The Sun.
London, England, 1847-10-19 00:00:00

No. 171183.] LONDON, TUESDAY EVENING SUN, OCTOBER

OTAGO, NEW ZEALAND*
The Court of Directors of the NEW ZEALAND COM-
PANY hereby give notice, that Passages may be obtained in the
First Class Ship JOHN WICKLIFFE, 661 tons, chartered by the
Company to sail from the Port of London, on the 15th of November
next, on the following terms :

Chief Cabin, for Two Persons, in the same Cabin-35 guineas each.
Chief Cabin, for a Single Person, the whole Cabin-50 guineas.
Fore Cabin Passage, 20 guineas per Adult. A separate agreement
with respect to Stern and Poop Cabins must be entered into. The
prices for Children will be in the proportions fixed by the Passengers'
Act, or as the Directors may fix in the case of large Families.
Families or Individuals taking Fore Cabin Passages may have ex-
tra space for their accommodation, upon payment of a proportionate_
additional sum. Half a ton freight will be allowed to Chief Cabin,
and half a ton to Fore Cabin Passengers, free of charge; extra freight
will be allol4 ed by the Directors, in their discretion, at the rate of
50$. per ton measurement, and 255. per ton dead weight.
Tho Company will appoint an experienced Surgeon, and will pro-
vide medicines and medical comforts.

Applications for Passage or Freight to be addressed to the Secre-
tary of the New Zealand Company,Broad-street-buildings ; •r to
J. Stayner, broker, 110, Fenchurch-street, London.
A deposit of 201. will be required for every Chief Cabin Passage,
and 101. for every Fore Cabin Passage, which must be paid to the
Company on securing the Passage, and the remainder one day pre-
vious to embarkation.

Another First Class Ship will also be dispatched from the Clyde
about the same time for the same Settlement.
By order of the Court,
THOMAS CIMBERT HAIIINGTON.
New Zealand House, 9, Broad-street-buildings,
London, October 15, 1547.

NOTICE.
REDUCED FARES—LOWER THAN EVER.
GRAVESEND via BLACKWALL RAIL-
WAY, and STAR and BLACKWALL PACKETS.
Second Class and Fore Cabin, SIXPENCE ;
First Class and Saloon, EIGHTPENCE.
Railway and Boat included In one Payment.
No other Packets call at the Grays or Greenhlthe Piers.

From the Brunswick Wharf, Blackly- all,it-9:10:11712,i4, 2%,
3%, 4%, 5%, and 6. Sundays, at 9, 10, 11, 1%, 2%, 3%, 5, and
6. The TRAINS starting one quarter of an hour before each of these
times.

The New Terrace Pier, Gravesend, at 7, 734, 834, 914, 11%, 1,
2,3, 4,5, and 6. Sundays, at 7 834, 111,4, 1,3, 4,5, and 6.
BOAT TICKETS.—TweIve Months, 41.45. ; Six Months, 21. lbs. ;
Three Months, 1/. 155. ; to be had of the Collectors on board the
packets ; Mr. Monk, Terrace Pier, Gravesend ; or of Mr. Saunders,
Brunswick Wharf, Blackwall.
October 1, 1847.

FHE LIVERPOOL AND LONDON FIRE
AND LIFE INSURANCE COMPANY.
8, WATER-STREET, LIVERPOOL,
3, CHARLOTTE-ROW, MANSION-HOUSE, LONDON.
Liability of the Proprietors unrestricted.
Moderate Premiums in the Fire Department.
Guar inteed Bonuses and other peculiar advantages in the Life De-
partment.
Policies, limning the value of Leasehold Property at the termina-
tion of the Lease, are also issued.
SWINTON BOULT, Secretary to the Company.
BENJ. HENDERSON, Resident secretary. London.

