The Express.
London, England, 1851-06-23 00:00:00

1 13 43 . )4!-
di
33 33

ii iii
si 9 ills
96
111 S
II 9 ells z
2k 1 ••

Tmm 11016 IL NEWCASTLE, AND BERWICK RAILWAY
COMPANY HAIM A3ANDONID Tas CLAIIIIMI it *air bills
now before parliament to empower them to redoes die rata
of third•elsas passenger trains from 20 to 12 Wise as boor.

THE SLIME OF MA CALLIM—An =WU
held at Balsall-heath, near Hinnethate, ae
the body of Mr. William Callen, else onamaing ninth
ender the eircumstamen eensts4 is the Boom of that
day. The medical Woman went Ma thaw eat tbb
ploreble condition of his Alas lei as he vreeibltitra
the physical frame as to probes tumponey NMI
the jury rytnnted a mallet amarektiAr.

MONEY MARKET.

Tay DAY.

Two o'Ctocx.
The English stock market remains very quiet, and
the same observation applies with equal propriety to
every department of the Stock Exchange, not the
least disposition being evinced to take up a decided
line of operations in any description of security,
either home or foreign. Notwithstanding the stagna-
tion of business, prices remain steadily supported.
Coniols have ruled all day at Saturday's quotation,
of 96Z to 1 ox div. for the July opening. The official
business report is as follows:—Three per Cent. Con-
sols for the opening, 961, 1; Three per Cent. Re-
duced, 971, I; New Three-and-a-Quarter per Cents.,
981, k. Bank Stock is firm, and has been transacted
at 2121.
The Exchequer Bill market is firm at a rise of ls.,
all cusses of bills having been dealt in to fair ex-
tent it 425. to 46e. prem. India Bonds, 10001., mark
555. and 53e. prem.
The foreign bond market remains steady, though
with only a small business. Mexican Bonds have
been dealt in at 341 to Z, but within the last half-
hour the price has improved, and is now called 341
buyers. The prices of business as officially /sported
arersarazilian Old Five per Cent. Boas, 861. r
ditto New, 1829 and '39, 871. Buenos Ayres Six
per Cents., 53 Chilian Three per Cents., 641.
Dutch Two-and-a-Half per Cents., 60,1. Mexican
Bonds, for account 27th June, 341„ 1. Russian
Four-and-a-Half per Cents., 1021, 1,
Further arrivals of specie and bullion are advised
this morning. Besides the receipts of 150,000 dole.
at Liverpool by the Canada, several of the American
packet-ships are bringing over further sums, and the
latest accounts report that nearly two millions of
dollars would leave New York for this side during
the next week.

SATLIRDAT EVENING.
The following communication relative to the
Venezuelan debt has reached us from the committee
of Spanish American bondholders :

Committee of SpanishArnerican Bondholders,

8, Broad-street Buildings, June 21, 1851.
The following is an extract of the letter received this
morning by the above committee, from their agent, Mr.
Lord, dated " La Ouayra, May 21, 1851 :"
" The law of ways and means for the ensuing financial
year has not yet been given to the public, butt now can
state that, contrary to all expectations, the senate has not
confirmed the entire appropriation made to the foreign debt
by the lower chamber, but has limited the amount to
500,000 dollars, in this form: ' Foreign debt for interest.
To pay the interest corresponding with the financial year of
1850 to 5.1 at 31 per cent., and on account of what is due for
arrears of dividends-500,000 dollars.' This and other al-
-1 terations have been made by the senate in opposition to the
decided and firmly expressed wishes of the representatives.
The bill, in its new form, was sent back to the lower cham-
ber at the last moment of the prorogation, and, no time be-
ing left for further discussion, the alterations were all
agreed to. In thus acting, the views of the executivehave
also been set aside. II hat the executive will say to it re-
mains to be seen. On the 21st I addressed the minister on
the subject, calling upon him to inform me what course the
government proposed to adopt under the circumstances, for
the satisfaction of the arrear interest. Enclosed I beg to
hand a copy of my representation for the information of
the committee ; and I enclose also some observations, No.
I and 2, on the actual position of the foreign debt of Vene-
zuela, that you may find useful, and I expect they will be
equally so to the Finance Minister.'

