The Sun. — London, England, 1822-07-08 00:00:00

FOREIGN INTRI,I4IC,AJJ:NCE. P.l;, JuiY 4;L-'The King pre - sided . yester day 'at St; Cloud,.'fit h . Council' of Ministers: Tuesday evening his Majesty transacted business with the Viscount de Montmorency, Nlinister for .Foreign Affairs. According to the Echo du Midi Of the. 2:43th ult. a column of Spanish insurgents, 5,000 strong, had entered Puycerda. The Journal de Toulouse gives the following extract of a letter .from the .above town, dated the 23d ult. :'----" We are in the greatest consternation, expecting to see OUT town occupied by the Insurgents, who have seized the fort of Seo d'Urgel. We are determined to take refuge in France. 'lt is said that the Monk of La Trappe has a great number of Swiss in his army." The Echo also states, that General Poll, Av ho was shut up in one of the forts of Seo d'Urgel, had been delivered by the Royalists; it' is be lieved that he will put limself at the head of.the Army of the Faith. A letter from Bayonne of the 27th ult., says, " In consequence of a pro jected rising' at Azpectia, -17 men, 4 of them curates, disembarked yesterday at Socoa, coming from Guetany. This new band was beaten and dispersed the same day. Quesada, it is said, re= mains with the Apostolic Junta, at a village on the extreme frontier of France. Horses, arms, ammunition, &c. set out daily from St. Jean Pied de Port, for that destination. A conspiracy was set on foot by Quesada, for the purpose of seizing Pampeluna and St. Sebastian,_ but which had" been discovered by Sanchez Salvador,"—;A. letter from Rochefort states, that there had been sent 'from that place and Rochelle several chests of ,muskets, Aste.- destined • for Bayonne.—(Journad de Paris.) Letters from New York, which arrived yes .terday, announce the death of General Lefebvre Desnouette; he was proceeding to England, 'under the name of Chabert, on board an Ame rican packet.- In consequence of a hurricane, the General and 30 other passengers, including one of his nephews, perished; - the crew alone were saved.—(Journal des Debuts.) If we may believe some letters from' Vienna, which arrived on Tuesday, the place where the next Congress is to be held is not yet fixed upon. The Emperor of Russia, it is , said, did not appear disposed to-proceed thither in persOn, having an -pounced his: intention of not quitting- his capital. --7(Constitutionnel.) PARIS, JULY s.—Since the publication made by the secret tribunal of the butchers, the Pari- sians have been in hopes of causing the .A.dminis tration. to take measures respecting this essential artiele of their subsistence. We believe we may ..assure them that their hopes "will not be deceived, _and we are certain that, previous to'.any public discussion upon the subject, his. Excellency the Minister of the Interior had referred to the Pre -feet of Police a: memorial and a project, having for their object to reduce the profit of' the but - i:hers, so that it may.beara reasonable proportion •to the price at which they purchase meat in the . markets. We have therefore no doubt. that au ...anthority, as provident as paternal, .will adopt the necessary . measures .to obtain every possible ....amelioration respecting an object which 'so evi ..deutly connects - itself with the public we lfare.— .(Journal des Debgts.) . • (EXTRACT OF A PRIVATE LETTER.} VENIcE, JUNE 20.—Recent letters from Corfu furnish the - following details.:— Chourschid Pacha, at the head of 30,000 Ottomans, made war upon the Souliotes. All the combats which have taken place have been uniformly to the advantage of the brave'Sou hotes ; the latter having quitted their mountains, .precipitated themselves .in the -night on the camp of the whom they killed 6,000, took 700 prisoners, and carried off a great quantity of provisions. " Possares,. one of.the Chiefs of the Souliotes,: came lately,tn the.Peloponnesus to request a reinforcement from the Govern ment of that Peninsula. Re went away with 6,000 Pelopernne-, 'signs—according to . some to. reinforce the.small number of his: • awn, and accrrdinc , to.others to besiege Arta. • . " Six Greek : vesselst besiege Prevesa, of Which the landen trance alone is open to Chourschid.- These, vessels prevent Aus tris.nand English merchant ships. from bringing provisions. ," In Peloponnesus affairs are every day improving. The Government of that Peninsula has coined to the amount of ' 6,00,000 piastres. On one side of the coins, i the,_ figure of. .Minerva and on the other the Cross. The s a me Go ver n men t has declared all the Turkish ports in -a state of -blockade. It is in .virtue of that declaration that an Austrian vessel laden with provisions, and proceeding to Patras, was detained and confiscated. In consequence of this circumstance the Austrian Government the day before yesterday prohibited all the mer chants of Trieste from henceforth sending provisions to the Turkish ports. . -":General Normand has quitted Peloponnesus ; at the head of ,10 ; 000 Hellenists, and marched on Zeitouni, where the Greeks arc triumphing. .. • " The Turkish sleet is at Tschemai, opposite Selo, between the Greek