The Sun.
London, England, 1846-12-03 00:00:00

- -
, .
No. 16,91. LON TH. RS
DA Y
DON)

ADDRESS of the LIVERPOOL ASSOCIA-
TION•for the REDUCTION of the DUTY on TEA.
In again calling •public attention to the present oppressive and
impolitic tax upon tea, the Association are anxious to give promi
pence to those facts which indicate the necessity for an immediate
reduction of the duty.
The conclusion of the treaty with China encouraged confident
expectations of the extension of our trade with that empire. It was
reasonably anticipated that the low rate of duty imposed by its
Government upon British manufactures would be reciprocated by a
corresponding liberality in the admission of the staple production of
the Chinese for the use of ourselves. The elements of agricultural
industry essential to the production of tea,—the fertile and exten-
sive territory, and the superabundant population of China, esti-
mated at above 350,000,000,—are capable of enlarging its supply in
a ratio at least e'ual to that in which the machinery of our manu-
facturers can increase the production of fabrics required for exporta-
tion. Our imports of tea from China have never yet reached four
per cent. of the entire production of that country, according to the
best calculation.
It is, however, a notorious fact, that the expectations thus cherished
have been disappointed. The merchants are exposed to heavy losses
in the importation of teas, which are now selling in the British
markets at prices below their current value in China ; while at the
same time our manufactures are selling in China for less than the
cost of their, production here. The population at large are unbenefited
by any practical result accruing from a treaty that has left behind it
a tax upon British industry, which at the same time confers a bonus
upon foreign competition.
There is no difficulty in ascertaining the cause of so disastrous an
issue. The pressure of an impost, unprecedented in any other tariff,
cripples the operations of our merchants, and excludes our manu-
factures fri.m the larger proportion of the Chinese population ; while
it deprives the labouring classes in this country of one of the most
needful articles of domestic comfort. The foreign policy of our Go-
vernment has achieved a brilliant success; but its results are marred
and counteracted by the incongruous arrangements of the Home
Exchequer. The chief export of China is brought in abundance to
our shores, only to accumulate in our warehouses. A tax, as
anomalous in its principle as it is mischievous in its results, stops at
once the tide of commercial prosperity and the pervading currents of
social civilization.
Under such circumstances, it is almost as easy to predict the future
as to review the past, A losing trade can never be a permanent one.
The discouraging results of this year's imports will curtail the ship-
ments of the next. Comparative scarcity, and proportionately high
prices, will follow. The professed intention of the financial measures
of Government for some time past has been to cheapen the necessa-
ries of life. In this country tea occupies a more prominent place
among those necessaries than in any other. Under the operation of
any uniform and reasonable system of taxation, it would, therefore,
have been recognised as a primary object for the ameliorative inter
position of Government. On the contrary however the Legislature
of the country in which it is .s."*6 esaeirsiiely sssc fast
to recognise its mil.. in the civil and social economy of the
state. The British Government has afforded every facility for its
supply to Other countries, where it is little more than an occasional
luxury, and has impeded its consumption among ourselves, where its
use is indispensable
The necessities of the Exchequer, the only plea advanced in pallia-
tion of an impost so obviously indefensible, is one which will not
bear examination. There is-no reason to apprehend that the reduc-
tion of the dity to Is. per pound would leave a deficit of any import-
ance. The immediate result of such a change would unquestionably
be the liberation of a larger quantity from bond than had ever been
taken out during the same period before. If any temporary pres-
sure upon our finances existed, it would thus be promptly relieved.
There is no room to doubt that in the further course of time the gra-
dual increase of consumption would enlarge the revenue upon a sure
and satisfactory basis. This is not a gratuitous conjecture, but a
reasonable deduction from the result of similar changes in the duties
on coffee and sugar ; and, above all, it is confirmed by the only two
existing precedents of a reduction in the tax upon tea itself. In
1744, the duty was reduced from 13/. 18s. 7 per cent. and 4s. per
lb. to 38/. 18s. 7;.d. per cent. and Is. per lb. The consumption im-
mediately advanced nearly 50 per cent. In 1784, the duty was re-
duced from 551. 15s. 10d. per cent. and Is. ld. 4-sths par lb. to 12
per cent. The consumption was at once more than doubled. In
1785 it was trebled, and in 1794 it was quadrupled. Since that pe-
riod the duty has gradually advanced. Under the monopoly of the
East India Company it was 100 per cent. ;• and under a.system of in-
dividual enterprise and competition, it Is nearly 200 per cent. Every
reduction in the price of the article has, however, beets followed by
an increase in its consumption.
The present consumption of tea in this country amounts to an
average of about 1,1/.'2lb. per head per annum for the entire popula-
tion. This is about one-fourth of the allowance usually afforded to
domestic servants in families of the middle classes; it is less than
one-half of the quantity consumed in the Channel Islands, where all
intoxicating beveraLres are far cheaper than in this country ; and it
is scarcely one-sixth of the proportion used in Australia, by a popu-
lation whose physical requirements will appear to most persons less
favourable to its use. Whatever test may be applied to our present
consumption, it will evidently appear to be restricted by the artificial
limits of price, and not by any (injection to the qualities arid proper-
ties of the article. A careful examination of these will justify the
conclusion that it is adapted more than any other beverage for. in-
corporation with every description of diet, and for use at every
meal ; that It is suited to every variety of physical constitution,
and adequate to sustain every description of mental or corporeal
exercise.
The present duty amounting to two-thirds of the cost of the most
serviceable descriptions of tea, it is evident that the dealers require,
in order to cover their investments in its purchase, three times the
profit which would repay them, were the article free of duty. The
public have thus to pay a tax upon a tax ; the magnitude of the im-
post, in the first instance, being indefensible and oppressive. Were
the duty reduced to Is: per lb., the consumer would obtain at least
here is no doubt whate that the larger quantity would2lbs be used.
As the consumption of every pound of tea involves that of 51bs. of
sugar, the extra duty on the latter, added to that on the increased
quantity of tea at Is., would at once yield a revenue of about four
millions, aecordin, to the most moderate computation, while the
future.enlargem nt of this source of public income might confidently
be expected. •
The committee conceive it unnecessary to enlarge upon those
moral and social benefits that may fairly be anticipated under the
operation of a more equitable impost. They are persuaded that the
removal of those restrictions which now impede the use of a cheap
and salubrious beverage would be highly conducive to the happiness
and well being of the community, by encouraging habits of tem-
perance and domestic comfort, and by supplying practical dissua-
sives from crime. They regard the burden of the tax as now
pressing upon the energies of the entire population, under what-
ever character these may be benercially developed ; and they there-
f 're invite the sympathy and support of all classes in their efforts
for its removal.
Liverpool, November, 1846

