The Sun.
London, England, 1862-07-30 00:00:00

THE VENEZUELAN LOAN.

The new Venezuelan loan of X 1,000,000 is to be
introduced by Messrs. Baring to morrow. it wilt
consist of a 6 per cent. stock at 63, with dividend
from the Ist. of May, and an annual and accumula-
tive sinking fund of 2 per cent., calculated to re-
deem the debt in a per od of less than 20 years. The
interest and sinking fund, requiring .£BO,OOO, are to
be specially secured by the typothecation of 55 per
cent. of the Customs receipts of the ports of La
Guayra and Puerto Cabello, which are relied upon to
produce a minimum sum of £164,000 per annum,
and Mr. Orme, the British Charge d'Aff tires, is by
permission of Lord Russell to act as receiver of
these cues, in conjunction with Mr. Mocatta, as
agent of Messrs. Baring. The balance of the duties
not required for the new loan is to be appropriated
to the old debt, which carries 2 per cent. interest
for the next three years, and thus requires an
annual sum of only £70,000. After 1865 the in-
terest is to be raised to 3 per cent. The arrears of
dividend on the old debt are £6 on each £lOO bond,
and these, making an aggregate of £214,000, are
to be capitalised in a 6 per cent. stock, requiring
£12,840 per annum. The estimated amount of the
hypothecated Customs dues will therefore just
clear all present charges. and their gradual increase
with the progress of the country may, it is hoped, in
1865 yield the additional £35.000 that will then be
required when the interest on the old bonds is
raja, dto 3 per cent. For the dividend due on the
latter for the half-par ended on the Ist inst., at
the rate of 2 per eent. per annum, £1 is to be paid
in cash. With regard to the prospects of Yen, -
zuf hi, the following note, addressed by Lord
Russell to Mr. thine, at Caractas, has just been
print. d

"Foreign •office, London, Feb. 4, 1862.

" Sir,—Her Majesty's Government has learnt with plea-
sure from your last d. spa'ches that, under the existing
Government of Vent zuela, the situa ion of the country has
very considerably improved, and appreciates in the fu:lest
extent the efforts which, amid grave fiscal embarrassments,
the Government of Venezuela is making to meet the claims
of foreign subjects against the Republic.

" The natu, al r• soirees of Venezuela, and especially the
capac ty of its soil for the pr, dm lion of cotton, may be the
means of eeveloping commerce between Great Britain and
that republic with great anvantage for both.

" Protection to lite and property is, before all things,
what is wanted in Vene.uela, as in all other parts of South
America. Withcut that, the country can neither prosper
nor can ioreigners be expected to employ their capital in
commerce or agriculture, nor that immigrants should pro-
vide the necessary labour for the development of the culti-
vation of cotton.

" You are authorised to communicate these ideas to the
Government of Venezuela.—l am, itc.,

" RUSSELL.

" To Mr. F. Dr Orme, C. 8."

THE MURDER OF MR. FITZGERALD.

THE TRIAL OF WALSH.
LIMERICK, Monday Night.
Shortly before the court rose,
James Walsh was placed at the bar, when Mr.
Justice Keogh said he had received a letter written
on behalf the prisoner, and he desired to know if
tie prisoner wished to have counsel and attorney
assigned to him_
ne prisoner said he would wish to have Mr.
Blaeliall assigned to him as attorney.
Mr. Blackall observed that he would rather de-
cline 'o act in the case.

Three other professional gentlemen were then
named by the prisoner, but they each declined to
act..

Mr. Blarkall said, under the circumstances, he
would undertake the defence rather than allow the
prisoner to remain undefended.
Atter a consultation an application was made to
have Mr. J. C. Coffey assigned to the prisoner as
cminsel.

Mr. Justice Keogh said he would assign Mr.
had power to assign a second
Coffey, and as he
counsel, he would,in the morning assign another
member of the bar as counsel for the defence, if the
prisoner desired it.
The prisoner was then removed.
As yet no bills have been found against the
Detants.

LIMERICK, Tuesday.
On the application of the Crown, the trial of
Walsh has been fixed for to-morrow morning. The
grand jury to-day found true bills against the two
Delanes for being accessories to the murder of Mr.
Fitzgerald.