The Sun.
London, England, 1858-04-07 00:00:00

ROYAL PRINCESS'S THEATRE.
Proprietor, Mr. Charles Kean.
THIS EVENING will be presented the new farce entitled
THE STOCK EXCHANGE ; or, The Green Business.
After which, will be revived FAUST AND MARGUE-
RITE. Mephistophiles, Mr. C. Kean.
To conclude with (for thesecond time) a new farceseentitled
SAMUEL IN SEARCH OF HIMSELF.

by their "sayings," but by their " doings," who
wish rather to exceed than to fall short of their
promises, and, instead of cautiously concealing
t heir intentions, place them fairly before the com-
munity, and invite discussion and criticism!
The objects of the bills are similar. The
guiding principle in both oases is to substitute the
direct government of the Crown for the moribund
Company, now " stretched on its political death-
bed." The details on which differences may arise
consist of—the number and composition of the
Council ; and the qualification, if any, that should
be required in its members. Surely these are
matters that may be temperately and fairly dis-
cussed in committee, without being made the
topics of such virulent and incessant attacks,
which may, however, defeat themselves, as they
must disgust every disinterested and independent
man who is disposed to consider both measures on
their substantial merits.

LNTEST NEWS.

BERLIN, APRIL 6.

Letters from Vienna of this day's date state,
on positive information, that the report of the
National Bank of Moldavia having suspended
payment is confirmed.

TRIESTE, APRIL G.
The Turkish troops who disembarked at Kleck
have encamped at Stolaz.
It is said that 6,000 Irregulars are concen-
trated at Kuczko.

The Rayahs have refused to obey their chief,
Vukalowich.

There has not hitherto been any collision.
The Montonegrins remain quietly within their

'rontierP.

It is said that the Budget will be introduced
on Friday the 16th instant, and that on that day
the Chancellor of the Exchequer will have the
opportunity of propounding his financial scheme,
and exhibiting qualifications for the most arduous
and least popular office in the gift of the Crown.
The duties on the present occasion will be pecu-
liarly difficult. The Right Hon. Gentleman must,
as the Lord Mayor remarked, provide for " the
little bill" bequeathed by his predecessor, for which
he himself is in no way responsible. He will not
be troubled with a surplus, the great stumbling
block of Sir CHARLES WOOD, when he occu-
pied the position. He has succeeded to a
damnosa hereditas, Insolvent Estates which
he must manage so as to pay all
claimants, It is not, at this moment,
that there is a deficiency. As yet there is enough
in the Exchequer to pay all demands. But there
are matters coming to maturity that must be
met, and for which Mr. DISRAELI must provide
the ways and means. There will be a deficit of
at least six, and probably nearer seven, millions
to be made up, of which three and a half millions
may be regarded as payment of capital—viz., the
2,000,0001. of Exchequer Bonds falling due in
May (with an equal amount next year), and
1,500,0001. sinking fund towards the liquidation
of the war debt.
The Exchequer Bonds could be renewed with
the greatest facility, and as wo have repeatedly
pointed out, they ought to be renewed. It was never
intended at the time of the "ventilation" of the
GLADSTONE abortion that the stock, for which
notice of payment was given, should all be re-
deemed in money. A different kind was ten-
dered for acceptance, which it was supposed would
have been eagerly accepted. Even the Oxford
pet would scarcely have proposed denuding the
Exchequer of its balances for the purpose of pay-
ing off ten millions that were totally uncalled for.
Nor would he, after the breaking out of the
Russian war, have ventured in his place in Parlia-
ment to designate it as " a valuable finan-
cial demonstration." It was intended that
it should remain a portion of the debt,
and the tax-paying community of the present
generation have a right to demand that the
2,000,0001., improperly paid last year, should be
replaced in the Exchequer, and the 2,000,000/.
falling due in May provided for by the issue of
new bills. This would at once give 4,000,0001.
sterling, or perhaps a little more ; as in the pre-
sent state of the money-market they would pro-
bably sell at a handsome premium, which would
go far towards meeting the anticipated defi-
ciency.

But the income-tax is also to he reduced to
5d., by which there will be a loss of 2,000,0001.
to the revenue. There can be no doubt that
Sir G. C. LEWIS would propose that matters
should remain in state quo for the next two
years, and Mr. DISRAELI might do the same,
although he objected because it wai not clear that
it would be required. But circumstances changed.
The Indian mutiny broke out and heavy expenses
were entailed on the country—expenses which
occasion a consideratble portion of the deficit.
But still we hope that the Right Hon.
ourable Gentleman will do better. He has
a glorious opportunity of carrying out that
which was the great feature of the
Budget of 1852—a discrimination between
permanent and precarious income. Let him, then,
let the latter receive the benefit of the reduction,
but increase the former to tenpence. He would
thus obtain an increase of about 2,250,000/., of
which half would be received during the current
year. With that, and a renewal of the Exchequer
Bonds, he would be enabled to liquidate all de-
mands, and keep up the character in pecuniary
affairs which Great Britain ought always t 3
maintain.

