The Sun.
London, England, 1839-04-10 00:00:00

her Majesty's ship Racehorse, which arrived at Plymouth
on Sunday last, in the short space of 28 days, being the
qu;cki.st, passage ever knowil:--
" VERA Cauz, MARCH 10, 1639.—0ur last was under
date the 27th ult., and we have now the pleasure to inform
you Mr. Pakenham overcame the difficulty that arose in
consequence of the circular alluded to therein. M. Goros-
tiza, Mr. Pakenham, General Victoria, and the French
Admiral having had several interviews within the last few
days, a treaty of peace, convention, and armistice have
been the result. The terms are highly honourable for
Mexico, and we have no doubt will be approved of by

Congress.
" Mexico is to pay 600,000 dollars, in three drafts on the
Custom-house, at two, four, and six mon.hs; and the ex-
pressions under this head that caused so much offence at
Jalapa are omitted. •
" France does not insist on the retail trade.
" The restitution of the prizes made by France, and in-
demnifications for losses during the war on both sides arc
left to the arbitration of England.
" The Mexicans are at liberty to make a treaty of com-
merce with France whenever they think fit, and no terms
are stipulated for it.
" The Castle, with its artillery (less twelve guns taken
from the French by the Spaniards many years since) is to
be delivered up immediately the agreement is ratified by
Congress.
" The French will be allowed to return and enjoy the
privileges of the most favoured nation.
" An armistice for fifteen days (twelve being allowed for
the ratification by Congress) will allow vessels to com-
mence their discharge immediately.
" The documents were duly signed yesterday.
" We hear nothing respecting the Federalists."
" VEKA Cauz, MARC'S 9.—We have great pleasure
is informing you that the conferences which have
taken place here between Don Edward de Gorostiza
and General Victoria, as Mexican Plenipotentiaries,
on one side, and Monsieur Baudin, the French Ad-
miral, on the other, with the British Minister, Mr.
Pakenham, as mediator, terminated yesterday in an
amicable arrangement of the differences with France. The
treaty of peace has been signed to-day, and it is now being
sent to Mexico for the ratification of Congress, which there
is hardly anyibliht,%';2..be. given.
---/ineantime, it ;s agreeri that the merchant ves-
sels waiting here may commence their discharge as soon as
the Custom-house is properly re-established.
" As yet nothing has been made known officially as to
the conditions of the treaty, but from what we have learnt
on the subject, they are honourable to both nations. Im-
mediately after the receipt of the ratification from Mexico,
the French are to evacuate the Fort San Juan d'Ulloa,
and withdraw all their forces."
WP understand that the sum of 600,000 dollars,
agreed to be paid by Mexico to France, is solely to
be regarded as compensation for damages sustained
by French subjects before the establishment of the
blockade ; and that all subsequent expenses incurred
by France in enforcing her claims are to be left to
the arbitration of England. The office assigned to
our Government is highly honourable, but at the
same time it is one of great delicacy. To overlook
the claims of the thousands of Frenchmen who have
been ruined by the establishment of the blockade
might appear partial ; and yet it would savour
strongly of injustice to visit upon Mexico the re-
sults of a measure of coercion on the part of France
equally unworthy of the wisdom, the justice, and
the humanity of a great and powerful nation. As
the French Chambers are now sitting we have no
doubt but that their generosity and patriotism will
supply all that is wanted to render the office of Me-
diator as free from difficulty as can reasonably be
expected amidst such a confliction of national
claims, and such a jarring of individual interes'zs.
The negociations for a final adjustment of dif-
ferences have been conducted in a spirit highly
honourable to the Governments of Mexico and
France. Of this we have ample evidence in pri-
vate tetters from trustworthy persons resident at

Vera Cruz.
As soon as peace is formally concluded between
France and Mexico the British and French squad-
rons will leave the Gulf—the former proceeding to
North America, where some ships are likely to be
stationed to await the adjustment of the boundary
question.