The Sun.
London, England, 1859-02-11 00:00:00

010.LVEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.
_ A firmer tone has pervaded the markets for
foreign and colonial produce during the past week,
but the business transacted in most articles of the
trade is still of rather a restricted character. For
sugar there has been a brisker demand, increased
competition having been experienced for both
refining and crystallised sorts, and in the
strong
private transactions took place on terms
!hewing a recovery of the decline which took place
in the early part of last week. Refined is in mode-
rate request, but prices continue firm. Common
lumps have again been disposed of at 525. 6d. In coffee
no public sales have taken place, and privately the
,business recorded was unimportant. The tea mar-
ket has become very firm. Fine new season just
arrived has sold at 2s. 4d. to 2s. 6d., while 13d. has
been
obtained for common Congou. An advance of
id. has taken place in rum. Rice, saltpetre,
cotton, and spices are firm, but in limited
request. The indigo sales, which commenced
en Monday last, have proceeded with more
animation during the latter part of the
Week, and up to the present time the quantity
Passed is 3,319 chests, of which 1,318 were with-
drawn, 705 bought in, and 1,296 sold. The cochi-
neal sales have gone off with spirit, at full prices,
and in some instances at an advance. For safflower
a rise of from ss. to 10s. has been established on
Previous rates. Tallow remains firm at former
quotations.
The Liverpool Cotton Market yesterday closed
'very firmly, and 10,000 bales were sold at full
quotations. In the Railway Share Market an
active business was transacted, and prices of all
the leading lines considerably improved.
At a meeting of creditors of Mr. F. Bryant,
general merchant, whose suspension took place
last month, the balance-sheet prepared by Messrs.
Coleman, Torquand, Young, and Co., and Honey,
liumphreys, and Honey, accountants, represented
total liabilities expected to rank upon the estate at
£53,193, with net assets amounting to £15,504, of
Which the principal items are, good debts £10,613,
surplus propertyheld by secured creditors, and stock
in hand, £1,566, &c. The cash in hand is only
£l5. The. good debts, except about £lOO, are all
due from native houses in Bombay, and 10 per
cent. has been deducted for cost of collection. A
composition of 6s. in the pound was proposed and
accepted by the majority at the meeting, but it is
understood that the principal creditors have re-
solved that the affairs should be liquidated in the
Bankruptcy Court.
Further remittances of specie were announced
this morning—viz., £162,572, by the Norfolk, from
Victoria ; and £75,461, also in Australian gold, by
the Thames, from Alexandria.
The Peninsular and Oriental steamer Ripon, to
Bail to-morrow, will take out £242,130 in silver for
Bombay.
A moderate demand for money is reported in the
general Discount Market, and the terms for first-
°ass bills are still rather below the Bank of Eng-
land minimum.

