The Sun.
London, England, 1841-08-24 00:00:00

world. The only kind of settlement that could he
effected has been in the payment of a small proportion
of the amount drawn for in cash, or an order on London,
with a renewal of the remainder at four or six months ;
and this notwithstanding that the bills have in most cases
the indorsements of firms esteemed safe in Liverpool,
Glasgow, and other leading places of business. In the
instances referred to there have been no outward stop-
pages, but, to attempt any other mcde cf arrangement
than that which we have pointed out, has been found
useless, the more general plea offered by parties for a
departure from the usual routine being, that sales of
goods are impracticable, and that the banks are affording
so little or no accumulation.

A system of gambling in corn is going on upon a
large scale, and it will appear a novel one to the majority
of our readers. A speculator engages to give so many
shillings per quarter for the " call" of wheat for the
month of November, and so on, upon the same principle
that a "put and call" may be obtained in the Consol
Market. This desperate game bids fair to result in seri-
ous disaster to the Bulls, or parties going for the rise.
ADVERTISER.—We have reason to believe that
affairs in Canada are going on better than the journals of
America would represent, for the opposition to the exist-
ing Government was no greater than ever, if we are not
misinformed.

The interesting intelligence received from China, via
the United States, has been most anxiously commented
upon, especially by the merchants and others connected
with the East India and China trades. Credit is given
to the information in its more important details, and had
the public sales of tea, which commenced yesterday, been
continued to-day, no doubt prices would have ranged
differently. By private contract on 'Change this after-
noon, there was not a great deal of bona fide business
transacted, but prices ruled much lower than they did
yesterday. Company's congou was quoted at 2s. 5-fd.
per lb. It must however be remarked, that news re-
ceived from China, by way of America, has always been,
and is still looked upon with some suspicion by our own
merchants.

It appears by an official intimation that has just been
issued, that the East India Company have altered the
rate of exchange. The Directors now intimate, that they
will receive cash for bills on Bengal at Is. 11d. the Com-
pany's rupee, and upon Madras and Bombay, at Is. Hid.
the Company's rupee.

ibr Painted Glass. Offered by Mr. Alderman Cope-
land, M.P.
6. To Mr. George Thompson, 51. ss.—for a specimen of
Arabesque -Painting. Given by' Henry Thomas
Hope, Esq.
7. To Mr. John Evans, Si. ss.—for the best design for
Mousseline de Laine. Given by J. Thomson, Esq.
8. To Mr. William Cheseling Wild, 3/. 3s.—for the best
design of a Drawing-room Paper. Given by J.
Thomson, Esq.
9. To Mr. Henry Durant, 31. 3s.—for the best plaster
model of Leaves and Flowers from Nature. Given
by the Council.
King and Dyer are boys not more than 12 or 13 years
of age, and Mr. Wyld, who has gained a prize each
year since the commencement of the school, has great
natural difficulties to contend with, having been born
destitute of the hand and leg of the left side ! Four-
teen young students received prizes of books from the
bands of the Prince as rewards of good conduct, regu-
larity, and attention to students.
. . _ _ _

Mr. LABOUCHERE then said, he was sure it would re-
quire few words, on his part, to insure a ready concur.
rence in the proposal which he was about to make,—
namely, that the meeting should return thanks to his
Royal Highness for having condescended to preside on
that occasion.—(Applause and cheering.) He need
not dwell upon the importance of encouraging a
taste for the Fine Arts in that part of the community
which was engaged in manufactures. It had long been
the reproach of this country, that we had allowed our
rivals in manufactures to outstrip us in matters of taste.
It was, however, gratifying to perceive that we did
not shut our eyes to our own deficiency, but con-
scious of its existence, had set about to remedy it.
Since the time of Louis XIV. France had schools of de-
sign, and it was not to be expected that our manufac-
turers, not having such instruction, could equal them in
taste. In Prussia, also, the artistical education of the
manufacturers was equally attended to. From what
had been said by Mr. Carlisle, and from the patriotic
zeal with which the Council devoted themselve to the good
of the school, there could be no doubt of its producing
the most important and beneficial results. In this school
there were at present 135 pupils, and in the school esta-
blished last year in Spitalfields, there were already
sixty pupils.—(Applause.) Communications had been
opened with the manufacturing towns of the
United Kingdom, for the purpose of extend-
ing
branch schools to them, and with the
most encouraging prospects of success.—(Applause.)
The Right Hon. Gentleman, after a warm eulogy upon
his Royal Highness, concluded by moving the warmest
and most respectful thanks for his honouring the Insti-
tution by his especial patronage.
Sir R. INcus in a short, but very eulogetic speech,
seconded the motion.

It w•as carried amidst enthusiastic and repeated cheer
ing and applause.

His ROYAL HIGHNESS said, I thank you for your kind-
ness. It gives me great pleasure to see the prosperity of
this institution, and I hope that prosperity will be always
increasing.
_ _ _

Having examined the works to which prizes had been
awarded, and which all merited the high approbation
with which he seemed to view them, the Prince withdrew
amidst the acclamations of the company and the loud
cheering of the crowd assembled in the street.

SOUND DUES.
DECLARATION.

The undersigned, her Britannic Majesty's Principal
Secretary of State for Foreign Affairs, and his Danish
Majesty's Envoy EXtraordinary and Minister Plenipote-
ntiary at the Court of St. James's, having examined the
Tariff of Duties on Articles not enumerated in the
Tariff of Christianople of the year 1645, which has
been drawn up on the part of Great Britain by Mr.
McGregor, her Britannic Majesty's Consul at Elsinore,
and' on the part of Denmark by MM. C. G. Wessel, and
H. H. Olrik, Translator, and Comptroller of the Royal
Danish Custom-house at the Oresound, have, in the
name and on the behalf of their respective Governments,
agreed that the rates of duty specified in that Tariff
shall be adopted for the space of ten years to come,
commencing from the 15th day of the present month ;
and, further, until the end of twelve months after either
of the respective Governments shall have given notice to
the other of •its intention no longer to abide by this
agreement. _ _ _

—ln witness whereof, the undersigned have signed the
present declaration, and have affixed thereto the seals of
their arms.

Done at London, the 4th day of June, in the year of
our Lord 1841.

(L.S.) PALMERSTON.
(L.S.) ADOLPH BLOME.

Tariff of Articlei, the Rates of which, corresponding
with One per Cent. ad,valorena, upon the undermentioned
valuations have this day been agreed upon between Mr
McGregor, her Britannic Majesty's Consul for the
Oresound, on the one part, and Messrs. Wessel and
Olrik, officers belonging to his Danish Majesty's
Oresound Customs on the other part, subject to the
approval of their respective Governments, and with
the understanding that the said rates are to be levied
and paid at the Sound in rix-dollars specie, equal to
two rix bank dollars in paper, and during the period
of ten years, to commence on the Ist June, 1841.
REMARK.—Thc coin in which the Sound Duty, Light
Money, Fees, and other charges at the Sound, are
charged and paid, is the rix-dollar specie, of which 94,
say nine and a quarter rix-dollars specie constitute, and
shall for the future be held equal to, one mark fine silver,
Cologn weight. The rix-dollar is divided into 48, say
forty-eight parts, denominated stivers. It is understood
that the said rates of duty are also to be levied in the
Belts.