The Sun.
London, England, 1845-09-27 00:00:00

BANK OP ENGLAND.

(From last Night's Gazette.)
Al\4Account, pursuant to the Act 7th and Bth of Victoria,
cap. 32, for the Week eading on Saturday, the 20th day of
September, 1845.

ISSUE DEPABTAIENT.

£.
Notes issued ...... 28,798,230

Government debt 11,015,100
Other securities... 2,984,900
Gold coin and bul-
lion ............ 12,863,507
Silverbullion... 1,934,723

£28,798,230

111.Dl
Dated the 25th day of Sept 4

£28,798,230
[ARSIIALL, Chief Cashier.
ember, 1845.
:PARTMENT.

BANKING DI
X.
Proprietors capita 1,14,553,000
Rest .... 3,616,685
Public deposits (in-
cluding
_Elcche-

Government secu-
rities (including
Dead Weight
Annuity) 13,348,643
Other securities 13,297,048
Notes 8,327,895
Gold and silver
coin 549,319

quer, Savings-
banks, Commis-

sioner's ofNational

Debt, and divi-

dend accounts) 8,222,109
Other deposits 8,110,787
Seven day and other
bills 1,020,324

£35,522,905

M. MA
Dated the 25th day of Septei

£35,522,905
LRSHALL, Chief Cashier
:mber, 1845.

PROMISSORY NOTES.

(From Last Night's Gazette.)
An account of the Average Aggregate Amount of Promis-
sory Notes payable to bearer on demand, which have been
in circulation by the Banks in Scotland, by the Bank of Ire-
land, and by all other Banks in Ireland, during the four
weeks ending the 13th day of September, 1845, pursuant to
the Act of 4th and sth Victoria, cap. 50 :

SCOTLAND.
Chartered, Private, and Joint-Stock Banks 23,341,397
IRELAND.

Bank of Ireland 3,712,725
Private and Joint-Stock Banks

Total
JOHN THORNTON.
Stamps and Taxes, Sept. 26, 1845.

THE CURRENCY AT MALTA.

(From a Malta Paper.)
It was with the greatest satisfaction that we learnt of the
renewal for the rest of the present and the whole of the en-
suing year, of the convention between the banks and mer-
chants to receive the Sicilian dollar at 4s. 2d., and also the
Maria Theresa dollar at the same rate, and the Spanish dollar
at 4s. 4d.
We hail this measure as an example of uniformity of action
between the British and native merchants, which we trust
will be followed in future on all similar occasions, whence no
little good must result to this community. We hail it as a
proof that the bank committees know far better what is bene-
ficial to these inhabitants, even in regard to so extended,
complicated, and widely-ramified a subject as that of the
currency of the island, than my Lord Stanley with all his
under-secretaries. We had it as a legal act of self-defence
against a Ministerial act of spoliation, adopted in a manner to
convince the Minister that there are men in this colony, as
well as at home, who have the courage constitutionally to
resist acts of robbery which at home would not be suffered for
a moment. But above all do we hail it as a conclusive proof
that this island can never be well governed until it enjoys a
real Council of Government, effectively representing the in-
habitants, and actuated by a sense of what the public good
requires. Neither would such a council be wanting here for
llieltsag?sol lohnuoorfui
earthtime,nldgpt shw:oeenbsr
set
at
hftiehnawte
etiErth English gfßlfitorshrihtsiast rightsho jsou greaterihni
ewhciitst Maltesehoabnnit:liimiheisaly does
him to than he does even in a province of Turkey. eanVitylesal
But, returning to our subject, some of our contemporaries
are advocating, as a standard of currency, the coinage of a
colonial dollar. The idea is singularly absurd! If the pro-
posed dollar were to be of standard silver passing at its
intrinsic value, it would immediately disappear from circu-
lation. Every dormant capital would be replaced by it; out 1
of Malta it would be everywhere saleable; it would get dis-
persed in other countries where it was not current, and
where, there being no incitement to send it back again to
Malta, it would infallibly get melted down, and converted
into the ordinary uses of bullion. If, on the contrary, such
dollar were to be of an intrinsic value sufficiently less
than its nominal one to keep it in the island, we should
then find ourselves where we are at present with the
British silver, obliged to go to the money-changer for every
dollar we want for abroad, paying the difference of value
between the dollars we purchase and those in which we pay
for them, for surely no one would sell us dollars for less than
what it would cost him to replace them. This in sub-
stance would be taxing Malta in favour of the mother
country, as is attempted to be done at present. For the
alloy of the coin would be gained by England, and lost by
us in purchasing dollars for, or in paying for, articles from
abroad—in which operations we could only pass them at
their real value, against the foreign coin or the goods repre-
senting foreign coin at a nominal one. To the extent of this
loss everything would rise in price, and this would be equi-
valent to having a currency at a discount, or in all operations
aniantno yti
Ten]
axde
except between the people and the Government; or, in other
words, it would be having a local standard of currency mea-
sured by a foreign standard, so that the real standard after
all would be the foreign coin, or articles imported represent-
ing it, and with the additional disadvantage, that the foreign
coin not being current in the island, there would not be, as
my Lord Stanley calls it, free access to it at all times, and
therefore we should have to pay something more for it, for
no one would keep it on hand for us without at least getting
interest on his money. We pity the want of intellect of any
one who cannot understand the absolute necessity in a place
which is all the year round purchasing articles for cash from
neighbouring States, of having a coin that is current in these
States.