WILLIAM NICOL, Chairman.

REPORT BY THE DIRECTORS TO THE.
SHAREHOLDERS OF T SCOTTISH MIDLAND EX-
TENSION RAILWAY COMPANY.
The Shareholders ate already informed that the Bill, for incorpo-
rating the Company and authorising the W orks, -was lost in the last
session or Parliament, having been rejected by the Committee of the
Horse of Commons.

The Directors have been unwilling to dissolve the Company has-
tily, in
consequencethe yl d ofbe theirableLo
effect
delaying,
an for relieving
expenses
theythis have at length suc-
ceeded.
The expenses on the Bill, though the greatest economy was
cised, were larger than the Directors anticipated they would be,expaer-
ticularly in the cost of witnesses. This arose from the
groupe, ori
which this Bill formed part, having been ordered to meet in March
before the Standing Orders Committee had rorted on some of the
Bills. This had passed standing orders, and been read a secon 1
time,and it was expected that the notice between the second reading
and the sitting of the Committee on the Bill.would, in the circum-
stances (the Committee' for a gimp being appointed to meet on a
fixed day), bej dispensed with. In consequence, the witnesses and
agents were all sent. from Scotland, and
.the other preparations made.
•But the Committee adjourned for a month, and so the witnesses and
'agents went back to Scotland, and returned to att
expense in that end the Committe
de-
e
fdr the adjourned diy. Thus there was a double
partment. • • . . •
The total number of shares issue 4 (on all of them the full deposit
was paid) was 10,687... The accounts of expense haVe not been all
adjusted; but the total amount -appearS to be very 'near 9,500 t.,
or 'about 175.6 d. per share, which, out of the 50s. :of deposit, would
afford a return of 325. 6d , •
But your Directors have made an. arrangement
at Company agrees
With tfie Scottish
Midland Junction Railway Company, whereby th
to make a return of holders share, receiving ,the Deeds will
taking
the place of the Scrip The farliamentary Deedi will be can-
celled. -
The Shareholders who desire to avail theingeliei of this arrange-
ment will transmit their Scrip Certificate4,-along with a memoran-
dum of their full names and addiessei; to ' the Intl ranerim-Secr ted foretary,
without delay, indorsing upon them these words " smit
the return of 40s. per share, in terms of the Directors' Report, dated
14th Novel-116er' 1846," and letting this indorsement be signed by
the Scripholder ; and in return the secretary will forward a Banker's
Credit on London, or Edinburgh, or Glasgow, -for the amount of the
return at the usual par, or at sight less the Banker's charge for ex-
change, as May be desired.
By order,
CHRIS. KERR, Interim-Secretary.

