The Sun.
London, England, 1844-07-19 00:00:00

SOUTH AMERICAN DEBTS.

A correspondent at Cleveland, in Yorkshire, begs
the insertion of his letter, which we readily accord,
merely premising that as yet nothing satisfactory has
transpired in connection with the Mexican or Co-
lumbian debts, but that we trust the spirit of inquiry
and indignation evinced by numerous other parties
besides our correspondent will not be without a sa-
lutary effect. We shall revert to this subject again,
and in the meantime subjoin the communication :
" I have been an old subscriber to your very ta-
lented and influential journal. I will thank you to
inform me and others, through the medium of your
widely-extended circulation, if there be any appear.
ance of the Mexican agents paying the half-years'
dividend, due the Ist of April last, as I saw in your
journal ten days or a fortnight ago that above
160,000 dollars had arrived for that purpose, and with
the previous arrivals in hand, it was judged sufficient
to pay the April dividend. And, likewise, can you
enlighten me and numberless others of the unfortu-
nate Columbian bondholders when the New Grenada
Government intend to commence the payment of the
interest on their portion of the Columbian debt, which
was agreed upon to be 50 per cent.; the only payment
that has hitherto been paid by that Government was
the paltry sum of ss. 6d. per 1001. bond. Sometime
last year, I am told, and I believe it is correct, that
M. Maquirree, the Minister for New Granada, in this
country has funds in his hands to the amount of
60,0001. or 70,0001., and hitherto he cannot be pre-
vailed upon to pay this money to the legitimate
owners of it, viz., the unfortunate bondholders. It is
really " too bad" that this individual should hold this
money in his hands so long—he cannot look very
comfortable at the levee days amongst the other dip-
lomatists I should suppose. Please give insertion to
this letter with your energetic comments upon it,
and upon the conduct of these non-paying States,
and it may tend to elicit information from other
correspondents.—l remain, Sir, your very obedient
servant,

"AN UNFORTUNATE HOLDER OF
MEXICAN AND COLOMBIAN BONDS."

ALFRED LIFE ASSURANCE.

On Wednesday, the General Meeting was held at
their offices, No. 7, Lothbury. The chair was taken
by Sir David Scott, Bart. From the report it ap-
peared that the Company had been established five
years, and over and above the paid-up capital, had
accumulated the sum of 48,5371. 14s. ld. Since the
formation of the Association, 513 policies had been
issued, assuring the sum of 442,4281. The number
of claims from death had been six, upon which 3,7501.
had been paid. The profit realised from lapsed poli-
cies amounted to 3,595/. 18s. 104., consequently the
difference between these two sums, viz. 1541. Is. 24.,
was the only charge upon the assurance fund for de-
cease of lives assured. Such a result was very re-
markable, as upon the most moderate calculation, six
teen or eighteen should have occurred, upon which
from 14,0001. to 16,000/. should have been paid. It
appeared that the annuity branch of the Company's
business had been equally satisfactory ; 31,8271.55. 4d.
having been sunk with them for the purchase of
annuities. Of the annuitants five had died, relieving
the office of annuities amounting to 5441. 6s. 3d.
The report was considered highly satisfactory, and
unanimously adopted ; and thanks having been voted
to the Chairman and Directors, the meeting separated.