The Sun.
London, England, 1846-10-27 00:00:00

FREIGHTS.

There has been an improved demand for tonnage for
Great Britain, and freights have consequently advanced
to 31. lOs. per ton for London and Liverpool. The rate
to China may be quoted at 6rs. per candy. From the
number of unemployed vessels in the harbour, it does
not appear likely the improvement will be long main-
tained.

MONEY MARKET.
Annexed are the current quotations of Government
paper :
Five per Cent. Loan of 1825-26 ...
Four per Cent. Loan of 1532-33 ...
Four per Cent. Loan of 1835.36 ...
Five per Cent. Loan of 184142 ...
Four per Cant. Loan of 1842-43
EXCHANGE.

... 110 rs.

... 99
... 96
... 106
... 96

The bulk of the transactions for the mail have taken
place at Is. Ild. to Is. 11id. for bills at six months'
sight. The rate is now Is. 'lid. to Is. 110. On Cal-
cutta Exchange has fallen to 98i rs. at 60 days' sight,
and on China the rate is 209 rs. per 100 dollars.
BANKS.

Subjoined are the current rates of Bank shares. Some
shares in the Oriental Bank have changed hands at the
figures quoted:—

Rupees.
Bank of Bombay
Oriental Bank, Old Shares
Ditto, New Shares 27 to 28 If
Agra Bank 54 to 55 yt
PRICE OF BULLION. _

Sovereigns, each
Bank of England notes, per £ lO

CHINA.

HONG-KONG, AUG. 28.

The late riot at Canton has led to a long corre-
spondence between the Consul and the British mer-
chants. The merchants claim, as a right established
by treaty, that one of her Majesty's vessels should be
permanently stationed off the factories, to be at
hand in the event of any outbreak ; but the Consul
maintains that according to the treaty, which pro-
vides for a vessel of war at each of the five ports,
Whampoa is its proper anchorage, which, though ten
miles off, he, in common with the Chinese, holds to
be the port of Canton. This seems vastly absurd,
and is ably exposed both by the merchants, and in
an article in the China Mail for July 30. Any
future riot, like previous ones, would probably be
over before assistance could be procured from the
outside anchorage; where, however, it, must be ob-
served, no British vessel of war has ever been per-
manently stationed, any more than off the factories,
their occasional visits being always made after they
are wanted ; so that both now, and on a similar oc-
casion four years ago, her Majesty's subjects have
been obliged to seek assistance from an American ship
one time, and from a Danish another. It is the mora
influence of such protective force within hail that is
especially valuable, and Sir John Davis has over-
ruled the Consul's scruples, and ordered the Nemesis
steamer to lie close to the factories ; and thougli she
has no marines or forces to act on shore, so long
as she remains in sight there will be no more rioting.
The British community having no assurance that
they will be protected by their own Government,
have resolved to do their possible to defend themselves,
having formed into three regiments of volunteers,
which meet regularly for, it must be admitted, a
rather irregular drill. They have sent to England
for 300 muskets and accoutrements, and will then
only require a drill sergeant to teach them how to
make the best use of their weapons. The musters,
however, are already productive of good effect upon
the Chinese, who, while they are not themselves
very knowing in military tactics, have great re-
spect for the powers of a body of Englishmen
with arms in their hands, and a design to use them.
It is to be hoped our countrymen will not presume
upon this to insult or maltreat the Chinese without
good cause. With all their ill-feeling against
the English, they are seldom the aggressors in any
row with the Fanquei. Recently, the proximate
cause of the riot was a Chinaman being struck or
severely poked with a stick, because in a crowded
street he was in the way of a merchant, who has
made himself disliked by the populace for his offen-
sive conduct towards them. This fact is not alluded
to by the Consul in the course of the correspondence;
but his attention has since been specially called to it,
both by Sir John Davis and Keying, who require
an investigation into the cause of the riot, in which
several lives were sacrificed, and considerable damage
done to property.

The news from Canton induced the Governor to
hasten his return from the north, without accom-
plishing the principal part of his errand; for it was
his original intention to have visited Japan, and en-
deavour to establish commercial relations with that
country. The design is postponed until the arrival
of Admiral Inglefield, and we must, therefore, be
anticipated by the Americans, French, and Danes,
who have each sent vessels to Japan, it being our
turn to improve upon their negotiations. Subjoined
is the proclamation issued on the surrender of Chusan,
and the Gazette intimation of consular changes,
these being all that has yet transpired of the Gover-
nor's northern tour.
PROCLAMATION.
DIPLOMATIC DEPARTMENT.
The island of Chusan, having been restored to the
Emperor of China in conformity with treaty engage.
ments, ments, is no longer to be considered as f
permitted. British
subjects or places with which trade is
the departure
of fixed for three
osUfbhjeerCtms
jTeesttyh,esTC9fBOtrhe
Billetrimede,n4th;ht
-
to any of its dependencies, will become liable to the
the
4th article of the supplemen-
tary treaty.

J. F. DAVIS.
God save the Queen.

Given on board her Majesty's Steam-vessel Vulture,
this 16th day of July, 1846.
True copy, A. R JOHNSTON.
GOVERNMENT NOTIFICATION.