The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1849-07-31 00:00:00

THE Ll\ ERPOOL BOROUGH BANK

On Wednesday last the annual meeting of the share-
holders in this establishment was held at the Clarentl )n-
-rooms, William Rathbone, Esq., chairman of the Biard
of Directors, presiding.
After a few remarks from the CHAIRMAN, to the effect
that there was a promise of greater prosperity in their
affairs for the future,
Mr. CROSS, the manager, read the report, by which it
appeared that the profits of the past year, after payment
of all expenses amount to £59,151 193 9d. During that
period there have been no losses, but it was matter of
regret that the value of the assets of the previous year
will have to be reduced £25,000. The directors had no
hesitation in expressing their opinion that no dividend
beyond the rate of five per cent. per annum ought to be
declared until a reserved fund of £50,000, at least, be es-
tablished; and such a course they are satisfied would tend,
not only to the ultimate solidity of the bank, but to its
Present prosperity, and to the extension of its current
business and resources. The surplus profit of the previous
year was £682 Os. Id. ; the net profit during the past year,
after payment of all expenses, is £50,151 19s. 9d.; toge-
ther, £50,833- 19s. 10d., from which a dividend, at the
rate of four per cent. per annum, was paid in January last,
for the half year then ending, amounting to the sum of
£9,962 Bs., leaving a fund of £40,871 lls. 10d., from which
a dividend, at the rate of five per cent. per annum. is now
declared for the past half year, amounting to £12,453,
leaving a balance of £28,418 II s. 10d., against which is to
be placed the increased estimate of losses on the old bad
and doubtful debt account, and also on the bad and doubt-
ful debts of the previous year, namely, £25,036 12s. 10d.,
leaving a clear surplus of £3,381 19s. as a commencement
of a reserved fund. The total number of shares issued
remains the same as last report, namely, 49,812, repre-
senting a paid up capital of 498,120.
The report was adopted, and the retiring directors were
then re-elected seriatim. Mr. BROWN moved, and Mr.
JOHNSON seconded, the re-election of Mr. Mylne ; Mr.
PARRY moved, and Mr. BAIRsTow, of Preston, seconded,
the re-election of Mr. Rathbone; and Mr. BARCLAY
moved, and Mr. RICHARD RATHBONE seconded the elec-
tion of Mr. Smith.
Mr. HARVEY moved that the sum of £l,OOO be placed
in the hands of the directors for the next twelve months:
The motion was seconded by Mr. PENNINGTON.
After a vote of thanks to the manager, and a similar
compliment to the chairman and directors, the meeting
broke up.

LATEST INTELLIGENCE.
(By EXPRESS.)

LONDON MONEY MARKET.—YESTERDAY.
The English Funds have given way a little since the com-
mencement of business this morning • they are, however, at
this moment somewhat firmer. • Consols for account opened at
the closing prices of Saturday, 93 to*, but now declined to 92*,
at which they are buyers. For money they were also done at
the opening at 93 and 03k, and then declined 92i, They are
quoted at this moment at 92,1 to 3 for money, and at 93 to * for
account. The Three per Cents. Reduced were done at 93, 924,
and 1. The 'Fliree-and-a-Quarter per Cents. at 94, 93i, L and
93i. Exchequer Bills at 4Ss; premium.

SHARE MARK ET.—Y EST ERD Av.
The business done this morning has not been extensive, and
the flatness of the Consol market has exercised an unfavour-
able influence on the more speculative stocks. Prices' gene-
rally are a shade worse than on Saturday. Caledonians are
much depressed, having been done as low as 23i. York and
North Midlands are also considerably worse. Eastern Counties
and Brightons at former quotations. French shares are firm,
with little doing.

LONDON CORN MARKET.—YESTERDAY.
Our market was tolerably well supplied with Wheat by land
carriage samples from the mar counties ; the millers, however,
continue to act with extreme caution, and much difficulty was
experienced in effecting sales at last Monday's quotations. The
attendance of country buyers was limited, and the business
transacted in foreign Wheat was small, at barely last week's
rates. Flour underwent no change worthy of remark. Barley
was in fair request, at fully former terms. Oats of good qua-
lity and condition brought 6d. more than on Monday last, and
there was a more free sale for the inferior descriptions.
Beans and Peas supported their previous value.