and the French fleets. It. is said that the French claim of the Turks the amount of 411 the losses sustained by their merchants, in consequence of the satastrophe at Scio and the disturbances at Smyrna. " Although tht - general opinion is for peace, letters from Odessa,`-worthy of credit, assure us that war will take place between' Russia. and the Porte. . "' We learn to-day that Napoli de Romania has surrendered to the Cheeks. " At the moment of sealing my letter, -I learn from my bro ther at Trieste, tliat one of the eighteen Scintes hung at Con ' stantinople took refuge in the house of the English".AmbaSsa dor•; and that, -in spite of the earnest remonstrances of the latter, the Greek. was forced from the hotel of the. ,Embassy, and hung-at the gate. .".The Porte has. appointed two iospodars—one of Wal lachia, and the other o f Moldavia. . • • This instant I have received seven letters frcan Corfu and 2,lissolonghi. following are the most important parts of their contents " The Greek fleet bas blown up three-Turkish frigates, and one •ship of, the line, closely pursued by thelle,llenists . , had run on a sand-bank. ." In Beotia•tho Greeks-are.coveringtheniSelves with glory. Zeitouni.has. fallen•into the power of Prince Demetrius ilanti, .after, the Turks had sustained a ver y cons id er abl e oss. • . 4 ." Odysseus has,immortalized himself at Stylide, not far from Zeitouni. ,'" A sanguinary battle has been lost, by th e Turks, •on the mountains of Agrapha; the Greeks remained the victors; amongst the prisoners taken/by them are ,some Turks of dis tinction:"' - . - (.Extract gfa Private LettCr.) ,‘ ATX-LA-HAPELLE, JUNE 29.—A letter from Wilna, of the-sth instant, written by a person worthy of credit, states that the-Emperor was much occupied.. His Imperial Majesty had summoned the most distinguished Generals of his armies, and hid held.a Grand Council of War. A special messenger had .bien'seni to the Mtiiister of War• at St. Petersburgh. This letter haS .the. following.. You,may bc 'assured that great changes will immediately- take place in the positions now occupied by the Armies Of the Pruth and the Danube., There is a talk, of , concentrating considerable forces in :Bes.sa rabia.' • , • • . • • " The intelligence of thesatastroPhe at Selo has producel at Mosoniv, and Petersbuigh the most profound indignation. This -sentiment is - ..shared by. the troops, .who burn with a desire to :avenge the-blood of.'so many. Christians, who have, fallen under the sword of.the Turks. The greatest enthusiasm. indeed, prevails throughout the Russian empire, in favour of the Greeks.". . • • - NUREMBERG, JUNE 26.—Lotters from Poland state that there had been a remarkable change in the Russian Cabinet, and that.a complete change' . , I n the -MinistiAill be the tiotessary consequence. This change Afft.ciently eaplains that, which has taken place n that RoSsi an policy. It is said that M. De Ness'eltocle, who is the partisan of an intimate union beLweett-Russia and Austria, will -*main aliine charged with the direction of the department of-foreign affairs, that M. de Capo d'lstria quits the, foreign department, and that. the persons who were in favour of Ivar with the Porte follow his example. The authority for this• intelligence rests only at present on letters from Poland, but it appears to be more than pro bable from the events which have for some time taken place. , Accoi•ding to letters from Brody of the 18th June, nothing up to that period announced the approaching retreat of the Turks fiom the two Principalities. It is, on the contrary, certain that the Ottoman troops have been reinforced. Is that agreeable to Russia ? If so, the triumph of the Porte will be complete. AUGSBURG, JJNE 29.—Within the last week we have had several private accounts of great successes gainedbby the Greeks in Thessaly. The most recent advkes which we received yester dpy not only conilrat these accounts, but furnish a number of de r tails, the result of which is that three Turkish Corps wArmee have been succes. sively defeated ;.tiamely, Chourschid Pacha at Karditza, near. Trikala; by Diamantia ; the Pacha of Salonica at Cara Veria ; and the Turk ish Corps a , Arn l e . .which was entrenched in the environs of Larissa, and which had joined a de tached Corps of =Atte, Pacha of Salonica. This last victory was gained on the 4th June, in the en. virons of Zeitouni, by the Greek Corps united, under the orders of Ypsilanti, Diatnantia and Odysseus. By this, last victory the plan of operations formed at Constantinople to effect the subjugation of the Morea has entirely failed. The Greeks are again masters of Thessaly, with the exception of some forts and the town of Larissa. We expect shortly the official bulletin, which will doubtless be published by the provisional Greek Government at Corinth. It is reported that Chourschid Pacha has been re - Called to Constantinople. SECOND CHAMBER OF THE STATES GENERAL. . HAGUE ' '..1.ux.y'3.