The Express.
London, England, 1855-04-17 00:00:00

no following telegraphic despatch, received late
thin afternoon, appears to es to contain matter of
serious loped:

(71110111 TSI

" VtilINA. Mau. 16.

(nom Tits

"The Karim hastractions did set anise se Saturday, es
was anuessatti, bat they are sipected te•dey. A Mort is
sunset that Austria will perhaps rentals neutral. The
Austrian Guests adds that this neutrality wosld set be
passible, ualsr Franca sad England should astead the
intesprecatiea of the Third Point."
I have very little doubt that this despatch was sent
from Vienna to-day, alter the receipt there of a
mammary of the article in this morning's .itonileur,
and that the Austrian Gazette has published a sort
of answer to that article. In spite of the coaxing
tone in which the limiters speaks of Austria, I can
assure you positively that oar relations with that
power are at this moment highly unsatisfactory.
The Noiriteur article is, to all appearance, an ex-
ceedingly frank commenioatioo. If I construe it
rightly the rumour current at the Bourse last week
that the taking or destruction of Sebastopol would
be officially announced not to be an essential condi-
tion of peace was correct. It seems to me ...bat this
was one of the points ceded " after long hesitation "
to Austria, but I am bound to state that my view is
not univetsally sampled by the persons with whom
I hays conversed. Many people think that the ez•
pension " the limitation of Russian power in the
Bieck Sea" most be taken to involve the destruction
of Sebastopol, for they say, very reasonably, that any
paper stipolatka for the redaction of the Russian
navy would be illusory so long as the great maritime
fortress remained intact. But I think it clear that
when the Nonagons, in a subsequent passage, avers
that to call upon Russia to "limit her naval forces, or
to consent to the neutrality of the Black Sea," is to
require from her much leas than we have already
conquered by the war, it admits that the construc-
tion of the Four Points now insisted upon, is con-
sistent with the preservation of Sebastopol. How-
ever, I repeat what I have already had occasion to
may, that if we have waived the fall of Sebastopol for
the sake of negotiating it was • very safe concession,
because it was felt from the first by the French
cabinet that there was no chance of the other con-
ditions bring accepted by Russia. The alternative
now proposed to the limitation of the Russian navy—
namely, die neutrality of the Black Sea—would involve
the suppression of her navy in that sea altogether,
and would be doubtless leas acceptable in her eyes.
The enanciatioo of this alternative is followed in the
Moniker by a statement which perhaps is ambign.
ors. It is said that four ships of war belonging to
each of the maritime nations, France, England and
Turkey, would be always sufficient to occupy
the Black See, and to remove the seat of
mastery from the Crimea to the Bosphorus.
Is this merely an illustration of the argument that
it would coat but little to preserve the domination
we have acquired in the Black Sea, or does it mean
that is Gass of the ►tipulation limiting the Russian
faros being accepted, the above number of ships of
the three nations will be permanently stationed in
the Black Bea ?

At the Bourse, the Rents opened very heavily,
under the impression that the article in the Mon item-
was decidedly warlike. But there was a reaction in
the afternoon, owing to a report, countenanced by an
eminent banker, that the bombardment of Sebastopol
had commenced on the 9th, and that the town was
on fire in several places. The Rents, after opening
at 68fr. 60c., closed at 68fr. 85c., with a fall of 30c.
Railways were all lower. The Austrian Railway,
hitherto en great a favourite, fell 1 lfr. 25e.

The last ihdlogirs dal Lois contains the Imperial
decree which creates a fourth battalion to each infan-
try regiment in the French army. I informed you
several days ago that this important addition to the
army bad been decided upon.
A deputation of the corporation of Southampton
arrived on Saturday morning at Havre for the por-
pops of concerting with the municipal counciLef the
latter town oa the best means of inducing the Em-
peror acd Empress of the French to proceed to Eng-
land by Havre sod Southampton. As, however the
itinerary of their Majesties hu been already fixed,
it was decided that the efforts of the corporate
bodies of the two towns should be directed to the
object of obtaining that Southampton and Havre be
chosen as the route of the Imperial party on their
return.

