The Sun.
London, England, 1860-02-28 00:00:00

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THE QUEEN'S HOTEL COMPANY,
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pper Norwood (Limited).
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Capital, 1.,50,000 in 5000 Shares of £lO each.
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CfYv....."
Formed under the Act of Parliament, passed in July, 1856,
which expressly limits the liability of Shareholders to the
:A/A ' /Ittr- ' or,sr. t'
atit:M:lirhnted to 1:3 c . _
Amount of their Shares.
DIRECTORS.

-----
FREDERICK HETLEY, Esq., Westow-hill, Upper Nor-
- wood, Chairman. •
Albert Edmund Farley, Esq., 79, Great Tower-street, and
Stockwell,
James Franks, Esq., 14, Little Tower-street, and Upper Nor-
wood.
Charles Ritchie, Esq., Upper Tulse-hill.
Captain Welch, Upper Norwood.
F. It. de la Treli nais Esq., Oak-villa, Norwood.
on ,
BANKERS.—Messrs. Hawkey, Fenchurch-street.
SOLICITOR.—Richard Peek, Esq., (Peek and Downing,)
10, Basinghall-street.
BROKERS.—Messrs. Price and Brown, 4, Change-alley.

:e.
,o ,349, ai against £3,096 for the cor-
responding period of 1859, 5 and the expenses to
£1,547, as against £1,702.

N°. 21,117.

THE SUN, LONDON, TUESDAY EVENING, FEBRUARY 28, 1860.

PRICE 4D. STAMPED, s°.

P BLICATIONS

LCU2'.7'_l AND Gt1112V.4 1114 IL 8.

tivity to that which on the whole was displayed
during the year 1859. Rice in this market main-
tains the value set upon it at date of our last issue.
'We do not expect relief to any extent for at least
two months. Common report speaks of large quan-
tities held by farmers in the interior. but this is
extremely doubtful, and should it be the case, and
great destitution and famine ensue, the local man-
darins would not be long in opening the granaries
rather than run the risk of civil commotion. Cot-
ton continues
.its downward course. Bombay is
fully 1 dollar per picul lower in this market
than at date of oar last issue. Yarn is quite
neglected, even at reduced quotations. 16 to 24
are quoted 90 dollars to 95 dollars; 28 to 32,
dols. 110 to dols. 115 ; 38 to 42, dols. 133 to dols.
138. The stock here is considerable, being esti-
mated at 1,500 bales.—Grey skirtings do not exhibit
the decline which might have been anticipated.
Sales have been made at prices current last mail,
but the supplies are almost exhausted.—White
skirtings are nominally the same, as are also
T-eloths and fancy goods. We do not hear of any
transactions.--Woollens are reduced in price.—Lead
has changed hands at dols. 7 50.—Bar iron exhibits
a decline of about 15e.--Nail rods are still in de-
mand, considerable parcels having changed hands
at dols. -3 50 to dols. 3 70.—Tin plates quoted dols.
6 40.--Quicksilver is lower dols. 2, present price
being dols. 64.--Opium : During the past fortnight
little business has been dono in drug, and trans-
actions have been principally for the northern ports.
Patna remains the same as at last mail, viz., dols.
770 to dols. 772 50. Benares scarce, and quoted
same as Patna. Malwa dull, and has fallen dols.
60 in price. To-day's (Jan. 14) quotations are dols.
600. For Turkey there is no demand.—Freights
are decidedly better. Charters for cargoes from
Siam to this port have been closed nt 350. A cargo
of coals transhipped here for Shanghae has been
taken at dols. 4 per ton. The improvement appears
likely to continue.for a time at least and until the
running engagements of ships on the coast expire.
—Exchange is firm, at quotations current last mail.
Bank bills, 4s. 9d. ; first-class credits, 4s. 91d.; and
documentary paper, 4s. 91d. Bombay and Cal-
cutta rates, 226 rs. and 227 rs: respectively, are
almost nominal. Bar silver, 8 per cent., and Sycee,
51 per cent, premium. Gold leaf, dols. 23 10 per
tad.

