The Sun.
London, England, 1858-02-09 00:00:00

NAVAL AND MILITARY INTELLIGENCE.

THE BANK OF ENGLAND.

The following is a copy of a letter from the
Governor and Deputy Governor of the Bank of
England to the First Lord of the Treasury and the
Chancellor of the Exchequer, respecting the enlarge-
ment of their issues beyond the limit fixed by the
Bank Act of 1844 (in continuation ofcorrespondence
presented to Parliament on the 3d of December,
1857) :
. . . _ _

"Bank of England, Feb. 4, 1858.

"My Lord and Sir, —ln compliance with a wish ex-
pressed by the Chancellor of the Exchequer that we
should furnish you with an offioral account' of the
course adopted by the Bank of England in respect of the
permission granted by the 21st of Victoria, cap. 1, to
issue notes in excess of the statutory limits previously
laid down, we have the honour now to address you,
and to state that the Bank of England have used the
powers so vested in them to the extent of two millions,
as shown in their weekly accounts. The Bank com-
menced to take note% from the issue department on the
13th of November last, and on Thursday, the 24th of
December, they reduced the rate of &mount to 8 per
cent., or below 10 per cent., whereby the suspension
of the act of the 7th and Bth years of her Majesty ceased
and determined ; and the whole 2,000,0001. were tram-
ferred to the issue department accordingly. Tuat
' public notice,' as directed by the 2d clause of the Act
21st of Victoria, cap. 1., was duly published in the
Gazette on the following Frilay.
"The purposes to which the excess of issue should be
applicable having been prescribed in your letter of the
12th of November to be, to enable the Bank in that
emergency to meet the demand for discounts and ad-
vances upon approved securities,' it may be necessary to
state what portion of the said 2,000,0001. were actually
made ase of and employed as directed in discounts and
advances to the public.
"The greatest amount issued to the public on any one
day was 928,0001., and the minimum 15,0001., ora daily
average of 488,8301. for 18 days, the period during which
any portion of the 2,000,0001. were out of the bands of
the Bank. The remainder was throughout unemployed,
and was retained in the banking department till the
whole 2,000,0001. of notes were returned to the issue
department on the 24th of December, and the securities
withdrawn therefrom. The total reserve on the previous
day was 7,971,0001.
"It may be observed that, as respects the position of
the Bank of England accounts, an earlier period might
have been selected for thereturn of the notes, as, in case
of their becoming again necessary, recourse might be bad
to the issue department as before ; but the court deemed
it preferable that this partial measure should be deferred
till they could with prudence reduce the rate of discount
below 10 per cent., by which the powers granted by the
act would at the same time be brought to a termination.
" We append a daily statement of that portion of the
notes actively employed with the public during the 18
days above alluded to.

j"
We have the honour to be, my Lord and Sir,
" Your most obedient savants,
" SHEFFIELD NEAVE, Governor,
BONAMY DosneE, Deputy Governor
"To the Right Hon. the First Lard of her
Majesty's Treasury and the Ccancellor of
the Exehequ€r."

An Account showing the extent to which the Bank of
England availed itself of its power, under the autho-
rity cf government, to issue notes t the public beyond
the limit allowed by the Act of 1844 :
Notes issued to the Public
on Securities beyond the
Statutory Limit of £14,475,000.
1857, November 13 186,000
14-15
Of 16
x 60,000

f /I 17 830,000
PI 18
St 19 b95,000
I, 20 928,0 0
ft 21-22 6.7,000
PI, 23 397,000
~ 21 317,000
if 25 Bl,OOO
„ 26 243,000
f P 27 312,000
Pt 23 —29 184,000
30 15,000
Average of 18 days 488,830
Bank of England, Feb. 3.

The following General Order, relating to the aug
rr entatim of the army, has been issued from the Horse
Guards :

"Her Majesty having been pleased to approve all
regiments and battalions of Infantry (font-guards and
colonial corps exoepted) being formed into 10 service
and two depot companies, the establishment will be
divided as under.

