The Express.
London, England, 1850-08-29 00:00:00

SPANISH BONDHOLDERS.

lcaterdly a meeting of Spanish b;ndholdora took
;see at +he Londoe TSWIM, Bishopseste-street.
JAMES CAPEL, E.g., haviag taken the chair, mid they
wire eased together to remise an amount of the slats of the
zegotiatlons of the delegates of the foreign beadlieblers, and
cf the home credit-re of Spaia, with V. govezameat. He
tasesht the best way to put the meeting in possesake of that
ma for him to read a summary of the negoliatiom with
Ek1291 Bernal de Lis, t►e presid.nt of the Spanish commis-
-I:tt.

The following letter was them read to the meeting:
[Duplicate.]
Madrid, August 14, 1880,
Your Excelleoey,—The noderdaned, Mr. Daniel Weis-
r•preientivive e the London committee, Mr. J.
Werth' im, chairmen of the ernmaittee at Ams•erdam, co-
ia*.tiate of the creditors in France, Prowls, end Belgium,
with the view of ensuring correctness in t►e report which
they 4... it their duty to present to the eommittas which
they have the honour to represent, take the liberty of mie-
n-ming to year Excellency a recapitulation of the result of
it. enfererees, which the conindwion appointed by the
Costive Janes of the debt wee pleased to grant to the dale.
pies of t►e different. committees.

It the toeference of tee 29th July lest, hie Excellency
tte peseddeat, a the agate of the Dinettes Junta, baying
wed ter hie oyiLioa ttat the reoeurces of the state did
Let allem of ea arreattentent of the debt wit/toot a large

wizens* of the espicdo, considered that the goverusria.
was net Is a eolidition to swigs more the, two t misdeed
S ame( reels per sasss fee the Interest of .11 du debts,
L 2 domino and foreigs; sad eeseiderieg that the 3 per
cc% stack, whids cogqt to reseals intact, requires the saw
ti Lacy 6re millions of reale per lIDTUM, there would only
Nowa about 105 mill ons of teals per annum for the settle-
:oat sf the pahlle &tot, as set out in the project of the
preranest—he &Leaded of the iteleestes, first, whether
U.y clowned to a reduetion at the capitals: and, sesseledi
smellier they mewed to nettle did iitively sad forever, sod
b. common mass; the shressid debt at the sum pointed
tot sad fixed.

The daltiateo is their reply have a difficulty La asseatinp
it asw eapoos'ioas, bi helot/ entirely foreiga to their lo-
anietkaa, anatrary to what they stated in the first iotsrview
ovh the dlnseriee junta, and oppcoed to their ponsestal
ereivaa. after dielliou upon toe inutility and loadasiaal
Lay of • reduction at capital, they declared that the pre-
lim/4 Iu woe insufficient for a definitive settleateat.
His lacolloaay the Presides', on deelarias that be would
Mir to the directive jests, istiesated the pcoathaityof w-
agq op the point of redwrias Is the capitols, provided, how-
eler, the creditors would be satisfied for ever, with the sass
anveatentioned for the Had seines:44ot

tt the following conformer, ea the and August, big Ex-
te..ency the President, is the name of the directive junta,
s..,:r•ited another mode of settlement, grounded upon the
2....,rrity of the capitals, vie..
1 , .I,As the di ht which is t., be regulated into two este-
Vt...., that is to my, into a consolidated debt sad a nos-
t.c.•.l;da•ed debt. The first would include the 4 and 6 per
t.L; nem debts, b .th domestic sad foreign, which wcald
kettled by allowing them is the first eight years 1 pet
E t.! i,teresr, and come:minas( from the ninth par to sui-
t .r.t the interest per test. every year till the 24th par,
•r.tc it would form • penology 3 per lest. stock. That
ki Luc consolidated debt would indode the 'impose is
situ, the deferred debt of 1831, the passive debts, the
c•ct wit►out interest, and the remainder of the
dicta motioned is the project of the governasest.
lint all the esid non-cosao♦idstsd debt would be
aun,tted in payment for the maimed properties oa eale in
Peteernt of the waste lamb, sad also of this* of the a•m-
`un.t at the disposal of the government ; and, moreover,
'Ws shquld be saanelly essieraed fur its amertisatios
•a Pr to 20 millions drools.
n delegates desisted that they bad so objeetlee
the debt to be regulated into a consolidated
asolldated debt, provided that there should
▪ the consolidated debt for their integral
years wigwam due upon the sedge debt, se as
•- gems footing ea !he letter, aad ;wielded
,rbt of 1831 and the palsies debts were
peoportim, es well as the old snoonverted
eat.s denuded another day for pekoe
e upon the above 1111014110111 utters dealers-
gomission that it etmaide►ed there wield be
v improvement to be obtained ow thk bode of s

the shave 'motioned demand, soother
place on the 6th of hazed. The delrpatee
solo explained the If MOOS why, to their
4 not reeonseatt to itteir eseeolturrata the
eat seareted at t►e farmer cooler. ace, and
this the oseeptenee thereof might b►, t►ey
their del to sive lafortaatloa t►rrve to
requethig the contaxiallea, at the same
I test. their reasons sad oalealatiesa let forth
sata, la order to lodate the lafAer to adopt
~ sad Gas letter eoloalotoot to Mad to a

me Wm.,
tuft at the dispou
teat there should be
tt, tuts ut 10 to 20
The ferried daken
V. !Le divieion of tho
cv,t and a non•ciese,
lA, 14 included in 1
";Wai the tea 'ears
•-t tre.t.4 on the
tt.s deferred d.l
V.M.ti64 in a hit pe
11", t The deltas'
0 ..I,%diseopinion
41 the commies
ttly a teit on intim
".•se.st.
1a pursuance of
snafu I,oy le plat
as'te'rs u t.tlaa eau
nh'tth.y e
settlement
L• ..err improbable
!,• t'ittitlered it titi
Lwu chnine.et.es,
cAninunicer
ts dmective Jna
't:.t. 11'4161 vie.
4'211 lit•eileit,'