The Sun.
London, England, 1840-10-17 00:00:00

THURSDAY.

Mr. Dixon's Camelino, 4 yrs, Bst 71b, against Mr.
Byng's Garry Owen, 3 yrs, 7st 91b, T. Y. C., 100, h ft.
Duke of Rutland's Minx ( Virago f), Bst 41b, against Mr,
Greville's Myrtle, Bst alb, First halt of Ab. M., 100, h ft.

LATEST BETTING AT NEWMARKET.
CAMBRIDGESHIRE STAKES.
to 1 agst Ruler
7 to 1 agst Clarion
7 to 1 agst Day of Algiers
9 to 1 agst Janus
12 to 1 agst Bob Peel—taken
12 to 1 agst Flesione—taken
20 to I agat Monops—taken
20 to 1 agst Nubian—taken.
DERBY.
8 to 1 agat Cameleon—taken
2.5 to 1 agst Sir Hans—taken.
Offers to take 40 to 1 about Wahl).

KELSO RACES.-WEDNESDAY.

The Caledonian Cup of 105 sovs., for Scotch-bred horses.

Three miles.
Mr. 111eiklam's Moilesty, 6 yrs, Bst 101 b (Templeman) 1
Mr. J. 0. Fairlie's Abraham Newland, 6 yrs, Bst 12Ib 2
Mr. Crawford's Birthday, aged, Bst 10lb
Sir J. Boswell's Constantine, 5 yrs, Bst 71b ...... 4
Won easy.

The Roxburgh Gold Cup of 200 guineas, the surplus in
specie, being 100 guineas given by the Duke of Buc-
cleueh, and increased by a Sweepstakes of 15 sovs. each;
the second to save his stake. Mile and a half.

Mr. Ramsay's Lanercost, 5 yrs, 9st 101 b (Noble) 1
Mr. Orde's Beaswiug, aged, 9st 111 b
Mr. Ramsay's The Doctor, 6 yrs
Mr. Robertson's The Rejected, 4 yrs 4
5 to 4 on Becswing. Won by a length.
50/. given by the Hunt, added to a Sweepstakes of 10
sous. each. Two miles. (6 Subs.);

Mr. Orde's Bceswing, aged, Bst 111 b (Cartwright) 0 1
Mr. Rarnsay's Lanercost, 5 yrs, Bst 12Ib
Mr. W. D. Atkinson's Neptune, 3 yrs, 7st 41b 3
2tol on Lanercoat. After the dead heat Beeswing
waliced over.

Yesterday, the Joint Committee for managing the
estates of Sir Thomas Gresham; met at Mercer's-hall,
for the purpose of receiving sealed tenders for the con-
crete excavation and foundation of the new Royal Ex-
change. Mr. Richard Lambert in the chair.
Twelve of the most eminent builders in the metropo-
lis had been, immediately after the Lords of the Trea-
sury officially agreed to the plan of Mr. Tite, written
to on the subject, and they, yesterday, according to ap-
pointment, sent in their respective tenders.

The tenders varied from about 8,0001. to 11,000/.,
and the tender of Messrs. Webb, of Clerkenweli, ex-
tensive brick-makers and builders, being the lowest, was
unanimously accepted.
The following are the material conditions of the spe-
cification cf the works to be done in Lxcavatne., for the
foundations and basement story of the N,.ra Royal
Exchange, in forming the concrete substratinn, and in
building the foundations, basement wail, and other
works, under the direction and to the satisfaction of the
architect to the Joint Committee.

SITE.—The drawings at present exhibited show the
site and plan of the foundations of the proposed build-
ing ; but the committee and the architect arc to be
at liberty to vary the plan, or to change the site, in
any manner that may appear to them desirable without
rendering void, or in any way invalidating this contract.
Should such changes, however, invoke any increase or
diminution in the quantity or value of the work, then
such increase or diminution shall be fairly ascertained
in proportion to the whole cost of the excavation or
concrete, and the amount sn ascertained dedueted from
or added to the amount of the contract, as tile case may
require, mutatis nzutandis.

No DEVIATION.—No deviations, however, are to
be made from the drawing exhibited, and the direc-
tions therein contained, without a written authority from
the architect or committee : Sand in C3SC any part of
the work shall be altered without that authority, the
same shall be immediately taken down, and re-erected
at the expense of the contractor.
NATURE OF WORKS.—The works are to be executed
in all respects with the best materials and workmanship
in the most effective and substantial manner, and to the
satisfaction of the committee and architect, or such
superintendent, or clerk of the works, as may by him be
duly appointed.
CLERK OF THE WORKS.—The clerk of the works id
the absence of the architect, is to have full power to
judge of the quality of the materials and of the manner
of executing the several kinds of works ; in all which
particulars the contractor will be required to follow his
directions.

