2. And it is hereby enacted, That, from and after the said day, all goods exported on foreign bottoms by sea, from any port of the said Presidencies, shall be charged only with the same rates of duty as such goods would now by law be charged with, if such goods were exported from any of the said ports on British bottoms, anything in any act of the Council of India contained to the contrary notwithstanding.

3. And it is hereby enacted, That, from and after the said day, no duty shall be charged on any goods lawfully carried from any port in the territories subject to the Government of the East India Company, to any other port in the said territories, anything in any act of the Council of India contained to the contrary notwithstanding.

4. Provided, always, That nothing in this act contained shall apply to the articles of salt or opium.

NAUTICAL INTELLIGENCE.

"MAURY'S WIND AND CURRENT CHART."

NATIONAL OBSERVATORY, WASHINGTON, May 30th, 1848.

DEAR SIR:-Please to correct a typographical error in the sailing directions published in the May No. of your Magazine for the new route on the Wind and Current Chart to the Equator.

Vessels bound south of the Equator from the Capes of the Delaware, New York, or Boston, should pass to the EASTWARD and not to the "westward" of Bermuda, as is there printed.

Vessels from any port north of Baltimore, which have the "wind and current" charts on board, are recommended, particularly during the summer months, to make the best of their way to the parallel of 20° N., between the meridians of 42° and 47° W. Thence they should aim to cross the Line in about 30° W. The south-east trades hold more to the south in the summer than they do in any other season of the year. If, after crossing 10° N., the wind should come out ahead, then take that tack which will give the most southing, and enable the ship to cross 5° N., between 29° and 33° W.; and thence the course should be shaped so as to clear Cape St. Augustine. Should the wind not admit of this course, stand boldly on, trusting to chances for a slant of wind, till the land is seen, and bearing in mind that if at best you are compelled to beat, which may occasionally be the case, it is better to beat south of the Line, where you are always sure of finding a good working breeze, than it is to contend against the baffling winds and calms which prevail to the north of the Equator, and about the region where the north-east and south-east trades meet, particularly to the east of 25° W. The Equatorial “doldrums” are seldom found west of 28°. Respectfully, &c., M. F. MAURY.

FREEMAN HUNT, Esq., Editor Merchants' Magazine.

PORT OF HARTLEPOOL.-LIGHT ON THE HEUGH.

FIRST EXHIBITED ON 1ST OCTOBER, 1847.

Lat. 54° 41' 51" N. Lon. 1° 10′ 19′′ W. of Greenwich.

The light bears by compass, from Souter Point, on the coast of Durham, S. W. distant 17 sea miles; and from Staiths Old Nab, on the Yorkshire coast, N. W. by W. distant 16 sea miles, and is seen at any place along the coast within these points, and seaward, in clear weather, at a distance of 15 miles, the light being of the first order, and at an elevation of 84 feet above the level of high water, spring tides.

There is also seen from the same tower, at night, (underneath the principal light,) from half flood to half ebb, a tidal light of a red color, which is visible to the eye within the limits of four miles, but beyond that distance it blends with the main light, rendering it indistinct. During the day, at half flood, a red ball is hoisted to the top of the mast on the tower, where it remains until half ebb.

The stationary red light on the Pier Head of the Old Harbor is shown as heretofore; and there are two red lights on the Quay wall of the Inner Harbor, which are seen in one from the bar, for the guidance of vessels entering.

The fixed green light on the North Pier Head of the West Harbor is exhibited from sunset to sunrise, and the two red lights seen in one, bearing N. W. N., direct the course into the harbor.

SAILING DIRECTIONS FOR THE PORT OF HARTLEPOOL.

Vessels bound to the port in gales of wind from N. or N. E., when pilots cannot be obtained, should attend strictly to the following: A large buoy is situated off the southern extremity of the Heugh, known as the "Buoy of the Stone," moored in 22 feet low wa ter of spring tides, and which has an iron wicker ball and staff. The Heugh light bearing therefrom, by compass, N. E. distant one-third of a mile; the red light on the Pier Head of the Old Harbor, N. W. W. four-tenths of a mile; and the green light on the North Pier Head of the West Harbor, W. by N. N. eight-tenths of a mile.

Before bearing away, let the tide be flowed to about last quarter flood, carrying a smart canvass on the vessel, particularly (if possible) her after sails. Pass close to the buoy above described, leaving it on the starboard hand; if bound for the Old Harbor, the course will be N. W. by W. W., with the Pier light about one point open on the starboard bow, when the beacon, colored black, with a wicker hall and vane, is visible on the same hand: nearly right ahead is another black buoy, with ball and staff, for which steer till the Pier light just opens to the westward of the beacon; a mid-channel course between this and the black buoy with the ball will lead to where a pilot can board the vessel. At this time the two red lights on the quay wall will be seen in one, N. by W., which leads to the entrance to the Inner Harbor.

A moveable staff, carrying a flag, is attached to the Light-House on the Pier, which, in cases when found necessary, will be inclined to either hand to which it is requisite for the vessel to be steered, and will be kept perpendicular when the course is right. In cases of danger a black ball (only) will be exhibited at the top of the staff.

