The Sun.
London, England, 1865-11-30 00:00:00

says : --

" The Prussian Prime Minister, during his inter-
views with the Emperor and M. Drouyn Lhuys,
naturally spoke of politics, but he confined himself
to remarks of a general character, and was far from
endeavouring to lead France into hazardous com-
binations which might endanger the peace of
Europe. Count von Bismark displayed great dis-
cretion and the most perfect courtesy in the steps
he took while in France."

BOURSE, Nov. 29.—Two o'Clock.—The market
is again dull to-day, and quotations show a frac-
tional decline. Three per Cents. are •doing at 68f.
47ic., and Italian Fives 64f. 92f c. Credit Mobilier
Shares have receded 2f. 50c. Spanish Mobilier If.
25c. Lyons sf. North of Spain If. 25c. Lom-
bard Railway Shares continue to gain favour, and
again show an advance of sf.—at 405 f. Saragossa
are neglected at a decline of 5f., the quotation being
191 f. 25c. Mexican obligations, 6 per cent., have
advanced to 332 f. 50c. The premium on the
obligations of the new Austrian Loan has gone up
to If. 50c. Three o'clock. The market left off
as follows:

it Cents

Roman
Ottoman Fives ....••
Mexican Loan 5O
Do. Bonds 332 50
Russian —
Austrian
STanish Threes
Rome Debt
Deferred

Do. end month —

3 per Cents. 6B 50
Do. end month 6B 45

Credit Mobilier B7O
Do. end month 867 50
Bank Shares —

Credit Foncier 1320
Italian Loan —
Do. end month 64 92

'NYS.
Cash.

Acct.
... 821 -
- ... 1100

Orleans
Northern

Lyons and Mediterranean
Southern
Western
Eastern
Sardinian,
Austrian
Lombard
North of Spain
Saragossa
Ditto to Barcelona
Roman

- ~. 825 -

- ... 565 -
_ - ... 538 -
- ... 517 -
- ... 206 -
- ... 418 -

- - 405 ,
- ... 162 -
... 195 -

- - ... 150 -

SPAIN AND CHILI.
NOTE OF SENOR CASTRO TO THE SPANISH

AMBASSADOR IN PARIS.

MADRID, Oct. 27.
Senor Castro, Minister for Foreign Affairs, has
addressed a note, dated 23d inst., to the Spanish
Ambassader at Paris, replying to the arguments
brought forward by the Chilian Minister in the
French capital in support of the course adopted by
Chili towards Spain. After recapitulating the
grievances of the Spanish Government against the
Republic, the Minister says
:
"The argument sought to be used against Admiral
Pareja, and, consequently, against her Majesty's
Government, that the Admiral had not negotiated
according to the terms of his full powers, has not
the slightest foundation. Full powers never con-
tain the instructions which a Government gives to

its agents for the settlement of any matter. They
are the credentials serving to attest his character
and secure him attention from the Government to
which he is sent. But they never mention the in-
structions by which his conduct is to be regulated,
and which it is not customary to make public.
" The full powers sent to Admiral Pareja con-
sist of nothing but a document drawn up in the
same form as all of its class, authorising him to ne-
gociate, but not stating the form o f those negocia-
tions, nor the time or occasion for prosecuting them.
These full powers enabled himto commence negocia-
tions, and despatch his note of the 17th Sept. They
will perhaps serve him till further, when, having ob-
tained the reparation to which we are entitled, peace
may be concluded, and an arrangement made. The
full powers, in fact, were necessary, from every
point of view. They specify all the general cases
upon which a plenipotentiary should be authorised,
but they should not be confounded with the instruc-
tions given by the Government to their agents in
certain and determined circumstances like the pre-
sent, nor even in the ordinary cases of a permanent
friendly mission.
" Into this strange and lamentable error, however,
the individuals composing the resident Diplomatic
Corps at Santiago have fallen. Instead of simply
using their good offices, they addressed themselves
to Admiral Pareja to intimate or point out what
was prescribed to him by his powers, interpreting
them erroneously, as if they were his instructions,
whereof the Admiral alone could be the judge ;
and similarly when they subsequently again ad-
dressed the Spanish Plenipotentiary, it was not to
offer their mediation or good offices, but to enter
upon the merits of the question, judging and qua-
lifying it in a manner that appeared partial and
favourable to Chili, and repeating the protests they
had already made.
" Far be it from me to censure the conduct of
the Diplomatic Corpsresident in Chili; yet I cannot
but believe that, doubtlessly with the best intentions,
they adopted a course not the best calculated to at-
tain the laudable end they had in view. Entirely
setting aside the terms of the communications ad-
dressed to Admiral Pareja, and taking it for granted
that their object was to offer mediation or good
offices, it cannot be ignored that the Diplomatic Corps
allowed the favourable opportunity to escape them
by sending their first communication on the 22d, that
is to say, 24 hours after Admiral Pareja received
the reply of Senor Covarrubias, finally and peremp-
torily refusing any sort of explanation. And still
later, on the 24th inst., when the blockade had
already been declared, instead of proffering their
good offices and negociating with the Chilian Go-
vernment, they were almost exclusively occupied in
analysing the notes exchanged between the Admiral
and Senor Covarrubias, in a manner that, as I have
already said, appears partial and favourable to Chili,
but which did not at least conduce to the noble
object by which they were actuated.
" The diplomatic body had then had more than
the time necessary to interpose its good offices.
The disapproval by the Queen's Government of the
arrangement concluded by Senor Tavira, and the
approaching arrival of the new Plenipotentiary with
his squadron were known as early as the 12th Sep-
tember at Santiago. The instructions given to the
latter by the Queen's Government, in the presump
tion that the diplomatic body would visit him upon
his arrival at Valparaiso, desired him to engage in