The Sun.
London, England, 1848-06-02 00:00:00

Norwich was opened. If they did not, that portion of
the capital which had been laid out on the works would
lie dormant for some time, and they would be obliged(
to raise during the current year the sum of k
40,0001., to meet the interest due to the sharehol-
ders. The directors proposed that the proprietors should
raise among themselves and their friends the sum of
100,0001. upon bonds for three years, under the com-
pany's borrowing powers, the amount to be applied ex-
clusively to the completion of the Norwich line. Some
doubt had been entertained as to the legality of that
proceeding, and as to the validity of the security, but
the directors had taken the opinion of an eminent
lawyer, Mr. J. H. Lloyd, upon the subject, who stated
that the holder of any bond might, at the expiration of
three years, sue the company in his own name, and, in
default of payment, be entitled to judgment and execu-
tion against the stock of the company, or if in London,
might attach the money at its bankers ; and in
default of other remedies, apply to the Court of Chan •
cery and get a receiver appointed. In fact, he said he
saw no difficulty in enforcing the payment of the bonds.
The Directors themselves had commenced a subscription-
list to carry out this proposal, which amounted to about
30,0001. out of the 100,0001. which would be required.
The Chairman gave a flattering account of the
prospects of the company, stating that within one year
from the opening of the Ipswich and Bury line, and
within two years of the opening of the Eastern Union
line, the traffic had exceeded that given in Parliamentary
estimate, and concluded by proposing the reception and
adoption of the report.
After considerable discussion the report, with the ex-
ception of that part of it which might imply the con-
currence of the meeting in the leasing of the Stour
Valley line, was received and ordered to be entered on
the minutes.
Subsequently resolutions were passed reducing the
number of directors to eighteen, appointing the directors
and auditors for the ensuing year, fixing the salary of
the secretary and auditors, the former at 5001. and the
latter at 501. a year, and one authorising the directors to
borrow on ',mortgage or on lands at the rate of 61. per
cent. a sum not exceeding one third of the capital of the
company.
A vote of thanks was then passed to the chairman and
directors, and the meeting separated.

MARKET INTELLIGENCE.
aopfpjaurennet2in.)th e
gCo'uffrrvye:
an
s (FromGAs theT 0 L_
in prices variation was furtherobserv-
d°a4yda"N ePfarliline
able, as the supply at market was less plentiful. Of West
value of raw Sugar ; little
India' Muscovado the purchases were small, and confined
to only 350 hhds, including a public sale of 153
hhds Bar badoes, which went 6d cheaper. Fine yellow
sold at 433, good 41s 6d to 425, middling and good mid-
dling 403 to 41s. The total purchases for the week are
1260 bhds, &c., and the decline in prices amounts to 6d,
and in some cases of is per cwt.
Rp'INED.—To-day the home trade operated with
caution in all sorts of refined goods, and easier rates
were taken. Standard Lumps selling at 565, and brown
55s to 55s 6d. For Crushed Sugar there are still few
orders, but prices are not lower.
EAST INDIA.—This afternoon there was only a
limited demand for Bengal Sugar, and 2,856 bags at
public sale were only in part sold, but full rates were
obtained. Of Madras 1,130 bags went at the full worth.
Manamus.—The supply has much increased this
week, and for both grocery and refining purposes the
demand is less active, still previous rates are sustained
for all qualities. Of 12,362 bags, 36 casks offered at
public sale, about half sold. The chief portion con-
sisted of the better qualities.
FOREIGN.—To-day there was no pudlic sale of Fo-
reign Sugar: the private operations are a carpe of white
Havannah at 325, 1,800 boxes yellow, duty paid, 40s
to 41s, and 200 chests brown Bahia 386 s 6d per cwt.
MoLassEs.—Holders are asking full rates for all sorts
of West India, but the demand has been limited this
week by private treaty. The deliveries are, however,
on the increase, and arrivals keep small. At public sale
189 puns of new Trinidad were taken in at 18s for
middling quality. In the value of Bengal Treacle there
is no variation.
COFFEE.—This afternoon there was no public sale of
Coffee, and the amount of business done in the private
market was small. The value of good ordinary native
Ceylon is 30s to 30s 6d.
COCOA.—lmporters of Trinidad continue to manifest
a desire to realise, and having abundantly supplied the
market this week droduced a decline in prices of 2s to
3s per cwt. Of 1,416 bags offered at auction, a part
sold. A further reduction is expected to take place on
account of the large quantity to arrive. For Foreign
the market is in a dull state, and prices tend downwards.
At public sale 69 bags of African were taken in at 30s
for dull red, but rather wormy.
TEA.—To-day there was little passing in Tea by pri-
vate treaty, and of 780 packages offered at public sale,
570 found buyers at prices rather under those previously
current for Green—Gunpowder, Canton went at is lid
to is 6kd, Imperial ditto 10d to 100. Canton, Young
Hyson bid to 11 d, and middling Congou, in half-chests
8d per lb. On Tuesday 4,000 packages of Tea will bo
offered at public sale.
RlCE.—East India has been in excellent request for
exportation this week, and the home trade have been
purchasers to a fair extent. The rates obtained are
equal to those previously current, but any advance has
been prevented in consequence of the market having
been more liberally supplied. For the lower sorts the
demand has been the most active. At auction 3,793
begs, and 2,456 pockets of Bengal were all sold. On
Tuesday 500 bags of Bengal, and on Wednesday 2,300
bags of Batavia Rice will be offered at public sale.
SPlCES.—Pimento finds a more ready sale, and full
terms. 554 bags at auction were all sold. holders of
Black Pepper are unwilling to make any further conces-
sion in the value, and refrained from submitting any to
public sale this week. Privately, however, the pur-
chases made have been limited in all sorts,
the export orders are unusually small. For
Cassia Lignea the market is very dull, and prices are
little better than nominal. At auction 54 chests
were taken in at 69s 6d to 70s for good thin quill. The
market will be better supplied shortly. Purchases to a
fair extent have been made in Cinnamon this week
upon the terms of the last quarterly sales, there is
also a less quantity on offer. Cassia Buds are dull of sale
at 752 to 80s. Ginger is little wanted by exporters, but
there is a good home demand. Of Jamaica 122 brls at auc-
tion went at 2114 s to 317 s for ordinary to middling. Cloves
have been dealt in with caution, and prices tend down-
wards. For Mace the demand is on the increase, and
prices are firm. For public sale next week 580 cases of
Cassia Lignea, 70 bags Cloves, 150 bags white, 500
black Pepper, 132 bags Pimento, 50 brls Ginger are de-
clh,red.

