The Sun.
London, England, 1829-05-05 00:00:00

MONEY-MARKET.

(From the Times.)
MONDAY EVENINGI.--.Shortly after two o'clock
afternoon, Mr. Thomas Rippe!), chief cashier "of the Ralik
of England, appeared at the stock-Exchange .30d gigs
notice of the intention of Government to fund Exchequvr:
hills to the amount of 3,090,000/. As Mr. Goulbao.„::
letter to the Bank, conveying the instructions for
purpose, contains all that was announced at the Stock,
Exchange, we annex a copy of it, as the best deicrir°—

that can be given of the transaction:—
" Downing-street, May
"It is intended to fund a portion of the ontstatto"
Exchequer-bills, not exceeding 3,000,0001.
" Subscriptions will be received at the Bank of England
from persons desirous of funding them, and in order —„
obviate the inconveniences before experienced, the WI"
course will be adopted as on the last occasion of fundit
by receiving subscriptions in sealed letters, stating
amount for which individuals are desirous of subscribing'
" It is intended that Friday, the Bth instant, shoed be
the day on which subscriptions are to be received.
" The terms upon which it is proposed that those
chequer-bills should be funded are, that 101/. 105.'4 Pef
Cents. 1826, should be given for every 1001. princir °
Exchequer-bills subscribed. off
" The stock so created will not be liable to be Po d
until after the dividend due on the sth of April, 1835 t f
the interest upon it will commence from the sth (119' °

April, 1829.
" £2O per centum on the amount subscribed 11411 t 4
required to be deposited at the time of subscribing.
" £lO ditto, on or before June 9. '
" £2O ditto, ditto July '7.
" £2O ditto, ditto August 11.
" £lO ditto, ditto September I.'
" £2O ditto, ditto October 20. "
Subscribers will be allowed to pay Exchequer-bills i 0
j
advance, and to receive the interest upon the amount.vi
Exchequer-bills for the first instalment, from the Mel,
the bills up to the Sth of May instant, and IV
amount of the bills for each subsequent instalment, fro
the date of the bills up to the day upon which the iolt"..
ment would have become due.
" Scrip receipts will be issued by the Bank in the
manner as for a Loan.
" I have to request that you will have the goodneel tO
take measures for making the notice public in the usual
manner.
" HENRY GOULBURN."
It was pretty generally known this morning at the StOC
Exchange, what the amount of the funding would be be
fore any notice of it was given, and as the speculators ge-
nerally were prepared, if any took place, for the funding'
of a much larger sum, the measure has produced a partial
rise "La:
.
rise in the funds, as well as a very decided one,
cweir,tiacihn
tthoefw
4ollpoer
ofE xi csl2re6quhearveßbiollrsn.
is 102, the funding gives a value to the Ee to
-
which are accepted as a subscription to it, of about 00:
premium. They rose, on its announcement, from 50, r:
70s. This funding differs materially in its principle 1,
the last, inasmuch as it permits the subscription of
chequer Bills only, and not of money.
The measure has been much canvassed in the morel'
market, and much difference of opinion has existed It;
to its merits, but as no one is aware with what °the,
measures it is to be united, such discussions are Wee:,
sully premature. It is said, on what we should taunt
best authority in such a case, that Ministers have a 00:4
view, ulterior to this, which will prevent any inert° d,
charge to the country on the stock created by the On
ing, which is, that they will reduce the interest
those Exchequer Bills which wi;l remain in circulati° ,
to I}d. instead of 2d. per diem. It is conceived tb3-
this may be easily accomplished, as the reduction of the
interest in India Bonds has just been effected, and tbe
demand for Exchequer Bills, after the amount in ciret.
lation has been thus lessened, will be sufficiently grel;
it is supposed, to keep them at a premium even at t
lower rate of interest. Other reports or rather cooiech.
tures have been, that Ministers intend to follow up t,ie
funding by taking a vote of credit for 3,000,0001. of ni
ditional Exchequer-bills in the place of those funded, an
that they also mean to suspend, during three years,- B,_.
operation of the sinking fund ; but this anticipation of to
budget is, in our opinion, much less entitled to attenti°3
than the other.

FEMALE EMANCIPATION CONTEST.---The
following curious affair has taken place, (says a Cl3ere..
spondent) at a public-house in Oldham. Two femaire,
employed by the mistress of the inn, having had various
egne
wicker,cnodue gender
tae
rr se
ofrwithec r
nalaetrdhkoaantbi alaecn, t i vobenl
oemoedom,f btae rhnedfmo
,rt
hwaeh irch
oetdh-tehhroe
at f ef
inma nhig:7
Papist, from the Emerald Isle, agreed to decide the quer
tion of Emancipation in a pugilistic way; and in order
thereto, (the mistress being unwilling to allow the disphl
of their prowess within doors) they repaired to the yeadi
where our heroines, after several hits, and the pulling °
hair and caps, to the no small amusement of the cum
mere of the inn, decided the political disputer viceer7 de-
daring in favour of the Hibernian Amazon. The latter
entered the inn again, amidst the acclamations 0f sue
rounding crowds, whom curiosity had attracted to this
scene of female warfare, and attempted, after the sash e
conquest had subsided a little, to resume her accusWcno
avocation, of attending the rap of the pot, or the jingli,e°
of the bell. "No, no," said the hostess, "you have or
tided to he free, and free you are ; you shall be no aore
in bondage to me. Go, and joy be with you." :
other, who had been unfortunate in the contest, begs° t
exult in mind over her late antagonist, when she saw h.;
budging away out of doors, and with alacrity resumed be'
accustomed kitchen duties of scouring and cleaning ; whet/
the mistress put a stop to her officiousness by observing to
her, "that as she had fought in, and for, the situation of
slave, she ought to be free, as a reward for the blows sits
had received; and, therefore, Go,' said she, '1 emanei"
pate you henceforward.' " So they both got their free'
dour from servitude.—Manchester Advertiser. •
On Sunday afternoon, about three o'clock,
Mr. O'Cor. NELL and the Earl of ELDON were seen 10110:
lionogkeinacghasotghrearvdeoawndn
aPsatllh-omuaglhl
t;futlheasLiefarcneadthEollic-Aernagit4te.n.cia:
pation had failed; and the Noble Earl much more gaYae.
joyous than he would have seemed if he had really beef
convinced that the " sun of England's greatness had
for ever."—Morning Paper.
On Wednesday week, a trout was caught in
the river Derwent between Darley and Rowsley, with
minnow, by Mr. Joseru PsAcn, of Derby; it measured
twenty-four inches in length and thirteen in circumference'
and weighed six pounds.—Sheffield Mercury.

THE LETTER OF THE GOSPEL.—A SO'
day or two ago, a Baptist minister from Derbyshire, bei4
engaged to preach at Sheepahead, took for his text
sth chapter of Matthew, 4th verse—" If any man
sue thee at the law, and take away thy coat, let him "...4
thy cloak also." In the course of his sermon,
he strati'
ously enforced the Christian duty of overcoming evil Witt
good ; but to his no little astonishment, when he Was able
to enter his gig, which stood in an adjoining Yard,' :ef
found that his coat and cloak were both gone--the
haying written on the wall with chalk, " I have to
your cloak, and hope you will give me your coat!"....'
mingham Journal.

BIRTHS.
On the 21st ult., at Edinburgh, the lady of Pb°
Hay Mackenzie, Esq., of Newhall, of a daughter. e
On the 2d instant, the lady of Jonathan Mucklestori
Key, Esq., of Herne Hill, Surrey, of a son.