The Sun.
London, England, 1855-08-17 00:00:00

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The last mail from the River Plato:his, firiinglat
copies of a. correspondence carried on 'during the past
Sear-regarding the claims of the Buenos Ayres bcad.-
holders between Mr. Frank Parish, the British Consul
in that country, and Don Portela, the Foreign Minister,
and the entire records even of Spanish Americus
finance present. nothing_msre _disgraceful. Exactly a
twelvemonth back Mr. Parish addressed Don Portals,
referring to the fact of Mr. Giro, who had arrived is
January, 1854, as the agent of the bondholders, having
Government. of Buenos Ayres to
thus far been baffled in every attempt toi,induce‘ this
make Sota,otarraiie-
meat of the debt, although the resources 0,40 ‘..010.1
were improving, and domestic creditors were beiligr}lds
that ..he' had, bee!'
instructed, under
duinndgerwtihthe acinrciuntntisintaanticoen;
to_maka
appeal to the honour and good faith of the State. For
four months, with that cool unscrupulousness which
• only the most despicable Governments venture to
display, this communication was allowed to remain
'without answer or acknowledgment 6!
,any )ting•-•
Mr. Parish then made a demand for a reply, which.
after the lapse of another month, brought out an intima-
tion that the Government had no time to attend to it,
.but that the subject had been that day referred to the
consideration of the Finance Minister. An additional
two months having passed without any attention ivhst-
ever having been given to the subject,. Mr. Parish re-
.newed his application, and at the same time took the op,
portunity of protesting against a decree just framed for'
paying all claims for damages sustained by the filthier=
of Buenos Ay-Fa aunngthe last civil =lick- while the
prior debt to the foreign bondholders, contracted under
the express acts of the Legislature, continued: ,to be
treated with disregard. In three months he was informed
that the Government bad not been able to-stOnti. this
fresh letter, and that they now refused to entutsimaii
reclamations of an official charaater, sines. tba,,debt to
the bondholders was purely of a private character, , sot
-should be treated accordingly, no intarnationkl steps be,
ing warranted unless there had beeriadenial,ofinstice.An'
proof that no such denial had occurred, Thstrißortela
pointed to the fact that the bondholders continued "re•
ligiously to receive" the 1,000/. per month granter airra
1849, these remittances not having been interrupted
even by the revolutionary crisis through which the
country had passed.' With regard to the, par:neat for
damages to the citizens of 'Buenos Ayres, Ins sole atm
tempt at justifioation was comprised in the characteristic
taunt that the bondholders bad voluntaril/ lent therr
money and taken all 'risks, while the damakes to the
citizens had been involuntarily sustained TO thiS Mr.
Parish promptly rejoined by an expotorelot- theiwkole
course of the Government. of Buenas Ayres in rion
to the affair, and by calling attention to 404mA that
their continued refusal to offer any adequate arrange.
ment, and their boast of latterly remitting 1,000/. per
month on a debt of a million sterling, on which the in-
terest has been suspended for a quarter of a century, as
if it were something meritorious, amounted not only to
a denial of justice, but came little short of direct repu-
diation. Finally, under date of the 23d of June,
he announced that the British Government had ar-
rived at the conclusion that Buenos Ayres was deter-
mined to persist in her dishonest course, and that
although they have hitherto abstained from enforcing
the bondholders' claims this forbearance may have its
limits.

[ PRIM
,4b.

STAMPED SD•

The total receipts for the half-year amount to 750,1601-4
including the b &lance from the preiimuihalf-yeses amounts,
and the total expnnses, interest and guamnieed dividends, to
542,136/. leaving umailable far dividend the sum of 208,023 t.,
and the directors r ecommend'that a dividend. (less, income,
tax) be declared, rkvable on the lit day of September
next, of 11. 15s. upon each 10D/. consolidatbd stock, being
at the rate of 3„1 per celit. per annum.

AUSTRALIAN POSTAL COMMUNI-

CATION.

The following letter addressed by the, General
Association for the Australian Colonies to Sir W.
Molesworth has been forwarded to us for publica-
tion :

" General Association for the Australian Colonies,

London, August 15.