VICTORIA STATION: AND PIMLICO.
The report of the directors states Liar, notwith-
standing the difficulties which the strike al last
autumn it one time interposed, the works'of the
line and bridf.;e are now so far advanced as to leave
no doubt of their completion by the qppointed time.
Ample station accommothaion wilt btt provided
by the opening. of the line, while the construction
of the permanent building is proceeded with. Ap-
plication is being made to Parliament in the pre.
sent session tor the purpose of authorising amalga-
mation with the London,- Btighton, and South
Coast RailwaV Company. T
he shares of the*Vic-
toria Station Company will, on the passing of the
act, become Brighton o per cent. preference stock,
h,caring interest from the Ist of June next, and the
V-
ictoria Company will be dissolved. Mr. J. Pow-
-1 ler, the engincyr, reports the pi ogress a the works
by Mr. Kelk, the contractor, as being in evety re-
spect highly satisfUctory. Thv capital nccount to
the 31st of December showed that £683,088 hal
been received, and £676,301 expendeg. The balance
at the hanker's amounted to 1'5.430, and the Great
Western Company had paid C 1,500 in respect of
extra works for the broad guage.

their extreme length, shallow in appearance, so as to
ride over the water rather than plough through
it, and the first glance at their fine lines shows that
they are built for and must attain great speed ; in
fact, they look to other boats what a race horse
seems among ordinary horses, and if Messrs. Bolton
and Watt only do as much for the engines as Mr.
Laird has done for the hulls of the vessels which
will quit his yard, the. Ulster, Munster, and Con-
naught
ought to be the fastest vessels yet known
on the sea. The speed at which these vessels are
intended to fly over the water through a narrow
channel, where there is a chance of collision with
passing ships, has rendered it advisable that they
should all be built of unusual strstigth. They are
accordingly constructed of the finest iron plates,
bound together in every possible way by cross beams
and angular stringers, and part sr the deck is
formed of broad girders, which extend all round
the ship, and give to the whole fabric immense
strength. In addition to this the vessel is com-
pletely subdivided by nine water-tight compart-
ments, passing from deck to keel, two of which in-
sulate the engine and boilerroo us from each other.
The deck is entirely flush, and will be broken by no
obstruction save the entrances to the cabins. Al!
the ships will, of coarse, have handsome suites of
cabins fore and aft, with a chief saloon aft 60 feet
long by 18 wide, and 10 feet high. The berths are
separated from the saloons by longitudinal bulk-
heads, and all of them are wide, lofty, and Well
ventilated, and altogether, may be said to be de-
signed to afford all the luxuries which can be
afforded by any mode of sea travel.
On Saturday, as we have said, the first of these fine
vessels, the Ulster, was launched from Mr. Laird's
yard at Birkenhead, in the presence of a numerous
attendance of ladies and gentlemen. In the interval
which elapsed before the ship was started the visitors
occupied themselves inspecting Mr. Laird's works,
which, for completeness, extent, and value of plant,
are not to be surpassed by any building-yard in the
kingdom. Vessels in every stage of construction or
repair crowded the dry docks, from colossal screw
merchantmen down to a tiny paddleboat ; the latter
a pleasure yacht, building for one of the up-country
Kings of the African tribes. There are almost
acres of steam machinery going all at once, and
one:of the highest and most powerful double cranes
that was ever built stands in the centre of the yard,
almost capable in the immense circle over which it
acts of depositing its weight of 50 tons in any part
of it. Some idea may be formed of the extent of
the works when we say that within the last few
years nearly 250 vessels have been launched from
them, of an aggregate tonnage of 100,000 tons, and
some 20,000-horse power. Precisely at 12 o'clock
the Marquis and Marchioness of Chandos took their
places on the raised platform at the bows of the
vessel. Her ladyship named the Ulster in the
usual manner, and then, ley a peculiar apparatus,
actually launched the vessel itself by cutting a silts
cord which communicated with the machinery em-
ployed to knock away the dog shores. 'The motion
of the vessel at first was slow, hut it soon began
rapidly to increase till it plunged out with the
rapidity of an arrow into the Mersey. Yet, in spite
of the great " way" on the vessel, and the strength
of the tide, two light Trotman anchors bronght her
up within almost her own length from the shore.
Her appearance in the water was as light and as
beautiful as can well be conceived. The trial o

Now ready, in past Svo,lCe. ed.,
THE SEASON TICKET.
London : Richard Bentley, New Burlington-street.