•
There was a meeting of the Peel River Land and
Mineral Company to-day, at which a report of a
very favourable nature was read. It appeared
that the amount received during the six months
,for gold licences was £3OO, and that sales of
'i've stock had taken place to the extent of £1,374
14. 6d. This not being the meeting for the pro-
position of a dividend, the chairman said the accounts
received to that date were satisfactory, and that the
finances of the .company in London, are at present
as follows :—Late purchase of Victoria Bonds,
,£9,200 ; on Government security,..£B,ooo ; cash at
banker's, .£1,632 ; and balance of Sanderson's loan,
£1,512 1 ls. 2d. There were only a few observa-
tions made, after which the report was adopted.
There is rather less firmness in the market for
Public Securities to-day, and the heaviness has
extended to the other departments of the house.
This maybe partlyascribed to the absence of buoyancy
on the Paris Bourse, and the indisposition evinced
to effect purchases either for investment. Consols,
Which were at one period 951 s for money, and
951 for the account, have since been 951 2 and 9511
respectively. They are now 9512 for both.
In the Foreign Stock Market business has been
moderately active, and prices are rather depressed.
Turkish 6 per Cents. are 891 to 90i ; ditto Scrip,
Ist issue, 781 to 791, ditto, 2d issue, 6 to 6
discount. Chilian Loan is without alteration ;
Buenos Ayres 6 per Cents. have receded to 791 and
80, ditto Deferred to 17, Mexican to 20, Peru-
ran 41 per Cents. to 941, ditto 3 per Cents.
to 731 741, Dutch 21 per Cents. to 65;1, and
Chilian 6 per Cents. to 1011, but the 3 per Cents.
are firm at 76, Sardinian at 801, Portuguese at
451 and 461; Brazilian 42 per Cents. are steady at
94, and Venezuela Deferred 171. The new Aus-
trian
Loan is I to §-„ premium.
The Government broker has purchased £20,000
New Three per Cents. for the Savings Banks.
the New Three per Cents. and the Reduced Annui-
ties are marked 951 to 961-; Exchequer Bills, 335.
to 365. prem. ; and India Loan Debentures have
been dealt in at 981.
Messrs. D. Bell, Son, and Co., give the following
as the prices of the American Securities :
Redeemable. Prices.
United States 6 per Cents 1867-1868
Do. 6 per Cent Bonds
Alabama 5 per Cent. Bonds
Kentucky 6 per Cent. Bonds lB6B-72
Maryland 5 per Ct. Str. Bonds
Massachusetts 5 per Cent. Str
Bonds
Ohio 6 per Cent. Stock
Pennsylvania 5 per Ct. Stock.
Pennsylvania 5 per Ct. Bonds
Tennessee 6 per Cent. Bonds.
Virginia 6 per Cent. Bonds
Virginia 5 per Cent. St. Bonds
Boston 5 per Cent. St. Bonds
Illinois Central 7 per Cent. ..
Illinois Central 6 per Cent. ..
Illinois Central 7 per Cent.
• (Preelands)
Do. shares, 60 dols. paid
Michigan Central 8
per Cent..
Do. do. shares
New York Central 6 per Ct ,
not convertible ..
New York Central 7 per Ct ,
convertible, from June 15,
1857..59
Do. do. shares
'New York and Erie, 7 per Ct ,
3d mortgage
New York and Erie 7 per Ct.,
convertible
New York and Erie, 7 per Ct ,
sinking fund
Do. do. shares •
Panama 7 per Ct., Ist mort-
gage Str. Bonds, not cony
Do. do., Ist. do.'

100 102
78 80
90 92
95 97

1886

1031 1044
95 97
82 84
86 87
84 86

1877
Divers
1886
1888

85
84
- 90
1875 80
1875: 77

8,
86
92
82
79

1860 82 84

36 34 dis
1869 85 87 •
45 50

1883

1864

84 86

1883

93 95
77 79

1862

70 72

1875

38 42

1859
1865

38 42
13 15

100 102
95 97

SHARE MARKET.-( THIS DAY.)

.RY SHARES AND STOCKS.

Railways.

12.10 Ambers-., Notting. Bost.
and Eastern Junction
50 'Aelfa,,t and Ballymena..
13.14 Bit., Wol., and 6tr.Val.
Stock Birk., Lane., and Chesh,
Junction
25 Blackburn
25 Blyth and Tyne
Stock Bristol and Exeter
Stock Caledonian
Stock Chester and Holyhead
50 Cork and Bandon
20 Cork, Blkrock,&Passage
20 Cornwall
Do. A
A roves. no div.
untilop.c.per an.
113°. hasbeen pd.toß.
Dublin an dßelfast June.
Dun.,Perth,&Ab-.Junc
East Anglian
Eastern Counties
Eastern Union A Stock
Do. do. B Stock
Do.Nw.A.(lte.E.U.2ds)
East Kent
East Lancashire
East Suffolk

