The Sun.
London, England, 1850-06-05 00:00:00

APPOINTMENTS:

WOOLWICU, JUNE 4.—Chapi;ilTH. W. Steel (1842)
to the Albion, 90, at Devonport.

Assistaat-Surgeon George I. Willes (1844), to the
Dolphin, 3, at Sheerness.

Naval Instructor Frederick H. Needham (1841), to
the Albion.

Clerk William Elliot, to the Agincourt, 72, depot
ship of ordinary, at Deyonport.

Clerk's Assi;tant T. G. Kemp, to the Agincourt.
Ile Right Hon. Sir Francis T. Baring, Bart., held a
levee at the Admiralty, Whitehall, to-day, and it was
attended by the following officers:—
Rear-Admiral Hon. Sir Fleetwood Pellew, C. 8.,
K.C.H.

Captains Samuel Thornton (1827), George B. Martin
(1828), Edward IT. Scott (183 S), Woodford J. Williams
(1841), Digby Marsh (1842), William A. Willis (1844),
Sir George Graham Otway, Bart. (1846), and Arthur
Farquhar (1849).
Commanders Thomas Greene (1833), Joseph M. Mott-
ley (1843), John Lunn (1844), Edward Collier (1845),
W. F. Burnett (1846), William G. Maude (b, 1846),
Reginald J. J. G. Macdonald (1848), and G. Hancock
(1849).
Lieutenants W. R. Davis (1815), R. D. Stupart (1840),
Thomas Hodgkinson (1841), and Hon. Oliver W. M.
Lainbart (1844).
Surgeons Gilbert King, M.D., inspector of hospitals;
William Gunn, M.D., of the Naval Hospital; John An-
derson; M.D. (b), Sheerness Dockyard; and Joseph
Wilson.

MONTHLY MILITARY OBITUARY.
General James Orde, Teddington.
Major • General Sir James Sutherland, East India
Company's Service, London.
Lieutenant-Colonels—G. D. Young, C. 8., 10th Foot,
Wuzmrabad, Bengal; Dods, hall-pay, Ist Foo', Glasgow.
Captains—llaudfield, 29th Foot, Meerut, Bengal;
Mordaunt, half-pay, 61st Foot, Verdun, Frane,'; Pass•ley,
retired full pay, 82d Foot, London; Pyner, Unattached,
Yarmouth.

Lientenants—Veitch, 25th Foot, Bangalore; Bolton,
84th' Foot, Poonamallee; jonnings, half-pay 1t Garri-
son Battalion, Guerniey; Sayers, Unattached, Youghal.
Quartermaster Pittard, half-pay Oxford Fenciblo Ca-
valry, Long View, Hnyton.
Surgeons—Llwson, 7th Hussars, Cork; John Millar,
North Britain Recruiting District, Glasgow; Young,
half-pay, 16th Foot, Falmouth; Wohsarg, half-pay,
Brunswick Infantry; Kindel!, half-pay Staff.
Assistant-Surgeon Dr. Grantham, 23d Foot (drowned
in Lake Erie).

DUNDItY.—A BRIDEGROOM AT FAULT.—On
Monday last a would-be happy. couple (the son and.daugh-
ter of two farmers residing in the neighbourhood of
lltindry). presented themselves at the parish church in that
village, accompanied by the bridesmaids f.nd as many brides-
men; and upon being interrogated by the clergyman as to
the .object of their .visit; the' young man replied that be was
come to get Married by licerp.e. Upon being required to
produce the necessary documents, the aspirant Benedict
seemed thunder-stricken, and scratching his head, said ,41-
thought I could get 'on here." The party being informed of
their mistake, were obliged to. return home with the hrrne-
nee' rites unconsummated. The expectant Benedict had the
satisfaction of making all . things right just in time to get
married on Tuesday.—Somerset County Gazette..

BANK OF BRITISH NORTH
AMERICA.

