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tonnage dues on sea-going vessels so frequently urged by their predecessors, were again brought before the government and Parliament. The Council strongly represented, that the improvement of the river between Quebec and Montreal was a public and not a local work—that, from the deepening of the channel, a much larger class of ships could now ascend to Montreal from sea, and that in consequence, the rates of freight inwards and outwards since the improvement had been made had gradually decreased, a result in which the producers and consumers of the country were alike interested. The Council are glad to be able to say that the government, by an act of last session, finally abolished all lake and river dues on shipping from sea, coming to Montreal, and assumed as a provincial debt the expense of deepening and improving the river and Lake St. Peter. A memorial, numerously signed by members of the Board, in reference to a custom which has prevailed at this port, of charging for every package taken to the examining warehouse, was placed before the Council, who, after a careful consideration of all the facts, concurred in opinion that the practice (which does not prevail at other ports) should be abolished. A memorial to this effect was forwarded to the finance minister, but no action has yet been taken thereon, and the Council would invite the attention of their successors to this matter. A bill having been introduced into Parliament, providing for a change in the law respecting the pilotage of vessels below Quebec, the Council, assisted by the Quebec Board of Trade, successfully opposed its obnoxious provisions. The Council, however, regret that notwithstanding their earnest representations to the government, on the necessity of a change being made in the system by which the pilots between Quebec and Montreal are now paid on the tonnage of the ship instead of by the draft of water, no notice whatever has been taken of the subject. The efforts made by the Trinity Board and the Harbor Commissioners have been attended with no better result. It must be remembered, that until a new system of remuneration shall compel pilots to become thoroughly acquainted with the new channel and improvements, the advantage of the large outlay on these works is to a great extent lost. From various facts brought before the attention of the Council, it is apparent that the returns of produce received by canal and river have been most imperfect; and the Council have urged on the commissioner of customs the necessity of obliging all vessels descending the river or canal, filing a duplicate manifest of all cargo at the canal office. The serious losses and inconvenience which resulted from the robbery of Canadian mails en route to the United States, induced the Council to open a correspondence with the post-office department, and to make some suggestions in reference to the future safe conduct of this most important service. They have also lately addressed the Postmaster-General on the subject of forwarding mails for New-York and Boston by the night express trains recently established, who concurred in opinion with the Council, that a great advantage would thereby be secured to the mercantile community; that he had entered into correspondence with the Postmaster-General of the United States on the subject, and that no ef. fort of his would be wanting to carry out the proposed arrangement. The advantages which resulted from the construction of the Grand Trunk Railway and from the Victoria Bridge to the commerce of the province, and particularly to the trade of Montreal, are annually made more apparent; and the import trade in dry goods, hardware and groceries have advantages from the railway for distribution of goods to all points that must more and more tend to make Montreal a place where stocks can be most profitably held. The Council, however, deem it their duty to notice the business arrangements of the company, under which produce and other property is carried from distant points in the United States to this place and to Portland at cheaper pro rata rates than the same produce and property is carried from one point in Canada to another. The Parliament, in granting the company an act of incorporation, no doubt intended that the produce of the people of Canada should at all times be carried at the same mileage as the produce or H.". of strangers. Whatever may be the rates which the Grand nk Company deem it necessary to charge for any service performed, let that charge be uniform, and paid by all its customers alike. Nor is it only from the cheaper rates at which produce is carried from foreign states that Canada trade suffers, for such has been the amount of the foreign freight on the road that the company have been unable to do even a small portion of the local produce trade. Although the efforts made last year by the Council of the Board in conjunction with the corporation of the city, the Grand Trunk Company and Harbor Commissioners were successful as to deciding on the best site for a passenger and local freight station for the Grand Trunk ComE. nothing has yet been done in their construction. This is much to e regretted, as it is