The Sun.
London, England, 1836-02-27 00:00:00

NEWS OF THE MORNING.

PARIS, Fits. 25.—The Moniteur has no official article this
morning. The following news is said to be certain :—Count
Pozzo di Borgo is completely in disgrace ; he is recalled from
the Embassy at London, and is appointed Minister Plenipo-
tentiary of Russia at Florence.—Gazette de France.
The convocation of Ancona is £0 far from being in contem-
plation, that a transport is to be sent from Toulon to Oran to
take on board the 4th battalion of the 66th Regiment, and
convey it to Ancona.
It seems that the Austrian Government is contemplating
some kind of amnesty for its Italian States. Prosecutions
commenced for political offences have even been suspended.
NV e have received the Moniteur Alyerien of the 13th of
February, which contains s9veral decrees, all signed by Lieut.
General Rapatel, in the absence of the Governor-General.
Not a word is said of Marshal Clausel, or of the expedition to
Ilemecen. The Manilla Journals of the 20th of February,
which were delayed, are now received ; they, too, have no
news from Africa. It is time that this cruel suspense should
cease.

The following is the official notice of the Government of
Cracow, dated, like the other documents already published,
Feb. 9 :—" The Senate has received from the resident
Charges d'Affaires of the three protecting Powers accredited
to our Government, the communication of a note, declaring
that it is the will of their respective Courts, that every Pole,
whether of the military profession or not, who took part in the
Polish revolution of 1831, as officer, subaltern, or private, and
who is residing in the City of Cracow, or its territory, if lie
cannot prove that he has a legal passport, or special license
given by the competent authorities of the protecting Powers,
shall be obliged immediately to quit the C ty of Cracow, and
repair to Podgorze. Whoever can prove that a Government
consents to receive him, shall receive the necessary assistance
to enable him to proceed to his destination. All the others
shall be sent to America. The Courts have declared that in-
dividuals of this class, holding in this country a civil or mili-
tary employment, even if they have received from the Govern-
ment the rights of citizens, shall not be ezemi.ted from this
new resolution. The Senate, making this communication
generally known, and informing those concerned, desires
those to whom this resolution is directed, to repair, within
six days to Podgorze, and to present themselves to the Aus-
trian authorities, who were instructed to receive them. The
Senate thinks it necessary to warn individuals comprised in
this ordinance, that in case the evacuation should not be com-
pleted within the term of eight days, conformably to the
will of the august Courts, they will feel themselves obliged to
secure the execution of these resolutions by certain measures.
The Senate hopes that the individuals designated will hasten
to conform to the notice which is given them, to prevent these
measures, which would secure to them the immediate protec-
tion of the said Governments, and preserve our city from
evils which will be inseparable from the non-fulfilment of this
resolution.—The President of the Senate,
Feb. 9, 1836. WIELOGLOWSKI.
The Secretary of the Senate,
—Messager, Feb. 25. DAROWSKI.

FRENCH FUNDS.—Pang, FEBRUARY 23.
Five per Cents., 109 f. 7 .c. tisc.
Four per Cents., 102 f. 25c.
Three per Cent,. SOL SOc. 73c. SOc.
Bank Actions 2,160f.',2,165f.
Hence de .ilapies, 991. s9c. 55c 70c.
Roman Five per Cents., 103%.
Spanish Actives, 0;44 NA,
Spanish Difteres, 23,5,
Passives, 15!,i
lloyai Spanish Loan, 24.
Belgian Loan, Five per Cents., 16314.
Portuguese Loan, Three per Cents, .5:3 5274.
Haytian Loan, 4GOf.
EXCMANGE ON LONFON.
One month, paper, —f. —e. ; money, 25t
1 hree months, paper, 25f. 35e. ; money, 25f. 35c.
—(burs Arthentique