The 'yearly general meeting of the proprietors of this
hank was held yesterday, at the offices of the. cor-
poration, S'. Helen's-place, Bishopsgate-street;
Cheptimn, Esq., in the chair.
The report stated, that during the past year, the
general state of trade in the colonies did not
warrant any important relaxation of that restrictive
policy on which the directors had thought it
right to act during the preceding year. Op-
portunity of profitably employing the capital of the
.baulk had been limited, and a large portion of the avail-
able capital was now held at New York, as well as at
London. Symptoms of increased commercial activity,
however, began to present themselves, especially iu
Canada West, which the directors attributed to the re-
turn of agricultural prosperity, and they believed that a
general revival of safe and remunerative trade would, be-
fore long, extend throughout the North Canadian pro-
vinces. The report concluded by sta ing that the di-
rectors would be enabled to declare a dividend at the
same rate as in former years, viz , 5/, per cent. The lia-
bilities amounted to 1,908,4671. 143. lid., and the assets
to 1,996,8274 53. Bd., leaving a balance of undivided net
profit of 58,359/. 103. 9il.
The CHAIRMAN said it would only be necessary for
him to make a very few observations upon the report.
The description given of the depressed condition of trade
in North Canada would be confirmed by every gentle-
man present who was commercially connected with the
colony, but it was highly gratifying to the directors
to see evidences of returning prosperity, more par-
ticularly in Upper Canada, where for some time
past a very great improvement had taken place. in
the business transacted at the different branches of the
bank, and judging from his personal knowledge of thet
fine province, he entertained a well-founded hope that !i
the measures at present under the consideration of our
Government for throwing open the navigation of the St.ii
Lawrence, and bringing about a system of reciprocity
, between Canada and the United States, would do more
towards the rapid and permanent improvement of
Canada than any act of our Colonial Legisla-
ture had done for the last fifty years.—(Hear, hear.)
If that expectation should be realised a fostering and
encouraging aid would be given to every sound and
commercial undertAing. The directors referred with
pleasure to the gratifying result of their adherence to
that restrictive policy which they had on more than one
occasion asked the proprietors to sanction. It was
owing to that policy that they bad been enabled to meet
the proprietors with the assurance that the large resources
of the bulk were at present quite unfettered and
ready t) be immediately applied to the extension of bu-
siness at any quarter or portion of the province.—(Hear.)
Captain KELLY said lie could not express that gratifi-
cation at the report which he had done on former occa-
siens. .Nearly the whole of the London joint-stock
banks paid a considerably larger dividend than the di-
rectors now declared, and ho believed several of the co-
lonial banks, viz-, the lonian, the Montreal and one of the
Australien banks gave the proprietors as much as 6
The Montreal bank was situated in the same
province, and he at least hoped they would have a divi-
dend equal to whet was declared by that undertaking.
lle wished, therefore, to know whether the smallness of
the dividend arose from a great portion of their capital
being unemployed, from bad debts, or from maintaining
a too extensive establishment.

The CHAIRMAN mat safety was one of the grea'est
elements in an institution like this. The directors had
to act with great caution and discernment. The dividend
might be smaller than that given by other banks in
Canada, but it was unfair to make such a comparison,
because there were clau3es in their charter which placed
them at a disadvantage, though in one respect it pre-
vented them encountering very great losses. The small-
ness of the dividend did not arise from the amount
of had debts incurred during the past year.—
(Cries of " Hear, hear.") Their establishments
were not too extensive, and the salaries of the officers
in Canada were much smaller tha❑ those paid by the
Montreal Bank. The had debts for the year were
4.000/. The great portion of the capital of the bank
was invested on good senrities at New York, which
paid a much higher rate of interest. There was about
02,000!. in England, which was bearing interest at 14
per (en'. About 100,0001. had been paid into their
branches in Canada by depositors, and upon that the
bank allowed 3 per cent.
In reply to a question from a PROPRIETOR,
➢lr. BARNEWALL, a director, said it was the custom
of all banks i❑ Catiatirt to allow 3 per cent. in Canada,
but the usual charge fur discounts was 6 per cent. It
was necessary they should have a large reserve to meet
contingencies, and the amount was not greater than was
necessary.
I❑ reply to another Pnornirron.,
The CHAIRMAN said the prcofits for the year amounted
to 77,6121. 12s. Btl.

The report was then received and adopted, and the
retiring directors having been re-elected,
The meeting separated.

SOUTH WALES RAILWAY.

At two o'clock yesterday a spacial general meeting of
the shareholders cf this company was held at the
station of the Great Western Railway, at Paddington,
for the purpose of taking into consideration the draft of
the following Bill applied for in the present session:—
" A Bill to enable the South Wales -Railway Company
to make a new Railway in the Forest of Dean, in lieu
of the railway already authorised, and to make certain
alterations in the line and levels, and the mode of con-
struction of their railway, and for other purpose!." Mr.
C. M. Talbot took the chair.

The SECRETARY having read the notice convening
the meeting, the SOLICITOR to the company proceeded
to lay bt fire the meeting the heads of the Bill.
A SIIAREIIOLDrIt wi!bed to know if the Great West-
ern Railway Company had given their consent to the
passitig of the Bill?
The CHAIRMAN replied that they had not yet received
a formal answer from them, though their consent was
necessary, and that the object of this meeting was partly
to obt sin that consent, which there was no doubt they
would shortly receive. The Act could not, however,
become a law until their consent was obtained.

