The Sun.
London, England, 1842-01-08 00:00:00

THE MONEY MARKET.

We repeat our former quotations of the prices of Go-
vernment paper, which have remained stationary during
the month. Five per Cent. Transfer Loan, 108 a 109 rs;
2d Five per Cent. Loan, par to per cent, prem. ; FOur
per Cent. Loan, 89 rs.
ExcuArioE.—On London the rate has been uniformly
at 2s. Old. for six months' bills, and Is. I lid. per drafts
at thirty days' sight, since our last publication.
On Calcutta the exchange is 98:4i, and on Madras
100 i There is nothing of importance doing in re-
mittances to China.
BANK SHARES.—There is no change to notice in the
value of Bank Shares ; they are still at 24 pir cent. prem.
PRICE OF BULLlON.—Sovereikns, each, 10 13 rs a 10 15
rs ; Bank of England Notes, per X, 10 13 rs a 10 15 rs.
IiEVENITE. OF INDIA.—We have had an opportunity of
eeing a document which gives a very fair and correct
view of the state of the revenue of this country during
the year 1840-1, and of the expenses of the Government
in England and in India, including Pensions; Interest on
Home-bond Debt, &c., for the same-period. The result
shoWs, that though a- careful collection of revenue and the
maintenance of two productive monopolies have aug-
mented the entire revenue in one Year by 25 lacs, the
charges have increased -to an extent to leave a deficit of
435,023 rupees. It appears that the total revenue of the
country for the year 1840-1 was 21,67,51,148 rupees, the
disbursements 19,42,57,074 rupees. The difference meets
the enormous home charge (including dividends and the.
interest on the bond debt) of 2;684,4301.,• less the sum we
have stated above as constituting the deficiency. The
chief increase of expenditure has arisen in the Civil De-
partment, the charges in whiCh have been 22 lacs above
those of the previous year, while the military charges
have exceeded those of 1839-40 by 9 lees. The principal
increase in the receipts has arisen out of the collections
of land revenue in Bengal and the eastern settlements.—
Englishman,Nov. 13.

LIGHTHOUSE ON THE S.E. PRONG-NARROW
ESCAPE OF THE CHILI)E HAROLD.

The ship Childe' Harold, in entering the harbour on
Thursday last, grazed the rocks on the inner edge
.of the
south-east Prong, but we believe has sustained no injury.
This is another proof of the necessity of a lighthouse,or
some distinguishing beacon of sufficient Here
imagnitudete case
being placed on this dangerous reef.
_h
fine
_ln the.
of a ship entering the harbour in broaodhadrgacylitgooh,t,
ofnae
clear weather, with a smooth sea, in
pilot, and
opinion yetthe Bnoamrrboas3v.ly Government,escapesshi.apnwdreretsk::officers
n
the dockyard, the pilot establishment of this port is
an efficient one, and no charge of incompetency tbr his
office can be pointed out against any individual in it. if
the Government be correct in this opinion—and they
surely could not have arrived at such a conclusion without
a full consideration of the subject—then does the loss of
the' Donna .Pascua, on this very reef, and the recent mis-
hap (which might have ended 'in shipwreck) of the
Childe Harold, each of these vessels being at the time in
charge of a pilot, ineontestibly prove the the necessity
of an additional lighthouse being erected without delay,
to point out the position of these dangerous rocks. If a
vessel entering the harbour in mild weather—the sea al-
most without &ripple—and in charge of one of the very
efficient Bombay pilot establishment, grazes the rocks,
and narrowly escapes being lost, what must be the situa-
tion of vessels attempting to make the harbour in the
boisterous weather and hazy atmosphere of the south-
west monsoon ? With a strong hood tide and
fresh breeze during that season, any vessel that
stands on must be far up within the limits of the
harbour before a pilot boat can possibly get out
over a lee tide. But even if the pilot got safely on
board; in what better a position is the ship ? If in
fine clear weather he cannot steer clear of the rocks,
much less likely will he then be able to do so. The chan-
nel between between the ,Prongs and .Tull Reef, which
forms the entrance into our harbour, is rather a danger-
oils navigation—particularly during that season.
Incidit in Scyllam qui vult, vitare Charybdim.
I•- ' -
The only efficient remedy for these evils would be the
eeection of a light-house on the south-east Prong ; and
the sooner one of Bramah's bronze or iron colunins is
ordered out the better. The value of the ships and
cargoes cast ashore on these fatal rocks within tlfe last
eighteen months wonld suffice ten times over to erect a
structure which would effectually prevent a recurrence
of such disasters. For the sake of suffering humanity
the Government ought to carry through this under-
taking. The insurance-offices will not move in the matter
because it is not their interest to'do so.—Bombay Times,

THE LEVANT MAIL.

EGYPT.

- - -
Hia
Highness the Pilch% was, by last report, within
twenty-four hGurs of Cairo, in which city he intends to
pass the Bairam (the lesser feast of that name).. Gov'ern-
tnent sales of produce are still suspended, and business,
of course, very dull. The currency is without amend-
ment ; regulations and orders are promulgated, but the
only effectual regulation in the shape of an issue of good
coin from the Mint has not been put in force.
Our latest dates are London 4th, Paris 6th. Malta
17th, and Constantinople Bth instant. Beyrdut Bth inst.
(and quiet there). Bombay Ist inst., Calcutta 21st Nov.,
CVna, Oct. 10.

_'he Hon. Henry Hohhouse, for.rnerlf
Under-Secretary of State for the Home Department,
has been appointed on the Cominiion of Inquiry
the Exchequer Bill Fraud, &e., inss the room of Lord
Ashburton.
ALEXANDRIA. The sympathy exhibited towards the suffering
poor of the town is most honourable to humwaity, and G
DEC. 23.—The steamer Montrose came in yesterday is hoped will go on increasing, to meet the vast accuma..-
at noon, with the mails and passengers of the Great lation of applications from the destitute pressing for food•
Liverpool, which had broken a piston in the Bay of The Gas Company have given fifty tons of coke, anclvve
nine. Biscay, and remained at Gibraltar. The India mail from observe that nearly nine. thousand persons have received,.
Bombay, Ist inst., arrived at Suez on the 20th, and ; during the present week, supplies of soup and bread
reached Alexandria at one o'clock this morning. I Nottingham Review,

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