The Sun.
London, England, 1844-06-04 00:00:00

OVERLAND MAIL

INDIA AND CHINA.

The following telegraphic dispatch was received by
the French Government on Monday :

" MARSEILLES, JUNE 1, IfALF-PAST 7 P.M.
" MALTA, MAY 29, MID DAY.
" TIIE FRENCH CONSUL AT MALTA TO
THE MINISTER OF FOREIGN AFFAIRS.
" The news from India and China is dated the Ist
of May and the 10th of March. The only fact it
contains worth noticing is the murder of Sudjet Singh,
who had come to Lahore on the invitation of his uncle
Hira Singh, and at the request of the seditious troops.
" A British vessel carrying opium had been cap-
tured by the Chinese, and delivered up to the autho-
rities of Hong-Kong, and condemned to a fine."
The Paris papers of yesterday state that the Em-
peror of Morocco was said to have declared the holy
war against the French, and to menace the limits of
the French possessions in Africa. The son of the
Emperor was at the head of the troops.
Those journals are filled with expressions of dis-
pleasure at the visit of his Imperial Majesty the Em-
peror Nicholas to her Majesty Queen Victoria.

The following is the latest intelligence from Spain :
" MADRID, MAY 28.

" An important official communication has been
made this afternoon by the Minister of Finance to the
Tobacco Company, informing them that he had re-
solved to rescind their contract ! This fact not being
known during 'Change hours, no fall of any consi••
deration appears in the Bolsa list of quotations; but
the sensation created by this new breach of faith' in
Madrid is serious, and will certainly be felt to-morrow.

" An order appears in to-day's Gazette allowing
the widow of Borso de Carminati (who was shot in
his attempt at insurrection in October, 1841 a pension,
of 3,000 reals (3,0001. sterling) per annum, with re-
version to her children. The widow of Diego Leon
received a pension of 4,500 reals.

"The Three per Cents. were done at Madrid, on the
28th, at 28/ for cash, and at 28f at 60 days; the Five
per Cents. at 201 at 60 days ; the floating debt at
46 at 60 days ; Coupons, 24,1; and the debt without
interest at 6 1-16 for cash."

THIS DAY'S NEWS.

HOUSE OF LORDS.-(THIS DAY.)
The House sat to-day to hear appeals. The Peers present
were the Lord Chancellor, Lord Brougham, Lord Cottenham,
and Lord Campbell.
TID IRONMONGERS' COMPANY V. THE ATTORNEY-GENERAL.
The arguments in this appeal from the decision of Lord
Cottenham, when Lord Chancellor, occupied their Lordships
the whole day.

COURT OF REVIEW--(THIS DAY.)
(Before Sir J. K. L. BRUCE.)
His Honour sat to-day as Chief Judge in Bankruptcy.
GREEN V. GREEN.
This case was set down as a motion by order. It referred
to the marriage settlement of 1,2001. upon trust, to Thomas
Green, for life, and for his wife afterwards, with remainder to
children. Thomas Burton and Thomas Green, who were
partners, had become insolvent; certain friends of the family
had since come forward, offering to pay 350/. upon the trus-
tees releasing the 1,200/. for the benefit of the cestuique trusts,
and the object of 'the present suit was to obtain a reference
to the Master, to ascertain whether it would be for their
benefit that this arrangement should be made.
His Honour referred it to the Master, to inquire whether
it would be for the benefit of the parties interested under the
settlement that the proposed arrangement should be made.