Dundee, 14th Nov. 1846.
NATIONAL SECURITY BANK.
TEMPORARY OFFICE, 168, Fenchurch-street, London.
Capital, b 00,0001., in '5,000 Shares of OM •/
Deposit 10/. ; Call 40/ per Share. • , •
In consequence of the numerous shares already subscribed for, the
public are respectflilly informed that an early application will be
needful ou the part of those who may desire to become interested in
this establishment. The solidity of the principles on which it is
founded having been" universally admitted, whether with reierence
to the complete protection of the shareholders, the sou
b cuy
-
,rity offered to the customers, or the advantage arising to them
the interest on deposits, which neither the Bank of England nor
the private banks allow, with the addition of a security perfectty
unexceptionable, even in the case of trustees, or official parties,
the Directors eel confident' thit the only ingredient necessary a
•tt. secure it the'entire approbation of the public will be supplied by
detailed statement, now prepar, d; of the various sources of profit from
,which its large contemplated returns will be derived. These are such
as cannot fail to confirm the opinion of those who have already sub-
. scribed for upwards of 4,000 shares, and to satisfy any doubts that'
may have been suggested as to the very profitable nature of the pro-
posed investment
Applications for shares may be addressed to the Secretary, at 163,
tFheen csho rrcehe
s- sot
of
eper
ot t, whom
&c., will p rboes pfeocrwt u
reds
eadn,d
pao
stfree,detailed
if statewri t
tme
nenft of
o r;
to Messrs.,gutton and Co., solicitors, 6, Basinghall- street ; Messrs.
Capron and Co., solicitors, Saville-place, New Burlington-street ; and
to Messrs. Sutton and Co., stock brokers, Royal Exchange.

BROWN'S LECTURES on ETHICS,
with a Preface by Dr. CHALMERS, post Bvo, Bs. 6d
BROWN'S PHILOSOPHY of the MIND,
Fifteenth Edition, Stereotyped, Bvo, 18s.
ROWN'S. PHILOSOPHY of the MIND,
Library Edition, 4 vols. Bvo 2/. 2s. -
W. Tait, Edinburgh; Simpkin, & Co., London.

No. 9, Denmark-street, Soho-square, Dec. 3, 1846.
MENZIES'S ANNUAL •CALEDONIAN
COSTUME and FANCY DRESS BALL will take place on
HOaSDAY, the 21st ofJanuary, at the QUEEN'S CONCERT ROOMS,
Hanofer-square.

PUBLIC ABATTOOUSEIRESS, or SLAUGHTER
H.

The Prospectuses are in a state of forwardness ; in the meantime,
whilst the peamoters are grateful for the mass of information
already volunteered, they will feel obliged by any fhrther suggestions
which may be useful in the final settlement of their plan.
HENRY F. RICHARDSON,
Solicitor to the Promoters.
36, Coleman-street, London, Nov. 30, 1846,

ACCIDENT AT WINDSOR.—An accident occurred
on Tuesday afternoon to James Hopkins, Esq., a gentle-
man residing at Earl Grey's mansion at Datchet.
He
was riding a spirited young horse from Datchet to
Windsor, attended by his groom, and on passing by the
castle gates, in the Frogmore-road, the animal took
fright, proceeding along Park-street, at a tremendous
pace, into the town. Instead of making for the High-
street, the horse dashed into the stables of the New
Inn, the left side of Mr. Hopkins's bead coming into
violent contact with a large iron lantern which was sus-
pended
_in the centre. A severe wound was inflicted,
from which the blood flowed profusely, and Mr. Hopkins
was rendered for a time insensible. Mr. Pearl, surgeon,
of Windsor, was speedily in attendance, and the sufferer,
in the courso of the afternoon, was conveyed to his resi-
dence at Datchet.
ELGIN CATHEDRAL.—The Commissioners of Woods
and Forests have resolved to effect a great improvement
in the close vicinity of tais ancient and beautiful ruin,
by the removal of the line of old houses at the south of
the principal entrance, which have so long been an eye-
sore to the community and to strangers visiting the town
.—Caltdonian Macury.

