The Sun.
London, England, 1854-06-07 00:00:00

The Directors of the Chartered Bank of Asia are
advertising that they will hold a meeting on the
Lath instant, and forfeit those shares for which the
~
-ed. is not ere then signed.
The Australasian Gold Mining Company is to
close its books on the 20th instant, after which the
dculation and division of assets will be made for
Winding up.
The Hibernian Bauk has declared a dividend of
9 per cent., free of income tax, for the half-year
eliding the Ist of May.
, As there is likely to be a good deal of misappre-
sision upon the subject of the new and barefaced
Lat tempt on the part of the Peruvian Government
foist upon the London market the home bonds
4
iidestinely converted into Foreign Debt, it is
4,( important that all parties interested should
at once he made acquainted with the real facts of
tlie case, for we perceive that even one or
.10 of our contemporaries have fallen into
trror upon this subject, and that unless
1 le matter is put in its right light, the consequences
II ay even be serious, as encouraging the tottering
Ithorities at Lima to persevere in their dishonest
et arse. Into the history of this juggle it is not
cessary now to enter at any length. Every one
41! ho holds the stock has been made acquainted,
ti 'rough the medium of the statements at the
aline meeting, with the fact that, when the
't rimer President left office, the total amount
'Cognised as being due to parties whose property
id been injured during the War of Independence,
slo had claims for supplies furnished, was cora-
-14, iratively insignificant. No sooner, however, did
ie present ruler come into power, than he was
'set by a parcel of Court favourites and place-
°lders, and by them induced to recognise a host
applications, which saddled the country with an
liereao us amount in proportion to its legitimate ha-
" ilities. To render the scheme, however, immediately
reductive in the only sense desired by these ad-
enterers, it was necessary to enlist the co-opera-
i°ll of parties in England, who could, it was hoped,
insist in getting the bonds, when converted into
°reign debt, introduced into the London market,
'l quoted officially. The terms of the contract
; were so tempting, that there was not much difficulty
4 securing this object. Certain bonds were lodged
n the treasury at Lima, being bought up for a
t ?re song, and the new security was given in ex-
Pn(ge. Fortunately, persons who had resided in
) ern, and had a large stake in the loans fairly con-
I ratted here, were kept well informed by their
:'°rrespondents, and an agitation being got up
sere, a committee was formed, and the Stock Ex-
4',,"arige, greatly to its credit, has refused to sanction
ee additional debt. This places all the persons con-
! 'erned therein in a very unenviable position, and
; vith a view to their re!iaf the Government at Lima
LOIN' steps forward. Owing to the increasing rate of
'reight, the price of guano has been raised, and the
Proceeds of this extra price, which it is therefore
evident must exceed the additional charge for
freight, are to be apyrapriated to a sinking
t
4"1. Now comes the bait. If the holders of
'e original debt will consent to the quo-
Cation of the new stock, they are, as a matter
,°4, favour, to participate in the additional sinking
'lllld. There is, consequently, a bribe and a
threat held out simultaneously. But, worse than
t!lads, the grossest misrepresentation is employed in
Official document, inasmuch as it is made
,° appear that some small knot of discontented
Persons have opposed the new bonds, whereas
it is notorious that a large public meeting
iof the creditors was held, at which reso-
lutions were unanimously passed, in the face of
I'll'l most strenuous opposition and the most alluring
I,ui6representations, against the recognition of the
s)eeas ; and that a committee was formed to watch
e--..er the interests of the original holders. Does
_any rational person believe that when this com-
mittee, ittee, loyally assisted by Earl Clarendon, has
eY
very prospect of wresting from the Peru-
Pr). Government ample and equitable con-
410ns, they would recommend their constituents
LO accept the contemptible promise that is now
D!olrered, when, instead of this paltry half of an
'4definite sum, what the bondholders claim and
I.,expect is the entire proceeds of the guano sent to
? The authorities at Lima will then have
quite sufficient from the quantity sent to other
countries wherewith to meet all legitimate ex-
-12:1155, although they may be shorn of the
means of reward to their favourites. Happily,
General Castilla is gaining ground, and in all
)pro-
bability will overthrow his opponents, and should
'le then be elected president, as from his great
popularity
there is not the slightest doubt he will
be, we shall see nearly the whole of this improvi-
dently created home debt modified, and perhaps
eyes
, annulled, and thus the last effort of the losing
ttY would only remain as a memento of
their weakness and simplicity, for the cora-
kittee here can scarcely be so uninformed as
not to see through the whole affair. Let us not
hear another word, therefore, of compromise or
equiescence, for we are satisfied that neither is in-
tended. The committee will make in a few days
"sr. special report of all that they have done. To-
'errow, as we hear, there will be a document
uldished by the parties interested in the home
bonds, intended to show that Congress has latterly
441ctioned them; but letthe Stock Ex change beware.
The payment of diff,Tences arising out of the
speculative account which was closed yesterday,
has been completed without further casualties,
and evenioane of the parties minus yesterday is
expected to pay in full. There has not for years
past been an account of such magnitude, and it
.
creditable that the enormous losses incurred
ye been so well met. We cannot won-
der at the extreme temporary elevation
:11 prices after such wholesale selling for time. Had
the Chancellor of the Exchequer contracted a new
13:1°4e, the Bears would have been helped out of the
„ess) and would have had at least some chance of
rigating their loss, but we believe they had gone
it°,such lengths that even the ten millions of Con-
hc") Which were expected to bo created, would only
have
4v, e squared their accounts. The unpopu-
larity of the Exchequer Bond substitute will
.t;e easily comprehended after these explana-
'°ll) and we have here another proof
of tile frequent opposition between the inte-
rest of the public and that of the speculators. Con-
-4 els opened this morning at 93 to 93f1 for transfer,
have since been 92i, and are now 031. For the
16th July, the quotations have been 923. to —a
`` backwardation" off to per cent. Yesterday,
however, to 1 per cent, was paid for the loan of
xtock, although the Bank continued its accommo-
el tion to some parties. Exchequer Bills have been
Par to 4s. premium, and the Bonds to 1 pre m.
:Bank Stock is worth 204 to 206. The New 3-1 per.
cents. have been 91i to 921,
The Foreign Securities have maintained a very
aspect. Grenada Deferred Stock is at 611,
and Mexican at 24 to }. Peruvian have been done
it 66, and 50 for the 44 per Cents. and the Threes.
4,-'',ussian 5 per Cents. have risen to 101. Spanish
„
tirees are at 40k.
,The Railway Share Market is less active, and
Prices are rather in favour of buyers. French
ares also are rather cheaper.
The Gold Mining Shares have been nominal, the
jilien of London Bank have risen 1/. to 21., as the
lex, t meeting will be very favourable ; the Crystal
Palace have further declined, and the Land Com-
panies' are quiet.

