The Sun.
London, England, 1856-11-13 00:00:00

" Buenos Ayres, Oct. 1, 1856.

"Department of Finance.

" To Messrs. Baring Brothers and Co.

" The undersigned Minister of Finance, in pursuance
of what he announced to you, gentlemen, in his commu-
nication dated 29th Aug. last (as per copy enclosed), has
now the honour to transmit a memorandum of the bases
which nis Governmeht now proposes for the final settle-
ment of the debt of the London loan, and which it hopes
you will be g,,od nough to submit in its name to the
consideration of the Committee of Bondholders.

" You, Gentlemen, will be, doubtless, satisfied that
the financial circumstances of the country being attended
to, my Government, in making the proposals referred
to, affords to its London creditors the most unequivocal
proof of its equity and of the efforts it is making to fulfil
completely its obligations and maintain its foreign credit,
and it flatters itself with the belief that the bondholders
will he of the same opinion.
"The undersigned avails himself of the opportunity
to renew the assurances of his perfect consideration.
" NORBERTO DE LA RIESTRA."

" Memorandum of bases proposed by the Government
of. the state of Buenos Ayres for the settlement of its
London debt :
" The payment of interest and sinking fund according
to the terms established in the original contract upon
the capital of the loan will be made again effective in
the following form : viz.—
In 1857 will be paid £36,000 on account of interest.
In 1858 ff 48,000
JP
In 1859 PP 60,000
PP
In 1860 and thenceforward 65,0001. per annum for
payment of interest and sinking fund.
" 'ln payment of the interest in arrear to the date
when the final settlement takes place, and for its entire
amount, new bonds will be issued of 201. and 501. each,
or of larger amounts, as may be convenient to the bond•
holders, such bonds being entitled to interest from and
after the year 1861 as follows :
From 1861 to 1865 inclusive, 1 per cent. per annum.
From 1866 to 1870 ~ 12 Yt
From 1871 and after „ 2 ff
" A sinking fund being set apart from 18C1 for the
new bonds until their entire redemption of per cent.
per annum (one-halt), or say the 200th part of the whole
amount, or, if more agreeable to the creditors, the Go-
vernment propose that the 3-4ths of the whole amount of
the arrears of interest (or 75 per cent.) only be recognised
issuing in payment of this sum bonds to bear interest as
follows :

From 1861 to 1365 inclusive, 1 per cent. per annum
Fr,,m 1866 to 1870 ,► 2 ~

From 1871 and after „ 3
There still being set aside from 1861, as a sinking fund
for such new bonds, until their entire redemption, per
cent. per annum (one-halt), or say the 200th part of the
whole amount.

" 'ln any event the Government of Buenos Ayres
will remain at liberty to apply to the redemption of the
new bonds, by means of public or private purchase, any
sums which it may find convenient, at any period after
their issue, and even before said bonds commence gain-
ing any interest whatever.
" In payment of the deficiency arising (36,0001.),
between the sum assigned for the payment of interest on
the original debt in 1857 and 1858 and what is estab-
lished in the contract, there will also be issued, at a fit-
ting opportunity, new bonds under the same conditions
proposed for the payment of the interest due to date.
" Any arrangement which may be settled upon the
preceding bases will not take effect until after having
been approved by the Legislative Chambers, towards
which end the Government of Buenos Ayres will cause it
to be presented to them as soon as concluded.
"'Buenos Ayres, Oct. 1. " RIESTRA:

The annexed in relation to the debt of Vene-
zuela is from the Committee of Spanish American
Bondholders :

"Committee of Spanish-American Bondholders,
11, Austinfriare, Nov. 12.
"Venezuelan Foreign Debt.
"The following correspondence has taken place be-
tween the committee and the new Commissioners of the
Venezuelan Government, viz. :

" 'll, Austinfriars, Nov. S.
" Gentlemen,—l have reported to the Committee of
Spanish American Bondholders that I have had the
honour of receiving your visit on Tuesday last, announc•
ing your arrival in London for the purpose indicated in
the communication recently received by this committee
from Messrs. Frederick Huth and Co.
"'The committee consider it expedient to state to you
that, as the negotiation for the liquidation of the arrears
of the debt of Venezuela has now been protracted to an
unusual length, they trust that it will be convenient to
you to make known to them, with the least practicable
delay, the propositions which you are anthorised to
make on behalf of the Government of Venezuela.

" 'Considerable impatience exists among the bond-
holders on this subject, which the committee are anxi-
ous, as early as possible, to relieve.
" I have the honour to be, &c.,
" 'J. D. POWLES,
" Chairman of the Committee of Spanish-American
" 'Bondholders.

