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 will
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 hypothecation 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'Affaires, is by
permission of Lord Russell to act as receiver of
these dues, 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
raised to 3 per cent. For the dividend due on the
latter for the half-year ended on the let inst., at
the rate of 2 per cent. per annum, £1 is to be paid
in cash. With regard to the prospects of Vene-
zuela, the following note, addressed by Lord
Russell to Mr. Orme, at Caraccas, has just been
prints d

"Foreign-office, London, Feb. 4, 1862.
" Sir,—Her Majesty's Government has learnt with plea-
sure from your last d. spatches that, under the existing
Government of Venezuela, Ihe situa, ion of the country has
very considerably improved, and appreciates in the fullest
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 natural r. sources of Venezuela, and especially the
Capacity of its soil for the pr( duction of cotton, may be the
means of developing commerce between Great Britain and
that republic with great advantage for both.

" Protection to life and property is, before all things,
what is wanted in Vene,uela, as in all other parts of South
Ameriva. Without that, the country can neither prosper
nor can foreigners 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, &c.,

" RUSSELL.

" To Mr. F. D 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 Keegh said he had received a letter written
on behalf the prisoner, and he desired to know if
tTle prisoner wished to have counsel and attorney
assigned to him.
The prisoner said he would wish to have Mr.
Blackall assigned to him as attorney.
Mr. Blackall observed that he would rather de-
cline to act in the case.

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

Mr. Blaekall said, under the circumstances, he
would undertake the defence rather than allow the
prisoner to remain undefended.

- After a consultation an application was made., to
have Mr. J. C. Coffey assigned to the prisr,ner as
counsel.

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

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.