The Sun.
London, England, 1844-06-19 00:00:00

IVIONEY MARKET and CITY NEWS.

PROM THE MORNING PAPERS OF THIS DAY.
CITY, TUESDAY EVENING.
TIMES.—It is expected that in a ftw days a deputa-
tion will wait on the Chancellor of the Exchequer on the
subject of the Savings-hank Dill. This deputation will
consist of Sir Henry Willoughby (Chairman), Mr. F.
Shaw, M.P., Mr. Wilson Patten, M.P., Mr. Brother-
ton, M.l'., Mr. Vesey, M.P., Mr. Gregory, M.P., and
gentlemen from different savings-banks,—viz , Mr. Has-
lam (Dublin), Mr. Besnard (Cork), Mr. Boodle (St.
Martin's-place), Mr. Marsden and Mr. Neild (Manches-
ter), Mr. Robinson (Hull), Mr. Davies (Lambeth), Mr.
Maitland (Edinburgh), Mr. Lee (Devon and Exeter),
Mr. Dawe (Devonport), and Mr. Mason (St. Clement
Danes). The whole will represent the deputations from
thirty-five savings-banks, comprising 219,280 depositors,
and 5,514,889/. amount of deposits. The deputation
will urge the injustice of so small a rate of interest as
21. 15s. being allowed to depositors, and will contend for
31. Os. 10d. (2d per cent. per diem) as the maximum to
the depositor, and 31 as. 51d. (21d. percent. per diem) to
to trustees of savings-banks. At the same time they
intend to show, that if the funds had been duly admi-
nistered, they would have yielded an interest of 3/. 12s.
2d., or at any rate, according to general admission,
-
3/. 7s. Bd., and that such interest, which is more than
supporting itself. They will also suggest
that bank
n
be made in the existing law as to the
re i
tly claim, ammight have been produced by the savings
alteration
fund,
liability of trustees, except by declaring how a manager
or trustee may discharge himself of all future liability,
if so disposed ; and will attempt to obtain from the
Chancellor of the Exchequer some assurance that he
will not connect savings-banks and loan societies.
This latter course is very much to the credit of the parties,
inasmuch as peat efforts are made by persons, evidently
proceeding upon interested motives, to graft the loan system
upon that of the saving banks, and intimations have even
gone abroad that the Chancellor of the Exchequer was dis-
posed to make this a part of his general plan. There could
be, however, as we have before shown when treating of this
subject, no effectual control over such operations, and hence
the greatest danger of having the funds wasted or misapplied,
which ought to be, above all others, the most sacred from any
jobbing or speculation. he members of the deputation act
wisely in putting forward prominently that point of the mal-
administration of the funds of the savings-banks, though
they seem inclined,to treat the affair with a good deal of deli-
cacy, as if fearful of offending the Treasury. Upon this, we
think, they and their advocates are bound to speak out
boldly; but it is satisfactory, on the whole, to observe, that
the interests of the favings-banks are sure to be so well
looked after as now appears to be the case.
The premium on gold at Paris is 121 per milk,
which, at the English Mint price of 31. 17s. 10/d. per
ounce for standard gold, gives an exchange of
461 ; and the exchange at Paris on London at ahoy.
being 25 50, it follows that gold is 0.14 per cent.
dearer in London than in Paris.
By advices from Hamburgh the price of gold is 435),
per mark, which, at the English Mint price of 3/. 178. midi
perounce for standard gold, gives an exchange of 13 101;
and the exchange at Hamburgh on London at short
being 13 Bi, it follows that gold is 0.75 per cent.
dearer in Hamburgh than in London.
The course of exchange at New York on London i 3
109 per cent., and the par of exchange between Eng-
land and America being 109 23-40 per cent., it follows
that the exchange is 0.58 per cent. against England
But the quoted exchange at New York being fur bills
et 60 days' sight, the interest must be deducted frore
the above difference.
SUN.—The Consol Market leaves off steadily at 981
to I. Those who talk of an advance in prices on account of
Sir Robert Peel's remaining in office, should remember
day
yt tlliveeyeka.re nowjie jeaNc'eena noTthsroeeh-iagihid-aas4a
theyilf were on this
per Cents.
touched 101;x, and Three per Cents. 98i. Spanish Bonds
left off at 23i for the .Actives, and at 344 I for the
Three per Cents. A purchase in Brazil Stock caused
an advance to 82, and in Old Portuguese to 81. Colom-
bian were dull at 121-.
The additional transactions in Railway Shares have
:—Ea
455te ; CDoiutntot,iesgteh, 10
wst were 5* to 1 ;
* ; Harwich
been Great these Western,
(Locke), ; Lancaster and Carlisle, 1 ; Birmingham,
118 to 1174 ; Manchester and Leeds, 36 ; Newcastle
and Darlington, 211 ; York and North Midland, Half,
351 ; and Paris and Rouen, 17i to 181 premium. Eastern
Counties were 111 discount.
The Exchange on Paris, Antwerp, and Hamburgh
was, this afternoon, rather more in our favour.
The following is the official return of the exports of
the precious metals from the Port of London for the
week ending Thursday last :
Silver Bars to Hamburgh 4,500 oz.
tf
Coin to Rotterdam
St. Kitt's
„ Bullion to Rotterdam 11,600 oz,
to Hamburgh..: 6,500 oz.

PEWS IN CHURCHES.—Many persons imagine that
they may by law be allowed to box off their parish
church into many compartments, and that the different
owners of these can sell, mortgage, and devise them in
the same way as they do their houses and lands—but
such is a great mistake. No person has a freehold right
to a seat, nor can be sell, mortgage, or devise it. When
the seats cease to be occupied by their previous occu-
pants, the churchwardens may (and do in most parishes)
give them to others in want of sittings. Any parish-
ioner may c!ahn to be seated in his own church, pro-
vided there is room, and the churchwardens may place
him in the seat of another, if the latter's family be not
sufficiently numerous to fill it. Such is the law—Sonier-
set Gazette.
Mr. Cartwright and Mr. Uniacke had interviews with
Lord Stanley yesterday.