TUE SUN, LONDON, WEDNESDAY EVENING, APRIL 7, IRIS.

THE AUSTRALIAN MAILS.

SOUTHAMPTON, TUESDAY.

The Royal mail steam ship Tamar, Capt. John
H. Jellicoe, arrived this day, at one o'clock, with
the heavy portion of the Australian mails.
On the outward voyage the Tamar arrived at
Malta at 11.50 p. m. 20th March, having experienced
strong westerly and W. N. W. gales on the 13th and
14th ; afterwards fine weather. Sailed 21st, at
9.20 a.m., and arrived at Alexandria on the 241 h,
at 11 a.m. Sailed 25th, at 6.50 p.m.; arrived at
Malta, 28th, at 2.5 p.m. and sailed the same day
at 10 p.m. Home the iamar experienced as, roug
westerly gale in the Mediterranean, thick foggy
weather off the coast of Portugal (going slow for
eight hours), south-westerly winds across the Bay,
and strong easterly wind from Portland.
The latest dates are, Alexandria, March 25 ;
Malta, March 28.
She brings 91 passengers, 40 packages of specie,
of the value of 126,9911. 7s. 7d.; and the following
cargo-1 bale of silk, 5 bales of wool, and 32
packages of sundries.
Ships at Alexandria—Her Majesty's ship Cara-
doc, and the usual Egyptian fleet. The Peninsu-
lar and Oriental Company's steamer Malabar, from
Southampton, arrived on the 25th at six a.m. •, and
Vec.is, from Marseilles, arrived on the 25th, at
five p.m.
Ships at Malta—Her Majesty's ships Royal Al-
bert, Conqueror, Princes Bo) al, Centurion, Tar-
tarus, Vulture, Cygnet, and the Prussian frigate
Thetis.

April 5, at five p.m., 20 miles south-west of
Ushant, passed the Peninsular and Oriental steamer
Colombo, steering south.

NEW SOUTH WALES.

The prolonged absence of the December mail from
England, now some days overdue, has created even
greater anxiety than usual, in consequence of the
commercial agitation that was prevalent at the Ilse
of the last advices. The mail f r England is now
being made up at the Sydney Post-office, and the
Simla, which takes it to Suez, will sail to-day. This
noble ship has a full complement of passengers, of
whom our colonial families alone can count 34 per-
sons. The seniors of them, having found the streets
of Sydney as pis lific of gold as, in the day dream of
Whittington, appeared those of the British metro-
polis, go home to enjoy the reward of their exile,
and the ycung scions to obtain the advantage of an
English education.
Notwithstanding that commercial affairs have for
some months remained in a very depressed state in
Sydney, we have not to record such disastrous
failures as have been experienced in the adjacent
colony. The principal failure here has been that of
Mr. Henry Fisher, merchant, which occurred very
recently, and was occasioned by large speculations
in sugar and flour. The liabilities are about
125,0001., and the creditors have been offered a
shilling in the pound, which has been refused ; and,
if no better proposal is made, the estate will be sur-
rendered to the Insolvent Court. The failure of
Mr. Fisher has led to that of Purkis and Lambert,
auctioneers, who acted as his agents, and endorsed
his bills to a large amount. In their schedule they
state their liabilities at about 100,000/., and their
assets at 70,0001., leaving a deficit of 30,0001. An-
other auctioneering firm, heretofore in good com-
mercial repute and carrying on an extensive busi-
ness, has succumbed to the pressure from without.
Another general election to the Parliament of
New South Wales is just over—the third under
what is called the new constitution and representa-
tive
government. That it has not hitherto worked
favourably for the colony the frequent changes of
ministry testify. The last cabinet, like the pre-
ceding one, resigned in consequence of not being
able to carry a bill for facilitating the sale of crown
lands. Whether the present miuistry, with Mr.
, Cowper at its head, will be able to settle the qucestio
vexata, remains for the future to decide. The sub-
ject is a difficult one to deal with. It is argued
that if the upset price of the colonial lands be fixed
' too high (11. per acre is proposed) persons oflimited
means will be unable to buy ; if at low price
the probability is that men of capital will monopolise
it, to sell at a profit. Numerous are the devices pro-
posed to meet the contemplated contingencies, and
as there are so many interests concerned, and the
squatters (as the occupants of the pastoral lands
are called) are a powerful and influential body, any
ministry must find it an arduous teak to balance the
antagonisms. Desirable as it is that facilities should
be given to persons who would devote labour as well as
a small capital to the cultivation of the fertile but
now waste lands of the colony, it must not be lost
sight of that the squatters are the producers of the
main staple of our colonial wealth, wool and tallow,
and that they have a right to demand protection
for what are to them, or ought to be, vested in-
terests. This subject will be one of the earliest to
be discussed by the new Parliament, and the settle-
ment is looker forward to with much anxiety.
Mr. J. H. Plunkett, who has been f ,r nearly ten
years the chairman of the Board of National Edu-
cation., has just been dismissed from that gratuitous
office by the Colonial Secretary, on the frivolous
pretence that the board had adopted certain regu-
lations not strictly in ace rrdance with the Act of
Council by which it was constituted. Mr. Plunkett
has since resigned his seat as President of the Le-
gislative Assembly, and all offices which he held
under the government, as, he says, " the reign, of
terror has commenced." A requisition to the Mayor
is in course of signature, requesting him to convene
a public meeting of the citizens in Hyde-park, to
protest against such an arbitrary exercise of official
authority as that of Mr. Cowper. It is very likely
that the result will be a resolution calling upon him
to resign. Mr. Plunkett is so generally popular,
particularly among the Roman Catholics, of whom
he is leader, that had the occurrence taken place
before the elections, Mr. Cowper would undoubt-
edly have lost his seat for Sydney.
Intelligence was received here yesterday of an
extensive forgery, cominit'ed by a Spaniard, named
De Miranda. When he arrived here, which was
very lately, he brought highly respectable intro-
ductions, and represented himself as a purchaser of
land for vine-growing in New south Wales, and
was the agent of Baring Brotitr,, of London. He
has succeeded in negotiating bills to the amount of
about 20,0001., which have since turned out to be
forgeries. An officer is gone to Melbourne in quest
of him.