Here follows the translation of Mr. Lord's letter to the
Minister of Finances :

"Excellent Sir,—On the 7th February and 19th March
last I had the honour of addressing your excellency, en-
closing a copy of the representation made on each of those
dates to Congress, asking for an efficacious legislative act
for the payment of what is due to my constituents, and
urging your Excellency again for remittance of funds to
London for the discharge of the current interest. I have
had no answer whatever to the said communications,
although they were opportunely delivered to the Finance
Minister personally. As Clogress closed their sessions on
the 4th inst., it is my duty to give an account to the com-
mittee a the Landholders of what has I.otn done by the ie.
gislative body for the arranSement of the claims of the cre-
ditors; and as the original intention of the legislators—to
apply exclusively the extraordinary contribution to the pay-
ment of the past four years' interest due up to the let of April
last, and to assign in the law of ways and means the current
interest for 1851 to 1852, amounting to 371,711 dollars, as
payable with the common duties of importation—has been
abandoned, and in its place the extraordinary contribution
has been applied, by the decree of 23rd April last, to the
public credit in general, as long as it may be necessary to
meet the engagements of the public credit ; whilst in the
mentioned law of ways and means the only sum assigned
for interest of the foreign debt is, •to pay the
corresponding interest of the financial year of
1861 to 1852 at 31 per cent., and on account
of what is due for arrears of dividends-500,000 dollars—
I am under the necessity to request your Excellency to ex•
plain the matter, and the way in which government pro-
poses to set with respect to the four years' arrears of inte-
rest; because after the payment of the current interest of
18.51 to 1852, the residue for the interest in arrear must be
insignificant compared with the magnitude of that interest,
amounting to nearly 1,250,000 dollars. Congress having
assigned in the law of ways and means only 600,000 dollars,
doing this, no doubt, on account of the special dispositions
of the decree of the executive power under date of 27th of
February last, article 1, sections 1 and 2, and on considera-
tion that, in the appropriation made by that decree, in
addition to the 500,000 dollars, would form a sum sufficient
for the payment of the current interest of 1861 and 1862,
and a part of the four years overdue.
"Article 1, and the two first paragraphs of the said de-
cree are expressed in the following terms :
" ' The revenue of the customs will be distributed as
follows:

---'77Section 1. For the public credit, for which will be
continued as appropriated the fourth part of the ordinary
duties of importation.
" ' Section 2. For the reimbursement of any sum that
may have been abstracted provisionally from the purpose
for which it was destined in order to be applied to emer-
gencies, on condition to replace it.'
" Now, from the produce of 771 per cent. of this fourth
part of the ordinary duties of importation assigned to the
foreign creditors by the executive decree of Oct. 1, 1849, the
only sum that has been remitted to London is 12,5001.,
which costa 81,250 dollars, at the exchange of 6/ dollars per
£, remitted by the packet of 22nd July last year, and de-
posited in the Bank of England.
By the most moderate account, the fourth part of the
ordinary duties up to the 30th of Juno next, the end of the
present financial year, must amount at least to 625,000
dollars, and consequently the 77j per cent. on the same
amounts to 483600 dollars. Thus there would remain to
be remitted to London at least 400,000 dollars on this ac-
count, which, with what is already there, and the 600,000
assigned by the law of ways and means for the nest finan-
cial year, would form as amount sufficient for the payment
of three six months' interest due Oct. 1, 1847, April 1 and
Oct. 1, 1848, as also for the payment of the current interest
due Oct. 1 next, an operation exceedingly desirable for the
establishment of the reputation and credit of the Venezue-
lan government.
" I had just prepared tome observations on the actual
state of the foreign debt of Venezuela for the information
of the bondholders' committee in London, embracing
points of great importance, such as the amortiza-
tion of part of the debt, of which it could not be
be supposed that I had any official knowledge ; and I take
the liberty of sending to your excellency a translation of
the same, marked 1 and 2, not doubting that your excel-
lency will receive it with the accustomed indulgence, and
as a small proof of the interest I take in all that concerns
the honour, wealth, and prosperity of the republic.
" If the executive power would deign to adopt the sug-
gestions which I took the liberty of submitting to the
chambers in my representation of the 19th March last, of
which I sent your excellency a copy in my despatch of the
same date—that is to say, to remit monthly to London the
amount of the revenue assigned to the foreign debt—this
would contribute, in a surprising degree, to re-establish
the confider e of the bondholders in the Venezuelan go-
vernment.

" Since, according to the mode of proceeding which go-
vernment may adopt for the payment of the overdue and
current interest on the foreign debt, I may be under the
necessity to amplify and urge the foregoing observations,
and to advance others which I omitted for the present in
order to save time, and not being exactly of urgent interest
at this moment, I have to request most earnestly your ex-
cellency to entreat the president of the republic, and com-
municate to me with all possible despatch the explanation
which I have solicited, which will serve me as a guide for
my ulterior steps in protecting the interest and just rights
of my constituents, whose anxiety has been increased in
proportion to the delay in the payment of the interest, and
the remittance of funds to London for that purpose.—l
have the honour, to., (Signed) "H. J. LORD."
The observations (mentioned above) en the actual state
of the foreign debt of Venezuela, will be given to-morrow.
The discount market appears to be slowly on the
advance. We have no alteration in the rate to re-
Fort; it remains about 3 per cent., but there is an
increase of business, and the alteration in arrange-
ments consequent on the approaching dividends
makes money less plentiful. Although there will be

PARIS, Jams SI.