We have received' by the overland mail advices
and papers from Calcutta to Jan. 24, and froth Hong-
- Kong to Jan. 14. -
The Calcutta papers contain no general intelli-
gence in addition to that brought by the last Bom-
bay mail. Speaking of commercial matters, "Trade
(says the Calcutta Englishman), continues alto-
gether flat, and with no promise of better improve-
ment. Looking at the prices reported from home,
and those quoted here in our Price Current, sane
men, accustomed to old modes of business, look with
wonder upon what is being done hero ; wonder as
to how buyers see hope of return. In these days
of enlightened trading, how creditors are Ao be met
is quite besides the question. Money it will be seen
is less accessible; already the Bombay banks have
raised their rites, and owing to the large purchases
of paper for England, Calcutta has followed their
example, with prospects of A further advance. The
only branch of commerce in which there is any real
imprOvement is in freights, owing to the tonnage
taken up for transport of the China expedition, and
the rice going forward for Mauritius."
The following commercial notes are from the samo
journal :
PROIitICE MARKETS.—We: have no new feature
to -report this mail. The advance in frieghts and
exchange has as. yet had no visible effect on the
value of goods. Raw silk sells at extreme rates.
Indigo has advanced in Value. Sugar nothing doing.
Saltpetre in:small supply, and higher. Jute dull
and drooping. Lac dye and shall-lac ,higher, and
the latter in excellent demand. Oil seeds very
firm. 1 .

SECRETART.—George FassOu: Esq.

This Company has beca formed under the Limited Liability
Act for the purpose of the purchase and enlargement of the
Queen's Hotel at Upper Norwood.
The celebrated and well-earned reputation of the manage-
ment of this Hotel, for many years, together with its admir-
able situation—remarkable alike for the beauty of the scenery
and the purity of the air—have •rendered it the favourite
resort of numerous and distinguished visitors.
The immediate vicinity of the Crystal Palace has added to
its attractions as a residence, while, at the same time, the
bracing character of the Surrey hills, amongst which it is
placed, strongly recommends it to those seeking it for the
purposes of health; indeed, the character of the Hotel is so
widely known that it is not necessary to .nlarge further on
its advantages as a profitable investment.
The Hotel was orignally projected, and has since been con-
ducted by the present-proprietor; but that gentleman's other
avocations, together with the increasing business of the Hotel,
and the necessity forits'enlargement, have now induced him
to relinquish' the sole, management of the undertaking ; he
still retains, however, a large pecuniary interest as a share-
holder, and the bo ird will have the advantage of his experi-
ence and assistance as a director.

The property, comprising* tile hotel, which at present con-
tains 140 rooms, with extensl stables (sufficient for 80 horses),
ample carriage room, and pleasure and kitchen gardens, and
every necessary accommodation, has been carefully surveyed,
and its value ascertained by au experienced valuer ; and it
has been secured to the Company on what the directors be-
lieve to be advantageous terms.

•
CRYSTAL PALACE DISTRICT GAS
co NPANY.
The directors in their report stateghat the build.
ing operations were for a short time regarded by •
• the "builders' strike," but a temporary inconve-
nience Only has resulted therefrom. During the
ensuing year the directors anticipate that a further
moderate outlay will be requires' fur the extension
of mains in the district, and the total completion of
the works, and to meet this outlay they propose
that proprietors holding the £2 paid shares-should
have,the option of paying those shures iu full. The
profits on the half-year are £1,539, out of which the
directors recommend a dividendaftcr the rate of 6
per cent. per annum, and the ajiptoiiiiation of the
remainder, to write oif preliminary expi uses, £100;
Parliamentary expenses, £100; laud account, £100;
and carry over the balance, £74.
The capital account shows that £49,297 had been
expended. The revenue account for the half-year
ending December 31 showed that £7,192 had been
received, and £5,698 expended, leaving, with £45
from the preceding account, a balance of £1,539.

The capital of £50,000, after providing for the payment of
the purchase-money, will leave amply sufficient means for
effecting the improvements and extensions which are con-
templated (estimated at least at 50 additional rooms 1, and the
directors are confident that these extensions will very mate-
rially increase the profits—at present considerab, e.
In conclusion, the directors draw attention to the important
fact that the undertaking possesses this great advantage, that
the shareholders will at once enter into possession of an esta-
blished business, yielding already a handsome return.
Two auditors will be appointed to audit the accounts, which
will be accessible for the examination of the shareholders.

