The Sun.
London, England, 1845-07-23 00:00:00

CLOSING
PRICES.

PRICES OF FOREIGN FUNDS.
Brazilian Bonds
ill
Ditto Small
Ditto, New, 1629 and 1839 BB 8814
DU°, Smril . . 881% 8814
Do. New, 1843
Buenos Ayres Bonds 6 per Cent. 481/2 48%
Cbil;an Bonds 6 per Cent.— . ...... 101 101
Columbian Bonds, ex Venezuela. 1734 173/4
Dutch El:chan:.,e 2% per Cent.... 371/2 371/2
Ditto, Account — 36
Ditto, Deferred . 20%8
Portuguese 5 per Cents. —
Ditto, Converted — 657/8'
Ditto, Account — 65%8
Spanish 5 per Cent. 1840
Ditto, Account ...... .. ..... ..... 26% 26%
Ditto, Passive
Ditto 3 per Cent. —
atto Account
Ve,?ewel . Bonds, 2 per Cent 4412 45
Ditto. Deerred
Belgian 4% per Cert. — 100
Dutch, 212 per Cent .
PRICES OF
A ONE O'CLOCK. BAILwAY SHARES PAID. ' PRICE
CLOSINGS
Bri'ton, Lewes, & Hast. 20
...
Bristol and Exeter
Bristol and Gloucester... 30 ...... 59% 60
Caledonian
$.3 am bridge and Lincoln 1%......
Chester and Holyhead... 15
Chichester and Brighton 20
Churnet Valley
Coventry and Leicester 114 —
Direct N orthem
Dublin and BelfastJunc. 2% Bl4 Vs
Dublin and Galway..... 9% 3l/41AA
Eastern Counties 141. 165...... 20% 20 .... .....
Ditto New 41. 16s. 6%3/4 6
Ditto Perpetual, 5 per
Cent, No. 1—.5/. 13s. 4d 11,4
Edinburgh and Glasgow 50
Great South. and West.

(Ireland)
Ditto Extension
Great North of England..loo
..._

211/2
29

21/2
3),.'
2034
61/2
11/2
77

22
121/2

D. tto New _ 2
Great Western BO 216 215 215
Guildford, Fare'm,Ports. 2% ... —2%
Hull and Selby
Do. Half Shares
Lancaster and Carlisle... 20
London and Birminghm (Stock)
Do. 14 Shares
London and Blackwell. 16/. 135.4 d. 10% lO
London and Brighton... 50
London and Croydon, 131. 15s. 9d. 2314 23
Do. New l3s 4d ll/4%. l%
Do. Guaranteed 5 per
Cent.
Loa. & S.Western 411 6s 10d...... 811/ 82 81 .
Do. New
London and York 2% 5l/2104 5
Londonderry& Coleraine 214...... 4
Lynn and Ely
Lynn and Dereham l% 1%
Manchester and Leeds 76 176
Do. % Shares
Do. Quarters
Manchester, Buxton, and
Matlock 225....... 5%3/41% 514
Midland 100 190% 190 189%
Do. New
Midland Great Western
(Irish)
Newcastle and Darling-
ton Junction 25 ...... 57 57% ... .. 571
Do. New Brandling
Newcastle and Berwick 1% l9 A% 1914
Newpt & Abergavenny 21/ 2% 2%
Newry and Enniskillen. 21/ ..... 34 3l,
North British - 26 25% ...... ... 25%
Do. New
North Staffordshire 225....... 4
Norwich and Brandon... 10
Do., New ... ..... ..... 1
Nottingm., Erewsh.Val-
ley, and Manchester ......
Oxford and Worcester... 2% 7%14
Portsmouth Direct ...... 21/ _
Richmondand West End
Junction
Rugby, Worstr, & Tring 1
Scottish Central
Shrews., Wolverhamp.,
Dudley, and Birm 2%. ... 41
South Eastern & Dover 33/ 2s 4(1... 47% %... ......
Do., No. 2.
Do~ No. 3
South Wales ... 2% ......
Trent Valley and Holy-
head junction -
Welch Midland
."2-1%-q
YoDrko.aEndxNteonis•tihonMidland 50114