50
25
Stock
Stock
Stock
Stock

25
25
Stock
20

10 Do
Stock Edinburg and Glasgow
Stock Edin.,Perth, & Dundee
10 Forth & Clyde Junction
Stock Furness
Stock Glasgow & South Westn
10 Great North of Scotland
Stock Great Northern
Stock Do. do. A Stock
Stock Do. do. B Stock
Stock Gt. South.& Wstn.(lreld)
Stock Great Western
Stock Do.Str.Vl.Rail Gua.Stk
12 Irish South Eastern
50 Lancaster and Carlisle
16/ Do. Thirds
1613 4 Do. New Thirds..
Stock Lancashire & Yorkshire,
16 Do. do. F £l6.
9 Do. do. £9 shares.
3 Do. West Riding Union
20 Do. Southport
11.6.3 London and Blackwall
11.6.3 Do.Newiss.at £slosp.sh
Stock Lon.,Brighton &S.Coast
Stock London & North Westn'
12 Do. Eighths
Stock London& South-Westn
25 L'derry & Coleraine
25 L'derry & Enniskillen
Stock Man., Sher., & Lincoln
10 Metropolitan
Stock Midland
Stock Do. Birming. & Derby
50 Mid. Gt. West. (Ireland)
25 Do. Shares
100 NeWbastle and Carlisle
25 New., Aber., & Herefd
10 Newry & Armagh (def )
20 Newry, Warpt., & Ros
Stock Norfolk
50 North. Counties Union
Stock North British
Stook Nor.Dev.Rail.&Dk. Stk
Stock Do.A Stk.— Arec.no div
until 6p.c.hasbeenp dB
Do. B Stock
!North- Eas tn.—Berwick
Do. do. G.N.E.Purchase
Do. Leeds
Do. York
North London
N. &S.Westn., llampstd
and City Junction
20 North Staffordshire...
20 North-Western
10 No. & Son. W. Junction
Stock Oxford, Wor.,& Wolver
10 Peebles
20 Portsmouth
10 Rhymney
Stock Scottish Central
Stock Scoth.N.E., Aber. Stock
Stock Do. Scottish Mid. Stock
Stock Shropshire Union
10 Sittingbourne & Sheer
Stock South Devon
Stock South-Eastern
Stock South Wales
20 SouthYorks.&Riv.Dun
20 Do. do
20 Staines, Wok., & Wek
25 Stockton & Darlington
25 Do. do. 1854
25 Do. do. 1855
Stockton & Hartlepool
Stock Taff Vale
Stock Do. Preference, No. 1
25 ThamesHavenDk&Rail
Stock Vale of Neath
Stock Waterford & Kilkenny
50 Waterford & Limerick'
20 West Cornwall
10 W-end Lon. & Cry. Pal
5 Do.A.:—Arecv.nodiv.till
7 p.c. has been pd. to B
5 Do. B
20 West London
10 Do. Ist Class
20 Do. 2d Class

Stock
Stock

Stock
Stock
Stock

The transactions in Railway Shares are more
restricted to-day, the operators having been prin-
cipally occupied in the adjustment owf
ieh a
the account
s
which terminated this morning, and h
to have passed off satisfactorily. As usualPpsome
fluctuation has taken place in prices, but not
to any great extent. Caledonian are rather
flatter. Great Western are heavy at a decline of
15s. Midland are also flatter. North Easter
(Berwick), (York), and (Leeds) are firm.
In Colonial descriptions of shares the dealings
have been more restricted.
• The market for Foreign Railway Shares is dull,
and prices are rather heavy. Lombardo-Venetian
Old Shares have declined to 81, and the New issue
has been done at 64 2.
In Joint Stock Bank Securities, Bank of Egypt
have been in demand at an advance of ss. ; Lond.on
Chartered Bank of Australia are also ss. better.
The business in miscellaneous descriptions of
shares has been unimportant. Peninsula and Orien-
, tal Steam declined ss.

---
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
3 per Cent. Reduced Annuities
3 Per Cent. Consols Annuities
New 3 per Cent. Annuities 9si 61 51
India Stock
Ditto Debentures
Consols for Account 951 I
March June.
Excheauer Bills, £l,OOO, 2d. & 11d.. 33 6 j
Ditto £5OO
Ditto Small, lid 33 6
PRICES OF. FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian 5 per Cent.
Ditto 1858, 41 per Cent. 94
Buenos Ayres, b per Cent. _ 791 80
Ditto Deferred
Chilian, 6 per Cent lOll
Ditto 3 per Cent 76
• Mexican 3 per Cent. 2O
Peruvian 4i per Cent 941
Ditto 3 per Cent.
Ditto Account
Portupese, 1853, 3 per Cent.
Sardinian, 5 per Cent BO 1
Turkish 6 per Cent —
Ditto Account
Ditto 2d Issue
Ditto Account
Venezuela, 5 per Cent.
Ditto Deferred 2 per Cent
Dividends on the above payable in London.
Dutch Exchange, 12 Guil. 21 per Cent 651
TWO O'CLOCK'.
Consols, Money 951 I
Consols for Account

Closing Businoss
Share Railways. 'Paid. Price. Done.

