 72's grlty; and 2 dolls. 501. up to 2 dolls. 95c.
for whites; less 7 per cent. for cash.
American Goods have been sold to the extent of about
" Zl,OOO pieces. A sale is also said to have taken place
outside of some 30,000 pieces drillings, without duty, at
2 dolls. 20e. to 2 dolls. 25c. cash in two months. The
Okrrent quotations, duty paid, are—drillings, 30 yards,
o• dells. 50c. to 2 dolls. 60c.; domestics, 40 yards, the
same; less 7 per cent. for cash.
Long Ells—The sales are reported at 6,000 pieces.
Scarlets have again advanced, and are worth 11 dolls.
Assorted have been sold at about 8 dolls. 80c. for LW
goods, duty paid, and less 7 per cent. fbr cash.
Stripes-1,800 to 1,900 pieces reported as
a*: An assortment of the best description of a favourite
m
k sold at 1 dolt 30 c. per yard, duty paid ; less 7 per
cent. for cash.
Carolets—One
18c. duly id,lemsra. all parcel only sold at about 18 dolls.
cent, for cash.
Iron—Sales to the extent of about 4,000 piculs have
been made to a speculator within the last few days, at
3 dolls. 90c. to 4 dolls. for nadrod and bar, duty paid,
less 2 per cent. for cash.
cent Lead is worth 5 dolls,. 80c. duty paid, cash, less 2 per
cashTiness Plates are
cen quoted 6 dells. to 6 dolls. 50c. dmy paid,
l 2 per t.

_ .
Betel Nut—No sales reported since our last. Only
1,500 piculs remain in first hands, and about 5,000 piculs
uncleared from the packhouses, which being a very
small stock, a better feeling exists regarding the article.
The nominal quotation, duty paid, is 2 dolls. 75c. to
3 dolls. 25c.

Rattans continue without improvement, and with a
heavy stock. The duty paid quotations are, Banjar-
massing, 2 cloth. 80c. to 3 dolls. 20c. ; Straits, 2 dolls.
50c. to 2 dolls. 70c. ; Water, 1 doll. 80c. to 2 dolls.
Rice has advanced a little ; cargo Manilla and Java,
1 doll. 75c. to 1 doll. 80c,; Arracan, 1 doll. 40c.
Putchuck has also advanced a little, say 9 dols. 50c.,
duty paid.
Cutch is extremely dull at 3 dolls. 50c., duty paid.
Sapan Wood continues steady at 1 doll. 75c. to 2 dolls.
duty paid.
• Cloves nominally at 25 to 27 dols.
Sandal Wood has advanced : Madras 10 to 13 dolls.,
duty paid ; South Seas, 10 to 11 dolls. 50c. ; Damaun,