A SHAREHOLDER proposed that the meeting be ad-
journed until the Great Western Railway Company had
giyen their consent.
Tha CHAIRMAN could not agree to any such motion,
as they had already left this most important undertaking
to the very last moment. He would suggest to the Hon.
Shareholder, that he should draw up a separate resolu-
ti n requiring that the directors of the South Wales
Railway would not proceed with the Bill until the Great
Western Railway bad granted their consent. It would,
however, be necessary, according to their Act of Parlia-
ment, to pass, on the part of the directors, the resolution
laid before them.
A t-;IIAREHOLDER wished to know if the Great West-
ern Company had had time to reply to the application
made by them?
The CHAIRMAN replied that they had; but in the first
application there were several provisions to which they
dissented. These provisions were not now in the appli-
cation, and he bad no doubt whatever that they would,
as soon us practicable, grant their consent to the Bill.
A SHAREHOLDER remarked that their consent was
not quite sure, and if they intended to refuse the appli-
cation the directors of the South Wales Railway ought
to be extremely car( ful not to make any slip, which the
Great Western Company might take advantage of.
The CHAIRMAN then moved, as a resolution, that the
Bill laid before them should not be passed into an Act
until the consent of the Great Western Railway be ob-
tained. He wished to know if that resolution would
not meet with the views of every shareholder present.
A SHAREHOLDER proposed that the following should
be added, "that nu further expenses be incurred until
the Great Western Railway had granted their assent."
The CHAIRMAN said that was of course understood,
but that when a Bill was taken into the House
of Lords, there were certain Expenses which
were unavoidable. Upon a shareholder ask,
ing what time they expected an answer,
Mr. HUNT replied that they would have an affirma-
tive or negative answer during the next week at the
latest.
The Rev. Mr. SPENCER wished to move an amend-
ment to the Bill, in the shape of a petition to the House
of Commons.

The CHAIRMAN could not allow any such proceeding.
The meeting assembled must either affirm or negative
the Bill. With regard to the petition of the Hon. Share-
holder, he could present it to the House of. Commons
without any difficulty, when and where it would be duly
considered, but at the present time it could not be put
as an amendment to the Bill he had proposed..
The resolution that the Bill be carried was then una-
nim.uily adopted. After which another resolution was
also agreed to, that the Bill should not pass into a law
until the consent of the Great Western Railway be ob-
tained.

A vote of thanks to the Goairman terminated the pro-
ceedings.