I . ,,,
Paid. Closing \ Business
Price. Done. Atlantic & St Lawrenc&
100 I Leased at 6 per cent.. all 78 79
Bost., i Is ,Bom.,Baroda&Cent.lnd 9 i i d
unction, 10 eil 64 I 00. 5 per cent
(mena.. all - - 18 Do. all - -
Br. Val. all 8 9 18 Do. Addit. Capital A 6 I I d
I Chesh. 18 Do. Do. B 44 I I d
100 67 69 201 Buffalo and Lake Huron all 7 8 . 7
all 31
all 1/ 11/ 201 Do. New l6l - - d
33
er .... 100 941 951 100 1 Buffalo,Brant&Godrich t 100 85 90
t 6 p. ct. bds. 1 Aug., 1872
100 .86 665,, 100 Do. do. 1 July, 1873 100 82 86
yhead
1 all • - 20 Clcutta.&S.Eastrn.Lim. 1. 3. 0. Id par
~assage all - - 20 Cape,Eastn. Prov.(Lim.) 2s. - -
all 41 4 20 Cape Town & Dock Scrip 2s. - - pm
no div `all _ 20 Central Oude (Limited) 2s. 66. - -.
.per an t all - 20 Ceylon Guaranteed 6p.c. 2 I 4P 51
pd.toß l7l Demerara - -
100
2020 c ,
GeelongE aDDs
oot e. .
Do.
4ir
jcnupsbß.
Corporation
oauntr
prigepdasoosl
rr. .
ag tept tia.
oysnp. , .5c .69
aa111005: li.
if d
stJunc. all - -
r.Junc. all 91 10 Stock East Indian, gu. sp. c lOO 101 102 1021
100 151 161
; lOO 62 63 624 4 20 Do. E Shares Ext. 10 par i p
g., stack 100 45 475 - -
B Stock 100 29 31
Nl.U.:ds) 84 - 20 G eelong& :3 fel ena.s p. o. all 19 20
all 13 15 Sto..„
100 95 97 II 1 per cent. Bonds
all - - Stock Grand Trunk of Canada 100 33 34 311
all - - 100 Do. 6 p.c. Deben.,pay.'7B all 75 76 721 4
-lasgow 100 70 71 100 Do. 6 per cent. Pref... .. 100 89 91 ,
tundee. 100 291 291 704 1 20 Gt.lndiarenin.gua.sp.e. all 99 1;,0
unction all - - 20 Do. New, gua.s per cent. 4 4 Id,
100 - -
Westn la) 96 98 20 Do. do 4 5 d par
cotland all 10 10 20 I Gt.S.of Ind.Lim.-Scrip I 2,.
cent
-
00 1041 1055 t guaranteed 5 per nt.
204 Gt.W. of Canada Shares all 16 161
h 1 100 87 89 20 Do. New
L 45 d
136 138 138
Itareld) 100 105 106 100
100 c Do. Bonds pay. '76,with
ttill 60
all 105 107
100 565 57 565 6
100 Do. do. '73 till '6O
na.Stk. 100 56 57 100 Do. do. ''3 without opt all 102 104
ern.... all - -
arlisle all 85 90
141 12 13 p 12000 Dmoa.dsrlasp;
gc.udaor.., '7474dp0. .C..
all
1984 118004
20 Do. do. 5 per cent. all 19 20
16 12 13 p 20 Do. 41 p. c. Extension.. 15 181 19
rkshire 100 91 061 954 61 20 Do. Thud Ex. gua.s.p.c. 10 15 d
16 6 Id 20 Do. Fourth do.
hares.. 7 Id Stock Melb. Corp. 6 p.c. Bond: lOO - -
Union 5 - Newßrtmswick&Canda
all - 7 20 I Ry.&Land(Lim.)g.6pc 10 2 11d
!kwall all Ot 64 Class ACapitl.Share..
Osp.sh 4l - .. Do. do. Land d 0... ..
3.Coast 100 103 1015 ~,, , 20 Do. do. B. Capital do. 110 4 3 d
Westn' 100 9 a "s "Z .. Do. do. Land d 0... $
74 1 1 d Northof India Tramroad 1 2s. - -
955 96