The tide of emigration to these colonies has not of
late flowed so abundantly as heretofore. The Tele-
graph arrived here last week from Liverpool with
397 government emigrants ; and within the past
fortnight nearly 2,000 Chinese have been brought
in American bottoms from Hong Kong. The
Chinese are perseverieg, and generally successful,
gold-diggers, when they adopt that pur3uit, and
many of them make money by charcoal-burning,
in which they excel.

Four seamen, the ringleaders in a mutiny on
beard an American whaler, the murder of the
captain and other officers, and the taking forcible
possession of the ship, have boon apprehended at
Twofold Bay, and brought on to Sydney. They
have undergone several examinations, the principal
evidence against them being the mate, who, under
pain of death, was obliged to steer the vessel to
some Australian port. They will be sent to America
for trial.

The electric telegraph between Liverpool and
Sydney (22 miles) is now in working order, and
there is also a communication between the Ex-
change and the Heads. In one day last weak about
6,000 persons were ad►nitted to witness the opera-
tion of the machine.

The ne-v lighthouse at the Heads (where the
Dunbar was wrecked) is nearly completed, and will
be shortly ready to receive the lantern.
Among the new structures that are making pro-
areas in Sydney, are St. Andrew's Church of Eng-
land Cathedral, St. Mary's Roman Catholic Cathe-
dral, St. Philip's Tower (to receive a peal of eight
bells given by Mr. Johu Campbell), splendid build-
ings for the Bank of Au,tralasia, the English,
Scottish, and Australian Chartered Bank, and the
Oriental Bank, an observatory, and the bridge to
the suburb of Pyrmout, now separated from the
city by Darling harbour ; the opening of this last
will take place in about a fortnight.
The railway extension line from Liverpool to
Campbell-town is being industriously proceeded
with, and will be completed in a few months. Our
railway communication will then be about 36
miles, a very respectable beginning.

Henry Watt arrived in Newcastle on Friday night by
the Government train from the south. He will stay for
some time, it is said, at the house of his parents in
Argyle-street.

iIIE WILL OF A MILLIONNAIRE.—The Evening Mail
states that the late Mr. Q.Jintin Dick, who was privately
interred in Dublin ou Saturday, died worth considerably
over a million of money. will directs that all secu-
rities standing in the public lands and elsewhere shall
be turned into cash, and the vast proceeds invested in
the purer ase of land in Ireland. To his only sister, Mrs.
Hume, of Fla woo'', be has left a life intsrest in the
property thus to be acquired, and after her death, her
son, Mr. W. F. Hume, one cf the members for the
county of Wicklow, is to inherit the whole, subject to
the payment of a few trifling legacies. The will bears
date upwards of 14 years since. A million sterling, in-
vested, say, in land, ought, in the present state of the
market, to produce something like 50,0001. per annum.
The &carved had plainly more faith in the stability of
Irish property than the late Sir Robert Peel, whose
memorable caution t‘.) his tru,tees against in-
vestments in Ireland formed a curious ftature in the will
of the great statesman. "But not in Ireland " are words
that denoted misgivings which in the present state of
the country seem a little out of place.