The Sun.
London, England, 1851-08-14 00:00:00

-77---'' V4:l',)--5;*P
tlik,
7,v,4e-,
4---,T.- ~--_,.:, 44'
..- ii

--

/'

~~~

$ - t z
V: )
N*. •
t

[PRICE SD.

- ;,
- -,--------,7- < z -‘---t_e_9----,-a---(---X---€---- -r- - -. : _ '-'t
4 t:- -2-7 ---1-------'( -----;
- '\
/ 7- ,"-'i-:;•„;1
.4. ' I state cn the f-,rme occasion that ycu belisi,e3 that the -.-- '',.'
ground of the change in the Act of 1803, 4hich sub- ~:.'
stituted a charge at the first source in the Vaci 4of a -4'.. '''
_.
clThrgo, upon income returned by the parties, was in ''''A .4-,
der to avoid the frauds which were known to
ha a taken place under the former system ?—I so
s' ted.
or)
Colonel ROMILLY—You do not think it would be
possible for local Commissioners to judge of the
general amount of the incomes of persons in the
neighbourhood ?—Perfectly impossible.
CHANCELLOR of the EXCHEQUER—WouId there
not be a difficulty in the case of persons having
property in different parts of the kingdom which does
not exist in the case of a person carrying on busi-
ness at one particular place ?—Yes ; it would be in-
surmountable.
CHAIRMAN—CouId there be any more simple
mode of arriving at the point than going to the
source of each subject of income ?—I think not.
This is the simplest and easiest course ?—Yes.
CHANCELLOR of the EXCHEQUP.R—IS not that the
course which, in point of fact, is adopted in every case
whereit is possible under the existing law ?—lt is in
every schedule except Schedule (D).
Lord H. VANE—Where it is impossible ?—Where
it is impossible.
Mr. J. WILSON—What, does foreign property come
under Schedule (D) ?—Yes.

SHIP NEWS.
NOTICE.
The following has been posted at Lioyd'i:—
"Lloyd's.
" I am directed by the Committee for Managing the
Affairs of Lloyd's to request your attention to the an-
nexed letter from the Secretary of the Chamber of Cony.
merce Bombay, on a subject which has been for some
time under the consideration of this committee.
" It is unnecessary to urge upon you the great import-
ance of being able to retain at the port of London, and
if possible to secure an increase, of so important a branch
of trade as the impartation of cotton from India will evi-
dently become. The adoption of the Liverpool system
with reference to damaged cotton being essential for such
purpose, I am directed to suggest for your consideration
whether, by mutual consent of the assured and under-
writers, a practice might not be adopted of inserting a
clause in policies on cotton, agreeing, that in case of sea
damage the cotton shall, when practicable, be picked and
made merchantable. 'lbis arrangement has been adopted
already by some merchants, who thereby effect their in-
surances on more favourable terms, and it is suggested
that this practice might be generally carried out with-
out prejudice to any interest.
"The committee have ascertained from the several
dock companies that instructions for such purpose must
originate with the importers, and in inviting the co-
operation of the mercantile community of this city, this
committee would be happy to receive any suggestions or
observations which may tend to promote an object of
such great importance to the trade of London.
" I am, your obedient servant,
G. A. HALSTEAD, Secretary.
" TO TUE COMMITTEE OFo MANAGEMENT FOR TUE Alf-
FAIRS OF LLOYD'S, LONDON.

" Bombay Chamber of Commerce.
" Gentlemen,—l am desired by the members of the
Chamber of Commerce at this port to bring under your
especial notice the fact that a system of business exists
i❑ London which does not obtain at Liverpool, and
which has not only been found to be deeply injurious to
the interests of underwriters, but threatens at no distant
period to diminish the business of the port of London,
and to withdraw from it such trade as can be more ad-
vantageously transacted at the rival port adverted to.
"' I refer to the system practised in your docks of
making the smallest appearance of sea-water on pack-
ages first-class sea damaged,' and, save at special re-
quest, avoiding to do that which is rationally and fairly
done at the port of Liverpool, i. e., causing such pack-
ages as ca❑ without any diminution of the principle of
just dealing be made merchantable' to be so prepared.
" I would call your attention to the staple of this
port in particular, viz., cotton, the slightest stain on
which is designated as before referred to, and causes Ps
per lb., equal to 4s. 2d. per bale, to be deducted, as a
matter of course, even ut public sales, while from the
hard screwing of the article at this port the fair allow-
ance to the buyers would be inappreciable. The system
prevails all through dock transactions, and lam in-
structed to say that large profits have been made by the
buyers of so-called damages.' The system, no doubt,
originated under the East India Company's and dock
companies' monopolies, and should with them be con-
sidered equally obsolete.
It is so clearly to the interest both of merchants
and insurers that a practice such as is herein complained
of should be protested against, and if possible be abro-
gated, that this Chamber rely with confidence on the
early and zealous exertions of your committee to put a
stop to customs which are alike unjustified by equity,
interest, and common sense.

" II have the honour to be, Gentlemen,
" ' Your most obedient servant,
" ' JOHN CONNOR, Secretary.' "

NOTICES TO MARINERS.
BEACON ON ISENNERY ISLAND, NEAR BOMBAY.

Information has been reeeived at Lloyd's that a bea-
con of a conical shape, 3S feet diameter at the base, and
rising to the height of 50 feet, painted white and red in
alternate horizontal bands, has been erected on Kenner,'
Island, situated to the southward of the entrance to Bom-
bay harbour.
The beacon is surmounted by a staff with a ball at
the upper end, and on a clear day will be visible at a
distance of twenty miles.