The Sun.
London, England, 1834-06-18 00:00:00

IMPEII [AL PARLIAMENT,

THIS DAY, WEDNESDAY, JUNE 18.

HO USE OF COMMONS.

The SPEAKER took the chair at 20 minutes past
12 o'clock.

The Earl of Mountralls' Estate Bill was read a
third time.

Lord DALMENY presented a petition from some
parishes in Wiltshire, in favour of the Established
Church.

Lord LOWTHER presented a petition from
Ravensworth, in Westmoreland, against the admission
of dissenters to the Universities. Also a petition
from several landholders of Westmoreland upon the
subject of fines. _

Mr. RUSSELL presented a petition from Stour-
bridge, in favour of the dissenters.

Mr. W. FLEETWOOD presented a petition from
1,500 inhabitants of Preston, against the church rates
bill. As he voted for that bill, he could not support
the prayer of the petition; also, a petition against the
separation of church and state, signed by 1,400 inha-
bitants of the same town, and a petition from the same
place, in favour of the bill for the alteration of the
Court of Common Pleas of Lancaster.

Mr. C. O'D YE R said that the signatures to the
petitions presented by Lord Dalmeny, appeared to have
been written by the same hand. There were several

erasures.

The SPEAKER said that there was nothing irre-
gular in such a proceeding ; it might lessen the confi-
dence of the house in the petition, but it was no reason
why it should not be laid on the table.
The petitions were laid on the table.

Sir W. MOLE SWORT H presented a petition
from the borough of Launceston, complaining that the
Reform Bill had not afforded them the same relief
that was given to other boroughs.
Sir II HARDINGE denied that he owed his ma-
jority at the last election for Launceston to the sup-
port of the Duke of Northumberland or any other
person ; it was owing to the conscientious support of
the electors themselves. He denied that there was
any truth in the statement of the petition.
After a few words from Mr. C. BULLER and Mr.
FINN, the petition was ordered to lie on the table.
Sir H. HARDINGE then presented a petition
from St. Clear, in Cornwall, against tithes.
Colonel BAIL L IE presented a petition from the
freemen of the county of Kilkenny, and a petition from
the grand jury of the same county, complaining of the
exaction of fees by the Usher of the Court of Chancery
in Ireland (Colonel Fitzgibbon), upon the revenues
of the county, the office being a sinecure, and the
officer himself having for many years been an absentee.
Mr. FINN supported the prayer of the petition.
Mr. SHE IL also supported the prayer of the peti-
tion, and said that there was no blame attached to
the present Usher of the Court of Chancery.
He was appointed to that office when only
eighteen years of age, by his father, the
Chancellor of Ireland, and as the emoluments were
large, and the duties less than nothing, he could
hardly be blamed for retaining the office. Some re-
gard should, however, be had for the public, and he
thought this was a case where the interference of the
Legislature was imperatively called for.
The petition was ordered to lie on the table.
Mr. W. Fr E LDEN presented a petition from the
attorneys of Blackburn, in favour of the Abolition of
Imprisonment for Debt Bill.

Mr. WIGNEY presented a petition from Brighton
against church rates.

—Mr. S. APKENZIE presented a petition from the
presbytery of Dingwall, against the present system of
church patronage in Scotland. The hon. member
said that he did not agree in the prayer of the petition.
Colonel WILLIAMS presented a petition from
several attorneys of Ashton-under-Line, in favour of
the Court of Common Pleas of Lancaster.

Petitions were also presented 137M1: FERGUS
O'CONNER, from certain individuals at a public
meeting, relative to the government prosecution of
the True Sun ; two others from individuals in the
borough of Mallow, complaining of being impro-
perly interfered with by their landlord (the present
member) during the last election ; and one from an
individual in Cork.

After the presentation of several other petitions, the
SPEAKER left the chair.

THE FUNDS.-(THIS DAY.)

CITY, TWELVE O'CLOCK.
An important article in the Morning Eerald of this
morning, has made some stir in the City, and more
particularly amongst the speculators in Spanish Stock.
We select the following two articles from the private cor-
respondence of the Herald, dated Madrid, June 4, re-
lating to a draft of measure for the liquidation of the
debt of Spain, and which is under the deliberation of
the Counsel of the Regency :
DECREE 111.
Art. 1. The whole of the debt contracted by " Con-
stitutional Spain" to be again inscribed on the great
book of the Spanish debt, and to bear the same in-
terest as was promised at the time of making these
1 oans.

Art. '2. The interest in arrear upon this debt, since
1803, to be " capitalised," and converted into new
bonds, bearing three per cent.
Art. 3. The interest in arrear upon bonds con-
verted under the decree of 1831, to be equally con-
verted into bonds bearing three per cent.
DECREE
Art. I. The whole of the Spanish debt, of which
mention is made in the preceding decrees, shall be re-
duced proportionally, and according to its assigned
price one-third—those debts which are provided for
by diplomatic treaties always excepted.
Art. 2. The other two-thirds of the debts to be
converted into a deferred stock of 100 parts, of which
one part shall be drawn yearly for a hundred consecu-
tive years, and the winner to receive 3 per cent. upon
his claim !!
Art. 3. The whole of the Spanish debt shall be
called, without exception, the national debt, and shall
be entitled to receive a uniform interest of 3 per cent.,
to be paid fractionally every four months.
Art. 4. There shall be created a sinking fund of 1
per cent. upon the whole.
Art. 5. This decree to repeal all former ones upon
this subject.
By the above we perceive that it is the intention of
the Spanish government to compound with her
creditors, and give them a deferred stock, pay-
able in one hundred years, at 3 per cent. How
this will meet the eye of the Cortes Bond-
holders will be seen when the Cortes meet. In
part it is a Dutch plan of finance by drawing a
lottery. But before we make any further observa-
tions on this new system of paying old debts, we must
wait to see if it is an official document, or only a sup-
position from Madrid. We are, however, influenced
to believe that the chief part of it will prove correct.
It has had the effect of lowering the Spanish Stock
this morning, which left off yesterday at 511, opened
at 51, and are at present 504 Portuguese, 78a a.
Consols, which left off yesterday, 92i buyers for
the Account, opened at the same price, with little
doing ; the chief speculations being in Spanish and
Portuguese Stocks.

HALF-PAST ONE.
The effect of the new Spanish system of finance
(as stated in the Herald of this morning) begins to
be severely felt in the foreign market. Spanish Bonds
which were yesterday 52k, have receded in the course
of this morning to 49, a fall of about 3 per cent.
They are at present 49. It is calculated that if the
supposed decrees be confirmed, Spanish will not be
worth more than 35. These proposals of the Spanish
government must have been known yesterday, as im-
mense sales were effected ; in fact, the market is
looking very heavy, and not supported by the capital-
ists at present. Portuguese Stock has also fallen
from 7821 a 4, to 78 to ,f.
Consols which were 921, are at present 921 for
the Account.

HALF-PAST TO.
Within a short period a reaction has taken place in
the Spanish Bonds, which have improved to 49i.50.
It is now stated that the Spanish decrees, as given
in the Herald, are not true.

THREE O'CLOCK
Consols for the Account 9211.

Mr. Ward, Collector of Customs, died on
Sunday evening in a fit of apoplexy. Numbers are
already on the move to obtain the appointment.
- -

- •
M. Thiers has promised the electors of Paris
that if the
will choose him, he will clean their drains
not, the offensive stenches are to continue. "He
will owe his fortune," said one of his friends, " not to
the common suffrages, but to the common sewers."
—French Paper.

All the scientific journals of Warsaw and
Cracow have lately been suppressed.—Gaignani.