The Sun.
London, England, 1848-12-11 00:00:00

Per Slbs.ie sink the offal.

s. d. to s. d. s. d. to s. d.
Inferior Beasts 3 4 3 8 Second qual. Sheep 3 6 4 0
econd quality 310 4 2 Coarse-woolled ditto 4 2 4 6
Prime large Oxen 4 2 4 4 Southdown 'Nether 4 8 8 0
Prime Scots
Large coarse Calves 3 6 4 2 Large Hogs .. •... 3 10 4 4
Prime small ditto
luckling Calves .• 17 0 24 0 Quarter old Pigs ..16 0 21 0
nferior Sheep • • • 3 0 3 4 Lambs .......... 0 0 0 0
TOTAL SUPPLY AT MARKET.
Beasts. Sheep. Calves. I Pies.
I 5,942 23,840 124 200
FOREIGN SUPPLY.
I 2, Sheep. I
57Calves. I rigs.
650

Beasts.
304

NEW-GATE AND 16Z 11.31 E rifIELEUL3I..
Notwithstanding the prevailing warm weather for the
time of year, the arrivals of Meat tor these markets from
Scotland and different parts of England continue on an
extensive scale. Since Monday last there have arrived
about 800 carcasses of Beef, 2,200 ditto of Mutton, 480
ditto of Veal, and 3,750 ditto of Pork, in, for the most
part, fair average condition. The supplies on offer.
slaughtered in the metropolis have been large, and of
tolerably good quality. Prime Beef, Mutton, Veal, and
Pork, have commanded a steady sale at full rates of cur-
rency; otherwise, the demand has been in a sluggish
state. About 500 carcasses of Foreign Meat, killed its
London, have been disposed of. From Hamburgh, 27
baskets of Beef and 15 ditto of Pork have come to hand.

At per stone by the Carcase.
s. d. to s. d. s. d. to s. d.
Beef ,inferior...... 2 2 2 4 Mutton, inferior •• 3 2 3 4
- middling .... 2 6 210 ' middling.. 3 6 3 8
- primelarge .. 3 0 3 2 prime •••• 3 10 4 4
- prime small •• 3 4 3 6 , Pork, large ••••• • • • 3 6 4 4
Veal• ••• • • .... •• .. 3 4 4 41 - small 4 6 4 8
BOROUGH AND SPITA.LFIELDS.

The arrivals of Potatoes, coastwise, during the past
week, have been very limited, and of middling quality.
The fresh supply by railway has somewhat increased.
The imports trom abroad have comprised 940 bags from
Rotterdam, 705 ditto from Antwerp, 407 ditto from
Calais, 610 tons from •Rouen, 130 ditto from Hamburgh,
147 bags and 68 tons from Havre, 10 baskets from
Oporto, and 30 tons from Bordeaux. The best sam-
ples are in steady request at full prices, but all other
qualities are easier to purchase. Yorkshire Regents,
120 s to 160 s; Scotch ditto, 110 s to 130 s ; ditto Cups,
703 to 90s; ditto Reds, 60s to 90s; ditto Whites, 70 to
80s; French Whites, 80$ to 95s ; Dutch ditto 70s to 80
per ton.

BOROUGH BOP MARKET.
Although our market is very moderately supplied with
most kinds of Hops, the trade is in a very sluggish state.
Selected parcels of the present year's growth are selling
at full rates of currency. In other qualities scarcely
any business is doing. New Hops—Sussex pockets,
215 s to 21 18s; Weald of Kent ditto, 218 s to 3155; Mid
and East Kent ditto, 21 12s to 5/ 18s per cwt.
WOOL.
During last week the imports of Wool into London
were composed of 70 bales from Hamburgh, 600 ditto
from Sydney, 134 ditto from Port Wellington, 30 ditto
from Gibraltar, and 100 ditto from other quarters.
There is a slight improvement in the demand by private
contract, at full prices.
TALLOW.

We have again to report a very heavy demand for
Tallow—the stock of which to-day is upwards of 32,000
casks, at further depressed currencies. The chandlers,
though by no means largely in stock, are not disposed
to buy to any extent at present prices. P.Y.C. on the
spot is selling at 44s 6d to 448 per cwt. Scarcely any
business is doing for forward deliver. Town Tallow,
441 6d to 45s 6d per cwt. net cash ; Rough Fat, 2s 6id
to 2s 7d per 81bs.

CHANCERY.-(THIS DAY.)
The Lord Chancellor sat in the Old Hall, Lincoln a
Inn, to-day, and heard appeals.

THE EAST LANCASHIRE RAILWAY COMPANY V. THE
LONDON AND NORTH. WESTERN RAILWAY COMPANY.-

JUDGMENT.

The LORD CHANCELLOR 'gave judgment today on
this case, the arguments in which were concluded on
Saturday.
The question involved in the case was the duration
of an agreement entered into between the Blackburn
and Preston Railway Company (now incorporated with
the East Lancashire Railway Company, and the London
and North-Western) for the use of a portion of their
line. The plaintiff's having instituted proceedings in
Chancery against the defendants to compel the perform-
ance of the agreement, the defendants put in a general
demurrer to the bill, alleging that the instrument was
determinable at the will of either party. The Vice-
Chancellor Knight Bruce, before whom the question was
argued, allowed the demurrer, but the plaintiffs,- con-
ctiving that the agreement was permanent in its cha-
racter until both parties consented to annul it, appealed
from that decision; and upon that appeal the Lord
Chancellor now gave judgment. His Lordship, after
going at some length into the case, ordered the judgment
of the Court below to be reversed, and the demurrer to
ba overruled.—Demurrer overruled.
IOSELEY V. BAKER.