N ATIONAL LOAN FUND LIFE
ASSURANCE SOCIETY.
26, CORNHILL, LONDON.
Capital £500,000. Empowered by Act of Parliament.
This Institution embraces important and substantial advantages
with respect to life assurances and deferred annuities. The assured
has, on all occasions, the power to borrow, without expense or for-
feiture of the policy, two-thirds of the premiums paid (see Table);
also the option of selecting benefits, and the conversion of his in-
terests to meat other conveniencies or necessity.
Assurances for terms of years on the lowest possible rates.
DIVISION 43F PROFITS.
The increasing prosperity of the Society has enabled the Directors
at the annual meeting held en the 12th May, 1847, to declare a fifth
?sinus, varying from 35 to 85 per cent. en tke premiums paid on each
policy effected on the profit scale.
EXAMPLES.

1 Perma- Sum the
.c; Annual ,Policy Bonus in nent Re- Assured
Pre- taken addition Bonus in duction of may bor-
* mum. out in Assured. Cask. Annual row on
Premiums. Policy.
X s. d.' X a d. £ a. 1. £ a. d.
r 1837 243 9 3 112 8 5 18 4 6 494 8 10
1838 218 4 8 99 8 10 15 13 9 445 0 0
X Xs. d. 1839 192 110 86 1 313 4 9 395 11 1
60 1000 74 3 4 1810 143 510 66 8 4 919 1 346 2 3
1841 138 14 2' 61 17 6 9 9 2 296 13 4
1842 11l 6 8i 49 10 0 710 4 247 4 5

The Axnual Report, with tables of rates, &c..
office, or any •f its branches in the country ; o:
ba forwarded post free.

~ may be had at the
or, en application. will

F. FERGUSON CA

ItOl7X, Secretary.

WELLINGTON SURTOUT—Patronised by
Prince Albert, the Royal Family, the Commander-in-Chief
and principal Nobility and Officers of the Guards—Two-and-a-Halt
Guineas. _ . .

In London only of FOUGERE, Patentee, 6, Conduit-street, Regent
street, and 80A, Cheapside.
Agents.—Birmingham : Hollingsworth, New-street—Liverpool
M actaggart, Bold-street—Manchester :-Brown, Market-street —York:
Evers and Anderson—Edinburgh : Marshall and Aitken —Glasgow :
Brodie, Macleod, and Co.; and principal tailors in all large towns.

ROYAL POLYTECHNIC INSTITUTION.
A LECTURE on the PHYSICAL PROPERTIES of a JET
of 'TEAM, in reference to ♦ENTILATION, &c., with Novel and
Interesting Experimen.s, by Dr. BACIIIIOFFNER, daily at Half-
past Three. LECTURES on CHIRAC TER, with Musical 11
lustrations, by Mr. J. RUSSELL, accompanied by Dr. Wallis,
on the 'Pianoforte, every Evening, at Eight o'clock, except
Saturday.- CHEMICAL LECTURES. The ELECTRIC TELE-
GRAPHS worked. The -WORKING MODELS, explained daily.
The beautiful OPTICAL EFFECTS include an entirely New Series
of DISSOLVING VIEWS. DIVING BELL and DIVER, with
HYDE'S NEW APPARATUS for CONYERSING with PERSONS
under WATER, &c. &c.
Admission, Is.; Schools, Half-price.

Just published, carefully arranged under the various letters of the
alphabet, price Is. each book; post free 4d. extra,
THE UNCLAIMED DIVIDEND BOOKS of
the BANK of ENOLAND, containing the names, addresses,
and descriptions of upwards of 20,000 persons entitled to various
sums of messy of all amounts, being the whole of the Unclaimed
Dividends and Stock in the Public Funds, amounting to many mil-
lions of money, which have been accumulating during the 18th and
19th centuries, and the whole of which can now be recovered by the
next of kin. Be careful in stating what particular letter you re-
quire. The whole b..und together in cloth, price 20s.
IT. Strange, 21, Patenioster-row, and all Booksellers.

