The Express.
London, England, 1853-07-23 00:00:00

This, no doubt, is done in opposition to the mea-
sures contemplated by the Committee of Portuguese
Bondholders, for issuing certificates for the overdue
interest ; but whether they are recognised or not,
the liability of the Portuguese government, as repre-
sented by the certificates, will still remain, and can.
not be got rid of. The non-recognition of committee
certificates by the Agent of Portugal does not
surprise us, seeing that so many certifi-
cates, bonds, and other documents issued from
time to time, under official authority, and
bearing the signatures of the Queen and her minis-
ters, have been in like manner repudiated. We are,
however, authorised to state that the advertisement
of the finance agent will in no way affect the inten-
tions of the committee of bondholders; but, on the
contrary, it will give an additional stimulus to per-
severe in exposing the financial jugglery of the go-
vernment of Portugal. It is further stated, that a
small per eentage, amounting to perhaps one-eighth
per cent., will be charged on the amount of certifi-
cates to be issued, in order to defray the expenses—
and whatever balance may remain over will be ap-
plied to 'he erection of a marble tablet, to be placed
in the Portuguese walk of the Royal Exchange,
commemorative of Portuguese dishonesty. Had
the Portuguese government paid so much
regard to common decency as to ask its creditors'
consent to the confiscation lately decreed, so stroug
a spirit of opposition would not have been excited
amongst the bondholders; but when the Finance
Minister coolly decrees a reduction of Five and Four
per Cent. Bonds into a Three per Cent. debt, and in-
forms dissentients that they will in future be paid
at the reduced rate, whether they give in their con-
sent to the arrangement or not, we cannot help sym-
pathising cordially in the feeling of indignation
evinced by the victims.
Land shares were generally fiat to-day, specula-
tion being stagnant. Australian Agricultural, Peel
River, and Van Dieman's Land, all gave way. Bri-
tish American and South Australian Land were dull.
Crystal Palace shares were rather flatter, closing 1
to 2 prem. Australian Bank shares were firm, and
Bank of Australasia further improved 108. Victoria
bock shares (41. paid), mark 6i.
A call of 11. has just been made on the shares of
the Antwerp and Rotterdam Railway Company,
payable on the 25th August ; and a call of IL on
the Four per Cent. Preference shares (of 201. each) of
the Great Southesn and Western Railway of lre-
I land.

A dividend at the rate of five per cent. per an-
num falls payable on the paid-up capital of the Ma-
ritime Passengers' Assurance Company on the 21st
August.
The quotations of foreign exchange to-day were
generally rather higher than those of last post, espe-
cially for Hamburg, which was done as high us 13.7,
bills remaining over at 13.61. Short paper on Paris
was mere offered, but there was considerable inquiry
for there mouths' bills, the difference in the quota-
tions of these two classes of paper being greater
than usual. On Amsterdam the rate was unaltered.
Bills ou St. Petersburg were in demand, at 38d.
money. Frankfort ruled at 119} to ; Vienna,
10.51 to 56 ; Trieste, 10.56 to 58 ; Lisbon, 034 ; and
Oporto, 534 to 4. Business in this market was but
limited.
Annexed are the latest reports from continental
bourses, as received by Mr. Reuter's telegraphic
express :—Amsterdam, Thursday, closing prices:—
Dutch Four per Cents., 951 ; ditto Two-and-a-
Half per Cents., 63 13-16 ' • Spanish Deferred Three
per Cents., 23 1-16 ; the Certifs., 6 ; Portuguese New,
381; Austrian Five per Cent. Metallic'', 824;
Mexican New, 261; Granada Deferred, 9 5.16;
Equador, 4 3-16; Peruvian New, 804. Pane, closing
pnces of this day :—Four-anl-a-Half per Cent.
Remo', 103.50 ; ditto Three per Cents., 78.80';
Bank shores, 2,735. Vienna, Thursday :—Five per
Cent Metallios, 944; Exchange on London, 10.41;
Bank Shares, 1,408.
The account of the position of the Bank of Eng-
land for the week ending Saturday, the 16th of July,

is as follows:
BANK OF KiOLAN

1!;!,.I !PP

No' Juno .....

'Y for the week ending July 16, 1863.
1/111311INT.
Goverrunent gmoi-Ao,
Other eteurlOw 1,464.900
Gold Ooln and I'W.LIOII 17.6311.701
Oliver Bunton

DADIIIIO DI
I..copektort' Capital ,04,163,600
3,24 .22.4.11
Mao Dupositslinclud
Itzabioq., rAv. Dnte,
Oasatufs. of atioral
Deno' d LL. Au 34.1 2.332.814
Other I),:nre.ts 13,1 2 Ou4
devie4iyaladotbscistllo 1,40d.8D.3

431.biW853

Potwittea
finclud. Dead W.l ht
An:rdty) M 3.757.333
Other aseurttki 13.0,34410
Notes
Gold and Myer oo4a 47.4.+4

July St. 18S3.

This return, when compared with the previous
week's balance sheet, shows the following re-
sults:
Circulation issue
Circulation active 23,888,060 Increase 81,080
Public deposits 2,332,814 Decrease 1,620,516
Other deposits
Oevernment seeurities in
banking department
Other securities in banking
department
Coin and bullion in both
departments
Seven day and ether bills 1,408,893 Decrease 247
The Rest
The Reserve 8,135,288 Decrease 321,406
The changes exhibited in this return are chiefly
attributable to the dividend payments. The decrease
of three quarters of a million in the item of Govern.
ment securities held by the Bank, following the in-
crease of nearly a million and three quarters last
week, is the most curious feature of the return.
With the dividends in course of payment, and the
item of public deposits (which inoludes several of
the national accounts) reduced to so low a sum, it
appears scarcely probable that government could
have afforded to repay so large a proportion of the
advances made it by the Bank. The stock of the
precious metals continues to diminish at an average
rate of about a quarter of a million sterling per
week, notwithstanding the imports from Australia.
The falling off in the amount of private securities
held by the institution is again heavy.

LONDON COURSE OF EXCHANGE.-JuLy 22.
Time. Prices as negotiate.; this day
13.11, and M. Money.
tinsterd.Arn
Ditto
flotterdam
Antwerp
Brussels . „ „ 201 r. tee. ... 2512. 221 e.
U 11111197 and A.. ,I 3 .. „ 13uos. Bjechl. Itracs. loco 81. Petereburg
Paris per £ Phort 2512. Or. ... 251 r. 05e.
Ditto „ 3 Montha23lt. 24. e. ... 25fr. 25e.
Marseillt,
Frankfort-on-11.e.Mainener £lO „ 11914. Sr. ... 1191 d. kr
Vienna (effective) pet L .., led. 54sr. ... 10d. 56ar.
Trtecte
Modrie per dollar „ 50 pence ... 49i pence
Cotta „ „ 501 pence ... 511 pert°.
Bisbee
Parcemia. , ~ 431 pence ... 491 pence
Malaga w 0 pence ... 491penee
"leville ..... w 91 truce ... 491per.ce
Gibraltar
Leghorn ............- " 7, 291r.831e. ... 291 r. 6710.
Genet
Naph, per Am „ 411 pence ... 41 Rine
I alert la per evade „ 1211 pence ... 121 pence
..1 wit..... .. 125 peace ... 124 peace
itsbon per mttrer9o day, date 51( pence.. 53 pence
I 'poen 531 pence ... SSI ernes
New York agars sight 481 peace ... 494 pence