The Sun.
London, England, 1847-05-03 00:00:00

TER SUN, LONDON, IvIONDAYMORNING, MAY 3, 184?.

defect alleged against the Surveyor's ships by Sir C.
NArIER, and it certainly is one from which every
effort should be made to free our present and future
men-of-wart The question of stowage, though of
considerable importance, is not now-a-days so much so
as it v as formerly, seeing that, by the introduction of
steam, the supplies to cur squadrons can be furnished
with a speed and accuracy unknown to our ances-
tors. Vessels built of iron are excellent for packet
service. Their bottoms, liable to become
fouled, are easily cleared in tidal harbours,
but with iron war-steamers the case is different;
they are constantly requiring to be docked. Again,
in action, iron steamers are easily destroyed, which,
both in point of safety, expense, and e'pecially fur
the great end of all, victory, renders the substitution
of iron for world far less efficient for warlike pur-
poses, and exceedingly dangerous. We cannot con-
clude these remarks without suggesting whether,
considering the extent of the duties incidental to the
office of the Surveyor to the Navy, the prejudices
which every man is liable to entertain in favour of
his own system, and the jealousies, heartburnings,
and misgivings to which their almost inevitable
indulgence naturally gives rise, the Surveyor should
not be prohibited from submitting any drawings of
his own for the building of ships and vessels. With
this restriction he would be enabled to take a more
impartial view of the merits of the different plans
of competing architects, and being thus, to a certain
extent, practically divested of prejudice, he might be
found a more valuable assistant to the Lords of the
Admiralty, on whose fiat alone the construction of
ships should continue, as now, to be ultimately de-
pendent.

Madrid journals of the 24th ult. have arrived.
As an outward and visible sign of their reconcilia
tion, the KING and the QUEEN visited together on
that day the church of Atocha.
The Eco del Conzercio says that Senor MAR-
TINEZ DE LA Rosa. has sent in his resignation as
Director-General of the Presidio.

MADRID BOLSA, APRIL 24.—The Three per Cents.
were done at 31e for cash ; the Five per Cents. at
19} ; the Debt without Interest at 5i ; and the
Coupons at 16.

to the account of, the bullion capital, till it equals the
money laid out, using for the extinction of the debts of
the empire only the residue.
" 4. If, for the conversion of the billets de credit, a
necessity should be foreseen for the increase of the
quantity of coin, then the purchased securities are to be
immediately converted into cash by sales of the pur.
chased funds on the exchanges of Europe.
" 5. But if, at the sale of any part of these securities
or the red,mption of them by drawing out, a smaller
sum should be realised than that at which they were
estimated, then the deficiency is to be made good from
the accruing dividends, and, if these be insufficient, out
of the Imperial Treasury.
" Signed, for the President of the Council,
" COUNT SC WASCHOFF.
" The original signed by his Imperial Majesty.
" St. Petersburgh, March 31, 1847."