Westn. 100 935 3 20 [ Limited, Scrip
tine ... all - - 20 Oude (Limited) -
Idllen. all _.,-- 7. 20 Scinde
65 incoln.. 100 3.05 20 Do.
3 -- d 20 Do. New P. 25 5 d Earl
100 102 1024 1021 1 1 102 20 Do. Punjaub .. g E 5 A d.
Derby lOO 76 78 761 20 Do. Indus. St. Flo. IC2' 5 , * d 1
reland) all - - 20 St. Andrews & Quebec A 18 - -
all - - 10 ,Trinidad(Limited) Scrip 1 lid IPi
arlisle all - - , ,
lerefd all 12 13
11 (def ) 9 - - FOREIGN.
& Ros all - -
no 64 66 closing I Business
Union 3l 31 I d Railways. I Paid. Price. Done.
100 62 621 621 Share
11c. Stk lOO - -
no div lO Antwerp & Rotterdam all 41 5
.enpdß 100 - - 20 Ardennes all - -13
100 - - 20 Bah.&S.Fran.,Lim.7p.c. 3 I tu
erwick 100 935 1 931 4 5 Belgian East. Junction all
Lrchase 1613 4 15 20 Beziers to Graissessac. all 7 8
100 48 481 4315 Carmeaux Mine & Rail. all 11 25
100 781 ;Si 71 1 20 Dutch Rhenish
100 101 103 6 Eastern of France ...... all 265 261
Lm std 20 Euphrates Valley 2s. - -'p
0n.... ?A 17. - - 20 Great Central of France all - -
ire.... 171 41 45 ' 20 Gt. Luxena., Con. shs all 61 61
all 134 134 131 10 Italian Junction .. ~.. 8 - -
;nction all 7 8 20 Lake Constance & Bale all - -
Volver. 100 29 31 305 20 Lierre and Turnhout._ all -- -
all -..-- 20 Lombardo Venetian.... 8 / 11 p9lBl 9
19 7 5 d 20 Lucca & Pistoja, 5 p.c.pf. • all - -
10 - 20 Lyons and Geneva .... all - -
100 115 117 331 Maria Antonia all - -
20 Do. do. New - -
20 Namur and Liege all 84 131 81
..
Stock Stock 100100 t 36 274 828 73
100 45 47 20 Do. do. 6p. c. Pref. all 194 20
Sheer all 4 2 d 16 Northern of France.... all 37 37 37
100 37 18 20 Do. New Shares - - p
• 100 79 15 10 Norwegian Trunk Pref all 84 91
100 72* 73,1 20 Ottoman, gua. 6 per cent 7 4 2 d
v.Dun all 14 13 20 Paris,Lyons, and Medit. all 33 335
18 - - 20 Paris and Orleans ...... all 52 53
Wek all 8 11 201 Recife& S. Fran. (Peru.) ) 9 i i d
ngton all 36 361 364 t gua. 7p. ct. (Lim.) ...
221 - -- 20 Riga and Dunaburg.... 4 - --
7 - - 10 Rome and Frascati .... all - -
tlepool 161 - - 20 Royal Danish all - -
100 - - 5 Royal Swedish - -
to. 1.. 100 - - 4 Do. 7 per cent. Pref. - -
&Rail 22 - - 20 Sambre and Meuse all
cent. 61 71
100 89 91 10 Do. 51 per nt. Pref. ... all 9 9„
Ikenny 100 ' - - 20 Southern of France .... all 20 21
merick all - - 81 West Flanders all 55 51
all 6 61 10 Do. 5; p. c. Preference . all 95 91
y. Pal all - - 20 W. diN.W. of France.. all 23 24
div.till 20 Western of Austria .. . 6 - -
d. to B all 3 35 20 Western of Switzerland all - -
all 61 61 6 Wiesbaden
all - - 6 Do 8 per cent. Pref.... all
all - - 20 Zealand all - - 1
all 7 -