(FROM Till

GERMANY.

...--.• --.

OF THE DAILY 1111,11.1

HANOVER, Scam 13.
Great fears are entertained that the German Diet '
are about to take measures to oblige Hanover to give
up. her present liberal constitution and to the
anginal one granted by the late king Ernest
Augustus. The high aristocratic party felt them-
selves aggrieved at the new composition of the First
Chamber, in which they at exclusively under the
late constitution, but from which they are now mostly
excluded—or at least their power is greatly neutral-
ised—and laid a complaint before tte Diet, praying
for their interferenoe in having the former constitu-
tion re-introduced. The petition was referred to the
political commission of the Diet, who in their report
recommend the prayer of the petitioners to the at-
tention of the central government. It is true the
Diet have not yet taken any steps in the affair, but,
in the daily expectation of a communication from
Frankton, the inhabitants of the whole kingdom,
who are decidedly in favour of the present liberal
institutions, and very content with the chambers as
sow constituted, have taken the alarm, and wish to
have the chambers convoked immediately to be ready
to resist any such attempt at interference. It is not
at all improbable that a very serious conflict will
result. _ _

A letter from Pen, of the 2nd, in the Pays, says :
"I have already mentioned to you the little sympstby
which the inhabitants of the Principalities entertain for
the Austrians, and the dislike of the Austrians to them
The ill feeling between the two has led to a sad efeir, fol-
lowed by • rising at ffrajowa. An Austrian efface per-
ceived • Wallechian lady at • wiadow ; struck by her
bemiry, be entered the house and acted rudely towards her.
The husband hastened to defend his wife, and a quarrel
ensued, in which the husband was killed by the officers
When this became known, all the population took up aims.
The Austrian authorities. when called on to do justice,
would not consent to punish the officer, on which the Wel-
lachisas deternsiied to do justice themselves A veritable
b stile took place, and more thaw 300 Austrians perished
The Tirkish authorities had to interfere to establish order.
&nee then Krajowa hasnoembled 'besieged town. The shops
are closed. The Wallachia= occupy the interior of the
town, and the Austrians are encamped outside. A depute-
tioa has been sent to Canatantinople to complain to the
Sultan of the foreign occupation. How this affair will end
is not yet known hen, but it has caused a great weans.
tics."
A letter in the IsslEpendsasee Beige speaks of the
above affair, but states that it was not Austrian sol-
diers, properly so called, who acted so improperly
against the inhabitants, but some Croatians in the
pay of Austria.

DENMARK.

TRH PRINCIPALITIES.

In the mean time petitions from a great many of
the more important towns, comprising thumb' tick,
Bildesheim, Nienborg, Leer, and Emden, have been
sent in, praying the King to convoke the Chambers
without loss of time,
.so as to be prepared for any
emergency.
Tee liinic,Queen;and the royal children are gone
to pay a nett to the Grand Doke of Oldenburg, which
has a very significant importance, for this is the fist
time the brothers-in-law have seen each other since
Oldenburg secretly made the celebrated treaty with
Prussia for the alienation of the Jande-Basen, agaiast
which Hanover, it will be remembered, intend a
protest, laying claim to its sovereignty herself. This
led to an estrangement between them two potentates,
so deed; allied by family ties—their wives are sisters
--and they have had no intercourse since. It is,
therefore, to be inferred that the difficulties have bees
removed, and a reconciliation taken place.
The Prussian general, Count von Needs, envoy to
this court, arrived here yesterday from Berlin, to
compliment the Queen on her birthday to-morrow,
on the pert of his Sovereign ; but as the court will
remain fee some time at Oldenburg, the envoy, who
is also seeredited at that court, will proceed ea fry
this evening's train to Bremen.
Our army is going to be sensibly leavened by the
addition of a fifth company to cash battalion at is•
fantry, and the creation of Ave new batteries of ar-
tillery. The suns, 000sisting of 12 nine-pcsindsis
and 18 twenty.foor pounders, howitners, have bean
crewed is England. Its captains of the second
dam, hitherto existing in the artillery, ars
abolished. Each battery will Low have one arida*
two test ileateeeste, and ens mood lieutenant.
Our prises Ministert Baron von Latch's, ham lest
returned hem a mesa to Hamburg, sad
extended ft to Weak the aljsst of whieb, it is
to iiillidatkine with the Senate
Natasaise brides war the
• Lesabarg as Is thud the
g le 'baps Is his pe-
ddle 'this is& '

