The Sun.
London, England, 1822-07-01 00:00:00

7,906.692 ,
99,007,500

In paper roubles redeemable
In paper roubles irredeemable
and including - -
Transferred from rentes redeem-
able since the date of their first
inscription on the great book 26,008,700.
125,016,200
Of pa
The totalrer -
of metallic roubles 10,969,772
- 148,127,104
This shews us that during the last five years since the Sink
in; Fund was instituted, the limner debts have diminished
That of Holland - 2,000,000 liors
That of net roubles 676,645
That of paper roubles - 55,939,635
Which being all reduced to as-
signats, amounts to - - 62,000,000
The debts at term which remain will be all redeemed in abou
ten years, which will place at the disposal of the commission a
sum of about 12,000,000, and the Sinking Fund on the per-
petual annuities, which increases every year by the rentes re-
deemed, will bring them into the funds of the commission in
20 years.
The second kind of debt, namely the loans made during the
four last years to accelerate the diminution of the paper money,
has been contracted in 1817 and 1818 in assignats, at 6 per cent.
of rentes, and in 1820 in metallic roubles bearing interest at 5
per cent. The first two loans amounted in sums inscribed to
113,633,451 assignats,

1;701,200

338,580 metallic roubles.
The sums redeemed'of these debts are 3,740 metallic roubles
And - • - 3,913,080 assignats.
There only then remained on the first
of January, 1822 - 334,840 metallic roubles
And - - - 109,720,371 paper roubles.
But as in this sum there were unalien-
able rentes to the amount of - 7,320 metallic roubles,
And - 11,794,911 paper.
Thereonlyremainsofredeemablerentes 327,520 metallic.
And 97;925460 paper.
Which by the annual increase of the sinkin* fund, by means o:
redeemed rentes, will likewise be reduced in 20 years. There
will then remain only 11,794,911,unalietiable roubles, which,
added to 26,000,000 mentioned above, belong•almost wholly to
public establishments. The loan in metallic inscriptions made
by means of the house of Baring and Hope is for 40 millions,
but only 26,750,000 roubles have, been carried to the account
of the 30,000,000 assigned to the diminution of the paper
money.
We have already redeemed of the loan a capital of 701,700
roubles. Of the produce which the commission has drawn
from, we burnt in 1820, and we are going to burn for 1821,
46,851,394 roubles. The commission for the sinking fund keeps
the remainder at its disposal.
Up to January, 1821, we have burnt 191,109,420 roubles,
and we are about to burn - - 44,968,230
We have redeemed in all , - 236,077,650
The thirty millions fixed annually for the use of the loans made
with the object of diminishing the paper money' are not only
sufficient for the purpose, but there remain at the disposal of
the commission more.than 40 millions to be employed to con-
tinue this operation in the way that shall be 'thought most agree.
able. The third part of the debt comprehends those which are
calculated to satisfy the wants of the different branches of the
administration after the establishment of the sinking fund.—
They amounted during the last four, years to the sum of
1,305,000 roubles in metallic currency, and 17,495,000
roubles in assignats, which you have seen in accounts which
have been presented.
Last year, the Government thought it necessary to carry to
the account of the Treasury, about the third of the loan of
.40,000,000 metallic currency, which 'had been opened at
13,250,000 roubles
Which raised them to - 14,555,000 metallic roubles
And - - .: 17,495,000 paper roubles
But according to the principle'which had been established, the
Government secured the payment of the interest of the sinking
fund, in assigning for these two objects, the necessary sums
above 30,000,000 necessary for the use of the former debts.
In this manner the whole of our debts on the Ist of Jan.

1822, is ;
Dutch debt - - - 48,600,000 florins
Debts in Russian money, both debts in
Russia, both on terms which will render
it perpetual, - - ' 22,920 roubles,
In metallic money - - 53,028,136-937 c.
In assipats - - 296,047,85 r.
Of which there are - -19,481926 silver
And - - 69,960 paper money.
The capital of which the commission
disposes this year for the redemption
of the latter amounts to 65,000 silver roubles,
And 5
- .
- - ,632,000 paper money.
Which is more than the necessary proportion. The account of
.the Commission will prove to you, Gentlemen, that the fees
which it receives from the Treasury are punctually paid, and
that it disposes o them conformably to the orders which have
been given it.

BANK OF ASSIGNATS.

This Bank limited, as you know, to the exchange of the
notes which, injured by use, cannot any longer remain in cir.