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

SPANLSII 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 Spanisu,
Minister at this Court, I beg to hand you enclosed
a translation of an official telegram which 10
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, 1867.
" The Spanish Government has this day pre-
sented to the Cortes a bill for the conversion into a
consolidated fund of the passive debts, also of:, tla
deferred of 1831. In the preamble to the bill, the
Government sets forth that the law of 30th J-11118
last recognises in fact the claims arising from t,,,
third clause of Art. 2 of the law of August 10thl
1851, acknowledging at the same time that it is
pedient and indispensable to settle those claims, t(,),
which effect the Government declare that they
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 t°
his Excellency the Minister of Finance of Spain
Committee of Spanish Certificate-holders,
11, Austinfriars, London, June 12, 1861.
" Excellent Sir,—The Committee of Spaniel./
Certificate-holders have had the honour to receive
from his Excellency the Spanish Ambassador at this
Court the copy of telegram, dated Madrid, the
11 t h inst.
" The committee request permission to state t°
your Excellency that this communication has been
received in the City with profound disappointuleu
by the parties interested therein. All official pr°-
ceedings connected with the affairs of finance whicl
have recently taken place iu the Spanish Cortes had
led to the conclusion that measures were luulledi-
ately about to be taken to liquidate the debt therein
referred to. A further delay of several mouths
they were wholly unprepared to expect. 11
t‘ The committee take leave respectfully to roc
to your Excellency's attention the fact that on
the 30th June last year a law was passed in
the Cortes authorising the settlement of this
debt. This law is in abeyance, because it was,
i
not acted upon previous to the present session 01
the Cortes. The committee submit that all that s
necessary at the present time is that the Spanish
Government zhould 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, 11
" J. D. POWLES, Deputy-Chairman.