THE NEW

LOAN.

INTERVIEW AT THE TREASURY.
....Dom OF EMI DAILY NEWS)
COPENHAGEN, APRIL 10. I Yesterday a number of influential gentlemen con-
At length the official orders foe milling out the meted with the mosey market had as interview wi h Lord
troops destined to form the Danish contingent of OA paineereten god Ik. chummier of the itubmwer, at the
Guinan federal army have been published. It (nu. Trews", Cassabas, Whitehall, for the purpose of baying
lists of the 14th, 15th, 16th, and 17th battalie,ao of „beamed te ass
sthe mass' sad tam
to rates for the
a the eme use
infantry of the line and the 6th rifle rasps. Ii is ex- whisk her Meiesty govsesseat propose
pected that they will be concentrated at Lanenburg peblis servals.
by the end of May or the beginning of June, in order Ames' the principal pumas present were Banos L. and
to be ready to join the 10th army corps of Germany, M. Rothschild, Sir I. L. Goldsaid, Mr. Aid. Samosa, 31r.
if a mobilisation takes place, which will be mown- T. M. Werselia, °oversee of the Beak of England, sad
tested on the left bank of the Elbe, in the kingdom Mr. 8. Neave, Deputy Governor; Mr listehinson, chair-
ed Hanover, somewhere near Luneburg. As a good man of the Stock Exchange; Messrs. Norbury, Hammond,
many of the men on furlough for the last three years Trotter, Roberts, Usielli, Gibbons, B. and S. Cohn,
are now called in, there will be found among them R. Thornton, B. B. Williams, G. Steer, C. M. Oarel, AG
several who were in the ranks of the Schleswig- Shortly atter olio o'clock the Premier end the Chen.
Holstein army of 1849 and '5O. The god regiment of wow of the Exchequer entered the room la which the
dragoons has also received orders to join the cootie- interview took place, being accompanied by Mr. I. Wilson,
gent, as well as one of the batteries of foot artillery /Secretary of the Treasury, and by Sir A. Spearman, for-
now in cantonments in Holstein. The whole of the early officially connected with the same department.
sth Jager corps is now provided with rifles adapted Attar they were seated,
for the conical balls, whereas only every fourth man The Cumicezi.oa of the Excnacivas, addressing the
had them previously. The greatest activity is die- gentlemen assembled, mid—lf you will allow me I will read
played by the War-office in perfecting the necessary to you she particulars of the proposed loan. He then read
arrangements for the commissariat and medical the following document :
departments. Lieutenant-General von Krogh is ot The loan to be for the sum of sixteen million pounds.
spoken of as most likely to have the cam- "For every 1001. subscribed in money, the contractors
mend of the contingent, though moms Pe•Ple to have 1001. Three per Con,. Consolidated Annuities, and a
say Lieutenant-General von Hansen, the former Terminable Annuity for 30 years, ending on sth April, 1885.
Minister of War, will be appointed. Lieutenant- " The bidding. to be made is the terminable annuity.
Colonel von Steinmann is to be the beau of the .. Tao interest on the Three per Cent. Consolidated An-
Staff. As the chief command of the German army sables to commence from the 6th January, 1855, and the;
corps alternates among the different states composing tenantable annuity to commence from 61u April, 1856.
the contingents, and this time the turn comes to di The days of payment and the proportions of the
Denmark, it is not impossible that one of the Danish coutriblidons to be paid to be as follows:
princes will have the honour of commanding the