MONEY and CO3i 7,1 ERCIAL NEWS.
(From The San of last• Night.)
The Cotton market at Li v,,rpool yesterdeay was Very
firm, and American and Su at have advance *d.` per lb.
compared with last Frida)'s rates. Sales 9,000 bales of
which 5,000 were on specula: ion. 500 Pernams and
Maranhams sold at 6id. to 7d.; GOO Egyptian at 7id. to
84d.; and 300 Surat at 4d. to 41El. per lb. Shares were
much the same.
The Liverpool Albion, in speaking of the Liverpool,
Crosby, and Southport Railway, says, " The opinions
in favour of this undertaking are so generEl, especially
in regard to its sanatory results in connexion with
Liverpool, that we understand it will come before Par-
liament with the' support of nearly all the interests
affected by it.
At the present moment, when so much interest is
shown for the receipt of information connected with
supplies of grain, flour, &c., from the United States and
Canada, the following news is of peculiar interest:—
" The rise of freights in our domestic commerce
(states a New York authority) is a most important

movement. •
" We learn from a most intelligent gentleman, that on
the lakes there is not half tonnage enough to bring the
produce to market ; that although every steam-boat
vessel is actually employed in transporting goods, and is
realising fifty per cent. advance, yet in the states of Ohio
and Michigan, one half the wheat and flour will be de-
tained until next season, for want of vessels to
bring it away. On the canals freights are
50 per cent. above what they were, and although every-
thing in the shape of a boat, is actually employed, yet a
large portion of the produce will not, for want of facili-
ties, reach our market. The want of capacity, in our
canals, is now deeply felt. The loss to the people of this
and other states, from this cause, it is said, will be of
the most serious and injurious character.
" The demand for vessels to foreign ports continues as
great, if not greater than ever. A number of vessels
are er.-;.,m, c...-,m +h. .nct nnrl marivt,a building, yet
ireignts are beyond any point yet. - All the packets are
engaged for some time to come. Vessels are taKen up
for places, which, until now, were hardly known. To
Cork, 4s. is paid for flour, and is. for grain ; to Newry,
ls. ld. To the different ports of Scotland and Ireland
vessels are wanted, while to London, Havre, Belgium,
and Holland, there continue to be large shipments.
" Accounts from Kingston, Upper Canada, state that
the greatest possible activity prevails amongst our for-
warders here, some of whom are employed all night as
well as all day, in shipping produce to its respective des-
tination before the navigation closes.
" On Sunday we had a cold, wet easterly wind; Mon-
day the wind changed, and the thermometer rose to the
temperate point, and so continued all night, and Tuesday
was the same, with a clear sunshine, the commencement,
we should say, of our Indian summer. This day, Wed-
nesday, at daylight, the thermometer stood at 45, and at
eight at 50, with rather a cloudy, though fine weather,
sky."
The East India advices have been considered here as
favourable, and there is no doubt but that if the tran-
quillity of the countries around our territory can be
secured, trade will. improve. The natives merchants
appear to be rather short of money, and this might
arise from want of confidence.
. There is nothing of importance from the Continent
to-day.
The foreign exchanges, except upon Paris, were
barely supported yesterday afterno,n. Amsterdam and
Hamburgh were both lower.
The Stock Market has beery favourably influenced
again by the intelligence from India, and the resump-
tion of purchases by the brokers acting for corporations.
&c., serves alto to further the impulse. The value of
Consols is 958 to 958 for the present transfer; and the
same for account. On Exchequer-bills the premium is
7s. to 10s. only. New Three-and•a-Quarter per Cents.
have risen to 958 and 961, and the Three per Cents. to
94a. Bank Stock is 2071 to 2061.
The Foreign Investments have been dull. Spanish
Five per Cents. are 26f I, and the Three per Cents.
374, being steady. Portuguese Four per Cents. are 38
to Mexican have improved to 221 I, the accounts
being more favourable to the republic
The Share Market has been very good again, but
prices have not improved pari passe with the junds.
Birmingham and Oxford Junction are rather better,
North Western have been firm, Midland, Norfolk, and
North British are higher. There is a good deal doing in
the York and Midland lines.