For ships bound to the West Harbor, the course from the buoy of the Stone to the Fairway Red Buoy is west, a little more than half a mile, leaving a chequered red and white buoy on the starboard hand, then from the Fairway Buoy, N. W. 4 N., with the two red lights in one, leaving the black buoys on the starboard, and the white buoys on the port hand.

A moveable flag staff is placed on the South Pier for exhibiting similar signals as at the Old Harbor.

If at any time the Buoy of the Stone should have gone adrift, or is not able to be made out when rounding the Heugh, the tall chimney of the Foundry at Middleton, bearing N. W., in a line with the Pier light at the Old Harbor, will clear the danger; and no vessel, if possible, with the wind N. or N. E., ought to pass further to the southward than these marks describe.

On entering the bay from the southward and eastward, the Longscar Ridge is to be avoided by noticing off the eastern extremity a large plain black buoy, moored in 22 feet low water of spring tides, the Heugh light bearing therefrom, by compass N. E., distant a little more than one mile.

Seaton High, or Tees Upper Light, bears W. S., open to the north of Carr-house, the Pier light at the Old Harbor, N. by W. W., and the West Harbor Pier light N. W. † N., the buoy having been cleared, either harbor may be taken by the instructions that have been given.

MAURY'S NEW ROUTE TO RIO AND BACK.

We learn from the Baltimore American that the barque W. H. D. C. Wright, of this port, has made the round voyage to Rio and back, including ten days' detention at Rio, in eighty-five days. She is believed to be the first vessel that has tried the new route proposed by Lieut. Maury, of the U. S. Navy, on his "wind and current" charts. She passed to the southward of Bermuda, and made the passage to Rio in thirty-eight days, following the great circle and crossing the line 24th day out, in lon. 31° W. The discovery, by Lieut. Maury, of a region of better winds along the great circle to Rio is a most important one; for the passage to Rio, China, and all places south of the Equator is shortened some ten to fifteen days. No vessel should go to sea without these charts. We understand they will be given to any navigator who will send the track of his vessel, with a record of the winds and currents, to the Observatory, at Washington; and who, upon application to that office, will be supplied with the charts, sailing directions, &c.

COAST AND ISLANDS AT MAGDALENA BAY.

Captain Montgomery, of the U. S. ship Portsmouth, states that the Coast and Islands at Magdalena Bay, Lower California, are placed from 15 to 40 miles too far to the castward on all the charts now in general use. H. B. M. frigate Herald and brig Pandora are now engaged in a new survey of the Gulf and Coast of California.

JOURNAL OF BANKING, CURRENCY AND FINANCE.

THE BANK OF FRANCE SINCE THE REVOLUTION.

STATE OF THE BANK OF FRANCE UP TO MAY, with the CORRESPONDING ITEMS OF THE PRE

REVENUE OF THE ISLAND OF CEYLON.

The revenue of the island of Ceylon for 1846 amounted to £392,774, and the expenditure to £392.625, leaving a surplus of only £149. The revenue for 1847 was £421,651, and the expenditure £418,133, leaving a surplus of £3,518. The revenue of the island, on an average of six years ending with 1845, was £378,429 16s. 9d., and the expenditure £346,515 19s. 1d. Surplus £31,913 15s. 1d. The revenue on an average of eight years ending with 1847, was £440,715, and the expenditure £412,836, leaving a surplus

of £27,879. It further appears from the quarterly returns of the treasury sent home by the local treasurer, that the balances in the hands of the public accountants were, on the 31st of Dec., 1845, £210,380, and on the 31st of March, 1846, £207,878. The principal sources of revenue in Ceylon are derived from sea customs, namely: export duty on cinna mon, £20,453; do. on other articles, £12,108; import duty on rice and paddy, £75,111; do. on other articles of food, £5,812; do. on other articles not used as food, £30.973; assessment on lands growing rice and paddy, £41.262; do. on other grain, £6,025; do. on arrack, wine, and spirits, £61,518; salt, £36,160; sale of lands, £37,946; stamps, £22,342; tolls, £29,934. All other sources of revenue, £59,378. The committee recently appointed for the review and consideration of the colonial reports on the finance and commerce of the island, have reported the gratifying intelligence that the Government may count on a large accumulated fund, actually in hand, and on a considerable annual surplus.

DIVIDENDS OF THE BOSTON BANKS IN 1845, 1846, 1847, AND 1848.

DIVIDENDS OF THE BANKS IN NEW YORK IN 1847 AND 1848.

THE BANKS OF RHODE ISLAND IN 1845, 1846, AND 1848.

The circulation of the Rhode Island banks is only 25 per cent of their capital, whereas the average circulation of the banks throughout the Union, is 60 per cent upon their capital. From these tables it will be seen that bank circulation bears no uniform proportion to bank capital. The former predominates in the grain growing States, namely, Ohio, Indiana, Missouri, Kentucky, and Pennsylvania; in all which the circulation is nearly equal to, or exceeding, their capital.