The Sun.
London, England, 1841-07-29 00:00:00

SPAIN.

- -
The following is the expose of the motives of the pro-
ject of law presented to the Cortes for the cession by
Spain to this country of the islands of Fernando Po and
Annobon :---
" The-unhealthiness of the climate on the Sierre Leone
coast, where are actually established one of the mixed tri-
bunals of justice, formed in virtue of the treaties con-
cluded with Great Britain for the abolition of the slave
trade, for the purpose of a summary judgment in
cases of slave traders captured, demanded on the
part of the two contracting parties a more salubrious
spot for the transfer of the said tribunal. The
Spanish Government had chosen the isles of Fernando Po
and of Annobon, in the gulf of Guinea, belonging
to the Crown of Spain by formal cession, as specs-
fled in the treaty signed at the Pardo, in March, 1778.
After the proposition of divers projects, then not exe-
cutable, England, on the 18th of April, 1839, offered to
purchase these islands on reasonable terms, finding them
more convenient than Sierra Leone for the protection of
the clauses of the treaty of 1835. The mixed Commis-
sions, convinced of the advantage to be derived from the
abandonment of Sierra Leone, and of the facilities af-
forded for the enforcement of the execution of the said
treaty by an establishment on one of these islands, which,
though belonging to Spain, had since possession aban-
doned, from their uselessness to the nation, considered
advisable to admit the proposition of England, and in
order to facilitate the views of the two countries negotia-
tions were opened.
" The affair was concluded in April last, a report on
which was laid before the Provisional Regency, which
decreed that, except the Cortes consent, the 60,0001.
offered by England for the islands should be accepted,
and ordered that, if the cession took place, that sum
should be applied to the payment of one of the
current dividends, and the surplus, if any, to that
of the interest on the debt contracted with Eng-
land in virtue of the treaty concluded on the 28th of
October, 1828. Thus proving the Spanish nation's
desire of fulfilling out-standing engagements. In
order to the definitive conclusion with the
Plenipotentiaries of her Britannic Majesty of the
treaty for, the cession to England of Fernando
Po and Annobon, his Excellency the Regent,
during the minority of her Majesty Queen Isabella
11., with the consent of the Council of Ministers,
has ordered me to submit to the Cortes the reasons which

have determined the Government relatives to the afore-
named cession, and to propose to that corps, in confor-
mity with article 48 of the Constitution, the following
project :—Sole Article. The Government is authorised
to cede to Great Britain the islands of Fernando Po and
Annobon, for the sum of 60,0001. offered, conformably to
a special convention to be signed by the Plenipotenti-
aries appointed by her Catholic Majesty and her Bri-
tannic Majesty, an account thereof to be submitted to
the Cortes after ratification.

"ANTONIO GONZALES.
" At the Purace, July 9, 1841."

THE GOODWOOD CUP.—The piece of plate
which, in accordance with the language of the turf, is
this year called the "Goodwood Cup," and which will
be run for at Goodwood on Thursday next (to-morrow),
is a very elegant group in silver, designed by Mr. Cotte-
rill, and executed at the manufactory of Mr. Gar-
rard of the Haymarket, representing one of the
most i mportant passages in the battle of Bosworth
Field, viz. the onslaught made by Richard 111., and
the moment iu which he cut down Sir W. Brandon,
standard-bearer to the Earl of Richmond (afterwards
Henry VII.) The group depicted by Mr. Cotterill,
consists of two figures—Richard 111., who is on horse-
back, and Sir W. Brandon, who is dismounted, and whose
horse is represented as in the agony of death. The
tyrant Richard has caught hold of the standard of the
Earl of Richmond, and is wrenching it from the reluctant
grasp of the intrepid standard-hearer, who has lost his
helmet, and is in vain defending himself against the
vigorous attack of the last representative of house
of York. The group is full of vigour. The com-
position is exceedingly pure, and the details of the
armour and the peculiarities of the costume are
winner
t
admirably represented. This group is worth, without
reference to the intrinsic value of the silver, as estimated
by the owner, infinitely more than a mere "racing cup"
of the olden time. It not only confers a boon upon art,
placeo
foramongstus,
ehisi r
plate an elegant and a refined ornament. Our ancestors
were accustomed to make "too free an indulgence from the
but it enables the fortunate
bwuitnn
fortunately
appreciate genius in the prizes of
modern races, and whilst drinking to the success of for-
tunate winners, reward them and encourage art at the
cdoenscteenuctlsan o descendants, s, racingN ve cats‘‘ cups,
same time, by a judicious selection of the prizes which
form the stimulants of their endeavours.
We understand that the Balquhain tenantry, in
celebration of the majority of their young landlord,
Count Leslie, and of his return to this country, have in-
vited him to dinner on Tuesday next, the 27th inst. A
number of the neighbouring proprietors have been in-
vited to meet the Count, along with his noble relative,
the Lord Lovat. We have the greatest pleasure in re-
ferring to such instances of right feeling between land-
lord and tenant, of which the County of Aberdeen has
lately,paper. exhibited many pleasing examples.—Aberdeen

