The Sun.
London, England, 1829-12-15 00:00:00

considerable contingent but uncertain expenses.
which, in all similar undertakings, must be in-
curred,—for law charges, and professional ser-
vices of architects and surveyors in valuing, ne•
gociating, and completing the numerous pur-
chases to be made—making good the deficiency
of parochial rates during the progress of the
improvements—interest on purchase .monies—
compensations to tenants at will, fbr which, after
the formation of the estimates, a provision was
introduced during the progress of the Bill—and

various incidental expenses attendant on a work
of this description; neither did the estimate:-
include the cost of repairing the carriage and
foot ways, which will be, broken up—erecting
Limp and guard posts, in lieu of those to be re-
moved in the course of the work—and erecting
a new vestry room, sexton's office, and watch-
house, for the parish of St. Martin's in the
Fields, in lieu of the present buildings to be
removed ;—all which costs and charges are to be
provided for and made good out of the funds to
be rrised for the purposes of the Act.
These charges, together with an excess upon
Mr. Nash's estimate ofthe value of the property
at Chnring-cross, and in the Strand (arising

principally-from sums paid for " good-will")
and the expense of widening Bedford-street, not
laid down in the plan referred to by the Char-
ing-cross Act, but authorized by that Act,
make the whole estimated expense of the im-
provements now in progress under the powers
thereof amount to the sum 0f1,147,313/. 12s. 9d.
as by an account and estimate presented to your
Honourable House on the 19th of March last,
To effect these improvements, there has, nil.
der the provisions of the Act, been borrowed
of the Commissioners for the loan of Exchequer
Bills for Public Works, upon the security of
the Estates of the Crown, 400,000!., at the
rate of 4/. per cent. per annum, interest, and
on condition of applying an annual instalment,
of at least two and a half per cent, to the re-
payment of the principal: and up to the sth
of January last, there had arisen from sales
of Estates of the Crown ;—from rents of
property purchased for the improvements ;
from tm:e repayment of monies advanced during
the progress of former improvements, to make
good the temporary deficiences in parochial
rates;—and by sales of old materials, 143,926!.
11s. 9d.: and there remained to be received for
other Crown Estates sold, and upon exchanges
made, but not completed, 159,905/. Bs. 6d.
There are further sales in contemplation, the
estimated produce of which is 139,1001. These
several sums, with the produce on the sale
of the before-mentioned Exchequer Bills
(409,179/. 10s.) amount to 852,111/. 10s. 3d..
leaving a deficiency to be provided fbr, to com-
plete the improvements, of 295,2021. 2s. 6d.,
as appears by an account and estimate, also pre-
sented to the House of Commons on the 19th
of March last.

It was intended that, with the aid of the sum
borrowed of the Commissioners for the loan of
Exchequer Bills, sufficient funds should be
raised, by sales of Estates of the Crown, to make
up the whole sum required ; but as some of the
_estates, which we think it will be most advisable
to sell, are now held on leases, of which there are
several years unexpired, and at rents below their
present value, we are of opinion that it would be
disadvantageous to bring such properties to sale
till the leases shall have more nearly expired ;
and that it will be preferable, and afford readier
means of expediting the completion of the im-
provements, that a further loan be made, upon
the like security of the Crown Estates, anti with
similar provisions for repayment, as that already
made ; and the Lords of the Treasury concur-
ring in those opinions, a Bill for authorising
such f►►rther loan, to an amount not exceeding
300,0001., is, under their Lordships' sanction,
now about to be submitted to Parliament.

We have purchased the freehold of 198
houses and buildings ; and the interests of
leaseholders and occupiers in 342 houses. ‘Ve
have also acquired of his Grace the Duke of
Northumberland six freehold houses, on the
north side of the Strand and west side of St.
Martin's-lane, by an exchange of Crown pro-
perty, consisting of sundry warehouses and
stable buildings in Great Scotland-yard.
In addition to the purchases and exchange
above-mentioned, which have been completed,
we have agreed for, but not completed, the pur-
chase of the freehold of 134 houses, and of
leaseholders' and occupiers' interests in 50
houses. We have also agreed with several par-
ties for acquiring, by exchange, 50 f:eehold
houses and one leasehold house.
There remains to be settled the interest of
23 parties in 158 freehold houses, and of lease-
holders' and occupiers' interests in 87 houses.
In negociating these purchases, only eight
case; have occurred, in which it has been ne-
cessary to resort to the compulsory powers of.
the Act, ibr obtaining verdicts by Juries ; and
in six of those cases verdicts were taken by mu-
tual agreement, tiller the Juries had been im-
pannetled.

NAVAL INTELLIGENCE

DEVONPORT, DEC. 12.—0 n Thursday the Kent,
76, was rerbov,:d to moorings off Torpoint, to
make way for the St. Vincent, 120, to haul off
from the Dock-yard. The alterations of the Dub-
lin, 50, having been completed, she is moved up
the harbour. By the arrangements in her new
stern, she can, if necessary, bring three stern-
chasers out of the Captain's cabin windows alone.
The report of this vessel being intended to relieve
the Sybille, on the African coast, seems to be pre-
mature, as her draught of water is considered to be
too great; and we now hear that the Dryad, 42,
from her high-sailing qualities, is likely to be selected
for that station. She is at present under orders to
be in readiness for commission.

His Majesty's .loop Cordelia, 10, Commander
. E. W Boyle, is expected here, it is supposed,
to be paid off,
The Bramble cutter, 10, Lieut. W! Haswell,
sailed for Falmouth on Thursday.

The Reindeer brig is ordered to be brought for-
ward at this port for the packet service.
Ica Hamoaze—St. Vincent, Kent, Druid, Py
lades, Hyacinth, Leveret, Royalist, Raven, Star-
ling, and Meteor steam-vessel.
Island—Britomart.

His Majesty's sloop Britomart, 10, Commander
Johnson, which sailed from this port on the 19th
ult. for the Western Islands, returned yesterday,
having landed Mr. Consul-General Read at St.
Michael's .on the 28th November; and having left
that island on the next day, She brings no news of
any consequence. No men-of-war were there,
though it was reported that a Portuguese force was
still blockading Terceira. The merchant vessel
Samuel Smith, which had ran foul of a wreck at
sea, had been recently condemned at St. Michael's.
--Devonport Telegraph.

Now that the buildings adjoining St. Martin's
church are removed, that edifice, when viewed from about
the centre of Pall-mast East, presents one of the noblest
specimens of the architecture of the laiit age, and from
which our modern. Pallattioe might take a useful lesson.
They bare as yet created nothing like it.