The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-06-27 00:00:00

LATEST INTELLIGENCE.
(13Y EXPRESS.)

IMPORTANT TO BIRKENHEAD.

BIRKENHEAD DOCKS COMPLETION BILLS.

PROCEEDINGS YESTERDAY.- DECISION OF
THE COMMITTEE.

The Bill for Transferring the Powers of the Commis-
sioners to other parties, pursuant to adjournment went
again before the Select Committee of the House of Com-
mons on Monday (yesterday). The selected members
present were—Lord C. Wellesley, (chairman), Admiral
Bowles, Mr. Duncan, Mr. Forster, and Sir George
Strickland. The local members present were—Sir Thos.
Birch, Mr. Cardwell and Mr. Tollemache. The counsel
present were—Mr. Hope and Mr. Goldsmidt for the pro-
moters, and Mr. Johnson for some of the frontagers.
The Chairman and Solicitor of the Liverpool Dock Trus-
tees were also in attendance.
Mr. GOLDSMIDT said he was now in a condition to
state to the Committee the nature of the Bill as it had
been agreed to by all parties, the Commissioners, the
Landowners, and the Crown, which had withdrawn all
objection to the measure. The arrangement with the
Crown for the advance of a certain sum of money to com-
plete the works, having been negatived by the Committee
it was no longer proposed, by the Crown, to have any
power with regard to the nomination of trustees. When
the Committee last met, it would be recollected that the
Crown desired to retain some power in this respect ; but
they had since waived their proposal. It was now pro-
posed therefore that the new Trust should be thus
constituted —to be elected by the Landholders 6,
by the Birkenhead Commissioners 4, and by the
Wallasey Commissioners 3, making thirteen in the
whole. It was further proposed that not more than four
directors of the Dock Company, and of the Railway Com-
pany, in order to avoid any preponderating influence upon
their part, should be capable of being elected trustees at
one time. It was also proposed that the meetings shouk:
be held at Birkenhead, unless specially called elsewhere,
and then they might be held in London. As the bond-
holders, and probably the parties nominated by them,
were not likely to be resident at Birkenhead or Wallasey,
it was further proposed that the trustees should be
at liberty to vote by proxy ; but the chairman and
deputy chairman were always to be resident at Birkenhead,
or Wallasey. Then, as the Commissioners consented to
these arrangements, and gave up. so far, the power which
they had hitherto had, it was proposed to introduce a
clause indemnifying them from the liabilities they might
have incurred by advancing monies in the wav of loans to
the Improvement Commissioners of Birkenhead .and the
Dock Commissioners. The trustees named in the bill
were to remain in office until August, 1851, and then the
bondholders, the inhabitants of Birkenhead, and the in-
habitants of Wallasey would each elect their set of trustees.
It was also proposed, and it had been assented to at the
last meeting of the committee, that, as the arrangement
with the crown had been negatived, and as there were not
sufficient funds to carry on the works, preferential bonds
should be issued, with the consent of a meeting of the
bondholders, to be called for that purpose to the extent of
£50,000. The scale of voting by the bondholders at the
meeting for the election of trustees and other purposes
was to be the same as that adopted by railway companies
generally under the Companies Clauses Consolidation
Act. These were the main features of the bill as now
altered. There was, however, another matter which it
would be important to mention, as it had often been re-
ferred to in the course of the investigation. It was pro-
posed that the level in the Pool should be kept up to
thirteen feet, unless where otherwise directed by the con-
servators of the River Mersey. This being the present
state of the bill, he had the satisfaction of informing the
committee that there had been a meeting of the bond-
holders at which these several arrangements had been
approved of, and the bill not being objected to by any
party, and being assented to by the crown, he trusted it
would now receive the final assent of the committee.
The CHAIRMAN requested that the Committee might
be furnished with copies of the bill in its present shape.
This having been done,
Mr. GOLDSMIDT said the noble lord would remember
that at the last meeting two alterations in the preamble
had been objected to on the part of the crown. One was
to the omission of the recital that it was of great public
importance, that the sea wall and other outer works should
be completed without delay. This was retained, and the
preamble now stood, in this respect, as originally proposed.
The other alteration referred to, was the withdrawal of
the control of the crown, in consequence of the money ar-
rangements with the crown having failed. This was as-
sented to.

The CHAIRMAN.—The Crown, then, has no ob-
jection to those alterations ?
Mr. GOLDSMIDT.—No, my lord.

Mr. iillßEßTON.—Tlierimay be some verbal altera-
tions on matters of detail to be made in some of the
clauses.

Mr. GOLDSMIDT.—Just so; but to the preamble there
is no objection, and I trust the committee will now de-
clare it proved.
After a short consultation, the Committee_declared the
preamble proved.
The clauses were then proceeded with. Several of
them occasioned some dissension, but eventually they
were all passed; and the bill was ordered to be reported
to the house.

MONEY MARKET-YESTERDAY.

The greatest excitement is caused in the city by the extraor-
dinary intelligence from Paris. The effect on the Stock Ex-
change was to depress the funds. Consols declined to 821 to 3,
and it is matter of general surprise that the fall was not more
considerable. They have now recovered to 831 to 1 for the
opening. Reduced Threes are 83i to I. Three-and-a-Quarter
per Cents., 844 to J. Exchequer Bills, 38s. to 41s. premium.
Bank Stock, 189 to 191. We have had some brisk sellers of
Consols this morning on speculation.

LONDON CORN MARKET.-YESTERDAY.

Our market was to!erably well supplied with English Wheat
this morning by land. carriage samples from the near counties,
and the supply was, for the most part, cleared off at an early
hour, at prices fully equal to those of last Monday. Fresh par-
cels of Foreign Wheat also realised quite as much money, but
the inferior qualities were neglected. So little English Barley
appears at market,that quotations must be considered quite no-
minal. Of Foreign, the arrivals have been large, but at a reduc-
tion of Is. to 2s. per qr. upon last Monday's rates. There was an
extensive sale this morning. The receipts foreign oats
have again been considerable, viz., 40,000 qrs. Eor really fine
horse corn, previous quotations were aboutmaintained, but for
inferior and ill-conditioned samples a further reduction of is.
per quarter had to be submitted to, at which there was a tole-
rably free sale. Peas without alteration, and beans the turn
cheaper.

SMITHFIELD CATTLE MARKET.—YESTER DAY.
We have not quite so large a supply of Beasts to-day; some
of the choicest qualities are therefore sold dearer than on Fri-
day. There is an increased supply of Sheep and Lambs. The
weather being good, the demand is rather larger for the former,
although it is difficult to obtain any advance in price ; for the
latter trade is exceedingly dull, and a great many of middling
quality remain unsold. There is rather more inquiry for good
Calves; prices are, however, very little better. Trade is more
brisk for Pigs.