MONEY and COMMERCIAL NEWS.
CITY, WEDNESDAY EVENING.
The symptoms of improvement in the Foreign
Exchanges, though certainly not yet decided, have
caused satisfaction, and the fine weather has had another
good effect, viz., that of checking any further adiance
in the price of grain. It is indeed high time, as our
manufacturing population are reduced to such a state of
poverty from want of employment, that. they can ill
afford to pay advanced prices for the necessaries of life.
There was rather a wide range in the value of Stocks
to-day, in consequence of the increased extent of busi-
ness doing, atid in some of the funded Securities there
were sales effected that led to a gradual decline off to 1
per cent. The market, though apparently unsettled,
rallied slightly before the close of business. It had, in
fact, perhaps gone too high within the last few days to
enable some parties to resist the temptation of selling.
For immediate transfer Clonsols have realised 90* to 89,1,
closing at 898, and for the Account they were at 904 to 9u
buyers. At the highest prices of the day the only bar-
gain was immediately after the opening of the market.
Exchequer Bills were worthl7s. to 19s. premium ; the
Reduced Three-and-a-Half per Cents. 991 to 99k ; the
New Three-and-a-Half per Cents. 99 to 98/ ; and the
Three per Cent. 90f to 90.. Bank Stock was at 170 ;
and East India Stock at 248.

In the Foreign Stocks there was very little doing
again to-day. Spanish Active Bonds at 20 to 19-. ; Por-
tuguese New Five per Cents. at 304 to ; the Three per
Cents. at 18. ; Mexican at 254 ; Colombian at 194 ;
and Brazilian at ; Austrian Old Bonds were 1081 ;
and I)utch Five per Cents. 102 to it.

The transactions in the Railway Shares were spread
over some extent, that is to say, there were a few bar-
gains in most of the principal lines, but no large business
in any one of them singly. Prices were not so good as
yesterday. Great Westerns were done at 19 to 191 ;
the New at ; the Fifths at 51 to f ; and the York and
North Midland 25 premium. The Brighton were 7to
7i ; the Blackwall 94 ; the Eastern Counties 15i; the
North Midland 34* ; and the Manchester and Leeds
20i discount. London and Westminster Bank Shares
were 2i- premium.

(From The Sun of Last Night.)
LIVERPOOL COTTON MARKET, JULY 27.—The busi-
ness in the Cotton Market has been limited to 1,800
bales at steady prices. In export or speculation nothing
of importance to notice.
LIVERPOOL SHARE MARKET, JULY 27.—The fol-
lowing are the transactions as reported at the Stock Ex-
change this day :—Eastern Counties Debentures 81 ;
Glasgow, Paisley, and Greenock, 264 ; London and
South Western, 54i ; North Midland Third Shares, 5.
In Bank or Miscellaneous Stock nothing doing.
MANCHESTER STOCK EXCHANGE, JULY 27.—The
market has been very- flat to-day, and the only business
done is—North Midland Shares, si; Ashton Canals, 103.

The New York packet ship, the Patrick Henry, was
off Holyhead this day at, 2 P.m. She is not expected
until to-morrow morning's tide, but may be up to=night.
The following official returns have been published of
the exports of the precious metals from the port of Lon-
don for the week ending the 22d inst. Ounces.
Silver Bars to Hamburgh .
Coins to Calais 140,000
Coins to Hamburgh 48,000
. - - -

The Dutch steamer—Batavia has arrived, bringing
papers to the 28th July, also the prices from Amsterdam
of the 26th July i—Two-and-a-Half per Cents., 51
15.16 ; Five per Cents., 101 3-16 ; Ardoins, 19 11-16.
In the course of yesterday a good deal more of transfer
business was doing at the Bank of England than for some
time past, which proves that the public are not speculat-
ing in commercial affairs at present; they have no grounds
to go upon.
The British Market cortinues firm this morning, al-
though no business of any consequence is doing to the
present hour.

