The Cuaraaay, in commencing the proceedings, said the business to be brought before the Chamber was somewhat of a routine character, - presenting scarcely any features of more than ordinary interest. tee had been for seme time past in the hands of the members, and it was to be regretted that it had not been possible to chronicle some more useful and tangible results, He thought matters were now, however, evincing an improvement from which' a hopeful augury aa to the future might be drawn though the day seemed still remote when treaty rights should be so far recognised observed, as to enable foreign goods to reach distant places in the interior of the country, without those obstructions and exactions which now rendered the transit regulations almost a turco. At the same time he might allude to another very grave fact,—the deteriorating quality of much of the goods sent out to China from Manchester, as being specially a further source of loss to the importer, anyone which might yet react in a very upon theindustey of Laseas had, on the other hand, been directed to great success which had attended the institution of large spinning and weaving establishments Shangh development of such establii ments in this part of the world would be of the very highest importance in the progress of commerce, and was certainly of the possibilities of the "future, Another subject that demanded continued attention, was the condition of the Woosung Bar'; as regarded that subject, it was matter for regret that no actual' result could as yet be reported as having been obtained. Nevertheless, he had reason to believe that the zatter was not nearly so hopeless as it had hitherto seemed, and that the representations of the Ministers at Peking had had some effect with the officials at the Teungli Yamen 0, in fact, that a member of the Chamber who was at Peking about two months ago, had been told by Mr. Hart that the Chinese authorities intended to proceed with the dredging of the Bar, and that it was merely question of ways and means. He (the Chinirman) was sure that the action taken by the Ministers at Peking on that primary subject, coupled with the result he had just stated as having been so far obtained, would be regarded as a source of con: gratulation by the Chamber, That body had sometimes shown that it could animadvert on occasion upon the supineness of Ministers at Peking, but it was nevertheless equally ready to offer congragulations. While expressing satisfaction in recording the efforts of Mr. Wade in the case of the Woosung Bar, there was another matier allied to in the report of the Committee, to which he (the Chairman) might draw the attention of the Chamber, and in regard to which the name of Mr. Wade had been brought prominently forward. The matter alluded to was the Formosan difficulty. It would be remembered that one of the local journals, which was generally considered a faithful exponent of public opinion in Shanghai, published a leading article shortly after the settlement of the Formosa dispute, ich he (the Chairman) thought did not fair critique on Mr. Wade's action in that matter, for he believed that in Shanghai there would be found but one opinion respecting the course then taken by Mr. Wade. (Applause). They believed that he had successfully mediated between the two nations, not only in the cause of humanity, but that he had also, by the course he had taken, promoted the true interests of legitimate commerce. (Applause.) In conclusion, the Chairman moved the first resolution—
That the Report as presented be passed.
Mr. Harr seconded the motion, and it was carried unanimously.
Text read from the printed page and cleaned; old type leaves the occasional error.