The Sun.
London, England, 1840-10-30 00:00:00

WITH PROFITS.

Age 20.1 Age 30.1 Age 40.IAge

£s.d..£s. di t, s. d.l.£ s. d.ll£ s. dl£ s. d.£ s. d..£----s. d.
1 11 8 2 2 2 217 0 4 0 8 1 16 II 2 9 2 3 II 64 14 2

A division of the profits will take place quinquennially.
Bonuses accrue after three annual premiums shad have been
paid ; and parties can receive their bonuses in a present sum,
or have them applied in augmentation of their Policies, or in
reduction of their future Premiums.

Assurers on the non-bonus system may contract to pay their
Premiums either in one sum, in a given number of payments,
in annual, half-yearly, or quarterly payments, or on the ascend-
ing or descending scalee.
Officers in the Army and Navy, when in active serviee, Per-
sons afflicted with chronic and other diseases, and such as are
going beyond the limits of Europe, are also Assured at mode-
R

Prospectusm, arid all necc->ary iuformation, may be t6t.ained
B.t.tbe Office. VroeMsabi cati
•
ICHAEL SAWARD, Seoretary.

EASE AND COMFORT IN WALKING.
BADDELEY, of No. 130, Strand, begs
• to inform the Public that he has completed his new
mode of PREPARING LEATHER so as to render it soft and
durable, possessing a degree of elasticity hitherto unequalled,
and manufacturing Boots and Shoes on a principle combining
elegance with ease. An extensive assortment of best made
articles always ready.
No. 130, Strand, Corner of Waterloo-bridge, London. Es-
tablished 45 years.

MONEY MAR.i,ET and.CITY NEWS

(THURSDAY EVENING.)
TIMES.—Some notice has been attracted in the
Stock Exchange to the recent operations of the Bank
broker, who is understood to be making sales of Exche-
quer Bills, and purchasing Consols with the proceeds, or
possibly to a greater extent than the sum produced by
the Exchequer Bills. To this operation is ascribed
by the leading jobbers the advance and firm tone of
the Consol Market within the last few days; but the
really important question arisinc, from it is whether,
under the circumstances in which the Bank is placed
at present, it is a legitimate banking operation.
Having intimated by the late notice, and the actual
refusal of accommodation in many instances, that
restrictive measures are considered necessary by the
Directors, all their other acts ought to be to the same
tenour, and either act restrictively, or assist in placing
the Bank in a more commanding position, in the event
of a continuance and increase of the pressure. To ob-
viate all doubt that such an operation has really been
entered into by the Bank, it is mentioned that the
Bank broker in many instances effected an exchange
with the jobbers of one security for the other, con-
senting to a higher price by a -I per cent. for the Con-
sols, in order that the Exchequer Bills, then at an
equal discount, might be taken at par, which would
never have occurred had it been a transaction for third
parties, and not for tha account of the Bank abso-
lutely. The Exchequer Bills which they are thus
anxious to convert into stock are believed to be a
portion of that sum of 800,0001. which they were per-
mitted to take of the Government at ss. premium only,
when Bills bore a premium of 20s. in the market.
There is much difference of opinion as to the preference
to be given to one security or the other as a banking
asset ; and it is certain that Exchequer Bills, since the
tampering with them by Lord Monteagle, have not re-
gained their former character in that respect. Of late,
too, that market has been weakened by sales for ac-
count of the East India Company, and by the general
disposition of the public to part from them as an invest-
ment from the time when the first alarm of war pre-
vailed, in which they never participated, and were de-
sirous of changing them for stock at the low prices.
This operation of the Bank may be said to have com-
pleted the discredit of Exchequer Bills as a banking asset.
But it is well remarked on this occasion, that what
is a good asset for a private banker may be a very im-
proper one for a bank of issue like the Bank of Eng-
land. In purchasing Consols, if they think fit to do so,
they may go on to any extent they please by merely
issuing notes ; but when that stock is to be realized,
which would generally be required nnder some adverse
circumstances of a political or financial nature, the fund
sales of the Bank would affect the property of every
other man who held the same security, and that to a
very serious extent. There is a strong feeling, therefore,
against the adoption of any such security by the Bank.
It is remarked further, that the demand among com-
mercial men for accommodation at this time being very
considerable, the Bank should have been content, after
selling the Exchequer Bills, to employ the money
in discounts, and it certainly seems very absurd to buy
stock which does not yield three-and-a-half per cent.,
instead of discounting the best bills, for which five
per cent. may be readily obtained. For it is not
the quality of the bills that has led to the late limitation
of time, but a desire to contract the circulation. But
if the money is to be employed, which is the case in the
operation described, it might as well have been placed
at the disposition of the trading interest as in Consols.
Thus the operation is clearly made out to be too littie
or too much, and it has spread dissatisfaction on all sides.

CHRONICLE.--From the rumours afloat as to
the future measures of the Bank in regard to the cir-
culation, the weekly meeting of the Directors to-day
was looked to in some quarters with interest. This
feeling, however, was known to be premature, and as a
favourable change in the French Ministry would lessen
the demand for specie on the Continent, by giving a?su-
rances of peace, it is to be hoped that any further ac-
tion on the currency of a stringent character may be
avoided ; but the fall in the price of Exchequer Bills
has not been owing altogether to sales on the part of
the public to invest in stock. The Bank have been
sellers in the Exchequer Bill Market. They have also,
it is true, in a few instances, lately been buyers of
stock, thus undoing with the one hand what they have
been effecting with the other ; but their sales of the
first tar outstrip their purchases of the other. In no
other way, at least, can We find consistency in their
conduct. Money continues scarce out of doors. The
discount brokers have been takers freely today at five
per cent., and find themselves pressed to supply the
demand.