WORKS TO BE RESTORED IF INJURED.—The con-
tractor is to provide for effectually shoring or securing
the several wails, pins, and works, as occasion may re-
quire, and as the architect may direct ; and if any
damage should happen to any of the works, either from
the weather, from the want of sufficient protection, from
the insufficiency of the work, from accident, or from
any cause whatsoever, during the progress of the works,
the same shall be made good by the contractor.
MATERIALS AND WORKMANSHIP IF DISAPPROVED
OF, HOW TO BE DEALT WITH.—AII the materials used
are to be the best of their respective kinds, and strictly
in accordance with the directions hereinafter contained ;
the workmanship is to be executed in the most sound,
satisfactory, and workmanlike manner ; and the
architect shall have the power to order the re-
' moval of any materials brought to the ground, which
appear to him to be of an inferior quality, or to order
the pulling down and reinstatement or reconstruction of
any work that may in his judgment be performed in an
unsatisfactory manner ; and the contractor shall remove
such imperfect materials, and reinstate such defective or
improper workmanship within twenty-four hours after a
written notice given to him or his foreman, or left at ilia
usual place of abode, and signed by the architect for
that purpose ; and should the contractor refuse or delay
to comply with the requirements of such notice, then the
architect shall have power, and be at liberty, to suspend
the fu►ther execution of the works, to take them out of
the contractor's hands, and alter, or pull down, and re-
instate any work, or cause the removal of defective ma-
terials by any other workmen that be may employ, the
contractor or his sureties paying every expense that may
be incurred thereby, the amount of which shall be set-
tled by the architect (whose decision shall in this case
be final), and deducted from the amount of any balance
due to the contractor.

DELAY.—In case the contractor should refuse or de—
lay to proceed with the works undertaken by him, the
architect shall be at liberty and fully authorised to carrr
on and complete the works at the expense of the co-.i_
tractor or his sureties

POSSESSION.—The Committee will give immediate
possession of all the land, except the part occupied by
the houses at the east end ; possession of that part wilt
be given on the -- day of --.

COMPLETION.—The whole of the works concerned in.
the excavation of concrete are to be completed within:
three months from the date of possession, and all the
brickwork executed at the rate of 30 rods per week,
under a penalty of 200/. per week for a failure in thft
completion of either of these conditions.

PAYMENTS.—The extent of the work done will be
ascertained or measured up every month, and 90 per
cent, in value of the work done, completed and finished,
shall be paid to the contractor upon the certificate of
the architect. The balance of 10 per cent. upon the
whole amount shall be paid within three mon►hs from,
the completion, unless in case of dispute ; and this
balance is further to be held and considered liable foci
penalties, and for all breaches of the contract au&
bargain.

SURETIES.—The contractor will be requires?, if
called upon, to find two sureties, to be approved of by
the Committee, to be bound jointly and severally with
himself for the due preference of the contract% in a sure
not exceeding 3,0001.
PRICES.—The prices of the tender are to be strictly
applied as described in the schedule, with respect to the
peculiar modes of measurement, or the manner of doter-
mining the value of the several works ; but, in all cases
not so specifically referred to, the ordinary and customary
modes of measurement are to be adopted ; and should.
there be any price of materials or workmanship required
in making out the bills of work done, which price is not
specifically mentioned in the schedule, then such price
is to be determined by a fair and reasonable analogy
with any work of a like nature or kind ; or a priers
calculated in the same ratio or profit upon the prime
cost of the labour or materials, or both, as the case may
be, is to be charged and allowed ; and in the event of
any dispute arising between the architect and the. con 4
tractor, as to the nature of the measurement, or the
application and construction of the prices in the sche
dale, or upon the price of aoy works or materials not
mentioned there, such difference or dispute shall be,
determined by arbitration, upon the completion of that
works.

AREA Ott COURT.--The Committee have not. Tet
determined whether the area of the Merchants' Court
is to be excavated, concreted, or vaulted, or otherwise.
The contractor will, therefore, give a sum r the
tender, as pointed out therein, for this work z and the
Committee are to be at perfect liberty to aoalidon this
part of the tender, or to execute it, as may seem to
them expedient.

Exca-vATioN.—The contractor is 'o find and provisle
all proper workmen, tools, scaffold planks, barrows, and
implements for pulling down the old vaults and arches,
for getting up the oid foundations, and for excavating
the earth, gravel, and other materials. All blacks or
other materials found are to be carted away and entirely
removed, except, firstly, all paving, cloth, or pitching-
stones ; secondly, so much of the hest stratum of the
lower gravel as may be required for fillingin the walls
round the outside, and also for filling into the main
walls of the area of the Merchants' Court, in. like man-
ner, should that area not be excavated ; and thirdly,
always excepting out of such materials or things as are
to become the property of the contractor, any plate,
coins, antiquities, or curiosities, whether in metal or
otherwise, or any carved stones or era/wings on marble,
pottery, terracotta, or tessera; which may be found in
things are nagredti sot i tbeel 1 Y
taken under-
stoodupt he course
tbaof
that such
s uch excavationmatters o ;
h or
with all requisite care, and are to remain the property
of the G
l,heorehthsearm Ceonodtnitimonitstee.
refer to the workmen, the
tools, the brickwork, &c., &c.
The works will commence Use moment the necessary
papers are signed, and there .will be no postponement or
delay of any kind. Tend as will be i;bortly received
for the superstructure. it is remarkable that the con-
tract entered into with, Messrs. Webb is 2,000/. below
the estimate made by Mr. Tite, the architect. If, as
the building proc,eecis, the Committee find that the
superstruettr:e canfbe completed upon a proportionate
contract, 'lO5 will considerably add to the ex.terna I
beauty b,..11d, elegance of the New Royal Exchabge.