The Sun.
London, England, 1836-11-25 00:00:00

constitution for its reform ; that in fact they were Consti-
tuent Cortes, as such were convoked, and as such had
the power of framing a constitution. He therefore, not as
a Minister, but as a lover of his country, called upon the
Chamber to reject the opinion of the minority, which he
conceived would retard the reform of the constitution, of
the necessity of which there seemed to be but one opinion
amongst those who were thoroughly acquainted with the
wants and wishes of the country.
After a few words from M. Olozaga, who also spoke in
favour of the opinions of the majority, the Chamber di-
vided, and there appeared for the opinion of the majority

89, and against it 20.
15TH NOVEMBER.
The Session of this day presented no interesting feature,
and at three o'clock the tribunes and strangers' galleries
were cleared, and the Chamber held a secret Session, which

lasted until nearly seven o'clock.
16Til NOVEMBER.
The following communication, comprising three clauses,
was thus presented to the Cortes by Government :—" Ist.
The Government requests that Deputies may be appointed
Ministers, and obtain Government employments. 2d. That
the Cortes decree the suspension of those formalities re-
quired by law for the arrest of delinquents, and empower
Government to banish from the Peninsula, and confine in
the adjacent islands (the Balearic and the Canary islands)
such persons as may endanger public tranquillity, and the
security of the State. 3d. That the excesses of the press
be taken into consideration, and that a law be promulgated
which will alike insure the liberty of the press and -the

safety of the State."
COMMISSION OF COMMERCE AND FINANCE
The united committees of finance and commerce have
carefully examined, in consequence of the resolution of the
Cortes, the exposition laid before them by the Secretary
Minister of Finance, respecting what has occurred relative
to the suspension of payment of the half-yearly dividend
of the foreign debt due on the Ist of this month.
It results from the papers which the commission have
had before them, that the Government of her Majesty, hop,
ing at first in the resources produceable by the Royal de-
crees of the 26th and 30th of August last, and afterwards
in the effects derivable to our credit from the glorious'vic-
tory of Yilla Robledo, conceived on the 24th of Septem-
ber last the project of effecting a negotiation in London or
Paris, with the object of payment of the said half-year of
the capital of 60,000 of reals,in exchange for Spanish Trea-
sury Bills repayable in the island of Cuba within three
rears, viz. 1837, 1838, and 1839, or 20,000,000 each year,
by the admission of the said bills in the receipts of one-
half of the import and export duties there payable. And
that for the purpose Don Mateu Durou, the Spanish Con-
sul at Myonne, was commissioned to proceed to the places
already stated, with powers and fit instructions, but
which having taken place shortly before the unfortunate
invasion of the chieftain Gomez into Andalusia, the
Government, fearful that the negotiation respecting the
island of Cuba would be unsuccessful, informed the said
Commissioner, in a letter dated the Ist of October, that the
postponement of the said payment being indispensable, be
should offer to the holders of the bonds, instead of money,
bills of the Spanish Treasury, at six and twelve months, with
-5 per cent. per annum interest, authorizing him, at the same
time, fcr the purpose of neutralizing in part the fatal effects
of this announcement, to realize, if it were possible, on the
basis of the instructions communicated on the 24th of Sep-
tember, a fund of 20,000,000 reels, to be invested succes-
sively in the purchase of the bonds of the Active and De-
ferred Spanish debt, and to be deposited in the Bank of
England, with security that they should form the anticipa-
tion of the money, and until they shall be reimbursable by
the revenues of the Havannah. That, the circumstances
becoming more and more aggravated by the entrance of the
rebels into Cordova, and the consequent abandonment of
all hopes by the Government, Durou, by instructions com-
municated on the 7th of October, was ordered to insert in
the English and French journals a declaration to the effect
of stating the causes which incapacitated tile Government
from paying the half-yearly dividend, and offer to take up
and exchange the coupons for Treasury bills on the said
terms, together with the most solemn assurances of pre-
viously doing all that was possible for the payment of the
said bills in money.
That, in the interval, letters had been received from
Durou, dated the 6th and Bth of October, stating the dif-
ficulties of effecting any such operation in Paris. to which
the Government on the 13th of October replied, ratifying,
as its only resource, the order given on the 7th, to which
he ought strictly to have conformed, and that which the
Government relied on the exact compliance of its arrange-
ments, the said Commissioner Durou, although he had re-
ceived on the night of the 15th the despatches of the Mi•
nister of the 7tb, took the resolution, from a notion that
his powers were sufficient to warrant him in so doing, to
apply to the payment of the half-year the original scheme
respecting the negotiation of the 60,000,000, by inserting
in the journals of London of the 17th, and afterwards in
those of Paris of the 18th, an advertisement, in which the
offer was made to the holders of the bonds of the Spanish
Foreign Debt, to the end that the payment of the interest
clue on the Ist of November would be effected in Spanish
Treasury Bills of 120, 240, 480, and 1,920 dollars, divided
into eight equal parts, with interest of 5 per cent., payable
in six months' date from the Ist of May, 1837, and which
bills were to be admissible in the payment at the custom-
houses of the island of Cuba of the import and export duties
to all persons whatsoever holding them, the said Durou,
moreover, having ventured to promise that the said bills
should be received in payment of any loan which might be
made in foreign countries for the service of the Spanish
Government. That in consequence the Government bad
disapproved of the offers and promises as made by the said
Durou without authorization or formalities for the purpose,
and maintaining the measure of the 7th of October, for
which purpose it bad arranged that notice should be pub-
lished in London and Paris of the declaration prepared on
that day. The exposition of the Secretary Minister of Fi-
nance concluded, after it had promised itself that the Cortes
would be pleased to declare, that from its contents it was
clear that no provision was wanting on the part of the Go-
vernment to arrange in the best mode possible the payment
of the sum due on the Ist of November, nor was it to be
charged with the variation of powers therein observable,
nor with the want of fulfilment of its arrangements, and it
solicits from the assembled Cortes the necessary approba;
tion of the declaration of the 7th of October, of the pro-
mises therein contained, and the consequent authorization
for the issue of the Treasury bills.
The united committees, therefore, in consideration of
the data already specified, and considering that another
measure is not possible in the present circumstances, al-
though such measure were devisable, to remove the detri-
ment endured by our credit from the inevitable suspension
of the half-year's dividend due in the month of Novem-
ber, has the honour to propose to the Cortes, to be pleased
to declare—
" 1. The Cortes being informed of the communication
made by the Secretary Minister of Finance, relative to what
had taken place as to the deplorable suspension of the half-
year's dividend of the foreign debt due on the Ist of this
month, and having with great regret seen that it has pro-
duced no effect, notwithstanding the efforts of the Govern-
ment, as well in consequence. of the unfavourable circum-
stances lately occurred, as from the immense extraordinary
expenses which arise on account of the civil war, originat-
e ing in the considerable increase of the armed force, and con-
sequent torpor of the receipts of the public sales :
.4 2. For the purpose of remedying in part the preju-
dices caused to the creditors of the State and to the national
credit, the Cortes approve the proposal of the Government
to exchange the coupons of the said half-year, which ought
to haveebeen taken up in money, for bills on the public
Treasury of six and twelve months half each, with 5 per
cent. per annum, in conformity to the special notice of the
Government on the 7th of October last, declaring furthr-
that the payment of the said bills shall be publicly and re:
giously effected under the strictest responsibility.
" Madrid, Nov. 13.
41 MuGUIRO,
ALVAREZ,
INFANTE,
CANTERO,
ARMENDARIZ,
TORRENS Y MIRALDA,