"Oa To 7, April 24, 1855, deposit of £lO per cent.
tenth army corps, consisting of upwards of 70,000
11. May 22, „ payment of 15 „
men.
The Prussian frigate Thetis, Captain Sundewall, ~ Jose 19, „ It 10 ~
has arrived at Elsinore from England, warn she It Jay 17, „ Pt 16 rs
waits till the state of the ice in the Baltic will en- 9* Aug. 2I„, 9t 10 is
able her to proceed to Danzig. It will be rerun- 00 assail, ~ „ 10 „
bared that this is the British frigate that was ex- „ O 16, „ I. 10 „
changed for the two Prussian steam gunboats Nix It 0ct.0v.20, „ PS 10 tt
and Salamander, now the Recruit and Weser, lately o. Dec. 18, „ It 10 „
sent to the Black Sea. "For each in.talment after the deposit, a proportional
The last number of the official Departernents- amount of stock to be created for the contributors.
Tidaing contains the proclamation for the abolition of " The stock payable on the deposit to be created at the'
the monopoly of trade with the Faro Islands and same Urns with that which will be due ca the last instal-
Ictland hitherto existing, which will tend to improve meat, when the terminable annuity will be also written in
greatly the moral anti physical state of those islands, to the contributors' names in the books of the Bank of
and develop their natural resources, whilst it will en- Zeeland.
sure their future attachment and loyalty to the mo. " The bidding, to be made at the Treasury on Friday
they country. morning, the 20th April, 1855, at ten o'clock."
The radical reform of the court, involving a great In order that the company might be more fully pommel
reduction of expenditure, and a diminution of palace of the contents of this document, the right hon. puttee=
appointments is at length decided on. The report of rasa it a wood time. After be had finished reading,
a ministerial crisis, and that Hall and Andras had Mr. HAMMOND aid—Will any discount bellowed ?
resigned, bas blown over. The Czathcazzoa of the Excithouas—No discount will
The Chamber of Commerce at Randers has peti- be allowed on any of the instalment,.
tioned government for an extension of the electric Mr. Burcuiresow —Not for prompt payment ?
telegraph line from Fredericia to Frederikehaven, The CnAncsu.on of the Excuaciozo—No.
showing the importance to trade in general from the A Oserzamso—There is no inducement then.
establishment of telegraph stations in all the towns of The CHANctLLOR of the Extnntauxa—The instalments
Jutland. we so arranged that it will not be neessury to allow any
Preparations are making to concentrate again a die,m,sse.
large body of troops on the island of Borland this Mr. HAMMOND—There is one important question whisk
summer. They will be quartered in the village' I will take the liberty of &eking. When I was amused
round Copenhagen, and be folly as numerous as those I. the loans of the olden time certain corporations sad
of last year. public bodies of London and other places bad a lugs pee.
The official Gazette contains a notification declaring Pon of the leap, whether the total
were le e
or
scasl
the ports of Tripoli, Alexandria, Damietta, Compton- in amount. The Bank of England had 300,0007; Abraham
tinople, Tunis, Morocco, Smyrna, and Candia infected Newland's ado. 200,0001.;
the South Sea ComPß"'
with the plague, and all other ports of Greece, Tur- 200,0001 ; the Trinity Corporation, 200,0001. ; the
key, and the coast of Barbary, are declared suspected
Exchange Assurance Company, 200,0001 , the Bank of