-„-The Order of the Day was the discus sion of the .Project of LaW, for the Excise on-Beer and Vinegar manufactured in the kingdom of,tbe'Netherlarids. The debate vn thesubject,waS nOt . very long, all the speakers nearly being in favour of the law ;hlii Rephini only saying he saw no ne cessity for changing the existing law, and unless the Minister shOuld convince him that oudimecessity existed, he should vote against-the project. (It seems the Minister did not convince him, as he.yoted 'against it.) The Minister defended the law Proposed, and replied to : several Members who requested ex planations- of certain articles. ,His Excellency spoke in Dutch, which language not being understood by Mr. Duval, he asked for explanation, in French, of some doubts, which he ex pressed. The. Minister replied; that it seemed to him improper here in the Hague,and in this - assembly, to use any other than the na tional language,, but he would willingly comply with the wish of M. Duval and gave the explanation asked. • On the question being put, there appeared 71 for the law and 14 against it.—lt was therefore, passed, and sent to the first" Chamber. The Committee of Petitions brought up a Report of several petitions that had been referred to it. Among them were seven ;from the ioabitants.of Oberyssel and the other Northern-Pro vinces, requesting that measures may be taken to relieve agri culture. PETERSBUILG44 .TUNE 18.—The continuance of reports fa vourable to peace had caused our Exchange to rise consi derably. London, 10 3-32—Amsterdam, 10 3-16—Hamburgh, 9 11- 32—Paris, 105, lO6.—( Dutch Papers, July Q.) SPAIN. MADRID, JUNE 20.—We have accounts from the Banks of the Bidassoa, infOrnaing us that the order given On the 11th to the Spanish fugitives at Bayonne to retire into the in terior, had not begun to be put into execution on the 17th. — The same delay is observed in removing to the Interior the Soldiers of the Faith, who are'on the frontiers. If we compare this information ' which 'we' give as certain, with the attempts that have lately been tiade in Navarre, though without suc cess, to collect people. Anil induce the inhabitants to join in the . insurrection, it may - i.,e suspected that the French Govern ment, with all its promises and arguments, endeavours to gain time. BARCELONA, .ftt.gE 15.—The Journals of Catalonia con tain various accounts Of 'adVantages gained by the National troops over the insurgents. Tne following is the Proclamation addressed to the inhabitiuits of Cervera by the Commandant, Don Jose Maria Torrijos. " Cervera, June 7.-- , lnhabitatits of Cervera! For the second time the brave soldiers under my command have taken by force this city ; the crimes committed by the inhabitants of it, and even the measures of the Generalln Chief, give us a right to make it disappear from the, map of Spain. To our genero sity you owe your existence. We well knoW that by our noble conduct we shall obtain nothing of you, since you are incapa ble of listening to the tender and salutary voice of your coun try ; however you, know us, and if you relapse into your ex cesses,•your destruction is inevitable. The Proclamation of the General in Chief, published in this city on the 21st May, is in full force and vigour, . and I shall have it executed. As gene rous in battle as punctnol in my duties, I shall be inexora ble, and let every- one- tremble who even harbours in his breast the idea of acting against the beneficent Constitutional System. Constitution or Dtatle is our motto ; Constitution or Death' is the desire of. the nation; and Constitution or Death shall be your portion. Only the idea that the deserving and patriotic Volunteer Militia are inhabitanti of ,this city in some degree mitigates our anger; it you imitate them, you will always meet with a cordial and paternal welcome from us; but if you con tinue obstinate, tremble ; for if we have twice been generous, the third time you shall perish. • .".LOSE MARIA TORREGOS.r VITTOUIA, JuNE 16.—A disagreeable affair has happened in this province, which 'Wit has not greatly disturbed the public tranquillity . ; has eYcitedAhe indignation of all the lovers of our institutions, because it futnished the enemies of them with a pretext to decry them. , • On the 14th a. detaamenfof the regiment " Itnperial Alex ander," and about 25 of the Volunteer Militia of this city, de tained at Murna; D. Juan Fausto de Velasco, because he had no passport, and it was : intended to bring him to the capital as a-suspected person. The Militia seem to have taken anothei direction, and left the prisoner with the soldiers, who not hav ing delivered him up t it is generally affirmed that they shot him near Apodaca. The firing having been heard at Echa vari, Where the_detachment passed the night, the officer was asked what it meant ?to which he replied they had pursued some robbers," - which gave great surprise, as none had been . heard of It was immediately reported, that Velasco had been murdered, and the country peooe began to assemble in order to take revenge. About 20 of them endeavoured to collect arms and ammunition ; happily, they did not succeed, and were obliged to fly towards Navarre. The Political Chief has given orders to investigate this affair ; the Militia have address- ea a note to him, expressing their abhorrence of this shameful assassination. • MADRID, JUNE 23.