The Sun.
London, England, 1824-05-11 00:00:00

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Laval foirce at the Brazils. There were six
Prench ships of war at Rio when the Friends
left, and two more frigates were daily expected.
B°l-11e of the 'letters speak of the cause of inde-
,
,Pendence in very gloomy terms.
Private letters received this morning from Paris
state, that the Project of Law for the Septennial
renewal of the Chambei of Deputies, passed the
Chamber of Peers with a large majority, and is
('Kpected to be also carried with a high hand
through the Lower Chamber.—French Rentes,
at Paris, 103 f. 50c. for money, and 103 f. 70c.
for account.
Half-past One o'Clock.—Consols opened this
ntorning at 96 for Money, and 961 for the Ac-
count. They have since declined a little, and
are now 061-- for the Account, and 96. Money,
with Very little doing.

FOILEIGN MARKET.-South American Secu-
rities are heavy, and have experienced a general
tiecline, as will be seen on referring to the table
°f prices of the public funds this day—Greek, I
4 happy to say, has advanced to 7, find the
confidence 'having been at length re-
established in this interesting security, it is
to be hoped that it will rapidly advance
t° its real value. Spanish opened at 201,
e-rid have fluctuated 22, oc)./.;-, 23, 4:204, and
are now 20. The chief business done has been
in. Spanish Bonds.

In our front page we have given extracts
hum the Paris Papers received since our last.
It is asserted by the Etude that " answers are
Ifi'°rtlY expected to the first overtures made
t° tl'H Portuguese Government by the Bratillan
Commissioners now in London !" We, of course,
cannot pretend to penetrate the meaning of this
nqsterious annunciation ; but we have our
suspicions that it is nothing more than an uu-
fnunded artifice, calculated to excite doubts
0f the fidelity and -honour of the Gentlemen
are the representatives of the Brazilian
Government in this country. It would be strange,
Indeed, if those Gentlemen were really in cor-
respondence with the Cabinet of Lisbon.—
It is stated in letters from Madrid that a
levy, of 563000 men is about to be made in
SPaint and that part of this force is destined to
act against South America, if the necessary funds
for its equipment can be obtained. That these
funds may be oblained, if FERDIXAND only con.
setits to perform an act of justice towards the
liolders of the Constitutional Bonds, cannot be
tlqubted ; and the rise which has taken place in
these securities is probably the consequence of a
44solution having been taken by the Cabinet of
Madrid to receive them in part of a new loan.
This, therefore, is another ground of serious ap-
Prehension for the independence of South Ame-
rica, and ought to operate as an additional warn-
ing to the public against being too confident in
the stability of the new states.

The following is an Extract of a Letter from
-11,`'` Agent to Lloyd's at Jersey, dated Bth
"'4Y
"The Friends, BENEST, arrived here on the
sth inst. from Rio Janeiro, from whence she
sailed on the 4th March, at which .time there
'were lying there the Astrie and Magicienne
Vrench frigates, Esperance, Diligente, and Pru-
dente corvettes, and two others, whose names I
Cannot ascertain. Three of .the corvettes were
about to proceed to Lima, and two line-of-battle
31110 were expected from Toulon. His Ma.
jestVs ships Spartiate and Cambridge were at

4ract of a Letter from Malta, dated the 6th
April, 1824.
`fie have been fully occupied here for some
tirc, • •
e past with a General Court Martial, held on
t" Officers of the Royal Artillery, whose
l'elrious scruples were so great, that they would
1104 fit.ethe usual salutes with which the inhabi-
tshts fia've been hitherto indulged on their festi-
vals ever since the Island has been in possession
of the British, and, from time immemorial.—
lhese proceedings, it is expected here, will
create , a great sensation in LondQn, both among
the Military. and the Saints—the latter I have
v° 4011 A have been applied to on the subject."

the peace of Europe be indeed preserved,
-4
!Pita of the conflicting political principles as
°I al projects which have de facto already pro-
Illiced a war of diplomatic intrigue, the conti-
t 444ce of so great a blessing may with perfect
nth
A and accuracy be attributed, not only to the
r4l4ess and promptitude of Mr. CANNING, but
40 inconsiderable degree to the financial
,measures adopted by the British Cabinet for
reduction of the public debt. However humi-
liating may be the fact, it is quite certain
that we were held very lightly by the great
,dont•
illental Courts, previously to the successful
ePeration
of reducing the Five per Cents., and the
subsequent financial measures which have placed

