The Sun.
London, England, 1846-05-05 00:00:00

ARTICLE IV.

Lord, 1846, corresponding with the 17th day of Rubbee-001-awnl,
1262, liljree.
(Sd) Goolab Singh (L.S.)

(Sd) H. lILaDINGE, (L. S.)
(Sd) F. Mum,
(Sd) H. M. Lawsziscs.
By order of the Eight Honourable the Governor-General of India.
(Signed) F. Cultism,
Sec. to the Govt. of India, with the Gov.-Cien.
[True Extracts.] (Signed) F. Cultism,
Sec. to the Govt. of India, with the Golf: Gen.
!!TIDE.
The army which had quitted Sukkur in the beginning of February,
and at the date of oar last had reached BahawulPore, has now
been entirely broken up. General Hunter and two batteries
of Artillery, H.M.'s 17th, and 12th NJ., marched for Sukkur on the
morning of the 12th; the 2d troop of Horse Artillery, H. 2.1. s 86th,
and the 18th N. 1., took their departure for the same place on the 14th.
The Bengal troops hate all moved on in the direction of FerozePore.
The following is the disposition of the troops in Sinde for the ensuing
season :—Siikkur, Shikarpore, and the frontier; Ead.'s 17th, four re-
giments of N. 1., a battery, the camel corps, a regiment of cavalry, the
sioge train, and pontoon bridge. The Bundelkund Legion marches
at once on Bahawulpore. At Itydrabad : four native corps, a bat-
tery, a detachment of sappers and miners, and the Sinde horse. At
Jerrack : the baggage corps. At Gharra : a regiment of native in-
fantry. At Kurrachee : three European corps, four ditto, a troop
of horse artillery, three European batteries, and head quarters
sappers and miners. A rumour has all at once sprang :up in vari-
ous parts of India, that Sinde is to be abandoned : that it is to
be returned to the Ameers : that the portion of it north west of the
Indus is to be exchanged, or finally that its Government in an in-
dependent form will be abdicated so soon as Sir C. Napier retires.
These things have been hinted at at Calcutta, whispered a Delhi,
and half affirmed at Serampore, and at Bombay it has been ad-
mitted that is some shape or other some credit is to be attached to
them.

Since the above was in type the following interesting letter has
reached us :

" BAHAWIJLPOOR, Dams 13, 1846.
" Sir Charles Napier is reported to have been greatly pleased with
his reception by the Governor-General, though he must have been
not a little disappointed at arriving too late for all the fighting.
Sir Henry took him up on a grand review day, and pre-
sented him to his old regiment the 50th, who received him
with three cheers. He was expected to leave Lahore on his
return to Sinde on the 18th ; and as he seldom allows the grass to
grow under his feet, he will be here very shortly to re-assume the
government of Sinde from General Simpson."
" I forgot to mention that General Hunter returned with the
Queen's 17th and 12th N. I. to re-assume, far the present, the com-
mand of Sukkur, and that the last of the Bengal troops are to march
from this to-morrow towards Ferozepore."

RAILWAY COMMITTEES.
(YESTERDAY.)

HOUSE OF LORDS.

TUE xffrazstscs, ENNIS, AND ICILLAMOE
3"ITNCTION, THE GREAT MUNSTER, AND
TIIN TErirpzzazoltz AND NENAGH.
_ _ _

The Committee appointed by the House of Lords to investigate the
merits of these recommitted Bills commenced its sittings_at twelve
o'clock ; Lord Kenyon, chairman.
It will be remembered that these Bills were at a former period
brought before the same Committee, and there having been no op..
position, they were all three passed and reported as such by the
Noble Chairman. Subsequently, however, they were ordered
to be recommitted for the purpose of selecting such
of the lines as were most calculated to benefit the district through
which they proposed to run, the whole three partly competing.
Mr. Austin, Mr. Talbot, Mr. Cockburn, and Mr. Murphy, appeared
for the promoters of the Great Munster Railway.
The Committee then decided to take the longest line as the first
into their consideration, and accordingly the first case opened
was the

There has scarcely been a single occurrence of a local nature to
report during the past fortnight. Sir George Arthur, we are happy
to say, is fast recovering from the effects of kis late severe indis-
position, though as yet he is unable to attend to his public business
with that zeal and perseverance whieh have characterished his rule
in Bombay. A report has been in circulation that Sir George in-
tends shortly returning to England.

