The Sun.
London, England, 1822-02-23 00:00:00

According to the requisition of the Earl of Lr-
♦Er?ooi. and Mr. VANSITTART, a considerable
number of holders of 5 per Cent. Stock attended
at the Treasury Chambers yesterday to hear the
terms on which it was proposed to pay it on: The
Earl and INIr.VASSITTART entered the Room about
half after twelve o'clock. The Governor and
Deputy Governor attended, and the Room was
immediately crowded. The Earl then addressed
the Meeting as follows :--
`S GENTLEMEN—The CHANCELLOR of the EXCHEQUER
and myself have been desirous of seeing you, for the purpose
of communicating to you the terms on which it is intended to
-pay off the Five per Cents., and the measures to be pursued
-.7ith respect to such persons as may choose to dissent from
those terms. Gentlemen, we were desirous of seeing you, not
for the purpose of entering into any discussion of the terms,
Int merely to inform you what they are. I will now proceed
to read. them—they will then be delivered to the Governor and
Deputv-Governor of the Bank, who will take the necessary
zu.-ps to hare them made as public in the City as possible."

Having thus expressed himself, Ids Lordship
then read the following statement of

THE PLAN.

" A new Stock to be created, bearing an interest at the rate
of four per cent. per annum, the interest to be payable on the
kb of January and the sth of July in each year, and not to be
/Aid off" until the sth of January, 1821

" All holders c,f Five per Cents. who shall not signify their
diseent, to have for every 1001. Five per Cent. Annuities, 1051.
in the new Four per Cent. Stock.

a The first dividend of the new Four pe Cent. Stock to be
,payable on the sth January, 1823.

" Books to be opened at the Bank from Monday the.4th of
March to Saturday the 16th of March, 1822, both days inclu-
give, for receiving signatures of persons dissenting.
" Persons not eigrafying their dissent within this period, to
be deemed to have assented, unless tl.ey shall have been out of
the United Kingdom for the whole of such period: in which
,ca 43 they shall Lc permitted to express such dissent at any
timebefore the Ist day of June, 1822; and any persons who
may be in any ether 'ran of the world except Europe, to fire
permitted to express their dissent at any time before the Ist day
of Marcli,•lB23.

."
Persons dissenting to be paid off in the numerical order in
which their names may be subscribed. Such payment to com-
mence on the sth July, 1822, and to be continued at such pc-
-nods, and in such manner, as Parliament may direct.
" All holders or Five per Cent Stock will receive the divi-
llend.s due ca the 6th July, /822."

This Paper his Lordship read a second time,
.and then presented it to the Governor of the
sank. His Lordship was then addressed by one
of the Gentlemen in the following manner:—

" My Lord, f am aFare that it is not intended to enter into
tiny discussion of the terms; but mity I be permitted •to ask
vrhat mode is to be adopted with respect to Trustees?

The Earl of islvEßPoor.—" It is intended to adopt the
principle that-was followed in the year 1749, by which Trustees
rvrere indemnified."

To some question from snottier GetitLeman, the Earl of