The Sun.
London, England, 1846-02-20 00:00:00

.THE SUN LONDON, FRIDAY EVENING, FEBRUARY 20 lB-16.

fore, he thought it would be wise to allow the matter to stand
over till the result was known. He might have erred in advising
that, but he did it for the best. The amalgamation did
not succeed, and to add to their embarrassment a bill in Chan-
cery had been filed against him and the other directors. Under
these circumstances several of the gentlemen who had promised
to pay back the money intimated that this altered the case,
and did not feel justified in doing so with that hanging over
them. The board of management never witnessed this trans-
action and considered the directors who had acted
in this matter alone responsible. The statement of
accounts was to the following effect. Received from
shareholders as deposits, 37,7371. ; paid for expenses and sane-
timed by the Board of Management, 12,080/. ; drawn out by
the parties to whom he had referred, to purchase shares at 2/.
each premium in the market, 21,321/. ; balance at the banker's,
4,3811. ; deficiency remaining unpaid, 7,500'. ; leaving a de-
ficiency on the total deposits of 3,189'. ; deducting the
21,3211. illegally expended, there would then remain a
balance in favour of the shareholders of 18,132/.
The Hon. Gentleman then entered into some particulars about
a dispute with their country solicitor, Mr. Gorbett, who was
making a claim fora larger amount than he (the Chairman)
considered right, and in consequence of which a sum of money
in the hands of the Bilsten Banking Company, amounting to
about 2,0001. belonging to the company, was attached in
the name of that gentleman. The Chairman concluded his
his address of which the above is but a sketch by sending
certain correspondence which had passed bets( een himself and
several of those who had been converned in using the Com-
pany's money to buy shares, expressing their regret for what
tt ey had done, and their willingness to make amends. A
w long and stormy discussion here ensued, in which
personalities were freely banded about. The principal point
elicited by it was from Mr. Garbett, that of the 21,3211.,
18,0001. had been expended at three different times to buy
shares at a premium in sums of -1,0001., 11,0001., and 3,000/.
The expenditure was made under the impression that the market
would improve, and that the money would be of advantage to
the Company.
In the course of the discussion great complaint was also
made of the other items of the expenditure, and especially to the
bill of Messrs. Yarborough and Adam, the solicitors to the
Company; but to that Mr. Yarborough replied that he was
Killing his bill should be taxed, or if a committee was appointed
' to submit all his charges to it, or to any respectable railway so-
licitor.

Ultimately, after Mr. TYLER, the party who has filed the
13111 in Chancery, hail explained that he did so on his own
responsibility to protect the shareholders, and that he
was willing to act with any respectable committee to
bring matters to a settlement, en the motion cf Mr.
Alderman COPELAND, 111. P.—A resolution was agreed to
that a committee of five be appointed to make a full investiga-
tion into all the affairs of the Company from the beginning, and
report the result to a future meeting.
This done, the names of the committee were agreed to, and
the meeting, one of the stormiest of the kind we ever attended,
broke up about half-past four o'clock.

ENGLAND.

ight's Gazette.)
7th and Sth of Victoria, gap.* for
.c 14th day of February, 1846.
'ARVIEN T.

Government debt • . 11,015,100
Other securities •• • • 2,984,900
Gold coin and bullion 11,177,282
Silver bullion ••• • .. 1,623,043

4 26,600,325
11. MARSHALL, Chief Cashier.
1846.

,EPAAT2IIE-NT,

Government securi-
ties (including Dead
Weight Annuity) • • 13,137,047
Other securities •• . • 22,251,906
Notes ••••••• • • • • • • • 6,674,075
Gold and silver coin.. 667,277

X 42,730,205
if. MARSHALL, Chief Cashier.
1846.

LNGE.--(TIIIS DAY.)
Gibraltar.. • • .... ......
Leghorn •.• • • 30 75
Genoa .. • ....... .. •• .. 26 10
Venice.
Naples
Palermo, per 1192,4
Lisbon.... • • .5234
Oporto •.. • • .... ••.. • • 524
ltio Janeiro • . .
ltahia
Buenos Ayres
New York, 21 days' sight
Philadelphia .. „

PRICES OF BULLION, PER OZ.
Foreign Gold in bars.. £3 17 9
Portugal Gold Coin .. 3 17 5
New I>oubloons ...... 0 0 0
New Dollars ••..• • • • 0 4
iilver in bars ..

Rowland Hill Blacker and Charles Earith, jun., ware-
housemen, Gresham-street, City.
John Dalton, grocer, Wandsworth.
James Knox, carpenter, Black Horse-yard, Bond-street.
Robert Kimpton, jeweller, Crescent, Jewin-street, Cripple-
gate.
Thomas Maginnis Taylor, merchant, Newcastle-upon-
Tyne.
James Birkett, tanner, Cockermouth, Cumberland.
Joseph Phillips, William Hague, and Samuel Hague, cot-
ton spinners, Mal.cliester.
',Charles Collins, yarn dealer, Kidderminster.
John Choyce Chambers, needle manufacturer, Ipsley,
Warwickshire.
James Milkier, innkeeper, Stourport, Worcestershire.
• Edwin Hoare, clothier, Painswick, Gloucestershire.
PRICE OF SCUAR.

The average price of Brown or Muscovado Sugar, the
produce of the British po:,Fessions in America, computed
from the returns made in :he week ending Feb. 17, 1846, is
355. 1 d. per cwt.