IN
213/4

FOREIGN RAILWAYS.
Boulogne and Amiens... 6
Dendre Valley
Great North. of France
(Laffitte's)
Do. do. (Rosamel's) 2
Jamaica Junction l%
Do. South All(llnd. June. 1
Louvain and Jemeppe... 4 ... . 4%
Namur and Liege
Orleans and Vierzon ... 6
Over Yssel 413 s 4d
Paris & Lyons, Laffitte's 2
Paris and Lyons, Gan-
neron s, 2
Sambre and Meuse ~... 4 ...... 7%
Tours and Nantes, Mac-
kenzie's
Verona and Ancona...—. 1
214... ..... •••• •• •
Wrest Flanders

lOU
2

5%
47
5%
15%
0%
3

2%
71/2
21,4
214
41h

JOINT STOCK BANKS.
Provincial of Ireland ... 25
Union of Australia
Union of London...

493/4
26

HAYMARKET THEATRE.

121,2

Morton's comedy, entitled A School for Grown Chil-
d:4m, which was first produced at Covent-garden, eighteen
years since, was revived at this theatre last evening,
with complete success. This is one of the best of Mor-
ton's comedies. The character of Old Revel is an
admirable one ; is is a sketch from nature ; and Farren,
the original representative of the part, sustained it last
evening with even greater effect than he did on its
original representation. The scenes in which the staid,
careful old man becomes, for the nonce, is order to
disgust his son with extravagance, the gayest of the
gay, a gambler, a spendthrift, a " jolly dog," were
admirable. The boat-racing scene, in which he
appears as a member of a yacht club, dressed as an
amateur sailor, and concludes by dancing a nautical
hornpipe, convulsed the audience with laughter ; and
the hornpipe was, of course, encored. Hudson, who
had undertaken the character at a short notice, made a
most vivacious Young Revel (the part was originally
sustained by Jones), and acted up to Farren admirably.
Mrs. Glover sustained her original character of Dame
Ryeland ,• and if the Sir A. Stanmore of Holl fell far
short of C. Kemble's performance of the character, the
Frank Ryeland of Mr. Webster was infinitely superior
to that of SerleAwho was the Frank of the play, as ori-
ginally produced. The comedy has been cut down into
three acts, and it certainly acts all the better for
the pruning. It is very strongly cast, and will
no doubt have a run. The farce of Used Up followed,
Webster appearing before a London audience for the
first time as Sir Charles Coldstream, in consequence, as
was stated in the placards posted at the entrance of tl e
theatre, of " Mr. Charles Mathews having, in violation
of his engagement, refused to appear in the part." Under
these circumstances, the indulgence of the audience was
requested for Mr. Webster. The indulgence, however,
was quite unnecessary, for Mr. Webster acted the part
excellently well ; in fact, he made quite a hit, and his
Sir Charles Coldstream will, we have no doubt, become a
universal favourite. He was much applauded through-
out the piece. The house was, as usual, crowded to
excess.

UNION BANK OF AUSTRALIA.—On Monday the
annual meeting of the Proprietors of this Company was held at
their offices, 38, Old Broad-street, J. J. Cummins, Esq., Chair-
man of the Board of Directors, presiding. The report, which was
read by the secretary, stated that the deposits of the branch banks
had increased, while bills offered for discount had diminished.
There were no new failures, and no new bad debts, although some
of the branches had wound up unfavourably. No change of im-
portance had been made In the colonial arrangements. There were
bills payable to the amount of 78,4301., wt ich, with other sums,
made the liabilities of the Company 194,4761. The paid up capital
of the bank amounted to 820,0001. The balance of undivided profit
up to the end of the year just ended was 43,5684, from which the
Directors recommended a dividend of six per cent. The report was
adopted. Mr. Robert Carter and Mr. Thomas Yoiung retired from
the directory by rotation, but Were unanimously re-elected.
FEMALE CONVICTS FOR VAN DIEMEN'S LAND.—
The Woolwich Company's steam.packet Fairy brought down the
river, from Millbank Penitentiary, on Saturday,) 0 female con-
victs, and put them on board the Lloyd, hired co:evict-WIN at
4)
present moored opposite the Royal Arsenal, Woolwich, •to embark
female convicts only for Van Diemen's Land. The Vlo:"Itch
Company's-steam-boat Nymph brought down 120 female cot.'v."--
yesterday, and embarked them in the 1,40 r for the same destinat"'