of the same. At the same time the port of Maracaibo Dublin bad a large sum. In fact the aggregate amount was
in the republic of V la, and the province of 1 800 0001. It was a thing which the contractors of that time
Ceara, in the Brazils, are declared infected with the fought'2
against very much, became it was a sort of cloud
yellow fever, and 'Noels arriving from thoee places .
will be treated accordingly. hanging over their heads. It became, however, a custom ;
and was at last claimed as a matter of right. My old friend
Great complaints are made at Elsinore of a deft- Mr. Barnes and Mr. Ricardo argued the point when Lord
dewy of accommodation in the harbour for the mar- Liverpool was Minister and Lord Really (then Mr. Vomit-
chant shipping, and it is proposed to enlarge the port
tart) was Chancellor of the Exchequer ; but they were told
by coostructing two suasive piers into the sea.
that the thing could not be altered. It is very important
In consequence of representations made to the
that we should know whether or not the same course is to
Danish government by the British envoy in this city,
be adopted now—whether you will sesame the existence of
orders have been given that in future not only British
that right ?
ships of war, but transports and all other vessels
. Ths Cos/mezzos of the
.EXCHEQUEZ—No, It is ailt
wearing the pennant, shall be exempt from the pay-
Intended at present to recognise any right of that kind.
mint of port and landing-jetty dues in all the ports
of Denmark. Baron L. Rerritsuizzo— There is another question. I
is intended to continue
The following ships of war have just been put in think we ought to know whether it
sales of savings bank stock on the part of the government.
commission :—Waldemar, line-of-battle ship, Captain
J. A. Meyer (station, Copenhagen) ; Holger Dasske, The CHANCILLOR of the EXCHIQURIS—No, it is set
intended that any further sales of savings beat stock on
Captain Itaffenberg, and Heels, Captain Boysen, both
account of the government should take place at present.
steam frigates (station, Copenhagen) ; Flora. sailing
corvette, tiaptain-LieuL E. Wulf (station, the Sound) ; A GINTLIMAN—Not intended ?
the guardship in the Great Belt, aptainoLieut. The CliaxcaiLoa of the EXCHEQUER—It is intended le
Hoist ; the guardship in the Elbe (off About), disoontinue the sales of stock.
Captain-Lieut. L. Lutken; and the guardship off the A GIIXTLRMAN—I think that ought to be one of the
Trekroner Battery (off Copenhagen), Captain Rothe. conditi •ns, and it should be made known.
The Casatcsta.os of the Excnnioas—Well, I can
Eats positively that it is intended to discontinue the sales of
stock on the part of the government.
Mr. HUTCHINSON—Tnero is one other question which I
should wish to ask. Although no discount is to be allowed,'
I @appose facilities will be given for paying up stock in fall,
if it should be considered desirable.
The CHANCELLOR of the EXCIOCIUSI-ob, certainly;
bat without discount.
Mr. HAMMOND There has always been a discount
Mewed for prompt payment.
Mr. HUTCHINSON—It has bees stated that the government'
lave no present intention of coatinuing their money sales.
will they oonsider themselves precluded from selling up se
soy given period ?
The Custeczttoz of, the Excision's—The present Imo
tendon of the governmeat Is to suspend all sales of stock an
government account. Prov sion is now made for Oink
wants in the financial pleas of the year, and they have es
intention, as far as their own wants are concerned, of con-
tinuing sales.