ONE
PRICES OF BRITISH FUNDS. ON LOCK
plank Stock .2071,/ 206%
3 per Cent. Reduced Anns 9414%
3 per Cent. Consols Annuities 95% % %
New 34 per Cent. Annuities 96 95% 96%
i.ong Annuities to expire J an. 1860 9 15-16 %
Ditto 30 years, Oct. 10,1859
India Stock 258 260
India Bonds, 1,0001
Ditto under 1,0001. .. 18 22 p
South Son Stork
Ditto New Annuities
Consols for Opening, Jan. 15 95%%
Exchequer Bills, 1000/. 11,%d.... 710— p
Ditto, 5001
Ditto, Small
ONE
PRICES OF FOREIGN FUNDS. O'CLOCK
Mexican, 5 per Cent. 1846
Ditto, Account
Portuguese Bonds, 4 per Cent .. 38%
Ditto, Account 3B
Spanish 5 per Cent. 1840,
Ditto, Passive
Ditto 3 per Cent. . '
Ditto. Account 373%
Dividends on the above payable in London.
Dutch, 2% per Cent
Ditto, 4 per Cent. Certificates 921 A 92
PRICES OF BUSINESS DONE CLOSING
i AMWAY MARES
PAID' AT ONE O'CLOCK. PRICES.
Aberdeen
Amber., Nott., Boston,

CLOSING
PRICES.
206 1/2
94
951/i
96174
974
93A
260

and Eastern Junction 2% 2% ..
Armagh, Coleraine, and .
Portrush l%
Belfast & County Down 43% —
Birmingham and Dudley 425. ...
Birmin. and Gleucester..loo

22 p

90
95%
10 p
11 p

11 p
CLOSING
PRICES

22%
3842
38IA
5%
373/4
3734

Ditto New. 4 l7l,Cy
Birmingham and Ox; ' • • •
ford Junction • 2
Birkenhe'ad, Lancashire, '
and Cheshire June.... 23/ 23/
Boston, Stamfd. & Birm.• 225. , • •
Bristol and Exeter 75
Ditto, New • 5 ..... • •• •
Bristol and Gloncestei... 30 ......
Bristol and Liver. June.. 2%......
B.uckinghamshire
Caledonian - 25 . . 23%% 23%
Ditto Half Shares...... 2% 2 %... ...... ..... 29i
Cambrian & Grand Jane 42s —
Chester and Holyhead... 27%
Churnet and Blythe
Chester and Manchester 425.
Cheltenham and Oxford 2 ...... • .. • •
Clydesdale Junction.. ... 20
Cork," Blackrock, and
Passages
.Cork and Killarney _. 2%
Cork and Waterford ... 1% —
.
Coinwall
Ditto, Half Shares ... 21/Q -
Cornwall & Cent'! Devon 2% — .. _
• Direct Lincoln, East Rat-
ford, and •Sheffd. June. 2% _
Direct Northern
2
Direct Norwich • 1
Dublin and Belfast Junc. 126 --_
Dublin, Belfast, and
Coleraine ............... 2%
Dublin and Galvia3i.„. :: 4 -
Dundalk & Enniskillen 10
Kastern Counties...... 14/. 168 .. 2314 .. .... ........ 231%
Ditto New
Ditto Perpetual, 5 par
Cent, No. 1....... 61.135. 4d...
Ditto ditto, No. 2 .. 6!. 13s. 4d...
Do., York Extension.. 2 ...... 3%
EastDereh'ai andNoech 1
i4;astern Union ............ 35 .. ... 52%
Ditto. Quarter Shares 8% —
• Do. Exten.(llariach) I 1:i i - .........
.....
Do., Camb. and Ely.. 2%
East Lancashire ...... . . 14 - •• •••.
Ditto. New ... : ...... .. 5 -
Do., do. (late Preston ,
and Ormskirk)... .. 5 .. •..
East Lincolnshire ... 1 I/4 ..• • . . 1./
east & West 'of England 1X3.. .• • • -- .
Edinburgh and Glasgow 50 ...•••
Ditto Half Shares ... 10 ...... 2014
Ditto; Quarter Shares 12% .••••• ••• ..... '.. 6 0
Edinburgh & Northern.. 12% ...... 15 4 ••••••
Edinburgh and Perth... 3 ......
Ditto, New .. 15 •
Exetaenrd,
ylieouvnitli,nszg.drooonrs.e.. 12t51/2. .. .
14
..
.E1y....12%.....
.........................
--...............
Enniskillen and Sligo ... 2% —
...... .. ......
Do., IA Shares (5 per
Glasgow,Kilmar.,&Ayr 50
cent. guar.) ... ...... 121/ — ...............

