The Sun.
London, England, 1859-04-15 00:00:00

THIRD READINGS.

The following bills were severally read a third time :
Glasgow Public Works and Galleries of Art ; Kingstown
Water ; York Improvement ; Bombay, Baroda, and Central
India Railway ; and Ipswich Fisheries.
RED SEA AND INDIAN TELEGRAPH COMPANY.
On the motion that this bill be read a second time,

Lord STANLEY of ALDERLEY complained' of the
agreement entered into by the Treasury with this
company. By that agreement four and a-half per
cent. was guaranteed the company on a capital of £BOO,OOO.
He thought the Government ought to have undertaken the
construction of the telegraph ; it could have borrowed money
at 3i per cent., instead of !guaranteeing a public company
41 per cent., and, in the event of a great success, reaping
the whole of the benefit. Some of the provisions of the
contract he thought monstrous, and it not only
gave the company the power of laying down a telegraph
between Suez and Kurrachee, but in anyplace that it might
think desirable. He was of opinion that Parliament ought
not to give its sanction to the arrangement.
The Earl of DERBY thought that the bill would re-
ceive as much attention as a private bill as it would if in-
troduced as &public one. The noble lord opposite laboured
under a mistake with respect to the amount upon which 4i
per cent. had been given. It was true £BOO,OOO was the
capital of the company, but it was not upon that sum
that the interest was guaranteed but upon the sum actually
spent in laying down the telegraph. In the event of the
telegraph not being completed the contract would fall to
the ground.
The Earl of ELLENBOROUGH tho ught the Govern-
ment had taken the proper course. He thought it unfor-
tunate to overestimate the importance of the pro-
posed communication with India in a political
and military point of view. He had himself
on a former occasion advocated the establishment
of such a telegraph, and it would in the present instance be
absolutely impossible for the company to advance a single
step in the work without the co-operation and support• of
the Government. _

Lord WODEHOUSE agreed in many of the observa-
tions of the noble lord below him (Lord Stanley ,of Alder-
ley). It would be impossible to attach too much importance
to the establishment of a rapid communication with India,
but in doing so it was necessary to have a company in a
sound financial position. If this bill was rejected it would
no doubt cause great delay ; but he thought notwithstand-
ing that the Government ought to reconsider their deter-
mination.
The Earl of DONOUGHMORE hoped the house would
assent to the third reading of the bill. At the end of the
present month telegraphic communication would be esta-
blished between Suez and Aden. _

Lord STANLEY of Alderley said he did not wish to op-
pose the bill, but he hoped further progress would be stopped
until Parliament had had an opportunity of considering the
agreement.
The Earl of DERBY said he had no objection, only great
delay would be the result of postponing the bill for the pre-
sent session, and allowing it to be taken up with other pri-
vate bills next session.

The third reading of the bill was accordingly postponed.

EDUCATION IN INDIA,

The Duke of ARGYLL called the attention of their lord-
ships to a letter from the Earl of Ellenborough, President
of the Board of Control, to the chairman and deputy-chair-
man of the East India Company, dated April 28,
1858, and moved that a humble address be pre-
sented to 'her Majesty for a copy of the regulation
and conditions under which the grants in aid of schools are
afforded by the Government of India ; and also for a re-
turn of the number of schools which have received such
grants, distinguishing those which are under native man-
agement and those which are conducted by Europeans, and
of the amount of such grants in each case.
(LEFT SITTING.)

HOUSE OF COMMONS—(Tms EVENING).

The SPEAKER took the chair at four o'clock.
PRIVATE BUSINESS.

The amendments to the following bills were considered
and agreed to, and the bills were ordered to be read a
third time :—King's Lynn Waterworks, Markets, and
Borough Improvement; Tavistock Markets, Streets, and
Improvement ; Leominster and Kingston Railway.
Ihe following bills were read a third time and passed :
—Carlisle and Penrith, &c., Roads, Caterham Railway,
Central Wales Railway, Commercial Docks Amendment,
Dundee and Newtyle Railway, London and South Western
Railway, London, Brighten, and South Coast Railway,
Mountsorrel Railway, Vale of Neath Railway, Fishguard
Harbour Improvement, People's Provident Assur-
ance Society, Scarborough Gas, Standard Life
Assurance Company, Victoria (London) Docks, Bel-
fast and Londonderry Junction Railway, Cork and
Kinsale Junction .Railway, and Tralee and Killarney
Railway.
The Westminster New Bridge Bill was read a second
time after some discussion.
SAVINGS BANKS.

Sir S. NORTHdoff moved for returns from each sav-
ings bank in England and Wales, Scotland and Ireland,
containing, in columns, the names of the officers, their re-
spective salaries, and other allowances, if any ; the amount
of security each gives ; the number of accounts remaining
open; the total amount owing to depositors; the total
amount invested with the Commissioners for the reduction
of the national debt ; the rate of interest paid to depositors
on the various amounts of deposit, and the average rate
of interest on all accounts; and the total amount of
the separate surplus fund, on the 20th day of Novem-
ber, 1857, and on the 20th day of November, 1858, respect-
ively ; the rate per centum per annum on the capital of the
bank for the expenses of management ; the annual number
of receipts from depositors ; the annual number of pay-
ments ; the average amount of receipts ; the average
amount of payments ; the number and amount of annuities
granted ; the annual expenses of management, inclusive of
all payments and salaries, for the years ended the 20th day
of November, 1857, and the 20th day of November, 1858 ;
also the year in which business commenced in each bank,
and the name of the day or days, and the number of hours
in the week on which the banks are open for the deposit
and withdrawal of monies (in continuation of Parliamen-
tary paper, No. 55, of session 1857).—Agreed to.