kir. Htricattatow—Then I understand th►t unless it
should be s requirement of the saviap bank holoen or de-
positors no further sales will take place.
Barolll.. ROTHSCHILD—I believe it is not an engage-
ment on the part of the government that they will
net sell

The ettanciu.ort of the ESCHEW/BR—lt is a promise
extending up to the payment of the last instalment.
Mr. HUTCHINSON—Are we to consider the neck treading
now coma to with reference to that stock to be, that if cir-
cumstances should induce the government to resort to that
means of raising money, public notice will be given to that
effect?

The CHANOILLOA of the EXCHZQUIS—WO have BO ill-
tondos of ramie, to that means of raising money while
the instalments are in progress. Of sourer, if we depart
from that view we shall give notice. Perhaps it is desirable
I should mats that it is intended to apply to parliament for
power to make some adaition to the present issue of Bs.
chequer Bills. However, it is not intended to szeraise that
power while instalments of the loss aro in progress.
A 011ITLIBUN—Doring the present year ?
The Crtarionttoi of the EILCHEQOIII—It Is the in-
tention of the g mernment to apply to parliament for a vote
of credit is aid of the supplies for this army, navy, aad tad-
saws estimates.

-3lr. THORNTON—MiI I be permitted to ask what is the
mama of Exchequer bills which you have It is coutsmple-
tion to June
The CSANCILLOIL of die I zeiravies—lt certsialy
weald sot sussed 3,000,000 i., which would be applicable t,
the veto of credit for which we should ask la aid of the ow
aims of the year. But if parliament should think fit to
grant the power of issuing Exakequr bills to sa amount
cot exceeding 3,000,0001., it is act the isteatiea of Ike
government to exercise that power while the penmen of the
instalments is is progress.

Kr. Tliourrow—May Irk if the Beak would take ia
the maims as I. former times ?
The CSIASOILLOZ of the E 201114
governebeet to sower that quest' ua.
Mr. Tnoaasoit—The Beak dr always deaa It em fearer
oratieas.

is sot fee the

Mr. ilauttooo—l mislay Wok tho govoissest meal
to allot, dosooat.

Lard Poursinos—Three an days for reap p.ysaest.
The Caosesidos of the ilsoussess-1 abould state
that his Weeded that the issues tax should be obaeged
oe ehs lbeel Odium& It will be payable es the lost diva•
deed is sloe itelagn way.
A Onnisamir—Cres eho analsable amides t
The theAsessess et She itscatesess—?ea.
Mr. Tisidelser.These plebe. I undarsbead, ass lo Is Is-
olated apes, slime say saodilielios es to lbs. dope for
Mialcio
ttEMUL • :
The 'Or BWINIVIII— is b tar
tended t imam II whisk

1 •,l!'•

.71 ,• •-

, . .A. . J .. •

THE EXPRESS, TUESDAY EVENING, APRIL 17, 1855.

Mr. BUTORIXIIOX—The fall dividend of 3 per nat. to
etatmenee hen Joinery ?
The Cittuontion of the Biomass—Yee.
Mr. Alderman 11•Lomoxii—I think it desirable the
government should letin know whether the bidding. ne to I
be for Ow whole amount or for say portion, and what limit
is to be Ized.
The Cnamosi.ion of the ISCIIIMOIR—It is diScult to
pine any limit upon the bidding.; but of coons there mast
be nose preform.. given to those bidding. which are for the
entire amount.
Mr.HAMMOXD—I understand that it is to be upon the
old plan, the bidding. being for the entire amount ?
The CHANCIILLOS of the don't know
whether we could refuse to consider any biddies. fee a less
amount than the whole, bat certainly a preference must be
given to bidding. for the entire amount.
Mr. Horcunnox—lt would be quite a new Wog to
have bidding. for less than the entire sum. I think it most
important that it should be dearly understood, before we
leave the room, that the bidding@ are Vibe for the whole.
One or two other gentlemen intimated their concurrence
in this view of the matter.
The CHAXCILLOI of the EICRIQUIII (after a short
pane)—Well, I don't esy that the government will include
any bidding, bat I state that a preference will necessarily be
given to bidding@ for the entire mount.
Mr. HovountioN—That (nferriag to the admission of
bidding. for part of the loan) will he a fatal thing to the
I loan.

Mr. MANYOND—h will net be satisfactory.
Mr. iltmcsmssow—No ere will venture to make a list
with as understanding of that kind.
The Curaicsu.on of the EXCHICIVEIL—WeII, of coarse
the government mast look to the power of obtaining the en-
tire loan.

