The Liverpool Standard, and General Advertiser.
Liverpool, Merseyside, England, 1854-08-29 00:00:00

Attention has lately been called to the approach-
ing reductions in the annual charge for the National
Debt, which will form no inconsiderable items in
the future expenditure, and, thereby, in some de-
gree, prove an assistance in future financial arrange-
ments. Within a few weeks the New Three-and-
a-Quarter per Cent. Stock will be reduced to Three
per cent., making a saving of £600,000 a year, and
in 1860 there will be a further saving of nearly
two millions annually, owing to the termination
of the Long Annuities ; while in 1867 the " dead
weight" annuity of £585,700, held by the Bank of
England, will cease. The total capital represented
by these sums is estimated at £130,000,000, from

which, in a few years' time, the National Debt will
be relieved, so that the prospect for the future is
encouraging, should nothing in the meanwhile
occur to cause a further addition to the public bur-
dens ; but we have the expenses of the war to
provide for, and the amount it is as yet impossible
to estimate.

In the Cotton manufacturing districts trade is
dull, influenced in some degree by the low price of
Cotton, arising from the large supply; but the
value of manufactured goods has been steadily
maintained, particularly of those suited for the
home market. In the Woollen districts trade is in
a much sounder position than it has been for some
time past, and though prices are still low, hopes
are entertained of a speedy improvement in this
respect. In the Lace and Hosiery trades there is
not much doing, but improvement is confidently
looked for as soon as the harvest has been got in.
The Corn trade presents evident signs of decline,
owing to the favourable weather for getting in the
harvest, and the general reports of abundance in
almost every quarter. There have been many falls
of rain, but they have been generally accompanied
with drying winds, and it is the opinion of agri-
culturists that they have proved no detriment
whatever to the condition of the crops. Holders,
however, are reluctant to sacrifice, and advantage
has been taken of every wet day to sustain prices,
but the attempt has not been successful, for with
very few exceptions the tendency has been perma-
nently downwards, notwithstanding the short sup-
plies. It is undeniable that a great part of the
Wheat crop in England has been well secured, and
every day is rescuing the remainder from hazard;;
while in most other corn-growing countries the
harvest has proved abundant in quantity, and
superior in quality. Under these circumstances, it
is impossible that 'the present rate of prices can be
long maintained, and some are of opinion 'that
Wheat will be lower than it has been for many
years past.
It will be seen .by the subjoined copy of a Trea-
sury Minute, dated 25th August, that the 'Lords
of the Treasury have conceded the point requested
with reference to the drawbacks for medium quali-
ties of refined Sugars. As the document has only
just been issued, we give it in extenso

" My lords have under their consideration memorials
from several sugar refiners, which represent the necessity
of fixing some intermediate drawbacks upon Refined Sugar,
other than those -contemplated and fixed by •tte Sugar
act of last session, -in consequence of the abolition of
refineryin bond ; and my lords refer to the provisions of
the act of parliament, which contemplates the introduction
of new drawbacks. Upon a full consideration-of the case,
and after communication with the trade and the customs'
authorities, my lords decide in the meantimelo allow the
rates of 15s. percwt. of drawback on Refined Stored Sugar,
and of Ils. per -cwt. on Bastard Sugars to remain, as
provided by the act; but they decide to introduce two
intermediate drawbacks, as applicable to -tie different
qualities of unstoved, crushed, or pounded Sugars, as
hereafter explained.
"The following will, therefore, be the drawbacks to be
paid oa Refined Sugars of the manufacture Of this country
upon-their being exported, or upon their being removed
to the Isle of Man, for consumption, subject, -however, to
the payment of the' island duty :
"L .Upon'Refined -Sugar in loaf, complete or whole, or
lumps duly refined, having been perfectly .clarified and
thoroughly dried in the • stove, and being of an uniform
whiteness throughout, for every hundred weight, 15s.
"2. Upon such Refined Sugar already described, if
pounded, crushed, or broken in a warehouse approved by
the Commissioners of Customs, such Sugar having been
there first inspected •by the officers of customs in lumps
or loaves, as if for immediate shipment, and-then packed
for exportation in the presence of such officers, and at the
expense of the exporter, for every hundred weight, 15s.
" 3. Upon Refined Sugar, unstoved, pounded, crushed
or broken, and not in any way inferior to .the export
standard sample No. 1, hereby approved by the Lords of
the Treasury, and which shall riot contain =ore than
5 per rent. moisture over and above what -the same
would contain, if thoroughly dried in the stove, for every
hundred weight, 14s. 3d.

