The British Press; or, Morning Literary Advertiser.
London, England, 1822-08-23 00:00:00

report in the Court 'circle yesterday assigns a much
Idler nine for Imo return.

The Directors of the East India Company have
announced, by advertisement, that the builds of
the Company, which now bear an minus! interest
of four per cent. shall, from awl after the 31st
day of Mardi next, carry an interest of only three
and a half per cent. This will be the second re.
duction in the interest of list India bonds since
the return of pracr, for its the year 1818 the Com-
pany reduced the interest f live to four per
cent. We cannot iinuirdiately ascertain the amount
of India bonds at present issued, but we believe it
nut to be very considerable. The premium fell
sonic few shilling* in the market upon the an-
nouncement of this resolution on the part of the
Director., ■nd there was a corresponding slight
improvement in the consols.

This reduction in the amount of interest payable
from year to year by the East India Company was
necessarily to be expected from the universal full
that boa recently taken place in the valve of money.
Capital is now • drug in the market, so that mo-
nied men are actually puzzled about the means of
disposing of their money to advantage. Hence we
find them risking it in the purchase of Spanish
bonds and Colombia bonds, and similar securi-
ties, which a year or two since could never have en-
tered into their speculations ; and hence, too, we
find every species of Government stock on the Con-
tinent raised far above the scale to which it is seve-
rally entitled from the actual credit of the respective
Governments. The recent reduction of the five per
cent. stock by our own Government was on this ac-
count wise in principle, though unfortunately it
was effected by the very worst plan that the genius
of stolidity and ill-contrivance could have imagined.
In consequence a this reduction, the Bank of Eng.
land agreed to lend money at four per cent. for the
temporary convenience of merchants; but the Go-
vernment can raise money upon Exchequer bills at
a far lower amount, and as an equal facility has
been experienced by the East India Company, the
Directors were bound to reduce the rate of interest
payable upon their bonds. There is, undoubtedly,
one public disadvantage in reducing the amount
of interest payable upon our domestic securities ;
speculation in other countries is thereby encourag-
ed, ■nd British capital is sent abroad for employ-
ment or investment; but the Government, and all
public debtors, ought to consider every circum-
stance but of secondary moment iu comparison
with the importance of paying their debts, or di-
minishing their respective burdens. In pursuing
this object they most effectually promote the in-
terests of those whom they represent, for the p►es-
sure of debt is a poeitive evil which no ingenuity
can alleviate by any device short of its removal.

Tut FUNDS.—Yesterdisy Consols were 80ii for
Money and the Account ; Reduced, Slit; Si
per Cent. 93iie ; 4 per Cents. Nil ; New 4 per
Cents. 99111; Long Annuities, 20 15.16 21 ; India
Bond., 52 54 55 50 pr. Foreign Securities : Old
Spanish, 65if ; New dims, 635/ ; Prsosian Bonds,
89i .90 ; Danish, 8811 ; Colombia, 103 ; Neapo-
litan, 75if 76.

Accounts have been received of the arrival of
• British ship at Vera Crux, which, after the 8 per
cent. exacted by General DAVILA, the Royalist
Chief, commanding the Castle of St. John de Ulna,
was allowed to enter the port in possession of the
Imperialists, where she was landing her cargo wheu
these advice. went ■way.

Some apprehensions are entertained for the safety
of the Liverpool packet from New York, as the
ship Illinois, which *ailed from New York the day
after her, arrived at Liverpool on the 1.2t1, instant,
and the shy, London and Panthea, that sailed from
New York the 24th ult., nine days after the Li-
verpool, have arrived, the former off Falmouth oil
the 17th instant, and the latter at Liverpool on
Monday. The Liverpool was to ►eplace the Albion,
which was unfortunately to►t off Kinsale, and ►o
many of the passengers and crew drowned, un the
eid of April last.

The following regulations of Police have been
published for the purpose of insuring all possible
thin:lines. during hi. Majesty's stay in Edinburgh.
The necessity of enforcing such magisterial orders
at this time o'dsy furnishes a fund of reflections,
not favourable at all to the boast of improvement
in civilisation and refinement in the Scotch metro-
polis :

Nu wakes, water, or any deseriptioe of nui ,or
ony article whatever, shall be laid down on the streets be-
twixt the hours of leo o'clock on the morning of a Saturday
and sell o'clock on the Sunday evening following; nor shall
such nuimances be thrown out, et soy lime of the day or
night, on any pretext whatever, from doors, windows, or
stairs; nor carpets or fluor-cloths shaken Nom windows or
stairs; nor shall carpets be shaken in the middle of the
sheets, except betwixt six and eight o'clock its the
morning, or nine sod lea at night: nor shall ashes be riddled
within Ilse bounds of the wilice. All under the penalty of
20s. one-half of the does to be given to tie Wormers, un-
coniserted with the police.

All timid, or other recrels whether empty or containing
JWh, ashes, or other reluar, found upon the airersitur pave.
meola, .111111 be seized and forfeited, cud the owners shall
be liable in the like penalty.

No bskfla carrying boards or baskets, no► chimney.
sweepers with bidders or sacks, shall be permitted to walk on
she foot pavement within the bound. of the police ; nor shall
■ny uiher burdens, which may annoy the passengers, be
carried on said psveinvots, under the like penally fur each
offence as afuleaanl.

Aa ihe frequency of the commission of certain nuisances
upon the streets, lanes, suit pawners, has lung been a re-
proach to the character of the Mg and its environs, all per-
sons cummnhug such offences shall be liable iu the like
penalty aforesaid; sod parents shall be responsible, is lea
...one penalty, for their children, who may hereafter be
communing such degrading offences.
These ore certainly wholcson►e regulations, but to
insert theca in a newspaper is to furnish an index,
uhtch, tor the credit of Auld Reekie, we think had
bceu better omitted.