The Sun.
London, England, 1848-08-10 00:00:00

LIABILITIES.

Capital 67,900,000 00
Ditto of the new Branch Banks ... 23,350,000 00
Reserve fund ... ... 10,000,000 00
Ditto of the branch banks ... 2,980,650 14
Reserve-immobiliere ... 4,000,000 00
Notes to bearer, in circulation 306,540,400 00
Ditto of the branch banks ... 67,507,990 00

Ditto to order (post-bills) ... 612,055 00
Account current with Treasury ... 21,660,091 14
Various accounts current 72,991,941 24
Ditto in branches 24,228,263 00
Bills payable at sight ... 2,157,500 00
Ditto at branches 1,713,660 00
Bills of the branch banks payable by

the Bank 4,146,726 86
Ditto of the Bank payable by branches.. 1,809,654 00

Dividends payable . . 1,089,262 75
Branch Bank of Algiers, sum not yet
employed in Treasury Bonds 1„ 109 638 19
Discounts, diverse interests, &c. 770,620 70
Ditto branch bank ••• ••• ••• 889,585 00
Re-discounts of the last six months ... 422,932 27
Ditto in branch banks ... 642,105 00
Miscellaneous 407,436 31

616,930,339 60
C ificate confirmed,
wr he Governor of the Bank, D'ASGOPIT.

NEW SOUTH WALES.

We have received files of papers from Sydney, from
March 9th to April 10th. On Tuesday the 22d March,
the Legislative Council was opened by a commission
consisting of the Colonial Secretary, the Attorney-
General, and the Colonial Treasurer, the Governor's
attendance being prevented,from the recent loss suffered
in his family.
The address of his Excellency is a document of public
importance.
The address is as follows:
" Mr. Speaker and Gentlemen of the Legislative
Council—l have called you together at this early pe-
riod of the year, in consequence of the approaching
dissolution of the Council. I am happy, therefore, to
believe that, whilst this arrangement will allow ample
time for the business of the session, it will equally suit
your convenience.
"It is consolatory to reflect that, notwithstanding
the commercial depression which prevails to so great
an extent in the mother country, and the consequent
clohwietprcolonyproduc e
have in thatcon t
imn aurekde tt,o then_
crease in a manner alike rapid and surprising. The
ts of wool, its main staple, reached in the past
exports
year the large quantity of upwards of twenty-
two millions of pounds, of the official value of 1,260,0001.
being an increase on the previous year, exceeding five
millions seven hundred thousand pounds in weight, and
prices
resources of colonialof this
year
ro f of
4v,0 10070,0 ewoll., being an increase on the pre-
vious to the whole export of that article in the year 183$.
The export of tallow in 1847 was 65,000 cwt., of the
°tho"ucilsatya
l value
is our privilege to continue to enjoy, under the
on
the
other
eadvanced, blessing of Divine Providence, a great superabundance
of all the necessaries of life, of the best quality, and pro-
curable at very moderate prices..
" Although
h
he h
tandhe stillsource
h re
e risinge fy. h
highly-re-
munerative of
agricultural and pastoral labour, consequent on its
scarcity, has lately pressed so severely on the employers,
it has,
re-
munerative employment to the working classes; but as
no community in the aggregate can Jong continue to be
prosperous when the fair profits of the capitalists are
liable to be absorbed in the payment of an excessive, or
a disproportionate rate of wages, I have endeavoured by
seeking fresh supplies of labour from the mother coun-
try, to restore that equilibrium, the maintenance of
which between the two classes is so essential to the ge-
neral, as well as to their mutual welfare.
" The anticipations which I entertained in my last
opening address to the council have, I am glad to say,
been fully realized.
" The whole of the land and emigration debentures
have been paid off, and: the territorial revenue has
exhibited so prosperous a state as to enable me to request
her Majesty's Government to send out to the colony an
addition to the 5,000 statute adults already promised.
and of whom the two first ship loads lately arrived in
the Hyderabad and Lady Peel, an equal number in the
ensuing season. There is every prospect that the whole
of this immigration may be effected without the necessity
of incurring any debt. The territorial revenue will
thus remain available as a security for raising any addi-
tional labour which circumstances may render expedient.
The emigrants now in progress of arriving are to be
selected equally from the three great divisions of the
United Kingdom.
" They are also to be equally divided between the
Sydney and Port Philip districts, and the expense
charged according, so that each district will receive the
number for which it pays. I will cause to have im-
mediately laid before you the correspondence which has
taken place on the subject with her Majesty's
Government and the Land and Emigration Commis-
sioners.

" Connected with the supply of labour to the colony,
I will also cause to be laid before you a dispatch from
the Right Hon. Earl Grey, setting forth the terms on
which her Majesty's Government will be disposed to
send out exiles and ticket-of-leave holders, to be subse-
quently followed by their wives and families, and by a
number of free emigrants, equal to the number of such
exiles and ticket-of-leave holders, at the expense of the
British Treasury. This proposal is made subject to the
concurrence of the Legislative Council, and I accord-
ingly recommend it to your early and attentive consi-
deration.

" Immediately on receipt of Earl Grey's dispatch, No.
203, of 31st July, 1847, I considered it my duty to cause
it to be published for general information. It communi-
cates the important decision at which her Majesty's Go-
vernment have arrived, of proposing to Parliament the
erection of the district of Port Philip into a separate
colony, under the designation of Victoria. It also com-
municates the intention of her Majesty's Government
with respect to some important alterations in the consti-
tution of this and the neighbouring colonies.
" The usual abstracts of receipt and expenditure for
the past year will be forthwith laid before you.
" lam happy to be able to say that the revenue con-
tinues in a very prosperous state. The collections in
1847 show a considerable increase on the previous year,
particularly in the district of Port Philip. The estimates
are in course of preparatioe, and will be presented to you
on as early a day as possible.
"In conformity with my previous expressed inten-
tions, I have appointed a board to superintend the
temporal regulation of the denominational schools, sup-
ported in whole or in part from the public funds, leav-
ing, as heretofore, the religious instruction of the
children in these schools entirely under the direction of
the clergymen of the different denominations to which
they respectively belong; I have also appointed a sepa-
rate board to superintend the schools to be established
on Lord Stanley's national system. I confidently ex-
pect that the appointment of these boards may be at-
tended with beneficial results as regards the general
education of the people; but I am fully aware that much
is required jet to be done in this respect beyond
the settled districts, and it is my intention, therefore, on
submitting the estimates, to propose to you au appro-