The British Press; or, Morning Literary Advertiser.
London, England, 1826-10-24 00:00:00

MEETING OP GREEK BONDHOLDERS.

A Meeting of the Persons holding Oreek Bonds was held yes.
teedsy at the City of Lobdon Tavern,. Bishopagste-street,
to advertisement, to receive the Report es[4.ll.lmornittee appointof
at a Meeting held on the 4th of September, neidilec ether purpeeto
connected with the affairs of Greece. • • •
At the appointed hour (one o'clock h betwoententsjois:: Rrty Bond.
holders having assembled, it wait moved that el Stlr•Sope
should take the Chair.
Colont I STAN noes:, having taken the Chair, stated that in con-
sequence of the unfortunate state of Greece. and of the delay which
had taken place in the departure of the naval armament, as well to
the depressed mate of Derek Bonds, a Meeting was held on the tat
of September, to take such measures as should be deemed necersu?
for pmninting the interest of Greece and of the Bondholders. At that meeting a Committee was appoint d. of which he (Cola*
Stanhopey hail the honour of being a member, and, as Chaimft4
of that Committer, he would now request his gallant friend (Cola.
nel Jones) to read the Report of the proceedings of that Committee.
When that Report wan gone through, he would take the liberty of
making a few observations on the subject of the two loans, of die
nasal aratamen:s, and on several other pointer
A Rt port w.s then read, of which the following Is a copy :.-
REPOIIT OP THE COMMITTEE APPOINTED AT A PEILIC
MEETING OF THE OBESE BONDHOLDERS, HELD AT Tug
CITY OF LONDON TAVERN, SEPT. 4, 1128.
Your Committee respectfully repot that the gnat season they
decided on was, to solicit the assistance of tit contractors of the lint
and second loans,ie and of the Greek
.Deputim. Stews. Legghorn,
Soh, arid O'Brn. oared etery infatuation that might be
quired at their hands.
Al ems. J. and S. Ricardo refused to recognise°, to communicate
with your Committee ; and though your Cootehtte have employed
every toren, which they could devise, in order atebtain satiafactory
information for the ilondholderis and to fermis* those object* for
which they were appointed, yet Moon. Illieardithdre thrown ev impaliment In their way. say
Alr. burionis and Mr. Spagitiolickl ettpwsweilPehefr 'anxiety ,
further the objects of
your fps mums,. en firi Ali' lbw low s
the former has, wainim ec two meeoptibasoemikly tebteyed the
information your aosilaitaipflood toe. • r
Mr. Spagniolacki given the Committer hireoistkoct in andi
big the amounts, but hassotaseaseddit se adept die ITCSIMADetuts. Dons of the Commitseity in obtaining the moon* float Mews,
Ricanlog.nor in c4nyinge4eir main as te depotiting
in
the Bank of England sundry Hoods bald ter et the (;task
Government.
The inquiries of your Committee have met with many obstree.
tions and difficulties on every side, and they hare been
gether disappointed in finding that sincere co-operation which might
have led to a complete elucidation of past transactions, and have
given efficient security for the future.
The inquiries of your Committee, however, they haw, reason to
: public alit.
uss torrection of
errors d
believe, have produced new and great exertions for the despatch of
imonriant assistaLce to the Greeks.
They have induced valuable communications from the Commie_
tea of
ist have been committed, cannot but product a salutary
France anateiitlaSuwenitre.rlothnodu,gasiglinhxuaefsecieenxcittror
the
control upon any future plans.
The first loan was contramcd for in the beginning of 11324. and the
eionn F
Greek Committee appear to have sanctioned the arrang Minnts made
with Messrs. Loughnan, Sun, and O'Brien. as conttacton ; the
proceeds were not controlled by the Greek Deputies wittiest the
panction of Mr. Edward Ellice, Mr. Joseph Hume, aad Mr.
Louglman, sera ~ who were appointed trustees, and it wits stipulated
that the monies should be remitted to four other trust( is in Greece
(of whom three were Englishmen) to watch over the p toper anprir•
priation of the same. Your Committee earivt but regret ti le'. A'
similar arrangement was not made in the second loan.
The following is a statement of the assets and dub memento of
the first loan:—

TUE GIILLk GOVERNMENT IN ACCOUNT WITH THL:DEPUTIES
FOY LOUGHWAN'S LOAN Of MAW.
T.

Interesi- - • - , • - ORAN' 0 0
Commis ion on Loan, and Shipments to Graeae - 25.416 9 2
Sinking Fund - - 11,000 0 0
Specie sent to Greece . - - 2141726 14 9
Stores sent to Greece - - 10,043 6 3
Bins down from (ireeee - - - 6,1139 15 0
Expenses of Agents, /cc. - 1.4127 15 10
Loan of Lord Byron, and interval re id - . OW 6 g
Freights and Passages paid . . • 1,624 13 11
Mr. Orlando, for 10,0004 Bonds - . 5.900 0 0
Individual Expenses of the Deputation . 5,943 0 0
Advertiseuirnts and Solicitortt' Bills . . 140 9 0
Balance paid to 31casra. Ricardo and Rani . 21,001 0 0

£4l/ %217 II 2
Cr.
[man o'' 800.000/. as9a c. . . £43.000 0 0
Interest on payments deferred . . 1.425 19 2
Profit on 109,0 M. Bonds bought and 'lsola - 6.5:91 12 0
Allowed by Loughuan and Co. to adjust differences LOW 0 a