MR. VINCENT'S NEW WORK ON SURGERY.
Published This Day, in 1 vol. Svo., with Plate, price 12s. cloth,
OBSERVATIONS on some of the Parts of
SURGICAL PRACTICE : preceded by an Inquiry into the
Claims that Surgery may be supposed to have for beiig classed as a
Science. By JOHN PAINTER VINCENT, late Senior Surgeon to
St. Bartholomew's Hospital.
London : Longman, Brown, Green, and Longmans.

JOSEPH MAPPIN'S PORCELAIN HANDLE
TABLE KNIFE ; Registered June 4, 1847, No. 43,501; is
the most useful and chaste article ever produced, combining ele-
gance, economy, and durability. It far surpasses ivory in ite splen-
did appearance, and is 50 per cent. cheaper. It is particularly re-
commended for its purity and sweetness—a little soap and water
restores its first splendid appearance. It will not break with falling,
neither will it be the least affected by time or service. All these ad-
vantages combined in this article, which together with the low price
at which the article is produced, form a tout-ensemble never before
attained.
Sold retail by all ireamongers, cutlers, and jewellers, in the United
Kingdom and the Colonies. Manufactured only by JOSEPH
MAPPIN, 22, Norfolk-street, Sheffield, where they can be obtained
wholesale; also at his warehouse, 15, Fore-street, City.
N.B.—To Merchants, Shippers, and Buyers, generally, J. M. offers
considerable advantages, in keeping a large Stock of Cutlery At his
London Warehouse from his Manufactory in Sheffield, whioh is
suitable for every description of Wholesale and Export Trade, an ad-
vantage possessed by no ether Sheffield House.

EYEBROWS, MOUSTACHIOS, and WHIS-
KERS produced in a few weeks, and Baldness removed and
prevented by the use of GRIMSTONE'S AROMATIC REGENE-
RATOR, an essential spirit, drawn from aromatic herbs and flowers,
a few drops of which cure headache in a few minutes ; it is also a
mast delightful, fragrant toilet perfume. Sold only in triangular
bottles, protected by the Government stamp, at 4s. ; double the size.
7s. ; and double this size, lls. each ; enclosed in a Pamphlet, con-
taining testimonials .1 undoubted authority, entitled " Three Minutes'
Advice on the Growth and Preservation of the Human Hair, Acc."
By post, 4s. 6d., 7s. fid„ and 125., for money orders only.
Sold wholesaler my at Grimstone's Herbary, Highgate, near
London ; and by Messrs. Barclay and Son, Farringdon-street ; Sanger,
Oxford-street; Messrs. Butler and Co.,Cheapside • Fisher and Toiler,
Conduit-street ; Mr. Johnston, medicine warehouse, GS, Cernhill •
and by all Chemists. Perfumers, and others For Edinburgh, J. and
R. Raimes, Leith-walk ; for Manchester, eresehe aid Son, Adver
User-office.

THE MAILS.—SOUTHAMPTON. OCT. 18.—The
Royal West India Company's steam-packet the Thames,
Captain Abbott, left the river at three o'clock, p.m.,
this day, with the usual mails for the West Indies, under
charge of Lieutenant Ray, R.N. The Thames takes out
120 passengers and a full, valuable cargo. The Oriental
Company's steam-ship the Jupiter, Captain Meehan, also
left the docks this day for Gibraltar, taking out the Pe-
ninsular and Mediterranean mails, protected by Lieut.
Inglis, R.N. ; also 30 passengers and 120 tons of bale
goods. The Pacha, Captain Olive, is hourly expected
from Italy. The Washington is expected here from
Bremen this day. The Royal West Indian mail-packet
the Clyde, Captain Symons, is anticipated to arrive to-
morrow, although not due at the Post-office till the 22d.
Too EARLY FOR DlNNER.—Yesterday week, a
little while after four o'clock in the evening, Lord Sandon
surprised the Mayor by a visit to the Town-hall. His
Worship, in surprise. inquired the cause ? "To (line
with you, to be sure," was his Lordship's reply. " Why,
'tis next Friday," said his Worship ; upon which Lord
Sandon called a car, and returned home by the half-past
four o'clock train.—Liver pool Journal.
PRICES OF CoxsoLs.—ln the year 1737 Three per
Cent. Consols obtained the price of 107 per cent., which
was the highest ever known ; and on the 20th of Sep-
tember, 1797, when the failure of the attempt to nego-
tiate with the French Republic became known, they fell
to 47k, the lowest point they ever reached.