S POR TIN G nOrTtI.LIGENC
(nob, ors coallesroNbaNt.)
I tare attended Liverpool raises bow for many years in sneces.
sion, and I think I aver witnessed a fuller attendance of com-
pany than were present last week. The sport, if not first-rate,
was still very respectable, and I doubt not, after the comments
which have been so properly made by the press, that an alteration
will be made in the time of declaring the acceptances for the Cup.
There is only one drawback, I am aware, attending the Liverpool
Races, and that has been felt by almost every person I am
acquainted with. I allude to the danger experienced in returning
from the cor.rse to the town. The getting back from Epsom is
nothing to it and I can only estimate the danger by comparing
it to that which is experienced by a passenger going or returning
from London to Gravesend in a steamer on a Sunday, when eighteen
hundred people are crammed into a vessel capable of holding only
four hundred with any degree of comfort.
The Cro::teth Stakes was remarkable more for the re-introduc-
tion of the Lancashire 'Witch into the racing world, than any-
thing else. Upon her making her appearance she was much
scrutinised, and the result of the race showed that the odds laid
against her were not done so without great reason. Few mares have
fallen oft so much froml'heir two-yr.old running asMrsWor hington'ss
Trueboy, the favourite, displayed again his "favourite trick"
of " shutting up" directly he was called upon. It will be a long
time, I think, before his friends will trust him with any more
money. The winner was not mentioned in the ring, and is a nice-
looking filly. For the Mcrsey Stakes, Princess Alice was again
beaten, much to the chagrin of her backers. Luminary is the first
of Launcelot's stock that has been out, and her success will, no
doubt, give her sire a lift in the estimation of breeders. In the
Plate that followed, the stable companion of Rowena played a very
creditable part. It is somewhat remarkable that nearly all the
Slanes that have yet been seen in public have been winners.
For the Cup Nat brought Lotharin in (as I told my readers
last week he would) in front of sixteen others, including Hese'_
tine's crack Winesour. A great many apologies are made for this
horse's defeat, but I never imagined he had the slightest chance.
Although he was run against, surely in a race of two miles there
was time enough for him to recover his position. Rowena's piace
at the finish, and the running of the Slane colt, deservedly raised
Rowena in the betting for the Goodwood Stakes, and makes Daw-
son's lot a dangerous one to stand against.
In the Derby Handicap, Sweetmeat, another of my selections,
followed up her success at Ascot, beating Godfrey and eighteen
others. Lothario was very foolishly started for this, and although
much inconvenienced by being hung upon, yet was only beaten
by a length and a head. After this they took 16 to 1 about him
for the stakes.

