Star.
London, England, 1824-04-12 00:00:00

PRICE OF SUGAR.

The Average Price of Brown or Muscovado Sugar, computed
from the Rrturns made in the Week ending April 7 18x4, is
31s. 9d. per cwt: reclusive of Custom Duties on impoollFs,...._

NEW PROJECT'S.
A prospectus was circulated on Saturdal in the City,
for subscriptions to a Loan Bank in Dublin. Petitions
have already been presented to Parliament, and leave
obtained to bring in all,for establishing the Institu-
tion as a Joint Stock Company. The capital is to be
one million sterling, in shares of £5O each, of which
three fifths are to he subscribed in England, and two-•
fifths in Ireland. The concerns of the Company to be
conducted by twenty Directors, twelve of whom are to
be nominateJ from the Stockholders in England, and
eight from the Stockholders in Ireland. The principles
of this Institution are simiiitr to the Loan Bank Com-
pany recently formed in London. Several other new
projects are preparing for public notice, sanctioned by
' more or less degrees of respectability, and offering more
or less probabilities in favour of ultimate success. In
respect to the number of new .chemes for the employ.
ment of money, London, and indeed the country in ge-
neral, strikingly resembles what it was at the peri.)cl of
the South Sea scheme, when scarcely any project was
too absurd to obtain support. We bel-eve, however,
that there exists at the present moment a much greater
degree of information among the public at large,
and that delusions cannot be practised so easily as at
the period referred to ; but it cannot be too strongly in-
culcated on those who are the first to come forward in
the announcement of a new undertaking, that they shall
at least have given it lull consideration beforehand, and
that their respectability ought, to a certain extent, to
be identified with its success. Men of chrracter in the
City are too apt to lend the influence of their names
to schemes of which they can know nothing, and sel-
dom undergo the trouble of any inquiry into their merits.
The same names also appear too often at the head—
of new uncle:takings; for it is clear that if there are re-
quited both knowledge and reponsibility, the very num•
ber of new projects with which particular merclionts
and capitalists allow themselves to be identified, must
prevent an honest ad ministr at ion of them,however strong
the inclination. In the City alone there have been started,
,during.the last week, the following new undertakings:
I: A Company for obtaining (rout Government a grant of Land
'of a million ut acres, in New South Wales, to be em p!oyed im-
proving tit,. growth of Wool.
2. Au Awociation Tor the purpose of cutting a Canal acro's the
achirarnie tils
tlrsitchdi 1:alu :do ImDe ;sr
wieint
h—aa
faparuortc
though
byg thhteh
r,
rwohvicfnb, s
ibneemne
have been too great since that period to pronounce it imprilctteatao.
3. A Company fur navigatiug the 'Tames and ilia by steam
4. A new Dock Company, fur Coals Ulll7.
All these are undertakings on a very large scale, anik
in the preSent mania that prevails', every day m*yke
einxpaelci toeldthtoviitid;dwteootfibeeirrnnorronpabileior.n
0f:111;0117r
mayetbe;t4o:tillt
et' rab lel y;itehrec
it:et robset :jai t
ei onne.
oanndthceil!crourfatitsipletchteionPuohiligichgt
gaging in any of them.

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