:RlTisa FUNDS THIS DAY AT ONE O'CLOCK,

-- —•— ,c 1131114186 dOllll.
Sal* Stock
39l i $ I „ „
3 Per Cent. Reduced Annuities
93 $ 2 3A 2g 0.
liPc,' Cent Consols Annuities
92, 11 2i 2
a,e,"' 3} per Cent. Annuities
riln. Annuities, Expire sth Jan., 1860 -16 11-16
dla Stock 232
Indiaßonds, £l000
I)• it
to, , "to, under £lOOO par 4 p
naola for Opening 19th July
ttchequer Bills, 24d-
RlOORI9
par 4 p
~,, Small par 4 p
i 3/4 p
:11rktle-Rzilito.9:En"ii::,(l,os RSeErifGN FUNDS AT ONE O'CLOCK.
993/4
5 per Cent.
14':1?ada Bonds, Deferred
11!can 3 per Cent.
ic,i't littttO 3for 241 4
the Account 24
Oman Bonds 4i per Cent.
per dent
50
ft°ltuguese Bonds, 4 per Cent. 4O
.118-roliano
4/3Aollpdser,
Cent B6
5 per Cent. £ St lOO 1
86 7 6
'B4:,,dinian-Bonds, 5 per Cent... ....
."4nah onds Defer:Cen
'P'/lish New , 3 per Cent 2O
bividen-lz en th 4,lWe payab!, ?n tr :,,,,/
I:IALF-PAz P TWO.
Consols 93k
Polisols ter Opening 19th Jul/ 11.,..••/ 9211