"This arrangement is not to be carried into effect in
regard to the second battalions lately or in the course of
being raised, except upon special instructions.
"Regiments or battalions in India :
Ton Service Two Depot
Companies. Companies. Total.
Field officers
Captains
Lieutenants
Ensigns 8
Staff
Sergeants
anmtnera
Rank and file ' l,OOO ...... 200 ... 1,200
"Regiments or battalions at home and in the
colonies :

Ten Service Two Depot Total.
Companies. Companies.
Fiell Officers
Captains
Lieutenants l2 ..... 2 ... 14
Ensigns 8
Staff
Sergeants . 46 ...... 10 ... 56
Drummers
Rank and file

" Highland regiments have a pipe-major and five
pipers in addition, who are invariably to belong to the
service companies.
" By command,
"G. A. WETHERALL, Adjutant-General."
The Commander-in-Chief, accompanied by Gen. Sir
Hew RM, G. 0.8., Adjutant-General to the Itlyal
Artillery, went down to Woolwich yesterday morning,
and inspected a batch of troop horses recently arrived in
that garrison from Ireland ; and, attended by Major-
General Sir W. F. Williams, K.C.8., and staff, visited
the encampment on Woolwich-common, and afterwards
examined and approved the newly-appointed mess
stoves.

The freight-ship Lady M'Naghten, belonging to
Messrs. Dunbar and Co., has arrived at Woolwich, laden
with returned military stores from Gibraltar.
An officer from the Rays! Artillery, Royal Marines,
and Coldstream Guards attended—according to directions
from the Horse-Guards—at the barracks of Clonmel on
Tuesday and Wednesday last, for the purpose of receiv-
ing volunteers for the line from the Ist Royal Surrey
Regiment of Militia. This gallant corps loyally
sporided to their country's call, and by 2 p.m. on
Wednesday upwards of 60 fine fellows were medically
inspected and passed.
The following appointments were male yesterday at
the Admiralty :
Commander C. Goldfinch to the packet service at
Liverpool, vice Bevis; Commander W. C. Dre we to
the Coast-guard service ; Lieut. A. Solway and Lieut.
A. C. F. Heneage, additional, to the Royal Albert ;
Lieut. H. Coventry to the Madagascar ; Lieut. C. Smith
to the Hastings ; Mr. Vans Clarke, eurgeon, to the
Crocodile ; and Mr. F. Hardioge, assistant-surgeon, to
Haslar Hospital.
Cmitnanders E. Norcott, Samuel Mercer, A. Smith,
R. G. Welch, N. N. Taylor, G. C. Mends, J. ♦.
Abbott, J. G. Dick, J. L. Stoll, P. /Lipman, .J.
G. M. Mathison, J. R. Ward, J. Cheere, E. R. Nott,
W. Bays, J. W. Finch, J. A. Macdonald, G. Mason,
and R. Robinson, were yesterday promoted to the rank
of captains on the reserved half pay list.

sPoRrINN INTELLICENVE.

TATTE RSA LL'S -MONDAY.

A large attendance and little business. The Lincoln
events were not mentioned. and the Spring Handicaps
and the Derby were speculated upon with marked
caution. The principal movements were those which
caused the advance of ♦damas for the Cheater Cup,
and Cock-a-doodle-doo for the Derby. For the latter
event, offers were made to back Mr. Bowes's horse against
anything, " bar Clyde-dale," in whose favour abut 2001
were invested, at 10 to 1. The Hadji was iu good
demand, at the odds quoted.

LIVERPOOL STEEPLECHASE.
12 to 1 aget Little Torn (taken and offered)
15 to 1 aget The Brewer (taken)
15 to 1 aget Lough Bawn (taken)
500 to 30 agst Tom Moody (taken)
500 to 15 eget Joe Graham (taken)
TWO THOUSAND.
100 to 30 agst Clydesdale (offered)
4to 1 apt Brother to Marchioness (offered)
100 to 7 aget Mentmore (taken)
100 to 7 agst Toxvbilite (taken and offered)
100 to 6 aget Coiwold (taken)
40 to 1 aget Brother to M trcbioness winning
this event and Clydesdale the Derby
(taken)
50 to 1 aget Brother to lltarchioneas winning
, this event and Cock-a-doodle-deo the
Darby (taken)
CITY AND SUBURBAN HANDICAP.
16 to 1 eget Schiedam (taken)
CHESTER CUP.
100 to 6 aget Adamas (taken)
20 to 1 agst, Brother to Marchioness (taken and
offered)
20 to 1 agst Blink Bonny (offered)
30 to 1 agst Melisca (taken)
33 to 1 aget General Bosquet (taken and offered)
40 to 1 aget Botany (taker))
50 to 1 agst Dulcamara (taken)
DERBY.
10 to 1 agst Clydesdale (taken)
16 to 1 agst Cock-a-doodle•doo (taken)
20 to 1 eget The Hadji (taken)