The Sun.
London, England, 1859-03-30 00:00:00

WINTER AT THE END OF MARCH:

The present has been one of the mildest winters
in our remembrance. The trees and flowers have
been in leaf and beauty for some time, and March
has been unusually genial up to this day, the 30th,
when the morning was ushered in with a species
of cold damp frost. At noon it began to rain,
followed by sleet, and ending in a complete snow
storm. It looked singularly strange to behold the
Richmond, Hammersmith, and other omnibuses
passing along the Strand covered with snow,
while the drivers were happed up for a winter
campaign on the very verge of spring. Alto-
gether it was more picturesque than pleasant, and
anything but comfortable.

RUMOU.RED DEATH OF Till? MARQUIS

O 1 WA TERFORD.

[BY ELECTRIC TELEGRAPH.]

DUBLIN, WEDNESDAY.

A report has reached Dublin to the effect that
the Marquis of Waterford was killed yesterday,
near Kilkenny, while hunting.

DREADFUL EXPLOSION AT HOUR S-
LO TV POWDE.R MILLS.—(This Day.)

This morning one of the most terrific explosions
that has occurred for yeais took place at the gun-
powder mills of Messrs. Custis, at Hounslow, and
it is at present thought at least five persons have
been killed and a great number of others seriously
injured.

Begum reach us ; but we have nothing authentic to
report on the subject. Since the return of Lord
Canning to Calcutta, the public have no longer been
favoured with Government messages. The proba-
bility is that we shall now receive our authentic
intelligence of the movements of troops or of the
rebels from England. One chief, the Nuwab of.
Furruckabad, has been taken ; he has been sent to
his own. city of Furruckabad, known as Futtygurh,
to be tried by a commission.
This man is accused of heading the insurrection
at Futtygurh, of being accessory to the massacre of
the English inhabitants, and of leading the rebels
against the English troops. It was his force which
was twice so signally defeated by Brigadier Sir T.
Seaton, at Gungeree and Putialee.
We have heard nothing of Tantia Topee, the
brigades from Agra and Meerut have now joined
the chase; he is moving about in any direction in
which he can ascertain there are no pursuers, and
is pressed on towards the deserts of Rajpootana.
He was last reported on the frontiers of Joudhpoor
and Bikaneer, as if moving to the road through
the great desert towards Bhawulpoor and the Indus.
We have received intelligence from England that
Tantia Topee and the Nana of Bithoor are at the
same, or that it is the Nana under the name of
Tantia who is giving all this trouble in the centre
of India. This is merely one of the ridiculous tales
which are prodnced in the hot-beds of the Indian
bazaars, and seized on by foolish quidnuncs. Tantia
is quite a separate identity from the Nana, and has
a few of the other rebel chiefs with him, particu-
larly Ferozeshah, one of the Delhi Royal family.
He with Tantia boldly marched as near the Delhi
territory as they could, hoping to raise followers
and encourage the Mahommedans to try once more
to make head against the English ; but this prov-
ing a failure, he and Tantia were obliged to retreat
in the direction above noted.
There still remains a few bands of rebels in the
Behar province. They wander from the jungles
of Palmow to Monghur on the spurs of the Rajme-
hal hills towards the Ganges. They appear to be en-
oleavouring to cross and join the other rebels in the
northern forests. They probably have some doomed
leader with them whom they cannot desert ; they
cause an alert at the different stations on their line,
but this must soon end.

Lord Canning on reaching Calcutta turned his
attention to the now-pressing question of finance,
and here we have something more stirring to report.
The Viceroy has not been more successful in his
financial policy than his predecessor, and has further
proved how little he and his staff have learned of
the people of India in this as well as in other matters.
The result of the notification announced in our last,
to borrow money on promissory notes in imitation*
of the Exchequer Bills issued by the Treasury in
England, has been a panic in the money markets.
On the 21st of February the Governor• General
issued the annexed notification :

" FORT WILLIAM, FINANCIAL DEPARTMENT,
Feb. 21, 18.59.