MONEY-MARKET and CITY NEWS.
CITY, MONDAY EVENING.
TIMES. —The money-market to-day has been
thrown into a singular state of uncertainty and ex-
citement from accounts received of the suspension of
the Royal Bank of Liverpool. The paid-up capital
of the bank is 600,0001, being a much larger amount
than that of a-.iy similar establishment in the town,
and hence, when its stoppage became positively
known, the strongest anxiety was felt for some
authorised details of its actual position. In London,
however, no parties were in possession of particulars,
the agents of the bank, Messrs. Robarts, Curtis, and
Co. (who, we are happy to say, are entirely free from
advances or commitments of any kind in connexion
with it) having been permitted to remain in entire
ignorance of the event. It is generally understood,
however, that the bank, about ten days back, applied
to the Bank of England for an advance upon bills,
and that, although this assistance was declined in
money, it was granted to them in stock, which was
at once thrown upon the market, and tended to in-
crease the heaviness which about that period began to
manifest itself. Previously to that time, and since,
large sales of the shares of the bank, which at the
commencement of the year 'were at
3651. premium,
the price being 865/. with 5001 paid, were forced at
Liverpool, and discredit having thus become attached
to it, rumours were
in constant cireulation.
After the assistance it was understood to have
obtained, however, the public were scarcely
prepared to hear of its immediate stoppage. An in-
fluential London shareholder, alarmed, it is said, at
the reports which were prevalent, started for Liver-
pool on Saturday with a view to an investigation of
its affairs, and this was followed by an immediate
suspension of payment, and by the dispatch of a de-
putation of three directors to the Bank of England,
with an appeal for further aid, the ams.ant required
being stated at about 500,0001. This application,
however, has been declined. That the results of the
suspension will prove very unfavourable for the
shareholders is now generally believed, since, as an
illustration of the management of the bank, it is
affirmed by some parties, that in one case an advance
has been permitted, to a single firm, of not less than
500,0001., of which only 50,0001. is covered by
security. This, however,'as well as the other reports we
have mentioned, must be taken without reliance upon
their correctness. In some quarters, even after its po-
sitive announcement, the failure was still doubted; but
this arose from Messrs. Robarts and Co. having re-
ceived a remittance in ;the morning, which they had
paid according to instructions, and from their not
having subsequently had any information of what was
going forward. It may be mentioned that the num-
ber of shareholders in the bank is 250, and that it was
established in the year 1836.
The English Funds opened this morning at an ad-
vance of a quarter per cent. on the closing prices of
yesterday, the first quotation of Consols, for money,
being 81 to The difficulties of the Royal Bank,
however, speedily transpired, and a fall then com-
menced, which left the price at the close of business
as low as 791; a point whence they further declined,
after the regular hours, until they reached 791 or
791. For the account they began at 81f to
advanced to 81+, and receded to 801 13-, bargains
being afterwards done at 801, and finally we believe
at 80. Bank Stock left off 180 to 182 ; Reduced
Three per Cents., 78i ; Three-and-a-Quarter per
Cents., 79i to 80 ; Indian Stock, 220 to 224 ; India
Bonds, 40s. to 30s. dis, and Long Annuities, 8. Ex-
chequer-bills in the morning were quoted 15s. dis.,
and closed sellers at 30s.

