SCOTLAND.
Mr. Wallace, the Member for Greenock, has declared to his constituents that " he has taken the usual measures for vacating his seat" in Parliament, on account of some recent attacks of severe indisposition. A Conservative candidate, not named, is thus announced—" A gentleman of moderate politics will come for- ward, whose attachment to the present Government may justly be expected to insure to the public works of the town,what the extreme politics of the Rite Member has hitherto denied us—a due share of the public patronage."
In expectation of a vacancy in the representation of the Elgin Burghs, two candidates have appeared in the field,—Mr. Duff of Haddo, who was a candidate in 1841, on the 'tory interest; and on the Liberal interest, Captain Granville Gower Loch, RN., son of -Mr. Loch, Member for the Wick Burghs.—Scotsman. On Saturday the 29th March, the Principal and Professors of the University of Edinburgh elected John Donaldson, Esq., to be Professor of the Theory of Music. We understand that there were in all fifteen candidates for the vacant chair; two of whom, however, Sir Henry Bishop and Mr. Muller, withdrew their names before the election. None of the other candidates were nominated.— Caledonian Mercury. The Scotsman announces that a movement is about to take place throughout Scotland against the continuance of University tests.
The principal features of the contemplated measures of Sir Robert Peel in re- ference to the Scottish banking system are said to be, that the existing hanks are to be limited to their present circulatiou ; and that they will be forced to keep an amount of gold equal to one-fifth of that circulation, with the option of having one-fourth of that fifth in silver; so that if a circulation of a Tank be ;00,0001, it must keep 40,0001. in sovereigns to meet the demands upon it, or AS 30,0001. in sovereigns and 10,0001. in silver. Any bank that exceeds its piesent circulation must have gold to meet every pound of such excess.—Cale-
literary.
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