The Stanley Stakes were won by that game little animal, Mid_
lothian, beating, among others, Pluto. Hope, and the Lancashire
Witch. Hope, my favourite, next to Pluto, was the favourite, at
7to 4, but was not even placed. Had the., distance bern longar I
think Pluto would have won. Lord Warwick's Yardiey has at last
won a race for his owner, and beside putting a g. od stake in his
pocket, caused a handsome salver to be added to the family plate
chest. I know not who is the author of the inscription engraved
upon it, but I must say, a better one I never peruses! Such a tes
timonial must have been most gratifying to his Lordship. The
Ironmaster's running to.day completely destroyed the hopes of his
numerous hackers for the GOodwocd Cup.
The Liverpool St. Leger was a most exciting race. Under an
impression that Mentor would not TUII, I selected antasa for my
winner, and he was only beaten a head, after a race three seconds
and a half faster than the one between Ithuriel and Red Deer, last
year. The betting, after it was over on the Doncaster St. Leger,
was most unaccountable, Mentor being backed at B to 1, and the
Welsh horse at 20 to I. I expect to see the latter's position,
however, materially improved before long. The Baron, I hear, is
gone to John Scott's to get that improvement he so evidently re-
quired; had he been ever so fit, the manner is which he was ridden
was sufficient to have destroyed his chance of winning.
The Newton Meeting, which may not inappropriately be termed
the Goodwood of the North, commences to-morrow, with every
probability of good sport. For the Gold Cup twenty-three horses
have been left in, and the following are their respective merits :
Robert de Gorham has the top weight, 9st, assigned to him;
had he been obliged to have carried the Tower of London, it
would have made no difference, as he broke down a fortnight' ago
at Carlisle, and is now for sale. The Shadow, fist 91b--looking
at her running last week for the Queen's Plate—is too much
stumped up to make me think she has any chance. Trueboy, fist 91b,
cannot be trusted for sixpence. Aristotle, Sat 81b, if all right,
ought to run very forward. Winesour, fist 71b. I cannot have, after
his exhibition last week. Ratan, 7st 121 b, will find the weight toe
much for him, and Semlseria, 7st Slb, the distance too long.
Parthian, 7st 71b, I think, will beat all the others. Erebus and
Juvenat, I consider, have no chance. Cataract's legs Ido not think
will last him for such a distance as this. Little Hampton is well
in, and will run in front. Fitzallen, 3 yrs, sst alb, after his long
rest, will, if he starts, have, I imagine, a very fair chance of putting
into his owner's pocket the money he cost him at Chester. Sinbad,
Cock Robin, Agriculture, April Noddy, and Winyard, I think,
will not start, so entering into a discussion of their merits is use-
less. After a careful examination, therefore, of their qualities, 1
think, in the large field that will be tore to start for it, Parthian
will be found first at the winning post, and Constable, Little
Hampton, and Fitzallen in close attendance.
In the Drawing. Room Stakes Thalia can hardly find one superior
to herself.

The St. Leger will be a nice race between Pluto and Fitzallen,
and will be won by the former, as the distance suits him better
than it did at Liverpool.

The Golborne Stakes seems booked to Lord Harry.
For Sir John Gerard's Cup I prefer most Parthian and Godfrey.
July 22, 1845. TELEGRAPH.

TO THE EDITOR OF THE SUIV.

Sin,—The meeting at Newton, under the stewardship of
Sir J. Gerard and Mr. Legh, commences on Wednesday
with the Lyme Park Produce Stakes, which will, in all pro-
bability, be nothing more than a " walk over" for Lena.
The Gold Cup, out of thirty-eight nominations, h.is twenty-
two acceptances; out of these about eleven will run, which:, I
suppose, will be the following, viz :—Winesour, Parthian,
Juvenal, Cock Robin, Semiseria, Lightning, April .Noddy,
Little Hampton, Sinbad, Pedometer, and Trueboy. I shall
look to Mr. Meiklam for the winner, expecting to see Little
Hampton and Winesour close up. The Drawing-Roam
Stakes to Thalia, Proserpine handy.
On Thursday the St. Leger Stakes will bring a crack field
of four to the post, viz.:—Hope, Pluto. Fitzallen, and Iron-
master, who will no doubt pass the chair as 1 have placed
them.

The Golborne Stakes look well for Lord Harry or The
Traverser, Brutus and Thalia being the next best.

The late running at Liverpool for the St. Leger has dis-
closed a " great fact," and which ought to be borne in mind
with respect to the Doncaster St. Leger, and that is, that
Mentor, in first-rate condition, could barely beat Pantasa
" a head," the latter animal being just now considerably too
stout to run such a distance with ease to himself. I shall,
therefore, advise my readers to give an eve to Pantasa for the
great northern event.—l am, Sir, yours, &v.,
Tuesday. THE SPIRIT OF THE TURF.