In the Stock Exchange to-day the rate for money
was from 7to 10 per cent. Both at the Bank of
England and out of doors the demand was less
urgent.

Letters from Liverpool, received this morning,
mention the stoppage of Mr. William Pearse, an
agent, who had drawn largely upon Barclay, Brothers,
and Co., for shipments to India, and also of Messrs.
Molyneux and Hulbert, tea brokers. In the share
market several defaulters are reported.
A meeting was held this afternoon of the creditors
of Messrs. Cockerell,',Larpent and Co., at which the
chair was taken by. Mr. Samuel Gregson, M.P., and
the following statement, which had been prepared by
Mr. Oliverson, the solicitor, in conjunction with Mr.
Hall, was submitted for consideration :

That the debts of the houce
in open accounts amount

That the house is under ac-
ceptances for ...
Part of these acceptances are
secured by bills of lading
from India to the amount
of ... ••• •••
Further part of these bills
will be retired by the third
parties to the amount of

... 606,585

That the assets of the house
consisted of cash, goods,
debts, and other:property,
and stand in the follow-
ing order :
Balance at the banker's
Bills of exchange and goods
Various balances due to the
house in the course of re-
alisation •• •••
Amount in the hands of
Cockerell and Co., of Cal-
cutta, due to the present
house of Cockerell, Lar-
pent, and Co., of London,
and which is in the course
of remittance
Amount due by Messrs.
Cockerell and Co., of
Calcutta, to Cockerell
and Co., of London
Mauritius estates (cost up-
ward of 200,0000 say
present value
Less mortgage

57,677

154,7G1

84,276
------. 141,953
----- 464,632

2,317
15,600

40,000

339,118

435,500

••• 100,000
•• • 50,000
---- 50,000

Various miscellaneous pro.
perty ... ... ...
Amount of various claims
secured . ••• •• 335,380
Amount of property given
in security

10,000

619,393

.. 352. .•.
Surplus ------,099
- 16,719

The London house holds a,909,254
security for 129,500/.,part
of the 435,5001., but
100,0001., part of this
129,0001., has been trans-
ferred by the London
house in security ; it is,
therefore, deducted front
the assets
••• •.. 100,000

... __ .
----- 809,254
The above statement, it will be seen, shows a
nominal surplus of 190,008/. and, from what trans-
pired during the discussion whichtook place, the
prospects of the creditors, suppo • g no very serious
difficulties to arise in
InCaalyc,utofna supposing
upon the
disasters on this side,
dered favourable. In the formidablete *t whole,
of
be
consi-
dered
appears to be due from the item 435,5001.
Calcuttaem house, we
have a sufficient explanation of the cause of the
stop-
page, and also the indication as to the principal co-
tingency upon which the character of the liquidation
will depend. It appears that securities are held against
a portion of the amount in the shape of indigo facto-
ries and other property, which have hitherto been
estimated at 200,0001., although, of course, it must be
expected that they will not produce that sum when
a realisation shall be attempted.
The item of
339,0001., "which is in course of remittance," arises,
it was stated by the chairman, from ..c,_ , .i 8 oas shpped by
the London house during the past and present year,
all of which are, in the regular course
of business, to
be remitted for during the present season.
It was further stated to the meeting that Mr. Mar-
tin, who was formerly a partner in the Calcutta house,
and who is intimately acquainted with the various
properties, had gone carefully through the last
balance-sheet of that house (made up to the end of
April, 1846, along with other parties conversant with
the commerce of India, and that " their very confi-
dent opinion is, that it will be found fully competent
to meet all its liabilities, and that nothing but a most
unwarrantable sacrifice of property by panic and
forced sales can defeat its capacity to do so.' Under
these circumstances it was finally arranged by the
meeting that the estate shall be wound up under in-
spection, and that Mr. Martin, who is still interested
in the concern, shall proceed to Calcutta, accompanied,
if it be deemed fit, by some other competent person,
wholly unconnected with either house, in order to
protect the interests of the creditors generally. Mr.
Samuel Gregson, Mr. Edward Mills, . Mr. John
Horsley Palmer, and Mr. 3. D. Campbell were then
appointed inspectors. 5,0001. was agreed to be set
apart for the liquidation of small claims not exceeding
100/., and an understanding. was come to that divi-
dends will be made from to time whenever there may
be sufficient funds in hand to distribute 10 per cent.
Mr. Cockerell, Sir George Larpent, and other part-
ners were present, and it was evident from the tone
of the meeting that they retain the entire confidence
of all the creditors.
CHRONICLE.—The memorial of the Liverpool

