The Sun.
London, England, 1840-08-06 00:00:00

THE COURT OF CHANCERY.

We beg to call the particular attention of the public
to the discussion which took place last night on the sub-
ject of the Court of Chancery. In the admirable speech
of Mr. Pemberton, the monstrous abuses in the Six
Clerks'-office and Masters'-offices, which we have taken
occasion for the last two years so often to denounce,
are exposed with all the ability of that distinguished ad-
vocate. To Mr. Aglionby, indeed, the credit is due of
having by his persevering exertions exposed to view the
extent to which the suitors have long been plundered
in the Six Clerks'-office. Mr. Pemberton in a most
masterly manner made use of the materials Mr.
Aglionby had furnished.

The Bill giving the power to the Lord Chancellor
and the Equity Judges to remodel the whole proceed-
ings and practices of the Court of Chancery, which was
sent from the Lords to the Commons, went through a
Committee, the report was brought up, and the Bill
was ordered to be read a third time to-night. As this
Bill came from the House of Lords it was a Bill of
much promise ; but we had our misgivings as to whether
any substantial good could be effected under it, as it gave
no power to award compensation to those officers whose
fees might have been affected by any substantial altera-
tion in the pleadings and practices of the Court ; nor
was this defect remol though some important im-
provements tvere introduced on the formal commit-
ment of the Bill on the second reading, the night before
last. Mr. Aglionby and Mr. James Stewart, whom we
were glad to observe at their posts, by the amendments
they introduced have supplied this and other deficiences,
and, unless the Bill should be mutilated in the House of
Lords, which we sincerely trust it may not, the
Lord Chancellor and the Equity Judges will have the
power of removing every abuse which now exists in the
Court of Chancery, and of so far diminishing": the
expenses of Chancery suits, so that that Court may be
open to the bulk of the community, and that all may
there seek and obtain justice. Armed with the power
of awarding, or, at least, recommending fair and rea-
sonable compensations, subject to the approval of both
Houses, the Judges may reduce every ustless and ex-
travagant fee. Perhaps a more important measure than
that which was the subject of discussion last night as
regards the administration of justice, has not at any
time passed the House of Commons. Henceforth the
responsibility as to any existing abuses in the proceed-
ings and practices of the Court. will remain with the
Judges. The high characters which the present Judges
sustain lead us to hope and believe that we shall have
no ground for complaining of any neglect on their parts
in performing the duties assigned to them.
The debate was also most important, in having
secured the passing, at an early period of the next Ses-
sion, whoever may the Ministers of the day, of a Bill
for increasing the number of Judges to such an extent
as the exigencies of the suitors may require ; and also
for having drawn from Lord John Russell a declaration
of his opinion as to the unsatisfactory state of the ap-
pellate tribunals of the country ; and above all, of what
amounts almost to an expression of opinion, that the
political and judicial functions of the Lord Chancellor
ought not to be centred in one person. To these sub-
jects we shall point the attention of the public in the
next Session of Parliament, if the Government should
not initiate some legislative measure for remodelling our
present highly defective and objectionable Courts of
Appeal.

MONEY and COMMERCIAL NEWS.

CITY, TWELVE O'CLOCK.

LIVERPOOL COTTON MARKET, WEDNESDAY.—The de-
mend for Cotton to-day has been to a fair extent. The
sales 6,000 bags, at full prices. Speculators have taken
1,500 bags.
LivEripoot, SHARE LIST, AUG. s.—Eastern Counties
14i 5 6ths ; Great Western half shares 58-1- ; London
and Birmingham 181 ; South Western 58; Manchester
and Birmingham half shares 40i ; Midland Counties 84 ;
Liverpool Banking 8i ; Paris and 11Juen 8 9 prem.
The continued fine weather has given increased buoyancy
to our Market, and prices steadily advance.

The following are extracts from the Ea3t hulls Papers
(From the Bombay Price Current, June lb.)
Cousrny PRODUCE.—Cotton—There has been on the
whole but little business done during toe week, it having
been occupied chiefly in warehousing the Cottar.
EUROPEAN GOODS.—Beer Allsopps—A sale has taken
place at 40 rs. per hhd.
Piece Goods—A good deal jaa been done in white
long cloths and also in white jacte.
Exchange—We have no alteration to notice, no trans-
actions having been reported during the week.

}lurkaru Office, Calcutta, June 6.

Since our last we can report no active improvement in
the state of our Money Market. The languid dullness
which it began to assume on the departure of the Mail of
the Bth of May continues, and, in our opinion, has been
further depressed from the discouraging intelligence of the
affairs at home received by the April Mail. The large
remittance of 30 lac of rupees, added to already abundant
floating and unemployed capital, will heighten the difficulty
of good investment, and lower the already low rate of in.
tercet.

Exchange rates did not remain long at the quotations
of our last, they fell about a week or twelve days previous
to the arrival of the Mail a farthing, and on its arrival an-
other farthing.

Treasury Bills are quoted at Is. 10d. to Is. 101 d.;
Bank Bills Is. 101 d. to Is. 100. ; Private Bills ten
months' date, 2s. 00. ,
Bank Shares—Bank of Bengal Shares have been ad-
vancing in value since the publication of the Bank's opera-
tions for the past four months, which showed an improve-
ment.

State of the Markets—lndigo—During the past Reek
advices from the districts of Lower Bengal have been re.
ceive d, complaining of an excess of rain and consequent loss
o f plant; as the weather now appears to have set in fair it
is to be hoped that the damage done is not very great.
Saltpetre has been in fair demand throughout the week.
Sugar—l3enares Sugar is now arriving daily, and sales
have been e ffected at a higher figure, Rs. 11 4 per maund.
Opium—A few lots have exchanged hands during the
week.

We have received the Journal of Antwerp of the sth inst.
BOURSE OF AMSTERDAM, AUG. 3.—Things have re-
mained stationary this day, and the business done was of
little importance. The Oidonnances had no impression on
the Market. It is still the opinion that everything will be
settled by diplomacy. Ardoin's Spanish was animated.

TILE FUNDS.
In general it was expected by many well informed per.
sons that the British Funds were on the improvement, but
panic which prevailed •
to the great surprise of the public this morning► a kind of
lepanic took place in the Consol rt.farket soon after the o n.,
dhealso an effect on the •in
ing. The first price was 90a i,.soon after fall to 89 .at
present, 90 to i ; Exchequer Bills, 22 24 prem. ; ink
Stock 173 174 ; India Bonds, 4 to 1 discount.
trihteishFomrcaigrknetMahraksethat
foreign
funds. Spanish Active, which Left off 25i i
thelnß
242- 25 ; Portuguese, 31i 32 ; Three. , was done at
22 ; Spanish Deferred, 12/ ; Passive per
6 Cents., 21i
25i 26; Mexican, 29} ; Brazilian 7g i ; Colombian,
and-a. Half per Cents, 511 52i :F. 79 ; Dutch Two.
102. we per Ceuta, 101

HALF-PAST ONE.
Consols, 27th inst., 9on- 901 90 ; Morey 1)0k;
Exchequer Bilts, 24 22 prem. ; India Bonds, 1 dis.l
Bank Stock, 173 ; Spanish Active, 24i 25; Portuguese
32 ; Fire per Cents. 22 ; Colombian, 25f i_Mexican 295;
Dutch Two-and-a- Half per Cents., 52 ; Five per Cents.
101.

-

Mho