SMITHFIELD CATTLE MARKET.—YESTERDAY.
The supply of Beasts is larger, and the average quality good.
The demand is considerable, but a reduction is submitted to in
most instances. The number of Sheep is also larger than of
late; trade is however cheerful for the most selling descrip-
tions at rather less money: large. fat sheep meet with a very
dull sale at lower rates. There is very little good Lamb at
market ; the demand is small and prices no better. The sup-
ply of Calves is beyond the demand, the consum,tion of this
article being very limited. From Germany and Holland there
are 571 Beasts, 2,510 Sheep, and 103 Calves; Norfolk and Suf-
folk, 800 Beasts ; Leicester and Northampton, 2,003; and
Scotland ICO.

HOUSE OF LORDS—SATURDAY.
The house met on Saturday for the despatch of business,
when the royal assent was given by commission to a vast
number of bills, and several other measures were forwarded a
stage.

HOUSE OF COMMONS.—SATURDAY.
The house met at two o'clock, when a conversation took
place respecting the precipitate march of legislation during the
last few days. Mr. BERNAL, Chairman of the Committee of
Ways and Means, declared he was so overwhelmed as to be
incapable of bestowing upon private bills the requisite degree
of vigilant attention ; Mr. DISRAELI characterised the scenes
which had occurred through this haste as disgraceful ; Mr.
AGLIONBY attributed the gush of bills at the end of the ses-
sion to the obstruction created by " too much talk" at the
beginning; and Lord JOHN RUSSELL delicately alluded to the
same causer and to the number of amendments on the motions
for going into supply; whilst Mr. DisnAnct, on the other
hand, protesting against restriction of debate, threw the
blame upon the government, whose measures were ill prepared.
Sir J. GRAHAM and Mr. GEEENE mentioned a practical
example of the evils attending hurried legislation. On that
day clauses .had been introduced by the other house into a
railway bill, mutatis mutandis, as the abandoned Railway
Audit Bill, and the house was placed in the dilemma of being
obliged to adopt the principle of that bill without discussion,
or of rejecting the railway bill, to the grievous injury of the
parties.
Lord J. RUSSELL, admitting the importance of this case,
consented to advise the crown to postpone the prorogation
until Wednesday, in order that the subjecet might be discussed
on Tuesday.
Mr. BAILLIE, Chairman of the Select Committee on Ceylon,
then moved an address fqr a royal commission to inquire on
the spot into the means taken for the suppression of the late
insurrection in that colony. •
It was opposed by Lord Jons RUSSELL; and after a debate
in which several members took part, a division accordingly
took place, when the motion was negatived by 90 against 33.
Lord J. RUSSELL then agreed that, if the committee should
re-assemble this day, and by a majority point out by name
such witnesses as they desired to examine, steps should be
taken to secure their attendance next session, when the com-
mittee should be re-appointed.
A motion of Mr. HUME, that the evidence taken before the
select committee be laid before the house, was negatived.
The house adjourned at half-past six o'clock until Tuesday.

kFronz a Correspondent.)
EXCHANGE NEWS-ROOM, 4 O'CLOGICi P.M
_

The morning papers as usual have arrived with'the ex-
ception of the Times. This is the fourth or fifth time this
paper has miscarried within the last week or two, but from
whatever cause is of little consequence, for we know it is
comparatively little read to what it once was. The opinion
amongst commercial men is that it is void of principle,
and has done a great deal more injury than any good it
may have done, and we rather calculate our agricultural
friends have no more exalted opinion of this weathercock.
[P.S. We received our own paper at about the usual
time yesterday but perfectly agree in our correspondent's
opinion of the Times.—ED: L. S.]

The Northumberland and Durham District Banking
Company have declared a dividend at the rate of six per
cent. per annum, clear of income tax, for the half-year
ending the 30th of June.
THEATRE ROYAL.—The Keans appeared last night in
'" Hamlet." Mr. Kean's performance, in this character,
is too well known to allow of any comment upon it. After
seeing Macready, it is difficult to decide who is the most
successful. :14.Irs.Kean's Ophelia is a beautiful impersona-
tion—true to nature ; such an Ophelia will never be seen
Again. On the whole, the play was well performed, Mr.
Barry Sullivan sustatning the part of the Ghost with much
discretion. To-night—" As you like it " will be resumed,
the Keans playing the chief parts.
WATERMG THE STRRETS. —The complaints made by
tradesmen as to the inefficient manner in which the streets
are watered are both loud and unanimous. Parties occu-
pying premises in Bold-street, for which high rents and
exorbitant taxes are paid, consider it due to them that
their costly goods should be protected from destruction,
caused by clouds of dust blowing about their shelves,
owing to the few and far-between visits of the water-cart.
Some tradesmen, in order to protect their wares, are
absolutely compelled to keep their doors closed, to the
exclusion of customers. They say that their grievance is
aggravated by the fact of the water cart being oftener
seen in operation during rainy weather than when its
services are indispensable from long-continued drought.

