The Sun.
London, England, 1836-03-02 00:00:00

THE SUN, LONDON, WE

Miguels, ; Brabant Bank, —; Belgian Bank, —; Con-
tinuation, —c. ; New Differes, 231 ; Five per Cent. Perpe-
tuelles, —; Royal Loan, —.

We have received Madrid Papers to the 23d of
February, with copies of two Royal Decrees—one for
the liquidation of the Home Debt, dated the 16th,
and the other regulating the sale of the national pro-
perty, dated the 19th ult. The latter comprises
twenty-two articles, the bulk of which are mere local
regulations, to be observed by purchasers on the spot.
It is worthy of remark, that M. MENDIZABAL exempts
from the conditions of sale all monuments of the arts, and
all erections intended to perpetuate the national glory.
Other buildings which can be converted into halls,
museums, and offices for the public service, will also
be reserved by the Government, and of all these a list
will be published to prevent individuals wishing to
purchase them from giving themselves any unnecessary
trouble. Where the properties are large, care is to be
taken to subdivide them into such lots as may place
them within the reach of all who desire to pur-
chase. By this means fair play will be given
to all ; for, as the poorer classes may purchase to the
extent of their means, so may the rich—by purchasing
any number of lots in one place which they may think
proper. The following articles with respect to the
payment of the purchase money are particularly im-
portant :
" The payment of the auction price shall be effected in
either of these two methods—either in securities of the conso-
lidated debt or in cash.
" The securities of the consolidated debt will be received in
their nominal value, but with the precise condition that the
payment be realised, and executed in the following way :
One-third in securities of the consolidated debt at 5 per cent.
interest ; one-third in documents or securities, 4 per cent. con-
solidated debt ; and the other third in securities of the debt
which is to be consolidated at 5 per cent.
" All purchasers, either those paying in securities of the
consolidated debt or in cash, shall pay one-fifth of the auc-
tion price previous to their having the deed transferring the
property.
" The other four-fifths shall be paid as follows:
" The purchasers in securities of the consolidated debt
shall grant obligations to satisfy, every eighth year, the
leighth part of the said four estates, or 10 per cent. of the total
value of the sale. _ . _

" And the purchases for ready money shall be paid in each
of the succeeding 17 years a 16th part of the said 4-sths, or
rather 5 per cenc. upon the whole of the sale.
" Those payments shall bear date from the granting of the
ticket of sale, and the securities shall be subject to the same
regulation.
" The purchasers for ready money, or who are to receive
the payment during the 17 years, shall subscribe 2•per cent.
from the date of the ticket of sale, until the entiro payment of
the amount of the sale has taken place.

" Each purchaser may pay in advance ono or more of the
instalments remaining due. ti
" For the securities of the consolidated debt the purchaser
will be permitted to subscribe at the rate of 5 per cent. on the
amount of payments he anticipates.
" For the securities in cash the stipulated premium of 2 per
cent. i 3 not to be exacted.
" The heirs of the purchasers of estates shall be bound to
fulfil all the conditions uncomplied with as to the payments
until the total liquidation of the purchase money.
" The estates shall remain pledged for the payment of the
said securities.

The money thus raised is to be accounted for, and
appropriated by the Government in the following way :
" A monthly list shall be published of the sales effected for
ready money during the previous month, and of the sums re-
ceived as arising from the payment of the one-fifth required
before delivering the bill of sale. The sums thus realized shall
be applied in the proportion of a third in the purchase of se-
curities in the consolidated debt, at 4 and 5 per cent., and of
the debt without interest, already liquidated and recognized,
and which had not been offered for consolidation ; they shall
be consequently annulled and publicly cancelled, and notice
thereof published in the Gazette.
" Of the total amount of the other four-fifths of the sates,
a moiety shall be applied for paying off the consolidated debt
of 5 and 4 per cents., and the other moiety towards the debt
without interest, as mentioned in the former article.
. .