" 4. Upon -Baitard or Reined Sugar unstoved, broken
in pieces, or being ground, powdered, or crushed, not in
way inferior to the export standard sample No. 2,
approved by the Lords of the Treasury, and which
shall not:contain more than c per cent moisture, over and
above what the same would contain, if thoroughly dried
in the stove, for every hundred weight, 13s. 3d.

5. Upon Bastard or Refined Sugar 1;e-i-n-g,-Iferior in

quality to•the said export standard sample N0.'2,10r every
hundred itveight, lls.
" Adverting, however, to "
biz ti

difficulty of administer-
o drawbacks_ and-to the

few ports'io which the refining .of Sugar is confined, my
lords thinkit necessary to limit, at least for the present,
the privilege of exporting Sugars•under drawback-to the
following -ports, viz. :—London, Liverpool, .Bristol,tGlas-
gow, and Greenock."

The retima from the Bank of England for the
week ending the 19th August, gives the following
results, when compared with the previous week
Public deposits ... £3,891,195; Increase £900,921

Other dePosi

10,380,618; Increase

Rest
On the other.side of the account—

3,450,375; Increase

226;719
11,959

Government securities £11,030.873; Increase e 350,380
Other securities ... 14,740,797; Increase 639,213
Notes unemployed ... 6,879,820; Increase 210,930
The amount ctfuotes in circulation is £20,122,135,
being a decrease of £41,575 ; and the •stock of
bullion in both departments is £13,701,292, show-
ing an increase of 2,139,471, when compared with the
preceding return.

DEPARTMENT

Notes issued ... £27,002;755 Governmt. Debt £11,015;100
+Other Securities 2,984,900
Gold coin & bu11'u.1.5,002,755
!Silver bullion ...

£27,002,155

£27,0(

BANKI3Nia

W:PARTAIENT,

- _
Prop. Capital ... 214,553,0001G0v. Securities £11,030,873
Xest 3,450,37.5Pther Securities 14,74007

Deposits 3,891,195 Notes 6,879,820
Other Deposits 10,380,618a01d & Silver Coin 698,537
Z-day & other bills 1,074,839

£33,350,0271

£33,350,027

011,2 SHARE MARX= has Inen very steady all
week, with an increased amount of business, and
the tendency of prices decidedly to advance. Mid-
land and Leeds have risen nearly isvo per cent. in
the week, and all other stocks have been in demand
at higher prices. London Stock alone is very
heavy, and is scarcely better than 102. The dealers
are offering to buy at high rates for next account.
The transactions of this day mark as follow :
Blackburn, 95 ; Caledonians, 311 21 ; East Lan-
cashire, 17 ; Lancashire and Yorkshire, 69-1 70 1 ;
London Stock, 102 1 1 ; Sheffield Stock, 231 ; Mid-
land Stock, 69 1 ; Berwick Capital Stock, 19 ;
Oswestry and Chester, 141 ; Shropshire Union, H.
and C., 31(1. ; South Eastern, 194 11-16 4 ; St.
Helen's H. and C., 5 per cent., pref., 99.
COTTON.—The market during the week has
been very dull, owing to the disinclination to pur-
chase, and holders being inclined to press sales.
Prices have consequently given way to the extent
of id. for middling, and id. for fair quality. The
sales of the week up to Friday amounted to 33,710
bales, of which 2,060 were taken on speculation,
and 4,450 for export, leaving 27,200 for the trade.
TO-DAY the advices per Canada were received, and
notwithstanding the intelligenceof fine weather for
the growing crop, holders were firm, and prices
were well maintained. The sales amounted to
8,000 bales, of whiCh about 1,500 were on specula-
tion and for export. The following is a =awl.