MILITARY INTELLIGENCE.
Casualties by death in the armies of India reported since the de-
parture of the last mail, 16th March—
Boxisar.—Mr. T. liefferman, Acting Deputy Assistant Commissary
of Ordnance, at Kurrachee, on 21st March.
MADILAS.—Lieut. H. R. G. Dallas, 33d NJ., at Budoor, on the
28th Feb. ; Lieut. I. F. Erskine, 2d NJ., at Palmanalr, on the 10th
March ; Lieut. M. W. Isaacke, 7th Cavalry, in the Madras Reads,
oa the 15th Feb.

Bnzosz.—Sargeon J.:Menzies, 4th CaTah7, at Raughapursuts, on
be 19th Feb.

COMMERCIAL INTELLIGENCE.
THE BOMBAY MARKNT.
(From the Chamber of Commerce Illeerland Price Current.)
BOMBAY, APMI. I.—The completion of our political arrangements
with the Punjanb appears to have produced some effect on the market
for British imports, indications being apparent of a return of the
state of things which was interrupted by the occurrence of hostilities.
The improvement, however, has been as yet confined to an Increase
in the demand for certain descriptions of goods—the little actual en-
hancement of prices having (save in a few instances) been obtained.
Money is still scarce for commercial purposes, but the natural effect
of the conclusion of the war has been to raise the value of the Go-
vernment securities, and inspire capitalists with a higher degree of
confidence than they previously experienced. On the whole, the
business of the past fortnight has been limited in extent, considering
the season of the year.
Metals—There has been a slight improvement in the value of Bri-
tish bar iron, but the stocks being small, and the prospects of the
market good, holders have evinced no inclination to sell at the prices
now offered. Swedish bar has also slightly advanced, but we hear of
no sales. In nail rod and sheet we observe no change, but the latter
is in Improved request. In hoop we hear of a sale of 310 cwts. at
7rs. per cwt.—an advance of of a rupee on our last quotation.
Nails are also a shade higher, but we are informed of no transactions
in them. The market for copper has exhibited little activity, and
prices, with the exception of those of nails and South American,
have all somewhat declined.
In steel there has been nothing doing, and the article, in faggots,
is somewhat lower than before ; in tubs it is without change. Pig
lead is unaltered in value, but sheet is dull of sale, and has slightly
given way. We have heard of no transactions in quicksilver,
spelter, or tin plates ; we quote the first-named article, however,
rather higher than on the departure of the last mail.
Cotton Manufactures—There has been a fair inquiry since our last
for middling qualities of gray jacconets and Madapollams of light
fabric, as also for the finer qualities of gray shirtings, but the prices
offered, though slightly improved, have not been such as holders
have deemed it expedient generally to accept, and transactions have
consequently been limited. Stout gray domestics, and fine bleached
shirtings and jacconets, have been in good request at advanced
prices, but stocks being small, but few sales have necessarily taken
place. For blew hed Madapollams there has been but little demand,
and prices exhibit no improvement. Lappets and mulls of fine qua-
lity have been in some request, but low fabrics are dull of sale. We
observe no improvement in the market either for dyed or printed
goods, and the sales which have taken place in them have been
chiefly forced cnes, at low prices.
Yarns—The transactions in yarns since our last have been incon-
siderable, and if any change can he said to have taken place in prices,
they have exhibited a downward rather than an upward tendency.
There has been little inquiry for any but superior qualities. The
only sale in mule twist of which we have been apprised is one of
2,8001 b., No, 50, at 103 i annas per lb. ; and in water we hear of the
following :
No. 30, 4,5001 b. at anus 9 per lb.
No. 40, 3,2001 b. at " 10% per lb.
No. 40, B,ooolb. at " 11% per lb.
In dyed yarns we hear of nothing doing, and prices are nominally
as before.
Woollens—There has as yet been no revival in the demand for
these goods, and the market continues in a very depressed state.
Marine Stores— Black paint and pitch have given way in price ;
other articles remain as last quoted. Stocks are generally abundant,
and the demand slack.
Beer—The new brew not having yet begun to arrive, • transactions
have continued to be confined entirely to retail sales. We quote All-
sopp's and Bass's nominally at 60 rs per hhd.
Spirits—These are without demand, and the market Is overstocked,
particularly with brandy.
Red Lead Ls unchanged in value. White appears to have some-
what declined.
Onnhine.l_A finial] importation has A rg, par ru.
Saffron is dull of sale. and_aomewhat lower in value. We are in-
formed of a sale of 40 lb. at rs. per lb.

