The Express.
London, England, 1859-02-11 00:00:00

.1 PERUVIAN LOAN.

To the het of foreign statrs which are desirous
of borrowing here must be added Peru. Refe-
rence was made in the Express of yest,rddv to a
new financial plan of the government in-
volving a substitution of one new clam of
Bonds for the heterogeneous mars of Peruvism
securities DOW circulating in the London market. It
appears that the ,cheme includes the raiding of a new
loan of 23,000,000 of dollars, or between four and
five millions sterling. Or. lion Manuel Ortiz de
Zeiallos, until very recently a leading member of
the Peruvian government, in which he held the
portfolios of Finance and Foreign Affairs, is now on
his way here, having resigned with the express ob-
ject of personally conducting the financial negotia-
tions. The bill, which has already been laid before
the Chamber of Senators, proposes that the Breen-
tire shall be authorised to raise in Europe a loan of
50.000,000 dollars (nearly ten millions sterling) in a
Four per Cent. Stock, with a view to cancel the
whole of the exiating foreign debt, and to some the
requirements of the state during the next five
years. As the foreign debt of all clams, in-
cluding the Anglo-Peturian, Uribarren, Hogan
and Lollar Bonds, is stated at an of
26,997,900 dots., it follows that the net ition to
the foreign debt of Peru, assuming that the proposed
loan is raised, will be 23,000,000 dole. This rum
will be wanted during the next fire
_years for a
variety of public purpose* in Peru. For instance,
2,000,000 d 01.,. are to be @reigned to the improve-
ment of the Peruvian metropolis; 4,000,000 dole. to
public works in the provinces ; 4,000,000 dole. to
reeds ; 3,000,000 dots. to works of irrigatiou
1,500,000 dole. to the establishment of national
kit 4,000,000 dole. to the calling in of the Boli-
vian coinage, the current value of which is only
37id. per dollar, instead of par; 3,000,000 dole.
to the improvemest of harbours and docks;
1.000,000 dols, to the improvement of the Cm-
toes•houses ; and 500,000 dole. to the state prisons.
A striking foetus of the project is that the whole
loan of 50,000,000 dole. is to be paid off within five
years, and ia to Do specially Gemmed upon the entire
mem derived from Great Britain. The
guanoi memo, derived
government engages to despatch to Great
Britain daring the five years 1,500,000 tons of
guano, at the rate of 300,000 tom per year, and not
to mad to the other markets of the world more than
200,000 tons per year. It is assumed by the pro-
moters of the project that the guano revenue in
(heat Britain will be ample to cover both interest
and sinking rand of the entire loan. In fact, the
bill provides for the mode in which the go-
rmand is to apply a balance of 4,000,000
dollars, whisk it is estimated will remain
in hand at the expiration of the five years, when
Peru will have no torsi(' debt whatever. la
its pressed incemplete stage the project does not call
for criticism. It will Dolor the bondholders to sift
tiziley it them:mild . Unless the government can offer
them some ' better than the property which
they cow hold, have merely to keep their bonds
and demand that the stipulations therein contained
shall be strictly adhered to. The iroposalapparently
contemplates offering them a betas as an induce-
ment to fall into the new armagement. Urn
an averse* a sum of warty a million sterling
is annually drawn by Para bee this country
over and above the 630,0001. or 700,0004
which is absorbed hors I. interest and sinking
fund on the oxidise debts. The govern-
ment proposes to raise a new leas for its immediate
requirements, and to part shoe ate!' with the whole
of this revenue for a period of five years, when,
according to its estimate, it will have no foreign
lmb;lities whatever.

