The Sun.
London, England, 1861-01-30 00:00:00

THE NEW INDIAN LOAN.

(From the Times' city Article.)
The following communications relate to the New
Indian Loan and the position of the Indian Rail-
Way Companies :

•
" London, Jan. 28.
"The statement made in the Dimes of this morning,
that.the raising of the New Indian Loan is entirely in
consequence of the non-payment of sums intdthe Indian
),37 the railway ebmeaniero with dip
dry facts of the case, but fails to convey to the public mind
a correct view of the matter. The railway companies have
never professed hitherto, or Until they shall be in full
working, to raise capital in the market upon the bare
merits of their undertakings, but only upon the strength of
the guarantee of the Government of India. It is the gua-
rantee which is now failing to attract continued subscrip-
tions upon the terms of interest, which, until recently,
have been amply sufficient for the purpose ; and Sir Charles
Wood has probably adopted a wise course in preferring to
deal with the market on behalf of that Government
directly, to increasing thei rate of guaranteed interest,
hitherto accorded to the railway companies, which would
have the
of their stock. effect
of still further depressing the market value
"

"Sir,—ln your Money Article of yesterday it is stated,
in reference to the issue of the Nov, 5 per Cent. Indian Loan of £3,000,000, that the raising of this loan is entirely
in consequence of the non payment of sums into the Indian
Treasury by the railway companies, and that but for the
difficulty experienced by these undertakings in obtaining
their requirements it would not Have been brought out.' I
beg you will be good enough to allow me to observe that
these remarks do not in any degree apply to the various
enterprises comprised under the designation of the Scinde
4ftilwity Company. The share capital of the Scinde Rail-
Way, and of the Indus Steam Flotilla, was, in great pro-
Domrtiott, paid in anticipation, and the remainder without
ti:'e,llltY when called up. The demand for the debentures of
Scinde Railway was greatly in excess of the company's
w
Po
rp,„era of issue. The calls on the Punjab capital have been
-"ilTresponded to, and large amounts paid monthly in
frocipati
on, so that no delay or impediment has arisen
:11, the want of funds in prosecuting the various under-
4'ngS of this company.—I-am, Sco.,
" W. P. ANDREW, Chairman of the Scinde

" Railway Company.
Oaklands, Sydenham, Tan. 29."

4tt considerable robbery has just been perpetrateu
Prejudice of the Orleans Railway Company at Gua,
Aubin, where it po some iron orks,
et ea
Was entered at night,sseAses w
and 38,025 francs taken away. The