. _
RUSSIAN FINANCE. : MONEY and COMMERCIAL NE WS.
The substance of the following important ukase of his (From The Sun of Saturday Night.)
Imperial Majesty the Autocrat or All the Res,ias .p. The Cotton market at Liverpool yesterday eas steady,
petered in our paper of Saturday:— at the previous decline. The business done was inac-
"By command of his Imperial Majtst:,- , the Directing five. Rail...), Shares were fierier, wit's a moderate be-
Senate heard the report of the Meister of Finarce of sinew doing.
the lest of April, under No. 2,035, in which he presents ! The stock of cotton at Liverpool is 539,820 bake,
fer due publication a minute confirmed by his Imperial against. 801,300 hales at this time last year.
l`dujesty of the 31st of March last, containing the opinion , The debate in the House of Commons last evening
of the Csincil of the Empire to the following effect : , upon the present condition of the money market, raised
The Council of the Empire in the department of eco- ' upon the proposed vote for Irish railway extension,
nomy and in general assetnely, having examined the his been read with very deep attention in all City
statement of the Mini-der of Finance relative to the circles this morning. Those who have most cavilled
laying aside, out of the bullion capital of the department ,at the measures adopted by the Court of
of credit billets, of a sum of 30,000,000 of silver tulles D;recters of the Bank of England, now are
fir the purchase of public securities, and achnewledeing mere quieseeet in their complaining. Netwi,b. I
fer its own part the utiiitY of this step, because a ep- st'inding seine show of complaint was made by
pears a convenient and promising meat's of extraceing the Chancellor of the Exchequer at the conduct of the
out of the immense bullion-fund (more thew 14.000,000 Directors of the Bank of England, the monetary and
of silver ruble's, or nearly 20,000,000/. sterling), hitherto
mercantile
dormant, important advantages for the empire, foresees interests do not blame them for deley, in
put ting on the screw until imperative necessity called
no obstacle to the adoption of it, on this sole condition— for it. Had it ben done earlier, the prospects of any large
that the said advantages mast be applied exclusively to supplies of tour or grain from the United States would
the extinction of the various debts of the empire. have been much damaged. As to the probable effect upen
" From this point of view the measure offers thO fol- our Money Market, by the very generally receise ei
lowing results:— • opinion that a fractional part of the masses of gold and
"1. That the bullion capital, in its fixed amount, is silver in Russia is to be had out in our funds, a definite
in no respect diminished, but only a portion of the coin opinion for future reference can scarcely be formed; but
in it replaced by securities equally solid and valuable, there must be some relief afforded.
and which moreover bring in a constant income, and The Bank is certainly better able to accommodate its
enjoy universal credit through Europe. eustoniers, because last week its total liabilities were
e 2. The quantity of coin of our bullion capital, after reduced by 1,295,1851. The bullion was not much re-
setting aside the part appropriated to the purchase of (lured, an:l the circulation was lessened, an object which
securities, is still so enormous, that, judging by our ex- the directors have for some time been striving to accom-
perience, :and that of foreign banks, it cannot but be plish. The worst feature is the great reduction in the
deemed sufficient for the uninterrupted conversion of the other securities, showing the diminished accommodation
billets de credit; but even should a necessity arise for the ixi the trading community, but which we hope may soon
increase of the quantity of coin in the bullion market, be reversed.
then the aforesaid securities offer thereto every cone Notes issued £22,549,140
venience, by the ready sale of the same for cash. Decrease
" 3. The use of the advantages which may accrue Public deposits decrease
from such an operation, being exclusively applicable to Other deposits decrease 879,290
the extinction of the debts of the empire, promises to Other securities decrease .. 1,031,374
the Government new means for the satisfaction of its Government securities decrease ... 560,500
cesgagements, and consequently a corresitonding elle- Notes increase 160,680
viation of the national burden/ Consitring these ~,, Active cielculetion (nut including
things, the Council of the Empire has given its opinion seven-day bills)
as follows: Decrease
" From the separate capital fixed by the 7th and The Funds have been unsettled to-day Consols opened
17th paragraphs of the Imperial manifesto of the Ist at 87 for Money, and have since been down to 87i.
of June, 1843, for the conversion of the billets de credit Time bargains have been made at 88 to 874. Exclie-
into cash, a sum should be set apart to the extent quer-bills have realised 2a. to 7s. discount. The New
of 30,000,000 of silver rubles for the gradual purchase Three-and-a-Quarter per Cents. have been 884 is Bank
of public securities, Russian and foreign, here and Stock is firm at 190.
abroad. There is scarcely any business doing in the Foreign
"2. These securities, as they are bought, are to be Market. Spanish Three per Cents. are 35, and Portu-
reckoned as belonging to the said capitol at the value guese Four per Cents. 34. Mexican Stock has been
paid for them, and are to be preserved together with she at 20. Dutch Two-and-as Half per Cents. have been
ready money. 254.
"3. The interest or rentes of these funds, accruing Shares are looking better again, and there is an ad
from these securities, and, in fine, all the profits of the vance in several lines.
Oita LSD FUNDS.
operation, should be devoted to the extinction of the
foreign and interminable debts of the empire ; but, in
the event of the purchased securities falling 2 or 3 per
cent. below the price at which they were purchased, a
portion of the said dividends or rentes is to be reckoned

ONE CLOSING
O'CLOCK. PRIDES.
Bank Stock .• • • .. 190 190
Three per Cent. Reduced Annuities 86% 86%
Three per Cent. Consols Annuities .. 87% % b 7
New Three-and-a-Quarter per Cent. Anus. 88% i 88%
Gong Annuities, Expire Jan. 8, Ib6o
Ditto. 30 years, Oct. 10, 1859 .. 8 13-16 8 13-16
South Sea Stock ..
Ditto. Old Annuities
Consols for May 27
Exchequer Bills.
1.0001. '
Ditto, Small .• • •