—Mr. Aldermen BALoworre—You would be in this diffi-
culty. For the purposes of the government a large loan is
desirable. Periods who went to tender for the whale
would not like to be subject to the competition of those
lehl might tender for a small sum at a higher price, end
who of apneas, being competitors with them in the mar-
ket, might undersell them. I think it is desirable for the
government to make up their minds whether or not th.y
will adhere to the old system. I do not express myself
very well, perhaps ; but what I want to know is, whether
or Dot the competition is to be restricted to biddinp for the
whole meant ?
I he CHANOILLOR of the BICHIQUIM (after a brief con•

natation with Lord Palmerton and Mr. Wilmn)—Well,
on the whole, we think it will be preferable to confine the
bidding' to the whole amount. That his been the inertia
ble practice up to the present time.
Baron L. ROTHSCHILD—If you are obliged soon to have
recourse to another loan, I think the holden of the scrip of
the present loan should be placed on the same footing as the
holders of the scrip of the second loan with regard to any
instalments which may at the time remain unpaid.
The Cruxcuir.on of the EXCHEQUER—The calculations

of the goveroment have been so made that they do not an-
ticipate beieg called upon to ask for any new loan during the
payment of the instalments of this loam. Of coarse it is
conceivable that some unforeseen necessity might arise. In
that case regard would be had to the interests of the con-
tractors of the present loan.
Baron L. ROTHSCHILD—The feeling in the City is of
course very different now from what it was in former
times. Every person has his own opinion with respect to
the war. Some think that it will last a very long time, and
that the Brat loan may lead to a second. Therefore, it
would be some little assistance—it might be convenient to
the parties who are likely to subscribe—if we knew that, if
there should be a second loan, the parties who contracted for
it would not have advantages which those who preceded
them did not possess.

- .
The Cisaatomttoz of the EXCHIQOII—Yon wish that,
in case a new loan should be contracted for before the end of
December neat, no regard should be had to the interests of
the contractors for the first loan.
I Baron 1.. ROTHSCHILD—No, that regard should be had to
their interests, and that they should be placed on the same
footing as the contractors for the new loan. Yon will not
pledge yourselves not to make a new loan before the end
of the year

The Cnarecraton of the EXCHEQUZI—We cannot pledge
ourselves, but we have no such intention at present. As
far as we can anticipate the expenses of the government,
we do not reckon on being called upon to ask ft r another
loan before the end of the year. That is all I can say.
BUM L. ROTHSCHILD—Yes ; bat it you are obliged
to make a new loan, and the funds are 10 per cent. lower,
the unpaid instalments of the old loan ought to be taken on
the same terms as the new loan.
The CHANCELLOR of the Excuzcionn—Well, I can-
not state the precise offer that would be made to the con-
tractors for the first loan ; but in the improbable, as we
hope it is, event of any second loan being rendered
necessary, we should have regard to the interests of the con-
tractors for the first loan. I cannot state anything more
precisely.

Bbron RoTnacititn—What I Want to know is whether
the holders of the scrip of the old loan would be placed ;in
the same position as the contractors for the new loan with
regard to unpaid instalments
)Ir. J. WILSON—If I understand your point rightly, it is
this : that supposing this loan is taken at 91, and a rr( w
loan should be required before the end of the year, and that
were taken at 81, you would require that the scripholders
under the first loan should be planed in the same position as
the new acripholden with regard to the remaining instal-
ments.

Baron ROTHSCHILD—Yes ; that if two instalments, for
instants, remained unpaid, they should be taken lOper oent.
lower.

