The Sun.
London, England, 1846-08-11 00:00:00

. EXCHANGES.
1 London 6 months sint

2s.
_OO. a 2s. Old,

,l 30 Jar.' ~,:ga. .
Calcutta at 60 d' . 5.6nr.... ..... ...
Madras at g 0 caYs' sight No quotation.
PRICES air BULLION.
Sovei erne, each
Bank of England Notes, per £
Spanish Dollars per 1004 . .... • Nominal.
German Crowns per 100 224 to 249
Sycee Silver per 100 tolas
Gold Leaf per tola
BANK SHARES.
Bombay Bank Rs. 430 to a 440 premium.
Oriental Rink, Rs. 1,000 each (500 paid up.) .
New Shares
1 Rs. 155 to 175
Old ditto 4
.... ••••••• .....
Agra Bank (Rs. 500).... ... Rs. 310 to 320
Bank of Madras ( „ 1,000) Rs. 300
GOVERNMENT SECURITIES.
Transfer loan
5 per cent. loan 1825-26 „ 107 to 110
4 per cent. loan 1832-33 „ 99 to 100
4 per cent. loan 1835-36
5 per cent. loan 1841-42
4 per cent. loan 1842.43 ,, 95

(From the Bengal Hurkaru of June 8.)
CALCUTTA COMMERCIAL REPORT.
EXPORTS:

The express of the 24th of April mail came in on the
4th instant, and the Hindostan on the following day. The
market advices are on the whole 'rather more favourable
than had been generally anticipated from the tenor of
previous accounts.
The general aspect of our commercial affairs has in no
respect undergone any change for the better, and our present
report must be merely a repetition of the last. Money is as
tight as ever, the Bank as stringent, and exchange up to
2s. 21. Most exports are lower, but still offer little induce-
ment to those who are in a position to ship, and the quantity
brought down on the first rise of the rivers will probably
cause a further decline.

RAILWAY COMMITTEES.

(YESTERDAY)

HOUSE OF LORDS.

Room C.
OLMI4II.IW, X•XV.LIZ.POOL, VIA.ZICHESTMIL,

AND ral-LNENEIZATI aUNCTXON.
(Continued from our Afternoon Edition of yesterday.)

Dlr. Chambers, land valuer, gaVe evidence as to the value of the
land and buildings required for the railway and the several stations
and depots on the line.
kir. Bake, land surveyor, proved the quantities of land valued by
the former witness.

Mr. Shorland, land valuer to the Corporation of Manchester, had
valued the land and buildings required for the line and its branches,
and his valuation agreed with that of the first witness called upon
this point.
Mr. Thornton, railway contractor, corroborated the estimate for
the construction of the works on the line.

Mr. Loftus, secretary to the Company, gave evidence of the amount
of capital, the number of local shareholders, the amount of deposits,
and other things connected with the pecuniary affairs of the
Company.

The Committee then adjourned till eleven to-morrow.

GREAT NORTH OF INDIA
RAILWAY.
Yesterday, at twelve o'clock, the proprietors of the above
Company held their ordinary half-yearly general meeting
at the Offices of the Company, 24, Moorgate-street. H.
Borrowdale, Esq., in the chair.
After the Secretary, Major Grafton, had read the advertise-
ment convening the meeting, at the request of the Chairman,
he read the following report
" The shareholders have been called together on this oc-
casion in compliance with the terms of the 17th clause of the
deed of settlement, which requires that an ordinary general
meeting of the shareholders shall be summoned once in
each half-year. The directors had hoped to be able
on this occasion to communicate some certain intelligence
respecting the decision of the Honourable East India Com-
pany, but up to this period no decision has been come to by
that body, at least none has been promulgated, and the di-
rectors can only await the receipt of information, and there-
fore summon a general meeting. The only subjects remain-
ing to be laid before the meeting are—the complete regis-
tration of the Company, the deputation of a director to
India, the state of the allotment list, and the state of the ac-
counts. he directors have succeeded in effecting a com-
plete registration of the Company, according to the pro-
visions of the English Joint-stock Act. The certificate was
obtained on the 29th of July last, and the Company is now
empowered fully to carry out in England the object for
which it was formed, and one of the directors (Dr. B.
Burt), late of the Bengal Medical Service, was deputed by the
directors to Bengal, for the purpose of disposing in India of
the shares reserved for that :country, organising a board of
management, obtaining a grant of the line, and otherwise pro-
moting the object of the Company. Dr. Burt, by the last
report, had succeeded in disposing of several thousand shares.
A draft of a short deed of accession had been sent out to
him, which would enable him to receive the signatures of
parties receiving scrip in India, and to transmit them to this
country for the purpose of being annexed to our deed. Of
the 80,000 shares into which the capital of the Company
is divided, 25,000 were retained for India, and are
now in course of allotment there by Dr. Burt. Of
the remainder 50,700 have actually been allotted to the
public in England, and there is only a reserve of 4,100 in
the event of the grant being obtained. Owing to the pressure
of business that devolved upon the board, consequent upon
the formation of a new company, and the employment of a
temporary secretary, they have been unable to bring the
accounts into such a shape as would admit of their being
audited, ready for that day's meeting, but they are happy
to be able to state that after all expenses have been paid,
including advances deputed to India, a very large propor-
tion of the sum realised for preliminary expenses will re-
main. The expenses of the management are upon the lowest
scale, and if a grant of the line should not be obtained,
the subscribers will have to receive back a fair proportion of
the sums obtained for preliminary expenses. As the decision
of the Hon. East India Company respecting the lines of
railway to be carried out in India may shortly be expected,
and upon that decision the ultimate carrying out of this
Company will entirely depend, the cirectors would suggest
that it is advisable to adjourn the present meeting for three
months, or till such time within that period when the decision
of the Hon. East India Company may have been made
known. The board have kept themselves in communication
with the secretary to the Hon. East India Company, and
have taken care to intimate their readiness to fulfil the great
object for which the Company has been formed.