CRICKET.
THE GENTLEMEN V. THE PLAYERS OF ENGLANP•
The assemblage of persons admirers and participators in
the noble game, who on Monday visited Lord's to witness this
match, were presented with such a treat as has seldom upon
any previous occasion awaited them. The finest play in
every branch of the game was exhibited. The following
were scored

PLAYERS.
Lillywhite, b Bathurst ..
Barker, b Taylor
Martingell, b Mynn ..., ..
Pilch, c Napper, b Bathurst 44
Guy, b Taylor 6
Bushby, b Taylor 2
Sewell, b Mynn 6
Dorrington, b Taylor ll
Box, b Taylor
Hillyer, b Myna
Dean, not out
Byes 7, wide (Blynn) 3, no balls (do.) 7 17
—127

GENTLEMEN.
J. A. Anson, Esq., not out
C. G. Whitaker, Esq., not out ... 9
Byes 3, wide (Dean) 1 4
—24
The match was resumed yesterday morning at eleven,

BANKSIDE REGATTA.
The race among the watermen at Bankside on Monday, for
a new boat and some good money prizes, given by the inha-
',Rants of the Clink Liberty and its vicinity, was through-
out most spirited, and afforded much amusement to a vast
assemblage of persons, who were congregated on London,
Southwark, and Blackfriars bridges, Bankside, and the craft
moored off there. The race 1141.9 with six scullers, in three
heats.

First Heat—John Hicks (yellow) 1 ; Alfred Harris
(brown), 2; John Harrison (pink), 3. The watermen started
in this and the succeeding heat from Mason's-stairs, round a
boat moored off the Phoenix coal-wharf, up round Messrs.
Horne's road, and down to Thames-street-stairs, the distance
being repeated. Harrison took the lead at a rattling pace,
but could not hold it, and gave place to both the other men
just above Southwark-bridge, Hicks then drew away and
kept it. Won by four lengths.
Second Heat.—Matthew Weed (green), 1; James Bush
(red), 21 William Knight (blue), 3. It was a capital race;
Knight led, followed by Bush, 'Weed being in the rear of the
others. He, however, soon mended his position by gallantly
rowing by the others above Thames-street-stairs. The race
was kept up in the most spirited way, however, to the last,
and won by half a length only.
Grand Heat.—Bush, 1; Hicks, 2 ; Harris, 3; Weed, 0.
Bush went away with the lead, closely pressed by Weed,
who went to work very prettily, and bade fair to get the first
place, when, on passing under Southwark-bridge, the very
light boat in which he was rowing shipped a great deal o
water, in consequence of the wash occasioned by two steamers,
and he was soon after obliged to give in.
ST. JOHN'S (WESTMINSTER) REGATTA.
The annual contest amongst the watermen plying at the
Horseferry and the Middlesex side of Vauxhall-bridge, many
of whom have, both in the past and present day, distin-
guished themselves as scullers and oarsmen, came off on Mon-
day, and was most respectably. and numerously attended.
The prize was a purse of sovereigns, as usual, subscribed by
the principal parishioners; and the race was in three heats,
with sixteen pairs of sculls (two pairs in each boat). The
distances in the preliminary heats was from the Horseferry
up to Mills's. at the end of Thames Bank, down the Middle-
sex shore, round a boat moored off the Houses of Parlia-
ment, and back to the Horseferry. After the two first
heats the grand heat was closely contested, and the prize was
won by W. Meekeff and J. Goatby, of Horseferry-stairs,
sporting red colours.

