The Express.
London, England, 1855-01-02 00:00:00

of Finance calculates that the subscribers will receive

a bonus of nearly 31 per cent., u compared with the
present range of prices on the bourse. Four per cent.
discount is also to be allowed to parties wishing to
pay up the instalments in advance, but this privilege
will be confined at present to subscriptions not exceed-
ing I,ooof. (say 401.) of annual ratite, the object of
this arrangement being to prevent large capitalists
from deluging the market with the new creation of
stock. One of the most interesting features of this
national loan is the extent to which facilities are

afforded to small capitalists. Subscriptions to the low
amount of ten francs (say 4s. 2d.) of annual income
are actually invited. The lists are to be open from
the 3rd to the 14th January.

The effect of the terms of the loan on the Paris
bourse is not yet known, New Year's day (this day)

being observed as a holiday on all the continental
market.. At Paris on Saturday the French funds
closed at a decline of about per cent., the Three per
Cents. being last quoted 66.70, and the Four-and•a-
Half per Cents., 92.60. At Vienna there is no move-
ment of importance. The Amsterdam market is
well maintained, but at Frankfort Austrian stock has
experienced au unfavourable reaction of about I per
cent.

Consols were Stet marked 911, and had drooped at
the close to 90; to 91 ex div. for the 10th January.
The official business report is as follows :—Three per
Cent. Consols, for account, 10th Jan., 911, 91, 911, ex
di,. Three per Cents. Reduced, 91, 901, #,l. New
Three per Cents., 914, 1,1, 1. Long Annuities, ex-
piring in 1860, 4 5-16. Three and-a-Half per Cent.
E' :chequer Bonds, falling payable in 1859, 99/.
Exchequer Bills remain steady, at 4s. to 7e. prem.
Foreign stocks, though extremely inactive, remain
steady. Equador Bonds met with some inquiry.
Turkish, however, closed rather lower, at 751 to 4.
The list of the day's sales is limited to the following,
viz. :—Braziliaa Four-and-a-Half per Cents., 1852,
93. Buenos Ayres Elbe per Cents., 63. Belgian
Four-and-a-Half per Cents., 901 (exchange, 25fr.)
Equador Bonds, 31, 31, 34, 31. Mexican Three per
Cents., for account, 16th January, 211. Sardinian
Five per Cents., 831, 84. Spanish New Deferred
Three per Cents., 184 ex div. Turkish Six per
Cent. Scrip (paid in full), for account, 16th Jan., 754,
84
The nominal quotations current in the foreign
stock market at the close of business were as follows :
Austrian Five per Cents., 81 to 84 ex div. ;
Brazilian Old Five per Cents., 97 to 99; ditto
New Five per Cents., 96 to 99; ditto Four-and-
a-Half per Cents., 92 to 94 ; Belgian Four-
and a-Half per Cents., 90 to 92; Danish Three per
Cents., 78 to 91; ditto Five per Cents., 101 to 103 ;
Dutch Two-and-a-Half per Cents., 60 to 61 ex div.;
ditto Four per Cent. Certifs., 91 to 92 ; Portuguese
Four per Cents., 40 to 42 erdiv.; Russian Five per
Cents., 97 to 99; ditto Four-and-a-Half per Cents.,
85 to 87 ex div.; Sardinian Five per Cents., 83 to 85 ;
Swedish Fonr per Cents., 83 to 86 ; Buenos Ayres, 51
to 53; Chills° Six per Cents., 100 to 102; ditto
Three per Cents., 68 to 72; Equador, 31 to ;
Granada Active, 15 to 17; ditto Deferred, 5 to 6;
Mexican, 201,t0 214; Peruvian Four•and•a-Half per
Cents., 69 to 71; ditto Three per Cents., 48 to 50;
Venezuelan Active, 22 to 24 ; ditto Deferred, 9 to
11; Spanish New Deferred Three per Cents., 174
to 181 ex div.; the Old Three per Cents., 361 to
371 ex div.; the Committee's Certifs., 44 to 51
per cent.
Satisfaction was expressed at the announcement
of the arrival at Southampton of the steamer Lady
Jocelyn, from Australia. She brings specie from
Sydney, 64,960 L Ets. 6d.; specie from Melbourne,
76,8091. 6e. 6d.; total specie, 130,7691. 14e. Geld-
dust from Sydney, 2,0110 z. ldwt. ; gold dust from
Melbourne, 80,3840 z. 193wts. lOgre. ; total quantity,
82,3960 z. 'Ogre. The demand for gold for expor-
tation continued active to-day.
A very large amount of dollars, certainly upwards
of 200,0001. worth, will be taken out for China by
the Peninsular and Oriental Company's steamer
leaving Southampton on the 4th.
The 203,0001. in specie brought in by the steamer
Atrato is expected to come to hand about the middle
of the week.
The corn market to day WWI flat, and Englis'
wheat ruled a trifle cheaper.
The committee of Spanish American boudhold