SPlRlTS.—Although Leeward Island Rum can be pur-
chased at a further reduction, still buyers have operated
with caution, and is 7d to is 7id is the value of proof.
For East India the market is in a dull state, and a de-
cline in the value is apparent is 5d to is 6d having been
taken. The demand for Demerara has been limited.
and 28 to 36 per cent over proof can be purchased at
2s 6d to 3s. For Jamaica the market has a dull appear-
ance, and the tendency of prices is to give way. The
market is well supplied with all sorts of Rum; there are
also further arrivals, and the deliveries are unsatisfac-
tory. The market for Brandy looks dull, and the stock
is getting larger: holders are desirous to sell. Geneva
met with a dull sale. For British made Spirit the
market is still firm at lOs 3d cash.

SAGO is more in request, and realises stiffer rates by
private treaty. At auction 165 boxes and 4 bags were
sold middling quality at 19s, good 19s 6d to 20s, and
fine at 20s 6d to 21s per lb. Sago Flour is in brisker
demand. Of Tapioca 110 brls at auction were sold at
6d to 6i-cl for fine.
COCHINEAL.—To-day at public sale 10 serous Mexican
Cochineal were sold at 3s 6d to 3s 7d for silvers, and at
3s 10d to 3s I Id for black, which is ld to 2d cheaper.
SALTPETRE.—To-day the market had a dull aspect for
Rough, and holders were desirous to realise. Two
parcels, amounting to 3999 bags Calcutta were offered
at public sale, when the whole was bought in upon rather
lower terms.
TALLOW.—This afternoon 664 casks of New South
Wales Tallow sold at 39s to 44s 6d ; 29 casks of
P. Y. C. 44s 3d to 44s 6d ; 313 casks South American
40s to 43s for low to fine ; 37 casks African 34s 6d to
40s 6d.

OlLS.—This afternoon the public sales of 50 tuns o
Sperm Oil went at 791 lOs to 831 for fair to fine; 01
Southern 90 tuns were sold at 2215+ to 241; 20 tuns 01
African Ground Nut 37s 6d to 38s.

THE LONDON GAZETTE.

(THIS EVENING.)

The Lord W
Chancellor H IT E
hasl IA LL , MAY 19.
appointed
Ge
George Moore, of
Bicester, in the county of Oxford, Gent. to be a Master
Extraordinary n the High Court of Chancery.
HORSE-GUARDS, JUNE 1, 1848.
Her Majesty does not
other
that the officers of the
army should wear any e
melancholy occasion of ther mourning on the present
death
Highness the Princess Sophia of her late Royal
the left arm, with their uniforms.
By an a black crape round
By command of Field Mar
Wellington, Commander in Chief
JOHN MACDONALD, Adjutant-General.
FOREIGN-OFFICE, AMY 31.
The Queen has been pleased to appoint Henry
Southern, Esq., now Secretary to her Majesty's
Lega-
tion at Lisbon, to be her Majesty's Plenipotentiary to
the Argentine Confederation.
FOREIGN-OFFICE, JUNE 1.
The Queen has been pleased to approve of Mr. George
Adolph Mullens, as Consul at Liverpool for his Majesty
the King of Denmark.
WAR-OFFICE, JUNE 1.
15th Regiment of Light Dragoons--Edward Harnett,
Gent., to be Cornet, by purchase, vice Bennett, pro-
moted, June 2.
11th Regiment of Foot Sergeant-Major David
Simpson to be Ensign, without purchase, vice Paterson,
appointed to the 63d Foot, June 2.
trls7th Foot—Lieutenant Henry Braddell Croker to be
;
Captain, without purchase, vice Hill, deceased
Ensign
John H. Lothian to be Lieutenant, vice Croker, May 18;
Gentleman Cadet Edward Courtney Geils Kenny, from
the Royal Military College, to be Ensign, vice Lothian,
June 2.
63d Foot—Ensign Falkland Townshend Logan Pater-
son, from the 11th Foot to be Ensign, vice T. W. Pater-
son, deceased, June 2.
64th Foot—Lieutenant Willoughby Harcourt Carter
to be Captain, by purchase, vice the Hon. G. F. W.
Yelverton, who retires; Ensign Charles Thompson to be
Lieutenant, by purchase, vice Carter; Augustus Apple-
whaite, Gent. to be Ensign, by purchase, vice Thompson,
June 2.
93d Foot—William George Drummond Stewart,
Gent to be Ensign, by purchase, vice Hay, who retires,
June 2.
2d West India Regiment—Quartermaster Serjeant