The Sun.
London, England, 1850-01-23 00:00:00

2,./ffOitto

MEETING OF MEXICAN BOND-
HOLDERS.—(THIS DAY.)
A meeting of Mexican bondholders was held this
day at the London Tavern, for the purpose of appoint-
ing a committee for the protection of the interests of
the bondholders in future, and to adopt measures to
expedite the payment of the remanets of the dividend
due in January, 1847. Mr. W. P. Robertson was
callen upon to preside.
The CumumAN, in opening the business of the day,
intimated that he had not been instrumental
in convening the meeting, but as he per-
fectly approved of its object, namely, to
appoint a committee to watch over Mexican
interests, he had no hesitation in taking the
chair. He was oppcsed to everything in the shape of
quarrelling, because it could do no good ; and he,
therefore, regretted that the - General Spanish Atne-
ric:.n Committee of Bondholders had thrown out im-
putations impugning his conduct in dealing with the
Mexican holders. He could no longer protect Mexi-
can interests while he sat on the general committee,
and he need hardly tell the metting that he had, within
the List few days, separated himself from that body.
He -had now to tell them that within the last
few 'hours he had received -a letter from his
agent in Mexico, which confirmed him in the opinion
be had stated bef3re to-day, that the convention en-
tered into with the Mexican bondholders would ulti-
mately become the law of that republic. The resolutions
to be proposed to this meeting were as follows :
" Resolved, that the foreign debt of the Republic
of Mexico amounts to upwards of ten millions ster-
ling, and the interest -involved was one of sufficient
magnitude and importance to merit the undivided
attention of a committee nominated by the
bondholders without any connexion with the credi-
tors of any other foreign State. That a committee,
consisting of not less than five members, be now
elected by this meeting to act as the executive of the
Mexican bondholders in England, who shall conduct
all necessary correspondence, and receive the remit-
tances from Mt-xicO on account of the dividends in
conjunction with theegent appointed by the Mexican
Government,- and generally to take cognizance of all
matters and things considered to be conducive or pre-
judicill to the interests of the bondholders. That, in
order to ettab!e the said committee- to execute their
functions in a satisfactory manner, they shall be
hereby empowered to have an office in a convenient
situation in the city cf London, for the purpose of
conducting the business, and to -appoint a secretary
to act under -their direction. That books shall be
kept in which all correspondence shall be entered
with'he leaet:pessible delay after receipt or dispatch,
and the secretary shall be hound to attend in the
offi.:e a r?:.sonabte number of hours per day, for the
purpOse of answering inquiries and allowing tree access
to • ell hooks and documents. That to remove all
suspicion of an ene'.ue advantage to individuals by
beintg posstesed of early informaion immediately on
dispa'ches being opened, the secretary shall draw up
a short eeitome. of the contents, embracing the sub-
vane of sit EL atter3 bearing on the value of the
sto, k, which enitoma shall be forthwith transmitted
to the 'Stock Exchange, and pohliely posted there
and at the i.face. That a general meeting of the
hon.-lA-oh-It:7s shall be held erery six months, on days
to be naoned, in Joiluary and Jely respectively,
when the couimittee or any bondholder may submit
to their consilomtion aryl discussion all matters that
may • °con: in the interv,d affecting their inte-
re for the purpose of defraying the
necessary expenscs; a subscription be nee from the
annual dividend pro rata, not Qxcce:iing one penny
per hundred pounds of the capital. That the present
agents representing the boodl-olders in Mexico be
continued, aod the arrangements made with them by
Mr. Roberto on be confirmed. That mea tires nccese
sary for the imwcdi tte payment of the remanets be
forthwith token by the committee as they shall be
advised. That the actual expenses incurred by M.
Robertson in his mission to Mexico he defrayed by
contributions from each reinanet of the dividend due
January, 1847, after the examination and approval of
his accounts by the committee."
Some discus3ion arose upon these resolutions. Is
was objected that the capital did not amount to ten
millions, and e-dmitted by the Chairman that the
actual stock held in England amounted to only seven
millions. The remaining three millions mere in the
hands of this Mexican Government. Complaints
Were made of the conduct of, the- general committee,
who were accused of having withheld information
from tl-e bondholders till they had taken advantage
of it on the Stock Exchange thetreselvvs. One gentle-
man said he had lost nearly 0,000/. through this rills-
.cooduct, and altar the original resolutions had been
agreed to, it. was resolved, that this rneting agrees to
-the 4iissoluion of any existing committee represent-
ing at this time the interest of the Mexican bond-
-holder,.

••
_Lae committee was then appointel as follows :
B iron L. de Goiclimid (merchant), Francis Mills,
E q. (t)ank,tr), W.P. RobertsOr, -Esq. (merchant),
"HiLd Gqedal9, E q: (t:erchant), James Cipel, Esq.
(6tockbratr), Thuint:s Thornton, Esq. (merchant),
Cap ain Ross, 11. N., R. Owen Itownald, Esq (di-
rector of the Iri h National Bank), James Roade?,
(dirt ctor of the London and County B ink).
Th,thlis were then voted to the Cnairmau, and the
meeting terminated.
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