but, above all, what a precious currency would be that
(1. e., the colonial dollar) which could neither be expanded
nor contracted—to which no addition could be made when a
want of circulating medium was experienced, and which had
no outlet when too abundant? We should wish our contem-
poraries to tell us what amount of colonial coinage they would
recommend to be put into circulation, stating to us the data
on which that amount is calculated. To do this, however,
we apprehend that they would have to go into a sea of ave-
rages and statistics. with which they have never troubled
their heads, and which would only end in showing the ab-
surdity of the idea of a colonial coinage.
A currency without elasticity is hardly any currency at
all. It cannot meet the varying wants of the community.
The elasticity of a currency as produced, generally, by the
representatives of value being common to all countries, so
that 'supplies can be had from abroad and locally by banks
and capitalists. This elasticity can never be wanting where
the standard is gold at the generally established rates in bul-
lion markets. In Malta, it is insured by the currency in the
island of certain foreign silver coins. To tie Malta down to
a certain amount of a local currency, would be like setting a
man to run a race in a suit of armour. We do not think it
necessary to follow the subject though its other ramifications,
in order to show that a local coin cannot possibly meet the
wants of the island.
The following is the new convention between the banks
and the mercantile classes:
" THE NEW MONETARY CONVENTION OF THE BANKS AND
" MERCHANTS, &C., OF MALTA.
We, the undersigned, presidents, . directors, and share-
holders, of the Anglo-Maltese and Malta Banks, and others,
merchants and traders, in this island, feeling the inconve-
nience which arises to commerce from the legal valuation of
the Spanish and Sicilian dollar established by the proclama-
tions of the 18th of July, 1844, and 16th ofJuly, 1845, whilst
British silver money continues an unlimited legal tender
(although, as compared with the legal valuation of the said
coins, it is of 10 per cent. inferior worth), have resolved to
continue the agreement of the 4th of March last, 'reciprocally.
to receive the said Sicilian dollar at 4s. 2d. each, or 30 tan
of Malta currency, and to extend the same, to receive reci-
procally the Spanish pillar dollar at 4s. 4d., or 31 taxi and
4 grains each, and the Maria Theresa dollar at 4s. 2d., or
30 taxi each. This agreement to hold good until the 31st
December, 1846, unless the British or local Government
should, by an authentic and legal act, ordain that no one
shall be compelled to receive, in any one payment, more than
40s. of British silver, in which case the present agreement
shall be considered cancelled and of no effect at the expira-
tion of thirty days from the date of such authentic act of
Government.

" And it is further understood, that unless this agreement
be signed by the majority of the shareholders of the two
banks, and by the majority of those who signed the agree-
ment of the 4th March last, it shall not be binding on the
undersigned.

" (Signed by the President and Directors of the Anglo-
Maltese Bank.)--Samuel Christian, President; John
Grant, director; S. Rose, director; Giov. Bette Vella„
director; Agostino Portelli, director; Giov. Batta Dia-
cono, director; Francesco S. Bugeja, director • Alex-
ander Davidson, director; Raphael Ferro, director;
Thomas Corlett, director:
" (Signed by the President, Vice-President, and Directors
of the Malta Bank.)—Biagio Tagliaferro, Presidente ;
John Robinson, Vice-Presidente ; W. S. Eynaud, diret-
tore ; Per Proc. G. Buttigieg,_ direttore; Ignazio Figlis ;
Thomas Corlett, direttore ; Nicola Ataliotty, direttore ;
Emmanuele Zammit, direttore; Davidson and Scerrj,
direttore; W. Leonard, direttore; Raphael Ferro, diret-
tore; Rosario Messina, direttore; Thomas Southwood,
direttore."

[Here follow the signatures of a considerable number of
merchants, auctioneers, dealers, shopkeepers, brokers, in-
surance agents, shipchandlers, innkeepers, and other British,
native, and foreign traders.]

A TABLE SPOON FOUND IN THE BODY OF A
LwntG Cow.—A cow, the property of R. H. Blundell, Esq.,
of Deysbrook, has for some past been in a sickly, condition.
Mr. George Kirkham, veterinary surgeon, West Derby,
having been called in to give his advice, found that an
abscess was forming on the left side, between the sixth and
seventh ribs. Having lanced the part, he discovered the
handle of a spoon protruding, and, with the aid of forceps,
succeeded in extricating the instrument, which is nine
inches long. The cow was first observed to be unwell about
twelve months ago, and there is no doubt she swallowed the
spoon about that time. It must since then have been
making its way from the stomach to the position in which
it was found, near to the surface of the skin. It was origi-
nally an iron-plated spoon, but the gastric juice has com-
pletely dislodged the plating, and a portion of the iron
mouth of the spoon has also been dissolved by the same
powerful agent. What remains is almost as thin as a
wafer. The cow is now in a fair way of recovery. The
operation was skilfully, pezformed in about ten minutes.—
Gkisgow Courier.
[ADVERTISEMENTd—A HANDAND ARM COVERED
WITH WOUNDS CURED WITH HOLLOWAY'S OINTMENT AND
PI LLs !—Thomas Main injured his hand two years ago in the
yard at Northfieet, which in a short time began to swell to an
alarming extent, and broke out from the fingers up to the
elbow into several ulcers. Not only was this poor man in-
capable of doing any thing for eighteen months, but what was
Worse he had been discharged as incurable from the hospital
after being there nine weeks. From this hopeless state has
this person been radically cured by Holloway's wonderful
ointment and pills. Sold at Professor Holloway's Establish-
ment, 244, Strand, and by all respectsble medicine sellers
throughout the civilized world,