The Sun.
London, England, 1841-03-02 00:00:00

PROM THE MORNING PAPERS OF THIS DAY..

CHRONICLE.-_A meeting of the Committee of Scu h
American Bondholders was held to- eay-to make arrangements
for the general meeting of the Chili= creditors, fixed to take
place on 'Wedneiday. Printed statements will be ready by the
day of meeting, showing the proposals made by the Chilian
Governmere, with a comparative view of the finances of that
republic from 1833 to the present time. •
We have received copies of as despatch, transmitted in the
month of October last by her Majesty's Minister at Bogota,
along with a representation from Messrs. Fo-.v'es, 111ingworth,
and Co., the agents there for the Colombian bondhclders
to the Government of New Grenada. Also a copy of the
reply by the Minister of that Republic. From this cor-
respondence it appears that the Government of New
Grenada fully acknowledge that the revenues avls•
tag from tobacco and the custom-houses, are ape-
cia.ly hypothecated to the payment of the interest
on and redemption of the foreign debt. 'I he Minister of New
Grenada states, indeed, that the funds destined to the payment
of the national debt have always been held sacred by the Exe-
cutive, and that the proceeds have been regularly remitted to
Ene,lant from time to time, although, in consequence of the
political ajtatior•s which have occurred during the last two
year:, the amount has been touch less than was expected, and
partly diverted from their legitimate application. Under no
circumstances, however, ho states, will the li.gitimate autho-
rities sanction any misapplication of the funds hypothecated
towards payment of the interest on the foreign debt, and it is
announced to be the earnest desire of the executive to regu-
la,e, in a satisfactory manner, the foreign debt of the Re-
public, so soon as the political disturbances which afflict the
country- have teased ; and with that view the Minister expresses
an intention of the Executive is propose a measure to Con-
gress at its first meeting useful and favourable to the bondhold-
ers, and which he says mill enable the Republic.to fulfil its en-
gagements. The subjoined letter on the subject of the internal
debt of Spain will be read with interest by the creditors of that
country :
" Sir—ln your paper of Saturday I read a communication
from a gentleman in Brighton, in which, after alluding to my
statement respecting the Spanish foreign debt, he wishes to be
informed likewise of the amount and circumstances of the home
or internal debt.

"It is not in my power to gratify his wish by presenting a
similarly detai'ed c.cument, but I think that the following ore
will serve the purpose, which you wdt Le good enough to pub-
li,h, if you think it worth the att ntion of sour readers

TOTAL. A3IOUNT OF THE SPANISH HOME HEM'.

With Interest. Without Inter.
Five per Cent. Consolidated... 1,387,833:382
Four per Cent. Consolidated... 629,49,636
French claims—..

Current debt .„

347,041,271

Vales non-consolidated

537:211,317

Debt without interest

1,252,E8,101

Titu'os not presented to the

liquidation.in 1836
Titulos given after the said

645,562,534

Titulos issued for the conver-
sion of interest overdue on

417,376,033

vales

84,043,852

Titulos liquidated and recog-
nized, submitted to the ap-

proval of the Cones ...

278,4'4,306

Reales vellon
At 4s. 3d per dollar of 20
reales, equal to
" The above statement was presented to the Cortes by the
Minister of Finance in 1837, Ater the liquidation of all claims
had been comple:e3. The amount will be diminished in pro-
portion as the purchasers of rational property make good their
instalments in bends.

" I remain, Sir, ycur obedient Fcrvant,
" A SPANISH BONDHOLDER."
" London, March 1, 1841."

