The Sun.
London, England, 1857-03-26 00:00:00

FRANCE.

PARIS, WEDNESDAY EVENING.
The fourth sitting of the Neuchatel Conference
sat this day ;it lasted two hours. Dr. Kern was
present.

BOURSE, March 25.—The following were the last
quotations :

Cash. tr. c
44 per Cents
3 per Cents 7O 50
New Loan —
Bank Shares 4,200 Roman ...
Credit Mobilier 1,465 Austrian
Belgian Fives .. 101 Spanish Threes....
Pied moutese (5) — Home Debt

End of Month.
—fr. —O.
70 65

RAILWAYS-FOR CASH.

tr. c. fr c
Orleans 1,497 50 We'ltem
Northern 990 Strasburg
Lyons • . 1,54 D New Ditto
Mediterranean 2,075 Grand Central
Lyons Geneva ...... 870 Sardinian .
Midi

roy's choice. The fact that an important 'post,
uniting civil and military authority, should have
been given to a Christian, is another proof of the
Viceroy's liberal and unprejticUced. policy. The
country district between Alexandria and Cairo has
been placed under the governorship of an Egyptiau
Sheik. These two nominations in themselves are
a revolu'ion, for hitherto the provincial Govern-
ments were given to Turks only.
On his arrival at Cairo the Viceroy appointed
various meinters of his family to the high offices of
State.

Achmet Pasha, the first prince of the viceregal
home, is President of the Council.
Mu,tapba Bey, Vice-President of the COuncil
and Miuister of Finance.

Maim Pasha, his Highness's brothar, is Min;ster
of War.

Mohammed Pasha, a man of great merit and in-
contestable honesty, who accompanied the Viceroy'
to Soudan, is Minister without portefeuille.
Ismail Pasha will continue to preside over the
Council of State. He devotes hi 3 a•teution esPe"
cially to all the great administration questions.
The names of ad these princes, who are now in-
vested with the highest functions in Egypt, gives a
powerful authority and a fresh prestige to the ac:
tions of the government, and the decision of the
Viceroy has been hailed with joy by the Egyptian
as well as by the European population of the great
cities.

The governor-generalships have been abolished
in Egypt as well as in the Soudan. The governors
of the province will for the future be in direct ear
munication with the Home-office.
The di-solution of the scientific expedition for
the discovery of the sources of the Nile and the
exploration of the Soudan bad been decreed et
Kartoum, but the despatch conta'ning the order
reached Cairo after the return of the Viceroy. With:
out passing a judgment on those who necesPitatea
such a decision, I can only lament that an expedition
so liberally supported by the Egyptian Government
has proved so decided a failure ; and as the mem"
hers of the expedition are all-Europeans, it is clear
that the blame, if any, must attach to them. Let
us hope that the explora ions are only adjourned'
and that en a second attempt they may be brought
to a more satisfactory issue. The Viceroy intends
organising another expedition on a different basis.
The labours in the Sweetwater Canal continue,
and about 30,000 metres of the tract has been dug
out.

The railway from Cairo to Suez -is also being
pushed with great activity, and we hope that an
important section will soon be opened to traffic. ,
The Red Sea Steamboat Company is. regularly
constituted, and the capital has been readily Mtn'
coming from the wealth;er irlilbitants of EgYP.'
who have much confidence in the success of this
national undertaking.
The Nile Steam Tug Company is about to begin
its o

I have a report from Capt. Phi Egret, whose cor-
vette is stationed in the Gulf Pelusium. The late
tremendous gales have had no effcct upon the bold
of her anchors, and Captain Philigret 'declares that
the bottom of the gulf i 3 of remarkable solidi*
and that the anchorage is sheltered and safe o'ol
in the roughest of weathers.
Mynher Conrad, Engineer-in-Chief of the G 3...
vernment of Holland, and President of the Intel-
national Commission, has terminated his inspection
in Egypt, and is about to return to Europe.

Acco/tuts from St. Thomas's of the Ist inst. men-
tion the arrival in that port of Admiral Gueya°ll
f.om Hayti, where he had" arranged a suspensi°l/r
of ho,,tilities for two years between the EmPero
Soulouque and the Dominican Republic.

The German papers have received the rumour of
an intended visit of the Pope to France in the
course'of the present year. The Journal de FralLl4-
fort even asserts that his Holiness, after viail
Paris, will proceed to Cologne, and then moil t
the Rhine, visiting the ancient cathedrals tha
abound on the banks of that river, and returning
to Italy by Switzerland. All this appears to be
mere speculation.

The Council of War convoked in the canton et
Neuchatel to judge some militia soldiers who at the
time of the march of the contingents towards the
Rhine absconded in order to avoid military
has condemned six to five months' imprisonments
eight to four months, and one to two months.

The Federal Council of Switzerland has appointed
General Dufour to the post of inspector of the
Central Military Academy for the present year.

HArrovica, March 25.—The First Chamber hag
unanimously voted, and the Se.:ond carried by a
majority of 25, the law abolishing the Civic Guard)
instituted in Hanover in 1848.

LONDON AND EASTERN BANKING

CORPORATION.

A meeting was held this morning of the share:
holders of this corporation, which was announced
on the 18th inst. as being about to go into liquids"
tion. The directors of the bank have hitherto de-
sired to avoid publicity, and enough has transpired
of the facts elicited by the proprietary to-day tO
explain their feeling in that respect. While the
paid-up capital was 250,0001., it appears that
237,0001. has been lent upon mortgage on estates
belonging to Col. Waugh, one of the directors, at
Beddington, in Surrey, and Branksea Castle, Por.
setshire ; while other advances, to a very serious
extent, have been made to the directors and to the
manager. At the meeting to-day Mr. John Carnle
Morris., the chairman of the company, presideu,
awl that gentleman admitted he was indebtea
12,0001. to the establishment, 'against which they
hold securities on houses, &c. Mr. Feudal!, a ,
rector, was understood to have borrowed 5,350"
on the security of his own shares ; Col. Curtis, a
director, 5,5001. on steam shares worth 3,000/t.
and Mr. Stephens, the manager, 27,0001. on vari-
ous securities. During the proceedings, Mr. Gee"
della, a shareholder, inquired upon what pretext or
temptation 237,0001. could have been sunk in mort-
gages when the legitimate business for which the,
concern was established offered safe, regular, . one
heavy profits. The reply that 10 per cent. was paid on
the mortgages caused a feeling of indignation, since
the very fact of such a rate being offered should have
been a warning of their questionable character.
Captain Corfieh!, another shareholder, pointed out
the deceptive character of the clause in the Charter
providing for a meating upon a fourth of the capitaal
being lost, and maintained that those by whom it
had been disregarded deserved heavy punishment.
The direct liabilities of the bank were stated by Mr.
Coleman, the accountant, to be 397,734/. ; and it
was intimated that, after allowing for large losses,
the assets may yield 413,451., which will leave
about 16,0001. to meet the shareholders' paid-uP
capital of 250,0001. Four Indian banks—the Ori-
ental, the North-Weltern, the Mercantile of Bom-
bay, an'l the Agra-- %ere stated to be willing to ad-
vance the amount necessary to meet immediate
liabilities in India--about 104,0001.—end also to
give time upon such bills of the London and
Eas}ern Bank as are at present in their posseision,
on condition that certain assets shall be handed
over to them, and that the shareholders shall give
their notes of hand for the 50 per- cent, of capital
still remaining uncalled. This arrangement seemed
to be regarded s s a fair and desirable one, and a
committee, consisting of Sir W. Gomm, Colonel
Yates, and Mr. Beville, was ultimately formed to
promote it.—Times' City Article.