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

papers for Saturday, show that the movements of the
Paris market have very much corresponded with those cf
our own, as far as concerns the effect of the Queen's
Speech, and the debates on the Address. The first dint
of the omission caused in Paris, as it did here, a destine
in the public securities, but the last papers, which show
that the French are in possession of the speeches in Par.
liament likewise, bring a slight advar.ce in the prices of
stock, and although such a reaction did not take place
from a like cause in our own market, it was pretty gene-
rally admitted that such would Lave been the case had not
the paragraph about the public exigencies prevented it.
Money has been in more request, and this has caused
a greater continuation in the price of Consols for the ac-
count, as compared with the value for money, while also
the continued bringing of stock into the market has ope-
rated unfavourably to the maintenance of quotations gene-
rally.
_ .

The foreign securities have, in almost every instance,
given way, but the more particularly affected were those
connected with the Peninsular Governments, and for the
reason that it is here the impression that the bondholders
are not fairly dealt by in the proposed consolidation of in-
terest upon their debt, and the small payment to be made
upon it is also not thought worthy their consideration,
Private letters from M idrid contain several observations
respecting the Regency decree for the conversion of the
overdue dividend into a 3 por cent, stock, published in the
Gacela of the 22.1 ult. The amount of outstanding over-
due dividends, it is observed, may be set down at
960,000.000 of reals vellon, so that the present debt will
he increased from 6,000,000,000 to 6,960,000,000, while
the balances duo by the puichaFers of the national property,
together with the value of that still unsold, and the value
of the church estates applied, as according to the same
Gazette, as well as of those bxlonging to Ordenes Mtli-
tares, &c., are only supposed to amount to 4,835,000,000,
to say nothing of the circumstance that part of the
payment for ileac properties is to be made in certif.:-
cates of debt without interest. To show the room there is
for retrenchment in the different branches of the public ex.
penditure, a communication in one of the Spanish j,airnals
by M. Pebrer, fur the purpose of announcing the forma-
tion of the Finance Association, contains some importat,t
facts. lie sets down at 20,439 the number of employes
under the Finance department, which thus costs t 9
cent on all that it collects. The preventive service is esti-
mated at $2,099,400 per annum, in spite of which about
$24,000,000 are annually smuggled into Spain. The
number of other civil employes is set down at 100,000,
while the hall.pay to removed functionaries is reckoned
to be about 500,0001. sterling, independent of that received
by the military men, of whom there are as many in every
city of Spain. The different denominations of taxes ap-
pear to be no less than 'lO2 in number. This same Ft.
mince Association submitted to the Minister of Finance an
opinion against the expediency of issuing the decrees far
the conversion, but he felt that he could not withheld their
publication. Their effect on the Bourse, it is obServed
by the same letters, was very trifling, arid it is still thought
doubtful whether any actual good will be done to the
creditors, or whether the la hole is not an expedient to
gain time.

- The reptesentationa made to the Board of Trade last
year by the merchants of London, Liverpool, and Glas-
gow, interested in the trade with Venezuela and New
Granada, on the subject of the coffee duties, have been
renewed with some additions and greater confidence, now
that the general question of import duties is about to be
agitated in so solemn a manner in Parliament itself. They
disclaim, however, any desire to interfere with that prin.
ciple, professing only to seek such a regulation of the duty
as, while in accordance With that principle, may operate
fairly towards other interests. It appears to them that a
difference of 3d. yer pound duty in 'favour of British co-
lonial coffee, as compared with foreign, would afford Sad&
cient protection to the former. The coffee from the
Spanish Main is brought to market at a cost of from 503.
to 555. per cwt.,.which is the price in pond. An addi•
Lion of 28s. per cwt. (which is 3d. per lb.) to this before
it was allowed to be placed on the same footing with
the British, would, it is thought, give the latter
a sufficiently preponderating advantage. In fact, as
the coffee of Foreign States has been transported to the
Cape of Good Hope, to comply with the law in favour of
imports from within the limits of the East India Com-
pan) 'a Charter, and thereby is subject to no, more than
9d. per lb. duty, it is -shown that too proposed alteration
has, in fact, been-. practically obtained. To do away with
so unprofitable a course as that which is now taken to be
subject to the smaller duty only, the suggestion is, that if
colonial.coffee pays 6d. per lb., foreign shall pay 9i.,
without taking the circuitous route; or, if colonial be re-
duced to 5d., foreign shall pay but Bd. The commercial
intercourse beta een Great Britain and Venezuela and
New Granada is stated to be such as to render expedient
every encouragement to the products of the later, and
with respect to the slave trade, the merchants say, in the
first place, that these countries have wholly purified them_
selves from that traffic, and in the second place, and with
respect to other countries. that may not be similarly cir-
eumatanced, they submit, that the trade in coffee being a
legitimate one, the question of slaves ought not to be con,
nected with this of the duties.

POST.—The funds closed under-much depression this
evening, the market being again unfavourably influencedn
by the assumed defAcation in the revenue.
Some propositions have been put forward on the part of
the Spanish 'Government, on the subject of finance, fcii
which we may make reference on a vacant day. The
Gaceta de Madrid has eight or ten columns under the-
Lead " Ministerio de Hacienda," which it will of course:
take time to digest. It must,' however, we arc quite sure,
be a sore dishppointinent to Messrs. Mendizabal and
Gambqa to learn that the effect of th •ir exposition was a
considerable decline in the London market.

LAW INTELLIGENCE.

ROLLS' COURT, FEZ. 2.

The Master of the Rolls sat yesterday in the Rolls'
Court, Chancery-lane. At the sitting of the Court
30 Town and 53 Country Solicitors were sworn in before
his Lordship, and Masters Lynch and Rose.
Consent petitions were then taken, and afterwards the
remaining opposed petitions were disposed of, among
which was one in a case of