The Sun.
London, England, 1824-06-28 00:00:00

GERMAN PAPERS.

BERLIN, JUNE 15.—A great and important financial ope-
ration has just taken place relative to the debts of the State, of
which the following are the particulars :—According to the re-
gulation that has hitherto subsisted, the sum annually paid by
the Exchequer to tire Sinking Fund, for the purpose of purchas-
ing these securities in the market in the course of the day, and
thus effecting a gradual redemption. These purchases are
hencefort to cease. His Majesty has addressed a cabinent or-
der to the commission for the administration of the public debt
to the following effect, that the public securities which are to
be redeemed by the Sinking Fund legally established for that
purpose, shall in future be determine by a Lottery every six
months, viz. in March and September. In this manner-there-
fore public securities (or bonds) to the amount of half a mil-
lion shall be drawn by a Lottery every half year, tnd the
holders shall receive in cash the full nominal value on the 2d
of January and 2d July every year, together with the interest.
The-list of the numbers drawn will be published, and those
persons who not withdraw the value of their numbers, will not
receive any further interest for them. This operation could not
fail to have a favourable influence on the-public securities, es-
pecially as the original holders of the bonds or obligations who
bought them at the-rate of 60 or 70 per cent. have the advan-
tage, in case their numbers should be drawn, of having them
-paid at the full nominal value, and thereby gaining, besides the
interest, 30 or 40 per cent. The consequence is, that even be-
fore the publication of the Royal Ordinance in the-bulletin of
the laws, the obligations were in great demand here, and have
risen to 95, a value which they never before obtained. There
is little doubt of their rising still higher. With respect to the
other Public Securities, the rnotle of redeeming thetri hitherto
practiced is " lot the present," says the Royal Ordinance, to
be continued."
The King, we understand, will again go to Toplitz for the
' season and afterwards visit Silesia, before returning to the
capital. The review of the two corps of troops asseinbling near
Breslau. will, therefore, not take place till the beginning of the
autumn.
• COLOGNE, JUNE 17.—A Cabinet order of his Majesty the
King of Prussia has just been published here, to the following
effect :
" I have frequently had occasion to observe, that in the
Rhenish provinces the communes of one district, or of several
districts, unite to make a representation on some affair in which
they are all interested, and then present • their representations
with signatures which till entire sheets of paper. This cannot
be done, except by invitation of a commune, or its Magistrates,
to give in the intended representation, obtaining signatures and
other such proceedings, which cannot be allowed: If a com-
mune has anything to represent, it may do this for itself
like any other petitioner ; but the inviting of other communes
to join, is contrary to the regulations of the Felice, and I there-
fore commission you to issue a gee•_ral ordnance to the chief
presidencies of the Rhenish provinces, by which this abuse may
be put a stop to.
(Signed). . " FREDERICK -WILLIAM.
" To the Baron Von Schuelmann, Minister of the
Interior and Police.
" Berlin, May 11, 1324." •