merchants to Lord John Russell has excited consider-
able interest in the City to-day, which has not been
diminished by the events which have taken.place. It
is remarked that it differs very little in effect from
the petition of the London bankers before the Bank
Act became law, urging that the power of increasing
the issues on an immergency should not be withdrawn
from the bill ; and as this petition was supported by
all the clearing bankers with the exception of Mr.
Jones Loyd, whose house withdrew their signature in
consequence of his- remonstrance, it will not be out of
place to bring it again prominently under notice. It
was as follows :

" We, the undersigned bankers of London, are in-
duced by the importance.of the measure, and our in-
terest in its success, to address you upon the subject
of the Bank Charter Bill, now before Parliament.
" We were led to believe, when the measure was
first brought forward—and we feel confident it was
generally understood throughout the.
.country—that
although it was the intention of her Majesty's Govern-
ment that the paper circulation of the Bank of Eng-
land, in their issue department, should be lithited to
an amount not exceeding 14,000,0001. upon securities,
yet that, in the event of any particular crisis arising,
a power was to be reserved by the Bill enabling the
Bank of England, with the consent of the First Lord
of the Treasury, the Chancellor of the Exchequer,
and the Master of the Mint, to extend their issue,
upon securities, beyond that amount.
" It was with considerable surprise that we find
that the Bill now before the House of Commons does
not contain any provision for an extension of the issue
beyond 14,000,000/. upon securities, excepting under
the special circumstances named in the fifth clause of
the Bill now before Parliament.

f `t‘hWe
ies
sauree at
op pl. e4h,
oeonos
ov e 0
otlh. t
wt
ihteh
oaubts o laantye
pourer limitationoof
expansion being reserved, whether that amount be in
itself a proper amount or not, will create a general
feeling of uneasiness throughout the country, and, by
preventing the satisfactory reception of the measure,
will deprive the scheme of many of the advantages
it possesses, and interfere with its success.
" We respectfully submit that the effect of such an
absolute limitation will be to restrict the business of
the country, by leading to a general withdrawal of
legitimate accommodation, unless some power be re-
served by the Bill for extending the issue, with the
sanction of the authorities above alluded to, in cases
of emergency, to be made apparent to such autho-
rities.
(Signed) " Robarts, Curtis, and Co.; Hanbury,
Taylor, and Lloyd ; Bosanquet, Franks, and Co. ;
Brown, Janson, and Co.;Barclay, Bevan, Tritton,
and Co. ; Hankey and Co. ; Smith, Payne, and
Smiths; Wills, Percival, and Co.; Masterman, Peters,
and Co.; Rogers, Olding, and Co. ; Spooner, Att-
wood, and Co ; Currie and Co. ; Glyn, Hallifax,
Mills, and Co.; Williams and Co.; Fullers and Co.;
Barnard, Dimsdale, Barnard and Co.; Barnet,
Hoares, and Co.; Lubbock, Forster, and Co.; Ste-
venson, Salt, and Sons ; Price, Marryat, and Co.;
Sapte, Banbury, and Co.; Weston and Co. ;
Twining and Co.; Dixon and Co.; Coutts and Co.;
Herries and Co.;• Ransom and Co. ; Strachan and
Co. ; Scott and Co. ; Cockburn and Co."