85 87%
IV-. • • 2d.
2 7 dis
6 1 dis
ONE
FOREIGN FUNDS. " ' O'CLOCK.
Mexican Bonds, 1846, 8 per Cent 20
Portuguese Four per Cent
Ditto, for the Account
Spanish Bonds, 5 per Cent
• Ditto, Passive Bonds
Ditto. Three per Cent ..
Ditto, fer the Account .. .. 35
Dividends on the above payable in London.
Dutch Two-and-a-Halt per Cent .. 5834
Ditto. 4 per Cent. Certincates .. 8854 89
• BUSINESS
PAID. DONE AT CLOSING
ONE O'CLOCK. PMCES.
Aberdeen.. • • • • .. .. 30 .... 26 ex int .• .. 26 x. int,
Amber., Notting., Boston, and
Eastern Junction . • • 2% .. • . 1 .. • • •• • • Y.
Birmingham and Oxford Junction 10 .... • • 17%
Birming., Wolver., and Dudley.. .... 10% • ... 10%
Caledonian • • .. .. 30 .... 24% 25 .• .... 25
Eastern Counties .. • . ,••• 20 .... 19% 15% ••• • .. 19%
Ditto, York Extension 6% .... 5%14 .. ••. • • .
East Lancashire .. .. 17 ••• • 17 •••• .• • • 11
Great Northern .. • • .. •• 3% 2% 214
Great Southern & West. (Ireland) 30 .... 25% •• • • • 25U
Great North of England . —lOO ....
Ditto, New .. • • .. . 25 •
Great Western .. 85 —11454 11334 11414 114%
Ditto. Fifths .. • • .. .. 20 .... 26 % ... . . 26 k
Ditto, ew .. • • .. 4% .. ••8.. • • ...... 8
Hull and Selby .. • • .. • • 50..103 .
Leeds and Bradford • • .. .. 40 83% .• •• 83%
Leeds and Thirsk . • .. 2214 21% .... ••• • .. 2111
I,oridon gird Blacltwnll ~ 16/. his. Ad. 754
Ditto, New, No. 2 . • .. 1/. 13e. 4d. —p..•• • • • • • % p
London, Brighton, S Coast .50 .• .. 51% ........ 51%
London an : North-Western .. 100 ....174 172 173% 1731,4
Ditto, Quarters • L. and B. 7 .... 2254 ••... • • . 22%
Ditto, Fifths . . • .. .. 2 .... • • 15%
London and South• Western • .411. 6s. 10d.• . 6354 62 y 4 6214
Ditto, New .. 2714 .... 2914
Ditto, Tenths (Consolidated) •• 50 ••.. 52 .. .. ••.. .. 52
Lynn xis Dereham 20 .... 215,', ••• • • • • 211
Manchester and Leeds .. 82 ..
Ditto, Thirds (Beg.).. 45..... 34 p•• .. p
Manchester, Buxton, it Matlock 425. .• . • par ..... par
Itanchestet and Southampton .. 2 .... • ....
Midland .• ..100 ....116 117 •
Ditto, New .. 36 •• .. 39% • • 3
814
914
Ditto, New ........6 .... 14 %• •
Ditto, Consol. Bristol aid Bir-
mingham 6 per cent. • • ..100 —124 ••..• • ..
Ne weitstle and Berwick 20 .... 26 25% •• • •
Ditto, New .. • • • .. . 5 .... 734 7% 6% 6%
Norfolk .. • . .. • • ..100 •• .. 125
North British .. •. 25 .... 31%
Ditto, Half Shares .. 1214 .• • • •• • • 14% mint
Ditto, Quarter Shares • • .. 2% •• .. 314 • • 3%
Ditto, Extension .. • . % ...... •• • • 154
Ditto, Thirds • • .. 1 .... 2% • • .....
'North .4taliordshire .• 5 •• .. 754 7 .... • • 7
North Western • . .. 4 • 216 • .... • . 214
Oxford,Worcest.,& Wolverhmptu. 9254 13% . •
Preston and Wyre • • .. 25 .• •. • ...... .. 35
Ditto, Half Shares (A) a% —•• .• 121(
Reading, Guildford, and Reigate 5 •• .. 454.. ........
Shrewsbury and Birmingham .. 3% .... .. •••• .• • •
Ditto. Class B .. • • .. .. 3 .• 2% • • ••. • • •
South Butern and Dovor 3354 .. 36 % % .... •• • •
Do.. New (do, 33/. 65.8 d.) No. 2. 12 .... 121( .. •• • .
Do.. New (do. 30/.) .. No. 3. 15 1511 %.• •
bo., New (do. 151.) .. No. 4. 5 .. 5% ••_ • •
youth Wales .. .. • . .. 10 .... 7% •• . •
South Yorkshire, Doncaster, and

dis
1 dis
CLOSIZi()
PRICES.

.. .. 53i

PRICES OF
RAILWAY SHARES.

