The Sun.
London, England, 1867-06-13 00:00:00

SPANISH CERTIFICATES.

The following is a copy of a communication
which the Committee of Spanish Certificate-holders
have this day received from the Spanish Ambas-
sador, by the hands of the Spanish Consul :
" David Robertson, Esq., M.P., Chairman of the

Committee of Spanish Certificate-holders.
" Sir,—By order of his Excellency the Sparash,
Minister at this Court, I beg to hand you enclose('
a translation of an official telegram which his
Excellency received last night from Madrid.

" I am, Sir, your obedient servant,
(Signed) " JUAN GAVARON,
" Her Christian Majesty's Consul-General.
" 5, Jeffery-square, June 12, 1867."
(Translation.)
" Madrid, June 11, 1861.
" The Spanish Government has this day Pre-
sented to the Cortes a bill for the conversion into
consolidated fund of the passive debts, also of:th
deferred of 1831.. In the preamble to the bill, the
Government sets forth that the law of 30th June
last recognises in fact the claims arising from th 6
third clause of Art. 2 of the law of August 1001
1851, acknowledging at the same time that it is ex-
pedient and indispensable to settle those claims, t°
which effect the Government declare that they Will
present a bill at the opening of the next session.

" A true translation.
(Signed.) " JUAN GAVARON,
" Her Christian Majesty's Consul-General."
The following letter was this day addressed to
his Excellency the Minister of Finance of Spain
" Committee of Spanish Certificate-holders,
11, Austinfriars, London, June 12, 1861.
" Excellent Sir,—The Committee of Spanish
Certificate-holders have had the honour to receiv ig
e
from his Excellency the Spanish Ambassador at th
Court the copy of telegram, dated Madrid, the
11th inst.
" The committee request permission to state to u
your Excellency that this communication has been,.
received in the City with profound disappointnlen
by the parties interested therein. All official Pro-
ceedings connected with the affairs of finance which
1
have recently taken place in the Spanish Cortes had
led to the conclusion that measures were immedi-
ately about to be taken to liquidate the debt therein
referred to. A further delay of several months

they were wholly unprepared to expect.
cal
4‘ The committee take leave respectfully to re
to your Excellency's attention the fact that 0.0
the 30th June last year a law was passed 1.11
the Cortes authorising the settlement of this
debt. This law is in abeyance, because it vies,
not acted upon previous to the present session 0.1
the Cortes. The committee submit that all that
is
necessary at the present time is that the Spanish
Government should obtain from the Cortes during
it present session an authorisation to act upon the
aforesaid law of June 30th, containing, as it does,
the elements out of which a settlement may be
effected without the proposed further delay, which,
while it operates so injuriously on the interests of
the parties concerned, produces no advantage to
Spain. On the contrary, the committee cannot but
express their belief that the financial interests of
Spain would be largely benefited by the effects that
would follow from this settlement. English capital
is quite ready to occupy itself with Spanish enter
prise as soon as the circulation of Spanish securities
shall be restored.—l have the honour to be, excel"
lent sir, your obedient servant,
" J. D. POWLES, Deputy-Chairman. •