The Sun.
London, England, 1860-05-24 00:00:00

IRE PULLINGER FRAUDS;

Subjoined are the official notifications posted at
the Stock Exchange concerning the decisions of the
committee alter investigating the business trans-
acted through members of the house for the de-
faulter Pullinger. Both documents have elicited
frevomments, in consequence of the doubtful na-
ture of the composition, but whether the fault rests
with the body of the committee, or the secretary,
whose name is appended to them, cannot be elear"
ascertained. They arc, nevertheless, sufficiently
intelligible for the public to ascertain the result,
and will carry with them the weight due to their
importance. The first details the several periods of
suspension inflicted on the inculpated parties, and
the second passes judgment on the transactions cf
the failed firm, Messrs. Bell and Ball :
" May 22, 1860.
" The following resolutions have been passed
unanimously :
" Takininto consideration the cases of Mr. W.
A. Bradock, Mr. R. Johnston, Mr. J. T. Sheldon,
and Mr. Theod. Uzielli, in relation to their viola-
tion of Rule 68,, by transacting speculative busi-
ness for W. G. Pullinger when a clerk in the
Union Bank of London, without communicating-
with his employers, and the different facts elicited
in the examination of these gentlen‘en before thu
committee :

" ' Resolved that Mr. R. Johnston be suspended
until 25th March, 1861, his re-admission after that
to be decided upon by the committee for the time
being.
" Resolved—That Mr. J. T. Sheldon be sus-
pended until March 25, 1861, his re-admission after
that date to be decided upon by the committee for
the time being.

" Resolved—That Mr. Theod. Uzielli be sus-
pended until March 25, 18.61, his re•admission after
that date to be decided upon by the committee for
the time being.
" ' Resolved—That Mr. W. A. Bradock, in whose
case there are extenuating circumstances, be sus-
pended for the term of three months from this day.'
" By order of the committee,
(Signed) "G. LOVELESS, Secretary."

" May 22, 1860.
" The following resolution has also been unani-
mously passed :
" ' The committee having ascertained that
Messrs. Bell and Ball. members of this house, trans-
acted speculative business to a most reckless extent
for Pullinger, thereby not only infringing one of
the rules of the Stock Exchange, but involving its
members in a calamitous loss, desire to record on
their minutes their unanimous and severest censure
on the conduct of Messrs. Bell and Ball, who, by
their recent failure, having ceased to be members of
the Stock Exchange, are no longer personally
within the control of the committee.'

" By order of the Committee,
(Signed) "G. LOVELESS, Secretary."

TUB NAVY.

Rear-Admiral the Right Hon. Lord Clarence
Paget, C. 8., M.P., First Secretary to the Admi-
ralty, yesterday paid a visit of inspection to Wool-
wich Dockyard. His lordship was accompanied
through the various departments of the yard by the
Commodore-Superintendent, the Hon. J. It. Drum-
mond, and the principal officers of the establish-
ment.

The screw line-of-battle ships Algiers, 91, and
the Mara, BJ, which had, in consequence of the dead
calm that prevailed, anchored some distance out-
side the breakwater at Portland on Monday night,
got up steam early on Tuesday morning and went
into harbour. The ships now at Portland are the
Donegal, 101 ; Conqueror, 101 ; Trafalgar, 91•:;
Algiers, 91 ; Centurion, 80; Mars. 80 ; Aboukir,
91; and the Diadem, 32. It is rumoured that the
fleet will leave Portland in a few days for a cruise
in the Channel.

Her Majesty's paddle-wheel steam-sloop, Hecate,
6, in a forward state of fitment for the surveying
service, being under orders for the Pac:fic, has been
commissioned at Woolwich by Commander Hooker.
Her officers, exclusive of the commander, will con--
sist of one first and one second-lieutenant ; a mas-
ter, surgeon and assistant-surgeon, paymaster, first,
second, and third engineers, and 115 stokers and
crew. An Admiralty order having been issued,
announcing the intention of Government to supply
the whole of the ships in her Majesty's service with
two spy-glasses each, free of cost (hithe► to at the
individual expense of the officers),
,a number or
glasses were yesterday received at :Woolwich fur
the use of the ships in commission at that port.

The new screw steam corvette Barrosa having
been fitted at Woolwich-with a pair of engines of
400 horse-power, by Messrs. Boulton and Watt,
yesterday got up steam in basin for an engineer's
first trial, when everything worked satisfactorily.
The Lords of the Admiralty huve decided on pro-
ceeding with the alterations of the Albion, 90, at
Plymouth, but her defective planks and timbers
will be made good prior to having any machinery
put on board.
The screw despatah boat Racehorse, built at
Messrs.- Wigram's, was yesterday towed down the
river and despatched to Chatham.

The East India-built line-of-battle ship Bombay,
84, was taken into dock at Chatham yesterday
afternoon to be converted into a screw steamer. In
consequence of the extensive alterations required
to be made in this ship she will be several months
in hand.

The survey of the Cormorant, 4, screw steam
gunvessel, having been completed, she was hauled
out of dock at Chatham yesterday afternoon.
The naval transport Hope is having defects made
good at Chatham.
The screw steam storeship Himalaya, Capt. Sec-
combe, which, in consequence of damage she re-
ceivei by grounding in Portsmouth harbour, was
towed to Plymouth, by the paddlewheel steam sloop
Virago, 6, Commander Dunn, arrived in the Sound
on Sunday afternoon. On Monday she was towed
by the steamers Zephyr, Confiance. Prospero, and
Pike, two on each side, into Hamoaze. The top-
gallant yards and masts. of the Himalaya were
struck on Tuesday, and to-morrow she will probably
be placed in the basin at Key ham steam-yard.
The artisans at Keyham steam-yard are strength-
ening with an iron band the after sternpost of the
screw steamship Orion, 91, Capt. J. B. E. Frere.
They have stripped off the two upper streaks of her
copper and are cleaning her below.
In consequence of the dissatisfaction exhibited
by the smiths and others employed in the gun fac-
tories at Woolwich' on the stipulation of the autho-
rities to equalize the pay of the night-work gangs
with that of those, employed by day, it has been
decided to relinquish the night-work duty in
future, and confine the operations of the depart-
ment henceforth to day-work of 52 hours per week,
without extra weak or overtime.

The examination of candidates for inspectors in
the shipwrights' department
,3•esterday commenced
in the dockyard schoolroom at Woolwich, in the
presence of the Commodore• Superintendent, the
Hon. J. R. Drummond, • Mr. George Turner and
Mr. Philip Thornton, Master and Assistant-Mas-
ter Shipwright of the yard.
His Netherlands Majesty's fine new screw steam
frigate Zeeland, 51 guns, Capt. H. Wipff, from
Flushing on the 21st inst., arrived at Plymouth
yesterday morning. When near the Mewstone she
saluted the flag of Rear• Admiral Sir C. Fremantle,
which was acknowledged by the Royal Albert, 121,
Capt. H. Lacon, then on trial at the measured mile.
In the Sound the Zeeland saluted the Royal •flag,
which was returned from the Plymouth citadel, and
the flag of Port-Admiral Sir B. Reynolds, which
was replied to by the Impregnable,lo4, in Hamoaze.
His Royal Highness Prince Frederick, brother to
the King of the Netherlands, who, with his family,
has been staying some time at Torquay, was ex-
pected yesterday at the Winter Villa, Stonehouse,
the residence of the Earl of Mount-Edgecumbe.