Goole .. • • • • • •• • • ••••• • • . • •
Waterford and Kilkenny 13% „
West Riding Union • • • • .. 2s. • % p
Windsor. Staines, &S. Western.. 425. p
York and Newcastle .. 25 .... 34%h .... •• •
Ditto, New.. .. .. 10 1 t • •
Ditto, Preference .. .. 4 .... ty tq •• ..
York and North Midland .. 1.0 .... 2 •• • •
Ditto. Preference • • .. .. 2 .... ••••• • • • • •
FOREIGN RAILWAYS.
Boulogne and Amiens .. 20 .... .. •••• • • • •
Dutch Rhenish • • .• .. 7 .... 3 •• ..
Italian and Austrian .. 4 .... .. • •
Lyons and Avignon (Constituted) 5 ......
Northern of France • • .. S .... 12% -•.• • •
Paris and Lyons .. 8 .... 53v .... •
Paris and Rouen .. . • .. .. 20 .... 36 lei ••••.. • • • •
Tours and Nantes
MIKES. —••••• • • • • •
Real del Monte. Unregistered 3

254
36
1211

4-1
34 p
% P
345
144
821 i
10y.

FLANDERS, HA URGH, AND
DUTCH MAILS.
BRUSSELS, APRIL 23.—The c,,riespondent who lately
represented the visit of the Emperor Nicholas to France
as probable, informs us to-day that this visit will not
take place at present.
A contract, dated April 3, has been concluded for a
line of sailing vessels between the ports of Antwerp,
Galati, and Odessa,* between the Minister of' Foreign
Affairs and Mr. Frederick Harkort. The contrant is
from the year 1847 to 1851 inclusive.
Oe the 21st of April the prices of corn in the market
of Lisle continued to rise. This rise has been 2f. 6c. in
the course of one week. The hectolitre of the finest
a hest was 421. 72e. •
We learn from the Journal du Commerce d' Anvers that
the Minister of Finance has given orders, dated the 14th
April, to the Custom-house, with necessary directions,
to prevent the importation or trade in the port of
Antwerp under the name of Molasses and at the duty
to. which that article is liable by the tariff.
BRUSSELS, APRIL 27.—The average price of wheat in
the ~seek ending on Saturday, April 24, was 391'. 98e.,
.end that of rye 29f. 21c. per hectolitre. Thee prices
are cotedderably above those of 14,t vv, elc, namely,
31. 14,-. on, wheat. and of 27c. on rye.
BATAVIA.—We have news from Batavia of the Ist
Mai•ch, which is not very interesting. The Governor-
Geitral of India hos taken measures for the execution
the articles of the treaty concluded on the 29th July
with Belgium relative to the exportation of 4,000 lasts of
colonial produce.
A letter from Singapore, dated March Bth, praises in
the highest terms the efforts of the Dutch Government
in favour of a more liberal colonial system, as well as of
the enlightened views of the Governor-General of Dutch
India, who it is hoped will open the Molucca Islands
also to the trade of all nations. The authorities of Java
and Singapore are on the most friendly terms, and a com-
mission from itlacassar had arrived at Singapore to ar-
range several points relative to trade.
The Journal de Lisle says, the accounts from the
markets all announce a decline in the prices within these
ten days—wheat has fallen everywhere on an average
from 2f. to 61. per hectolitre. We were yesterday
informed that the prices are more favourable to the
seller.
. THE HAGUE, APRIL 27.—We have received, by the
overland mail, Java papers up to the let March.
BATAVIA, FEB. 19.—During the afternoon his Ma-
jesty's steamer, the. Merapi, arrived in the Roads of
Batavia, having left Singapore on the 15th, and brought
the letters and parcels destined for this port by the
European overland mail, which left London on the 24th
December. The arrival of the mail was delayed in
consequence of the Lady Mary Hood, British steamer,
which brings it from Ceylon to Singapore, furtherando
to China, having been surprised in the Gulphb
wb;ch-
gal b) very stormy weather and a high
fsea,
Ceylon}. to
it required eleven days for the voyage
Penang, which is usually. performed in 13_7reoomr l4ohrs.
on the same day his Majesty's steamer thThßatavia,
ar-
rived from the Cape of Good Hope. is vessel is
intended to communicate with Singapore, and there to
meet the British Overland Mail. There have been very
great inundations in several pe interiors country, in con-
sequence of heavy rains in th.

__-
A meeting of Members of
of Lord
took place
on Saturday, at the residerce of.,Lord Robert Grosvenor,
Yark•+treat, on the subject ,:f. Mr. poorter's fof.the sup-
pression of trading in seduction and prostitution. In con-
sequence of the death of Lord Cowley, Lord Robert Grosve-
nor-was not present on the occasion.

