The Sun.
London, England, 1856-07-25 00:00:00

SPANISH AMERICAN BONDLEOLDKRS.

The Committee of Spanish American Bondholders
have issued a report preparatory to the meeting of Vene.
zuelan creditors to-morrow. It describes the eff. its
made by their agent, Senor Camacho, during the past
year, and his arbitrary expulsion from the republic ;
and shows that, up to the present moment, the Govern•
mint of Venezuela have given no signs of any intention
of pursuing an honest course. A postscript to the re'
port contains the following statement of the terms the'
committee would be disposed to recommend to the bond-
holders, and of an offer from the Commissioners of 'Vene-
zuela, which being made subject to the approval'of their
Government ought probably to be regarded as little else
than another pretext for delay :
" At a conference which has taken place between Messrs.
F. Corviia and M. Pardo, jun., and the committee, on the
subject of their proposition of the 27th of June, the com-
mittee stated to those gentlemen that their proposition was
not such as the committee could feel justified in recom-
mending to the acceptance of the bondholders ; but that
the committee, feeling very desirous to meet "the conveni-
ence of the Venezuelan Government as far as could pos-
sibly be done consistently with justice to the bondholders.
would recommend to the bondholders the acceptance of
the following arrangement, if it should be proposed by
Messrs. Corvaa and Pardo :
" 1. Bonds to be given for the arrears on the active
and deferred debt at par, to bear interest at 4 per cent. per
annum.

" ' 2. The interest on the active stock to be reduced to
3 per cent. per annum for five years.
" 3. The interest on the deferred debt to be reduced to
per cent. per annum for five years.
" '4. At the end of the aforesaid term of fivo years this
arrangement to be considered as far as regards Articles 2
and 3.'

" The committee have since received the following
❑otice :

" ' To the Committee of Spanish American Bondholders+.
" London, July 24, 1856.
" Gentlemen,—Besides the proposal made to the com-
mittee, we offer this other, subject to the approval of our
Government.

_
" ' 20 per cent. of the ordinary Customs' duties, which
shall ❑ever bo less than $400,000, equal to. 2 per cent. on
active and arrears, and 1 per cent. on deferred ; interest
on the active and all arrears tp be always double that of the
deferred, and never to exceed 4 per cent on the one, and 2
per cent. on the other (the said rates being the maximum
amount of interest). If the 20 per cent. should yield mord,
than requisite to pay these rates, any surplus arising from
it to be applied as en accumulative sinking fund, in the
proportion of two-thirds for the active and one-third for
the deferred.
" PARDO, Jun., for himself, and on behalf of
Mr. F. Corvala, Special Commisfiloners from
Venezuela.' "

PORTRAIT OF THE LORD MAYOR IN

GUILDHALL.

Yesterday,.at a Court of Common Council, Mr. T. '-
Parker presented to the Lord Mayor a requisition nu•
merously signed by aldermen and other members of the
court, in which, after paying a tribute to the able, dig-
nified, and courteous manner in which his lordship had
discharged the important duties of his office, the requi- .
sitionists expressed their desire that the portrait of his
lordship, by Hart, now in the Exhibition of the Royal -
Academy, might be presented to the corporation, in
order to its being permanently placed in the Guildhall,
not only to commemorate and exemplify the freedom
and equality of the laws, but as a lasting memorial of the
affection and esteem in which his lordship was held by
his fellow. citizens.

The LORD MAYOR, who was much affected by the oor-
dial and complimentary terms of the requisition, in ex-
pressing his acknowledgments, remarked that the only
claims he could possibly have to such a distinguished •
honour were the new and very peculiar circumstances
that attached to him. No doubt there were circum-
stances applying to him which ha I not applied to any
of his predecessors. If they were honourable to him
they were no leas favourable to that enlightened feeling •
which had so long been prominent in that great city,
namely, the desire that, as far as his fellow•sitizeno were
concerned, there should ha no restriction upon any mail
to prevent his being elected to any public office which it
was in their power to award. (Hear, hear.) If being
,0 elected by them he had had the merit of being consi-
dered equal to any of his predecessors, or in any way ,
had given them sate: faction, he felt that not only had
the choice of his fellow•citizens to the honourable office
he then held been amply justified, but it was most satis-
factory to him to know that he enjoyed the great honour
and distinction of their approval of his exertions. If
they desired so to mark that year to him by any further
honours, of course it was still more gratifying as con-
veying, not only to posterity the individual whom they
eo honoured, but the cause they had thought fit them• -
selves to promote, as being founded in justice and as
being a lasting testimony of the liberal feelings of the •
citizens of London. He need not say how gratified he
was in complying with the request made to him. (Cheers.

On the 19th a Russian vessel, the Temio, arrived at
Marseilles with a cargo of wheat. This is the firEt ship
that has been freighted at Odom for Manilla pinto OA
conclusion of peace.