" Sir,—As the Minister ortliti_CroNnvto_whose oars
the interests of the colonies are specially confided, I am
requested by the committee of this association to entreat
your attention at this juncture to the unsatisfactory po-
sition in which postal communication with the Austra-
lian colonies has so long been permitted to remain, and
in doing so the committee take the opportunity of •ex.
pressing their high appreciation of the many services
you have already rendered to Australia, and the confi-
dence which your complete acquaintance with its position,
value, and resources, lead them to entertain that you
will mark your accession to office by no longer allowing
so vital a point on steam communication with the mo-
ther country to remain in abeyance.
" Since the month of November last our usual mail
steam•service has been wholly suppressed, and letters
have, in consequence, during that period been conveyed
to their destination with all the irregularity and uncer-
tainty necessarily • incident to the transit of sailing
packets. The colonists cannot admit that the exigencies
of the war, grave as they have been, were, at any time,
so urgent, as to call for their exclusion from the benefits
attending speedy and certain communication with the
mother country, especially as these continue to be en-
joyed to their full extent by other colonial possessions of
less commercial importance. You will not, therefore,
be surprised to learn that universal dissatisfaction pre-
vails throughout Australia on this most important sub-
ject.

"The earnest remonstrances which have reached this
country from the colonies are well known to your pre-
decessor in office, and will corroborate the accuracy of
our statement in this respect. Representations have
also been made by members of this association to the
Colonial-office, the Admiralty, the Post-office, as well as
to the Treasury, and from all those departments we have
received repeated assurances that the question was con-
sidered of the gravest importance, and would have early'
attention. In both houses of Parliament these assur-•
ances have been repeatedly renewed in reply to the
inquiries of individual members. It is consequently
with sincere regret and astonishment that at this ad-
vanced period of the year we find no arrangements
whatever have yet been made for the early reorganisa-
tion of an Australian postal steam-service.
" The uncertainty attending postal communication
effected through the medium of sailing vessels is so ob-
vious that we feel we need not insist upon it. At pre-
sent, it is true, our mails are carried by the fastest sail-
ing-vessels in the world, the owners contracting 'to de-
liver them in 65 days ; but this speed has only been
attained in one or two instances, while, in others, 80, 90,
or even 95 days have been occupied by the voyage.
There is every reason to believe that by the overland
route and by steamers of a similar character to those
employed in other ocean postal steam lines, mails could
be delivered in 50 days ; and to such a service we con-
sider the Australian colonies, by their importance and
their proposed support of it, are fully entitled.
" You are doubtless aware that the matter has received
much attention from the different colonial Legislatures.
The colony of Victoria, as a mark of its ardent anxiety
for the resumption of postal steam communiCation, has
not only voted 50,0001. per annum for that object, but
has also passed an act of Council charging that sum on
its general revenue, as well as placing it at the uncon-
trolled disposal of the Governor. New South Wales aid
the other Australian colonies are prepared to contribute
in the like liberal manner. We would submit, there-
fore, that these grants, with the assistance naturally ex-
pected from Great Britain, are on a scale of such tenni-
tude as to warrant the immediate establishment of a
most efficient postal steam service.
"In conclusion, permit Me to hand you a-list of the
members of this association, among whom you will find
the names of several gentlemen who have recently occu-
pied seats in the Legislatures of the colonies of Victoria
and New South Wales, and of others who have taken
a prominent part in the leading questions of Public
interest in those colonies. The views, therefore, which
I have been requested by the committee to express, may
be said to give a faithful representation of the 'feelings
of the colonists on a question, the importance of which
to Australia it would be difficult, if not impossible,Ao
exaggerate. It is that importance which has induced
the committee to address you in the earneat terms of
this communication, and which now leads them to hope
that the subject will have your serious and early atten-
tion.—l have the honour to subscribe myself, sir, your
most obedient and humble servant,
" WILLIAM RUTLEDGE,
"Hon. Sec. of the General Association for the
Australian Colonies.
"To the Right Hon. Sir W. Molesworth, Bart., her ,
Majesty's Secretary of State for the Colonies."