difficult to estimate the loss to the company and to the trade of the city, arising out of the present means of transacting business at Point St. Charles. The Board being represented in the Harbor Commission, it is proper to state here, that the commissioners are pushing forward to completion the twenty feet channel at lowest water and lowest tide between this city and Quebec, and it is expected the same will be finished in 1863. In the harbor a channel from the foot of the Lachine Canal to opposite St. Helen's Island, of 300 feet wide and twenty feet deep at low water, is rapidly progressing and will probably be completed in 1863. A new wharf and basin, specially adapted for and capable of berthing three ocean steamers, is completed. Several deep water-berths for sailing vessels have been obtained by dredging below the island wharf, and a contract has been given out by the commissioners for the construction of a new wharf running down from the end of the Victoria Pier. This wharf will be made accessible to vessels drawing twenty feet at lowest water, and will accommodate about ten large ships. Extensive as these improvements may appear, the Council are of opinion that the increase of the trade of the port warrants their construction, and there can be no question that far greater outlay must yet be made, and important additional facilities be created, before all the advantages possessed by Montreal, as a receiving and distributing point, can be made apparent. The Council regret that no adequate measures have yet been adopted by government to enable the St. Lawrence route from the ... lakes to compete in cheapness with the route through the Erie Canal to NewYork and the New-England States. The means by which this desirable result might be accomplished have, since 1848, been constantly urged by this Board on the attention of the government, but hitherto without effect, and when it is considered that with our canals and railways completed, we fail to attract more than seven per cent. of the trade of Western Canada and the Western States down the St. Lawrence, and that ninetythree per cent. of that interior trade flows through the canals and over the rail-roads of New-York, such a statement ought to command the attention of the country. Although the receipts at Montreal of flour, wheat, peas, corn, barley and oats have increased from equal to 3,793,907 bushels in 1859, to 6,558,245 in 1860; yet at New-York, equal to 52,787,190 bushels were received in 1860, against 28,224,340 in 1859, showing a larger proportionate increase, and indicating the magnitude of that business we have the opportunity to share. In view of these facts the Council are of opinion that without an enlargement of the Welland Canal, and the construction of a canal into Lake Champlain, as so often urged by the Board, the trade of Western Canada and the Western States must continue to flow as now through American channels, leaving our Canadian canals and railways comparatively deserted, and consequently unremunerative, while the interest in the capital invested in these public works has to be paid by excessive duties on imports. The Council refer to this important matter because they desire to express their decided belief, that with the navigation improved and perfected, and the facilities for water power at Montreal developed, this port would control an enormous trade in western produce as the most advantageous point for distribution, with reference to either home consumption or foreign demand, while the cheap return tonnage furnished would greatly benefit the St. Lawrence as a competing route for imports to the Western States, The subject of a bankrupt law will probably engage the attention of the legislature at its present sitting, and this important question should at once receive the attention of the Board. The Council are, however, strongly of opinion that any such act should apply to both sections of the lo that it should be very simple in its provisions, defining clearly what are acts of insolvency, affording speedy and inexpensive means for creditors becoming possessed of the debtors' effects; and while protecting the honest, should provide means of signally punishing the fraudulent trader. Numerously signed memorials having been presented to the Council, asking for certain alterations of the constitution, and for an improvement in the efficiency of the Board of Arbitration, the matter was placed in the hands of a committee, who reported in favor of a new by-law extending the period of voting for office-bearers and making other suggestions which were prepared to be laid before the last quarterly meeting, but which, in consequence of there being no quorum, must now be laid before the annual meeting. The retiring Council recommend to their successors' attention the question of securing inspection of grain at this port, and they would also urge the importance of a Port Warden's office being created, whose duties would be the survey of vessels in loading and discharging, under such regulations as might be found in the custom of other ports; there can be no doubt that rates of insurance by the St. Lawrence might be thereby considerably reduced. John YouNg, President. Montreal, 23d March, 1861.

