The Sun.
London, England, 1845-01-28 00:00:00

RAILWAYS.

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The report of the Board of Trade published in the
Gazette of Friday night, relative to railways, caused
some little fluctuation in the value of the shares of the
several lines alluded to. Newcastle and Berwick im-
proved to and left off at 111 to 12-, premium, being a
considerable rise on previous prices. Few of the Irish
lines are yet quoted, and hence no great alteration was
perceptible in them, but still the decision of the Board is
regarded as favourable to those securities. The Eastern
Counties did not suffer much, for although they opened
rather flat on Saturday morning, their final quotation
was much the same as on Friday. The shareholders
in this company, notwithstanding the rejection of the
Colchester and Bury branch, do not seem to be the least
fearful of their success in the Cambridge and Lincoln
and the York struggle, which accounts tor the firmness
with which the stock is supported. They stand
.on
the opinion that the policy of the Government is Con-
servative, and that every support will bo given by
the Board of Trade to existing lines which can show a
fair claim to increased traffic, in preference to deluging
the public with competitive undertakings—a system
likely, in the long run, to be productive of mischief, not
only in share speculations, but also in the ultimate ad-
vantages to be derived from railway communication.
Eastern Counties, in consequence. still remain 18 to 18i;
and Cambridge and Lincoln, 2 to 21 premium. The
market in other respects was fairly steady, and a large
amount of business was trail -acted. There was hardly
so much done in the French securities on Saturday as
hitherto, but considering the present state of excitement
connected with our own projects, and the near approach
of the Parliamentary session, when all will be bustle and
confusion in the matter, this is not very extraordinary..
Another circumstance against an extended business in
these securities is the very high value they already bear
for newly recognised schemes in our market.
The monthly returns of the French railways shoW an
amount of nearly 50,0004 fur December on 289 miles of
railway. At the corresponding period of the previous
year the amount was only 37,0001. The increase is
stated partly to arise from additional lines opened, but
exclusive of these sources the advance per month over
last year amounts to 7.0001., or 18 per cent. The follow-
ing are the French lines not yet opened, but now tinder
course of construction:—Amiens and Boulogne, 79 miles,
by Laffitte and Co.; Avignon and Marseilles, 72 miles,
by Talabot and Co.; Orleans and Bordeaux, 300 miles,
by Mackenzie and Co.; Orleans and Centre, 51 miles,
by the Orleans Company; Paris and Sceaux, 6i miles,
by Arnoux and Co.; Rouen and Havre, 57 miles, by
Laffitte and Co.— Times.

A commercial case has been submitted to us with
a request for an answer. The writer, it appears, has had
some produce consigned to him by a correspondent in
India. This correspondent has drawn bills against the
consignment, and has handed to the party purchasing
the bills the shipping documents as a security, such
documents to be delivered to the consignee on payment
of the bills, either under discount or at maturity. The
bills are presented and accepted, " payable if accom-
panied by such shipping documents." On the arrival of
the ship, which takes place before the bills become due,
the owner of the bills applies to the consignee to retire
his acceptances. The consignee replies that he will do
so, when he requires the property against which the
goods are drawn, the property being held as security
against the acceptances. The holder of the bills re-
joins that the acceptances must be retired at once
(under discount at the bank rate), or he will pass entry
for the goods, and charge two per cent. commission for so
doing. The question is, whether he has a right to take
this step. This case we have referred to experienced
parties in the City, and the opinion seems to be that the
Bolder of the bills has clearly no right to proceed in the
manner described above until the bills have arrived at
maturity. Even if the bills were already due, and had
been dishonoured, it seems very doubtful that the holder,
after effecting a sale to reimburse himself, could make
any charge in the shape of commission. The question is,
however, more fitted for a professioaal adviser than for
a public journal.— T• unc:.
WINDSOR, SUNDAY Ev ENING. —Arrangements have
just been made for the departure of the Court from the
Castle for Buckingham Palace, on Monday, the 3d of
February, the day before the assembling of Parliament,
which will be opened by her Majesty in person. On the
following Saturday, according to present arrangements,
her Majesty and the Prince Consort will leave town for
the Pavilion at Brighton, where the Court is expected
to remain for about a fortnight or three weeks. Their
Royal Highnesses the Prince of Wales, the Princess
Royal, and the Princess Alice, will proceed to Brighton.❑
on Saturday next, under the care of the Dowager -Lads'
Lyttleton, the preceptress to the Princess Royal. It is
at present uncertain whether the infant Prince Alfred
will leave the Castle for the Pavilion at the same time,
or accompany his royal and illustrious parents to Buck-
ingham Palace, and proceed thence to Brighton, on the
Sib proximo.
THE NEW CHANCERY COURT OF 14 ANC ASHIRE.—
The new Vice-Chancellor sat for the first time last week.
As confined to the county of Lancaster it possesses equal
powers to the High Court of Chancery of England, and
the expenses to suitors is not greater, if so great, as in
the higher Court. In the event of any reduction in the
;expenses of this Court, with a Vice-Chancellor of the
legal acquirements of r. Horace Tw.is s we look for-
ward to a speedy WI) eto its practice.—Bolton Free
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