The Sun.
London, England, 1841-06-22 00:00:00

PORTUGAL

The Tagus steamer arrived at Falmonth cm Friday evening,
from Gibraltar, 10th ; Cadiz, II th ; Lisbon, 14th ; Oporto,
15th; and 16th from Vigo. She brought a Malta mail.
Her Majesty's ship Hastings arrived at Gibraltar on the 7th
instant from Tarragona. The steamer Great Liverpool passed
Gibraltar up the Mediterranean on the same day. The Hydra
steam-frigate arrived off the .Rock on the 10th, on her nay to
the West Indies, from Malta and Carthagena.
LISBON, JUNE 14.—The Ministerial crisis terminated on
Wednesday lass, in the formation of thw following Cabinet,
consisting of two members of the late Administration, and four
new hands, viz.:—
President of the Council and Minister

of the Interior
Finance
War

Foreign Affairs
bral,

Justice
Marine
P. _

On the 11th, the new President of the Council appeared at
the Chamber of Deputies, where, in accordance with the
established usage, he explained the principles upon which his
Administration purposed to act. It was their intention at
once to withdraw the obnoxious project regarding the militia
force, to effect all possible retrenchment in the public expendi-
ture, and generally to take as their guide the sense of the par-
liamentary majority. To this, M. Costa Cabral, the Minister
of Justice, added that for his own part he had yielded to the
wish of his colleaguee. to withdraw the militia project, but that
he felt assured that ere long .the whole nation would of its
own accord demand the re-establishment of that force. The
Finance Minister stated that he would adopt and follow up the
plan proposed by his predecessor for the payment of the divi-
dends to the foreign creditors by means of the contract with the
firm of Sampaio and Guimaraes, which had been already laid
before the Chamber for confirmation.

The finances of this country are in so deplorable a state that
their improvement is, or ought to be, the main object sought
in every change of overnment that takes place. Every now
and then some new financier has been taken in hand ; and in
every instance have the flattering anticipations formed at the
commencement of his career been wofully disappointed at its
close. M. Avila, who has now undertaken the ungrateful
task, is yet untried, and never having had any experience in
that line, there certainly are no grounds upon which to rest a
hope that he will be more successful than any of those who have
gone before him. The next dividends to the foreign creditors
will probably be paid, but if they are so, it will be by means
which cannot often be resorted to. The system of drawing
the revenue in advance is an expedient which does not admit
of frequent repetition, and must soon become impracticable ;
and unless the permanent resources be raised to the level of
the expenditure, or the latter reduced to that of the. former,
bankruptcy, final and irremediable, must ensue at no distant
period.
The project regarding the contract with the firm of Sampaio
and Guimaraes, for the purpose of raising funds for the pay-
ment of the next dividends in London, was to have been
brought under discussion on Saturday at the Chamber of Depu-
ties, but it was found necessary' to postpone it for a very im-
portant question stated by .Count Taipa, and the decision of
which, as it would serve to test the strength of the new Ad-
ministration, it was thought inconvenient to put off.
The procession of Corpus Christi took place on the 10t.h
in-
stant, and passed off very quietly, although forsome days & r
Th
it was (according to annual custom) rumoured that some poli-
tical outbreak would occur.
A decree, establishing the mode of selling the national
pro-
perty yet on hand has been published in the official Gazette.
The following are the different terms of sale, the choice of
which is to be left to the purchaser :
1. One-third in hard cash, one-third in papers
of credit,
one-third in the old paper currency..
edit (floatin
2. One-sixth in cash, one-sixth in papers oft cr
ird in bonds of h.
the funded debt, internal or external.
currency, three-
3. One-sixth in cash, one-third in old piper
one- g
debt), one-third in old paper currency,
sixths in papers of credit. r currency,
tb Ones tenthin b bonds
in honey,
old paper currency,
5. One-tenth in money, three-tenths in
sixtien ino;thelft% three
-tenths
six-tenths in papers of credit.
the g
which the foreign
Of these conditions the fourth is one
their advantage to adopt,
bondholders ,could find it most
make the trial. It is hard to
should any of them be disposed tobie
for the to do so or not.
say whether it would be advoirses
were sinvaluable as it is re-
If in old pape
If the property now offered for no doubt as to the expediency
presented
to be, there could be
in w
ta be than, te or three years
of the step, for the odds seem
become mere waste paper.
more, their bonds will have

Within an hour after the
.F7idWayiweek, the Liberals quietly com-
menced• operations. By Wednesday evening everything
their
was arranged in readiness to meet the strongest opposition the
Et
osoTkAtthleNn----Seyoßn
might succeed in getting up. The success
of
Sir
F.
Tories took
.msy it 337, taught the Liberals the necessity of or-
Burdett, in
• • ad vigour in their election proceedings. The accuracy,
ganisation a
of his committee, d
of the proceedings down to the minutest de-
tails, with the result so fatal to the Liberals, was a lesson to them
from which they had the wisdom to profit. In the following
August, the period of the general election, the energy. the
Liberals, directed by skilful arrangements, asseoedr for a
long time to come the supremacy of their party in Westmin-
ster. Their leaders have kept the same organization on foot,
and intend to do so for the future. Six and thirty hours at any
time is all that is required to place their forces in the field
and at this moment, should the Tories venture to produceW
candidate, be it Sir Robert Peel, Sir James Graham, or any of
their stoutest champions, his defeat by an overwhelming ma-
joritt is certain. We have it from the best informed quarters,
that in all probability the present honourable Members will
walk over the course. A real opposition is all but out of the
question; and it is hardly to be supposed that a sham fight, for
the purpose of putting 111essrs. Evans and Leader and their
friends to expense and trouble, will be attempted.— Chronicle,
The General Steam Navigation Company s
Vessel the Ocean, I. Fife, from Rotterdam, arrived off the
Custom-house at o'clock, on Sunday, with the Dutch Mail.
Also the Caledonia, from Hamburgh, arrived at 4 A. M. with
the Hamburgh Mail, after a favourable passage of 51 hours.
CURIOUS CA ss.—Lord Huntingtower, the
Anti-Poor-law candidate for Andover, comes dr age on
the 3d of July. Should the election take place before that
day, his Lordship, even with a majority of votes, could
not be the sitting Member. The late Mr. Fox, and se-
veral other persons, have been elected whil
e minors, but
to their elections no objectiou wars m e • so that "a blot
is no blot till it is hit."