The Express.
London, England, 1851-08-12 00:00:00

The following come
the Venezuelan debt,

mittee of Spanish American bondholders :
The committee have received the following letter from
Mr. Lord, their agent, dated La Ouayra, 10th July,lBsl
reference to the preeading duplicate of my last of
25th ult., I now beg to inform the committee that I have
concluded with the finance minister an agreement, consist-
ing of 12 articles, for the rapitalisation of the arrear interest
to the Ist of April lad, at par, and for the amount. Bonds
are to be issued bearing 5 per cent. inter•sst, and a redemp-
tion fund besides of 5 per cent. per annum—say, 10 per
cent. on the amount of the bonds to be assigned an-
nually, and, after paying the interest and charges,
the surplus to be applied to redemption. This agree-
ment has been approved by the president and bis
ministers ; but the sanction of the council of
government is still required, and that will, I expect, be
obtained in a day or two. This completed, the agreement
has then to be submitted to the bondholders on the one
hand, and on the other to the Congress in January next,'
for their approbation respectively. When the agreement is
before the committee, I trust they will find that it comprises
all needful particulars. The minister has complained to
Senor Rojas that ray last note was couched in strong terms.
I can only my that it was so, because strong language had
become necessary in asserting the rights of the bondholders.
It is fit that I should here apprise the committee, in regard
to the customs revenues, that we are now in the season of
least activity in business, when imports are trivial, and that
the crops have nearly all been shipped off. The active sea-
son usuall)• commences with the month of October, and con-
tinues without intermission to the following May.
(Signed) H. J. LORD.

Considerable int;esicontinues, and very naturally,
to be felt by the Mexican bondholders in the pro-
gress of the affairs of the republic, and considering
the large interests at stake, it is much to be re-
gretted, as we have frequently observed before, that
the bondholders have no regular special information,
such as would enable them to form an accurate idea
of their prospects. The accounts that come occa-
sionally to hand are uncertain, and it frequently
happens that the United States journals are the only
recipients of intelligence from the republic, but the
recent arrivals afford sufficient evidence of the des-
perate state into which the finances of the country
have fallen. With a view to meet the imperati•e de-
mands of the government, four bills were presented
to the Chamber of Deputies in the month of June
(as already noticed by us), the first providing for a
territorial impost, the second establishing a general
capitation tax, the third augmenting the circulation
and export duty on silver, and the tourth levying a
consumption duty on tobacco. All these projects
appear to have encountered the strong opposition of
the press, on the plea of their infringing the rights
of the various states of the confederacy ; but the
urgent appeal issued by the finance minister to the
governor of each state in which he warns them that
without mutual assistance and co-operation both the
states and the federal government would " fall vic-
tims to the disorder attendant upon anarchy," ap-
pears to have had its effect upon the :finance
committee, to which the four bills were
presented, and the whole of them, except the one im-
posing the capitation tax, were reported upon fa-
vourably; whilst the latest accounts state that two
of these measures have already passed the Chamber
of Deputies. The report of the committee throws
more light upon the actual position of the finances
than the bondholders have probably for some time
past been accustomed to. After alluding to the nu-
merous obstacles that present themselves to the adop-
tion of the measures proposed, the committee state
that the consideration they have placed before them-
selves is this, that " within two months there will be
no money for the necessities of the general govern-
ment ; the government will be forced to leave

unattended all the requirements of the public service,
and the nation will tail into dissolution." In other
parts of the report the committee further allude to
the incalculable disorder which such a state of things
would produce, and expressly state—" All lesser in-
conveniences ought to be east aside, to save us from
it; but if unfortunately there be no way of avoiding
it, if the government have no hopes left of prompt
and positive aid from the states, the nation will have
arrived at that point when it will be necessary to
suspend all payments on the exterior debt, sentences
and compromises, whatever be their nature, or rather
there will be no means to attend to the most urgent
expenses." How these laws, which will quite dis-
arrange the present administration of the revenues
of the states, will be received by them, remains to
be seen, but the report alludes, in terms of anxiety,
to the difficulties which will be encountered in their

execution, even when approved of by congress.
The present expenditure of the Mexican govern-
ments is stated to amount to 10,997,334 dubs., and
the revenue to M,139,340 dots. only. From the mea-
sures introduced, it is anticipated thlt a further sum
of 3,000,000 dubs. will be realised, so that there
would then appear to be a surplus of 142,000 dols. ;
but this estimate involves a general reduction of the
salaries of all the government officials, those who are
on active service receiving only three-fourths of their
pay and those who are not so, only two-thirds.
lite subjoined calculations show the rate per cent.
per annum yielded by the various securities cited at
the average of the prices which ruled yesterday.
Where the asterisk (*) is prefixed it is to be under-
stood that the share rate of interest is less the in-
come tax. It will be seen that in every ease we take
the rate of interest last declared as Ale basis of our
calculation :
Three per Gent. Conania prim OGI yield per east. ,C 3 2 d
Throe per Cam. Reduced
New Three.and.a.tluotter per Cents.— 99 3 5
Bank soak 7j per cant. per saw) 210 3 9
India Stock (div. to( per cent. pecan.) 2411 4 0
Binds Mar fiti!tv (Int. lyiL tier day) 4ss. pm. „ 2 4
()rat weaterna £5ll cb. (probable
forthcoming die, M the rate of 4 per
66
cent. per ann.)
Lancanhire 010 t Yorkshire .ClOO
Stock• last div. at the TAW of 2 per
cent. per ann.l
London and :idiot), Western. Stock
((forthcoming dividend at the rate of
3y percent. per 9111111111.1. 34
London sod North *.tervens.Stook (pro-
belle fortherming die. at the rate of
51 per cent. ter ann.)
Midwives Stock (Giritwoming die. at the
rateof ly per ri Id. pet ann.l
tooth )'Opterer •Iwit half-yearly
dividend Ina. ter 301. Mateo. es.si
to SL 6i. bd. care ,er .00.1
Hamburg letters of Friday notice t;.' iise in the
price of gold, which is now quoted .12fil, per nark.
fhe exchange on London had also advanctd
Schilling.
The latest quotations of exchange at foreign places
on London are as follows:
Previous
Quotations.