—The following are the Members of the Cortes chosen to compose the permanent deputation, viz.:— Senors Valdes (Don Cayetano), Quinones (for the Colonies), Castejon, Romero, Benito, Florez, Calderon; Nunez (Don Tor ribio), and for substitutes, Senors Soria and Casas.—( Madrid Papers, June 24.) MADRID, Just 20.—1 t isnot till to-morrow:that their Mii j esties and their Royanlighnesses will return here the closing of the Cortes will take place the 30th. ,The convocation of the Extraordinary Cones is already spoken.of. The 22d, at eleven in the' morning, the part of the Royal Guards stationed at Idle. King's stables shouted " Long live the Absolute King," "Down with the Constitution." fly order of the Governor of the 'place, the detachment was disarmed and Arrested. These sceneS are often repeated in the capital and in the towns, so imich . has the influence of the anti-constitution alists increased. - The regiment a cavalry of Almanza has made the sacrifice• of the sum of 4,000 reals monthly for the relief of the victims of the insurrection in Catalonia. Letters from Alicant state that a drummer, beating a retreat, having shouted " Long live Riego," was grievously wounded by an inhabitant. All the troops of the line at Saragossa liave set out for Catalonia. The castle and the barracks are occupied by the national guards. Valencia, Arragon, La Mandia,, the Mountains of Reinosa, Biscay, and Navarre; are in u nd a t e d by parties of 50, IQO, and 200 men enlisting with impunity the. Spanish people under their banners, and whose progress discourages the most exalted Liberals. To the bold incursions of these bands, add the con spiracies ,against the system, which break out every day on different points, and the discontent which is excited by the numerous arrests of persons pretended to be suspected, and you will easily conceive that such a state of thing's cannot last long It would require 50 pages to enumerate the virulent diatribes which are published against the King, and the Ministers, the French Ambassador , and his Government. ' - Number 20 of La Tercerola denies that the Ministers have spoken with firmness to the King, or that his Majesty ill re ceived them. It accuses them, on the contrary, of having been very weak on the day of St. Ferdinand, at the moment when symptoms of counter-revolution discovered themselves at.Aran Suez. It then violently attacks the Ministerof War, Balanzal.- The same Journal gives a song, in which the scaffold is called for to be raised for all the infamous heads of the Palace, the Ministry, the writers of the foreign faction, &c. It is besides said, " Arouse yourselves, Spaniards, and do with your own hands what should be done upon those who go vern you. The moment is critical—the interests which agitate you great—but the obstacles which oppose themselves to just vengeance, for the continual 'offences received by this mag nanimous nation, are little and contemptible." Tranquillity is again menaced on the banks of the Anglo, in Galicia, whither troops have been sent. The malcontents are reinforced by smallbands in the mountains of Orense.—( Quo tidienne.) - _ BATON NE, Ju NE 29.--„We were witnesses, yesterday, of the seizure on our river of a vessel laden with ammunition, destined for the emicrrants. The cargo consisted of 20,000 cartzidges, and several chests of spirits. LITERARY NOTICE. A PLAN for REDUCING the CAPITAL and the AN. MIAL CHARGES ofthe NATIONAL DEBT; humbly suggested to the Consideration of Members of Parliament. By Joit' BRICKWOOD, jun. May, 1822. 3rd Edition. This is a very ingenious production. •In our humble opinion the Author -has demonstrated, that a'great part of the 3 per cents. and the whole of the 4 per cents. may be converted into a new 5 per cent, stock, irredeemable for at least 25 years, by an operation, the result of which would be to diminish the capital of the National Debt by more than two hundred millions, and at the same time to effect a large reduction of the an nual charge. By adopting the mode recom mended, too, be contends that the Public may save more than one - hundred and fifty millions of money; which must be thrown away by continuing the present method of redeeming the debt.—The plan of our Author, it.appears, was subthitted to the CHANCELLOR of the ExciteOuta, long before he had' taken his measures for effecting the late reduction of the 5 per cents. We are at a loss to conceive on what grounds Mr. VANSITTART can have rejected the propositions ; and we con fess that from the confidence which we place in Otis financial skill and abilities, ,we were for some time inclined to .doubt the accuracy of Mr. BRICK WOOD'S calculations, and the practicability of his project, since they had not received Mr. VANSITTART'S approbation. After a most care-. ful examination of the scheme, however, we are satisfied that it might have been successfully carried into effect. Perhaps even _the best and ablest Mi •nisters are sometimes influenced by personal con siderations ; i and feel reluctant to enter upo n magnificent - undertakings, the merit of originat ing which does not belong. .to themselves.