PREFERENCE SHARES.
Sharel Railways. Closing Businessailways. Paid Price. Done.
25 Blythe and Tyne 10 per
e. pref. (issued at £5O all
stk Exet.4' p.ctstock 100
20 Do. do. do. Shares l4
stock Caledon £lO, 43 per cent 100 101 103
stock Do. Quar. Shares, No. 2. 100
63 Cork & Bandon, 53 p. a all
20 Cornwall. 5 per cent all ~,203 213
63 Dun.Perth&Aber.Jun all 6 63
stock E.Angn.Class A 7 &sp.c lOO 99 101
stock Do. do. Class B 4 p.c lOO 112 115
stock Do. do. Class C 7 p.c lOO 106 103
stock E. Conn. Ex. sp. c. No. l 100 110 112
stock Do. do. No. 2 100 108 110
stock Do. New 6 per ct. stock. 100 124 126
stock Eastern Union,4 per ct. 100 76 86
stock Do. 5 per cent. guar... 100
stock Edin.&Glas. 5p.0. shares 100 112 114
stock Do. 4p. o gua. S. &D. 100 -
stock Edin. Perth& Dun. 4 p.c. 100
stock Furness, 5 per cent 100
stock Glas.& S. Westg.a. 5 p.c. 100
stock Great Northern, sp. et 100 116 118
stock Do.sp.c.Redm.,lop.apm 100 112 111
stock Do. 43 p. a do. do.
10 Do. sp.c. Redm. 5 p.c. pm 80 85 87
10 Gt. Nb. of Scotld. Ist pf. all
stock j G t.Sn. & W (Ireland) 4 100 98 100
p. ct, pref. stock
50 rgatWest Dierks and
Hants) Ext sp. ct 6
stock Co. Redeemable,44 p.ct 100 99 101
stock Do. Redeemable, 4p. ct, 100 89 91
stock Do Irredeemable, do lOO 90 92
stock Do. 5 p.ct. Redeem. Prof lOO 101 103
8 Do. Birm. Pref. Shares all 10 101
10 (it: W. Cher,. 8 p.n. pf.Bl, all 174 18
10 DO. do. sp. ct. pref all 104 11
stock Do Birmg.guar. stock lOO 76 78
264 Do. Chester gna. shares all 203 213
133 Do. do. do.
20 Do. do. do.
stock Lan.&York 6p. c. stock lOO 135 137
stock Do.Bartisl.st.£s3s 100 pc 100
stock Do. 6 per c. (E. Lan.) • • 100
stock Lon.& Brig.s pagu. No.l 100 115 118
stock Do. sp. a No. 2 100 115 118
stock Do. gua. 6p. c. lOO 138 143
stock Do. do. 5 p.c. No. 4 100 116 118
stock Do. do. 41 per cent 100 103 105
Do. do. 41 p. c. shares.. all
stock Do. 7p. at Pref. stock. 100 153 156
stock Do. 6p.c. do. (W.E.&C.P.) 100 130 131
stock Do.4p.c.S.(div.def.til '65) 100 70 72
stock Lon. Chat. and Dover.. 100 87 81
stock Lon. and N.W. Coy. and •
Nuneaton, sp. et.... 100 116 118
stock Lon. &S.W, 7 p. ct. stoc 100 150 155
stock Do. 43 per cent. lOO
2s. 6d. Do. (Prtsm. perpl anus.
of 2s. 6d.. ...... all
121 Londondy. &. Cole. sh. all
121 Londony. & Ennis. 4 sb. all 151 141
stock Man. Sh. &Lin. 6 per ct. 100 130 la!,
6 Do. X 6 4l II g
stock Do. 3} per cent
10 Do. redeem. 6 percent: 5 1 I P
12 Maryport & Car., 4p. a all
124 Do. 43 per cent. all
stock Mid. Con. 6p a stock_ 100 7--
stock Do.Con.Bris. & Bit. 6 p.c. 100 137 139
stock Do. 43 p. c. pref. stock lOO 102 104
6 Do. with option till 1860 3
stock Do. Lela &Hit pref. st 100 95 97
stock Norflk sp. c. Ex. st. 1846 100
stock Do. 53 p. c. Pref. do. 1847 100
stock Do.sWay.Val.Ex.st.lB47 .100
stock North British, sp.
stock Do. New, gm. sp. c.
10) Do. Bor. Un. g. pf. slis 3 311 p
. 10 f Do. do. do. all
stock Nth.Dev.Rail. & Dck.Co. 100
stock N-East.Cons.Pret 4p. c. 100 91 53
stock ;,40. Berwick, 4 p.c. Pref. 100 101 11,3
17 Do. do. do 813.4. 1 gr)
20 Do. Leeds, 6p. e. No. 1 13
123 Do. do. Quarters, 1848 9
25 Do. York, &S. Purch 10 f d
t 0 North Staffordshire... all 22 23
10 Rhyraney Guaranteed: all
84 Scottish Central, new pt all
stock Scottish North-Eastern
31 p. C. pref. stock lOO
stock Do.Aberdeen,gua.6p.o lOO
stock Do. 7p. a pref. stock 100 133 136
10s, South Devon, Ann. 10s. all 101 11
10 Do. Fixed 43 per cent all
1.0.6 South Eastern (Reading
Ann., 1.0.6)
stock Do. 43 per cent. I 100 102 104
stock Do.Fixedllp.c. Ist is.l 100 102 104
stock •=outh Wales, gua. 4p. c. 100 91 93
stock Do. 43 per cent. lOO 100 102
stock S.-Yorkshire,4 p.c. gua. 100 85 88
25 Stock. k Dar. Asp. c , all 274 281
25 Do. B 6 percent all 32 333
25 Do. C 6 percent I all 32 331
stock Watrfd & Kilkny, 6p. a ' 100 45 48
stock W.Mid -Oxf Ist Gua stk 100 124 125
stock Do. 2d do
.100 120 124
stock Do.Nevvnort so. inn leo
..,...reret. 6p.c. pf 1880, 100 123 126
stock Do. till 1869, Ist Is. 100 116 120
123 Do. do. 2d is. 71

stock
stock
stock
stock
stock

stock
stock
stock
stock

stock
12i

TALS.

Business
Done.