No answer was given on this point.
Mr. HANUOND—WiII it be a new stock ?
The Cnoncrisom of the Excasotras—lt will not be a
new stock; it will be incorporated with the Three per
Ceot. Consols. [After a short pause] The meeting ought,
perhaps, to be aware that this loan is calculated on the basil
of the estimates which bays been voted by the Reuse of
Commons, and which have been framed upon the swamp-
dap that the war will continue for the present year.
Mr. Tscrersa—ls it in contemplation to increase Consols
by funding deficiency bills?
The Cneasczu.ort of the Excises:man—There is no in-
tention of funding any of the unfunded debt for the govern-
ment at present. I ought to answer a question put to me
in order to guard against any possible misconception. With
regard to new loans I ought to state that it is possible
that some foreign governments may, in the course of the
year, seek to negotiate loans in England. Of coarse, it is
impossible for as to say anything with regard to that
subject.
Mr. HAMMOND—In ell/awe, I presume, with this govern-
ment ?

Tbe CSANCILLOI of de Eicazuoza—What I have said
does not apply to any lean which may be contracted by a
foreign government, but merely to loans contracted by our
own government.
lir. Alderman S►Loteoxe—Tbe question applies to the
case of foreign loans guarantied by our own government.
The COUNCILLOR of the EU/HUM/IR—Well, that is
possible conungency ; but I speak generally with respect to
any loan which may be contracted, whether guaranteed or
nagsaranteed.
Sir I. L. GOLDMID—I understand that you reserve to
yourself the power of guaranteeing any loan which may be
required by a foreign government.
The CHANCILLOIL of the EICIZZQUILIA—We do reserve
that power.
Is reedy to a question from Mr. austroxn,
The R.ght Hon. Gentleman said the bidding, would be
opened on Friday morning nest in that room, and it must
be unnentood that no bidding for lees than the entire
amount would be received.
The interview then terminated.

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Seat of the French &lablv, he proceeded to litautkanipton,
sad alighted at Silva's Hotel with one attendant, previous
to embedded is the Havre boat. He wu not known or
lodised se beard the packet. This was scarcely Ave years age.
[Adeartialmtimt.]--AT MB. Eansues•
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. 1 •

COURT OF EXCIIEQUER.-APRIL 18.
"EMU TZZ WIZ mum noon, MID Lilian PLUS, PLAIT, APO
IllAtTlll.
This befog, for beldame purposes, the first day of term,
their lordships took their seats about 2 o'clock, hating pre •
viously breakfasted with the Lord Chancellor.
ZOTLI O. W 1111131•11.
This was an action for libel, tried at the last eednee 115
Surrey, before Mr. Baron Platt and a special jury, when a
verdict was found for the plaintiff, with 1,0001. damages.
Serjeaat Saes now moved for a rule nisi, calling upon
the plaintiff to show cause why that verdict should not be
set aside, and a new trill granted, en the grounds that
evidence was improperly received and rejected, misdirection.
and excessive dung ea. Readanable evidence, he said, Wei
given of His original letter being 'bread, and not beiag able'
to have it produced in England. The sea ndary evidenee
as to publication was proved by the Rev. 11. Ivers. who
swore the origiesl letter he saw began " Monsieur l'Abbr,"
whereas the letter he way cross examined upon began simply
" Monsieur." Affidavits were now read from Cardin l
Wiseman and two others, deposing that the letter beg lining
"Monsieur" was the only original letter, and that be did not
write the letter referred to by the Rev. 11. Ivers. The
original letter the cardinal had written was in court in the
possession of the party who had come over and bad it in his
custody. It became a question of serious importance now—
a question far beyond any amount of damage—and that was
whether the cardinal had been guilty_ of a falsehood and
more, tor the evidence of the Rev. IL Ivers was to the
effect that the cardinal was putting forth as a genuine
document that which be knew to be a forgery. The
judge, he contended, should have received that letter.
The Lord Chief Baron—For the purpose of obtaining a
rule you need not further labour that point.
Mr. Serjeant Shee—Upon the second point he had wanted
to show at the trial that the word " ezpube" was not in the
original letter—that it was wrongly tranalated.
A rule nisi was ultimately granted, on the ground that
the judge ought to have decided wh. ther the letter tendered
was the origins' or not, and excessive damages.

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