"H.-116RROWDALE, Chairman.

" AUGUSTUS GRAFTON, Secretary.

Extracts from the report of Mr. Sims, the engineer, on the
practicability of railways in India, were also read; but it was
requested by the Chairman that they should not appear in
the public papers, as the report itselt belonged to other per-
sons, and was entrusted to them in confidence.
Captain CLARKE wished to know whether the East India
Company had reported?
The CHAIIiMAN—No company has received any answer
yet. They are pledged to us not to prejudge the question.
Captain CLARKE—Have you any idea of amalgamating
with any other society?
The CHAlstawi—That will depend on the fiat of the East
India Company. _

Captain.CaßKE—Have the directors consulted with the
East India Company on the propriety of amalgamating with
Larpent's Company ?
The CHAIRMAN—No; we consider our upper line excel-
lent, and their lower one altogether impracticable. But
everybody is ignorant of what the East India Company in-
tend to do, and the proprietors may rest assured the direc-
tors will not refuse any advantageous alliance.
Mr. KENNEDY then explained the route of the intended
railway, and stated that from Alahabad to Delhi, 440 miles,
was a sandy course, and it was agreed on all hands that there
was not finer ground in the world for making a line.
A PROPRIETOR wished to know who were the agents in
India ?

The CHAIRMAN—Messrs. Carr, Tagore, and Co.
The SECRETARY then read a memorandum of the capital
of the Company, from which it appeared that the directors
had received 8,816/. 55., out of which they had expended
2,8631. is. 5d., leaving about 5,3401. in hand.
The CHAIRMAN explained that they had sustained a loss
by 15,435 shares, allotted in England, not having been
taken up.
Captain BACK considered that the shareholders would act
wisely by taking them up, and that the directors ought to
take steps at once for forfeiting and distributing them
amongst the present scripholders. lie would move a resolu-
tion to that effect.

Mr. FRANKLIN seconded the proposition, which was carried
unanimously.
The report was then adopted unanimously, and after a vote
of thanks to the Chairman, the meeting adjourned.

MODE OF DISMANTLING OR DE-

STROYLNG FORTS AND FLEETS.

The following are the leading portions of a petition
recently presented from the Earl of Duudonald, Vice-
Admiral of the Blue:—

" That in consequence of a device baying been offered
to the notice of Parliament, whereby, as asserted, hostile
vessels of war could be destroyed at great distances, and
other enterprises speedily and effectually accomplished,
your petitioner, on the 2d of August, 1844, tendered to
the Right Honourable the House of Lords his secret plan
(maturely considered during more than thirty years) for
infallibly dismantling or destroying forts and fleets, of
whatever force or magnitude.
" That your petitioner previous thereto, in 1812. had
communicated the said dit covert' to his Royal Highness
the Prince Regent, who, having submitted the consider-
ation thereof to the high and eminent professional and
scientific men, imposed his command that the nature
thereof should be held secret, by reason of anticipated
danger to which the colonies might be exposed.
" That, your petitioner, after the accession of his late
Majesty King William the Fourth, again,:on rumours of
war gratuitously presented his important plan to the
Cabinet Councils of two Administrations ; and he has
reason to believe that the greatest military authority of
the age is cognizant thereof.
" That your petitioner could at various times have
used the said discovery to his private advantage, but
has ever reserved it for the service of his Sovereign and
country ; and with the same view now offers it to the
direction of your Honourable House, trusting that a
verification thereof will acquit your petitioner of the im-
putation of dishonourable motives and avidity for gain,
whether, prior, pending, or subsequent to such impu-
tations ; and thus show that the honours your petitioner
received from his Sovereign, of which he was de-
prived, and which have hitherto been withheld, are
rightfully due to your petitioner, as well as the sixteen
years' half-pay still retained ; which inflictions, added
to heavy costs, to an infamous sentence, to imprison-
ment, and fines, were all imposed, because the mind of
your petitioner, so pre-occupied, did not possess judicial
acuteness to detect a fradulent purpose in an intrusion
for which there existed another apparent, pressing, and
amply sufficient motive, known to your petitioner.
" That disreputable inferences, deduced from such
inflictions at home, have been deemed sufficient
to warrant great injustice abroad ; for the authorities
at Chile have awarded scarcely one-fourth of the debt
of honour due to your petitioner, for important, suc-
cessful, extra-official services. Whilst the Portuguese
Administration in Brazil (whose misconduct of affairs
and evil counsel subverted the otherwise revered autho-
rity of his. late Imperial Majesty) unscrupulously
refused to your petitioner even the balance of his
pay, after he had completely fulfilled his engagement,
and accomplished, in spite of superior force, the
arduous task of placing all the northern provinces
(being the largest and richest portiOn of that vast empire
under the authority of the legitimate successor to the