PROGRESS O,F THE SEWERAGE OF THE TOWN.—NOt-
withstanding the increased efforts recently made to im-
prove the sewerage of Liverpool, several of the widest
streets and greatest thoroughfares are yet unprovided, as
witness London-road and Prescot-street, forming together
the main eastern approach to the town. A great number
of the smaller:streets are in a similar position, having
merely surface drains, owing to which the cellars are
damp, and the back yards left without means of being
kept rid of offensive odours. We are glad to say that a
commencement has been made at the top of Shaw's-brow
to remedy the evil as affecting the two streets named. The
ground has within the last few days been broken up along
the street bet Ween Islington Market and the north end of
the New Assize Courts. This portion of the sewer will
be 15 feet deep from the street, and the excavation, to
admit of the brick-work below, is cut in yellow free-
stone, which here crops out, the superstratum being merely
the layer of macadamizing stone. This sewer will Le
carried up London-road and Prescot-street. and will be a
great improvement, whether as regards comfort or health.
The lower part of Shaw's-brow was sewered some years
ago, to drain the undergovnd story of the Assize Courts.
and this new sewer will join it. Islington was well
sewered last winter, and in the spring of the present year.
But there are many smaller streets between these two
lines of main sewerage, which must be drained into one or
other of them, the cellars of the houses in some of them
(as in Epv.-or:Ii-street) being subject to be flooded after
heavy rains.
AN EFFECTUAL CURE OF A SEVERE COUGH AND
ASTHMA BY HOLLO'R'AY'S PILLS.-Mr. J Davies, of
Lion-street, Milford, was afflicted f ore than seven
years with a most inveterate a atical cough, which
several eminent sthgeons, u r whose care he had been
at various times, could eradicate ; he then resolved
upon toying Hohoway ills, and fortunately he did, for
this superior medic!' e has effected a perfect cure. The
cough has cease he asthma is removed, and his respira-
tion is as as that of the healthiest person. Old
cough ent cold, wheezings on the chest, and shortness
Pf the breath, may also be !Tred by Holloway's Pills.

LATEST FOREIGN AND COLONIAL.

INDIA.

THE OVERLAND MAIL.

We have received by express from Marseilles our
despatches in anticipw ion of the overland mail which left
Bombay on the 24th ult.

India continued to enjoy the most perfect tranquillity,
and the monsoon was almost the only topic on which the
Indian newspapers could descant. This year the rains
have been later than usual in their arrival, but they had
fallen so copiously as to more than compensate for any
delay in their recurrence.
The expected collision between Sir C. Napier and Sir
Wm. Gomm nad come to pass. Sir W. Gomm arrived
in Calcutta from the Mauritius in the full belief that he
was to succeed Lord Gough as Commander-in-Chief, and
then only learnt that the commission he had anxiously
expected was recalled, and that his place had been
taken by Sir Charles Napier at least a month before. In
the meantime Sir C. Napier had not only been sworn in,
but had assumed all the duties of his station, and had set
off to Simlah, to take command of the army in the Punjab.
At Mooltan the breaches in the defences made during
the siege bad been completely repaired under the able su-
perintendence of Major Scott ; but very few of the native
merchants had returned, and a large proportion of the
houses were unoccupied.
In Peshawur a very different spirit prevailed. The peo-
ple had poured in from the country districts in such num-
bers, that it was said the population had doubled since the
occupation. The great heats had set in, but, although
the troops were still indifferently provided with quarters,
they were generally in good health. .
The utmost care was taken .throughout the Punjab to
protect the inhabitants against any exactions on the part
of the troops, and to establish the most complete relations
between the civil anc military powers. _