LITERATURE.
THE ILLUMINATED MAGAZINE.
This Magazine appears under a new editorship, and we
are glad to say it has resumed its original appearance as
It) sise, &c. It is more worthy of the title than it has been
for some months past, as its illustrations are many of
them of very high character as works of art, and are dis-
persed throughout the Magazine with no niggard hand.
The opening article, " Illustrations of the genius of the
late Thomas Hood," profusely illustrated as it is with
wood cuts from the chefs d'oeuvre of that lamented
philanthropist, philosopher, and wit, is of actual perma-
nent value, and is alone worth more than the price
charged for the whole Magazine.

PRESENTATION AGAINST STEAM-BOAT PIERS.—
On Monday a Court of Conservancy was held at the Swan, West.
minster.bridge, before the Lord Mayor and other City functionaries,
when the following piers were presented as being at certain times
of the tide obstructions to the free navigation of the river, and
their removal recommended, •is. ;—♦ pier near the Thames
Tunnel ; a tier of barges at Wapping, called Charrington's.pier ; a
floating pier at the end of Essex-street, Strand; and a tier of
barges used as a pier opposite Chandler's, at Milbank.
DESTRUCTIVE FIRE AT FINSBURY.—Monday night,
shortly after eight o'clock, a fire of a very alarming character was
discovered burning upon the premises belonging to Mr. Hall, a
cabinetmaker and carpenter, situate in Bath.place, Tabernacle.
square, Finsbury. Whilst the neighbours were engaged in pour-
ing water on the fire, it extended to the adjoining workshops, in
the occupation of Mr. Rynar, a French bedstead maker. The
stock in trade deposited therein was of quite as inflammable a
nature as that in the premises of Mr. Hall ; and in the brief space
of ten minutes both buildings and their contents were completely
enveloped in flames. The firemen were unable to get the complete
mastery over the flames before half-past nine o'clock, and not be-
fore both workshops were gutted, and the whole of the stock in
trade consumed.

HT,'R MAJESTY'S NAVY.
SU PPLEME N;TA L ESTIMATE OF HER MAJESTY'I

NAVY, FOR THE YEAR 1845-46.
An Estimate if the ,N Mount required to provide for sums that MO
come in course of Payment in the Hal year ending on the 31'4
March 1346, on accaunt of the Refire,' Allowance of tbrO
hundred Captains in her .Majesty's Nary, commencing on the 10

October, 1845 ; viz.
VOTE Ne. 14.—HALN AND RETIRED PAY 01► ()Meg" " "1

NATY AND ROYAL MARINES.

For the Retired Allowance of three hundred cap-
tains in her Majesty's Navy, for the Half_year
comrrencing on Ist October, 1845, and ending
on 31st March, 1846, at the rate of ss. 6d. a day
to each beyond the amount of their existing Half-
pay, 15,0561.; but of which one-half only there-
of will come in course of payment in the
period; viz. £7,528 0 °
The whole charge amounts to the sum of 7,52.81
HADDINGTON.
W. GORDON.
Admiralty, July 15, 1845.
The attention of the Admiralty has not now been called for the
first time to the growing inefliciency of the Admirals' List, arisintt
from the advanced age of the officers filling the highest rank it'
the service. This evil, necessarily increasing from year to year,
has created great anxiety ; suggestions have been made from time
to time with the view of providing an effectual remedy, and haYe,
been successively rejected, because on examination it was found
that they did not meet the exigency of the case. The object 0f
these proposals has been ti, Ming officers still in possession of health
and vigour nearer to the fl ,g,, by pro, Wing for the honourable re-
tirement of those at the head of the captain's list, and thus opening
the succession to the highest rank to younger men.
For this purpose proposals have been made at different tidal
for the retirement of 100 and or 150 captains; but it was found that
the number of officers of that rank who had attained an advanced
age was so great, that the retirement proposed would have leg
matters mucu as they were bi fore ; and that the succession to the
flag would have ,till devolved upon men as old, or nearly Oral
those now OCCUI,N ing that rani,.
The total ntrmt er of captains now on the list is 714; of these
376 are above 55 years of age ; among whom 50 are above 70,
and 205 above 60; 171 are Letween 5.5 and 60, and 133 between„
50 and 55; arid nine only under the age of 45 are to be found of
a seniority higher than 1827.
'Abe retirement of 100 cap airs from the top of the list would
remove officers averaging 67 ye.,rs of age, to bring up others a‘e"
raging 64.