MARKET IN TELLIGEN CE
(From the London New Price Current of Feb. 20.)
St:clam—To-day the business transacted in West India
Sugar was limited, althow4h there were sellers upon easier
terms; the purchases amounted to only 236, and the decline
in prices during the week Is per cwt.
MAtAnTa-s.—This afternoon Mauritius Sugar met with
little attention, and 772 Lags at public sa'.e were cnly ill part
sold at barely former rates.
EAST INDIA.—This afternoon there were six public sales
of Bengal Sugar, comprising 6,098 bags of the white descrip,
tions of wl the principal part consisisted, only in part
sold, and the rates taken were in some c ises rather under those
previously quoted, but the brown and ydlow all found
at full prices.
FOI:EIGN.—Since our last report none has bean submitted
to public competition, although some parcels of Brazil and
Havannah have arrived. Holders decidedly have more con -
fidence and prices being moderate a material increase in the
demand, it. is expected. will shortly take place.
unF-FFE.--To- eay (here was little desire shown to operate
in Mocha Coffee, and 530 biles at auction were only in part
bd., at rather low, rates,

COCOA —lltiti.h Plantar ion has been purchased with more
freedom this week. but holders have been compelled to ac-
cept previous reduced rates.
TEA.—Although the cotrumption continues satisfactory,
still an improvement has taken place in the value of black or •
green Tea; which is to be principally attributed to the
large stock at this port.
SPlOES.—This afternoon Black Pepper was more sought
after, and 300 bags of Sumatra at auction were ::old at full
rates. 36 bags of Nutmegs in the shell were taken in at
Is 3d for bold.
SPIRITS —To-day several purchases were made in Calcutta
Bum and Is 9d to is 91d per gallon were the rates paid for
proof of good clean quality, with certificate It is difficult to
purchase proof Leewards under 2s per gallon.
MOLASSES.—Prices are sustained for West India, but there
are, at present, not many purchasers to be met with.
RlCE.—Holders of Bengal have been unable to obtain
better prices, although the supply at market is small ; there
has, however, been a good business transacted privately.
SALTPETRE.—Rough is still attiacting atten' ion, and by
private treaty several parcels of Calcutta have been disposed
of at stiffer rates.
afternoon at public sale 660 casks of New
South Wales Tallow were offered, and chiefly sold, but at
rather lower rates.

Ons.—This afternoon the market was abundantly supplied
with Southern Oil, the quentity brought to public sale
amounting to 230 tuns; the chief part sold, but at a decline
on previous rates of 5s to lOs per tnn.

IM PE RIA L PARLIAMENT
(THIS EVENING.)

HOUSE OF LORDS.

The Earl of SHATTESBURT, in the absence of the Lord
Chancellor, took his seat on the woolsack at Five o'clock.

THE CORN-LAWS.

Lord FEVERSHAlllpte;eniCdTtittY-I:fx petitions from the
North Riding of Yorkshire, against the repeal of the corn-laws,
and in favour of protection. The petitions were signed by
landowners, tenant-farmers, merchants, millers, manufacturers,
tradesmen and mechanics, and others in the townships of G Ribs-
borough, Pickering, Easingwo'd, and forty-two other town-
ships in the North Hiding. He (Lord Feversham) concurred
in the views and sentiments of the petitioners, said he viewed
with alarm the measure brought in in the Lower Honse of Par-
liament, and they prayed their Lordships when the Bill was
sent up to that House that they would not assent to it. They
alluded also to the practices of the unconstitutional body calling
itself the Anti-Corn-luw League. He considered that if the
sense of the country were taken, it would be found that the
prevailing opinion was in favour of protection.
VAN DIEMEN'S LAND.

Lord LYTTLETON requested the Marquis of Lansdowne
to pospone his motion on the subject of Van Diemen's Land,
which stood for Thursday next, to a future day, as further
papers relative to the matter were about to be presented.
The Marquis of LANSDOWNE postponed the motion to
Monday week.

tice and not of principle. He could not ray at the
rent moment.. Whether the Government intended to intro-
duce any measure on the subject.
Lord STANLEY thought it would be impolitic to adopt the
prayer of the petition.
After sonic observations from Lord MONTEAGLE the peti-

tiou was ordered to lie on the table. The Earl of KINNARD
gave notice of his intention, on Monday next
submit a question to the Government with respect to the
proceedings of the Broad and Narrow Gauge Commissioners.
Earl ST: GERMANS said he wished to introduce some verbal
amendments into the Bill he had brought in the other night
with respect to the pacification of Ireland. He tr2lieved that
the proper course would be to move the reprinting of the Bill
with the amendment.

Lord C'AMrn►r.LL suzgested that the proper course would be
:o withdraw the Bill and introduce a new one, containing

he amendments.

Earl ST. GEaMANS adopted this suggestion, and the Bill
was read a first, and ordered .to be read a second time on
..hionday.
Their Lordships then adjourned till Monday.

printed form, befcre any proposition could be laid before the
House.

Mr. HUDSON said it appeared to him that the diffi-
culty complained of might be obviated by appointing
two or three additional Committees to take these Bills
into their immediate consideration, but he would throw
it out for the consideration of the House whether
time and expense could not be saved by assimilating the stand-
ing orders of the House of Commons and the House
of Lords. After a Bill had gone through one
,Standing
Orders' Committee, it was unnecessary to carry it through
another. Under the present system great inconvenience
was inflicted on the promoters of railways without answering
any national purpose. Considering the great number of railway
Bills before the House the assimilation of the Standing Orders
Committee of both Howes would be of great advan.age, inas-
much as it would save a great deal of unnecessary expense.
The motion was then withdrawn.
BOROUGH OF WIGAN.

The SPEAKER said he had to state to the House that he
had received a communication from the Hon. George Lindsay,
in which he declared that it was not his intention to prosecute
the petition against the return of the Hon. Member for the
borough of Wigan.