.....
Application for shares in the annexed form may be made at
the offices of the Company at the Queen's Hotel, Upper Nor-
wood, and to the brokers of the Company, Messrs. Price and
Brown, 4, Change-alley. •
A sum of X 1 per share must be lodged at the bankers on appli-
eationtorthe-shares, and X 1 10s., making- up the first instalment
- "of.C2 10+. per share, must be paid on allotment. The remaining
X 7 10s. will be payable in three equal quarterly instalments.

MARKET.—The improvement mentioned
the last report was increasing during the first
few days of the last fortnight, but lately the market,
influenced by the great tightness of money in the
bazaar, and the very high rates of interest charged
by the native bankers, became gradually dull and
quiet, aid consequently prices of most descriptions
of piece goods are one to two annas per piece lower.
The Bank of Bengal increased its rate of interest 1
per cent. all round, and there is every probability
that this state of thin ;s will be maintained for the
present. Yarns shared in the general dulness of
the market, and they have lost some of Vie last im-
provement. Metals firm, but little dt,:ng.
JOINT-STOCK SHARES.—The share market con-
tinues buoyant, notwithstanding the bank rates of
interest and discount have been increased 1 per cent.
Several transactions have taken place since our last
issue. The India General and Dock shares con-
tinue the favourite investments. The latter, it is
understood, will pay 14 per cent. dividend at their
hallyearly general meeting called for this day. In
Ganges shares there is not much doing; we make
our quotations in reference to the late alteration in
the scrip certificates from 1,500 to 500 each. Steam
Tug shares are dull and in no demand. Bengal
Bank shares have changed hands at 5,975, and
Bonded Warehouse shares at 355. For Dock shares
860 have been offered and refused. Assam Tea
shares are held firmly, and the shares of the new
companies lately started in Cachar are in good
favour and sought after.
GOVERNMENT SECURITIES.—In consequence of
the advanced rates charged for money by the Bank
of Bengal and other banks, the value of the Five-
and-a-Half per Cents. and Five per Cents. was
quoted at fully half per cent. lower; this brougkt
buyers into the market for European account, and
a large amount of both denominations changed
hands. The Five per Cents, will be con vented into
Five-and-a-Half. These sales have given firmness
to the market, but sellers are ready to sell at 96
for Five-and-a-llalf per Cents. and from 92 to 921
for the Five per Cents. There is nothing doing in
the Four per Cents.
MONEY MARKET.—Money continues in demand
in the bazaar, especialy amongst the piece goods
dealers and the opium speculators. Upon
Government Securities it can be obtained at the
banks at from 6 to 8 per cent., but as their reserve
is greatly diminished we may look for higher rates.
The large amounts paying into the Treasury for the
conversion of the 5 per Cents. is rapidly filling up
the 5 per Cent. Loan, muck to the satisfaction of
Government, who have been able to redeem the
Treasury drafts, upon which they had obtained a
loan from the Bank of Bengal.
EXCIIANGE.—For sonic days after the departure
of the last email exchange on London kept steady
at previous rates, but a pressure of credit and do-
cument bills on the market enabled buyers to ob-
tain higher rates far both bank and mercantile
bills, and they close for this mail at 2.0! to 2-11
for bank bills, 2 11 to 2.1 3-16 for credits, and 2-1.1,
to 2-11 for documentary. On China the rate has
averaged Rs. 223 per dols. 100. On Bombay
thirty-day bank bills have sold at par.

FORM OF APPLICATION FOR SHARES.
To the Directors of the Queen's Hotel Company, Upper Nor-

wood (Limited). -
Gentlemen,—Having paid to your bankers, Messrs. Han key,
the sum of £ I hereby request that you will allot me
shares of each in The Q-een's Hotel Company,
Upper Norwood (Limited), and I hereby undertake to accept
the same, or any smaller number which you may allot to me,
to pay £1 10s. further per share on allotment, and the remain-
ing calls, amounting to £7 10s. per share, when the same shall
become due, and to execute the Articles of Association of the
Company at such time and in such manner as you may appoint.
I am. gentlemen, your obedient servant,
Name in full
Address in full
Profession or business (if any)
Place of business (if any)
Date

