The British Press; or, Morning Literary Advertiser.
London, England, 1824-04-20 00:00:00

NEW COLOMBIAN LOAN.

We are enabled (says the Courier) to lay before our
readers the following statement of the terms upon which
the New Colombian Loan has born contracted for :

The amount of the Loan is 4.750,0001. stock, and it has been
contracted between Don M. A. Amibla and Iron Francisco Mon.
toija, Agents oldie Republic of Colombia, and the house of B. A.
Duldschmidt and Co., in virtue of full powers and of the decree of
Congress of the 30th of June glut. A general bond, pledgirg all
the revenues of the State, generally, and specifically that of tobacco,
will be deposited *lilt these powers in the Bank of England.
The interest on the loan is 6 per cent., payable half-yearly in
London, without deduction ; the first dividend is payable on the
15th of July next.
The whole loan is to be redeemed within 30 years, and a sinking
fund is established, of 47,5:104 per annum, to be employed in pur-
chasing up bonds in the London market.
The price at which the Contractors have Issued the stock to the
public is 1114 per cent., payable as follows:-
15 per cent, on Wednesday next
10 - May 21 On which • discount of 4 per
10 - - - June 17 cent. per annum will be allowed
!lt) . . - July 12) for immediate payment.
IU - - Aug. 18
„.„ With interest at 4 per cent. '
I° SePt* from Jul next.
134 - - Oct. 15
The loan bears a premium in the market of 41 S per cent.

The framework-knitters of this town and county are to
have a general meeting at the Bowling Green, St. Peter's-
Lane, on Monday next. We understand the object of the
nieeting is to further a plan which has been some time in
contemplation, to raise a fund among the framework-knit-
ters themselves, to relieve each other when out of employ-
ment; a procet ding inhich, we are glad to hear, has the
approbation of a considerable number of the most respect-
able hosiers. The system of reducing wages below a cer-
tain standard on any temporary depression of trade, is an
evil alike injurious to master and workman, and is now
both felt and acknowledged as :melt by the manufacturers
themselves. It is the counteraction of this evil the frame-
work-knitter 3 have in view, in forming relief societies. It
is to enable the workman to say to his employer, when any
unreasonable seduction is attempted, " Sir, I respectfully
thank you for your employment hitherto, but I cannot afford
to work any longer at the prices you now propcse, and
must therefore try elsewhere." And what reasomible ob-
jection, we would ask, can be made to so fair an answer ?
I las not a workman as much right to take his labour to the
best market, as the manufacturer has to obtain the best
price for his manufactures?—Leicester Chronicle.
LANDLI) 1,. vs STMkNTB.—The great depreciation on the
value of money, the reduction of interest to 3} per cent.,
and the prospect of seeing it reduced to 3 per cent. before
the month of May has expired, (and when the 3 per cents.
will probably be at par); has at length awakened the atten-
tion of the thing inn part of the monied interest to invest-
ments quite as secure as the funds, and with prospective
views, much more inviting—we allude to land. It is
known that the present average rental throughout the three
kingdoms, is not more than half its produce twelve years
back—the funds were then at 60 instead of 97. The pre-
sent price of land averages 30 years purchase, at about
per cent., and this income of 4 per cent., it must be re-1
membered, arises from a diminished rental, which at no
distant period may again be doubled, while the speculator
in the Funds can hardly expect to see them go beyond par.
Investment in land is secure, and at the present rental
liable to no diminution ; while the Funds might, even
upon a slight report of hostilities, be lessened in 24 hours
or 30 per cent. —that upon this principle we account
for so many Estates being brought into the market—a fact
which may be illustrated by reft rence to the Auctions in
our Paper to-day. Added to which, we learn the " Ca-
versham Park Estate," for which 130,0001. was expected
last year, is to be submitted in the month of June to the
hest bidder. It is whispered that this Estate will yield
i
3 per cent. interest, and that the Mansion alone cost
130,0001. to Lord Cadogan. Mr. Llsoatox Rowse has)
the direction of these Saks.