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I. Suers AM River. II. Turk's Islax D. III. Fixed IRED Ligiit AT KATAkolo, (west coast or Tue MoR.E.A.) IV. AccANADA Island, (EAst coast of MAJoacA.) W. Coku NA, (SPAIN.)

The following information is communicated through the Light-House Board at Washington for the information of merchants:

1. Light-Wessel off mouth of Surinam River.—Official information has been received, through the Department of State, that the light-ship moored off the mouth of Surinam River is to be anchored in a different position on the first of April, 1861, as follows: In place of being anchored outside of the buoys, (there being three,) it is to be placed at the second, in sixteen feet water, low tide, Bram's Point bearing south 46° east. The burnt bush, south 81° east. The outer buoy, north 4° west.

The light is white, and can be seen about eight miles in clear weather.

According to former advice, vessels making land to the windward, in the night, will do well to anchor till daylight.

2. Light-House at Turk's Island.—Official information has been received, through the Department of State, that a light-house has been erected on the north point of Grand Turk Island, showing a white light, revolving every 27 seconds, with a continued dim light between intervals of the strong flashes. The tower is 60 feet in height, painted white, and is situated 400 yards S. 50° W. of the extremity of the point, with a focal plane elevated 110 feet above the mean level of the sea. The position of the light is, latitude 21° 32' north. Longitude 71° 7' 40" west. The light is visible from all points, except where it is eclipsed by the Cays lying to the southward of the Grand Turk. The fixed part of the light will, under favorable conditions of atmosphere, be visible from a height of 10 feet above the level of the sea at a distance of 7 nautical miles, whilst the flash will be visible 15 nautical miles. Directions.—Wessels running for the Turk's Island passage from the northward must endeavor to make the light on a bearing to the westward of south, as its range does not extend sufficiently far to guard against the dangers lying off Cape Comete, East Caicos. A reef runs off from the north point of Grand Turk. Its extreme bears from the light N. E., (magnetic,) distant three miles, and from thence extends southerly, and runs parallel with the east side of the Cay at the distance of two miles; and, consequently, vessels, on making the light between the bearings of S. W. and W. should (if intending to take the Turk's Island passage) be careful to avoid that danger. On the bearing of south the light may be safely approached to within two miles, and have the passage open. This light cannot be seen from the dangers at the southern entrance of Turk's Island passage.

resolution, Mr. Puelps said it would be observed that he had taken no notice of the officers; but his principal object was that notice should be taken of the soldiers, without whose cheerful acquiescence in the wishes of the officers it would have been impossible that so much honor should have been reflected upon our flag in the manner in which it was surrendered. Another reason was, that the soldiers in the service of our country, republican and democratic as it is, have a less opportunity for distinction open to them than the soldiers of any other country in the world. Our officers were always called from the higher classes of society, and educated at public expense. There were few instances wherein a soldier in the regular army rose to the distinction of an officer. A different state of things exists in the French and English armies, where brave men were taken out of the ranks, rewarded with promotion and decorated by their sovereigns. Reward in our service was made only through an act of Congress, which was a cumbersome mode. He knew there was a deep sympathy felt by the merchants and every class of people in the country with the soldiers, and when conduct like that of the garrison of Fort Sumter, who stood at their posts when there was almost a forlorn hope, and who, when the national flag was stricken down, brought it tenderly in their arms, as it were, to this city, he thought something should be done to reward them. He made a distinction between the men and the officers, not because he wished to disparage the conduct of the latter, but because while the officers had received many attentions which showed that their services were appreciated, the men had not; therefore he hoped the resolution would be adopted without the amendment, and that the style and price of the medals would be left entirely to the judgment of the Executive Committee.

Mr. George W. Blunt seconded the resolution, moving an amendment that the garrison of Fort Pickens, which was under command of Lieutenant SLEMMER, be added to the list.

Mr. George OPDyke thought it would be an indirect censure upon the officers to leave them out, and he moved that they be included. This suggestion was accepted by Mr. BLUNT.

Mr. Phelps was sorry, he said, to be compelled to object to the amendment. He saw no good reason to include the command of Lieut. SLEMMER, particularly as it would destroy the distinctive point which he wished to establish in rewarding the garrison of Fort Sumter. The defence of Fort Sumter, and the attention which that garrison attracted from the people of the United States, required some special recognition. It was the first firing upon any important post at the flag of their country, by our very mistaken and very rash brethren at the South.

That act produced such a revolution in sentiment as had never before been experienced in this country. It had united men of the North who had different party preferences, and brought them to the sustainment of the government in its efforts to put down this rebellion at the South. It was the gallant conduct of that garrison which produced that result. Fort Sumter was spoken of all over the world. From there went forth the electric spark which was to save the honor of the constitution; and he wanted to confine his motion specially to Fort Sumter on that account. He hoped Mr. Blunt would withdraw his amendment.

Mr. Denning Duer said he hoped it would not be withdrawn, for if it should be, he would renew it.

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