" His Excellency the Governor-General of India in
Council is pleased to notify for general information the
financial measures which have been resolved upon, in order
to provide means for carrying on the public service in the
coming year 1859-60.
" On the 16th of January, 1857, a Five per Cent. Loan
was opened, in suppression of the Four-and-a-Half per
Cent. Loan opened on the 30th of August, 1856, which had
been found, in the then state of the money market, not to
afford sufficient inducement to capitalists. On the 30th of
April, 1857, the financial position of the Government of
India was excellent. The annual deficit which had been
experienced for several years, and which in 1853-54 had
amounted to 2111acs of rupees, chiefly in consequence of the
great extension in late years of publie works, was reduced
for the year 1856-57 to the small sum of 18 lace of rupees,
and this financial restoration had been accomplished without
the stoppage of these great works of material improvement
of which India is so much in need. But as the Govern-
ment had raised but a small amount in the way of loan,
after the closing of the Five'per Cent. Public Works Loan
in October, 1855, the cash balances in India had fallen so
low that the opening of an effectively drawing loan had
become indispensable.
" Iri May, 1857, the revolt of the Bengal native army
broke out, and it became necessary by adequate measures,
both in India and at home, to provide the means of making
those extraordinary exertions by which, under the blessing
of Providence, the Indian empire has been saved and tran-
quillity has been restored.
" The Government at home undertook all the charges
which had to be met at home, both the ordinary home
charges of each year and the extraordinary home charges
which the despatch to India of a large English force, and
the provision of an immense supply of the munitions of war
(a vast quantity of which had been lost or destroyed) ren-
dered necessary; and it assisted the Indian Exchequer at the
moment of greatest pressure by the remittance of 1,000,000
sterling in bullion. Thesoobjects were met by the issue at
home of temporary debentures to the amount of 8,000,000
sterling. The Government of India had the task of pro-

" 'The Governor-General in Council hereby announces
that the amount of money for which he will look to the
Indian market to be raised by loan in order to provide for
the service of 1859-60, is five crores of rupees. When this
amount shall have been realised, the loan of 1859-60 will
be closed, and no further loan will be opened in India
during the year.

" 'ln pursuance of the principle adopted on the 20th of
July, 1857, the lean to be opened on the Ist May next will
be a five-and-a-half per cent, loan, to which subscriptions
will be receivable in cash, or half in cash and half in five per
cent, paper. If this loan should not produce the required
amount, the Governor-General in Council will recommend
to the Right Hon. the Secretary of State that the defi-
ciency should be supplied froth England. No loan carrying
a higher rate of interest will be opened in India in the
course of the year 1859-60, unless under instructions from
the home Government.

" The issue of Treasury-bills on the terms notified on
the 26th of January, 1859, will be closed on the 30th of
April ; a new issue of Treasure-bills will be notified from
the Ist of May, bearing interest at the rate of 21 pie per
cent. per diem.

" The sum which may be received upon.these notes will
not be counted as a part of the five crores which the Go-
vernment desire to raise by loan.

" Published by order of his Excellency the Right Hon
the Governor-General of India in Council.

" ' C. HUGH LUSIIINGTON, Secretary to the
Government of India.

COMMERCIAL.

CALCUTTA, FEB. 22.

The Produce Markets.—There is not much chi nge
to report, the shipping of our produce continues
moderate and freights being lower encourages ex-
portation. The news from Europe is interpreted
according to the views and wishes of each party.
This is the case particularly with regard to silk.
Those who think war imminent buy freely at
enhanced prices, whilst those who are of the con-
trary opinion have withdrawn from the market.
Import Market.—For the last 10 or 12 days the
import market, and particularly for piece goods and
yarns, has been in a very dull and depressei
position.
Metals.—Since our last considerable sales of
copper have been made at a slight advance or prices
for sheathing. Iron in good demand at firm prices,
and assorted parcels would fully realise our quota-
tions ; pig iron is much wanted.

Moneylllarket.—The minimum rate of interest
remains at the Bank of Bengal as before, but at an
extraordinary meeting held . on the 16th, the
margin on Government securities Four per Cents.
was increased to 30 per cent.
Government Paper.—The extraordinary tours
of the Government financiers has depressed securi-
ties beyond all precedent. The fall on Government
paper was at one period as great as during the
pressure of the mutiny and rebellion. The notifi-
cation announced in our last had the effect of depre-
ciating Government paper to 10 and 11 per cent.
discount, but another notification since promulgated
to the public has had a still more disastrous effect.
Silk Piece Goods.—The telegraphic news an-
nouncing a good sale of torahs at an advance of ls.
has caused many inquiries, but holders having ad-
vanced their demands some 10 to 15 rs. per corge,
very few parcels have been settled at an advance of
5 to 10 upon last quotations.