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AUSTRALIA.

LIVERPOOL, STNDA.Y.

This day the Royal Mail packet James Baines,
Captain M. Donnell, belmiging to the Black Ball
Line, arrived off this port. She sailed from Mel-
bourne 28th of November. She has brought, be.
sides the mails, 200 passengers, 100,000 ounces of
gold, about 2,000 bales of wool, and 3,000 bags o f
copper ore.

[EWE 4D. STAMPED SD•

warlike times have disappeared, and have been
succeeded by kings educated solely in the harem,
without fear of outward eneinies,and. irresponsible to
any one buta friendly and protecting power, and Oude has
had a succession of detertable debauchees, who have dis-
graced the throne and its patrons. Were the English
to be strictly bound by the treaties entered into with
the rulers of Oude annexation would be indefensible ;
but the difficult question how far such treat' re are as
binding as the laws of the Medes and Persians ill now
he settled. After the conquest of the Pindarees and the
Mahrattas, the Marquis of Hastings declared the Eng-
lish Government the paramount power in India, demand-
ing thereby a certain sight to interfere in the internal
management of provinces within his power. That such
a declaration was absolutely necessary far the safety of
the English empire cannot be doubted. Yet we feel we
tread on tender ground when we attempt to argue that
a treaty can be tampered with.

The Lightning, from hence Nov. 25, arrived out '
in 80 days.
Little importance in news. -
The Melbourne wool sales were well attended,
and satisfactory prices realised.

Gold had declined in price 6d. per ounce, *wing
to the bank fixing the rate of exchange at par.
The labour market at Melbourne was improving.
Agricultural labour demands very remunerative
prices.
Rich specimens of copper ore have been found at
Mount Black Wood, at the depth of 45 feet, 0011.
twining three ounces of gold- to the ton.
The last escort to Melbourne brought 57,000
ounces of gold, worth 755. per ounce.
Tallow, 401 to 421. per ton. Hides inactive ;
prices nominal. - -
Sydney dates to Nov. 21. :Nothing of interest '
in the commercial circles ; dullness prevailed. In
the interior the demand was' pretty brisk, and •
favourable anticipations regarding the future.
The Sea Nymph, and the Elizabeth, from Lon-
don, were at Hobart Town. The Indian, from
Hartlepool ' • Adelaide, Auguste, and Melina, from
London, at Melbourne.
The Admiral to sail from Melbourne for London
on Dec. 1 ; the Statesman and 131ackwall on the
20th ; and the Emma for Liverpool, Dec. 10.
We condense.the following summary of Austra-
lian intelligence from the Melbourne Age of the
•
27th of November :
State of Trade.—Since the depaAdre of the
Champion of the Seas business had become more
animated, and the -reports from Sydney being more
satisfactory there was increasing confidence. The
demand fur the interior had greatly improved, and
was very lively. Largo quantities of goods were
continually forwarded to the diggings, while cart-
age ccatinued veiy low—in fact, lower than had
ever been since the gold discovery.
Mercantile transactions had generally assumed a
more healthy aspect, and insolvencies were less
numerous than they were.

THE c3LcurrA MARKETS.
(From the Bengal Hurkaru, Jan. 23.)
GENERAL REMARKS.

Since the issue of our last report, our export trade has
not displayed any signs of activity, the business in pro-
gress being generally on a moderate scale, and the value
of many staple articles on the decline, the last advice
from home net being of a nature to render extensive
operations at all advisable. Indigo appears to be the
only article which is firmly held at an advance of about
sto 7-8 per maund. . •
We cannot notice any improvement in the import.
market, either as regards the demand' or the prices of
the different articles of British piece goody, in which
operations continue to be carried on-with-great caution
by native dealers.
The state of our money market remains unaltered, and
so long as our banks maintain extreme rates of interest
and discount no improvement can be looked for. Go-
vernment securities have been improving during the
present week, Sicca four per cents. being quoted at
Rs. 18.0 to 18-8 ; company's four per cents., at Rs. 15.8
to 16-8, and five per cents. at Rs. 1-4 to 1.8 per cent.
discount. Bank of Bengal shares are firmly held at
Rs. 6,500 to 6,525, and other j.,int-stock companies
shares maintain previous value. _ _ _

EXCHANGE.—the rates on England have given way,
and the last few days' operations to 'some extent were
concluded at the following figures :—First-class credits
at six months' sight, 2.. gild. to 2s. 2;41. ; document
bills ditto, 2s. 2id. to 2s. 3id. ; Treasury and post bills,
23. lid. to ls. lid. On Coina some business has been
done at R'. 214 to Rs. 216 per 100 dnls.
FRElGHTF.—Shippers not having shown much willing-
ness to enter into any considerable engagements the
rat, a to London had partially declined, but they were
rather firm yesterday. A vessel was taken up to lead
with a cargo of rice for Mauritius at 1 12, and then to

