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

per cent., waling 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 tease. The total capital represented

by these sums is estimated at £130,000,4500, 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 detrimedt
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 mot been successful, for with
very few exceptions 'the tendency has been perma-
nently downwards motwithstanding the short sup-
plies. It is. undeniable that a great part of the

Wheat crop in England has been well secured, cnd
every day is rescuing the remainder from hazard ;
while in most ether 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 Aower than it has been for •many
years past.
It will be seen by the subjoined copy of u'lrrea-
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 nnde:

their consideration memorials

from several sugar refiners, which represent the 'necessity
of fixing some intermediate drawbacks upon Refined Sugar,
other than those econtemplated and fixed by the.f3ngar
act of last session, in consequence of the aboliticu of
refinery in bond ; and my lords refer to the provisions of
the act of parliament, which contemplates the introduction
of new drawbacks. Upou gb full cunaisicraticna of thz ca.e,
and after communication with the trade and the customs'
authorities, my lords decide in the meantime tor allow the

rates of 15s. percwt. of drawback on Refined Stored Sugar,
and of 11s. per cwt. on Bastard Sugars to remain, as
provided by the .act ; but they decide to introduce two
intermediate drawbacks, as applicable to the different
qualities of unstoved, crushed, or pounded Sugars, as
hereafter explained

The foll6wing Avill, therefore, be the drawbacks to be
paid on Refined Sugars of the manufacture of this caantry
upon their being •Exported, or upon their being removed
to the Isle of Man, for cdnstunption, subject, howerer, to

the payment of the..island duty :
"1. 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 hueps
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,fer every hundred weight, 15s.
" 3. Upon Refined Sugar, unstoved, pounded, crushed
or broken, and not in any way inferior to the export
standard sample N 0..)., hereby approved by the Lords •of
the Treasury, and which shall not contain more than
5 per cent. moisture _over and above what the same
would contain, if .thoroughly dried in the stove, for every,
hundred weight, .3,45. 3d.

" 4. Upon-BaAird or Refined Sugar unstoved, broken
in pieces, or being_ground, powdered, or crushed, not in,
any way inferior ~to the export standard sample No. 2,
hereby approved by the Lards cf the Treasury, and which
shall not contain inure than .5 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 being inferior in
quality to the said export standard sample No. 2, for every
hundred weight. 11w.

" Adverting, hower.er, to the. di faculty of administer-
ing the regulations 'in respect tG drawbacks, and to the
few ports to which the refining. of sugar is confined, my
lords think it necessary te limit, at-least for the present,
the privilege of exporting -Sugars, under drawback to the
following ports, viz.::.--London, Liverpool, Bristol, Glas-
gow, and Greenock."

The return from the Bank of England for the
week ending the 1911 August, gives the following
results, when compared with the previous week
Public deposits ... £3,891,195; Increase £900,921
Other deposits ... 10,380,618; Increaa 226,719
3.,t50,375; Increase 11,959

Rest
On the other side of the account--

Government securities £31,030,873, Increase £350,380
Other securities ... 14,740,797; Increase 639,213
Notes unemployed ... 6,€79;820; Increase 210,980
The amount of notes in circulation is £26,122,135,
being a decrease of £41,575 ; 'and the ,stock of
bullion in both departments is 213,701,292., show-
increaseof £139,471, wthen compared with the
prec3iing return.

ISSUE DEPAItTMVITT

tied ... £27,002,755 Govermt. Debt £11,015,100
(Other Soeurities -g,984,900
'Gold cols kbu11'n.13,00R,755
iSilver

£27,002,755

£27,002,7a5

BANKING DEPARTMENT,

Prop, Capdal £14,553,000 Gov. Securities £n,030,878
Rest .., 3,450,375 Other Securities 14,740,M

,
Publie Deposits 3891,1951N0tes 6,87900
Other Deposits 1.0,380,618:Gold & Silver Corm 698,67
7-day &ether bills 1,074,8391

883,350,0271

£31360,027

Our SHARE 311,1110 ET has been very steady all
week, with an inereased amount of business, and

_ -
the tendency of priees decidedly to advance. 'Mid-
land and Leeds have risen nearly two per cent. in
the week, and another 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 s 2 if ; East Lan-
cashire, 17 ; Lancashire and Yorkshire, 691 70 -} ;
London Stock, 102 ; Sheffield Stock, 231 ; Mid-
land Stock, 69 1 • Berwick Capital Stock, 19 ;
Oswestry and Chester,s 144 ; Shropshire Union, R.
and C., 3-Id. ; South Eastern, 19-2- 11-16 ; St.
Helen's R. 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 *d. 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 mtelligenceof 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 ciport, Tho tollonis is a 991nPUi•