The limits of the territories of Maharaja Ohoolab Singh shall not be,
at any time, changed without the concurrence of the British Go-
vernment.

ARTICLE V.
Maharaja Ghoolab Singh will refer to the arbitration of the British
Government any disputes or questions that may arise between him-
self and the Government of Lahore or any other neighbouring state,
and will abide by the decision of the British Government.

ARTICLE VI.
Maharaja Ghoolab Singh engages for himself and heirs
to join
with the whole of his military force the British troops when
em-
ployed within the hills, or in the territories adjoining kis
ARTICLE VII. possessions.
Maharaja Ghoolab Singh engages never to take, or retain, in his
service, any British subject, nor the subject of any European or Ame-
rican State, without the consent of the British Government.
ARTICLE VIII.
Maharaja Goolab Singh engages to respect, in regard to the terri-
tory transferred to him, the provisions of articles V., VI., and VII.,
of the separate engagement between the British Government and the
Lahore I)urbar, dated March 11th, 1846.
ARTICLE IX.

The British Government will give its aid to 'Maharaja Goolab
Eingb in protecting his territories from
LE e external en tni es.
ARTICX.
Maharaja Golab Singh acknowledges the supremacy Of the
tish Government, and will, in token of such supremacy, present an-
nually to the British Government one horse, twelve perfect shawl
goats of approved breed (six male and six female), and three mr.
of Cashmere shawls.
This treaty, consisting of ten articles, has been this day setioa
by Frederick Currie, Esq., and Brevet Major Henry Montgomery
Lawrence, acting under the directions of the Right Honourable
Slr Henry Ilardinge, G.G.8., Governor-General, on the part of the
British Government. and by Maharaja Golab Singh in person, and
the said treaty has been this day ratified by the seal of the Right
BM
_Sir Henry Mud/mg% G.C.8., Governor-General.
Done at Vuutteor, thbi 16th day of March, la the year of Our

TII E SUN, LONDON, TU'ESDAY_MORNING, MAY 5, 1846.

way desired by the promoters if no considerable injury could be shown
by the opponents.
Mr. Sergeant BELLisis admitted thathe could not do so, as the
line (as now altered) stopped short of hisclient's property.
The Committee then decided that tin preamble of the Bill was
proved, and the clauses were afterwardsa,greed to.
SLAMANNAN (BATNO/3TE AND JAW-
cpaLta, szumenzs).

This Bill was unopposed. The formalproofs having been given
in,TthheeoCbojeet of the Bill was to give aulitional accommodation tommittee passed the preamble.
the minerals of the district. The Jaweritg branch was already com-
pleted, and the Bathgate (four miles flirt furlongs) was proposed to
be made at an estimated cost of 60,0001. .
The clauses were passed with some vebal alterations.
The Committee then adjourned. .