Those operations shall be transacted with the utmost p..b-
licity, and through regular exchange agents.
" In a similar manner shall be paid off from the same perio],
and shall be cancelled at the proper time, all securities at 5
and 4 per cent., proceeding from the sales paid in money ; their
numbers and amount shall also be published in the Gazette.
The decree relative to the liquidation of the Horne
Debt has for its object the payment of all sums due
by the nation to individuals or bodies having no legal
securities by which they can compel payment. The
claims of sneh creditors are to be examined by a junta
composed of men of approved talent:, activity, and ho-
nour, who are to open offices in all the great towns in
every province of the kingdom. All claims are to he
preferred before the close of the current year, otherwise
they will be regarded as null and void ; and no clahrn
is to have reference to any debt due by the Govern-
ment, either directly or indirectly, after the date of the
appointment of the liquidating Junta.
The inhabitants of Madrid express themselves fully
satisfied with these decrees ; nor can it be deemed
reasonable that they should feel otherwise than pleased
with measures so just, so rational, and so genera:ly
advantageous. . Whatever may be thought of the
decree for the sale of the national property, no reason-
able person can examine the one for the liquidation of
the unrecognized debt, without being struck with the
honest determination of the Government amidst all its
difficulties.

MANRIQUE, a Member of the Chamber of Pro-
curadores, fell into the hands of the rebel Canon BA-
TANERO, who conveyed him a prisoner to the head-
quarters of Don CARLOS. What may be his fate at
the hands of an Usurper, for whose exclusion from
Spain his vote has been recorded, is uncertain. Mon-
ster as Don CARLOS is, he will hardly dare to imbrue
his hands in the blood of a Member of the Constitu-
tional Cortes.

The news from the North is unimportant, as the late
stormy state of the weather crippled the Generals m all
their attempts at aggressive operations. NAPOLEON
only knew no winter in his year. But, independently
of the interruption caused by heavy falls of snow, it is
generally believed that the Commander-in-Chief of the
QUEEN'S army has been coquetting with Don CAR-
LOS, to the imminent peril of the Constitutional cause.
General EVANS is, we believe, in possession of cer-
tain facts, which, if not conclusive evidences of Con-
DOVA'S guilt, are at least of sufficient weight to war-
rant his removal from the chief command.

Malta papers to the 12th ult. have been received. The
inquiries instituted by Lord GLENELG into the state of the
island were still pending. The Governor of the lonian
Islands expressed himself satisfied with the Legislative
Assembly, which was dissolved on the 23d of January.

We have received advices from Constantinople to the
4th ult. They are exceedingly favourable. The appoint-
ment of Pachas, Vaivods, and other Civil and Military
Governors for the ensuing year, have given great satisfaction.

Our advices from Greece are to the 29th of January.
The KING was then recovering from an attack of measles.
Count WARMANSPRRG had also been indisposed. His
Majesty, the King of BAVARIA, was taking steps for the
removal of Bavarian officers out of Greece--a measure
much called for by the state of public feeling in that country.

The German Papers just received state that his Ma-
jesty the King of PRUSSIA is insane. The cause is said to
be brain fever, and doubts are entertained of his ever again
recovering the use of his faculties. If this intelligence be
correctly reported, we may anticipate new changes i❑ the
aspect of western Europe.

UPSETTING OF THE NELSON, DEPTFORD
Osolinus.—Last night, about half-past nine o'clock, as the
Nelson omnibus was proceeding to Deptford, with twelve pas-
sengers, among whom were five females, at the Lambeth side
of Westrninster-bridge, the axle-tree broke with a loud crash,
and the cumbrous vehicle, which was proceeding at rather a
rapid rate, tvas driven a distance of nearly twenty yards, when
It turned over with great violence, and with imminent danger
to the people within. Assistance was immediately afforded,
and after some difficulty, produced by the manner in which
they were pressed together in such a confined spEce, the pas-
sengers were all released, with no other injury than a few
bruises. There were some conflicting statements as to the
conduct of the driver.

COURT OF CONINION COUNClL.—Yesterday a
Court was held for the dispatch of business. The principal
public topic was a petition prepared for Parliament, by one of
the committee, by order of the Court, praying for the repeal
of so much of the 9th Geo. IV. as requires municipal officers,
before or after their admission to office, to make and subscribe
a declaration relative to the Protestant Church as it is by law
established in England, and the bishops and clergy thereof.
The petition was agreed to, after some observations from the
Lord Mawr, Sir Peter Laurie, Mr. C. Pearson, Mr. Taylor,
and Mr. Gibbs; and the Court adjourned.
BISII °FRICK OF DURHAM.—Dr. Maltby, the
present Flisttop of Chichester, succeeds to the see of Durham,
but with :tn income of 8,0001., 9,0001., or 10,000/. a year, in-
stead of i is present revenues, which more than doubles the last
named sum. The present rumour is, that Lord Melbourne
and Lord. John Russell are at issue upon this subject—the
Premier being in favour of the larger—the Home Secretary
for the smaller sum. Dr. Longley, Head Master of Harrow
School,, is to be the new Bishop.—Morning Paper.