The Sun.
London, England, 1842-07-07 00:00:00

,

Lli HT COL(0. -
We have received a 'ettec sure ohjet"
Cons to a statement appea:vd in the .in°lle/
article of the Times of the •:)Bth of jun6:-Onihe sU
jest of the light coinage.
The 1N titer of this letter up' earsl
the variation in the lie 1;11t of the sovereiitrit' d
to the Ala ter of the Aliitt, is six g'itins
.x gcains below, the stand,ird, for ever Y°l'
, ,
pound weight troy ; instead of be:ng, as stilted bY
u, twelve
gainss below this standard weight; 111 e
.
correctness of our assertion mav, however, lhe-reg,,
wv
shown.

The following is an extract from the report of .othe
address of the Lord Chancellor to the recent xi(
Jury, and which appeared in the Times of the 23a °
June last :
"It was imposible that in all instances the el
could exactly correspond with the standard, .0°.%
therefore when an inquiry of that nature (the'ii,,
Jury) was first institututed, a provision had bee'
made to meet any case of trifling deficienci'
With respect to gold, 12 grains were allowed in evelf
pound troy. In silver 1 dwt. in every pound troy•
no greater deficiency than what he had stated too'
place in a new coinage, it was allowed ; but if tlgret
was a greater deficiency, the Master of the Mint Os
render an account to the Crown, for he was resrli,
sible. If, on the other hand, there should be an e'i
cess in the weight, the Master of the Mint was-e,'
titled to receive it. And further, if the coinl. t
wrong, it was imperative on the Master of the
to recoin it at his own expense in a proper fortnlr .
manner, agreeably to the pleasure of the Crown.,"
~t
The above extract appears clearly to point out tfaiice
the 12 grains in the pound Troy, given as alloiale
to the Master of the Mint, may all be taken -as the
error in diminution of the weight. The possibk,"',
of an error in excess is provided for in another
itlSt
ner, in •a subsequent part of the paragrpl,
recited.
Our Correspondent will also perceive, '011:.P'141, t
perusal of our observations of the 28th of Jun's,Lisit
a comparison was first made with the issuing'
of the sovereign, including the allowance- to the
ter of the Mint, as being the strictly equitabfe-m'f
of considering the subject, but that a modificati°ll4
the scale of loss on light coins Was afterwardi.eff.2.C,l
by adding one halfpenny to the results, whichT3looi,
them to the allowances to be use l when the cOntrt,
son is made with the legal calculated weight of s:clY`
- ,
34 grains.—Times.

THE MARKETS.-N ESTER WO'
CORN-EXCHANGE. led
The arrivals of Fnglit.h Grain this peek have been
osi
small, and of Foreign Wheat considerable. Every artic'epor
held firmly at 31onday's prices. with little doing. For
there was rather more demand than of late.

NEWGATE AND LEADENHALL.
There was a good supply of all kinds of meat, the dojo
was dull, and prices were fully maintained. The P°..icti
market was lively to-day, a good business was done, andr
rather higher.
COLONIAL MARKET. elo
The prices of almost all kinds of produce looked firmer,
fair business was done.

TEA MARKET. Ai/
The quantity of Tea declared for public sale nest Oro
nearly 20,000 packages. The market w4is quiet, and P.
merely nominal, but nothing could be bought on lower te
The stwck in London is about 32,000,0001b5.
TALLOW MAtiKET.
Holders still keep up the price at market, 48s, per a"
the spot.

SPIRIT MARKET.
There was very little demand for Rum, and prices ltd
the decline. Proof Leewards 2s. to 2s. Id., and fine isTool
at ss. to ss. 6d. per gallon. Brandy dull of sale, but
cheaper. Geneva at Is. I Id. per gallon.