The Sun.
London, England, 1850-12-21 00:00:00

Anglo-Mexlcan(is. 5/. p.)'
Asturian

Australian ......
Barossa Range .......
Blaenarvon Iron and Coal
Bolanos Scrip ..........
I Sri tish 1r0n.........,

3 -
3}4 3NI

Brazilian Imp. (15,51:

Do. Cooaes and Culzibi-xl

De. St. John del Rey..
Cobre Copper -•
Coplapo • • .... • ..
Genera 1................
Real Del Monte, Unreg.
Do. Black Debentures.
Do. Red Debentures ..
Santiago de Cuba ......
Tin Croft .. • • • • •• • .
United Mexican -•• •

3% - 3
14% - 14%
32% - 33%
5% - 5
13% - 13%
'A -LA 3

9 —7%
10% 11
614 —5%
.ANEOUS.
42% 44
26% 27
89% 90 88
74 —73 74
Le errors of the Official Lists, an
d correspondents.]

'2B 2 ”d
[ISCELL.

Canada • • • • • • •• •—•
Gen. Steam Navigation .1
Penin. & Oriental Steam.)
Royal Mail Steam .. •• ..
[We cannot be answer

tblo for tl;

will not be influenced by

hatereste,

HONEY and COMMERCIAL NEWS
CITY, TWO O'CLOCK.
liThe sales of Cotton at Liverpool yesterday were esti-
mated at from 5,000 to 7,000 bales, of which 1,000 were
taken on speculation. The market closed ye 7 firm.—ln
Railway Shares only a limited business was done, at
lower prices.

The accounts of the Bank of England for the
week to the 14th instant are distinguised by va-
rious changes incidental to this period of the year. The
public deposit account was rising, and the amount to
the credit of the Chancellor of the Exchequer looks
well for the quarter's revenue. The advances upon other
securities had diminished slightly, and apparently be-
cause parties drew upon their own resources and dimi-
nished their deposits. The bullion was further reduced
in amount, and there was a falling off in the circulation
Compared with the previous week, the results are as
follows:
Notes Issued
Decrease
Rest

... 29,182,490
... 166,425
___ ... 3,096,357
Increase ... ... ... 3,433
Public Deposits ... ... ... 10,274,389
Increase ... ... ... 498,990
Other Deposits ~. ... ... 9,275,629
Decrease ... . ... 499,770
Seven Day and other Bills ... 1,248 313
Decrease ... ... ... 5,675
Government Securities ... No alteration
Other Securities ... ... ... 12,678,322
Decrease ... ... ... 44,166
Notes ... ... ... ... 10,902,825
Increase ... ... ... 260,620
Bullion ... ... ... ... 15,820,130
Decrease . . ... ... 122,068
Active Circulation ... ... 18,279,665
Decrease ... ... ... 427,045
The banks of the United Kingdom had, during the
four weeks to the 30th ultimo, the following amount of
notes in circution :

Bank of England ... £lB 893,829
Private Banks ... 3,611,129
Joint Stock ... 2,789,085
Scotch ... 3,594,247
Irish ... ... 4,943,610
Compared with the previous month, these sums show
a rdecreaao of 893,327/. for the Bank of England,
173,132/. for the private banks, and 105,138/. for the
joint stock, and of 50,696/. f r the Irish. The Scotch
banks increased 275,629/. The total circulation on the
30th ult. mai 33,831,900 L, being more by 1,094,5854
than at the corresponding date of last year.
The rates at which bills of exchange were negotiated
yesterday afternoon were again rather against parties here
having to remit. Ninety days' paper was taken at 25.15
on Paris, 25.10 to 15 on Antwerp, 11.152 to 16/ on Am-
sterdam, 13.4 f to on Hamburgh, 1172 to 118 on
Frankfort, and 12.30 to 40 on Vienna. Paris, short, was
24.90.

