The Sun.
London, England, 1837-04-14 00:00:00

THE FUNDS.-.(THIS DAY.)

CITY, TWELVE O'CLOCK.
Our arrivals this morning are the French, Ostend, and
Dutch mails; and ship-letters from Rio Janeiro, Valparaiso,
and Bahia; Mauritius, December 15, Bombay, December
23, Calcutta, Jan. s—not so late a date as by the overland
despatches.

Buenos Ayres papers to the 15th January bring a commu-
nication from the Government to the House of Representatives
on the financial affairs of that Province, which is a very long
document. The following is an extract :
" BUENOS AYRES, JAN. 1, 1837.
" The Executive Power to the Honourable Representatives
of the Province :

" The perusal of the Message will have informed you of
st.tte of the province. The Government has there manifested
that in consequence of the reforms and savings which have
been effected, the revenue is more than sufficient for the exi-
gencies of the service in an ordinary state. In 1837, in con-
sequence of the domestic debt, interest,and estimated extraor-
dinary disbursements, there accrues a deficit which it proceeds
to state. The revenue of the province in the present year will
in all probability amount to 12 millions ; and as the estimates
amount tot 18,315,124 dollars, 74 reels, it leaves a deficit of
6,315,124 dollars, 74 reels. The interest on the public fund,
that on treasury bills, the loss on the discount of custom house
bills, and the return duties, amount to 4,121,199 dollars. The
pressing debt amounts to 5,465,200 dollars in treasury bills ;
1 088,466 dollars, 11 reels; arrears to April 1835, 1,775,982
dollars, 4 reels ; debt contracted since May 1835 up to
the present date; and 800,000 dollars, which should be
added far other disbursements, and the payment of debts,
which may be claimed, form a total of 9,129,648 dollars, 5i
reels. The capital of the treasury bills, which bears interest
at 1 per cent. per month, and that which private individuals
employ in the discount of custom-house bills at one per cent.
per month, amounts to 10,000,000 dollars ; from which it
would appear : —l. That the deficit is something more than
one-half of the revenue. 2. That more than one-third part
of it being employed in the payment of interest, and in the
operations of the treasury, there only remains at the dis-
posal of the Government for the crdinary and extraordinary
expenses of 1837, less than the other two-third parts. 3. That
the debt of the treasury, in bills and otherwise, paralizes,
in a great measure, the course of public and private business.
4. That the said capital of 10,000,000 dollars, of private indi-
viduals, absorbed, in the payment of its interest and discount,
one million and a half—something more than the ninth part of
the ordinary revenue. After the foregoing information and
remarks, it only remains to designate the means to pay all,
without injury to any one. These means, which ought to suf-
fice for all, are the creation of a capital of seventeen millions
of dollars in public stock ; creating at the same time, for the
payment of its interest, a revenue equal, and appropriating,
according to law, for a settled sinking fund on the same reve-
nue, the sum of 170,000 dollars per annum, which forms the
hundredth part of the capital.
" PROJECT OF LAW.—Article Ist. The Government:is em-
powered to negociate with the province the sum of seventeen
millions of dollars of six per cent. stock.
" 2d. It shall not be sold at less than 60 per cent.
" 3d. That there be especially appropriated to the payment
of its interest and redemption, first, the direct tax ; second,
the stamp impost ; and third, the general revenue.
(Signed) _ " MANUEL DE ROSAS,"
_ _

The Nle.i.sage of the Government of the Province of Cor-
rientes to the House of Representatives of the said province on
its opening the Sixth Legislature, was published in the Gaceta
de Mercantile of the 9th Feb. It is extremely long, and con-
tains congratulations on the continuance of domestic tran-
quillity, and the firm resolution to uphold in the province the
Representative Republican Federal system. Exchange from
Buenos Ayres 73- pence.
Extract of a letter from the Isle of France, dated Oct. 22 :
—" We expect two steamers here shortly from England, one
for Calcutta, and the other for Bombay, to be employed in
keeping up the communication with England, through the
Red Sea."