This case came before this branch of the Court upon
appeal from the decision of the Vice-Chancellor Wigram.
The suit raises a question of the utmost importance to
the members of building societies formed under the sta-
tute 6th and 7th Wm. IV., chap. 32.
It appears that the societies are usually composed of
two classes of members, what are called the non-purchas-
ing and the purchasing members. This was the consti-
tution of the society with respect to which the suit arose,
and which was a society established at Hoxton, and
called the Equitable Provident Association. The plain-
tiff was a purchasing member, and in April, 1845, had
bought 12i shares in the society, upon which the society
gave him an advance of 7501. on the security of some pre-
mises at Hoxton, and which 7501. was to be taken as pur-
chase money by the society of the plaintiff's right to the
value of the shares at the dissolution of the society. The
plaintiff afterwards became desirous of paying off the
amount of this advance, and releasing his property from
the charge, and the question was as to the terms upon
which he could redeem his estate. This depended on
the terms of the security, and on the rules of the so-
ciety. The 58th rule, which expressed the terms of the
loan, was as follows:—" that in the mortgage the usual
covenants for insurance shall be inserted. It shall be
specified that in case the said member shall at any time
thereafter fail, neglect, or refuse for six monthly nights
to pay all or any of his or her subscriptions, payments,
and re demption-moneY, or to observe and perform all
or any of the regulations on his or her part respec-
tively to be paid, observed, and performed, then the
trustees for the time being shall appoint a person
or persons to collect the rents and profits of
the premises therein mentioned; but should the same be
insufficient to satisfy the purpose aforesaid, then the said
trustees shall, without the concurrence or consent of such
member, absolutely sell and dispose of all or any part of
the said premises, either by public auction or private con-
tract, for the most money than can be had or gotten for
the same, and shall receive the purchase-money arising
therefrom; and at such public sale the trustees, or one of
them, or some other person to be appointed by them or
him, in writing, shall be allowed to buy in the premises
on behalf of the association, and to resell the same
without being answerable for any loss to be occa-
sioned by such resale, but that it any loss should be oc-
casioned by such resale, it shall be borne by the mort-
gagor; and out of the money to arise from such collec-
tion of rents and profits or such sale as aforesaid the
trustees for the time being shall in the first place dis-
charge all costs, charges, and expenses which may be
incurred on account of such collection of rents, or sale
or sales, or in anywise relating to the trusts therein con-
tained; and, in the next place, shall retain and reimburse
themselves and the said association all such principal,
subscriptions, and other payments as shall bo then due,
owing, and payable by such member, under and by vir-
tue of ;these rules; and ,the mortgage and the moneys
so retained for the said association shall be imme-
diately placed at the bankers' to the account
and for the use and benefit of this association, and they
shall pay the surplus (if any) arising frem such sale cr
collection of rents to the said member, or to such other
person or persons as he or she shall by writing under
his or her hand direct or appoint to receive the same.
That in case any mortgagor shall be himself the actual
occupier of any premises mortgaged to this association,
then and in such case the mortgage deed shall contain a
stipulation that he shall become tenant to the trustees at
a rent which shall be sufficient to cover the amount of
his yearly payment, and the trustees shall have power
of distress as in cases of landlord and tenant, and with
the money to be produced by such collection of rents,
issues, and profits on such sale, the trustees for the time
being shall, in the first place; discharge all costs and
expenses which may be incurred on account of such col-
lection of rents, or sale or sales, or in anywise relating
to the same." In this case the monthly payments to be
made by the plaintiff where 10s. per share as the sub-
scription, and 4s. per share as :redemption moneys,
making in the whole SL 15s. per month. There were
also fines imposed in cases where the monthly payments
were not punctually made ; and fines to a considerable
amount had, it appeared, been incurred by the plaintiff.
The 62d rule, expressing the term of redemption, was as
follows:—" That if any member of this association shall
be desirous of paying off and redeeming any security or
securities which he or she shall have given to this associa-
tion, and shall give notice of such his or her desire to the
manager, the directors shall allow such member the pro-
fits of his share or shares made up to such time, and
shall make a deduction of such profits and of the
amount of subscriptions paid in by such member from
the full amount expressed to be secured in and by the
mortage; and the directors are hereby authorised and
empowered to receive the balance either in one pay-
ment, or by such instalments as the directors and the
member shall agree upon; and on payment of the ba-
lance, together with all fines due in respect of such
share or shares, the directors shall authorize the trustees
to deliver all deeds and other documents in their custody
Irelating to the mortgage so redeemed to the
member, and at his or her cost endorse a receipt
or acknowledgment of payment on such mortgage,
according to 6 and 7 William IV., chap. 32." When
the case came before the Vice-Chancellor Wigram
it was argued on behalf of the plaintiff that, upon the