The Sun.
London, England, 1868-11-06 00:00:00

TO THE EDITOR OF THE SUN.

Sin,—ln May last a commission was issued to in-
quire into the causes and circumstances attending
the failure of this bank. The commission was
issued under an Act of the Governor-General of
India in Council (Act No. 17 of 1868), which re-
ceived the Governor-General's assent on 20th Way
last. The commissioners opened the inquiry in
Bombay, and took evidence, and have adjourned to
England. Act 31 and 32 Vic., c. 63, of our Legis-
lature, gives the commissioners necessary powers
in this country, and direct the inquiry to be held
in public. The commissioners open the inquiry
here on Monday, the 9th inst at eleven o'clock, at
the India Office, in room No. 200. The share-
holders are anxious that the inquiry should have
full publicity, and we write in their interests to
draw attention to the fact that the inquiry is about
to open. You may think too that the matter is
one of public interest, and particularly as the com-
missioners are also charged by the Secretary of
State for India to inquire into the connection of the
Indian Government banks with the State.--We are,
air, your obedient servants,

GRAHAM AND LYDE.
2 and 2, Mitre-court Chambers,
Temple, E.C., Nov. 5. _ _

• .
A meeting of the importers of wool was held
Yesterday for the purpose of fixing a day for the
commencement of the next series of colonial
wool sales; but in consequence of the uncertainty
about the elections, it was adjourned to Tuesday
next.

At the half-yearly meeting of the West Flanders
Railway Company yesterday, a dividend of ss. 6d.
per share was decided.

A dividend of 19s. per share for the past half-
year has been declared by the Vauxhall Bridge
Company.
The difficulties of a small Indian and Colonial
agency were the subject of conversation yesterday
afternoon, but the engagements are understood to
be of a satisfactory character. The return, of one
or two drafts has caused the embarrassment.

Bills of exchange on the Government of Ceylon
for 250.000 rupees were disposed of yesterday by
tender at the offices of the Crown agents for the
colonies. The minimum was fixed at ls. 1 lid. per
rupee, r.nd the whole amount was taken at and
above that rate.

It appears that the Portuguese Government,
having lately obtained a limited temporary loan
at Paris and Frankfort at the rate of 16 per cent.
ou the security of internal stock hypothecated at
an extremely low price, are ilbw negotiating at
Paris for a much larger loan to be introduced for
public subscription. If the appeal be simply ad-
dressed to French investors, no remonstrance will
be necessary here, but shauld the slightest attempt
be made to obtain further sums in London the
Whole history of recent Portuguese finance must be
recapitulated, in which case the Gouernuaent may
rely that not a shilling will be obtained from this
Bide.

The return from the Bank of England for the
week ended the 4th November gives the following
results when compared with the previous week :
Rest
PuLlic deposits
Other deposits 18,621,065 ... Decrease .. 1,298,459
OR the other side of the account :
Qovernment securi-
ties £15,485,874 ... Decrease ....f..500000
Ottier securities 15,728,291 ... Increase ... 22,859
Notes unemployed 8,910,605 Decrease ... 663,745
The amount of notes in circulation is £24,530,370,
being an increase of £337,490 ; and the stock of
bullion in both departments is £19,477,738, showing
a decrease of £367,123 when compared with the
Preceding return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Rentes with the corresponding week of
last year

Al Present. Same Weeklast Year.
1111 on
Reserve
Notes in circulation 24,513,370 24,606,915
Rate of discount
Consols
French Renter

Consols are 941 4 for money ; ditto, for account,
941 ; Three per Cents. Reduced, 921 4 ; and the
New Three per Cents, 921 1. Bank of Eng-
land Stock, 4 per Cent., 2441 4.
In the Foreign market Turkish Bonds of 1852
have improved 1 per cent. and Spanish of 1867 1
While Mexican and the Orel Vitebsk:Railway Loan
have receded 1. Subjoined are the prices :—Bra•
zilian of 1865, 781 1 ; Chilian of 1867, 94/ to
951 ; Egyptiantof 1864, 81/ to 821 ; ditto of 1868,
721 to 734 ; Italian of 1861, 541 to 541 ;
Mexican, 151 to 16 ; Peruvian of 1865, 811 to 821;
Russian of 1866, 901 to 911; ditto Nicolai Rail-
way Loan, 651 to 1, ex. div. ; ditto Orel, 811 to
; ditto Moscow-Jaroslaw, 821 to 83 ; Spanish of
1867, 331 to 34 ; Turkish of 1858, 611 to 621 ; ditto
0f11862, 691 to 70 ; and ditto of 1865, 411 to 4.
India Stock, 10/ per Cent., April, 1874, 216 ;
ditto, 5
per Cent., July, 1880, 115 141 ; ditto,
Bonds, 4 per Cent., £l,OOO, 16 ; ditto 4 per Cent.,
Under £l,OOO, 19 prem.
The New Russian Railway Loan is 11 to 2
Prem., and Italian Scrip 1/ to 2 prem.
The Honduras Loan has further improved /, to
911 921.
In the Railway Market prices remain unal-
tered. The prices are : —Caledonian, 73 -1 ;
Great Western, 491 50 ; Great Eastern, 43 1;
Great Northern, 1041 51 ; ditto A, 1031 4 ;
Metropolitan, 105/ 6 ; Lancashire, 128 ;
1111 ; Sheffield, 471 ; Brighton,
491 50 ; North British, 321 3 ; North 'Western,
1111 9 ; South Eastern, 771 8 ; Chatham and
Dover, 161
Bank Shares remain as quoted yesterday; but
in Miscellaneous Shares Hudson's Bay are
2s. 6d. lower, at 141 to 1, but other descrip-
tions are without variation. National Discount,
111 to 12 ; General Credit, 21 to 21 dis. ; Inter-
national, 1 3-16 to 1-10 dis. ; Telegraph Con-
struction, 151 to 1 ; Atlantic Telegraph Eight
Per Cent. Preference, 31 to 4 ; and Anglo-Ame-
rican, 21/ to 22.
lit American Securities Anglo-American Tele-

graph Shares have declined to 21i 21i ;th
Eight per Cent. Preference Shares remain at 3
4 ; and Atlantic Telegraph Original Stock at
31 32.

French Atlantic Cable shares are 41 31 dis. At-
lantic and Great Western Railway Debentures are
361 to 371-; and the Consolidated Mortgage Bonds,
38/ to 39—showing in each case an advance of 1.
Fries and Illinois Central, on the other hand, have
given wap 1, to 271 271, and 961 to 971 respec-
tively.
Great Indian Peninsular Railway New Four per
Cent. Debenture Stock is 94i, 93k.