LONDON DISTRICT ,TELEGRAPH COM-

CANTON.--Tea is extremely dull and inactive.
The teamen are firm in their demands, which are
as firmly rejected by shippers. The only settle-
ments of congou reported are two chops, leaving a
stock of 46 chops available to buyers. At this
season there is generally a decligLin prices, but
toatnen appear so confident of the il'Er approach of
the termination of the shipping season that all at-
tempts to obtain a concession of retes has signally
failed. Scented teas are also very scarce. Silk is
far above prices which will enable buyers to operate
for the home market. The quantity available is
extremely small, and operations are on an insigni-
ficant scale for India.
SHANGITAE —Mites arc to 6th January, up to
which day nothing had occurred to indicate we
were about to commence a war, upon the result of
which, as far as we may judge, the existence of the
Tartar dynasty in China depends. The " Tonnage
Dues" question has been settled by an order front,
the result of an appeal to, the Emperor. The Im-
perial Commissioner had not only been instructed
to place shipping of all nations under what we call
the "most favoured nation clause," as regards the
question at issue, but, "in order to show extra kind-
ness to all nations, and that justice may be carried
to the utmost extent," he orders a drawback, or
return of dues, to the extent of one mace per ton, to
all vessels, British or otherwise, which may have
cleared under the old rate since the 24th of Novem-
•ber. If this edict is really an Imperial one, it is
heaping coals of fire on our head. The arrivals
from England had been very numerous. The Potosi,
Illinnani, Gem of the Nith, Clarendon, Medina, and
Westburn, had all arrived, but notwithstanding the
market was bare of goods no activity was displayed
on the part of buyers, who were much engaged in
clearing parcels which they had purchased to ar-
rive, and little business was anticipated before the
New Year. Gray shirtings had changed hands at
rec.* e 1 prices ;_ 61 to 7 catty goods did not com-
mand more than from tools 1 J 5 to taels 2 2 0,
which exhibits a decline of about 5 mace on prices
current last mail. White shirtings maintained
their value. T-cloths were in fair request, at, for
41 to 51 catty goods, taels 1 2 0 to tacls 1 5 0.
Fancy goods were not much called for, but never-
theless were well held, and consequently main-
tained their previous value. Woollens of all kinds,
with the exception of well assorted long ells, were
lower. These goods could not be quoted lower.

PANY.

The half-yearly meeting of this company was
held yesterday at the London Tavern—Mr. R.
Taylor in the chair.

The report stated that of the first call of £1 per
share £10,740 had been paid, leaving only £l6O un-
paid. The capital paid up amounted to £21.,320. The
works had so far been completed within the original
estimates. The further cost of construction, accord-
ing to the plan determined on, would not exceed
£6,000. Agreements had beenconcluded with the
Commercial Dock Company for the transmission of
messages on the business of that company, at an
annual rental, and with the London Dock Company
for the transmission of messages for their cus-
tomers, between Mincing-lane and the London
Docks, at reduced rates, the Dock Company pay-
ing an additional sum upon each message so trans-
mitted. A mutually advantageous arrangement
had been made with the Astronomer Royal for the
hourly transmission to the company of Greenwich
directors mean time. This would enable the to com-
municate the time to every part of London, so that
while by this means they inn-eased the revenue of
the company, they would also be promoting the
interests of horological science. The directors
hoped by the ealtivtit ion of friendly relations with
existing tel, graph companies to nnder this com-
pany useful to them in collecting and delivering
their provincial and foreign messages. The opening
on the Ist of February last several stations, and
the business done up to the present time augured
well for the eventual success of the company.
Mr. E. TYER. the engineer, stated in his report
that the new lines completed during the past half-
year comprise extensions to Kingsland, Mile-end,
London Docks, Greenwich, Clapham, Camden-
town, and Highhury. The length of line. cont•
pleted consisted cf two miles underground, and 101
miles over houtes; lines contracted for in progress,
hut not completed under ground half a mile, over
house 20 ntiles. In progress by the engineer, 11f
miles over house, making, with 22k miles previ-
ously completed, 67i miles.
The CHAIRMAN moved the adoption of the re-
port, which was seconded and adopted.
It was stated negotiations were pending with the
Post office authorities for connecting the various
post-offices in London, and arrangements would
also be made to connect the police offices with
Scotland-yet d. The directors had spplicd to the
the different insurance societies with the view of
establishing communication between the tire en-
gine stations

LONDON and PROVINCIAL MARINE
INSURANCE COMPANY.
Provisionally Incorporated pursuant to the Joint-Stock Com-
panies Act, 7th and Bth Vic., cap. 110.