TIM ES.—Few persons who are in the habit of paying a 4.-
tention to such matters can have forgot en the high tone
assumed in the early part of their career by the " Commissioners
for South Australia," the large feuds to be attracted in aid
of their vast projects, and the benefit to be derived from them
by the public at large, under corer of which they became
bc,rrowers of money to a large extent, almost conferring
thereby an obligation on the lenders, of so superior a kind
was the security held out to them. But a sudden change, it
seems, has come over all these splendid prospects, and, if the
statements which are current in the Cityon the subject are coaect,
the Commis•ioners are now without funds to meet the draughts
mado up:sn them from the colony. To an application with one
of their balls, presented at their office in P.rk-street, and re-
fused payment, the following written answer, it i, sated, has
been ieturae.l, viz., " 'I he Colonization - Commissioners for
South Austsala ars not in possession of the necessary means
for meeting the pecuniary claims upon th.s public funds of the
c-l-ny, but it is the intention of her Majesty's Government to
ring the question of the affairs of South Australia before Par-
liament without delay, with a view to such arrangements being
made for the sati faction cf the claims'of ail cla-ses col' the cre-
ditors as Parl.ament may sanction."
Since thii occurred there has been an appointment, on the
motion of Lord John Russell, of a Select Committee to investi-
gate the affairs of the Commissioners 'ahove referred to, but
probably without the cognizance of the House of Commons ge-
nerally, or of the causes which led to that motion. In plain
terms, however, it amounts to this, that the Commission is
bankruit, and that the real point for the Select Committee to
report, and for the House of Commons to decide upon, is,
how this great and favourite emigration and colonization
scheme is to be protected from total dishonour. Now
that the origin of Lord John Russell's motion and
of the appointment of the Select Committee is dis-
cloied, the public will no doubt look for that report and the
final issue of the whole affair with eager curiosity. Any one
who considers the matter carefully willreadilycotue to the con-
clusion that the great point of contest will be, whether the obli-
gation to meet these co'onial draughts shall be thrown upon the
Commissioners for South Australia or her Majesty's Govern-
ment. Certainly, until some issue is arrived at, the Commis-
sioners must he admitted to stand in a situation of no ordinay
peril, though the real party to suffer in the end by all this fully,
that is the pub ic, cannot be very doubtful.

SUN.—We have not had any news to influence the funds
to-day, but they nevertheless improved owing to the in.:
creased abundance of money. The rise in Consols as
compared with the closing value of Saturday, was k
per cent., the quotations for present transfer being 88i to
84. and for time 89 to 891. The continuation to
the April account has rather fallen elf. Exchequer
Bills were a shade higher, nam: ly, 7 to 10
premium, and India Bonds improved to 10 and 15
discount. Bask Stock got up to 1664 and 167 f, the 3f
per Cent. Reduced Annuities were at 97i to 98, the 3 per
Cer t•. at 89 to 89i, and the New 3} per Cents, at 97 to f.
It is not improbable but that the c:cbata to-right in the
Commons may influence the value of Stocks upon the
opening tc-morrow, but people in the City pretty via
guess which way the division will go.
There was a moderate business done in Foreign
Stocks. Spanish Active Bonds were favourably
infleenced by the intelligence of the Portuguese
Ambassador having teen again received at the Court
cf 'Madrid, on presenting his credentials to the Re-
gency of Espartero. The Active Bonds g t up from
231, 24 to 24 and 244. The news from Lisbon not
possessing the least interest, the Nev Portuguese 5 per
Cents. were dull at 314-, and the 3 Fer Cents, at 19k. Cc--
tomb ian Stlek of 1824 was merked 223 to 23k, and
Mexit;an Weida of 1837 were firmer at 28,
being for e:.ch rather higher prieee, Peruvian
Bonds were at 171. Belgian Old 5 per Cents. ;were
firm at 100, and Dutch 21 per Cents touched 501 to 6q..
The li.tilv4y Shares all had a te.tder:cy to advance,.
Great Western were 22 to 23 prem., ex-dividend ; tho
New 161, the Fiftbs 54 to the Birmingham 81 prem.,
cx--lividend, and f-e South. Western Tenths 1 prem.
Brighton were 61-, B'nckwall 5 fI, Mtnebester and tiirming.
ham 154, end North Midland 29 d scount.
The Halifax steamer starts on the 4th ;natant, and Ole
Blitih Queen on the 81), so that we may soon expect to
h _ye a more regular and active eernmunication kept u? be-
tween this country and the United States.