The Sun.
London, England, 1823-05-05 00:00:00

CHILE LOAN.

MESSRS. HULLETT, BROTHERS, and
CO. beg leave to inform the Holders of Chile Bonds,
that they have received an official communication, of which the
following is a translation :
Legation of the Republic of Chile, London, May 1, 1823.
The Minister of State and Foreign Affairs of the Republic
of Chile writes, under date of the 2d January last, to the Mi-
nister Plenipotentiary, Don Ant. Jose de Yrisarri, the fol-
lowing:—
" In consequence of the contract entered into by your Ex-
cellency with the house of Messrs. Hullett, Brothers, and Co.,
in London, to raise a Loan of one million pounds sterling for
account of this State, by virtue of the powers conferred on
your Excellency, the Supreme Government, desirous to secure
the investment of the principal in such a manner as to benefit
the nation, and at the same time to insure to the lenders the
punctual fulfilment of its obligations, has subinited to the most
excellent supreme House of Representatives (Corte de Repre-
sentates), all the official letters, bonds, &c. which you have
transmitted to this Government relative to the said loan. After
a mature examination, the House passed an Act, which I have
the honour to transmit to your Excellency, in order that,
after having taken cognizance of the contents, you will com-
municate the same offiCially to lessis. lTuUctt and Co. for the
purpose of their honouring the drafts which will immediately
be issued on them ; it being clearly understood, that after the
same are duly paid out of the funds in their hands belonging
to this Government, they will be relieved from all responsi-
bility. The present resolution adopted by the House of Re-
presentatives being only provisional, until the National Bank
shall be established, the Directors of which will be charged
with managing every thing connected with the loan, and its re-
demption, as well as the payment of the interest, &c. I reserve
it to myself then to communicate to your Excellency all further
instructions that may be necessary.'
In the absence of Don Antonio Jose de Yrisarrii I have the
honour to transmit to you the above, as also a copy of the Act
to which it refers, for your information and satisfaction. I
renew to you the sentiments of' my most distinguished consi-
deration. (Signed) - A. BELLO.
To Messrs. llullett, Brothers, and Co.
Ministry of State and for Foreign Affairs.—Copy of the Act
_ addressed by the Most Excellent the Supreme House of Re-
presentatives to his Excellency the Supreme Director of the
State of Chile, on the 23d December of the rear 1822.
The House of Representatives, assembled in the extraordi-
nary sitting of the 23d of this month, at eight o'clock at night,
took the following; official communication of his Excellency the
Supreme Director into consideration :
" Santiago de Chile, Dec. 21, 1822.
" Most Excellent House of Representatives—The measures
which the House has been plea.ed to point out in its note of
the 19th inst. seem to me to be the most fit and adequate for
the good results which the loan raised in London by the Mi-
nister Plenipotentiary, Don Antonio Jose de Yrisarri, by
virtue of the full powers which were conferred on him for the
purpose, will produce to the country. Anxious, however, to
conduct this transaction with all the prudence, frankness, and
rectitude which may insure the success of operations on which
depend, as well the prosperitiofthe State as the opinion which
they are to produce abroad, 1. have ,ceded and do cede to the
most excellent supreme. House of Representatives, all the fa-
culties which in me reside, as head of the executive power ; in
order that the &Aid House may, after the most mature consider-
ation of the subject, designate the persons 'which it may deem
the most fit to direct the national bank, which is to be esta-
blished, and may also prescribe all the laws and regulations
necessary to give to that important establishment all the con-
sistency, effect, and public confidence, without wFish the bene-
fits which ought to accrue to the nation cannot be obtained.
" The Supreme Director, &c.
" BERNARDO O'HIGGINS."
Accordingly, and until the establishment of the bank already
decreed shall he carried into effect, it is ordered, that the funds
.produced by the loan negociated in London, and on the eve of
,arrivitig,.shall-be deposited in the Treasury of the Mint,- at the
sole disposal of this House, and to authorize, as hereby is au-
thorized, the superintendant, Don Jose Santiago Portages, the
comptroller, Don Anselmo de la Cruz, and the treasurer, Don
Silvestre Martinez de Ozhagavia, for issuing drafts against the
funds of the said loan, which may be in the hands of the house
of Messrs. Hullett, Brothers, and Co., which drafts are to be
countersigned by Mr. Ilumpliry Bunster, as agent for that
house.

Ordered, That this resolution be communicated to his Ex-
lency the. Supreme Director, to be printed, published, and
circulated. . (Signed)
Francisco Ruiz Tagle, Joaquim Ilieto, Casimiro
Alvaro, Francisco Antonio Valdivieso y Var.
gas, Jose Santiago Monte, Jose Tadeo Man-
cheno, Secretary.
(A true copy.)
Manchend, Echevarria, Portalles, Ansehno de
la Cruz, Silvestro Martinez de Ochagavia.
A true copy of that transmitted by his Excellency the Se-
cretary of State' for Foreign Affairs of the State of Chili, Don
Joaquin de Eclievarria, to his Excellency the Minister Pleni-
potentiary of the same State, to the Courts of Europe, Don
Antonio Jose de Yrisarri, which I certify for all necessary
purposes.

(Signed) ANDRES BELLO, Sec. of Legation.

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