Exchanges.—Banke lowered the rate of exchange
on England ou the 19th Nov. to par, and purchased
at 2 per cent. discount. This reduction had an
immediate effect on the price of gold, which is now_
quoted by the brokers at from 31. 15s. 3d. to 31.
14s. 9d. The Colonial Bank of Australasia wilt
shortly commence operations with every-prospect
of success. _ _ _

Weel.—This staple had undergone comliderable
fluctuations in value. The sales by auction on the
Sth ult. passed off with spirit, and parte of stocka
of greasy wool, which had previously realised Bd.
to 9d., did not realise more than 7d. to 7d. At
the sale of the 15th prices rallied a little, and we
may quote the average at from 71d. to 80. The
quantity of wool shipped from Oct. 10 to Nov. 10
was 561,959 lbs.
Labour.—The cry of destitution bad entirely.
ceased, and there were few complaints of want of
employment. Some judicious stops bad been
taken by the Government for notifying to new ar-
rivals and others seeking information the localities
in which a demand existed for labour, and the cur-
rent rate of wages.
The Gold-fields.—The reports received during
the previous mouth from the various gold-fields
*ere of a uniformlY satisfactory character both as
regarded the yield of the precious metal and the
generally prosperous condition of the population.
Two nuggets, the one weighing 220 oz., the other
240 oz., had been found on the Alma, and a
third, weighing 730 oz.-, had been brought to light
at Daisy-hill. Discoveries of new quartz reefs were
of frequent occurrence, and indications were not
wanting of the presence of silver and copper in
these conglomerates. Great activity was °bunt-
able in the works of the ironfounders in Melbourne,
and the men employed by the principal firms had
been working night and day, in order to keep pace
with the demand for quartz-crushing machines.
The quantity of gold brought down by escort
*as as follows :

_ roceed to Bassein and take rice for England at 5/. per
ton. We nave nut heard of any cbarter for the colonies,
the rates being nominal, In country freights no altera-
tion is observed, for Mauritius engagements having
taken p'ace at Pee. 1 11 to 1 12 a bag, and for China
some more cotton has !Ten engaged lately at 3 dole. 50
cents to 3 dole. 60 cents per bale. The rate of freight
for opium to China in the weans ha; been reduced from
Re. 33 to 31 a chest, and 1 rupee fur each chest return-
able to the shipper.

CHINA.
( From the China Overland Mail)
THE REBELLION. -

As usual of late, we have little news about the
rebellion, but it is pot unimportant, and shwws a
downward progress. The _Peking Gazette, states
that Lu-cliau-fu, after being occupied for two years
by the rebels, has been recovered by the Govern-
ment ; and that the insurgents of Tsuug-yang, in
have likewise been routed. Another
account, however, states that they continue to
wander about from place to place, infesting more
p trticularly the neighbourhood of Wu-chang-fu,
the capital of the province. In the great province
of Szechuen a rising is reported, but it would seem
to be local, and caused by a famine, from which no
less than 21 districts are Juffering.
On the other hand, the rebels of Chin-kiang-fu
are exposed to a worse visitation—a sort ofplague, of
which it is said upwards of 100,000 have already
died. The disease attacks the throat, which speedily
becomes so painful as to prevent food being taken.
The teeth turn black and fall out, and death is sure
and sudden. The commandant of Chin-kiang
having sent to Nankin for reinforcements a strong
body was ordered to move, but it was encountered
by the imperialists, and after a comparatively se-
vere and bloody struggle, gave way and retreated
to Nankin. Should the communication between
the two 6trongholds of the rebels be cut off, the re-
capture of Chin-hia.g by ch.. Irpi,c,ri lie ;- pretty
certain, and the evacuation of Nankin by the rebels
at no very distant period may be regarded as pro-
bable. With any other people these cities would
have been recovered long ago, but the Chinese pre-
fer patient endurance to fighting, and generally
find it effectual in the long run.
The remains of the roving bands who caused so
much alarm about Canton last year are reported to
be in motion in the upper part of the province, but
they are probably not very formidable, as inter-
course had not been cut off, nor trade injuriously
affected.

Ounces,
Week ending October 27
~ November 3
„ 10 ' ' 58,602
JP IP 17
OP ~ 24 ... ... .