COURT CIRCULAR.

The Queen and Prince Albert, the Duchess of Kent,
the Ladies and Gentlemen of the Court, and the dome-s-

tic household, attend d divine service yest,rday in the
private chapel in Buckingham Palace. The Hon. ai.d
Rev. 0. Leslie Courtenay officiated.

Her Majesty and her "loyal Consort took their usual
early.waik yesterday in the royal garden.
Her Royal Highness the Duchess of Kent visited the
Queen and Prince Albert on Saturday.
His Royal Highness Prince Albert rode out on horse-
back on Saturday, attended by his Equerry in waiting
Colonel Bouverie.

Their Royal Highnesses the Prince of Wales, Prince
Alfred, the Princess Royal, the Princess Alice, and the
Princess Helena, took their usual airings in the pleasure
grounds of Buckingham Palace on Saturday.
Her Majesty and Prince Albert, attended by the
Countess of Charlemont, the Earl of Morton, Lieut.-
Colonel the Hon. C. B. Phipps, and Colonel Bouverie,
honoured the Royal Italian Opera with their presence on
Saturday evening. Her Royal Highness the Duchess of
Kent (attended by Lady Augusta Bruce), and theist
Royal Highnesses the Duke and Duchess of Cambridge
(attended by Baroness Hammerstein and Baron Knese.
heck), also honoured the performance at the Thyal
Italian Opera House with their presence on Saturday

evening.
Her Majesty the Queen Dowager, attended Divine i
service yesterday in the Chapel Royal Sr. James's. Tee
Prayers were read by the Rev. C. Haden, the Lessons
by the Rev. G. Repton, and the Communion Service by
the Bishop of London. The sermon was preached by
the Rev. C. E. Dering, who took his text from Psalms
lxxiv. verse 18. The anthem was " Lord let me know
my end " (Greene). The sacrament was adrninistend
by the Bishop of London.
The Queen Dowager was attended by the Viscountess
Barrington, and Earl Howe. The Dean of Hereford
was the Deputy Clerk of the Closet in waiting. Among
the nobility present were the Duke and Duchess of
Beaufort, the Marquises of Anglesey, Northampton, and
Granby ; Ladies Wilton, St. Germans, and Somerset ;
Lords Granville, St. Germans, Cawdor, Essex, Wilton,
Emlyn, and Ebrington.
The Duke of Wellington and the Marquis of An-
glesey attended the early service in the Chapel Royal
St. James's yesterday, The Rev. Dr. Wesley officiated,
and the Rev. C. E. Wring preached the sermon.
Her Majesty the Queen Dowager visited the Duchess
of Gloucester on Saturday. Her Royal Highness the
Duchess of Kent visited her Royal Highness yesterday
at Gloucester House.
His Royal Highness the Duke of Cambridge visited
her, Majesty the Queen Dowager yesterday at Liarl-
borough House.
The Duke of Cambridge attended Divine Service yes-
terday in Grosvenor Chapel. Major Stevens was in
waiting on his Royal Highness.
The Duke of Cambridge visited and inspected the
Exhibition of the Royal Academy on Saturday.
His Serene Highness Prince Edward of Saxe Weimar
visited her Royal Highness the Duchess of Kent yes-
terday at Clarence House, St. James's.
The Committee of Council on. Education had a meet-
ing at the Privy Council-office on Saturday, at which
the Lord President of the Council, Lord John Russell,
the Earl of Clarendon, the Earl of Auckland, the Earl
Minto, • the Viscount Morpeth, Sir Charles Wood, and
Sir George Grey were present. Mr. Kay Shuttleworth
was in attendance.
Mr. Perley, her Majesty's emigration agent for New
Brunswick, had an interview with Earl Grey on Satur-
day, at the Colonial-office.
A deputation from the Southwark Improvement Com-
missioners, consisting of Sir William Molesworth, Bart.,
M.P., Mr. Richard Moser, Mr. William Griffith, Mr.
Joseph Sterry, and Mr. Alfred James Hiscocks, architect
to the Commissioners, waited upon the Commissioners of
the Metropolitan Improvements, on Thursday.
Senor X. Isturiz, the Spanish Minister, had an inter-
view with the Earl of Clarendon on Saturday, at the
office of the Board of Trade.
The Right Hon. E. Strutt had an interview with the
Chancellor of the Exchequer on Saturday, at his official
residence, in Downing-street.
The Earl of Zetland had an interview with Sir George
Grey on Saturday, at the Home-office.