The Express.
London, England, 1849-07-27 00:00:00

At Antwerp the national funds were well main-
tained : the Five per Cont.., 911 ; the Four-and-a-
Half per Coins., 831; the Two-and-a-Half per Cents.,
461; the Five per Cents., 1848, at' 0. Metalliques,
Five per Celit., at 761 to 77. Spanish were very
weak : Ardointe, 12k; Three per Cents., 26,1 ; Ex-
change on London, 23.43 short.
At Trieste there was much animation in exchange.
Bills on London were in good request at 12.6 to 12.7;
also on Paris at 28 5.16 two months; on Vienna,
per cent. three months.
From Madrid the national funds are quoted lower :
the Three per Cents., 26; the Five per Cents., 111;
Dead Debt, 31.
lu a letter from our New York correspondent,
published in our paper of this morning, we ve an
official statement of the financial affairs of Mexico,
which represents the interior debt of that country at
date at 87,514,684 dole., and the /.reign debt at
56,329,075 dole., making a total of 143,843,561 dole.
The above foreign debt is due entirely to this country,
and agrees in amount, or nearly so, with the state-
I meat issued by Messrs. John Schneider and Co. on
the 3rd June, 1846, of which the following is a copy:
The present debt of Mexico amounts to .C10,241,650
which has arisen, it may be presumed out of the fol-
low:lig items, viz.:
To meet the Honda issued by Mem...Wantland Co. in
exchange for principal and interest of original Bonds
and bonus of 121 per cent. on six per cents, u hieb ore :
Active Bonds ... £4,4.23,964 funded at 90 per cent. 4,161,573
Deferral do. ... 4,6.73,91 A at GO _ 2,774,380
And Debentures 462,396 ~ at „ _ 277,438
Add Active Bonds issued for 2-3rda of dividends, duo let
April. 1843, - £91.6a0 funded at 90 per cent. 82,485
Other Active Bonds 7 811,009
Amount appropriated for the redemption of claims on
the tobacco duties and other sources of revenue 2,134,765

.C 10,211,00
The discrepancy between 10,241,650/., according to
Messrs. J. S. and Co.'s statement in June, 1816, and
the official statement from Mexico of Jane, 1849,
shoe ing the foreign debt to be 56,329,075 dollars,
equivalent, at the exchange of 45., to 11,265,8151.,
amounts to 1,021,165/.. more or less, according to the
actual raid ef ex range. It is to be assumed, there-
fore, that this in oof debt has originated in the
issue of Deferre Stock not recognised in Messrs.
J. S. and Co.'s statement, or in the accumulation of
unpaid dividends during the last three years, added
in the official estimate to the funded foreign debt.
The interest upon the present recognised debt
amounts to 512,0821. 10s, per annum, payable half-
, yearly, on the Ist January and on the Ist July.
The Active Five per Cent. Bonds bearing interest,
I prior to the last conversion, amotured to 5,591,6501.,
the annual interest on which wa5,279,582/. 10s.
We are induced to prefix the4bove particulars u
corollary to the following statement which we have
received from a Mexican bondholder, wherein he
clearly bets forth th.eAsesult of an operation in Mexi-
can stock entered into in 1826, defining his present
position as a proprietor of Mexican stock. The state-
ment commences with a purchase of bonds to the fol-
lowing txtent in

1834
Mexican Flve per Cent. Book for
Mexican Six per Cast. do l,ouo 0 0
On which the divldenda were paid to lit July, 1827, £2,000 0 0
inclusively.
In 1831, the arrears of interest from July, 1827, to
April, 1531, were funded by M(6401. !Sarnia Drothcra,
and Ca., at a rate *chichi:ace 3e pet cent. deferred stock
upon the original capital, and 1 then received for my
quotl,
Mexican Five per Cent. Deterred Bondi, to hear into
rest from April I, 1836 £3oo 0 0
Mexican Six per Cent. Deferred Bonds, to hear interest
from April 1, 1836 3OO 0 0