Capital Stock, ONE MILLION in 50,000 Shares of £2O each
(with power to increase to Two Million).
Deposit 2s. per Share, £1 18s.. m! allotment, and £2 in Three

Months.

A clause In the deed of settlement especially provides that
every policy issued shall distinctly bear on the lace of it that
the capital and property of the Company shall alone be an-
swerable for the settlement of its claims and engagements,
and that no shareholder shall be liable b.yond the amount of
his or her share or shares in the capital stock of the Company.

DIRECTORS,

CHAIRMAN—AdmiraI Sir HENKY LEEKE, K.C.8.,

M.P., 23, Ovington-square.
George Braginton, Esq, Banker and Shipowner, Torrington.
James Laming, Esq, Director of the London and County

Bank.
James Nugent Daniell, Esq, Chairman of the Blackwall Rail-
way Company.
Mark Whitwill, Esq (Firm of Mark Whitwill and Son, lifer-

speed, on which the success of the whole of the new
line of boats will, of course, depend, is to take place
in about two months hence, and, we need scarcely
say, is looked forward to with deep interest by all
connected with the advancement of our large sea-
going steamers.

chants and Shipowners), Bristol.
John Averay Jones, Esq (Firm of Jones and Nash, Timber
Merchants and Shipowners), Bristol.
Charles Wells, Esqi (Firm of Bremer, Wells, and Co.,
Merchants and Shipowners), Hull.
Henry T. Watson, Esq (Firm of H. T. Watson and Co., Ship-
owners), Hull, Grimsby, and Goole.
Henry Fox,,Esq (Firm of Fox, Bromham, and Lewis, Mer-
chants and Shipowners), London and Liverpool.
Ingram Chapman, Esq, Director of United General Gas Com-

RAILIf AI'S AND PUBLIC' COMPANIES'.

pang
Frederick John Price Esq (Firm of Price and Co., Merchants),
Tower-street
Thomas Cotterell, Esq., Eaton-square, late Sheriff of London
and Middlesex.
With power to add to their number.
UNbraywniTru.

SOUTH WALES.

Tho half-yearly meeting of this company was.
held on Friday, at the Great Western Hotel, Pad-
dington ; Mr. C. R. Talbot, M.P. in the chair.
The CHAIRMAN, in moving the adoption of the
report, .adverted to the differences that existed bt -
tween the board. and: the directors of the Great
Western Railway Company as to the interpretation
o: the award made some time ago by Captain Galion,
in reference to the working of the South Wales
Railway by the Great Western Company.
It appeared that the auditors of both companies
had expressed their opinion that the existing agree-
ment between the great Western and South Wales
Company ought to be cancelled and the South
Wales line worked separately. Losses and mis-
understandings arose to the Great Western Com-
pany from the lease, and, owing to the interminable
complication of the accounts involved in its work-
ing, it was thought by the auditors that it would
be better to get rid of it altogether, being disadvan-
tageous to both companies.
Resolutions were passed adopting the report, de-
claring a dividend at the rate of 24 per cent, per
annum for the past half-year, expressing an opinion
that the present agreement was injurious to the
interest of the company, and that it would be de-
sirable, with a view to the mutual interests of both
companies, that it should be put an end to, re-elect-
ing the four retiring directors, and also the retir-
ing auditor.

Negotiations arc pendingUt7eCt;eit; services of one of ill*
most.experienced Underwriters in London.
_

BANKERS—The London and County Bank, Lombard-street,

STOCKBRORF.RS.
George E. Seymour, Esq,Thromorton-street.
Messrs. Crosley Brothers, 30, Cornhill.
SOLICITORS—Messrs. Crosley and Burn, 34, Lombard-street
SECRETARY PRO TEM—Henry E. Warren, Esq.
TEMPORARY OFFICES.
79, LOMBARD-STREET, London, E.C.