. .
The epecies of bastard rebellion set on foot by the re-
puted Appa Sahib seems to have been ail but forgotten.
The skirmish in which Major Onslow so unfortunately lost
his life seems to have entirely disconcerted the concocters
of the absurd enterprise.
The Bombay express portion of the London mail of the
7th of April reached Calcutta and Benares on the 12th of
May.
The mail of tae 25th of April reached Bombay by the
Honourable Company's steam frigate Feroze on the
morning of the 24th, Agra on the 30th, and Meerut,
Delhi and Calcutta on the 31st of May, by express. The
Peninsular and Oriental Company's steamer Haddington,
with the mail of the same date, reached Madras on the
30th of May and Calcutta on toe 4th of June.
The London mail of the 7th of May reached Bombay
by the Honourable Company's steamer. Ajdaha on the
morning of the 3rd of June. By express from Bombay it
reached Agra on the Sth, Delhi and Meerut on the 9th,
Madras on the morning of the 10th, and Calcutta at
midnight of the same date.
From Bombay the commercial advices were favourable.
Cotton goods were in good demand, at prices a little lower
than those which ruled at the close of the season. Yarn
was in demand, and held firmly at improved prices. A
large amount of business had been done in metals during
the month, chiefly on speculation, at reduced prices. Tin
plates, however, were wanted, and none in the market.
The markets were steady for woollens.
EXCHANGE.—There were no transactions to speak of by
the mail via" Madras of the 2d instant, but a fair business
has been done for the season by this opportunity. Her
Majesty's steamer Inflexible arrived from China on the
10th instant, bringing specie and a moderate amount of
the usual paper remittances, which readily found buyers
at Is. 101 d. to Is. 10N. The Peninsular Oriental Com-
pany's steamer Malta, which left China on the same day
with the regular mail and a further supply of bills, has not
yet made her appearance—much to the disappointment of
remitters, who have consequently been obliged to complete
their purchases at a somewhat lower figure. First class
local bills have been sold to-day at Is. 100., and Oriental
Bank bills at is. 10-1(1.
FREIGHTS.—A serious decline took place in freights soon
after the departure of the mail of the 20th ult., owing to
the large influx of tonnage—the high price of cotton also
tending to prevent shipments of that staple ; many vessels
in consequence have left this for Calcutta and elsewhere
seeking freight. Rates to England were at one time down
to £2 to £2 2s. Gd., and to China as low as 5 rs. ; but
within the last week there has been a reaction, and quota-
tions are now £2 10s. to £2 15s. to London and Liver-
pool, and 91 rs. to China.
Money had been plentiful during the month, and re-
mained easy.
The Calcutta Englishman reports :—The effects of the
commercial intelli-ence received by the mail of the 25th
of April, have been to relax the active inquiry which had
previously prevailed for most articles of country produce;
but so short a period having elapsed since the date of our
last report, and shipments having during the, past week
been partially suspended in consequence of the strike
amongst the hackcry-men on account of the new wheel-
tax, we have not much to record for the limited period
now under review.

The stock of indigo has been reduced to a few small
bazaar parcels, for which the holders require extravagant
and unattainable prices. Sugar has given way in value
2a. to 4a. per finaund. The demand for saltpetre has •
moderated, and the price of that article has also given
way about 2a. per maund. Rice attracts less attention.
The holders of safflower keep firm to their high require-
ments, to which some shippers have acceded. The demand
for raw silk has again revived, and some business has
been done in it during the past week. Silk piece goods
have been in less inquiry. Jute continues to be freely
shipped. Shell lac and lac dye are in somewhat diminished
request.
A better feeling has arisen in our import market in re-
gard to cotton goods, the market for which displays a more
lively aspect, but prices have not as yet revived. Man-
chester fabrics have sold freely at previous value. Male
twist has rallied a good deal, and sales of that yarn have
been on a larger scale than they had been for some time
previously. 50's and upwards are chiefly in demand at
improved prices, while 40's and lower counts are more
abundant, and, if anything, a little lower in value.
Coloured yarns are neglected. The sales of copper have
been small, but the market is firm. Iron is quiet. A
sale of 750 maunds of spelter is reported at rs. 8 10 per
fy. md.
The money-market remains without changes: Com-
pany's paper is stiil quoted at 4to 8 annas discount for .
New Fives ; 1 8 to 2 0 for Sicca ditto ; 14 to 14 8 per
Company's Fours ; 15 to 15 8 Sicca ditto.
Exchange remains at 1 101 per first class six months'
sight paper.
Freights have remained somewhat unsettled ; our quo-
tations are £4 10s. to £4 12s. 6d. sugar to London, and
£4 12s. 6d. to Liverpool ; £4 103. saltpetre to London and
Liverpool ; £4 12s. 6d. to £4 15s. rice to London, and
£4 15s. to Liverpool.