—Mr. BR.ICKWOOD'S plan is grounded on the Principle, that, when' the rate of interest in the money market is low, the value of a certain fixed an nuity is high in proportion ; and it proposes that a new 5 per cent. stock, not to be redeemed for at least 25 years, shall be established, on the that the value of such annuity. in the market will - considerably exceed one" hundred pounds. •Three and Four per cents., therefore, might, under certain. circumstances, be converted into this new stock'With extraordinary advantage to the Country, .while the income of the present fund-holders would be improved rather than injured by the change.—The following are ex tracts : " In the existing circumstances of the money-market, th 6 greatly -increased ,National Debt, and the 5 per cents. ex ceeding one hundred and forty:eight millions, it was humbly submitted to the Chancellor of the Exchequer, by: a' plan laid before him in January, 1818, that a reduction and 'saving of capital, as well as annual charge to a far greater amount, might be immediately effected, by an operation exactly the converse Of the proposition of the. Finance Committee. 'By establishing a new 5 per cent. stock, the interest of which should be pledged not to be reduced for twenty-five or thirty years, such a stock would bear a higher price in the market than any other, and considerably above par_; and then 3,4, and 5 per cents. might be converted into this new fund at an immense saving to the public, both of capital and annual charge. The plan was conceived upon this principle, that, when the market-rate of interest is low, the value of a certain an. nuity is high in proportion. And I preferred applying the principle to a 5 per cent. stock, being the favourite and best understood fund among persons holding stock for actual in come. Although the saving of capital would be far greater if the principle were applied to a 6, 7, or 8 per cent. stock ; but which, on account of its novelty, might be unfavourable to the practicability of the plan. As the - 5 per cents. were at 120 ;.1 January, 1790, when the 3 per cents. were at 80, and in January, 1791, at 123 when the 3 per cents: were at 83, notwithstanding the prospect of the redemption of the-5 percents. it was reasonable to believe, in 1817,,that, if the impression made by the Finance Report had not induced the public to act upon the expectation that the 5 per cents. would soon be'reduced, this stock would have risen much above par.* And, -therefore, if a 5 per cent. stock were created 2 by.funding, for example, Exchequer Bills, and this rate of interest were declared permanent for at least twenty five -years„ it could not be doubted that such stock (all other circumstances being equal) . would- command in the market a price approaching to the ratio of the actual interest upOn money invested therein, according, in some degree, to the following table of relative prices of several funds and rates of interest upon money invested in them. By establishing such a stock the state rmght remedy thedefect in,the existing system and, instead of borrowing a small sum to pay a large one, would re ceive a large sum to pay a smaller one ultiMately. • ' Rate of 3 per Cent. 4 per Cent. 5 per Cent. Interest upon • Money invested. X. X. s. d. X. s. d. s. d. When at 70 - 93 6 8 - 116 13 4 - 4 5 8 per Ct. 72 - 96 0 0 - . 120. 0 0 - 4 3 3 75 - 100 0 0 - 125 0 0 - 4 0 0 78 - 104 0 0 - 130 0 0 .; 3 16 11 80 - 106 13 4 - 134 68 - 315 0 85 - 113 6 8 - 141 13 4 - 3 10 7 90 - 120 0 0 - 150 0 0 - 3 6 8 100 - 133 6 8 - 166 13 4 . 3 • 0 .0 • According to Baily's Tables, the value of a 5 per cent. stock to be redeemed at par at the end of twenty-five years, is 1151.125. 6d., calculating interest at 4 per cent.; or 1171.55. 10d. if redeemed at the end of thirty years: As the value.of such annuity increases in proportion as the market-rate of interest diminishes, if interest be calculated at 31 per cent. the value of . the annuity will be 124/. 14s. 5d., if to be redeemed at the end of twenty-five years ; or 1271. 1 ls. 9d., if t o be redeemed at the end of thirty years.- These values, merely as arithmetical cal- ° The Navy 5 per Cents. have been continually above par since 1817. In January, 1822, at 1071 to 108, di v id en d de ducted. * Baily on the Doctrine of Intexest and Annuities is a work of the highest authority. To enter more into detail,- at the end a table is given, which shows, for example, the present value of an annuity of one pound per annum for twenty-five years to be 15,622,:0r 151. 12s. 50., calculating interest at 4 per cent. being 781. 2s. 3d. for five pounds per annum. And another table shows the present value of one pound, payable at the end 'of twenty-five years, 37,512, or 37/. 10s. 3d. for one-hundred pounds. These two sums amount together to. 115/. 12s. 6d. Mr. Baily himself and Mr. Benjamin Gompertz have kindly taken the trouble to verify the estimates of value grounded upon those tables. And these values prove to mathematical demonstration the validity of the principle forming the basis of this plan. t if the 3 per cents.' were rated at 75 . , and the new 5 per cents. at 125, 166/. 