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

THE CRISIS IN CHINA.

We have been requested to give publicity to the fol.
Lowing _ . . .

East India and China Association, Cowper's-
court, London, Jan. 6.
" To the Right Hon. the Earl of Clarendon, K.G., her
Majesty's Principal Secretary of State for Foreign
Affairs, &c.
"My Lord,—The members of this association beg
leave to address your Lordship on the occasion of the
present crisis in China, many of us having personal con-
uexions and a large amount of property at stake in that
c3untry, s.nd being deeply interested in the uninter-
rupted maintenance of our commercial intercourse with
its people.
"2. We therefore hope, if Admiral Seymour should
not have succeeded in effectually and permanently esta•
blishing our right of free ingress and egress into and out
of the city of Canton, conformably with the treaty, her
Majesty's Government will adopt prompt and effectual
steps to secure that important condition. in order to pre.
cluJe any future collision with the local Government at
Canton.

" 3. Your lordship will be aware that the enforcement
of this stipulation of the treaty was indulgently postponed
from time to time at the solicitation of the Chinese
authorities at Canton, and this indulgence, instead of
conciliating, has only encouraged the obstinacy and hos-
tility of the provincial Government and populace.
" 4. If free intercourse were insisted upon and esta-
blished at Canton we have no doubt that animosity would
gradually subside, and our commercial transactions there
be carried on with the same mutual satisfaction as to the
northern ports, especially at Shanghai, where the in-
crease of trade exceeds all expectation.
" 5. It may be necessary to make a conciliatory but
powerful appeal to the Emperor at Pekin, either by
Great Britain singly, or in concert with the other treaty
Powers.

" 6. In fact, a new treaty will now be required, and
we are quite willing to concur in the same liberality
which was voluntarily accorded on the former occasion
by allowing to other Powers all the advantages which
we may obtain for our own country.
7. In the arrangement of any new treaty it will be
necessary to revise the tariff ad valorem rates for the as-
sessment of duties, and it would be desirable to obtain
permission to trade at any other in addition to the five
ports, permitting in return Chinese vessels from all porta
in China to trade with Hong Kong ; and for British sub-
jects to pass into the interior of the country, to which no
objection seems to be made by the population in the
vicinity of Shanghai.

"It-would be a great advantage, both to Chinese and
all other merchants, to have the navigation of the large,
rivers.

"If a first-class representative and plenipotentiary from
her Majesty could be sent out to negotiate a new treaty,
and to be permanently accredited to the Court of Pekin,
the deplorable provincial collisions which have periodi-
cally occurred would in all probability be hereafter
avoided.

"8. Many members of this association have been re•
sident in China, and would at any time be ready to give
local information derived from their own experience.
" And when a new treaty is in course of formation
we hope we may be allowed, as on the former occasion,
to submit such further suggestions as may occur to us
for the maintenance and extension of our commerce
with China.

" 9. We may observe, in conclusion, that our trade
with China has become one of the greatest national im•
portance.
" The import of tea at the time of the treaty was, in
1842, 42,000,0001 b., and has been in 1856 87,000,0001 b.
Of silk, in 1842, yearly average, 3,000 bales ; 1856,
56,000 bales.
"10. Seeing the magnitude of this trade, we have no
doubt your lordship's powerful mind will be anxious to
place it permanently, according to the first article of the
Treaty of Nankin, upon the basis of peace, amity, and
protection for persons and property.'—l have, &0.,
" S. GREGtsoN, M.P., Chairman."
The following is a copy of the reply to the above ad•
dress :

" Foreign-office, Jan. 8.
" Sir,—I am directed by the Earl of Clarendon to as-
knowledge the receipt of your letter of the 7th inst. with
reference to the events which have lately occurred at
Canton ; and, in thanking you for that communication,
I am to assure you that it shall receive from her Ma•
jesty's Government all the attention which the impor-
tance of the subject demands.
" I have further to say that Lord Clarendon will have
much satisfaction in receiving from the East India and
China Association any suggestions or advice with respect
to the new treaty which it is desirable to negotiate with
China.—l am, sir, &c., "E. HAMMOND.
" S. Gregson, Esq., M.P.,
East India and China Association, London."

It is estimated that the Peninsular and Oriental
steamer PEra, with the Indian mail of the 20th, will
take out between 300,0001. and 400,0001., principally
silver. Oa this occasion no shipments will be made to
China.

STOCK-EXMANGE,—The committee of the Stock-
Exchange yesterday unanimously adopted the following
resolution, with the view of checking the laxity shown
by some members of that establishment in undertaking
speculative transactions for clerks, of the nature recently
illustrated in the instances of Redpath, Robson, and
others :
" The committee particularly caution members of the
Stock-Exchange against transacting speculative busines
for clerks in public or private establishments without tl
thi r
knowledge of their employers. Members disregarding s
caution are liable to be dealt with in such a manner 110 tb
committee may deem advisable."