The Sun.
London, England, 1857-01-13 00:00:00

T.fik; AUSTRALIAN TRADE.

An Australian Merchant, writing to a contem-
porary, says
As it appears to me that those trading with Australia
run a great risk of having to pass through an ordeal
similar to that which tried so many of our merchants two
or three years ago, I have taken the liberty of jotting down
some of the data on which my opinion is founded, allow-
, ing you to give publicity to those facts if you think proper.
The letters which have been received from Melbourne
for some months back have been evidently written under
the impression that shippers in this country were likely
to overstock the market. Those brought by the Mont-
morency mention the opening of a brisk spring trade, but
state that " prices have not as yet advanced ; nor, with
the very large import our markets have latterly groaned
under, can increased rates at present be looked for." The
imports into Melbourne are stated to amount, from the
Ist January to the 13th September, 1856, to 8,752,6011.,
whereas, for the same period of 1855, they were only
6,951,3281. But when the imports of the last two months
of each of these periods are compared they show that
1856 had exceeded 1855 by at least 37 per cent.
Will it be believed, then, Sir, that the exports from
this country to Victoria have been increasing ever since
the last date referred to ? Yet such is the case. The total
exports from London, Liverpool, and the Clyde during
the year 1855 were 1694,463/. in amount ; whereas, for
1856 they are 5,076,830/. Every article of export, soft
goods, boots and shoes, brandy, British spirits, malt
liquors, dried fruit, cheese, butter, appear to have been
shipped in excessive quantities latterly. But not to trou-
ble you with details I may give one or two facts (illes-
trating this statement) with reference to butter, which
continued to pay exporters for a long time. In Septem
ber last it became wretchedly dull of sale in Melbourne
for they were then beginning to receive the shipments
made from this country in June last, which were no less
than 9,461 cwt. The legitimate export of it appears to
be 3,000 or 4,000 cwt, per month. Consi 'erably above
this quantil has been exported since. last June ; but
what may be expected to be the value of the article
abroad when they receive the shipments of Dec., 1856,
which reached the enormous quantity of 8,708 cwt. ?
During the first quarter of 1856 the exports from Lln-
don, Liverpool, and Clyde to Victoria averaged under
300,0001. of value per month. But they have in the
subsequent months of the year varied between 414 000/.
and 583,0001. per month. In Dec. they were 526,724/.
This excd,s of shipments appears to arise from the fact
that too many people are engaged in exporting to Aus-
tra ia If every person who has adopted this business
ships to some extent the markets must be overstocked ;
but, in addition, a great many occasional shippers are
:Aid tempted to make an adven ure whenever they see
an article reported in the prices current at 25 or 30 per
cent. advance on invoice cost, forgetful that a deduction
of 15 to 20 per cent. has to be made from the amount
sold, in the shape of packages, freight, insurance, inte-
rest, commissions, &c. This process leaves nothing but
a moderate profit in a market where such risks have to
be run, and whence remittances are so long coming.

