The Sun.
London, England, 1844-05-07 00:00:00

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MONEY MARKET and CITY NEWS. --!'
CITY, MONDAY EVENING %
We have before us the report of a Committee of the Red
peal Association, appointed some time ago to inir;.-lnter,llS-'
the state of joint-stock banking in Irelanitit'aiid„kuhmiy V 4
last week at the Corn Exchange, Dublin. 'Without
aitl '.•
to remark upon the legitimate connection which a Repeal
Association should have with banking, we must admit that
the Committee appear to have bestowed agood deal of labour
and pains in collecting information, and the language of the
report, it must also be allowed, is temperate, and not appa-
rently overcharged.
The case made out in the report of the Committee is de-
sisive, that Ireland is greatly deficient in banking capital
and accommodation. An interestingcontrast in this respect is
drawn between the present condition of Ireland and Scotland.
The whole banking capital paid up in Ireland is only
1,600,0001., deducting the capital of the Bank of Ireland all
lent to Government. The whole available banking means
of Ireland is thus stated :—Average circulation, 5,500,000/. ;
deposits, 6,000,0001., and paid-up capital, including the whole
capital of the Bank of Ireland, 4,230,0001., making a total of
15,730,0001. With these means so little benefit is derived
from the banks by way of accommodation, that the-average
amount of the discounts by all the banks of issue are estimated
not to exceed 4,000,0001.
By way of contrast, the number of joint-stock banks in
Scotland is 29, with a paid-up capital of 9,000,000/. ; de-
posits, 27,000,000/., and circulation, 3, 500,000/., making the
total banking means 39,500,0001. The Scotch banks have
340 branches, and the Irish 137, being in the former case one
bank to every 7,750 persons, and in the latter one to every
60,000. The banking capital of Scotland is 15/. per head to
the whole population, and in Ireland 1/. 18s. 6d. per head.
These are, certainly, singular contrasts, and indicate awidely
different state of society in the two sections of the empire.
The Committee endeavour to bring all these facts and de-
ductions to bear against the special privileges which have
been conferred upon the Bank of Ireland, and fer this pur-
pose they have evidently drawn the contrast with Scotland,
where banking has been left entirely free. That they make
out some very strong points against the monopoly of the
Bank of Ireland is undeniable, but the main cause of Ireland
being so far behind in the race, compared with Scotland, is
much deeper seated than banking monopoly, and must be
sought for in another direction.—Herald.
SUN.—The English Securities closed at about the rates
of the morning, Consols being 991 to 4. In the other
Stocks we did not notice any alteration, if we except an
advance of 24 to 3 per cent. in the value of India Stock,
owing to the appointment of Sir Henry Hardinge, bar-
gains for account being effected as high as 2874 to 288.
Spanish Stock closed a little better, the Five per
Cents. being 234 to t; and the Three per Cents. 331 to
4. Mexican Bonds were 354. The West India Mail
has been telegraphed. Brazilian New were 79 to 792,
being rather higher. Portuguese Converted were
heavy at 45.
The additional transactions in Railway Shares have
been these :—Birmingham and Gloucester were 4;
Eastern Counties, 13; Midland Counties, 9; and North
Midland 84, discount. Bristol and Exeter have been 5
to 54; Ditto and Gloucester, 194; Eastern Counties
New 64; Great Western, 424 ; Glasgow and Dumfries,
to 4; Harwich (Braithwaithe), 1; Ditto (Locke), I;
Birmingham Thirds, 374; Ditto Quarters, 254; Mar.-
chester and Birmingham, 16k; Newcastle and Darling-
ton, 234 to i; South Eastern, 54 to 54; Ditto New, 8 to
4; York and North Midland, 70; Paris and Orleans, 174;
and Paris and Rouen, 171, premium. London and.
Westminster Bank Shares were 54 to 54 premium.

METROPOLITAN IMPROVE-
MENTS.

(FROM A CORRESPONDENT.)
If the improvements taking place in the east end of the
metropolis are to be continued to the narrow streets of
Wapping, the sooner they are commenced the better for the
respectable portion of the neighbourhood. Since the re-
moval of the business of the old Thames Police-office, another
wharf has been erected near this spot, the approaches to
which are very narrow, and this place presents a continuous
scene of disgraceful disturbance. On Saturday, during the
forenoon, the thoroughfare was completely blocked up, and a
hackney cab was overturned upon the pavement. The
swearing and abusive language of the cabmen and-
others was so shameful, that the children and all juvenile
members of society, who always congregate on those occa-
sions, cannot faikto be dreadfully demoralised by such conduct.
Surely there ought to be some efficient remedy found for
the increasing evil. Should not the wharfingers be called
upon to abate the nuisance? Or is it not a duty on the part
of the parochial authorities to call upon the Commissioners
of Police to attend to the removal of it ?