the pecuniary resources of the British Em-
pire in so flourishing a state as that to which
they have now attained. England, loaded with
debt, and seemingly oppressed by taxation,
was supposed to be utterly incapable of offer-
ing effective resistance to /any project which
the other great Powers might resolve to adopt ;
and although, therefore, they might con-
tinue to treat her with the semblance of courtesy,
they had determined on prosecuting their own
views, without paying any real regard to the re-
ruanstra,nces of a country which they believed to
be so fettered by its financial embarrassments
as to be unable to support its policy, if an
occasion should require it, by an appeal
to arms. Now, however, that the British Go-
vernment has, by the repeal of taxes to the
amount of upwards of twenty millions per annum,
and by the reduction, first of the 5 per cents.,
then of the 4 per cents., and now of the interest
on Exchequer Bills, at once greatly increased
the resources of its subjects and materially
curtailed the annual charge for the interest on
the public obligations,—with a sinking fund of
five millions in constant operation,—and the most
promising prospect before it of being speedily
enabled to make a further immense saving of an-
nual charge by the reduction even of the 3 per
Cants. to a Stock of a lower denomination,—now,
we say, that this great Country has, by these
measures, presented herself before the world in the
imposing character with which her renovated re-
sourses, and obviously unimpaired strength have
invested her, she has not only once again caused
her power to be respected and feared by the
greatest Powers of the Continent, but she has,
by the force of her example, and of her success,
com.)Pllect the Continental Governments to devise
v 4
similar financial measures for recruiting their
own resources, and has thus rendered it the
first and most important interest of every
State to remain at peace ! France has already
followed us in our financial career, by successfully
concluding a negociation for the conversion of
her public debt. Russia,. Austria, and Prussia,
have resolved on and are preparing for similar
operations ; and one of the greatest political
results, therefore, that has ever affected) the con-
dition of the civilized world, is clearly attributa-
ble to the moral influence, in the Cabinets of the
Great Powers, of the stupendous mechanism of
the financial system of England.

On the second reading of the 'West India Com-
pany Bill being moved last night, Mr. Husxissox entered
into a full and satisfactory detail of the objects and principle of
this important measure. The Right Honourable Gentleman
supported the Bill warmly and most ably. The Company in
question (Mr. HUSKISSON said) was not formed with a view
to a monopoly of the 'West India trade; its capital was not to
be embarked in the market ; they were merely to act as an
agency-house in this country, to receive consignments to sell
on commission, and advance money on the security of West
India estates. It was thought by some (the Right Honourable
Gentleman stated) that the distress of the proprietors in the
sugar islands would be available to the amelioration of the
condition of the slaves. He (Mr. HuoussoN) was quite of a
contrary opinion : the fact was, that if the urgent distress of
the planters was not relieved, they would be driven to despair,
and then little could be hoped from their co-operation to im-
prove either the moral or the physical condition of the slave
population.

Mr. MABERLY brought forward, in a speech of
considerable length, his motion for the repeal of the As-
sessed Taxes. It was opposed by the CHANCELLOR of the
EXCHEQUER, principally on the' ground that such a repeal
would nearly destroy the Sinking Fund, to which Parliament
had given its solemn sanction, and which now supported so
strongly public confidence and credit. The motion, the CHAN-
CELLOR of the EXCHEQUER said,. was in fact only a repeti-
tion of that brought forward previous to the recess, by .Mr.
HOBHOUSE, for the repeal of the House and Window Tax,
only that the present motion went, by a sweeping proposition,
to repeal all the Assessed Taxes ; and the arguments ho then
opposed to Mr. HOBHOUSE'S motion were equally applicable
to that of Mr. Mum nr.Y. The motion was also opposed by
Alderman HEYGATE and Mr. N. CALVERT, who stated, from
the opposition benches, that, he would prefer giving his sup-
port to the repeal of any taxes that would tend to raise the
general price of labour. Mr. HUME supported the proposed
repeal ; but Mr. MABEItLY'S motion was ultimately negatived
in a division by a large majority.

T
GRATIFYING AUTHENTIC INTELLIGENCE th-
GARDING SIR CHARLES 3I'CARTHY.
( From the Dublin Star of May 8.)
The following note, addressed to the Editor of
this Journal, by the Reverend Mr. GAMBLE, will
afford much gratification to the friends of Sir
CHARLES McCARTHY, and those of the gentle-
men who accompanied him on the expedition
against the Ashantees. The letter, dated the
21st of February, does not in any way allude to
the disastrous engagement alleged to have been
fought on the 31st January, although such an
event could not possibly have taken place, with.
out all the circumstances attending it being
known at Sierra Leone a long time previously to
the dispatch of the latter. This intelligence
cannot fail to prove highly interesting to the pub-
lic at large, and peculiarly consoling to the
friends and relatives of the gentlemen who were
stated to have perished in the field.
" TO THE EDITOR OF THE DUBLIN STAR.
" DEAR SIR—I have had a letter, dated 21st Feb. from
Sierra Leone, from Lieut. AUSTIN," of the Navy, in which he
says nothing of the battle at Cape Coast Castle. The battle ap-
pears to have been fought on the 31st January. Mr. AUSTIN
was on a mission to the Ashantees, and had returned with peace-
able accounts, and in his letter. (21tt Feb.) states his expectation
of the Governor's speedy return. This may be of use, and of
some consolation to persons interested in the fate of this brave
man.
" 7th May, 1824. " P. R. GAMBLE."

The Duke and Duchess of CLARENCE rode out
together yesterday to Putney.
Yesterday tho Duchess of KENT and the Prin-
cess FEODORE, visited the Duke and Duchess of
CLARENCE.