and Co
Diss Bank, Diss—Oakes, Fincham, and Co.._
Doncaster Bank and Retford Bank, Doncaster
—Cooke and Co
Darlington Bank, Durham Bank, and Stockton
on-Tees Bank, Darlington—Backhouse & Co
Devonport Bank. Devonport—Hodge and Co
Dorchester Old Bank and Dorsetshire Bank,
Dorchester—R. and H. Williams
East Cornwall Bank, Liskeard—Robins, Fos-
ter, and Co
East Riding Bank, Beverley—Bower and Co
Essex Bank and Bishop's Stortford Bank
Chelmsford—Sparrow, Round, and Co
Exeter Bank, Exeter—Sanders and Co
Fakenham Bank, Fakenham—Gurneys, Birk
beck, and Co
Farringdon Bank and Bank of Wantage, Far-
ringdon—Barnes, Medley, and Co.,
Farnham Bank, Farnham Messrs Knight
Faversham Bank, Faversham—Hilton and Co.
Godalming Bank, Godalming—Mellersh and
Keen
••
Guildford Bank, Guildford—Messrs. Haydon..
Grantham Bank, Grantham—Hardy and C 0...
Hastings Old Bank, Hastings—Smith, Hilder,
and Co.
Hereford City and County Bank, Hereford—
Matthews and Co.
Hull Bank and Kingston-upon-Hull Bank,
Hull, Smith, Brothers, and Co.
Huntingdon Town and County Bank, Hunting-
don—Rust and Veaseys
aarwich Bank, Harwich—Cox, Cobbold, and
Co.
Hertfordshire, Hitchin Bank, Hitchin
Sharpies, and Co.
Hereford, Ross and Archenfield Bank, and
Ross and Archenfield Bank. Hereford—
Morgan and Co
Ipswich Bank, Ipswich—Bacon and Co.
Ipswich and Needham Market Bank, Suffolk,
Hadleigh Bank, Manningtree and Mistley
Bank, and Woodbridge Bank, Ipswich—
Alexander + and Co.
Kentish Bank, Maidstone—Mercer, Randall,
and Co.
Kington and Radnorshire Bank, Kington—
Davies and Co.
Knighton Bank, Knighton—Davies and Co
Knaresborough Old Bank and Ripon Old Bank,
Knaresborough—Harrison and Co
Kendal Bank, Kendal—Wakefield, Crewdson
and Co.
Kettering Bank, Kettering—J. C. Gotch and
Sons
Lane End Staffordshire Bank, Lane End—C
Harvey and Son 5,335
Leeds Bank, Leeds--Beckett and Co
Leeds Union Bank, Leeds—W. Williams,
Brown and Co.
Leicester Bank, Leicester—Pagets and Kirby, 30,012
Lewes Old Bank, Lewes—Molineux and Co 26,140
Lichfield Bank, Lichfield—Palmer and Greene —_
Lincoln Bank, Lincoln—Smith, Ellison, and Co. 89,56
Llandovery Bank, Lampeter Bank, and Llan-
dilo Bank, Llandovery—D. Jones and C 0...
Loughborough Bank, Loughborough—Middle-
ton and Cradock
Lymington Bank, Lymington—St. Barbe and
Co.
Lynn Regis and Lincolnshire Bank, Lynn
Regis—Gurneys and Co.
Lynn Regis and Norfolk Bank, Lynn Regis—
Jarvis and Co 13,535
Macclesfield Bank, Macclesfield—Brocklehurst
and Co.
Manningtree Bank, Manningtree—Nunn and
Co.
Marlborough Bank, Marlborough and Wilts
Old Bank, Marlborough Old Bank, Marl-
borough Old Bank and Hungerford Bank,
and Hungerford Bank, Marlborough—Tan-
ner and Co
Merionethshire Bank, Dolgelly—Williams and
Son
Miners'. Bank, Truro—Willyams and Co
Monmouthshire Agricultural and Commercial
Bank, Abergavenny—Bailey and Co
Monmouth Cld Bank, Monmouth Bank, Bre-
con Bank, Chepstow Bank, Chepstow Old
Bank, and Ross and Herefordshire Bank,
Monmouth—Bromage, Snead, and Co l5, 459
Newark Bank, Newark—Godfrey and Riddell 26,552
Newark and Sleaford Bank, and Sleaford and
Newark Bank, Sleaford—Handley, Peacock,
and Co................................................ 50,857
Newbury Bank, Newbury—Bunny & Slocock 20,280
Newmarket Bank, Newmarket—Eaton, Ham-
mond, and Co .............................. , .......
Norwich Crown Bank and Norfolk and Suffolk
Bank, Norwich—Harveys and Iludsons...
Norwich and Norfolk Bank, Norwich—Gur-
neys and Birkbeck .........................
Nottingham and Nottinghamshire
C 0......, Not.
tingharn, Hart, Fellows, and
Nuneaton Bank, Nuneaton—Craddock and Co,
Naval Bank, Plymouth, Plymouth—Harris.
and Co. . ............................
New Sarum Bank, Sarum—Everett ..... dCo ...
:
Nottingham Bank, Nottingham—Samuel Smith
and Co. .............. ...............................
Oswestry Bank and Oswestry Old Bank, Os
westry—Croxon and Co
Oxford Old Bank, Oxford—Robinson, Parsons,
and Co.
Old Bank, ..
.... 30 230
Tonbridge Tonbridge and Ton-
bridge Wells Old Bank, Tonbridge and Ton-
bridge Wells and Sevenoaks Bank, Ton-
bridge—T. H. and S. Beeching
Oxfordshire Witney Bank, Witney—J. W
Clinch and Co.
Pease's Old Bank, Hull, the Hull Old Bank
and Beverley Bank, Hull—Pease and Co
Penzance Bank, Penzance—Batten and Co
Peterborough Bank and Oundle Bank, Peter-
borough—D. Yorke and Co.
Pembrokeshire Bank, Haverfordwest—J. and

8,899
.0,285

'0,703

80,680
3,290

45,745

94,369
47,952

42,641
23,515

7,835
11,182
5,629

4,551

20,042
20,896

62,536

13,545

25,191

20,693

40,365

8,600

23,688

7,199

3,206

2,23

7,638
17,647

28,380

19,85'

50,096

95,42

10,791
3,307

17,660
8,414

30,765

12,552

8,76

10,81

47,075
10,650

8,91

W. Walters
Reading Bank, Reading—Simonds and C 0.....
Reading Bank, Reading—Stephens, Blandy,
and Co. .............................................. 28,529
Richmond Bank, Richmond—Roper and Co. 6,230
Rochdale Bank, Rochdale.—Clement, Royds,
and Co. ...............................................
Rochester, Chatham, and Strood Bank, .Roches-
ter—Bay and Nicholson ..... 7 242
Royston Bank, Royston—Fordham and Sons 13,414
Rugby Bank, Rugby—A. Butlin a!,(1 50n...... 7,780
Rye Bank, Rye—R. C. Pomfret, & C 0........ 13,740
Ross Old Bank, Heredfordshire, Ross
Alla,way and Macdougal
Saffron Walden and North Essex 1:61(1
Iron Walden—Gibsons and Co

12,763
29,010

3,751

4,050