13s. 4(1. of 3 per cent. stock would be equal to 100/. new 5 per cents. ; 450 millions of 3 per cents. would be converted into 270 millions of new 5 per cents. ; and 3 per cent. upon 450 millions being equal to 5 per cent. upon 270 mil lions, the annual interest, in either case, would amount to the same sum, 13,500,0001. culations, are without estimating the superior value of a Go- Nernmenf security.* . - An estimate of the probable market-price of such a stock might also be made by the price of Bank 'stock, if there existed no public apprehension that the resumption of, cash payments might diminish the profits of the. Bank, and probably,, the di vidend : likewise by the price of India stock, if this were af., t fected by the same contingencies as a Government security.—, Bank-stock paYs 10 per cent. per annum the market-price being about:24o, one half is 120 for a 5 per cent stock. The long annuities, also, are some indication of the probable price of such a new stock. Twenty and a half years' purchase have, in 1822, been given for these annuities, which will expire in thirty-eight years. Thit is paying, in other words, 102/.10s: for a 5 percent. stock, both the capital and interest of which will be wholly extinguished in thirty-eight years, leaving no thing to the purchaser. If such a stock be worth 1021. 10s.; what ought to be the purchase money of a stock which is to pay 5 per cent. interest for 25 or 30 years, and at the end of the pe riod is' entitled to 1001. sterling ? • Or, if we again refer to Mr. Baily's authority for the present value of 100/. payable at the end of thirty-eight years, we shall find it to be 27/. Is. 2d. cal culating interest 3i per cent. which, added to 1021. 10s., will show 129/. lls. 2d. to be the present value of a 5 per cent. stock irredeemable for 38 years. At the present time, for example, therefore, the 3 per cents. being about 80, it might well be expected that a 5 per cent. stock, to be permanent for twenty-five years, would be, worth in the market, at least 120 per cent and that, for such stock, the State would receive, at least, 120/. upon condition of ulti mately paying 100/. for every hundred pounds stock created in the very first operations of the plan. Consequently, if, for ex ample, 12,000,000/. Exchequer-bills were fundcd in such stock, the State would, in_ fact, purchase them for 10,000,000/. of 5 per cent. stock, and ultimately pay no more for them, saving, by this plan, 2,000,000/. sterling. And supposing such amount of bills were_funded in the navy 5 per cents. the interest would be 600,000/. per annum ; but, by this plan the interest would be only 500,000/. per annum. Therefore, the saving would, be both 2,000,0001. of capital and 100,000/. per annum of interest ; beside the saving in the charges of management.'—Upon the same principle, the interest of the 5 and 4 per cents:might be immediately reduced, at a great saving both of capital and an nual charge." - • " But the most important application of the principle of the plan would be to buy Up, as it were, the greater part of the 3 per cents. and pay for them in this new 5 per cent. stock ; as signing a full equivalent, in new 3 per cents. to every holder of 3 per cents. consenting to the exchange. There are more than 500 millions of 3 per cents. If the holders, to the extent even of 450 millions, were .to consent to their conversion, upon equitable tends, into the new 5 per cent. stock, an immense saving of the capital and annual expense of the National Debt would be accomplished : and this is the main design of the plan. It the 3 per cents could be converted, for example, at 75 per cent. including a bonus, and t4e , new 5 per cents. rated, after the promulgation of the plan, at 120 per cent. the interest on. 450 millions, 3 per cents. being - - £13,500,000 Sinking Fund, 1 per cent. - 4,500,000 Charges of management, 340/. per million 153,000 Annual charge - £18,153,000 £l6O three per cents. at 75, would be worth 1201. money, and consequently be equal to 100 new 5 per cents.: therefore 450 millions of 3 per cents. would be converted i n to 281,250,0001 : new 5 per cents. and the interest would be - 1 .Z 14,062,500 Sinking Fund, 1 per Cent - 2,812,500 Charges of management, 3401. per million - 95,625 £16,970,625 Saving of annual charge - - - - £1,183,375 and reduction of capital 168,750,0001. —Although the holders of the 3 per cents. would; when converted, receive 31. 2s. 6d. per cent. annuity, instead of 31. per cent. There would be a positive gain to thepublic of 20 per cent. upon 281 millions of new 5 per cents., which would ultimately be paid off at 100 per cent:, being - - £56,250,000 And a saving to commence immediately upon this ground. Supposing •ie Commissioners, buying ' m the market upon the present system, to pur chase up the 3 per cents. at the average price of 85 per cent. for the future, the saving by adopt. ing this plan, instead of redeeming stock by such purchases in the market, would be, between the present price of about 70 and such probable ave rage price, 15 per cent. upon 450 millions of 3 per cents. converted - - - - £67,500,000 X 123,7500100 But 'if financial exertions are to be continued, in order to reduce the 4 per cents. to 3 per cents., the future purchases of the Commissioners may be at the average of at least 95 per cent. In such case, the present plan would save 25 per cent., or a further 10 per cent. on 450 millions of 3 per cents. converted - ' - 45,000,000 Total saving . £168,750,000 If a bonus in interest of 2s. 6d. per cent.,—that is, if grant ing the holders of 3 per cents. an annuity of 3/. 