Communications have been received by the com-
mittee of Spanish American Bondholders from Vene-
zuela, expressing surprise that an arrangement had not
been concluded with the bondholders, as they had given
their agent in London discretionary powers. A pro-
posal from Senor Fortique for a final settlement is
tbcreforQ expected. The revenues of Venezuela have
increased within the last year to the extent of from
$400,000 to $500,000. It was also stated to the com-
mittee that the money for paying the promised Chilian
dividend had been received in London, and that an ad •
vertisement of payment might be speedily expected.

in Paris
HERALD.—The improvement in prices at Paris,
wmaeyr Demerara the
t l the°thesr t ahs,
and the prospect of a peace administration there natu-
rally reacts upon this market. But it may be observed
and from Trinidad to the
that as in the fall, so in the reaciftsaioislnc,aorrtcherelisfeunds here
anticipated more particular facts commu-
nicated by no means so susceptfirbolemoDnee
Y above one
the those o
corresponding
Paris, f or
movementt h e 1 per cheenrte.
qfuoerm,sern
fourth. This results naturally from the fact that the
crisis touches France more nearly than this country.
By the Pandora packet dates have been received
ai;good deal
from Jamaica to the 18tb,
have been antici
from Barbadoes to the ad,
9th of September. The
nicated by this arrival by the
report
foNceertain proceedings at
second edition of the Herald this morning,
Through Jamaica advises have been received from
Venezuela and Bogota.
of disapprobation of policy is ex-
pressed. This, and other mattfers, will be more clearly
made manifest by the SenForromFothr tei
a meeting of the committee 0..1.
Fowles,
and South Ame-
rican bondholders to-claY. 1 ft.l . it is said, for
these people are extreme), incommunicative, and the
Chairman apparently not the least among them, stated
that communications bad been received from Caraccas,
mentioning that the Government were annoyed by the
assertion of Senor Fortique that the offer he had
made to the bondholders was the ultimatum of his
Government. On the contrary, it is observed, that his
plc'
powers were mere am to
dal with the matter, and
that, in fact, the Government . be 7 which he was deputed
conceived the terms proposed h
by
him much too screw-
ing, and such as the bondholders were justified in re-
jecting. From this it may be inferred that Senor For-
tique not only endeavoured to drive a harder barg-aie
than was expected, but was probably induced to the
course by the fromCommissionersor Bogota and Quito,
powers, fair terms to
who had no such propose, as
himself. As the Committee, sit with closed doors, the
bondholders, of course, wno thinmost deeply interested,
will be the last to know anyg authoritatively about
the real merits of the case ;th
at is, till the Committee
have had full swing to
make the best of their informa-
tion. It does not appear that from Bogota and Quito
any novelty has transpired.
In the course of the sitting, however, it transpired
that Senor Rosales, the Cbilian Envoy, was in town,
and that he was in possession of funds to pay, and was
prepared to pay, half a years dividend on the Chile loan.
It is singular that the fact has not before transpired, as
it has been well known for some time that the Chile
Government had remitted funds here on various occa-
sions. The Committee no doubt, clin rxpl tin the !starter
satisfactorily, for it can have no eottueetton with buying
i at) Chile crock at a low figure, as some ill-natured peo-
ple are pleased to insinuate. The adVioos from. Santiago

SUN.—There was a vague apprehension all y that
further notice would be posted at the Bank of :England
for raising the rate of discounts on commercial paper,
but it is satisfactory to state that there is no grounds
for any such apprehension. The mercantile cla as es are
pinched enough already, and, generaliy speaking, trade
has seldom been in a more wretched plight. The ru-
mour about the Bank, and the non-receipt of t b e lifo-
niteur, with the names of the new Ministry, m ade the
funds heavy all day.
Consols did not range higher than 874 to f 371 for
immediate transfer, and 874 to 87-,73- for the e.ccount,
closing for the former at 874, and the latter at .37i sel-
lers. Exchequer Bills brought 2s. to .ss. discou at only,
and India Bonds fell to I6s. discount. Bank Stock
receded to 1604 to 160, the New Three-and-a-Half per
Conts. were not higher than 97 to 964, and the, Three
per Cent. Reduced Annuities rallied to 864 t o 864.
Money was scarcer to-day.
The Foreign Stocks only led to a moderate lat isincss
to-day, but they generally supported yesterday's value.
Spanish Active Bonds brought 20? to 2 ; Portuguese
New Five per Cents., 32i; the Three per Cents. 219 ;
Mexican Consolidated 27 to 26.1 ; Colombian Six per
Cents. 21 for the old bonds, and 224 to 23 for those
of 1524; Danish Stock was at 75 ; French Five per
Cents. remained all day at 106 f. 50c.; Dutch Two-
and-a-Half per Cents. were not quite so good, being at
504, but the Five per Cents. improved to 954 to 954.
The Railway Shares were all a shade lower.