Glouc.,Alieryst;vith,and
Central of Wales 1%...... —......•••..-•
Goole, Doncaster, Sic 42s.
Grand Union (Notting- '
and Lynn IX - ...... .....
_ ___

Great Eistern &Western 2i,......
GreatGrimsby and Shef-
• field -•—• . •••—•.
Great South. and West.
(Ireland)
Great Munster ...... ...... 21
,A.

Great North of Scotland 272
Great Northof England..loo ...., 235 ..
Ditto New
Ditto, New . l5 ,
Ditto, New
Great Western B5
Ditto % Shares
Ditto 14 Shares lO —
Ditto Fifths 2O
Ditto, New . 2
Huddersfield &Mooches. 13 ......
Ditto, Extension 3
Hull and. Selby 5O

Ditto M Shares
Do. Half Shares
Ipswich & Bury St. Edm. 1114 l2:r, th ............
Do., do., and Norwich 2IA —
Lancaster and Carlisle... 60
Do. New
Leeds and Bradford
Leeds and Carlisle
Leicester & h Birmingam 225.
••• ........ ...

% p

-
17i

-
1%

.....
33/4

93/4
9%
13/4

2014
15%

12%

....
14 p

194

- t
78

301 A
7%

12%

!J/4

Leicester and Bedard... 225. yt dis. X dis.

Leeds, Dewsbury, tc.,.. 221/2 35 34% ••
Do., Branch (Blii) .. 21/ 1014•
Do. Extension(Gten ) 21/2.. ... ''''''''''' •
Leeds and Thirsk.., 17%•••••• 161/ .•••••• •••••
• Ditto, New ..... ...
Lpool., Mnchstr 8 N ew
castle Junction ..... .2%
Liverpool and Busy . 24 .• ...
London and BlackYalLl6/. 131,4 d. 8%
Do. New
Ditto Extension „ ... 714:—. -• ........ ''•
London, Brighton, and
South Coast ...... ..... 50 .. .. 59%141,4 .........
Ditto, Fifths ........; 40 ......
Do. Guarant. 5 per ct 9 — —— ""•
London and Greenwich '2l 15s4d
Do. Preference ....8/175 2d —
London, Hounslow; and
Western - ... •••••••• ...
London and N. Westersloo 195% ...............
Do. Quarters ... ..., 2 ~., 2234
DO., do., New Sham. 2
Ditto Fifths
Ditto, Eighths (G. J.) 121/$ — ...............
Do., New 14 Shari
(G. J.) .............. 5
Do 40/. Shares(L. M.) 8 . —
Lond. & S.Western 411 C% 10d...... 63 64 x n
Da. New ConsoL Bths 40 - 273/4 xn
Do. New 221,/2... .. 273/4 xn..-
Do. New .lB ;,:. •
Ditto Tenths ....• .. 5
~,....• 5 %%% ...... ...
41/a
Ditto Tenths . .... 4 4. ... 4 A
55ft
Ditto Guaranteed 5 ~.... 53/47/2 ............
Ditto ditto ...... .
..ondon and York 2%4-
Do. Extension ......... 2% —
••• .....
London and Windsor . 142"..a. .
London, Salisbury, and
Yeovil
Londonderry& Col6raine 15. ...... ' ...... .........
Londonderry and Ennis-
killen l5 ....4.
Lynn and Ely ,15 .
1... 16%
it
Lynn and,Dera.ar''A a
~
--- 157..
~ _
Manchester.age nil-•_-38 --- 38
Do. Quarters
Do. Fifths 6 . .... 114 11 ... ......
Do. Sixteenths
S 614 ......

