The Express.
London, England, 1852-09-29 00:00:00

In the market for Exchequer Bills there were none
but sellers offering. Tho March bills wore Is. lower,
at 70s. to 735. prem.; the June issue remains quoted
67e. to 70s. prem.; India Bonds mark 84s. prem.
Foreign stocks were generally quiet, but left off
rather firmer. Peruvian and Grenadian Bonds were
both marked at an advanee, and Spanish closed with
a tendency to higher prices. Turkish scrip met with
no business, but the price was last called at the im-
proved figure of 8f to 9 prem. In Buenos Ayrean
Bonds nothing has been done for some days. The
complaints of the holders of this stock at the neglect
with which their interests are treated aro numerous
and heavy, and will probably give occasion ere long
to an outburst of very angry feeling. From all we can
learn, it appears that the affairs of the creditors re-
main in state quo, no movement being made by the
committee; and indeed it appears somewhat doubt-
ful if any committee of Buenos Ayrean bond-
holders now exists. It will be remembered
that at the last meeting of the bondholders
an independent committee was appointed, consisting
of Messrs. Ramsbottam, Tacker, and Gower, Ad-
miral Sir George Sartorius, and Mr. David Robert-
son, the last named gentleman acting in the capacity
of chairman. Wo learn, however, that the general
committee of Spanish American bondholders has taken
upon itself to ignore the appointment made by the
bondholders themselves, and has actually, with Mr.
Robertson's consent, dissolved the Buenos Ayrean
committee, without so much as consulting, as we are
informed, at least two of the five members composing
it. The Buenos Ayrean committee has since been
re-constituted as a subcommittee to the Spanish
American committee, two of its members, as
appointed by tbo bondholders in public meeting,
being at the same time excluded. Against this
arbitrary proceeding we understand that Admiral
Sir George Sartorius, ono of the members so ex-
cluded, has strongly protested, intimating that ho
would be happy at any time to place his resignation
in the hands of his constituents, the bondholders,
but that he "could not fall into the irregularity of
placing it before the General Spanish American
Committee, who possess no authority to receive it."
The entire of this proceeding savours very much of
irregularity, and as such is merely of a piece with
the mode in which the bondholders have been
treated for years past. It is clear that there will be
no radical reformation in their affairs till the credi-
tors take the entire matter in hand themselves, end
send out their own agent. At present they
merely follow the lead of some half dozen
parties, in whose hands rests the virtual
management of the entire debt. Had the bondhold-
ers had an opportunity of speaking their minds some
years back, when an offer was made by the govern-
ment of the Republic to the Messrs. Baring, to let
them have the profits of the Patagonian guano trade,
there can be no doubt something tangible would
have been the result, which, added to tho 11 per
cent. now forwarded from Buenos Ayres, would at
least have put the bondholders in a better position;
whilst they would at the same time have adhered
to their entire claim for both capital and arrears of
interest, and could have pressed it at every suitable
opportunity. Under the present regime the oppor-
tunity for procuring a settlement of the debt that is
opened up by the fall of Roses is evidently being suf-
fered to slip by. The agents despatched by the Messrs.
Borings are, if the accounts from the Plate are to be
believed, by no means acceptable to the new govern-
ment, for very obvious reasons, and apprehensions
are even entertained that the cause of the creditors
may be damaged rather than benefited. Possibly
the bondholders at large are not aware that some
months back it was contemplated to send out Sir
George Sartorius to Buenos Ayres on the question of
the debt, a minion for which he is peculiarly quali-
fied, from his position and personal acquaintance
with the Emperor of Brazil, with whose aid Urquiza
has obtained so decided a success. The consent of
her Majecy's government to Sir George's departure
was already obtained, and he had made every requisite
arrangement, when he was abruptly informed
that two agents had been despatched by the Messrs.
Borings, and that his services would not be required.
This is another point on which tho bondholders aro
entitled to ask for full explanation, as it would be
difficult to find a commissioner to whom tho bond-
holders would more cheerfully confide the manage-
ment of the matter, and of course to a man in the
position of Sir George Sartorius remuneration would
be no object.
Tho list of the day's foreign stock sales is subjoined:
Dutch Two-and-a-Half per Cents., 641. Granada
Deferred, 111, 12. Peruvian Actives, 1031, 104 ;
ditto for account 15th Oct., 104; ditto Deferred Three
per Cents., 62, 634; ditto for account, 631, 1, 62/.
Portuguese Converted Four per Cents., 381. Rus-
sian Five per Cents., 1181 ex div. Sardinian Five
per Cents., 06, 951, 90. Spanish Old Three per'
Cents., 504; ditto New Deferred Three per Cents.,
234, f, ti ditto Passive (Converted), 61. Venezuela
Three-and-s-Half per Cents., 43, 42.
Upon the subject of the new Turkish loan we have
received the subjoined communication :

TO TUB IDITOR Or TIII DAILY MEWL
Sir,—The loan for the Bank of Constantinople is stated,
and I have no doubt with great truth, to be under the gua-
rantee of the Turkish government by virus of a decree
dated the 10th June, 18,52.
As a eopy of this decree does not appear on the Turkish
wrap, it would be very desirable if the eeittracturs were to
publish it so being a " airman or law," it would put an end
to the controversy now going on as to whether it is legal fur
the Ottoman government to guarantee interest.
In addition to this, it is desirable that the holders of the
loan made by the Bank of Constantinople should be satis.
fled on a point so vital to their interests.
Business has been done in the shares of the Bank
of Australasia at 571; London Chartered Bank of
Australia, 41, 31; Provincial Bank of Ireland, new
shares, 171 ; Royal Australian Banking and Gold
Importing, 11; Union Batik of Australia, 50; Union
Bank of London, 171; Crystal l'alace, 61; l'enin-
sular and Oriental Steam, t.ew shares, 361. Bor-
deaux and Cette Railway shares have risen to 21 to'
21 prem. Shares in the Upper Indian Itailw.iy
are quoted 1 to 2 prem.; Antwerp and Itotterdqm,
Ito prem.; Woodford Itailway, zto z prem.;
Wimbledon and Croydon Railway, I to 11 prem.;
English, Scottish, and Australian Bank, " - to
prem.; Beziers and Graissessac Itailway,l to
.1
prem.• French Crystal Palace, to prem.; Chin.
qui Read, 1 to / prem.
Notice has been issued to the holders of Illinois
Bonds that the dividend arising out of the collection
of the Mille tax, prior to the 30th of Juno last, will
be paid by Messrs. Matheson and Co., after the Ist
proximo, on the sterling Canal Bonds, in the follow-
ing proportions, viz.: On 10W. bonds 14s. 6d.; on
2261. bonds, 328. 7d.; and on 3001. bonds, 435. 6d.

A at the rate 24!.. per share for the
half-year (equal to 6 per cent. per annum) is ulcer-