The Sun.
London, England, 1859-04-27 00:00:00

AUSTRALIA:

The Austral has been announced off the Lizard,
from Geelong, with 15,361 ounces of gold, valued
at £61,444.

THE NEW LAW RELATING TO MUNI-
CIPAL ELECTIONS.

The last Act of the late Parliament (22d of Vic-
ctoria, chap. 35) was passed to " Amend the lavr
relating to municipal elections." The object of the
Act is to divide boroughs into wards, the boun-
daries of which are to be fixed and councillors
elected. If two-thirds of the council of a borough
shall agree to petition, and the council shall there-
upon petition her Majesty Sor the division of such
borough into wards, or for an alteration of the
number and boundaries of the wards, her Majesty,
by an Order in Council, may declare the number
of wards into which such borough is to be
divided. Notification of a petition is to be adver-
tised in the London Gazette one month-at least before
the same is to be taken into consideration. The
senior judge of the assize for the summer circuit
x3xt after the order in Council has been made, is
to appoint a barrister for the purpose of determin-
ing the boundaries of such wards and apportioning
the number of councillors of the borough among
such wards. The barrister .so to be appointed is
empowered to set out the boundaries of wards, and
the costs and expenses thereby occasioned are to
be paid and discharged, and the barrister is to be
remumerated at the rate of five guineas a day he
is employed over and above his travelling and
other expenses, out of the borough fund. After
the declaration of the first November election
of councillors, after the division or alterations,
all the councillors for the borough so divided, or
for the wards so altered are to go out of office, and
are eligible to be re-elected, and in the first year
after such election of councillors for the borough
so divided those who go out of office are to be the
councillors who were elected by the smallest
number of votes at such election, and in the next
year those who go out of office are to, be the
councillors who were elected by the next smallest
number of votes at such election, the majority of
the whole council always determining; when the
votes for any such persons have been equal, or when
there was no poll, who are to go out of office. Notice
of the election is to be given by the town clerk of a
borough, and any person entitled to vote may nomi-
nate himself or any other person. Nomination papers
are to be provided, and directions are set forth to be
observed at the elections. For personating a voter
the offender may be committed to the House of
Correction for a period of three months, with or
without hard labour, and a like penalty may be
imposed for forging nomination or voting papers.
For bribery, which is defined in the manner
described with respect to elections for members of
Parliament, a party is to forfeit 405., to be recovered
in a County Court, and if convicted to be expunged
from the list for six years. An appeal is given to
the quarter sessions. All proceedings for pains and
penalties are to be commenced within six months.
The Act to extend to all the municipal boroughs,
and to be cited as " The Municipal Corporation
Act, 1859."

THE IMPUNITY OF CROWNED CRIMINALS.- w
hear a great deal about the law of nations. There is no
such thing. What is law without a judge, or even with *
judge, without a Jack Ketch ? Which of the Monarchs
who threaten to disturb the peace of Europe need hesitate
to execute his murderous design for fear of being banged
in the event of being defeateer—bmch.

- QUARTER TO THREE.
The panic feeling in the City continues, and
further intelligence from the Continent is awaited
with the most intense anxiety.
The underwriters at Lloyd's are now demanding
War risks for premiums of insurance on vessels
to and from the Mediterranean and elsewhere.
The Funds, however, are a shade firmer, Consols
being 92 to -I- for money and account. Foreign
Stocks and Railway Shares are also less depressed,
but after such an extensive fall symptoms of partial
reaction must of course be anticipated.
CITY, Two o'CLocic.
In the general discount market there is still an
active inquiry for accommodation, which, together
with the efflux of gold from the Bank, supports
the quotations charged for negotiating commercial
bag, The tendency is evidently in an upward
direction, and it is expected that the Bank directors
Will soon announce an advance in the minimum to
3 per cent. The quantity of gold lately withdrawn
has caused an important reduction in the bullion,
although the last return gave the total at £18,051,375.
Since then, however, a further diminution has taken
Place. As the shipments of gold to the continent,
and of silver to-the East, are still conducted on an
extensive scale, it is concluded that the authorities
will deem it prudent to modify the existing regu-
lations. The reactionary tendency in the money
been
has increased the depression which has
'eel' occasioned at the Stock Exchange by the
alarrainiadvices from the continent.
A further sum of £40,000 was withdrawn from
the
Bank of England yesterday for exportation to
the continent, and about £140,000 of the £350,000
American gold has been taken for the same
Purpose.

In the Foreign Exchanges yesterday afternoon a
further slight advance was recorded in the rates on
Austria.