TES BANIRCITC7 OF NZ I BALLET.
A meeting took place yesterday of tie meditate of
Kr. Frederick Bryant (of the firm of Bryant sad
Davies), general merchant, who stopped payment me
the 21et of last month. The lows within two yews
hare amounted to as much as 55,0001., and have
arisen on shipping, consignments, bad debt., &e. Oa
@hippie( alone the lose amount" to 25,0001. It was
explained by the accountants that much difficulty
had attended their rodearoor to account for the de-
ficiency, owing to the defective book-keeping.
Gering the period referred to the gross profits
amounted to 6,6001., and the capital on the Ist
of January, 1867, was 13,0001. In connexion
with a liability of 7,9671. on bills and pro-
missory notes, much 'Dry heliag was displayed.
Wsth referees:se to the alups, Thomas Arbuthnot and
Thetis, it wts mendened that, Mr. Bryant having
been unable to meet the charges incurred for their
repair abroad, they have pared out of his kande.
The estimated value, V. 10e. per ton, of three other
ships, viz., the Royal Albert, Samuel Boddington,
end Gilmore, is included in the property held by
creditors as security. The belief was expressed by
several creditors that Mr. Bryaat had been aware of
his insolreney for amend swaths. The offer made
was a composition of 6.. in the pound, payable by
instalments of 2& each, at three, six, and nine
months. It woe explained that this offer exceeds
by 4001. or 6001. the actual assets, but friends
had come forward to guarantee the last 24. The
estate is now being liquidated ander the Private
Arrangement Act, but • wish was expressed
to have recourse to the ordinary practice in beak-
ruptcy. Althongh, on a show of hands, the compo-
sition was accepted, it is generally understood that
this coarse will be adopted. It will be noticed by
the subjoined balance-sheet, prepared by Messrs.
Coleman, Tarquand, Youngs, and Co., in conjunction
with Messrs.lioney, Humphren and Honey, that
the estate shows an estimated defiancy of 37,6881.
To Da.
er,llion . . ............ 10 11
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BOLITIT lON THE Af.AD AND INFIRM DEAF AND
Dtals-111% meaty. tasaintid is 1836, Imolai he its thief
MON tbs Marta et man missal • to tants pureo•ll
010,411 roc Ilsoitoto attf, • linv. bir heir burin
and i• wet SesVesss, sal abstain ham it., tat op
of GO )..rs. et bantam so Wire se to be inissabl. of ~alai
their litslarsd. Mkt it. portal &MIMI tau r Wedge.
dny ontiotisir, at Lwow. BLI4
sM. Yet Bert , er.a04.1 las dart. owl tap moat, as
owltiwirrroaly edoded, showal t, in
el tat doers of 0. g. Tem), La. (tr,...ur.r), who was
M 4 Oa *HOW hesders or tat nuttiest's, sad
tistrte•tatal at ft a Isory et M yr
ormsery to 'bet MUM. A -bops* a MIL IT.. 81.
feu tat. ya Mas Brat • bed ban midis& 01 she dad
sad *sob welistyeselandarssevausl dial, sad °Samara
sillgsd t. dasseetams flask assiefteslses, so ski Os sem-
lir of that dose was sow ie/asad, They low-
INes b..s
slow, suses4ll by fry pang imseirrs ads ea&
istilbs we yews aisss ow paw
sherbzzad, epoind IM samba sow as the
flods Is IL 71s Oudsi smug disisibeisd 11 lb. &wily m-
ess& 1.1141111., sad glis Wien la hod to the sod d Ort..bss
kW Ida nit Be. N. J. W. Ls% Isq., Ehm•eourt.l
745, losslsSor-ablsw, SI lb. traders, am mast-
sdesisd besera. Tie oder aeons b...sis bass
dor , *solo goo nisi Ss Ike sisimse, sad the po-
osed!so *nobs's&

110SPITAL rat Coirwurnoir. Bioxiorox.—The
Ira mil Am limool Weldoproo, N.A.,,Crom of alb-
Ism rN Ikasas of NAM fk. WM% bga
oti obis to jamb • mom ea bleat of df. toodloas
Amity el AU 1/141IMWOMII. tamer
Mirk se lasiay main sass.