The Company is established for effecting the General In-
auraneeof Shipping and Cargoes, and also the Insurance of
Bullion, Passengers' Baggage, and effects ; and to provide
more immediate facilities for transacting business. at the prin-
cipal ports of the United King,dom than have hitherto been
adopted by institutions of this kind.
The Directors on publishing the Prospectus of the London
and Provincial Marine Insurance Company, announoe that a
considerable number of shares has already been subscribed
for by some of the principal merchants and shipowners in the
various ports of the United Kingdom, whereby future policy
business will be greatly influenced.
The value of Marine Insurance, as an investment, is shown
in A very striking manner by the following statistics :

. -
VALUE OF SHARES IN MARINE INSURANCE COMPANIES.
Paid. Present price.
The Alliance £25 0 0 „XI:30 0 0
Indemnity (£5 13s ad, increased by
bonuses to) LO 0 0 .. 170 0 0
London
Marine (415, increased by bonuses
to)
Royal Exchange lOO 0 0 .. 300 0 0
Application for shares, in the usual form, will receive im-
=dilate attention, but no application will be taken into con-
sideration unless a deposit of 2s per share be paid into the
Company's bankers. to be allowed in payment of the first
call, or returned in the event of shares not being allotted.
All communications on the business of the office to be ad-
dressed to the Secretary, at the temporary offices of the Com-
pany 79. Lombard-street, London, B.C.

CHINA.
(From the China .51Tail of Jan.lt.)
The London mail of the 26th November arrived
here on the 12th inst.

The retiring directors were re-elected.
The meeting was then made special, and the di-
rectors were authorised to extend the wires of th•
company beyond the radius of four miles from
Charing-cross, and within a radius of twelve miles
for fire and police purposes only.

No further intelligence has arrived from Japan
announcing any change in the state of matters
there; but it is confidently hoped that the firm
attitude assumed by Mr. Consul General Alcock
will have the effect both of reassuring the Japanese
Government and of checking the improprieties of
the British residents who have behaved in such a
manner as to cause the partial stoppage of trade.
It is due to the commercial community of China
to mention that it has very generally condemned
their conduct. It is difficult to obtain information
as to what is going on in the Japanese ports, but
there appears to be very good grounds for the
warniegs held nut by Mr. Oliphant and others
against the expectation of any great and sudden
extension of British trade from the opening of
these ports. When first opened there were
a number of curious articles presented in the
market which gave something to do, and the pur-
chase of gold coins afforded a most profitable trade;
but the real commercial question in regard to Japan
--viz., how far it is willing to take our manufac-
tures and can give us raw produce—yet remains to
be solved. The question as to how far Japan may
be able to supply us with coal is about to be inves-
tigated by Lieutenant Malcolm, RE., who has left
Shanghae for Nagasaki for that purpose. The
Minister of the United States at Yedo has officially
communicated that he has obtained a pledge from
the Japanese Government that the treaty of Yedo
will be out in its integrity, and that, more
particularly, Japanese produce may be freely l ur-
chased, and all Japanese articles may be exported
without limit, except rice, wheat, copper coin, and
uncoined Japanese gold and silver. The quarter to
be occupied by foreigners will also be settled imme-
diately.
From Shanghae the only news of importance is
that the Chinese Government has given the eau)) de
grace to the gratuitous supposition that it means to
ignore the American treaty which was ratified at
Peh-tang. Not content with allowing that treaty
to conic in force, and opening the new ports of
Swatow and Thiwan, it has extended the provviions
of the American treaty to the English and other
treaty powers. Ho, the Imperial commissioner,
has been authorised by the Emperor to direct that
the tonnage dues at the various open ports be levied
at the reduced rate of four mace per ton, as secured
by the neNN American treaty, and has even given
directions for the granting drawbacks for the extra
mace which may have bean paid by British and
' other ships since the 24th of November, when the
new treaty came in force.
There was a report among the Chinese that
Hwashana, one of the Imperial commissioners who
signed Lord Elgin's treaty, had been put to death,
but it has net been authenticated.
Another ship has left for the British West Indies,
with Chiuese emigrants, among whom there were the
large proportion of 115 women, 37 boys, 20 girls,
and 11 infants. A third vessel will very soon be
despatched; it is likely that many more emigrants
will come forward after the Chinese New Year,
which falls on the 23d instant ; and the success
of this tcherne is now set beyond doubt so far as
China is concerned.

TilE DOUBLE MURDER AT BOLTON.-

UPON-DEARNE.