On Monday will be held the important meeting which
is to decide the acceptance or rejection of the proposals
of the Mexican Government for a settlement of its fo-
reign debt, and the committee have very judiciously, as
upon former occasions, put forth a statement of their
proceedings since the previous meeting. The bond-
holders, in order to go fully prepared to the meeting,
should well study the dccumetat we now advert
to, and we give some of the more interesting parti-
culars:—

" The arrears of interest, at the rate of five per cent.
per annum, will, on the first of January next, amount to
2,048,3304, or 10,241,650 dollars, being twenty per cent.
on the converted debt of 10,241,6501.
" The value* to the bondholders, of the items offered
in the above two articles, in satisfaction of these arrears,
may be roughly estimated as follows :

Dolls. Cts.
American Indemnity money ... 2,500,000 0
Deposits in the Bank of England ... 1,040,879 39
Bill for 2,3691. 15s. 101 in the hands
of Colonel Feel°
Duty Bills in the hands of the Agents in
Tampico ••• ••• ••• •••
Held by Messrs. Barron, Forbes, and
Co., of Tepic, to be shipped by the
first British man-of-war calling at San
Blas
••• •••
Estimate of receipts in Vera Cruz and
Tampico, expected by next packet
Estimate of uncollected duty bills in
Tera Cruz and Tampico, at the ter-
mination of the present arrangements
Estimate of receipts from the tobacco

11,850 0

9,324 4

13,431 80

40,000

150,000

revenue, up to that time ...
Cotton licences (txclusive of 25,000 dol-
lars, to be accounted for by Mr. Ro-
bertson) •.• ... ...
Amount supposed to be in the hands of
Messrs. Manning and Mackintosh

50,000

275,000

250,000

Making together ... 4,340,555
"To accept this offer in satisfaction for all arrears,
will, therefore, inflict a loss of nearly 6,000,000 dolls. on
the bondholders, in addition to sacrifices amounting to
17,000,000 dolls., to which they have on former occasions
submitted. There is, however, unfortunately, good
ground for supposing that, in the present delapidated
state of the Mexican finances, this offer fairly repre-
sents the extent of the pecuniary means of the Republic
to satisfy the claims of her foreign creditors for arrears;
and as this is the real point for consideration, your com-
mittee are of opinion that it will be expedient to accept
that offer.
"In anticipation of this state of the case, as regards
the pecuniary resources of the Republic, your committee,
however, instructed M. Falconnet to endeavour to ob-
tain for the balance of the arrears, &c., some other as-
sets which might eventually be made available in liqui-
dation of such balances. M. Falconnet has, accordingly,
proposed to the Mexican Minister of Finance, a cession
to the bondholders of an adequate extent of unoccupied
lands for that purpose; and although the proposal has
met not only with the general objection, that it
will be difficult to persuade Congress to amend their act,
but also with this special difficulty, that a question is
pending as to whether the lands in question are vested
in the states severally, or in the Federal Government,
yet some prospect is held out that the justice of the case
may ultimately prevail over those difficulties. This
need not cause any delay in the acceptance of the other
terms offered, as a Convention with the Executive, to use
their best endeavours to pass a supplementary Act to the
effect here indicated through Congress, ought, wader the
circumstances, to be deemed sufficient, because the
sentiments of honour and probity inherent in the Mexi-
can nation, afford the best guarantee that the generous
proceedings of the bondholders will be met in a corre-
sponding spirit by her representatives.
"It is generally considered, that if any present ne-
cessity for so great a reduction in the interest as
from five to three per cet. per annum really exists,
very slight financial reforms, properly carried out,
would be sufficient at once to remove it, But,
however that may be, it is quite clear, that this or any
other reduction in perpetuity, is more than the occasion
requires, because no case of prospective inability has
been made out, but rather the reverse. Your committee
have felt persuaded that it would suffice to draw the at-
tention of the Mexican Government and Legislature, to
this view of the matter to obtain their assent to it, as it
would be insulting to the national honour and good faith,
to suppose any deliberate intention in them to exact
greater sacrifices from their suffering creditors, than sheer
necessity imperatively required. They therefore in-
atructedf M. Falconnet accordingly, and they are glad
now to be able to report thet the Minister of Finance
has rccogniz d the justice of the principle here involved,
and that he is disposed to recommend to Congress a cor-
responding modification in this article.
" Your committee regret that they are not in poaaes-
sion of sufficient data to calculate very closely the value of
the revenues here assigned for the payment of the future
annual interest of 307,200/, or 1,536,250 dollars, besides
15,000 dollars for the expenses of the Mexican agency.
They have received the new financial plan, submitted to
the Mexican Legislature this session, but it is wanting
in the details necessary to form the estimate hero in
question. It is probable, however, that these assign-
ments will yield less than those which the bondholders
at present enjoy.
" Now, considering that the principal inducement to
submit to the proposed great reductiqn in the rate of in-
terest would be a better provision for the future uunc-
tual payment of this reduced rate,— considering also,
that although the Act declares that the deficiei.cy in the
assignments shall be made up out of the general revenue,
yet that that recourse has not hitherto proved to be of
any practical value, the article here under consideration
is certainly unsatisfactory and requires amendment.
"As, however, there is great danger in any further delay,
29 regards the safety of the sum offered out of the Ame-
rican indemnity money, your committee propose to
instruct M. Falconnet to content himself with an en-
gagement from the Executive, to use their best endea-
vours to obtain a supplementary Act cf Congress, set-
ting apart further assignments of revenue for the due
payment of the dividends. Tho annual amount to he
paid, having once bon agreed upon, and it being the full
intention of the Legislature and Government of Mexico
that that amount should be regularly paid, they cannot
possibly feel any difficulty in setting aside ample re-
sources for that purpose, for the satisfaction of the bond-