Total 263.091
Irrespectively of which a large quantity found iti
way to this city and to other placeelq priva►to
besides what was smuggled oyer thefrontiers
to avoid the payment of the export duty, There
was no alteration in the price of gold—it remained
at 3/. 14s. 9d.

The new constitution was proclaimed on the 23d
of November.

On the same day the Legislative Council met for
its last selsion, prior to its dissolution.
His Excellency Sir Clias. Ilotham, in his speech
on the occasion, expressed the hope that the new
constitution would be productive of the happiness
and prosperity of the eJlony. Ho announced his .
intention of transmitting two bilizi—one to regu-
late the elections, the other to prevent bribery.
He expressed his satisfaction at the state of the
gold fields ; good order and quiet prevailed gene-
rally. After alluding to the best mode fur de-
feuding Hobson's-bay, approving the plan adopted,
,his Exceilency expressed the hope that a measure
would shortly be brought brward for the construc-
tion of railways in the colony.
Alluding to the financial condition of the colony,
his Excellency said that lie trusted he was justitikk
in assuming that, with a few exceptions, the colony
would be at the end of the year nearly, it not quite,
free from debt.

The rebels who have held Nankin and Ching-
kiang for nearly three years are the only persons
worthy of the name, and they have never been as-
sociated with, or given countenance to, the dis-
turbers of the public peac) at Amoy,
and Canton.

Two SEAMEN' AT PEKIN. —An involuntary vi-it has
been recently.made to Pekin by two seamen of the Amei j-
ean whaler Two Brothers. Dissatisfied with their condi-
tion on board they took one of the ship's boats and landed
on the coast of Corea, where they remained a month,
kindly treated by the people. They were sent On horse-
back to the Great Wail, where they were delivered over
to the Chinese authorities, by whom they were forwarded
to Pekin. On arriving there they were visited by some of
the Russian mission, who supplied their wants ; and,
aft, r remaining three weeks at too capital, they were sent
forward to Shanghai, where they arrived on the 21st of
December. They seem to have observed nothing at
Pekin, and what they have to till of their adventures
has relation entirely t) their personal treatment and
comfort. They state that in Corea and Manchuria
(there must surely be some mistake about the latter
country) they were well fed and attended to ; besides
which their only observation was that they saw no
women ; and in China, on the route from Pekin, they
complain of having been ill fed, lodged in prisons, and
cheated out of their allowances. They should read
Father Hue's travels', if they can.—ChinaMail.

MELBOURNE GOLD CIRCULAR, Nov. 24, 1855.
Exchange having again been lowered one'per cent., it
being now at par, a reduction in the price of gold fol-
lowed, and 755. became the price for the week. A large
amount of business was done during this week for tte
James Baines, which shin would hare taken a much
larger quantity but for the Sydney Mint competing with
the home market. A good deal of this colonial business
is of a speculative kind, based on the contingency of our
Legislative Council enacting a law to make the Sydney
Mintage current in Victoria. This being a question of
importance to the colony, affecting ber greatest product,
will give ample scope to the financial acumen of our
newly-fledged legislators under the new constitution.
The quantity of gold sent down by escort continues to
keep well up, showing that our gold-fields are assuming
a gradually increasing aspect. Among the gold arriving
by escort are several parcels of amalgamated, the result
of quartz.crushing machines, which we are glad to say
are improving in their productiveness.
Number of persons arrived... 1,355

CANTON MARKET.
EXCHANGE AND BULLION.--Bills on London have
fluctuated considerably for this roail, and may be quoted
for first-clays paper and American creditF, from 4•4. 110.
to ss. Old. East India C onpany's accepted bills, no
tranaaPtiong reported.
EHEIGHTS.—For England the Challenge has been de-
spatched for London at 41. 10%, and the Lord Warris.
ton is engaged full for the Sataft port, also at 4/. 10s.
Two other veseels have been circulatel to load for Lon-
don and Liverpool at 5/. st, ; f r New York, $l6 to $l7
fur tea, and $3O to $35 for silks ; for San Francisco,
$l2 to $l4.

Number that have lelt

Addition this week ... 1,389 and year 46,334
The escorts have brought frou►—

Oz.;.
MountA.lexanderandßendigo 16,179
Ballarat, including Geelong 18,744
The Ovens 11,189

Firty Creek
Maryborough
M'lvor BBl
Daisy-hill
Avoca

SHANGHAI MARKET, JAN. 7.
IMPORTS.