The bar silver brought by the last Indian
steamer has been disposed of at ss. lid. per oz.,
Showing a decline of 10, compared with the price
realised by the preceding packet.
Letters from Liverpool report that the Cotton
Market yesterday closed very heavily, and prices
eraained without any material alteration. The
sales were only 3,000 bales. In Railway Shares
a fair amount of business was recorded, and quota-
tions were firmer.
A meeting of the Belgian Eastern Junction
midway Company took place to-day. The report
Was en the whole satisfactory, and showed a slight
4eprovement in the traffic of the year 1858 over
that of ,1857. The net balance of revenue for the
Year was £l,lBO 16s. The report was adopted.
At the meeting of the Royal Mail Steam Packet
Company held to-day, Capt. Mangles, M.P., in the
Chair, a report was read, from which it appeared
that an: increase had taken place on the year's
°Aerations of £7,647,185. 3d. The balance avail-
able.n for distribution for the- half-year was
436,683'185. 9d., out of.which the directors recom-
mend that the ordinary dividend of £2 per share
be declared free of income tax. Thee report was
adopt
C there . was a meeting of the East India Coal
P, anY to-day, Mr. Haymen in the chair, at
In len the -various resolutions passed at the previous
04.eeting for effecting improved clauses in the deed
settlement were duly confirmed; after which
tui) meeting adjourned.
st 4,tense excitement has been experienced at the
h:ea Exchange to-day. The - alliance between
Illssia and France has created general astonish-
met' and the markets for all descriptions of stock
etiParalysed; Serious losses have been sustained,
PeciallY in Turkish Securities and Lombardo-
fart etian Railway ShareS. No less than four
inuores
ci have been already declared, and these
de
nilreseetabeern
hers who have hitherto held a highly
maP
position in the ." house." It is
Vi 117 n Years since a panic of the same
to°ene':ce„ was witnessed, and it is expected
nue, as the position of affairs abroad is now
temost critical. Consols, after being 941, closed yes-.
4.lllaaaY afternoon at 931 :; they have been dealt in
Wt? at 914 I, and frequent fluctuation has since
ni
" Place. The latest quotation is 914 92 for
tooney and account. The New Threes have declined
94, and the Reduced Annuities to 904 914;
'eaequer Bills are flat at 30s. to 355. premium.
india New Loan Scrip is marked 901 to 911, show-
ag a discount of 41 to .31 per cent.
very moderate business is recorded in Foreign
securities, and prices in most instances show a
further considerable decline, Turkish 6 per Cents.
Zing 70 to 75 ; ditto New, 60 to 65 ; Austrian 5
k'e t Cents, have receded 18 per cent., viz., to 45 ;
*tallish Deferred to 26 and 27; Mexican, to 171
!!3,11-; Russian 41 per Cents. to 94; and Sardinian
t; Brazilian 41 per Cents. are rather firmer at
93; and Venezuelan Deferred at 16.
4, further important decline has taken place in
the Railway Share Market to-day. The heaviness
111 the Consol Market; with the preparations for
the settlement of the half-monthly account, having
eaused a depreciation 'of about 2 to 3 per cent: on
most of the principal linoi. Lon don.and Blackwali
have receded ; Eastern Counties,.Lancashire and
,_York.shire, and North Eastern (Berwick), £l.los. ;
North Eastern
(fork), £2 ; Great Western, North
T2Western, and South Eastern, £2.155.; Caledonians,
' and Midland and NOrth :British, £3.105.
ti
ue and
lines were neglected, with the excep-
_ °ll of Lombardo-Venetian, which have receded
bout 2to 3 per cent. The. Old Shares are dealt
at 5 to 51 and 54, and the New at 44, 5, and 61.
limethe Colonial Market the dealings were
dowitned, but b prices finally sympathised with the
West:all:l movement in the English market: Great
C aof Canada receded 10s. ; Grand Trunk of
10s. to 15s. ; and East Indian, £2 to £3.
bee Lcal ad
lt S tock Bank and Miscellaneous Shares have
U
reportatd almost nominal
.rates ; the few bargains
rates e , however, are; . at . considerably reduced
_ z London Chartered of Australia brought 21;
London Joint Stock, 314 ; New South Wales; 474 ;
and Atlantic Telegraph were dealt in at 200.

3 -.CRS OF.FOREIGN FUNDS AT ONE O'CLOCK.
3 per Cent. Reduced Annuities -944 1 90a ill 90
per Cent. Consols Annuities
New 3 per Cent. Annuities , . .... 901 1 901 111 901
Long Annuities, expire sth J;.n , 1860.
Ditto 30 Years, expire sth April,. 188 i:: —l7 11-16
India Stock . ........
............. i
DDitto Loan Scrip
..._.
itto Bonds, £l,OOO -
Ditto under £l,OOO
Consols for Account (May 5) ..... .
iNiarch. J une.
Exchequer Bills, £l,OOO, 2d: &I. . 30 5 1 _
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
Brazilian 5 per Cent.
Ditto 1858, 41 per pent' 93
Grenada New Active, 31 per Cent.
Ditto Deferred 4t
texican 3 per Cent. lB, 17/ 181
nlBsian, 1822, £ St. .5 per Cent
) Ditto 41 per Cent. . 94
671
"4c, rdinian, 5 per Cent
Parish 3 per Cent
7
,nDitto New Deferred, 3 per Cent.
4:urkish 6 p
57 61
er Cent 69
70
...Ditto Account .
vellezuelan 5 per Cent.
Ditto Deferred • 16
4 Dividends on theabove payable in London.
Witlian, 10 Fl, 5 per Cent. 45