because these ceased to be officers prior to the project coming before '
Parliament. The several solicitors and other parties engaged had
been paid on the same principle.
To Mr. HOPE, Mr. Noyes replied that he had received notice of
Mr. Duncombe's resolutions on the Thursday, had attended a long
board on Friday, the returns were all ready by Saturday night, and
made to the Company on Monday morning. He then went through
the whole routine of the facts, showing that he had made all the re-
turns of the present Company, whether financial or otherwise, but
had omitted those matters which referred to the proceedings
prior to the amalgamation, because he considered them
to be non-exiatente, and not consequently required by the Committee.
Mr. Rogers, called by Mr. Elora, one of the joint solicitors of the pre-
sent line, stated that he had been a solicitor for the Reading and Guild-
ford line. and that the original capital had been 600,0001. in 30,000
shares of 201. each. But it was originally contemplated to amalga-
mate this line with some other lines, and a certain number of shares
had been reserved, in consequence of communication with the Great
Western and the South Western Companies. They had issued
23,000 shares, of which 19,000 had been paid upon, the deposits
paid which amounted to about 39,0001. The application for
shares amounted to a request of 150,000 shares. He confirmed
further, the evidence of Mr. Noyes respecting the amalgation,
especially with respect to the balance of 21,0001., handed over from
the Reading and Reigate Company to the Reading, Guildford, and
Reigate Company, the present promoters. There was a deed of
amalgamation prepared, but there was not time to sign it previously
to the deposit of the documents.
To Mr. HOPE, on re-examination, Mr. Rogers stated that the ac-
counts were made out with a view to winding up, the usual course
being to leave the settlement of the engineers and solicitors' accounts
until the rejection or passing of the Bill.
After some conversation, Mr. HOPE proposed to call Mr. Burke,
the Parliamentary agent, but that gentleman not being able to attend,
the Learned Counsel proceeded to sum up the evidence to the committee,
and said there appeared to have been three Companies, the London
and Brighton Company having projected a line between Reigate and
Dorking. This had also been done by the South-Eastern Company.
Between this Company and the present promoters there had been
an amalgamation. The two points relied upon by the opponents
were, that in the first place the directors had, contrary to the usual
plan, refrained from taking so large a share of the plunder as they
were entitled to ; and, secondly, that the names of the several parties
had not been put in, as required by Mr. Duncombe's resolutions and
the Joint-stock Act. There had been but one Com-
pany from the first, and his only regret was that
the full circumstances had not been stated to the
Committee, in the first instance, for two days' examination might
thus have been saved, and the Company would ha' e stood in a bet-
ter position than it did now. The Learned Gentleman then went
through the facts alluded to in the several reports which have ap-
peared in The Sun. It appeared the almost invariable practice in
the two companies to put clauses in their deeds, giving powers of
amalgamation, which is most cases were acted upon. The points
to be considered were, that the original capital should be
800,0001., with power to increase the amount to 1,200,0001., with
authority to raise any inferior amount of capital. Thus
they might fix the number of shares and raise the capi-
tal ; and then increase the cumber of the one, and raise the amount
of the other. Then there was the power to enter into arrangements
either with landowners or with parties engaged in other Companies,
either temporarily or in perpetuity, and subject to such conditions as
they thought fit. Under those powers he held the authority to be
perfectly clear to amalgamate, and merge, and engage with other
companies. This was the custom in all railway companies. They
had again the right to admit other shareholders into their company,
and under these powers they had entered into arrangements with
, the Reading and Reigate Company, to admit the share-
holders and allottees into their body. This was the admission
of the proprietors in a dissolving or dissolved company,
Such was the case with the present promoters. Then with respect
to the Reading and Reigate Company, these were, under clauses
three and four, corresponding powers given to the provisional
directors of that Company. Then under clause 24 power was given
to the directors to enter into any arrangement with other Companies
for the sale, lease, or amalgamation of the line. The powers were