2s. 6d. in new 5 per cents., instead of 31. at present received by them, were deemed a sufficient inducement for consenting to exchange their stock, whether the price of 3 per cents. be 70, 75, 85, or any other sum, the new 5 per cents. might be rated, in the transaction, at such a price as exactly to produce the 3/. 2s. 6d. annuity. The real value of the equivalent might soon be as, certained, by first establishing the new stock by funding Ex. chequer Bills." THE WEATHER. Extract from a Meteorological• Journal for June, 1822, kept at the Observatory of the Academy (Dr. BunNEY'S), Gosport " This month has been fair, dry, and unusually hot—the rain amounting only to 11-twenty-ninths of an inch, and the mean temperature of. the air to 2} degrees higher than in any June during the last seven years, and 4) degrees 4-fifths higher than the mean of the same months in that period. The mean thermometrical heat of June, 1818, comes nearest to that orthe present month. The maximum heat of this month, in reference to our Journal, is-also unprecedented, it being on the 11th,'84 degrees in the shade. Notwithstanding the prevalence of upper and, under cur rents of air, and the hot weather the first part of the month, this neighbourhood, indeed Hampshire generally, has escaped those dreadful thunder-storms that visited other parts of the country, Ireland, Scotland, and France, with great violence; but the electrical appearances of the compound modifications of clouds in the jday-time often foreboded the gathering of storms. _ " The wind having prevailed two-thirds of the months from the eastern side of the meridian, on that account the . evaporation, considering also the small quantity of rain and the high mean temperature, is very great, namely, fl inches in depth, 2i of which were absorbed by the influence of the sunshine and dry winds in the first six days. This has already beep the means of lowering the springs here.—The mean temperature of spring water has this month increased upwards of deg., and it is 2 degs. warmer than at this time last year. So great and uninterrupted has been the sun's rays, that we have on several evenings observed a radiation, like a stream of vapour, emante from a long brick wall, facing the West, till sunset s ,The abundant crops of Hay were got in under the most favourable weather in and about this neigh bourhood the early part of the month ; and a few fields bad been cut and carried by the List day of May, being five or six weeks sooner than the time of hay-making last summer. " Both flying and stationary gossamer has again been pre valent, and the insects have been abundant and injurious tq vegetation—perhaps a more genial winter and spring for their increase have not been known for many yearst past. " The atmospheric and meteoric phmtontena that have come within our observation this month are 2 parhelia, 7 solar halos, 14 meteors, sheet lightning on three different evenings,. twice accompanied by distant thunder, and 6 gales of wind, or days on which they have prevailed, namely, 2 from N.E., 3 from S.W., and one from West. One of the parhelia at 9 A.M. of the 4th, was upwards of 40 degs. in altitude, and exhibited sevcral colours at the head of its white train." PARLIAMENTARY PROCEEDINGS- • I • • NOTICES, of MOTIONS, an d ORDERS of the D,,Alfoi which nosy stand , in the ORDER-BOOK of the HOUS E COMMONS. for the Preient Week. .July 8. ORDERS 00-THE DAY. , 1./Constables (Ireland)Bill--Further consideration of Rel" rt " 2, Stamp Duties Bill-ZPurther consideration of Repdrt. 3. Endowed Schools (Ireland) Bill—.Second-Reading ,, 4. Retail of Beer Bill—Second Readino• 5. :Insurrection (Ireland) Bill—Committee. 6.. Supply, (Barracks, Public Work's; and Law Charge s) ' urtlieiconsideration of iteport. 7i Tithes Leasing (Ireland)-Bill—Second Reading. ~ir d 8..; Insolvent Debtors Act Am en d ment (I re l an d) Bill-•"" Reading. 9. Gas Washings, &c. Bill--Second Reading. 10. Bankruptcy Laws Amendment Bill—Cotnniittee. 11, Coroners,(lreland) Bill—Committee. 12: Salt Duties Repeal Bilk-Further consideration of ReP°L. t : 13. Salt Duties - ( Ireland) 8i11, , -Further consideration of BO 14. Punishment by Hard Labour Bill—SecOnd Reading. 15. Lotteries Bill--Second Reading. • 16. Supply—Report. - • 17. Supply—Committee. 18. Excise Licences Regulation Bill—Committee. 19. Small Notes Bill—Third Reading.' 20. Royal Burghs Accounts Reading. 21, Burgh. Magistrates Residence Bill-,-Third Reading, 22: Ways and Means—COmmittee. .23. Fees of Courts Bill—Third Reading., ' 'Rep,ister Office (Scotland). Bill—Third Reading ! 