MONE Y- AND COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
There was a fair demand for Cotton at Liverpool
yesterday.
'rates—viz.,
Sales 5,000 bales, at fully previous 506 Surat, at
24d. to 3/d. ; 60 Egyptian, 64d. to 7id. ; 30 Pernam, 68d. ;
and the rest New Orleans, 30. to 6d. per lb.—There was a
good demand for Railway Stock, and the market improved.
Dublin and Cashel, ; Eastern Counties' 118_ ; Grand Junc-
tion, 221 ; Great Western Fifths, 22* ; Birmingham, 222 ;
Ditto, Thirds, 361; Brighton, 478 ; South 'Western, 87 ; South
Eastern, 37* ; Ditto, New, 12,1 ; Paris and Lyons, 31. ss. 6d.
A well-known City gentleman has induced Mr. Pattison,
the Member for London, to present the following petition, of
which copies are in private circulation :
" To the Honourable the Commons of the United Kingdom
of Great. Britain and Ireland in Parliament assembled.
The petition of James Wilkinson, of Leadenhall-street,
in the City of London,
" Humbly showeth—
" That for more than thirty years your petitioner has
been actively engaged in mercantile affairs, during
which period he has witnessed several severe revulsions
in commerce, manufactures, and agriculture, none of
which appeared to be. the result of natural causes.
After seeing numerous wealthy mercantile, banking, and
trading establishments, reduced to insolvency, without
any apparent indiscretion or mismanagement on their part;
he was induced to inquire how such events could happen,
and was not long in discovering the real cause—namely, the
excessive issues of paper money; which, whenever resorted
to, has invariably been followed by wild speculations, gam-
blings, and foreign loanings—displacing gold money, and
ultimately ending in a diminished and inadequate quantity
of paper money, and, with that, . low prices for the pro-
ducts of industry, causing ruin and bankruptcy to the
producers, and ultimately spreading the same through
all ranks of traders, merchants, and bankers. To put an
end to such a system, your petitioner has, for several years,
been exerting himself in all sorts of ways, being of opinion
that it would be more to the interest of bankers themselves,
as well as the community at large, that there should be
uniformity in amount, which could only be obtained by one
bank of issue, and that bank responsible to the Legisla-
ture ; being also of opinion that the losses sustained by pro-
vincial banks of issue caused by revulsions, far exceed
in amount all the profits derived from such issues; it•
was, therefore, with indescrit,able feelings of pleasure
that he read the reported speech of the first Minister of the
Crown on the 6th inst., relative to banking and the Bank of
England charter. Your petitioner would have preferred vest-
ing the power of issuing paper money in the Sovereign alone ;
and the amount fixed by the Legislature ; this, however, he
fears her Majesty's Ministers are not prepared to adopt, but
the outline of the measure proposed by the Minister is so
great an improvement on the present system, that your
petitioner sincerely hopes your Honourable House will give
it your support. In which case, he begs to call your
attention to that which alone can interfere with the future
uniformity of the currency under the proposed measure, and
that is, the exportation of gold and silver, but which may be
counteracted by imposing an export duty of 16s. per ounce
on gold, and ls. per ounce on silver. This would operate in
favour of the exportation of the products of British industry,
as well as counteract the heavy imposts levied on them by
foreign nations, and could injure none but absentees. It would,
also, to a great extent, deprive capitalists of the power of
negotiating foreign loans, and thereby prevent them
duping the unwary, as they, unfortunately, have been doing
during the last twenty years, in aid of civil wars in Spain,
and rebellion in her colonies—in creating competitors in
manufactures in North America, and in the ruin of many
of their dupes. That to the millions of gold thus
lost to the country may be traced the greater part
of the sufferings of those engaged in agriculture,
manufactures, and trade, and in exchange for whose
products it had originally been brought into the
country. Your petitioner, therefore, implores your Honour-
able House to pass into laws the measures proposed by the
first Minister of the Crown, upon banking and the Bank of
England charter, and also to pass a law imposing an export
duty of 16s. per ounce on gold, and Is. per ounce on silver,
whether as bullion, coin, or manufactured, and for which
your petitioner will feel grateful, and, as in duty bound, will
ever pray. "JAMES WILKINSON.
" May, 1844."
The accounts from India have not excited much interest,
being of a very meagre character, and the Funds conse-
quently have remained uninfluenced by them. Consols for
immediate transfer have been supported at the advanced rates
of 998 to par, and have even been as high as 100 A to For
time the quotations are 1001 to Exchequer Bills realise
725. premium, being firm ; and India Bonds are at 945. pre-
mium. Bank Stock has been steady at 199 to 8 ; but India
Stock has fluctuated from 288 to 289 i. The New Three-and-
a-Half per Cents. have been higher, viz., 103 to
The Foreign investments have been heavy as regards
Spanish, which have been at 238 to 23 for the Actives, and
at 34i to for the Three per Cents. The Passives are 4.
I'ortuguese Converted have been steady at '47 ; and Mexican
have risen, in anticipation of good news, we presume, to 358.
Colombian are 13i. Dutch Two-and-a-Half per Cents have
been 62 to 618.
The Share Market, which has assumed more firmness, is
not, however, very brisk. Most of the railways are marked
rather higher.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock "199%
3 per Cent. Reduced Annuities 9IN