correspondent between the two companies, and these powers ap
peared to have been made to meet the objections that might be
raised on the amalgamation with 'other companies. Then there
was power to vary or abandon the undertaking. Under
clause 28 there was the power to pay the clerks, and all
ottier subordinates, whether of their own company, or of any
company with which they might amalgamate. He dwelt on this
because his Learned Friend (Mr. Hill) had dwelt on this as being
altogether a fictitious power; but he (Mr. Hope) must positively
declare that there was every right between partnerships to unit;
under the provisions of the several Acts. And if his Learned
Friend denied this right, he must trouble him to cite the Act and
the case on which he• relied. It should be observed that, after the
amalgamation, there had been a general meeting of the share-
holders held, in which the terms were clearly and definitively ap-
proved. The whole of the affair had been managed so as to make it lite-
rally and legally correct. The question, therefore, was one whieh re-
spected either the strict law of the case, or the bone fides of the partes.
Before the Standing Orders Committee the rule was one of strict law.
In either view the promoters contended that they were correct and
justified. Then as regarded the trusteeship, they had never any in-
tention of concealing from Parliament that the signatures of the
directors were trust signatures. Had they been otherwise, there
would have been an appearance of fraud, inasmuch as it would have
seemed that the directors were signing for parties who had no right
whatever to the scrip, and that therefore those directors had been
acting simply upon selfish motives. Then as to the possession of a
larger sum than was actually necessary to meet the exigencies
of the case, he thought that this was one of the last
objections which Mr. Duncombe himself would make. The
next point was the question respecting the authority to
act under the directors of the amalgamated company,
and upon this point he might observe that the company appear in
this matter to have anticipated the resolutions of the House respect-
ing the dissolution or the amalgamation of companies, and had ob-
tained the authority of both sides for the confirmation of their pro-
ceedings. It was unquestionable that the majority of the acting par-
ties were persons interested in the country through which the line
was to pass, and of undoubted wealth and respectability. As to the
difference between the large and the smaller scheme, it was one of
name only. With no exact rules to shape the evidence before Mr.
Duncombe's resolutions came out, it was impossible to tally the lists
of the allottees and the shareholders. But this had, in fact, been
done, and all the necessary officers had been specified.
After reprobating the opposition as vexatious, unless a case of
fraud had been alleged, or could be alleged, against his clients, the
Learned Gentleman concluded his observations, and was followed by
Ma. HILL, Q.C., who said that the real question was, whether the
rules of the Standing Orders' Committe had been complied with. It
was not for speculators to judge whether this or that fact should be
adduced, but it-was their duty to comply with all their direc-
tions, and then it was for the judgment of Parliament to consider
whether the Bill should pass. He would not retract what he had
said with respect to Mr. Noyes on Friday, but notwithstanding
the ingenuity of his Honourable .Friend, he still asserted that
It would be impossible to discover from the returns on the table
of the Committee that there was any such company as the Reading
and Reigate Company in existence. The Learned Counsel then went
through the different points of Mr. Hope's speech, especially
dwellling upon the fact that the deed of amalgamation
had not been completed, and the character of the trusteeship under
which the Provisional directors had signed the deeds. The Learned
Counsel then went at considerable length into these points, urging
that the discrepancy between the returns and the evidence must in-
validate the claims of the promoters. He then read the clause of
the Reading and Reigate deed to prove that the promoters were pre-
vented from amalgamating with other companies, except the Lon-
don and Croydon Company, and others also, and contended on that
ground that the directors had no general power of amalgamation
with other companies.
the Speaker was at prayers, and the Committee adjourned till to-
morrow at twelve.

GROUP XVIII.
The following Bills are comprised in this group :
Wilts, Somerset, and Weymouth.
London, Newbury, and Bath.
London and Salisbury and Yeovil Junction (two Bills).
Exeter, Yeovil, and Dorchester.
Exeter Great Western.
London and South-Western (Basingstoke to Salisbury).
Somersetshire Midland.

The Committee to whom they had been referred met this after-
noon in Committee-room No. 35, present Mr. B. Dennison (in the
chair), General Evans, Mr. Redhead Yorke, Mr. Hamilton, Hon. G.
Fitzwilliam.

. SOMERSETSIIIRE MIDLAND.
The formal proofs were given with respect to this Bill, but the
further hearing of it was adjourned until to-morrow.

GROUP XXVII.

This Committee re-assembled this morning at the usual hour; Bir
Charles Lemon in the chair.