" Senors J. Giuseppe and Modesto Urbaneja."
"Translation of answer to the foregoing :
" London, Nov. 10.
" Sir,—We have the honour of receiving your letter
of the Bth inst., stating that it would be desirable speedily
to communicate the propositions which we ere authorised
to make for the arrangement of the Venezuelan Foreign
Debt.
" Such was our attention on arriving in this capital,
but on coming here we learn from the Venezuelan con-
sul and the fiscal agents of the Republic that the archives
of the former Legation in Great Britain—in which there
are all the documents relatirg to the debt—are in Paris,
in the possession of Senor F. Corvaia, and we have the
express order of the Venezuelan Government, first of all,
to be in possession of the said archives. We must, there.
fore, go to Paris to receive the same, which we shall do
in the shortest time possible, and return to this capital
to make out propositions, since the Venezuelan Govern-
ment is most anxious for the new arrangement, that
will be as expedient for the Republic as 13r the bond.
holders.

"' We are, Sir, your obedient servants,
"'JOHN GIUSEPPE,
MODESTO URBANEJA.
" J. D. Powles, Esq., Chairman of the Com-
mittee of Spanish-American Bondholders.' "

ALARMING ACCIDENT ON THE EASTERN
COUNTIES RAILWAY.

THETFORD, Nov. 12.

coroner
u the
-road station, o held an inquest at the Harting
body of Wm. Sibley,
Eastern Counties Railway, an the
Yesterday afternoon Mr. Press,
The deceased
under very extraordinary circumstances,
ur ose of
an engine-driver, who met his death on Sunfd.oaryNeovrefnoilnkg,
The
working the up Parliamentary train to Cambridge.and
in
the
wwaitshdhriisvefirreomf Nano.on92SPuansdsaeyr
journey was accomplished in perfect safety?tha d
the same
evening the deceased left Cambridge again wl
ge r•
morningen gi n e
f,
oarn
the
lefte
i Norwich
r w i c h
ede well
tau train to Norwich. Everything proceeded engine, for the purpose of working the down
at the
far as Thetford, and the train left that station
Bridgharn cutting, about four miles from Thetford,
time stated on the time-tables-6 46 p.m.
reached, an unusual knocking noise was heard, and thee._
deceased shut off the steam, applied the break, anddtt_lde
Pdarliameans-
his " mate,"
engine, and see what was the matter. Cullington obeyedhe
whose name is Cullington,
the order, but was almost immediately thrown off to t
fground e
w withm ishuucthe
v.
theh
tire of the left leading wheel of the engine had been
renderedfollowed.
The
terrible b e
scene was
broken, and the immense machine, which was being
propelled at the rate of 25 or 30 miles an hour, left the
rails, and ran along the bank of the cutting for some
yards, when it fell over, carrying the tender with it, and
throwing it partly across the up line. The carriages
attached in the meantime continued their course, and,
the engine being suddenly brought to a standstill, a
frightful crash took place, two of four horseboxes, which
were providentially placed next the tender, being smashed
to atoms. The shock being thus happily broken, the
passengers escaped without injury.
The disaster, however, did not end here. Agoods train
which was proceeding on the up line came up almost
immediately afterwards
fallen engine, which was lying,
d struck the tender of the an
partly across the rails. The engine of therea goodsstated train
been aldy ,
,ptrhoebatbhliyrdtatkrueetikpnleaacrelyincethpesizpeod-
and the first two trucks passed the tender safely, but a
e i t islighton of alterationtii e
o he havingtr u
e t
io‘n
and became separated from those which had preceded it.
Another of the trucks was also thrown -off the rails, And
both lines became completely blocked.
The first act of the fireman Cullington, on regaining
consciousness, was to see after his unfortunate "mate ;''
and after some little time he found him jammed in the
debris between the fallen engine and tender and quite
dead. So inextricable was the confusion that it was im-
possible to get the corpse out, and, notwithstanding the
most strenuous exertions, it was not recovered for seve-
ral hours. Medical assistance was procured as soon as
possible from Thetford, but it would have been quite
useless from the first, as the death of the victim of the
catastrophe must have been almost instantaneous. As
was to be expected, the corpse, when recovered, was
in a horribly mutilated condition.
The passengers in the Parliamentary train were con-
veyed back to Thetford as soon as possible, and were
there accommodated for the night. Mr. Stevenson,
superinteudent at Norwich, and Mr. Naylor, district
locomotive superintendent between Norwich and Cam.