BOURSE, TORRE O'CLOCK.—The news of the mediation of
England having been accepted by the United States not hay.
ing yet been confirmed, the Three per Cents. have fallen to
80f. 80c., sellers. The Queen's decree of the 16th, respect-
ing the sale of the ecclesiastical and communal property, has
not affected prices here.
QUARTER TO FOUR. —Five per Cents., 109 f. 70c. ; Three
per Cents., 80f. 75c. ; Five per Cents. Spanish, —; Three
per Cents. Spanish, —; Cortes, —; Coupons, —; Gueb-
hards, —; Differes, 18; New Loan, —; Active:. 4(4;
Passives, 15+; Ducats, 99 80 ; Romans. 103 i; Pedros, —;
Belgians, 1031 ; Dutch, —S. —c. ; Haytians, 400 f. —c. ;
Miguels, —; Brabant Bank, —; Belgian Bank, 134 ; Con-
tinuation, —c. ; New Differes, 231 ; Five per Cent. Perpe-
tuelles, —; Royal Loan, 34.

A Plan has been drawn up for extricating Spain
from her financial difficulties, and establishing her na-
tional credit on a solid and permanent basis. The
foreign debt of Spain consists of three sorts of Stock—
Active, Passive, and DeferrecL The first, which
comprehends the Loans contracted previous to '1823,
and the Royal Loans down to 1832, bears interest in
the usual way. With this it is not intended to meddle.
The two other portions consist of the Loans contracted
by the Cortes, which the Spanish Government, during
the life of FERDINAND, and, indeed, down to the end
of the year 1834, refused to sanction. At that period
a sort of compromise was made with the Cortes
bond-holders, whose claims were recognised to a
certain extent. A portion of this debt was con-
verted into Passive Stock, bearing no interest, to
be redeemed (but at no definite period) by the funds
arising out of the sale of national property. Out
of the remainder was created the Deferred Stock,
the interest on one-twelfth of which was to com-
mence in 1838, a twelfth being admitted to the
same privilege every successive year, up to 1849, when
the whole of this Stock would become Active—that is
to say would bear interest. These two kinds of Stock
amount to upwards of twenty millions, and the effect of
such a mass of inert paper (for the Passive is not worth
more than 15 and the Deferred than 23 per cent. of their
nominal
tthe
e
vfevalue)Stock,p ai
Spain,
n thebby lowering
and
to Money-marketmbahr embarrass
si
e rtel side
credit tfiwnai weightnh financial
a down
foreign
ope-
rations
nations. The author of the Plan to which
we have alluded (M. ABITBOL), proposes to re-
store the credit and replenish the Treasury of Spain
by converting both these Stocks into one, on the
following terms :—viz. that very holder of Passive to the
amount of 2801., or of Deferred to the amount of
1681., shall, on advancing 201. in cash, receive a Bond
for 1001., bearing 6 per cent. interest.

The result, according to M. ABITBOL'S calcula-
tions, would be, that in addition to the accommodation
of a loan of two millions derived from the 201. ad-
vances, there would be a saving directly and indirectly
of more than a million by the time the last 12th of the
Deferred Stock came to bear interest in 1849 ; and
after that period an annual saving of 442,000/.
The plan has a very plausible appearance on paper,
and M. ABITBOL says that M. MENDIZABAL, to
whom it was submitted in August last, is favourable
to it. How the creditors of Spain and the gentlemen
of the Stock Exchange may regard it, is a 'different
question. The pamphlet is published by
Royal Exchange. E. WILSON,

Letter g and papers from IVladrid to the 17th inst.
have been received. The Repistr,4 of the 16th con-
tains an outline of a plan purporting to be the cfq,,
m
sP4erne for the liquidation of the public
debt.erndecrees salp of thp Church property
vi tt
in lands? and the entire of the Conveqtual FOT

perty for the purpose first of discharging tne
debt without
Interest, and for reducing the inte-
rest upon, the remainder. On the same day a de-
cree 'was published in the Gazette, appointing, in the
name of the QUEEN, a junta in every city throughout
the kingdom for the protection of all property con-
fiscated to the benefit of the State. Eight hundred
troops left Madrid on the morning of the 16th, to
chastise the rebel BATANERO, who was reported to
have approached Guadalajara.