The Press.
London, England, 1856-05-10 00:00:00

-gontg larkti anD Qtit

FRIDAY ETZNI23O.
DURING the week reports were in circulation that a new
loan would be announced before the adjournment of Par-
liament for the Whitsuntide holidays ; and various specu-
lations were afloat as to the stock in which it would be
negotiated. Some were of opinion that it would be in
Consols, others in Terminable Annuities, and others
in Exchequer Bonds; whilst others, again, thought that
nothing would be done until after the payment of the next
quarter's dividends, when better terms for the country
might, not unnaturally, be looked fur. All F peculation,
however, was set at rest this morning, by the reading of
the following notification at the opening of the Stock Ex-
change :
Downing-street, Thursday evening,
May 8, 18b6.
Gentlemen, I request that you will make it known hi the
usual manner that her Majesty's Government propose to con-
tract ( n Monday, the 19th of May, 1856, for a loan of 5.00u,000t.
sterling, to be raised in Consolidated Three per Cent. Annuities.
For every• 1901. subscribed in money, the contractors will
receive Three per Cent. Consolidated Annuities. The biddings
to be made in such Annuities. _

The interest on the Three per Cent. Consolidated Annuities
will commence from the ;ithofJail., 1856.. _

The days of payment, and the proportions of the contribu.
tions to be paid, will be as follows :
On Thursday, May 22, 1:,5,1, a deposit of ICL per cent.
On Thursday, June 12, a payment of 201. per cent.
On Saturday, June 24, 1856, a payment of 201. per cent_
On Thursday, July 24, 1830. a payment of 201. per cent.
On Thursday, August 28, 183 d, a payment of 101. per cent.
Ou Thursday, September 18, 106, a payment of 201. per cent.
For each instalment after the deposit a proportional amount
of stock will !be created for the contributors. The stock for the
deposit will be created at the same time with that which will be
due on payment of the last instalmeat
No discount will be allowed for prompt payment.
Script receipts will be issued by the Bank in the usual man-
ner.

The biddings to be made at the Treasury on Monday morn-
ing, the 19th instant, at ten o'clock. The bidding to be for tL•
entire eum.

Lord Palmerston and I will be ready to receive. at a rrelimi-
nary meeting at the Treasury, at one o'clock on Tuesday next.
the 13th instant, any gentleman who may be desirous cf obtsin-
ing.further information on the subject.
I am, gentleman, your obedient servant,
G. C. LESTI.

The Governor and Deputy-Governor of
the Bank of England.
The reading of this letter caused very little surprise.
There was no excitement at all. Indeed the loan and
its exact amount had been anticipated a week ago. At the
same time ratisfaction was expressed at the moderate re-
quirements of the Government, and of the policy they
have adopted of stating their intentions at once, without
waiting to announce them at the Treasury. The loan is
expected to be wholly taken up by Messrs. Rothschild.
The return of the Bank of England for the week ending
May 3rd shows the following changes compared with,
that for the week preceding:—

Increase in Circulation
Decrease in Public Deposits 138.27%1
Decrease in Other Deposits
Increase in Government Securities
Decrease in Other Securities
Increase in Bullion
Decrease in Reserve

Bullion in Both Departments
Circulation, including Bank I'ost
Bills
Although this comparison shows an increase in the stock
of bullion. and although hopes were held out by the Chan-
cellor of the Exchequer this et ening that the drain upon
the Bank will shortly cease, the return in this respect is

IMF.

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