25. Growing Produce Bill. Report. ' 26. Distress (Ireland): T aeport - thereupoo. 27. Loan Bill—Committee. 28. Charge of Pensions Ilill,rCotmittee. • 29. Five per Cents. Re-payment Bill—Committee. 30:" County Treasurers (Ireland) 31.. Exchequer Bills ( Public :Works) Bill—Second Itqaui n a 32. Duchy of Cornwall Bill—Second Reading. 33. Spirits Exportation (Scotland) Reading . g, 34. Greenland Fishery Acts [26 Geo. 3, c. 41, 46 UN. 3, c. and 1 Geo. 4; c. 33j—Committee thereupon. 35. Scottish Spirits Drawback Bill—Second Reading. NOTICES OF MOTIONS.' . pe I. Mr. Arbuthnot,—Civil Contingencie ;—Vote for Out— sioneri of Greenwich Hospital ;—American Loyaliso• Committee of Supply.) , 111- 2. Lord Binning,—To refer Petition respecting National Mc' ment (Scotland) to the Cominitiee of Supply. 3. Mr. Twiss,—Bill reg ar di ng A ssessors at Elections. Tuesiluy, July 9. NOTICES axoTioN:s. ot 1. ,Lord Archibald Hamilton OF —Repeal of Cottage Tax l ;c ° - land). 2. Lord Archibald Hamilton,--BreVers' Memorial to the l i r c3 ‘ sury. . 3. Mr. Western,—Resolutions,—descripgre of the distresst state of the Agricultural part of the Cotmtry ; ---the ef o e ttfi c t of the alteredstate of the Currency ;—the generals of Taxation ;—and the relative situation of the P e Creditor and the Public under such altered state or "" Currency. ORDERS OF THE DAY. . • i ~art• I. Receivers-General Bill ;—Furth e r Q ons ideration of 'ter 2. Leather Duties Redtiction Bill ;—Conirnittee. 3. King's Bench Businesi Bill ;—Second Reading: Wednesdaj; July "ld; NOTICES OF MOTIONS. 1. M. Nolan;—Bill to - Amend the Poor Laws. 2. Mr. Thomas Courtenay,—Poor Rate Returns. r at id, 3. Mr. Hume,—Resolutions explanatory of the Sinking 4 ORDERS Or THE DAY. 1. Superannuation Act Amendment Bill ;—Further Consider' anon of Report. 2. Aliens Regulation Bill ;—Report. 3. Stage-Coach Duties Bill ;—Futher Consideration of fteP(4l. Thursday, July 1 1. 1. Mr. Wi lb NOTICES OF XOTIONS d' Slave/ se eerforce,—To preVent the extension of the Cape of Good Hope. 2. Mr. Lennard,—To repeal Act (60 Geo. 3, c. 6.) for 0 ): ) , r6 ; effectually preventing Seditious Meeting s a nd Assem b e il i f e e e% —Also to repeal Act (60 Geo. 3, c . 8.) f o r the more i, tual prevention and punishment of Blasphemous and• tious Libels :—Also, to repeal Act (60 Geo. 3, c. 9) , curity gived by Publishers. 'ORDERS OF THE DAY.' Deeds Registry (Ireland) Bill ;—Cpmmittee. side" 2. Canada Government and. Trade Bill;—Further Coll ation of Report. - • - Friday, July 12. , ORDER OF THE•DAY. jor ds 1. Marriage Act Amendment Bill ;--Consideration of Amendments. NOTICE OF MOTION. tte Mr. Goulburn,—lrish Miscellaneous Services. (In Con:1031 of Supply). PRICE 0 F STOCKS ONE O'CLOCK. llndia Stock, ex div. ...... India 80nd5............ 578•_utit South Sea Stock ............ Old Annuities ........... ..... New Annuities , .. ex dtv.''' s hot 3 per Cent. 1751 ....... . „ r , Ex. Bills 4 India for Con. Acct .. ........ SOi Cons. for Acct.... 801.1 Tills DAY AT Bank Stock! 3 per Cent. Red. 80fi 3 per Cent. Cons. ex 3:1 per Cent 9 1 1 ,3 1 per Cent. { Old 97 il New 9840 5 per Cents. 1797 3 Bank Long Ann. 2oi. Imp. 3 per Cents. 70i 794 ---4.-- ' PRICE of FOREIGN STOCKS IN LONDON, JU LY 6' French Five per Cents. 91 75 2; . Prussian Fivc per Ceht. Bonds, 861,87 (Old Bonds, 101. Colombian Six per Cent. Bonds, 831. ' Ditto Scrip, 83/. Spanish .s , J Five per Cent. Bonds, 631 i i. 1. New Ditto, 62g i g. i Danish Five per Cent. Bonds, 851. Neapolitan Five per Cent. Bondi, 701. Austrian Five per Cents. (Metallic). . : Russian f Six per Cents. 1. Five per Cents. (Metallic) 78. Chili 791 i f 80. Russian 821 83. PRICE OF IRISI Bank Stock 2491 Gov. Deb..3i per cenr»...9li 2 Stock, :31 per ct 9l i 1 Gov. Deb. 4 per cent. Gov. Deb. 5 per cent. ' 441 --Stock,§s per cent. ,41 Treasury Bills, 5 per cent — City Debentures, 5 per STOCK, JuLy 4 • c t. Grand Canal Loan, 4 P' ,:ii —•-Ditto'-, 6 per cent. ••• -,!•,, Ditto Stock ........ .. Royal Canal Stock ........ t . -- Wide-street Cert. 6 per e ~ Do. Deb. with Gov. Sec.. Pipe Water Deb. 5 p er m. et. - D 0.6 per eer Ballait Office Govnt. v e ' 5 per cent. ............... Lion, July 1 , E qi. aOl f " BRIDGE TO-310R- g• Evening, 48 minutes afte",•.- ---.0%" cent. Lying in Hospital 4 per et. Exchange on Lon, HIGH WATER AT LONDOD Al orning, 24 minutet after 5. 1 THE SUN. SOLEIII QUIS DICEIZE 41.11).E4 LONDON, MONDAY, JULY 8, 182. Paris Journals of Thursday ... __________............. „i t The P • and Fr i " - 1 , Brussels Papers to the. 6th inst., Dutch Paper io h 'to the 7th, and a further supply et . Spa " o ar Papers col to the 25th ult. have arrived sigce'°l3s last. We have given in preceding t° ample extracts, to which we refer our fteadet.%, A letter from Venice-gives an account t'f:lth rious successes obtained by the Greeks, " ra s. c la by sea and land ; and an Auvsbargh , e s, contains a confirmation of _ these su cs o f which have completely frustrated the P a °res . the Turks for the subjugation o f the Iscio The massacres and horrid barbarities at both have excited the most profound indignati°l4 .': , - A 1 ‘. A