The Sun.
London, England, 1856-06-03 00:00:00

BUENOS AYBEAN BONDHOLDERS.

A rneating of Buenos Ayrean brlndhol lers was held'
yestmlay at the London Tavern ; J. D. Powles, Esq.,

in the chair.
11.1 e chairman -RAW *Atticii.eo coir2mitt,?e, sa calling the
bo.:(lholderq together, were happy to state that titere
was now a batter proApact than had ever presented it•
self of bringing these negotiations to a satisfactory coo.
elusion. He proceeded to read a letter which had been
re(e'ved from the representative of the bondholders in

Buenos Ayres, da,ed the 31 of April, 1856, referring to
correipondence ho had had with the Minister of Fi-
lial-Ale, dce., on the subject of this debt ; this had led to
the basis of an arrangement propoied by the Govern
nit nt of Buenos Ayres for the settlement of the debt due
for tne L melon loan, which was to the following effect
—Ths Buenos Ayres Government to provide for the fuli
pay vent of the interest and sinking fund of the origins;
(104 in the manner following. In 1857, by the payment
of 36,0001. ; in 1838, 48.000/. ; in 1359, 60,000/. ; iu
1860 and thereafter, 72,0001. annually, payment of in-
terest and sinking fund. For the payment of interest
over due at th.e pre4Pot date, to issue and deliver to the
bondholder new bonds of Vie value of 201. or 501. each,
f.,r the total amount thereof ; these new bonds not to
bear interest, but the payment to be made thus. There
will be assigned to their payment the full product of
the canon enfitcntico at present over due (save add
except a sum which will not exceed 15,000/., to pay qff
the classified debt still existing in circulation), as also
of the full canon enfitentico which becomes due and is
hereafttr collect yl; it being understood that this sum,
assigned from and after the year 1861, shall not
fall below 60,0001. annually ; and in case of deficit,

it is to be made Vup out of the other revenues of the
43te. Provision will, moreover, be made for the extinc-
tion of the debt due for arrears of interest, by the Go-
verntr ent becoming obliged to receive the bonds issued
for it in payment of all public lands sold in the country
at their written value (par), at the current exchange of
the day, of which payment five hard dollars to be com-
puted for the pound sterling. For interest accruing be-
tween 1857 and 1860 bonds will be issued in like man-

ner, and under the same conditions of payment as those
proposed to be issued for the arrears of interest due at
the present time.
The correspondence appended, and read, included a
letter from Dr. Alsina to C msul Parish, dated 12th
March, 1856 • a letter from Mr. Giro to the Minister of
Finance, dated 28th March, negativing that part of the
proposition as to the non payment of interest on the
second portion of the debt ; the reply of the Minister of
Finance to Mr. Giro, dated Ist April ; and tho letter of
Mr. Giro, of 3d April, 1856, addressed to the committee
of bondholders.
The speech of the Chairman went to various details,
and conveyed his approval, with that of the other mem-
ber.; of the committee, of the course pursued by Mr.
Giro. He strongly urged the bondholders to support
the opinions entertained by the committee, and: ex-
pressed a confident hope that this long-pending question
might be ultimately arranged through the instrumentality
of Mr. Giro, supported as he was by the justness of the
claims which he so ably represented.
After some discucision five resolutions were put seri-
atim, which were carried unanimously. We give the
genrral purport of these resolutions :
FirA resolution,—" That this meeting having taken
into consideration the propositions made by the Govern-
ment of Buenos Ayres for the adjustment of its foreign
debt, contained in the letter of his Excellency the Mi-
nister of Finance to Mr. Giro, dated the Bth March, and
the reply given thereto 28th March by Mr. Giro, de-
sires to express its entire concurrence with that reply."
The second resolution was to the effect that the proposal
to liquidate the arrears of the said debt by the issue of
bonds to bear no interest, being not only inconsistent
with the obligations of justice, but a mode of settlement
which has not been adopted, or even proposed, in any ad-
justment with any of the other late Spanish American
tShteatbeso,ncdahnonldoetrus.nthr any circumstances be agreed to by
The third resolution, in calling on the committee of
Spanish American bondholders to continue its exertions
to bring this long-pending negotiation to a close, ex-
pressed the satisfaction of the bondholders at a prospect
of a speedy and satisfactory termination thereof.
ethpeayrmemenntnoefre.etxipouensoefs,t,thec. parties who
to be issued for the arrears of interest of 5
er fourth
the
deß,
ut eh nr resolutionoosug
Aht hyt ehr
ee ma
mediume
at i nogve
raonuf
mtt hhe one rti sefrdo
agentsma
tinh deductionßeLYbo ou thenddo sn tof buf
per cent. on the amount of such bonds, to be placed
at the disposal of the committee of Spanish American
desireab ou
ot f
tuheeh
ma
edejt
tui g-
no
nt a
dl e ic nl a bringingre d
n
the
hambgaoeTvanniedhut bondholders,
toaefiol
endfurdLeheri
fesnoro,
serrtfsdrotohurl
mut
s sense of the valuable support given totei
the representative of the committee in Buenos Ayres by
the Right Hon. the Earl of Clarendon, her Majesty's
Principal Secretary of State for Foreign Affairs.
A vote of thanks to the chairman and committee was
carried with acclamation, and the meeting separated.

TEE MAIM—SOUTHAMPTON, MONDAY.—This day
_,he Royal Mail Company's stearn•ship Magdalena,
Captain Abbott, left with the usual West India mail,
72 passengers, specie to the amount of 6,0001., jewel-
lery, 7,0001., and a full cargo. The homeward West
India mail will be brought by the Solent, Captain
Jellicoe, which is expected every hour. The heavy
portion of the East India and China mail will arrive
in the Ava, Captain Field, and may be looked for
on the 6th. The next homeward Peninsular mail is
duo on the 4th, by the Madrid, Captain Bradshaw.
KILLARNEY JUNCTION RAILWAY.—The directors pro The homeward Brazil and River Plate mail will be
pose to pay a dividend at the rate of 4 per cent, per brought by the Tamar, Captain Bevis, and may be
annum. looked kr 011 the 7th.