Do. Extension 428. — p
Manchester and Birmin. 40
Do. Quarters (A) 5 ......
Do. Quarters (B)
De. Quarters (C) 1
Manchester,Buxton,and

Matlock 42s. — p
Blanchester Birm., and
Mould Junction ..... ....„
Manchest. & Southampt. 2
•••
Midland lOO .....126 129
Do. Fifths 2
Do. New
Ditto, New
Do. Birm., and Derbyloo lO2
Midlnd& East. Counties 2%......
Midland Great Western •

Irish
Newcastle sled Berwick 20
Do. North Shields ... 25
Newcastle and Carlisle...loo
Newmrk et &Cliesterfrd 5
N2wport&Abergavenny 2%......
Newry and Enniskillen 7
Newark, Sheffield, and
Boston ... ..... ......... 1%.. ...
...
........
..
Norfolk ...... ............ ...100 129 128. ... ......
Do. Half Shares ..... 9
Do. Extension
North British ......:. ... 25 ...... 36 35:34 x3rds
Do. Half Shares
Do. Fifths 5
Do. Quarters ...... ... 114 3IA x 3rds
Do. Extension ......... %...... --
Northern and Eastern... 50
Do. Scrip (issd. 5 dis.) 50
Do. Quarter Shares... 12% —
Do. New .. . 1
North Staffordshire...... 5
North Wales
Northern and Southern
Connecting -
Oxford, Worcester, and
Wolverhampton ...... 171
Oxford, Witney, and
Cheltenham....
Portsmouth Direct 3:3/4 —
Preston and Wyre 25
Do. 1A Shares
Reading, Guildford, and
Reigate 3/. 12s. — dis.
Richmond . l5
Royston and Hitchen ... 1% l3/4
Scottish Central
Scottish Midland 12% •
Sheffield, Buxton, Leek
Potteries,andCrewe... 1%
Sheffield & Manchester 100
Do. Quarter Shares... 8
Do. Lincolnshire Junc. 1/1 —
Do. & Great Grimsby. 10
Do. do. Extension 425. .... ......•••• ....
Shrewsbury and Rim..." 3 .... . 51a %
Shropskire Union
Shrews., W oivernamp.,
&S. Staffordsh. Junc. 2%
Sligo and Shannon l% t
South Devon 4O ...... 33
South StaffordshireJunc. 21 • —
South Eastern & Dover. 33% 3714 38% ......
Do., No. 1
Do., Na 2.
Do., No 3 -
Do.. No. 4
‘St.Alban's, Hatfield, and
Hertford Junction ... 425. — -••
Staffordsh. & Shropshire 23/4 —
TS
WarwickN7
.s
o
waau
wla et
nh
_ ovs .fa- Wales
eaaLel
EenaostdxuhtgNe.vhrio.
srri.co.tea.r.-
4,252 s . , .. .
...... .
_3l: :..
..
...vg..........'............
..........
........
,meron's Stm. C0a 1.... 2
Wakefield, Pontefract. &
Goole 22%
Waterford and Kilkenny 11 .
Waterford and Limerick 221/2 — ' ............ ..'
Waterfd,Wxfrd,Wicklw,
and Dublin ..... - ............. .
Wexford, W aterford, and
Valentia
• 1% ...... ..
Waveney Valley ...... ... 2
Welsh Midland
......
West Riding Union 42s.
West Cornwall 2 ... ~ . ........... .
ffexford and Carlow - ^-
Wilts, Somerset, & Wey-
mouth
Sir --este- W- ' -

orcester, rt arwick, and
Rugby - ' 425.
York and Carlisle 23/4 —.- .. •••'''
York and Newcastle. ... 25 .. 3B 373/ .......
Ditto New
Do. Preference ...... 2
t ork and North Midland 50
Ditto % Share 3..... ... 25 ...... 451,42 .. .. • '"
Do. Selby 4O ...... 783/4 ...... . .......
Do. Extension 2O ...... 38 ..... •"-*"
- Ditto,. Preference
...... 121 A 113/4 12' Ni
Do. East and West Rid-
ing Extension
FOREIGN RAIL WAY:)
Anglo-Belgian 4 ...

Barbadoes-
1 ...... 000000000 ••• •••••
Belgian. Eastern Junctn. 21, ......
Boulogne and Amiens... 16 . .....
..
Bordeaux B.72dediterran. 2 ...... .... ...•• ...•
isordeaux, Toulouse, and
Cat te (Mackenzie's)... 2 ..
(E

2 ...• • - ...•