bags went at 46s for common, which is a further advent
of fatly is per cwt. Plantation met with greater atten
Lion, and at the public sales of 45 casks 64 bags Prices
advanced 2s to 3s, mid selling et 555 to 595 60, low raid
533 to 555, fine fine ord 49s to a 23, triage 45s to 483 6d,
parcels were
pea berry 533 to 595, and privately some
sold at similar rates.
MOLASSES.-West India continues to be purchased
with caution, but holders are firm, and require 133 to 173
for low to fine quality. East India tnc: with little at'
tention, and 12s to 13s per cwt is the value. k%
5
Cocoase-This afternoon a public sale of 252 P
Grenada Cocoa welt at 37s 6d to 385 63, and ut 39; 6
for bright red, which are rather lower rates. a?
TEA.-There is no advance in prices of Green, stile
holders have more confidence, and less freely °MI
the market; a much better sale has been ex
from town and country dealers, and former ra'°
are well supported. For good and fine
gous demand is better, and holders refuse
.1
make any further concession in the volue, "'hies
For Co
the parcels acid were at from Is Id to is 7d. perience s
mon there is a good hose e and export demand at 91t1 to
9;ad, and medium 10i to Is Oad. Pekoe, and Scsnce
Tea cannot be quoted higher, but there is more dapca
sition to do busin ress. cd
Srices.-For Mace, holders do not appear dis ,
to accept lower rates, and ask from Is 10d to 23 ati
common to fine quality. The market for Nutmegs ha
s
a quit t aspect, and at auetion 10 casks Dutch limed we':
taken in at 2s 10d for good, and middling at 2s 7d and
lb. The value of brown is from 2s 9d to 2s 10d, la%
good to fine 33 to 41. Cassia Lignea is not raducea
wanted, and rather lower rates base been sec° ce
to, although there is a small supply at market; pile c'sis
84s, pile two 82s 7d to 83s, and pile three 803 t° et
pt.r cwt. Pimento-Several parcels by private coetrave
have changed hands at 44d to 5.1 per lb. Prices 3°104
ceased to decline for Ginger. Jamaica from 4/ to
African 34s to 38t, and East India shipping sorts 175 0
u.
21s per cwt. Cloves have been operated in wiLhe csat
tion. Penang at is to is 6d, Bourbon and Zaceioar
6ad to 7ad.
HICE.-To-day there was more passing in East luclati4
Rice by private treaty, and at auction 2,390 bags 13°1140
went readily at 3d per cwt advance-mid to good wand
realised 9s 6d to lls, small broken 8s 6,1 to 95,
damaged 8s to 9s 6d per cwt. 50 barrels Tapioca f°
at 5d to bad f a- good and fine.
SPIRITS.-In East India Rum operations have beeelio
little moment, and is 2nd to is 3d per gallon is the v 3 0 •
of proof. Leeward Island has been purchased aliih It)
tion, and only 150 puns have been sold at 13 31'15,9
is 43. Demerara is not much wanted; era Yea
puns have been sold at 2s to 2s 2d for It'
40 per cent. over proof. Jamaica prices for 2° 3t
29 per cent over proof rule at 2s 2d to 2s 6d, 30 to
over 24 7d to 3s, better sort 3s 2d to 4s, and big d 5
4s 2d to 4a 6.1 per gallon. Brandy-Cognac best brand'eri
the vintage of 1849 a: 4s 4d to 4s 6d, 1848 ditto
to 4s Bd, 1847 ditto 4s lld to 5s Id, and inferior sore.
23 8d to 4s 23. Geneva at is 7d to is 81, and fine 2
to 3s. In British made spirit there is no varieties. ;
INDIGO.-Previous terms are well sustained, an a I
good busiess has been concluded in both home trat •
well as inn export descriptiens. Oi Spanish a fair
"-
D
tity has bee:, disposed of at tae previous carte
whilst supplies are less than fur some time past. A oil
SALTPETRE.-To-day there was a steady demand'
et public sale 1,596 bags Calcutta went at full terms, '
refraction 25 to 25s 6d, 94 25, 6d, 5 to 53 26s to 263' 7
and flee white bold crystal 27s 63 I
cwt
for 3i 1
cent. )'r
per
COCIIINEAL.-This afternoon the public sales 'rt
bags Cochineal went off at full rates, and the chief I'
sold, Honduras silvers 3s 81 to 3s 101 for comma° e
good mid, ord to good black 3s 93 to 45 9d, and gy
Mexican silvers 3s 9d t 0.35 10d.
Oras.-In consequence of the late considerable
iao
duction in prices of Seal Oil a much better derailed "e s.
been experienced, but chisfly for home trade aaarli°,s, or
At auction 40 tuns pale were sold at 301 105 to 31a,
too
tun for fine, The value of other sorts is from 27`,,
291 10s per tun. For Cod holders require 341 109 toe,a 0
Southern, 321 to 341 for common to fine. For S its
an active demand has been experienced together
an advance in prices. At auction 52 tuns Colonial w
disposed of, fine at 841 5s to 851 15e, middling end gal ills
se
81ed1 to
Oil 3/
is 15cheaper,s, and loand w dabothrk at
shippers / per tasura
well
home dealers operated with caution. o'lll 441•
29s 3d to 29s 6tl per cwt has been sece,t;7'.
Rape Seed Oil is not higher ; pale at' 35s 6i to
brown 35s to 365; and Foreign pate at 38s to 38a 6' ap
cwt. Palm, 303 61 to 31a. Cocoa Nut met with (1 r
a moderate demand, although fine Ceylon is to ba"'
tainel at 303 to 31s; Cochin, 31s to 32s ; and SPP.,
01
27s to 293. These moderate rates are likely to indo°,,eb kie
parties to operate with, more freedom ore long, ya4l
0.1 is offered at a further reduction.' GalliP°4- s
411 lOs to 421, and other sorts at 40l to 40/ 109 per tot
ri
TALLOW.-Operations iii Russian on the spot b,,
I can small, and previous rates are barely suar3r",
Fine P.Y. Candle is to be obtained at 363 64 10 376 'IV
CA% Few bus era are to be met with for deliveryi" ed
last three months of the year, and sellers appear case a,
to accept 38s 6d. There has not been winch Ft:
,0
ing in Town Tallow, and 35, 61 to 365 per 's) to
the value net cash ; the quantity ow offer i°
large. Other sorts of Tallow have been only in s
derate request, and rather lower rates are accedeiu jo
At auction 860 packaaes South American were c'nfbal
part sold at 34s 63 to 363 6d, grease, 304 27°,;- `:;6'
Sydney 33s to 36s 6d; and 50 casks p. y.Cov":, gi
3d per cwt. There are free sellers of Rough Fat '"
per stone.