COTTON.—Long Cloths 7 TheSalacio and Tinto from
Britain, have brought 100,400, pcs. greys, and 7,400
pcs. whites. The stocks are becoming very light, and
prices of the qualities molt in demand, namely, the mid-
dling kinds of grey and white, show a slight advance.
EXPORTS. _ _

Ozs.
Amount this week ...-Z6,969 and year 1,934,155
Gold shipped in 1855 2,267,263
Per steamers to Sydney ..••••• 25,102
Per James Baines to Liverpool . 75,000
--___

TEAS.—Black—Of Cotrgous,;ettlements are about 30
chops, principally good to fair Ningchsws, at front 1 to
14 taels below previous quotations. The finer class of
Monings and Kaisows, of which few are on the market,
fully maintain previous rates. Quotations :—Good or-
dinary to but mid. Nohow kinds, 9to 12 taels ; fla•
voury and Kaisow kinds, 13 to 18 taels ; Ningchowe,
12 to 16 taels ; Monings and Oopacks, 18 to 22 taels.
Total arrivals, 498 chops ; sale., 373 ; stock, 125
against, last year, 670 chops ; sales, 445 ; stock, 225.
Souchongs-7 chops sold at 9 to 15 taels for common to
fair. Pekoes—none in market.
EXCHANGE AND BULLION.—But a limited business has
been done for this mail, although a fair amount has taken
place during the month, at rates ruling from 6s. 9.1,d. to
6s. 11d. per dollar. The quotations for the mail are as
follows :—.First-class sterling bills at six months' sight,
6s. 9d. per dollar. On Calcutta—Rs. 310 per SIOO,
On Bombay —lls. 312 per 5100. On Canton, 28A to 29
per cent. discount. Sycee—Sll3 80 per 10U taels.
Gold—sl4o nominal. Mexican and Ferdinand dollars
28 to 30 per cent, discount,
FREIGITS.—The current rate for London is 41. for tea
and 51. for silk ; and Sl4 (nominal) per ton of 40 cubic
feet to America,

2,367,372
Or 98 tons 12 cwt. 3 qrs. 6 lb., at 80e. •Q 9, 4 6 ,4 8
Exchange on London—Draughts against gold pur•
chased at 2 per cent, discount.
Freight of gold, 41d. per ounce, delivered at the Bul-
lion-office, Bank of England, London. Insurance 2 per
cent.

GEELONG GOLD CIRCULAR, SATURDAY, Nov. 24.
There is nothing of importance to relate this week, ex-
cepting that, in consequence of a fall in the bank ea•
change, a corresponding reduction bus taken place in tke
buying price of the metal. The supply in town has been
rather meagre on this 'account, and also from the fact
that the price at Ballarat is still as good, if nut better,
than that in town. _ _ _ .

The present quotation ii 755. 31 for Ballarat samples.
The different fiends are having about their usual amount
of success.
Since last circular there has arrived by escort as fol-
lows

oz. dwt.
Castlemaine escort
Maryborough and Avoca
Fiery Creek 6,116 10
O►ens

ROYAL GEOGRAPHICAL SOCIETY.— A full meeting of
this society was held on Monday, Sir Roderick Murchi-
son, vice president, in the chair. Among those present
were Lieut.-General Sir Geo. Pollock, the Earl of Shef-
field, Sir Henry Rawlinson, General Monteith, Colonel
Everest, Captain Fitzroy, RN., Captain Miller, R.N.,
Captain the l:Ion. Henry A. Murray, R.N., Capt. Gor-
don, R.N., Capt. Hancock, R.N., Mr. F. Calvert, Q.C.,
Mr. Arrowsrnith, Mr. Galton, Mr. Osborne Smith, Mr.
Brooking, Dr. Rae, Mr. Latrobe, Dr. Hodgkin, Mr.Oli-
' pliant, Rev. S. Clark, Rev. C. G. Nicolay, Captain
Vetch, Mr. Rennie, Captain Spratt, R.N., Major Vin-
cent Eyre, Consul Brand, Mr. Hamilton, Dr. Glen,
Mr. Crawford, Mr. W. E. Shaw, R.N., Mr. D.I. May,
R.N., Dr. Price, Mr. J. G. Price, Rev. Dr. Worthing-
ton, Captain Burton, and Mr. M‘Leod. Messrs. John
H. Plowea, George Thomas Brooking, Marmaduke H.
Brooking, H. R. Williams, and J. Dillon Croker, were
officially introduced upon their election. Viscount
Boyne and the lion. Arthur Dillon were elected fell9vrg.

Total .................. 43,424 0
Exchange on London—The banks at present sell their
draughts at par, and buy at 2 per cent. discount.
Freight gold delivered in London, slid. per ounce ;
surance on ditto, two guineas per cent., exclusive of war

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