£4110.317 II 2
In the appropriation of the ah,ire, one item alone appeared to
your Committee wanting elucidation, via. the payment of 4.9001.
for stsck, standing in the name of dlr. Orlando. That gentleman
has let England, and Ale. Luriottis profeassee himself unable to
explain it, or to state in whose hands the bonds arc deposited for
which that sum was paid. As they have been paid for out of the
monies of the Greek (Imiernment, your Commit* menet that
these bonds must be coosidered as the property Dishy Goveroment.
It appears, by sundry docarneock that the Utak Cominitiiit,
tinder whoseauspices the first loan anis (*affected far, did, ea va.
rious occaslops, urge the Deputicsto apply a pars fir the tint loan
to the purchase of ships of war. of steasnsvesiiki.ef battering
trains, and to the immediate formation of reraltir and efikett
troops ; but whether the lamentable neglect of °kitty; so importa,
is to be attributed to the Deputies, or the Goverfuneut, your Com-
mittee is unable to state. '
The Greek Committee urged on the Greek Govannient, that a
survey should be wade (under the direction of truatees)of the no.
tional domains, whose revenue should be applied q the payment cf
the interest, and whose tieehold should be held m sootily for the
principal of the loan. It is greatly to be regrew that this ar-
rangement was not carried ir.to effect.
The following is a statement of the assets and athursements of
the second loan :

...........................
THE GREEK GOVERNMENT IN ACCOUNT WITH THE DEPC.
TIES FOR MESSRS. RICARDO'S LOAN OP 4000,000.
Dr.
Interest for 2 years . . s .1200.000 0. 0
Commission - 64,090 0 0
- -
°Brokerage, paid to 31r. Beal - . 4.800 0 0
Sinking Fut d - - - • :4,000 11 0
Specie sent to Greece - . - 182,401 14 4
Bilk drawn from Greece . - • 33,713 5 6
Stores sent to Greece - - . 59,732 19 6
Expenses of Agents - - • • 2,2/27 IS A
Freights and Passages paid . . 339 9 0
Set aside for a projected Expedition - . :160,01/0 0 0
Paid for Frigates building in America - 136,990 5 U
250,000/. Bonds of tithe rat Loan purchased - 113,132 0 0
Sent to Colonel Gordon - - 13,108 1 6
Due by 31r. Orlando, u per his Account - 5,030 9 11
.
Due by Mr. Luriottis, as per ditto . . 4,.32 11 U
Individual Expenses of the Deputation - 6,71519 8
Lou on Exchequer Bills, and on Money sent to
Marseilles and returned - - 411 12 0
Ditto by Failure of Mr. Alsyrocordato - . 2,03 5 3
Penalty to Alr. Contostavhis, for the non-fulfilment
-
of a Contact for Guns - 1,000 0 0
Paid to Alr. Graham for Milhavy Stores, not s et
on Account of the Proclamatim - . 2.000 0 0
Sent for the Relief of Missolonghi - 3.330 0 0
Arms and Clothing sent from Paris to Greece PJ,093 6 6
Paid to Captain Al M - ulls and his crew 915 0 0
Advertisements and Solicitors' Bills . . 110 10 V
Assistance and Charity to Poor Greeks in Louden 204 V U
183,000 f. Bond. bought by Messrs. Ricardo.
158.0001. Bonds of 20 Loan, bought for account cif
the Greek Government, by order of the Deputes - 61.910 0 0
14,0001. Bonds of 2d Loan, bought for individual
.
account of the Deputies - 7,420 0 0
13,0004 paid for by an Individual order of Mr.
Luriottia, at the price of 534 and 54, instead of
23 a. 3. . . 6,940 0 0

3:1 0001. Bonds, bouttbt by Mr. IIAIII.
210001. Bonds of 2d Loan, bought fur account of
the tir,:ek Wvernment - 10,806 5 0
8,000 ditto, taken up at 81 . 4,320 0

Commission b Mr. Rulli
Balance

2173 18
341 18 3

•
-*

Ala:feat] 7 3
ee
Loan of 27000,000 at 65i . . 1,110.000 0 n
. -
Received iron, Messrs. Loughnan ;x,132 7 3
Part interest on 230,0001. Bonds of Ist Loan bought ti 23 0
Interest to Ist January, 1826, on 185,000 Bonds of
2d Loan, ditto 4,G2. 0 0
Ditto, ditto, on 33,0001. ditto, ditto . 825 0 0
Subscription front Calcutta, receavdt. wie Mr.
Orlando
„ In this statement of the 4;1,145,44g 7 3
- len to the Greek Gower-
ment by the Deputies, y deem the following items
worthy of inquiry.
Independently of the of 81,00111. allowed to slessrs
Ricardo b this contract,:=l/1411,1111.1. le charged as paid to
NIT. Bonale, the broker, for negociatini the loan. The onsiv,r
which Mr. Luriottis has given to your Cestmittee on the subject
in the following words: ie
" The Greek Deputies having received Instructions from their
Government in October, 1824, to conclude a leen, and finding this
price of the bonds'of the fOrmer Loan much depressed, were n' able to obtain it previously to February, 1623, alter certain ow:a-
-t
tlas* ordered by Messrs. Orlando and Zalmis, in the absence oNtle.
Luriottis, who was at Paris, to be executed by Mr. booth!, foun-
tain those bonds in the market. In consequence of those open-
thins, the funds were supported, and )1 I emir s. Orlando and Zahn's
were enabhed to obtain a loan through the agency of Mr. Boniii,
who lust the 4,800/. which the Deputies repaid. '

1,200 0 U