should be paid up.—Mr. BOUVERIE said the object of
the provision was to adopt a test which would prevent
the formation of bubble companies.—Mr. CARDWELL
regretted that the Vice-President of the Board of Trade
felt bound to oppose the amendment. The real question
raised by it was the security given to the public by
the system of registration; and he was of opinion that
the registration gave sufficient security to the public.—
The amendment was withdrawn.—Mr. GURNEY then
moved that the amount of shares to be paid up should
be fifty instead of twenty per cent., which was negatived
without a division.—The other clauses having been
agreed to, on clause 7, Mr. CARDWELL said that the
question which had suggested itself to his mind was
what remedy any creditor was to have against any
shareholder in a company, and what was the practical
value of the register under the act. He begged, therefore,
to propose the omission of the clause, and the
substitution of the following:—"When a company has
obtained a certificate of limited liability, every person
having held a share in such company shall be liable to
pay the debts of the company to an amount equal to,
but not exceeding, the nominal value of the greatest
number of shares held by him at any one time within
one year of the date of the judgment or decree against
the company."—Sir. John Macgregor, Mr. Lowe, Mr.
A. Hastie, Mr. Bouverie, and Mr. Malins opposed the
amendment, which was supported by Mr. Mitchell and
Mr. Cairns.—Lord PALMERSTON said he should
certainly oppose the proposal, as tending very materially
to prevent the bill from having any practical effect. It
was one of those arrangements which would have the
effect of driving persons with small capital from
investing their money in such companies. He was
persuaded that these companies would in general be
composed of honest and prudent men, well able to look
after their own concerns; and, on the other hand, that
it would be the duty of those who dealt with them to
look after the concerns, and not to give credit beyond a
reasonable amount.—The committee divided—for the
original clause, 78; for the amendment, 15: majority
against the amendment, 63.

On Tuesday, July 31, Mr. F.SCULLY called attention
to the unsatisfactory state of the regulations regarding
the Transmission of Newspapers to the British Colonies,
the effect of which, he said, was very considerably to
increase the expense of English newspapers to subscribers
in Canada, Australia, and generally in the colonies.
—Mr. WILSON admitted that the recent regulations
were not working very satisfactorily, and the post-office
authorities were now engaged in revising them, with a
view to improvement.

The house went into a committee of supply. After
various miscellaneous votes, one of £10,000 for the
Discovery of the North-West Passage, £5,000 to Captain
M'Clure, and the other £5,000 to the other officers and
crew of the Investigator, was voted amid general approbation.

Sir C. WOOD then moved a vote of £800 for a
Monument to Sir John Franklin and his Crew. It
was proposed to erect the monument at Greenwich
hospital.—The vote was agreed to.

Sir C. WOOD then proposed the Supplemental
Estimates, for the Navy. One item was for hemp, which
was now supplied, he was glad to say, from Italy, and was
of superior quality. They had also an offer from Hungary.
Another item was for stores; but the principal item was
for the building of gun-boats. When the war began
we had not a single gunboat. Sir J. Graham built six,
which had been very useful in the Sea of Azoff. Other
vessels of a smaller size had also been built, and had
been of great use. Still the number was very inadequate.
About six or eight more had been built or bought. He
proposed to double that number, and they with their
machinery would cost about half a million.—On the
vote being proposed, Mr. FRENCH brought again under
the notice of the house the plans of Lord Dundonald,
to the practicability of which he said Sir C. Napier had
pledged his professional reputation.—Sir G. PECHELL
said he believed the plan would be more dangerous to
those who used it than to the enemy.—Captain SCOBELL
urged the construction of rafts with guns mounted on
them, such as were used with such success in the Black
Sea, and one hundred of which would not cost more
than a single gunboat.—Mr. LINDSAY was glad to hear
that the Admiralty had at last determined to build
gunboats, and hoped they would hear no more of such
large line-of-battle ships as the Marlborough.—Admiral
BERKELEY defended the large ships, which were
necessary, he said, if for no other purpose, to protect the
gunboats and floating batteries.—The vote was then
agreed to, as were the other votes in that department.

Sir C. WOOD then proposed a vote of a million-and-a-
half sterling for the Transport Service. They had
conveyed to the Crimea the Sardinian contingent; and
they had acceded to a proposal made in the most
generous manner by the French Emperor, who said,
"We as a great military nation are ready to furnish
troops, if you, a great naval nation, will furnish the
ships to convey them." They had moved a large number
of them accordingly, though the French had done
much that way themselves. Then they had moved
about 11,000 Turkish troops. He reminded the house
that it was quite necessary for the good of the service
to keep a large number of transports at the seat of war.
They had moved altogether, since the beginning of the
war, 246,000 men and 32,000 horses. He stated that,
with a view to economise the transport service, he had
determined to send an admiral to Balaklava, who should
have the whole transports there under his single control.
—Mr. H. BROWN recommended the government to
adopt the French system with regard to transports,
which was to pay the vessels for service, instead of for
time, and to give the captains a premium for making
the voyage within a given time.—The vote was agreed
to, as was the vote for the packet service.

The house then resumed, and the Turkish Loan Bill
was read a third time and passed amid general cheers.

The report on the Limited Liability Bill was received
without comment, and the bill was ordered to be read a
third time on Wednesday.

On the motion for going into committee on the Sale of
Beer Bill, the Marquis of BLANDFORD complained of
the haste with which it was hurried through, and
remarked that the evidence taken before the committee
was not complete. He thought some further inquiry
was necessary, and moved that the house resolve itself
into committee that day three months.—After some
discussion the amendment was negatived, and the
motion for going into committee carried by 62 to 10.
The bill then went through the committee.

On Wednesday, August 1, Mr. FERGUSON moved
that the house should go into committee on the Carlisle
Canonries Bill.—Mr. R. PHILLIMORE, alleging as a
ground the advanced period of the session, moved that
the house should go into committee that day three
months.—Lord JOHN MANNERS supported the
amendment.—Mr. Frewen, the Marquis of Blandford, and
Mr. Cowper, observing that it was doubtful whether
the machinery of the bill would effect the object
proposed, suggested the withdrawal of the bill.—Mr.
FITZROY moved the adjournment of the debate; but
lost his motion by 36 to 21.—Mr. Phillimore's amendment
was also negatived, and the house went into
committee; but the chairman, on the motion of Sir J.
Ferguson, instantly reported progress.

The house resumed the consideration of the clauses of
the Union of Contiguous Benefices Bill.—On clause 2,
the Marquis of BLANDFORD moved the omission of all
reference to the church building commission.—Mr.
HENLEY opposed and Sir JOHN PAKINGTON supported
the amendment; but before the question could be
decided, Mr. PELLATT moved that the chairman should
report progress. This was negatived by 62 to 12; and
the amendment carried without a division.—On clause
10, Mr. HENLEY complained that the clause would not
prevent the sale of graveyards, while it legalised the
sale of the sites of the churches.—In deference to
the generally expressed feeling of the house, Sir JOHN
PAKINGTON agreed to insert words to prevent the sale
of graveyards, and the sale of churches in which
interments have taken place, permitting the sale in cases
where there have been no interments.—On the motion
of the Marquis of BLANDFORD a clause was inserted
after clause 1, authorising her Majesty to appoint