3 per Cent. Consols. Annuities 991 1:04 ICO
3% per Cent. Reduced Annuities 02% Z
New 334 per Cent. Annuities ..... .... .......
Long Annuities, Expire sth Jan. 1860 l2 7-16%
India Stock
India Bouds,l,ooo —
Ditto under 1,000 94
Consols for Account .................... ............m 101%%%
Exchequer Bills, 134 d, 134 d
10001. ..... ..•..•.. ...... —.•— •••••••••••• 72 pm.
0w1... ...... ....... —.. . —••...—..” 72 pm.
Ditto Small" ....
Ditto Advertised
FOREIGN FUNDS THIS DAY AT ONE O'CLOCK.
Belgian Bonds, 5 per Cent 10334
Columbian Bonds. 13%
Mexican Bonds, 1837, 5 per Cent.
Ditto for the Account. 35
Ditto Deferred Stock.." .. ..... ........ .............. 15%
Portuguese Bonds, 5 per Cent.
Ditto Converted 47
Ditto for the Account 47
Spanish Bonds, Five per Cent 1840 —
Ditto for the Account 23% 23
Ditto Passive Bonds. ........... ...... ........
Ditto Three per Cent.
Ditto for the Account
Dutch 2% per Cents 62 61;:‘
Ditto for the Account
Dutch 5 per Cents. 1001,4%34
Ditto for the Account.
PRICES OF SHARES THIS DAY AT ONE.
RAILWAYS. PAID. Pea STARE.
Bristol and Exeter 7O 80% -
Bristol and Gloucester
Chester and Holyhead 5
Eastern Counties
Great Western
Ditto % Shares
London and Birmingham. lOO 225
London and Blackwall 1634 ...... 7$
London and Brighton 5O 47
London and Greenwich
Londen and South Western 41% — ..,......to
Ditto Eighths
70 3% to
Manchester and Leedslo3 to
Ditto 34 Shares 3O 43 to
Midland Counties lOO 90% to
Newcastle and Darlington Junct. 15
North Midland
Ditto Thirds 2ll. 13e. 4d. 3034
South Eastern and Dover 3234 36% 3734 to 37
Ditto New
Thames and Medway
Trent Valley
York and North Midland .....«.. 50 ll7 to
Ditto ;4 Shares
Paris and Rouen 2O 39% to
MANCHESTER STOCK EXCHANGE, JUNE 3.—There has
been more disposition for business to-day, and the market
generally is rather firm.—Manchester and Birmingham, 56&
57 ; Midland Counties, Fifths, 2i i ; Glasgow and Ayr, 55.

ASCOT RACES.
(THIS DAY-BY EXPRESS.)

RACE COURSE, Two o'CLocx.
The Emperor of Russia, the King of Saxony, and
his Royal Highness Prince Albert, arrived at one
o'clock, accompanied by a numerous suite, and were
received with acclamations.

Her Majesty, we are sorry to add, did not accom-
pany her illustrious visitors.
The Trial Stakes of 5 sovs. each ; two yrs old,
4st 41b ; three, 7st 41b; four, Bst 71b; five, 9st;
six and aged, 9st 31b. New mile.
Mr. Townley's Corranna, 5 yrs ..
Lord E. Russell's Nat, 4 yrs ..

Won in a canter. Two others ran.
The Ascot Derby Stakes of 50 sovs. each.
Lord Chesterfield's The Miser Scarve ... 1
Duke of Bedford's c Panther....
Colonel Wyndham's Master Henry
The Ascot Stakes of 25 sovs. each, 15 ft, and 5 only
if declared, with 100 added ; the second to receive
50 sovs. out of the stakes ; the winner of any han-
dicap after the weights are declared 71b extra.
Mr. Payne's Johnny 1
Lord Chesterfield's Knight of the Whistle