,LAW INZELLIGENCE-(THIS DAY.)

COURT OF CHANCERY.
(;Before the Lords Justices.)
APPEAL.---JUDGMENT..--ATTIVOOD V. LLOYD-LLOYD

V. ATTWOOD.

This was an appe ttl from a de(fi:ion of Vico-Chancellor
Sir John Stuart, dis missing the plaintiff's bill.
Lord Justice Knight Bruce and Lord Justice Turner
delivered judgment at great length in these causes; at the
sitting of the Court this morning.
In the first case of Attwood v. Lloyd, their lordships con-
sidered that the deeds of ratification and discharge obtained
from the Misses Attwood by their trustees and solicitors on
obtaining 21, were obtained from them in ignorance of their
rights, and consequently they were null and void, and their
lordships declared accordingly.
And in the second suit of Lloyd v; Attwood their lord-
ships made several declarations of priority of incumbrances
on the Highland Estate in Essex, and other incumbrances
on other estates, in favour of the defendants, but the final
declaration of preference of the respective mortgagees and
assignees are to be settled upon the minutes this day week•

ROLLS COURT.
(Before the Master of the Rolls, Sir John Romilly.)
READ V. STEDMAN.-JUDGMENT.
His Honour, the Master of the Rolls, said—The question
raised in this case is whether the executors of the late
Charles Hall are entitled to take the residue of his estate.
It did not fall under Lord St. Leonards' Act. There were
no next of kin, and the Crown claimed as ultimas
harm. The testator by his will bequeathed £3,000
Consols to his sister; £5OO to Charlotte Read, and £5OO
to Mary Read, and £350 to Henry Stedman, and
he appointed them the executors of his will, and Mr. Sted-
man to be solicitor and trustee to execute his will. And
by a second codicil to his will he gave to Char-
lotte Reid, the widow of his late dear friend Mr. Reid,
in addition, £lOOO. His Honour, on the authority
of the decided cases of Dawson and Church,
15 Vessey; the opinion of Sir William Grant and Lord
Eldon on Appeal, House of Lords' cases; case of South-
wark, 2 Vessey; the opinion of Lord Justice Knight Bruce,
in Coleman and Russel ; the opinion of Vice-Chancellor
Shadwell in Mead v. Steuart, and on appeal the judgment
of Lord Cottenham—(l-louse of Lords' Cases, p. 1,791)—
considered that the executors were not entitled to take the
residue of the testator's property in this case. His Honour
said—l must make a declaration that the next of kin, or the
Crown, as coming in their place, are entitled to take the
residue ; but the executors are not entitled to do so.
His Honour declared accordingly with costs, as between
party and party.

THE SUN, LONDON, FRIDAY EVENING, FEBRUARY 11, 1.59.

REPE4L OF THE PAPER DUTY.

DEPUTATION TO LORD DERBY—(THIS DAY).
This afternoon deputations from Scotland, Ire-
land, the Old Association for the Repeal of Taxes
upon Knowledge, the Newspaper Press Association,
the Association of Papers Makers of Bi,toing-hain, and
a large number of the members of the House of Com-
mons, waited upon the Earl of Derby, at his official resi-
dence in Downing-street, to urge upon his lordship the
necessity of repealing the paper duties.
Mr. T. M. GIBSON introduced the deputation, and called
upon the Secretary of the Association for promoting the
repeal of the taxes on knowledge.
Mr. D. COLLET then read the address, which was as fol-
lows :

" To the Right Honourable the Earl of Derby, First Lord
of her Majesty's Treasury.
" My Lord,—When Sir Robert Peel gave to this country
the inestimable boon of a free manufacture of glass, some
persons were found so ungracious as to complain that he did
so unasked. It is to render such an accusation impossible
as against your lordship in the case of the paper duties—
not to weary you with arguments that must be familiar
tc you—that we once more take advantage of the audience
which you have kindly vouchsafed to us. It is now
ten years since we formed ourselves into a society,
to demand, on grounds of public policy, the abolition of
these and other kindred taxes since happily repealed. In
that time, with scarce even a single exception, no First Lord
of the Treasury or Chancellor of the Exchequer has been
found to defend the tax. Since we last year brought the
matter under what we think ourselves entitled to call your
lordship's favourable consideration, that branch of the
Legislature on which devolves the burthen of supply has
resolved—' That the maintenance of the excise on paper as
a permanent source of revenue would be impolitic.'
" The house will shortly be called on to give effect to that
resolution. To allow it to remain inoperative on the records
of the house would be derogatory to its character, and we
hope that your lordship will . not call on it to rescind a
resolution which was agreed to without a division.
We have associated with us on this occasion the mem-
bers of three associations, representing the press of
England, Ireland, and Scotland, together with others per-
sonally injured by the duty, in manufactures and com-
merce In every aspect of the question, the mischief done
is so great that the only danger is that either depart-
ment should overlook the extent of the injury done to the
other, and thus overrate its own importance. We do not
'assert that the repeal of the duty will create new popula-
tions to take our manufactures ; but the duty does act as a
prohibition on specific branches of commerce. We do not
pretend that pauperism will cease wherever a paper-mill is
established ; but we are able to show that, were the duty
repealed, double the present quantity of paper might be
produced, and the field of employment greatly extended.
" With regard to the Press, without exaggerating the
extent or the importance of its functions, and without sup-
posing for a moment that any Englishman can be exone-
rated from the duty of exercising a watchful supervision
over public affairs, we complain that the heavy taxation
imposed by the paper duty is a great impediment to that
contemporaneous record of events which is only to be found
in the newspaper. The absence of taxation will not, it is
true, confer patriotism or talent on those writers who are
destitute of them; but where these qualities are possessed,
the paper duty stands very grievously in their way. And
when any individual standing alone attempts to instruct
his countrymen through the press, at his own expense, the
tax operates as a penalty upon the performance of a public
service.