TWO OTLOCK.
Consolp,'Money 9ll 2
Consols for Account (May 5)

A —An
theTHE CONFIRMATION AND PROBATE ~.CT. .
was Passed- on the day of the Prorogation to amend.
was
and Piebate Act of last year. All per
:La and corporations who, in reliance on any instrument
h—P'erting to be a confirmation granted under the Con-
relation and Pxobate Act, 1858 ; and all persons and °or-
P°rlati°rili who, in reliance upon any such instrument,
deal under the authority of the Act with the seal of the
,flucipal Court of Probate in England,'or'of the Court of
.rrobate in Dublin, &c , have made payment, or make or
permit
letters any
P.
yment On such confirmation, probate, or
admianikration, are to be indemnified and pro-
htected in so doing, notwithstanding any defect or circum-
onallee whatsoever affecting the validity of such confirms-
, probate. or:letters of administration,
PRICE OF GOLD.—The quotation of gold at Paris
is about at par, and the shortexehangeon London is 25.071
per £1 sterling. On comparing these rates with the Eng-
ish Mint price of £3 17s. 10id. per ounce for standard gold,
it appears that_gold is nearly 4-10 the per cent. dearer in
Paris than in London. By advises from Hamburg the
London
of gold is 4221 per mark, and the short exchange on
London is 13.3 per £1 sterling. Standard gold at the
English Mint price is therefore about 3-10ths per cent.
ll,earer in Hamburg than in London. The course of ex-
?4auge at New York on London for bills at GO days' sight
ls about 1091 10 per cent., which, when compared with the
Il"lint par between the two countries, shows that the ex-
ange is slighly in favour of England ; and, after making
allowance for charges of transport and difference of inte-
rest, the present rate leaves a trifling profit on the itapor •
tatlon of gold &Cul the United States.

Bedford
Stour
jl le 7
te°lt•tl.l. all .
BuckinghamshirehleYl 10011
Clydesdale June tll3• •• • 100. La
& &
NN: 97 99
11
Caledonia 102 104
Colchester,
lE.U.SzE C 164 171 ' •
E.Lincolnshire,g6
E Union,HarwichSPlic 1®
' Gt.Nerth. 135 140 ..
Do. Woodbrld 8 all. E.Counts. 4f, 41
Gls.Barr.kNeilst:e • °Q.
Caledonia•; Do. New ... •: t' ino 100 Do. --
Gloster& Dean • Forest --*
Hartlpool.Dck.SzTtaii, all' Gt. West.
Hull and Selby ... all' Yk.N.&Br
all. Yk.N Md. 109111
. Do. i Shares
... . ..
• Do. i Shares all. Do.
...
aU Do ... —'
London&Greenwich . 100 ' • ...
Do. Preference
Lon.,Tilby.&Soutend lOO • po. .... 115 120
Do. Barking, Shares., all •'_ D
eoto • kCo. 88 92
. •
Lowestoft, gna• 4p. et. 100 • Norfolk . . .
Do. 6 per cent • —• .
100 . Do
Manc.,Buxtn. & Matk. all . LN W•il•ki 2
Midsb.Sz Redcr, g.6p.c. all Stk.& Dar 1 lir
Mid.BradfordPrf. Stk. 100: Midland , •--
. 96 98
Newmarkt.,BuryEx 1 5. 5. au ia._"'J
guaranteed sp.c. ) . ' uts. iI p PIR
Northn.k, Eastn. sp. c. all •• Do. ...... 56 58
Do. do. 6 per cent all • Do. —
Do. Fixed 5 per Cent. all . D 0...
.....
Lk N W • •
Preston and Wyre. 1 all • & Lyk. 1 __
Do. 4 Shares ......A. all " Do.
Rovstn,Hitch.,& Shep NO Gt. North 135 140 ..
Shf. Roth. &G01.g.5p.c. 1811 6 Lan.* Ylt, _
hrowsbry& Hereford all . T Brassoy 9-I
South Staffordshire .. all M'Clcan . 101 101 ..
Wear Valley, g. 6p. c. all . Stk.kDar ——
Do. do,
Wilts and Somerset 'loo ' Gt. ..... 908 929
Wimbledon& Croydn all L.Szßrgts
DOCKS.
Closing Business
Price.
Share Docks. Paid Done.
-----...
. .
Stock Commercial lOO
Stock Do 4 perCent.Pref .Min lOO
Stock East and West India lOO
Stock London lOO fifi
Stock St. Katharine lOO
Stock
Southampton lOO
Stock Victoria
20 Do New lB