GARCIA CARRASCO,

FERRER,
ALVARO,
AYLLON,
CALATRAVA.

'' CORDEIRO, Secretary."

laot
wJamaica Papers to the 20th October have been received.
Nis ofrrtohma
trihde S
Joauntilia
icAmericant
cCh o: e-house. The fol-
" The increase of crime in the British West India Colo-
nies since the Ist of August, 1834, is appalling. In an-
other part of our paper we have given a list of th calendar
of our Grand Court, sitting in Spanish town, with one
exception, the offences have been committed by the coloured
and black race.
BANE OF JAMAICA.—It is a matter of sincere grati-
fication to announce that our Local Bank has commenced
its operations.
GRENAPA.----ANOTHER SLAVER TAKEN.--His Ma-
jesty's ship Vestal returned to this port, having in company
a slave-trader, captured after a short chase off Tobago
yesterday. She is a schooner, under Portuguese colours,
having on board 337 Africans.
The alarming scarcity of provisions, so unusual at this
period of the year, vilven now prevails throughout the
island, is deeply felt by tile inhabitants of St. George's ;
and the stock of flour in hand at the present moment is not
more than adequate to meet a few days consumption.
" His Majesty's brig Cridzer sailed yesterday for
Chagres, to demand the liberation of Mr. Russel, the Vice-
Consul of Panama, who has been sentenced to five years'
imprisonment, for some insult said to be offered to Gusto
Pared ez.
" From Buenos Ayres we learn that tranquillity conti,
nues in that country."