The Sun.
London, England, 1859-01-18 00:00:00

HAY MARKETS

SMITIIFIELD.—Meadow hay, £2 153 to £4 12s ; clover,
do., £4 Os to £5 Os; and straw, £1 5a to £1 lOs per load.
Trade rather heavy. Supplies moderate.
CUMBERLAND.—Meadow hay, £3 Os to £4 12s; clover
do., £4 Os to £5 Os; and straw, £1 6s to £1 108 per lead.
A fair demand, at our quotations.
WHITECHAPEL.—Meadow hay, £3 Os to 10s ; clover
do., £4 Os to £5 5s ; and straw, £1 6s to £1 12s per load.
Both hay and straw moved off steadily, at our quotations.

THE NEW TRADE REGULATIONS IN

CHINA.

The North China herald has the following im-
portant regulations which are appended to the
Treaties of Tien-tsin :
I. In the present newly-arranged tariff all articles
which are only mentioned amongst the imports and
not amongst the exports, and which may be, how-
ever, hereafter exported, shall pay duties according
to the import half of the 'tariff ; and all articles
which are only mentioned amongst the exports
and not amongst the imports, and which may
be, however, hereafter impOrted, shall pay duties
according to the export half of the tariff. All une-
numerated articles in the import and export tariffs,
and which may not be classed amongst the articles
under the head of " duty free," shall pay an ad va-
lorem duty of 5 per cent.
11. Foreign gold and silver bullion, and foreign
gold and silver coins, foreign grain, flour, rice, bis-
cuits, preserved meats, preserved fruits, cheese,
butter, preserves, clothes, gold and silver ornaments,
silver plated ware, scent, soap, coals, firewood, can-
dles, tobacco, tobacco leaves, wines, spirits, malt
liquors, household articles, articles or stores required
for ships, bedding, paper, pens, ink, carpets, knives,
physic for use of foreigners, glass, glass ware, shall
be exempted from paring duties on entering in or
going out of port. With the exception of gold and
silver bullion, foreign money, clothes and bedding
which vessels may have on board only, vessels
bringing any of the abovementioned articles will be
compelled to pay tonnage dues.
111. The import and export of gunpowder, iron
shot, guns (cannon), small arms, and other military
weapons, and native salt, are strictly prohibited.
IV. It is now fixed that the following weights
and measures are to be employed in the carrying
out of the tariff :—Orie Chinese pecul is equal to
100 Chinese catties, or 133 1-3 d lb. English ; one
Chinese Chang, or 10 Chinese feet, is equal to 141
inches ; one Chinese foot is equal to 14 1-10th Eng-
lish inches ; 12 English inches are equal to 1 foot
English; three Englishfeet are equal to 1 yard; and
4 yards less 3 inches, are equal to 1 Chinese Chang.
V. Hitherto it was prohibited to trade in opium
(foreign medicine), copper cash, rice, peas, beans,
saltpetre, brimstone, and lead ; it is now however
stipulated that hereafter these articles may be
bought and sold under certain restrictions. Opium
shall be permitted to be imported on paying a duty
of 30 taels per pecul. Foreign merchants are, how-
ever, only permitted to sell it at the treaty ports,
and will not- be permitted to take it to other places
for sale, at which it will be viewed in the light of
property belonging to Chinese. Chinese merchants
are alone permitted to take opium into the interior
of the country ; and foreign merchants cannot take
charge of it for the purpose of conveying it into the
interior of the country. Hence the tenor of the 9th
article of the Tien-tsin Treaty, permitting British
subjects to proceed into the interior to trade under
a passport system, and the tenor of the 28th article
of the same treaty respecting, the transit duties,
have no doubt been trading in opium. With respect
to the transit duty on opium, such will be left to
the arrangement of the Chinese Government. With
respect to copper cash, it is prohibited to export it
to foreign countries, but foreigners may export it
from treaty ports to treaty ports, where it will be
dealt with according to the imesent established re-
gulations, viz., by the merchants concerned giving
bonds to the custom house. Should they not fulfil
these bonds, the copper cash, on being seized, will
be confiscated. On the copper cash reaching the
treaty port to which it shall be the intention to
send it, no duty will be charged on it. Vessels
which transport copper cash, be it a small or a large
quantity, will have to pay tonnage dues. Rice of '
China, or foreign rice, if once imported, cannot be
exported to a foreign country; but Chinese rice and
foreign rice may be exported to other treaty ports
under the same conditions as copper cash. British
merchant vessels are prohibited exporting peas,
beans, pea and bean cakes, frqm Newchang and
Tangchow. At the other treaty ports there are no
such restrictions, and they may export these arti-
cles even to foreign countries. Saltpetre, brim-
stone, and spelter can only be imported when pur-
chased by the Chinese authorities, or by Chinese
merchants holding licences permitting them to do
so. British merchants are only permitted to sell
these articles at the treaty seaports, and are pro-
hibited importing them up the Yangtsze. If British
merchants violate this stipulation, then the salt-
petre, brimstone, and spelter will, on seizure, be I
confiscated.