" In submitting this matter once more to your lordship,
we recur with satisfaction to the promise of the Chancel-
lor of the Exchequer to revise our system of taxation.
We recollect that his predecessors in eleven years repealed
seven millions of taxation, with the result of a positive
increase of five millions to the revenue. We cannot doubt
that you have by this time ascertained the practicability of
carrying on the same operation with success, and we hope
that to your lordship's administration we may owe our
relief from a tax which obstructs education, impedes com-
merce, hinders production, interferes with the process of
manufacture, represses industry, and is injurious to that
revenue the maintenance of which is the only, but the un-
warrantable 'excuse for its continuance. Signed, by order
of the commitee, and on their behalf.
" RICHARD MOORE, Chairman,
• 25, Hart-street, Bloomsbury. ~
" C. D. COLLET, Secretary,
-10, Ampton-place, Gray's-inn-road."

The following memorial was also read :
" To the Right Honourable the Earl of Derby, First Lord

cf the Treasury, &c., &c.
" The Memorial of the undersigned humbly sheweth,—
That your memorialists are manufacturers of or exporters
and dealers in sewing cotton. That foreign markets re-
quire such cotton to be ',wound upon cards of pasteboard,
and that the pasteboard weighs as much as the cotton
wound thereon. That the difference in the price of paste•
board hero and on the Continent of Europe is such as to
amount to an export duty of 5 per cent. on the cotton sent
from this country into neutral markets. That merchants
do actually find it advantageous to buy cotton thread in
Germany, to import it into Hull, and then tranship
it to America. That your memorialists believe
this state of things to be mainly owing to
the Excise levied upon paper in this country.
That the Lords of the 'Treasury have declined to allow a
drawback upon pasteboard exported with sewing cotton
wound thereon, on the ground that such drawback would
endanger the revenue. That the magnitude of the interests
involved leaves your memorialists no other course than to
ask your Lordship for the total and immediate repeal of the
excise on paper, which they do most earnestly, not only
for their own sakes, but because it is the only excise remain-
ing upon industry, the moral tendency of which is unques-
tioned.

" Mcnoms, LUCAS, and Co.
"6 WADKIN and KING.
" JOSH. & E. WATERS and Co.
44 F. ENGELS, jun.
" (For ERMEN and ENGELS.)
"JAS. CHADWICK and BROTHERS."

Mr. Vizetelly, Mr. Cassell, Mr. Francis, of the Athenceum,
Dr. Gray, on the part of the Irish deputation, Mr. W.
Chambers, and other gentlemen, having stated their vieivs
on the subject.

The Earl of DERBY said he had listened very attentively
to the statements made by the the deputation. He had
never concealed his objections to the tax, but look-
ing to the state of the public revenue, he could
give the deputation no distinct answer on the subject.
He could not express any opinion on the subject, or anti-
cipate the statement that the Chancellor of the Exchequer
would be called upon to make during the next two months
All he could say was that the state of public finances was
the only thing that stood in the way of the repeal of the
duty.
The deputation then withdrew.

IMPERIAL PARLIAMENT

HOUSE OF LORDS—(YESTERDAY).
The LORD CH A.NCELLOR took his seat on the woolsack
at five. o'clock.

NEW PEER. •
The Ex..l of ItiroN (late Vi6eount Goderielt) took the
oaths and his seat.