Admiralty, July 21, 1845.

If even '2.00 were recited, the average a:z.e of those advanced to
the top of the list would ue CO ; either of such schemes, therefore/
would leave the evil untouched.
This short statement is decisive as to the impolicy of retiring
100 or even 200 officers, with the view of bringing the flag withi°
the reach of a junior class of men.
FormFormssuggest i/ ns, moreover, went merely to the retirement Of
the number proposed, and to the maintenance of a Retired List c'h
100 old captains, to be recruited from the Effective List in de by
vacancies. They left all the causes in lull operation which,
"'
overloading the Captains' List, have created the existing evil.
There is, however, no conceivable method, consistent with the
practice of the service, of so disencumbering the list of captains °f
the o!ii and more infirm members as to Ming efficient men neat
their flag, but by resorting to the principle of retirement ; and it `i
necess try to make that retirement so large as to prove really die
tive, accompanying tile project with other provisions calculated to
prevent the growth of similar evils hereafter. In the conviction
that any scheme of retirement, to be effectual, should be offered to
300 officers, it is now propreed that there should be a Retire'
List of 300 captains, of 55 years of age and upwards, with ill.
creased half-pay, power being given to the Admiralty to aIIOA
infirm officers of 50 to retire, if the number required of the tie of
55 should not be found willing to do so, and that the officer' '-
retiring should be placed on a separate list between the flag
Officers' and Captains' Lists.
That this list should be allowed to diminish, by death, to I°o'
and be hereafter permanently maintained at that number.
I !That general promotions should no longer be resorted to as the
means of recruiting the list of admirals, but be replaced by a srite—d
of continuous promotion, as death vacancies arise on that list; an
general promotions be reserved for the celebration of important
national events. -

That the Flag Officers' List should be limited to 16Q, and
the
Captains' List to 400, to be retained at those numbers by proMotiel;
to every vacancy. This limitation is intended to be permallOthe
applied to a state of peace, but it is impossible to say what t""
exigencies of a war might require.
It is not proposed to place the officers wishing to avail theMselce°
of the immediate advantage of this plan on a retired Flag o',i
but it is intended that those retiring from the 145. 6d. list shou1
~a
at once be permitted to assume the title of Rear-Admiral, ant
that the remainder should be permitted to assume the same title's,/
the period when they would have obtained the flag by seniority e't
they continued on the Active List.
It is recommended that the officers retiring should receive is. 6d0.,
a day in addition to their present rates of half-pay, and to (Weed
which they would become subsequently entitled had they rellud'he
•n the present Active List. Thus, officers retiring fro'', t,„
10s. 6d. and 12s. 6d. lists would receive 16s. and 18s. respective?;
until the period when, had they remained on the Active List, the
would have been entitled to the half-pay of 12s. 6d. and 145. d
when their retirement would be increased to 18s. and 11.
At present the 100 senior captains receive 14s. 6d, a dal -
alf
pay, the 150 next in seniority 12s. Cd., and the rest of the
tains' list 108. 6d.
tee
In consideration of the great change proposed, which Pr-„a-„,%1
throughout the whole list a nearer approximation to the Flag,
by reducing the number of captains from 714 to 400, shortens t
time during which each officer will have to remain on the caPtei°
list, while at the same time it greatly increases his chances of ~,,
ployment, it is thought that the number of officers to receive t;
highest rate of half-pay, should be reduced from 100 to 50; '-
that those to receive 12s. 6d. should not exceed 100. ere
To the widows of the retired officers it is proposed to allow P,
sions of 1101. per annuln, and to these of the officers entitled l
~
assume the rank of rear. admiral the pension of a rear admiral
widow.
Should any great national event render it right to grant the ben
of a general promotion, it is proposed that the two limited het"ers
increased in numbers should be gradually reduced to the numwl
already sincified, by a recurrence to the principle of restrieoe
promotion, instead of filling up every vacancy, and that the dam of
rule should apply to any temporary increase in the number
captains created by promotion awarded for brilliant or die,j,.
guished service.
g be
A considerable additional expense will in the first ingot'e of
necessarily incurred by the retirement of the large numbet of
officers proposed, which expense, however, will be in I"cess
0
annual diminution, as the otticers whose vacancies are not to
filed up, die off the lit, whilst savings to a large amount, aria`?;
from various causes hereafter specitied, will, by the operation of tP
proposed plan, gradually accrue.
By a calculation traindrd on the average tables of mortalitlree
is assumed that the Retired List of 300 captains will be redu!
to 100 in about 17 years ; consequently, the expense of reiwir,:o
merit, which in the first year will amount to about 30,0001. tie
diminish annually till in the 17th year it will be reduced to a
more than 111,0001., which will be the permanent charge 1,0
(jolted to be maintained. Arid further, as the 200 offiCere w,r
will thus be removed from the Retired List, without being
placed, will riot contribute to promotion on the Active List fp
the usual promotion of one officer fur every three vacancies,
annually increasing saving will accrue, which in the 16th 1e
will amount to above 5,000!. per annum. List
A further saving will also result from the reduction of the ,
of Flag officers to 150, from the number at which, of late I.'li
it has been maintained, and to which it would be restored