• VI. British vessels shall act in accordance with
the 30th and 37th articles of the Tien-tsin Treaty,
on coming to the treaty ports.
VII. The transit dues are now fixed at one-half
of the duties which are to be levied at the
treaty ports, being in accordance with the tenor of
the 28th article of the .Tien-tsin Treaty. Those
commodities which, according to the 3d article of
this regulation, are exempted' from 'paying duties
at the treaty ports, shall on going into the interior
of the country, pay transit duties at the rate of 2+
per cent. ad valorem. On foreign merchants taking
merchandise into the interior, they must report
such at the custom-houses at the treaty ports, and
pay the transit duties, when they will receive re•
ceipts, to be produced en route, and which will pre-
vent them paying any further transit duties. On
British merchants phrchasinggoods in the interior
they will report the same-at the first inland custom-
house, where they will receive a certificate, and on
their arrival at the treaty port they will produce
the certificate and pay the inland duties. Should
they violate this regulation and en route secretly sell
the goods, on their seizure they will be confiscated.
VIII. In the 9th article of the Tien-tsin Treaty,
it is stipulated that British subjects, provided with
passports, will be allowed to proceed into the inte-
rior of the country ; it is now, however, stipulated
that British subjects cannot proceed to Peking to
trade.
IX. British merchants will not hereafter be called
upon to pay the shroff fee of 1 tael 2 mace on the
payment of duties to the Custom-house.
X. Regarding the collection of the foreign duties
certain Chinese high officers will be appointed for
the collecting them, who will either themselves or
some of their special subordinate Chinese officers,
or some British subjects engaged by them for that
purpose, superintend such collection. Regarding
the anchoring of the vessels, the placing of buoys,
erecting of lighthouses, &c., the Chinese Govern-
ment will arrange such, and bear the necessary ex-
pense from the tonnage dues.
The new tariff has also been published. It shows
a reduction on many articles of import of nearly
one-half of the duties, and about one-third of those
on exports. The reduction of the duties on the
import of cotton is considered of most importance
to the commercial world.

THE GREAT DRAINAGE WORKS AND
THE BANK OF ENGLAND.

It is said that Government have decided upon
the mode of raising the large funds destined for the
extensive drainage works which are now contem-
plated with a view to the purification of the River
Thames. It has been definitively arranged that
the Metropolitan Drainage Commissioners shall be
authorised to issue bonds to an amount not exceed-
ing £3,000,000 sterling, on which Government gua-
rantee 3/ per cent. per annum interest. The other
parties to the arrangement are the Bank of England,
who have agreed to take the bonds, in sums of not less
than £50,000 at a time, at such periods as the
Drainage Commissioners may require to issue them.
In like manner the Commissioners will have the
option of redeeming the bonds in sums of £50,000
each, whenever they deem it right to do so. The
latter proviso will obviate the objections of those
persons who, in the present state of the money
market, might be jealous of the preference given to
the Bank, and anxious to take a portion of the new
Government securities. The Drainage Commis-
sidners will have, in fact, an open credit of
three millions at' the Bank of England, which
they may draw upon, or not, at their con-
venience. No other establishment could ac-
cord similar facilities upon sd important a scale.
Theinterests of the public appear to be duly-
consulted in the arrangement, since a work of pri-
mary necessity to 3,000,000 of souls will be facili-
tated, and no disturbance of the money market can
possibly be occasioned. The money will be ex-
pended on the spot, and the entire transaction, con-
sidered in a pecuniary sense, will be kept within a
very narrow circle. 'the advantages to the Bank
of England are obvious. That establishment will
be enabled to employ their surplu's resources at a
remunerative rate of interest in the safest possible
securities, and they will doubtless, in addition, have
the keeping of the Commissioners' banking account.
Ultimately, as the proceeds of the rates which will
be levied on the metropolis flow in, the bonds will
be paid off, but this consideration appertains to the
future.

The Ladies Cornwallis and Lady Julia Corn •
wallis have arrived in town from'Linton, Kent.
Sir James Clark has gone to Prussia to be in
attendance upon the Princess Frederick William at her
confinement, now daily looked for.
The Right Hon. C. B. Adderley left London
yesterday for Windsor Castle upon a visit to the Queen.
THE SUPPOSED MURDER AT DUDLEY.—The
adjourned inquest on the body of Mary Ann Townshend,
was resumed yesterday afternoon at Dudley. The jury
returned the following verdict, " That the death of the
deceased was attributable to suffocation, produced by exter-
nal pressure, but how or in what manner that external
pressure was produced, no. sufficient evidence has been
offered." Townshendwas then liberated, being told by the
coroner that his previous good character had thrown sus-
picion off his shoulders. •