INDIA.

The LORD CHANCELLOR stated that he had re-
ceived letters from the Govemor-General of India, from
Lord Harris, Governor of the Presidency of Madras, Lord
Elphinstone, Governor of the Presidency of Bombay, Lord
Clyde, and Mr. H. B. Frere, acknowledging the vote of
thanks passed by their lordships last session.
THE DANUBIAN PRINCIPALITIES.

The Earl of ST. GERMANS wished to ask the noble
earl the Secretary for Foreign Affairs if it was consistent
with the convention signed on the 19th of August last, that
only one person should be elected to fill the office of Hos-
podar in. the Danubian Principalities instead of two.
Their lordships had been informed in her Majesty's Speech
that the Roumain provinces were about to establish a form
of Government under the provisions of that treaty. He
thought it would be satisfactory to their lordships if they
were made acquainted with the views of the Government
upon the subject.
The Earl of MALMESBURY said he had already in-
formed his noble friend in private that it would be inconve-
nient to the interests of the public service to answer
the question. It would be so for this reason—it
was more than probable, looking at the events
which had taken place in the Danubian Thinci-
palitier2—indeed it was nearly 'cm fain, that the Conference
would again assemble, or at all events all the parths
who had signed the convention would have to
consider and determine the interpretation to be placed upon
various clauses contained in it. He was certain his noble
friend would agree with him that it would not be desirable
to anticipate, by any declaration of opinion on the part of
her Majesty's Government, the discussion which must take
place elsewhere.
LAW OF PROPERTY AND TRUSTEES RELIEF
AMENDMENT BILL.
On the motion of Lord ST. LEONARDS, the house went
into committee on this bill.

Several verbal amendments were made on sonic of the
clauses of the bill, after which it passed through committee
and was reported.
THE WINDING ;UP ACTS. -
The LORD CHANCELLOR then rose to introduce a
bill for -the amendment and alteration of the law with re-
gard to the winding-up of public companies. (Hear.
He • thought that if the alteration which he had the) honour of submitting to their lordships were accepted by
both houses of Parliament, he should not despair of intro -
ducing a measure, during the present session, for the com-
plete consolidation of the law on the subject. His lordship
then proceeded to state the law as it at present existed
with respect to winding up joint stock companies. In 1844
an act was framed for the incorporation of joint stock com-
panies, which was afterwards amended in 1848. By the pre-
sent law the creditors could take no part in the proceedings
for winding up a public company, and it was not until 1857
that this state of things was altered. An act was, how-
ever, passed in 1856, by which the shareholders in public
companies were not indefinitely liable for the debts of the
company, but banking and insurance companies were not
included within the scope of the bill ; so in 1856 the law was
amended, and some of those companies before excluded were
included with those companies already:dealt with. Insurance
companies were still exempted, it being thought there was
nothing peculiar in their construction. The bill which he
now had the honour of submitting would enable all com-
panies, whether in possession of a share capital
or not, to take advantage of the act, and possess
themselves of all the facilities offered. It would not be
desirable to detain the house with any further explanations,
as their lordships would perceive the object was the further
consolidation of that department of the law.
Lord BROUGHAM expressed his approval of the bill.
Their lordships then adjourned.

HOUSE OF COMMONS-(YESTERDAY.

The SPEAKER took the chair at fou; o'clock,

Petitions were presented in favour of the repeal of
the paper duty—Complaining of the grievances inflicted
on the shipping interest—and also that the provisions of
the Superannuation Act might be extended to the employds
in the provincial post-offices.
On the motion of Sir W. JOLLIFFE a new writ was
ordered to issue for the election of a knight of the shire to
serve for the east division of Worcester, in the room of
Colonel Rushout, now Lord Northwick, who had been
called to the Upper House since his election.
On the motion of Sir G. W. HATTER, a new writ was
ordered for the borough of Hythe, vacant by Sir John
Ramsden having accepted the stewardship of her Majesty's
Chiltern-Hundreds.
CHRISTIANITY IN INDIA.

Mr. WARREN gave notice that on that day fortnight
he would bring forward the motion which he had previously
given notice of on this subject.

THE FOREIGN OFFICE.
Mr. TITE gave notice of a motion with reference to the
intentions of Government respecting the foreign offices in
Downing-street.