another brevet promotion.
In addition to these savings, there are some others which Or:
a considerable item in the calculation of the savings to be eftbet,i
.
by the adoption of the foregoing plan ; the general result of WPoof,
Cb
will be, after a few years, an excess of saving over the 4
amounting to many thousands per annum.
It is believed that the terms on which this retirement is
are consistent with that due regard to economy which should 61,00" s
mate every public department in the consideration of all questlo
involving an expenditure of public money, and at the main*
sufficiently liberal to induce the officers to whom they are off
to accept them.
. 8(
Such is the plan of retirement which, after a full considerat4oo
all difficulties, has met the approbation of the Admiralty, Wdijf
that deppartment, recommended to the favourable consideratioo
the Government and Parliament.
cce°'
It is quite impossible to calculate with certainty on its sti it
founded as it is upon the principle of voluntary retirement, btics
promises to be as effective as any plan can be made, from W"
the principle of compulsory retirement is necessarily excluded. ef
Its superiority to former proposals consists in the great mumit withdraws from the Effective List, and the precautions it _...„
mends, in order to prevent the recurrence of a state of diffiCo4"o,
and stagnation hereafter similar to that which now exists ;
mate adoption, however, must be dependent on the reception 0"
tC
the officers intcrested may give to the plan.
mbel
It is too obvious to require explanation, that unless the eu-- ff o
required (or nearly so) should accept the' offer made to them, to
little good would be effected, and the country would be put colo
heavy charge for increased dead weight, without deriving any

responding benefit.
forelei
It is only necessary to refer to what hasbbeen said of the ote
proposals, and the reasons for rejecting them, arising from the °oft
of the Captains' List, to show that by no retirement less exte:d te
than that proposed can we hope to see a class of men advenc it
the head of the Captains' List. who, from their time of life,.
likely to be fully qualified for the active duties of service ,

highest rnks of the profession.
lst
L
Unless, therefore, we can remove from the Captain"
number now proposed by voluntary retirement, it would
advisable to persevere with the plan ; but in that case it will be f3<
duty of the Government to consider what ulterior measures
_op
be necessary in order to provide for an efficient list of Flag Otfilio
A vote in supplement of the present naval estimates, ariloOndot
to 15,0001., the estimated cost of the retirement for the 10'0
commeLcing the Ist of October, will be necessary to enableropt
Admiralty to take the first steps towards carrying their arrano otetl
into effect. Should it nut succeed, no portion of the money /tot
will be expended. It is therefore for a conditional vote 0n11,14.
the naval department will have to ask. HADDINGT°