inform us that they hive this morning received ad-
vices from Mr. Mocatts, their special commissioner at
Equador, dated Quito, the 22nd Nov., stating that
he had concluded with the government an arrange-
ment of the Equadoritut foreign debt, which had
been approved by the Congress, and is now in force,
if the bondholders sanction it. The agreement,
which is dated the 6th Nov., will be found in another
The committee of Mexican bondholders have
handed us the following :
The Committee of Mexican Boadholden are in receipt
Of advice. from Mr. Rickards, dated Vera Cruz, the 6th
lilt, at which date he was occupied in endeavouring to in-
troduce improvements in the practical working of the de-
cree of 1860. Colonel Facie receives by this packet, for the
dividend fund, 72,000 dollars from Vera Cruz, and
18,811.92 dollars from Tampico.
The subjoined has been received from the Mexican
Niaancial Agent :
MaxicAx DZIIT.—The West India Mail steamer Atrato,
jest arrived, has brought, for account of the Mexican divi-
&ads, 93,088 dollars. Besides which amount there is al-
ready deposited in the Bank of England, 21,3881.195. 6d.
Mr. Richard Thornton, chairman of the Committee
of Portuguese Bondholders, has deposited his usual
pilot, made through Mr. John Donnison, jun., the
aviary, against the arbitrary reduction of the Porto.
peso dividends to the rate of 3 per cent. per annum,
and also against the non-payment of the arrears.
Tenders are to be sent in to the Admiralty on the
9rd inst., for the hire of two or three ships to convey
army provisions from Deptford and Gosport to the
Crimea; and to-morrow (Tuesday) for the convey-
once of provisions and stores to Jamaica.
The subjoined letter has reference to the non-
enforcement by our cruisers of the blockade of
Rossianforts in the Black tea:
WANTED AN EXPLANATION.
TO THI IDITOR 07 TIM DAILY NWITS.

Sir,—We have blockaded the Baltic ports of Russia with
all the effect and by all the moans in our power, and many
British merchants settled in those ports have been forced to
abandon their homes and break up their establishments.
In the meantime Russian produce is very freely leaving
Russian ports in the Black Sea, and upwards of 450,000 qrs.
of 'Wised have been shipped at Ranch sad Taganrog in
open defiance of the allied cruiser', or by the tacit permis-
sion of our rulers.
Perhaps, air, an explication of this strange difference of
trestrient for die muse coloplaint may be extorted boo the
• '

Total, Vessels 66 Tons, 33,706
The corresponding statement for the previous
month (December) showed a total of 67 vessels, re-
presenting 46,404 tons ; for November 81 vessels, or
50,179 tons; and for October, 97 vessels, or 63,800
tons. This comparison exhibits a stead7.decresse in
the movement of shipping to Australia. For Sep-
tember the totals were 83 vessels, or 65,773 toes t for
August, 80 vessels, or 40,974 tons ; for July, 91 ves-
sels, or 52,731 tons; for June, 99 vessels, or 53,678
toes; for May, 88 vessels, or 46,407 tons; for April,
76 vessels, or 38,625 tons; for March, 83 vessels, or
44,410 tons ; for February, 79 vessels, or 45,241
tons; and for January (1854), 73 vessels, or 42,738
tone.
Land and Bank shares to-day were generally quiet
and steady. The stock of the Bank of New South
Wales was quoted rather lower. Crystal Palace
shares were steady, and closed at 3} to 31. It is re-
ported that a dividend will be shortly announced.