The Sun.
London, England, 1826-07-05 00:00:00

preceding month with great rejoicings. The Bank of
Australia appears to be succeeding well, a dividend
equal in amount to 531- per cent. per annum having
been declared. A motion had been carried to reduce
the rate of Bank discount from 10 to 8 per cent., and
a further reduction was anticipated at subsequent
meetings of the Proprietory. •As an instance of the
rapidity of emigration, and the consequent increase of
wealth and respectability in our infant settlements, up-
wards of 300,000 acres of laud have been surveyed,
located, and occupied during the last three years on
the banks of Hunter's River. The bushrangers are
stated to cause great alarm at Van Dieman s Land,
they being in possession of all the open country, and
the force there being apparently too weak to cope
with them.

We mentioned yesterday having received a letter
from New South Wales, giving a very favourable ac-
cont of that colony.
We now subjoin an extract from this letter :
Lands near to Sidney, and indeed, in any of the districts on this
side the Blue Mountains are now every year improving in worth,
and for time to' come, must still increase in a more considerable
ratio ; when I was in the colony before, I was inconsiderate
enough not to care for land, and therefore, never had any granted
me, and since I have arrived this time, I have been compelled to
purchase, and about a fortnight since, I bought an estate of 2000
acres, for which I paid 3,4001. sterling; it is certainly a good es-
tate, but every thing belonging to it very much neglected, and this
estate about two or three years ago, and then in much better order
than now, with an addition of 400 acres of good land more than
I bought, was valued at not more than 2,800/. I mention this to show
the improvement in the value of lands, although all estates indiscri-
minately will not advance in value on the ratio this has. I
bought it at auction ; generally the best test of valise for such
property. It is astonishing with what rapidity this Colony is
growing. • It will be a country of vast importance ere another
twenty years pass away; it is impossible for the mind to keep
pace with the rapidity of its progress, and it is only with us who
live in it that its growth is made apparent to us by sons. new light
breaking in upon us, and then exclaim, is it possible the Colony
possesses these resources. The quantity of wool of late years has
kept year upon year increasing in the proportion, one following the
other, of from 30. to 50. per Cent., and must, from all ap-
pearances, for years to come do even this, and perhaps more. Our
Fisheries are also beginning to be productive, and in a few years
more we shall care but little about what has always been a great
desideratum here—Government expenditure.

Hamburgh Papers of the 26th ult. have been re-
ceived this forenoon. They contain accounts from St.
Petersburgh to the 17th. The newly-created Supreme
Tribunal had its first sitting on the 15th. There is
no news from other quarters worth notice.

EXCHANGE ON LONDON.
HANIBURGII, JUNE' 1.-37. 4. ; two months, 37, I.
PETERSDURGH, JUNE 13.-9, 5-16.
LEIPZIC, JUNE 23.—Three months, 6, 201.
BERLIN, JUNE 24.—Three months, 7, 2.
BREMEN, JUNE 26.—Three months, 6, 21, to 6, 20.
VIENNA, JUNE 22.—Metalliques, 90 13-16; Bank Shares,
11121.

It appears that many parts of France have been vi-
sited by the storm which caused so much destruction
here on Tuesday week. At Bhuigy (Department of
the Lower Seine), the hail was of the size of pigeons'
eggs, and covered the ground 12 inches deep. The
corn was entirely destroyed, and the population of the
village reduced to extreme misery.

SIERRA LEONE.—By a private letter, dated A ma-
mach, of the 20th of April, we are informed that the
Ashantees have recommenced hostilities, and, it was
believed, had made an attack upon Acra. The work
of educating the natives is going on in our settle.
ments. Mr. HUTCHINSON, a Magistrate, has set
the example by opening a school for the sons of Chief-
tains, the expellee of which is defrayed by the fines
incurred in cases decided before him. A large pro-
portion of the cases between the natives arises out of
imputations of witchcraft, and the aid of the Magi-
strate is constantly sought by the Chieftains against
his Satanic Majesty, to dispel incantations.--Morn-
ing Chronicle.

A Gentleman now in Jamaica writes to us as
follows, in allusion to the idea which has been enter-
tained of making a water communication between the
Atlantic and Pacific Oceans I have an ex-
tract of a letter from an old, and highly respect-
able Trader to the Indian coast, who is now
there, setting at rest the question of the prac-
ticability of a communication, by the river Mandingo,
(about sixty miles to the eastward of Chagres) to the
South Sea. He says he went up it nine miles, and
there found it nearly dry, and evidently dependant
upon the annual rains ; also much blocked up with
the remains of large trees. The Indians, in their Pit-
Pans, go beyond the nine miles mentioned, but that,
although the mountains are lower than usual in the
neighbourhood of the Mandingo, is not sufficient for
the purpose of communication. The same person
says, that he has fallen in with no place likely to
answer such a purpose, between Choca and Matina,
or St. Juan's, which is a tolerable range.

A Supplement to the London Gazette of yesterday
was published this morning, containing the official
dispatches from Sir Archibald CAMPBELL, which
appeared in our Paper yesterday. It contains also a
copy of a letter from Lord COMBERMERE, detailing
the casualties at Bhurtpore, all which we gave a
month ago.