The Sun.
London, England, 1839-11-19 00:00:00

YEN IN G EDITION.

smugglers. The terms, therefore, asked by the
Ministers, and understood to be final, are these :-
5,000,000 dollars for the first two years ; 6,000,000
dollars for the second two years ; 7,000,000 dollars for
the next three years ; and 8,000,000 dollars for the
last three years. It would not be a matter of surprise
here if the terms were ultimately agreed to."
Three Commissioners from the States into which the
Republic of Colombia was divided, viz., Venezuela,
New Granada, anti Ecuador, are now sitting in London
to consider what propositions shall be made to the cre-
ditors of the republic previous to its partition, for the
settlement of their claims, only about 14 years in ar-
rear. There are two weighty points to be adjusted by
these Commissioners ; one of which is the extent of re-
lief they can agree to afford to the claimants ; and the
other, to obtain their assent to such offer as may be
made. Their first public act has not been of a very
promising nature. Finding how very slow their progress
was, Mr. Robinson, the Chairman of the Committee of
Spanish American bondholders, addressed a letter to
each of them, intimating that applications were daily
received from the bondholders for information as to the
propositions to be made for the adjustment of the Co-
lombian debt. The following is one of the answers re-
ceived, the others, from Snor Fortique, for Vene-
zuela, and Senor Gual from Quito, being to the same
tenour

"1, Dorset-place, Dorset-square, Noy. 12, 1839.
" Sir,—l have the honour to acknowledge the receipt
of your esteemed favour of yesterday.
" In reply, I beg to inform you that the Commission
appointed by the Governments of New Granada, Vene-
zuela, and Ecuador, for the adjustment of the Colom-
bian debt, is now actually engaged in its preliminary re-
gulations, and so soon as its labours are in a proper
state of forwardness, the Commission will be happy to
make the necessary communication to the parties in-
terested.
" I have the honour to be, Sir, your most obedient
servant, I\l. M. MOSQUERA.
" To G. R. Robinson, Esq., Chairman, &c."
We have often said before, that all the acts of these
Governments connected with the liquidation of their
foreign debts have been devised to gain time, and to
keep Lord Palmerston and their creditors quiet. This
ease may be an exception, but at present it bears a
very inauspicious appearance.

HERA LD.—By her Majesty's ship Pique, letters
and papers have been received to-day from Quebec,
with dates to the 23d of October. It appears that Sir
John Colborne, who was received most enthusiastically
at Quebec, is to return home in her Majesty's ship
Ringdove. The merchants of Quebec had presented
an address to the Governor-General, wherein, after re-
ferring to his former opinions on the trade of that colony,
which differed materially from their own, they expressed
their satisfaction at receiving him, because they never
doubted but that from the moment of his undertaking
the government of the colonies, his strenuous and un-
biassed efforts would be directed to the promotion of
their interests, commercial as well as political. They
then added :

" We are fully persuaded that the withdrawing of that
protection, hitherto afforded to the timber trade of the
British North American colonies, would not only be fatal
to their prosperity by destroying their greatest staple
trade, and weakening the bonds that now happily unite
them to the mother conntry, but also highly injurious to
the empire at large.
" We, therefore, confidently hope that when your
Excellency's mind shall have been more particularly ap-
plied to this subject, you will be satisfied that it involves
the question of supporting or abandoning those im-
portant elements of national strength, ' ships, colonies,
and commerce:"

This address concludes by alluding to the commercial
and agricultural capabilities of the colony, and expresses
the hope that though the task of developing those latent
elements of prosperity, and thus establishing tranquillity
under a just, firm, and steady system of government,
may be difficult, his Excellency may achieve it. To
which the Governor-General replied generally that he
would endeavour to avail himself of all his practical
commercial knowledge to advance the capabilities of
the two provinces and ensure their happiness and tran-
quillity.
The private letters state that the Governor-General
will proceed to Montreal, and from thence to Toronto,
in the Upper Province, in which city the seat of Go-
vernment will be held during the winter. All parties
seem disposed to receive Mr. Poulett Thomson well,
but the compliment of fixing the seat of Government in
Toronto for the winter arises, it is said, from the desire
to convince the inhabitants of the Upper Province of
the advantages that would arise from the union of the
Upper and Lower Provinces. Flour and wheat were
generally deficient this year, but the two provinces had
purchased largely from the United States. Trade was
dull, but no political outbreak was apprehended. The
new Governor-General appears to have received some
strong hints as to the line of policy which the colonists
expect from him, in all the addresses already presented.
The Money Market continues tolerably easy at pre-
sent, so far as regards the discount markets ; these
must, however, be governed by the rate of the pre-
vailing exchanges upon the Continent, which from Paris
come higher, as also from Hamburg ; from Holland they
come lower, but the general influence of the foreign ex-
changes in this market will probably be modified by the
circumstance that gold is cheaper at Hamburg and St.
Petersburg, and therefore the amount of silver coin
here, for a short time, will somewhat tend to keep the
tide of exchange in favour of this country. Operations
arising out of these particular circumstances will pro-
bably be some somewhat supported by the anticipated
imports of flour, as well as cotton, from the United
States. The derangement of the United States Money
Markets will tend much to nullify the latter operations
collectively, because it is known that we actually do not
want bread stuffs, and that we are overdone with Ame-
rican State loans, stocks, &c. At this moment there is
tome appearance that British Securities will advance,
whilst Foreign Securities and produce cannot for a time
be well expected to be strongly supported by the in-
fluence which the operations of the public may give to
the international debt of this country.