£2,6C0 0 0
In 1337 an arrangement was made to convert the
whof the Mexican debt, both principal and interest,
intoeipial moieties of Active and Deferred Five per Cent.
knock, by which my iwerest shad as lollswa, viz. :
To the above capital of .1:2000 add 121 per cent.
premium on the £1,:l0e:
Six per Cents. (intended to equalise the Five and Six
par Cent. Latina)
51 year's interest on 1:1,000 Active live per tknt
Bonds 293 13 0
11 year's interest on 1300 Deferred Fire per Cent
Bonds 22 10 0
31 year's Interest en £1,050 Active Six per Cent. Wilds 352 10 0
lg year's interest on 1:34.10 livened Six per Cent. Bonds 27 0 0

.03,433 3 0

For wh!ch Mesas. Liasedi
Mexican Cusolidated Five per Cent. Bonds of 1837 £1,700 0 0
Mexican Deferred Five per cent. Bonds of 1817
And provisional certificates tor the balance, in equal
amounts of Active and Deferred stock 3B 3 0
For arrears of Interest from act , 1837, to Oct., 1831,
Mesas. LiAardi and Co. issued debentures to the ex.
tent of one-half of the am suit due l7O 0
And for two-thirds of the dividend of let April, 1838,
payment wu made in Active Five per Cent. Stock

DAM 11 8
In 1348 the latent conversion of Mexican Bond% took place, and—
the iraetlonal certificates not being convertible—my position is now
an follows :

.1:1,700 Active Bonds of 1837, funded at 90 per cent 11,530 0 0
1,700 Deferred Bonds 01 1837, funded at 60 per amt 1,020 0 0
170 Debentures, funded at 00 per cent lO2 0 0

£3,570 nominal capital producing £2.652 0 0
For which I received from Messrs. Schneider and Ct./2,610 Mexican
Consolidated live per Cent. Bonds of 1610, and a provisional certia.
este for £2, the telanec.

The cash. dividends received on my investment from 1827 to 1849
are as folio:ma:

31oletidquarterlydividend on 1,0001. 5 per mute., due
July 1, 1531 1 £l3 15 0
Ditto, on 1.001. 6 per mite., due July I, 1531 1111
Quarterly dividend on ditto, duo Jan. 1, 1533 27 10 0
Ditto ditto due July 1, 1532 27 10 0

Prior to Meows. Lizardi's conversion GS IS 0
On hoods received from Messrs. I,lBardi sad Co., 1,1004
8 per cenLi. :
Six months' dividend, due April 1,1641 ....„
Ditto ditto Oct. 1,1142
One-third ditto April 1, 11818
bin months' ditto Oct. 1, 1843 43 10 •
Ditto ditto April 1,1114
Ditto ditto Oct 1, 1844

3i• 8 4
hree.fourths of 6 inonthe dividend on the 2,6301. Plve
per Coots. received from Miners. Schneider and C 7., 42 is •
due lan. 1, 1817

Add proceeds of the certificstes for fractional amounts 213 I
which could not be converted,
29 2 SI
9 2 8
88 6 8 £B3 118. Bd. iold at 2$ per cent 22 211
0 0

Total sash receipt 1307 5 0
Showing a net return of Ir 9. 51. per cent. per annum on the original
invegment of 2.001'!.
It is curious to observe the various transformations
the Mexican Bonds have undergone, as evidenced in
the succinct history of their eventful career before us.
The compiler, however, of the preceding statement
seta out with one very important inaccuracy, which
mateiiilly alters his actual position from that set
'forth on paper. We allude to his assuming the bonds
as bought at par, whet, the extreme fluctuations for
Mexican Stock in the p-ar 1826 were for the Five
per Centii., 311 lowest, 641 per cent. highest ; the
Six per Cents., 38 lows., 721 highest. Nor does he
account for the first tbre.r dividends, which amounted
to about 160 i. Taking. therefore, these two items
into consideration, *4 appears to us that instead of
only 16ii. RI. prr cent., as stated by him, he mu bark
received up to the present time some Ithoit.i,-
40s. per cent. per annum as the average di dead.
It were well if the preceding statement
operate as a warning to English capitalists, whe,On• -
the delusive hope or securing a better rate of interest,
too easily aid without ri Ucetion invest their fluids in
foreign stocks. Compar d with the Span }h, Porfa. 127
nrse, Greek, and vuious South American stooks, the :",
hiitory we have just given of the Mex!ean. Bendri-j)T