Little more than three years ago the murder of
an aged couple, attended with circumstances of
great atrocity, was perpetrated in the rural and
secluded village of Bolton-upon-Dearne. On the
night of the 4th of December, 1856, it will be re-
membered that Luke White, an aged person, who
was the village postmaster, and kept a small
druggist's shop, a-sd was a local preacher, while
apparently engaged in preparing his sermon for
the following Sunday, heard some one come to his
shop door, and on going to see what was wanted
he was knocked down and ruthlessly murdered.
His wife, hearing a noise in the shop, appeared,
while going along the passage leading from the
house into the shop to see what was the matter, to
have been met and also murdered, both bodies being
found weltering in a large pool of blood in the
forenoon of the next day. No traces of robbery
having been committad were visible, and the affair
was enshrouded in the most impenetrable mystery.
Although every effort was made by Colonel Cobbe
and the superintendents of the neighbouting divi-
sions of constabularly, and large rewards offered,
not the slightest clue could be found to the perpe-
trators of the horrid crime, and the coroner's in-
quest, after sitting for a considerable time, was
ohligcd to return an open verdict. The only per-
son to whom the finger of suspicion pointed was
White, the village constable, but no object could
be shown nor could the slightest evidence be ad-
duced to in any way connect him with the dreadful
deed ; but, on the contrary, it was shown that the
deceased had been one of his warmest supporters,
and had that day been engaged in getting up a
memorial to Colonel Cobbe in favour of White being
permanently stationed in the village. However,
nothing coming to light, White left the village,
and lies since been living to some extent as a sus-
pected man in his native town of Barnsley, in
anxious expectation that something would turn up
to unravel the mystery, and to restore him to the
position he had formerly held in the estimation of
the world. Recently,
however,
say, circumstances have transpiredV
we
arehicitarge_lalidktetlyo
to throw some light upon the tragedy. 011 e
day the murder was committed a hawker was said th o
have been in the village of Bolton, vending ears
him afterwards, nor could he inh
and small wares, but no clue couldanbyemdo,ab.yatathDinepueordrinttsog
joi
hawker, who is said to be
con-
nected with the
mission
the past week an
fearsm Pena} t e
servitudedee.
undergoing six
relativennaut, htaos ntredeafficelti-tt..ainislactseenwe2 tcooamemommpliacnaitoend
to the Governor of the gaol in which he is under-
going
who of
his imprisonment, and information has since
been forwarded to Nii..Astwo a
d , u
hasth e long West exerted Riding
constabulary
himself to obtain a clue to the
tragedy. Mr. Astwood, we understand, has been
to Portsmouth, and had an interview with the
hawker, who has pointed out the guilty parties,
stating that, although he himself did not commit
the murder, he was in the house when the murdered
couple were lying dead on the floor. The names
of the perpetrators have not vet been mace known,
neither bus the nature of the confessi( n fu ther
than what has been stated, although Re u ,der-
stand he completely exonerates White it .in any.
participation in the murder The most active in-
quiries have been made for some days, and infor-
mation of the facts having been communicated to
the Seel-dory of State, we are informed warrants
have already been issued for the removal of
the prisoner from Portsmouth to York, and for the
apprehension of the parties criminated. The
hawker has given some particulars as to the articles
he was selling in the village at the time, and the-
, persons to whom he sold them; and the police are
now making inquiries with a view to the affair be-
ing unravelled. The matter is exciting the greatest
interest in the district, and it is hoped that the
mystery in which the tragedy has so long been en-
-1 •
- oped will soon be cleared away.

Mr. Gingell, the newly appointed consul at
Amoy, where he was vice-consul before his recent
visit to England, has entered upon his dutia at
that port, relieving Mr. M. C. Morrison, who ap-
pears to have won high respect and regard at Amoy.
Of local matters there is absolutely nothing oil
record—not even a fire or a libel case,

COMMERCL•'IL SUMMARY,
Hosc-KoNG.—Business in general could not be
much worse than it is at the present time at all the
ports open to foreign trade. Rice alone is firm,
most articles of import are lower and heavy of sale,
and in many instances quite neglected. A large
amount of the depression is attributable to the near
approach of the Chinese New Year (23d instant),
by which date it is " China custom" for every man
to have his house set in order, his business transac-
tions reduced to the smallest possible compass, his
liabilities discharged as far as practicable, and he
himself prepared to inaugurate the new year a new
man. The turn of the year, and the holidays over,
may see a partial revival to business, but we fear
some time will elapse before we enjoy similar ac-

I.dzigN