Antwerp, short
Amsterdam, short
Ditto, 2 month,
Bovrout, 3 months
Bahia
Bremen, short •
Ditto. 2 months
Christiania, short 4.66
Ditto, 3 months
Constantinople 3 mos. 112}
Copenhagen, .hurt
Ditto, 3 mouths
Frankfort, short
Gibraltar, 90 days
Gothenburg, 9) days
Hamburg, short
Ditto, 3 months
llavaiinah lo6}
Kingston, Jamaica, 30 `par, }p. c.
days f dis.
Ditto, 90 days
Leipzig, 3 months 6.20
Milan. 3 months

..4 4 13 01

1 0 0

4 3 4

„ 516 3J

Latest
Quotations.
251'.
1111. 821
116. 75
1141
281 d.
62b 641
616
4.66
4.6 J G 2
1121
$9.
8.86
1181 1
511 d.
11.43
13m.&
13m.41
106 1.
par, 1 to 1 p. c

prem.
par to 1 p. c. dis.
#3.30f
291. 08

110}
2181}
25f. Gr 2
241 85
28 d.

Madrid
New York, (i 0 dugs
Odessa
Paris, short
Ditto, 3 months
I'crnamhuco 2B d.
Porrof Spain, Trinidad,
30. days
Ditto, 90 days — 4140 dub.
Rome 479.50 485
Itio Janeiro
Itiga, 3 months
Nalonica, 3 months 119.20 30 119 119.10
San Francisco
Solemn! llll 1 111 1111
Sydney
Stockholm, hitt/ft
Ditto, 90 days
St. Petersburg, 3 mos 37ld. 38d. 37 15.168.38 1.16 d
fira .. 28.430 28.60
Trieste
Venice
'Vienna
A bill for the increase of the circulation and ex•
port duty on silver, we are advised be the Asia, hte
passed the Mexican Chamber of beputies. The
terms arc of some interest, in connexion with the
produce of the silver mines, in which English capital
is embarked. Instead of 2 per cent. now paid on
silver introduced into the parts from the interior,
the 4 per cent., fixed by the decree of the 10th of
March, 1843, is re-established. The exportation of
gold coin is ti be governed by the llth and 12th
articles of the law of 24th Nov., 1819. Silver coin
for exportation is to pay 6 per cent. instead of 3; per
cent. as hitherto. Silver ware, or the metal made up
into toys, figures, Ste., will pay 7 per cent export
duty. As regards the circulation duties, this law is
to come into operation within three months after the
date of publication, and for exportation duties live
months after that date.
ENULIOII FUN DA.—THIS Dar.
11114 k Stork. 213 16 , Lono Atatoitie.. :4
3 pot (3. 1tcdut...1.:.71 8 i Inliu St,k, 2,13
CperA. COll.l -...,53 i i onto it.u4s, —,—a.
Ct. Cottude, 111 1 9 Eachequa 8i11..1,004t.,16e.43.. pm.
4 for Acct.. ii.,M. 11 966 1
6;01t11021 FUNDS.
11 per Ct. Beldt.n, 13 6 3 per Ct. Heston. 30 1
5 per Ct. 14mill:tn. lA/ 32 6 AcLrt C:ti.X.rxiini 94) 91
De. New. tet ul
per Ct. Buns. Awes, 636 1 5 per CL Portuoic.,. 6't 64
0 per Ct. Chilian. 1,4 6 5 pa Ct. ittut...., 114 110
3 per CL Chiltm 04 0 44 per Ct. Busuut, 1111 21
3 per Ct. Dueo.4l. .0 5 5 per C .. t.4..L0c.h„ .1.-ure„2ol 1
21 per 11. Dula. stu/ et 3 per Ct. Spatioh, 3.3 1
4 per Ct. Dutch, 1.3 i Do. Puuose. 51 1
Ktpuulor. 31 1 21 per CL Veneptelt. 30 2
1 gar Ct. linutadu. 141 151 I Do. Deferred. 1117
Banton= 5 per Cent. 99r 1 Pm.
LATEST FOREIGN EXCHANGES

Lowed