ri •
C
oa..y

-
zuimnit to. r
" M. Falconnot was inslructed on this point also be'icit,
his departure, and it was suggested to him to stiln!of
for
the monthly payment of a fixed sum from Wu
the
the princip,ll customhouses, sufficient to make °Pc the
amount required for the dividends and expenses ° at
agency, as this would render the bondholders inrlepen`2o
of the fluctuations in the items of revenue assigned' s,'
at the same time obviate all unprofitable discussimis
to vt hat their effective value might or might not be. 0
, • Ili conclusion, your committee consider tht,,gl,
Hording
some general guarantee of the punctual ti
went of the new engagements entered into on the P"
Mexico, the decree ought to have contained a ot
Lion of alt the present rights of the creditors, Ca—
„
any default." -r, odOS
The shipments of the precious metals from sed
this week have amounted to 125,000 ounces of sale rt.
3,000
ounces of gold coin, with 40 ounces in gold "9 the
The i
oh e
osts Amsterdam
the Dutch T
Stock Market
wo.ao_a_H
wdas not so firm don
of per Cents.
19
were
being 561 to 13-16. Most Foreign Securitl..7.,,fer,
offered rather lower. Spanish Five per Cents., l'°"-
were in active rt quest.
The Funds have been ver u per iet. Consols for ecn ts.
'
964:3 to and the New Threye•q-and-s-Quarter 971
98,1 to 99.. The Beduc,d Three er Cents,. °eh, quer
bßankilFisoirieSsii:enc
hkseeehcoua
Securities
ise.
stoa6r
e7d
sfl. tapotrte2e7l3.! andex
Mexican,
al4n. x3:l "0.
Spanish Five per Cents., 18i ; Dutch Tftilotll3sl;
Half per Cents., 591 (AO'
t
instances,som e
high
cases, but .t—ind log
o
inwe ;our
_South-Western, Caledonian, Oxfordaeord
hampton, and the foreign lines.
QUARTER TO --

_._ ... 1 a A __,o
961 4 ,r,S P
On (IS.
oNE Flw" 4
PRICES OF BRITISHrutsiDs O'CLOCK. $
rang Stock ..
3 pc- Cent. Reduced A n as. ... 971 A% 98/i
1c eV7 3!.( per Cent. Arms_ ..... 99 ,sg saj
India Bonds, 1,0004.
Console for Account ............ ~...
Sxcholier Bills. 134d.14 S 4 61 p
P
1,0001. June
(19
5001. June -
ONE
a 00. 4
0
PRICES OF FOREIGN FUNDS. O'CLOCK. PIS
irazilian Bonds 871,E 61 jat
Chaim Bonds 6 per Cent .....• 104
Ditto,l3 per Cent....... 62
S'
M3xican. 5 per Cent.lB46, with Coupons...*
,_ 35,11
Ditto, Ex Jan. Coupons ........ 35% IL 4V 0/
Ditto, Account
98
Rassian Bonds ..... 18ADitto, 4% par Cent
40
S,anish 5 per Cont. 1840
Ditto. 3 per Cent
Dividends on the above payable in WO" '9'o
Dutch 21,4 per Cent., 12 Guild.
Ditto, 4 per Cent. Certificates 9O

Consols •••
Ditto Account

EXCHANGE.
"•• " 310
Leghorn•
Geaoa • • •• "" "
5:17 eel ipalßec ..▪ ..•••••'":. 1:1 ,"%
Palermo, peros • . ..... 104 s
Oipsobrotno Messina
31
• •
Rio Janeiro •• • • ••▪ "
Buenos Ayres • •
New York, 60 days'o4Bht.•••
a
Philadelphia . • •• .• OS et
moss or norAl!t 0 t
.11
Foreign Geld inhere. x•f" ,p 0
Portugal Gold Coin ro
Spanish DoubloosS .• ; 412
New Dollars .• •• ',
Silver ii bars .. ••