Consols opened this morning at the same quotations
they left off yesterday-90 for the Account, for
Money, 90* ; Three per Cent. Reduced,9oll ; Three-
and-a-Half Reduced, 991 a ; New Three and-a-Half,
981 99 ; Exchequer Bills, 17 19 premium ; Bank Stock,
170 172 ; India Stock, 2481 2491; India Bonds, 6 9
premium.
The Foreign Market is steady with the leaving off
prices of yesterday to the present time. Spanish Active,
19i 20 ; Deferred, 91 1 ; Passive, 4i 1 ; Portuguese,
304 a ; Three per Cents., 181; Brazilian, 67 68 ; Colom-
bian, 194 204 ; Mexican, 251 264 ; Chilian, 61 63 ;
Dutch Two-and-a-Half per Cents. improved, left off at
511 521 ; at present 521 ; Five per Cents., 1021.
Shares:—Great Western, 20 21 prem.; New, 9} prem.;
London and Brighton, 61 61 discount ; Blackwell, 94 ';
discount ; Birmingham, 70 72 prem. ; Southampton,
54 55 per share ; Croydon, 124 13 per share ; Green-
wich, 74 74 per share ; Manchester and Birmingham, 18
17 discount. _ _ _

No alteration has taken place in the price of Corn to-
day, little business doing, and the market flatter.

The papers from New York to the Bth inst, have just
been received at the North and South American Coffee-
house, but their contents are not of importance. We
take the following from the papers :
" CASE OF MR. M'LEop.—The decision of the Su-
preme Court in this case will be given, it is supposed,
within a few days after the commencement of the July
Term at Utica, on the first Monday of the month."
The Stock Market has been very dull, but prices have
not materially altered. United States Bank Shares are
Mooey is very plentiful. No alteration in the
rate of exchange.
CLOSINI
BRITISI
Bulk Stock l7O
3 per Cent Red 9OA
3 per Cent Cons 9O
3} per Cent lied 99A
New 3i per Cent
New 5 per Cent
Long Annuities toe spire
Jan. 1860 l3
Oct 1859
Jan. 1860
FOREIGN FUNDS.

PRICES.

FUNDS.

India Stock ...............24S
Ditto Bonds
Ditto Old Annuities

Ditto New Annuities
Es. Bills, 1,0001....2id 19 p-n
Ditto 5001 l9pm
Ditto Small l9 pm
Bank Stock for Acct —
India Stock for Opg —
Consols for Acct 90

Portuguese, 5 per cent.
IDitto, New Ditto
Prussian, 5 per cent.
Russian, 5 per cent
Ditto, Metallic
Spanish, 5 per cent I9L
Ditto, Deferred .
French, 5 per cent. —f.
Exchange
French, 3 per cent —f. —c
Dutch, 21 per cent. ... 521
Ditto, 5 per cent 102
SHARES
Bristol and Exeter (60 paid) ..... . 311
Cheltenham and Great Western (621 paid) 21
Eastern Counties Railway (23 paid) 7l
Great Western Railway (65 paid) B4
Ditto New Shares (50 paid 5Bl
Ditto Fifth (4 paid) 9*
Hull and Selby (50 paid) 361
London and Brighton (50 paid) 42/
London and Blackwall Railway (25 paid)... 15*
Manchester and Leeds (70 paid) ... 491
Northern and Eastern (30 paid) •••• 19
North Midland Railway (100 paid)
Ditto New Shares (40 paid) 32
York and North Midland Railway (50 pd) 75

Austrian, 5 per cent 1081
Belgian, 5 per cent
Brazilian Bonds
Buenos Ayres. 6 per cent
Chilian, 6 per cent —
Colombian, 6 per cent —
Ditto, 1824.
Danish, 3 per cent
Greek, 18'45, 5 per cent —
Mexican, 5 per cent 231
Ditto, 6 per cent, 1825 —
Peruvian,lB2s, 6 per ct