The Sun.
London, England, 1826-11-02 00:00:00

GREEK LOANS.

TO THE EDITOR.
tire_ Ihave designated the Ileporci ei4berh.ted to for Ceatntitkii
tee of Cireek hondholders on the ,2214 &Aim, as the Work ar;
Bowring.
Colonel Stanhope, whose earnest and well-intentioned zeal in
favour of Greece cannot be doubted, will, I trust, excuse the re-
mark, that this confidence may not to its full extent be merited.
The sycophantic praises which Mr. Bowring has heaped upon
him, a: fie ad nauseam, in the IVestminater Review, should
alone have induced the Gallant Colonel to suspect sonic latent
object.
The Report states, that the
Committee were desirous of ascertaining on what grounds the
sam of 4,820/. was paid for the purchase of 9,000/. stock, at the
price of 64 per cent., and the sum of 6,9401. for 18,0001. stock;,
at the price of 531 and 64, when the valuesin the market was no
more than half the amount paid.
Mr. Luriottis informed your Committee that the first-men-
tioned sum was paid to a friend of Greece, who had rendered ser-
vices to that country, but whose name he could not publicly state ;
that he will communicate the name and correspondence (if wished)
confidentially to Mr. flume and Sir Francis Burdett, who were
(he added) strangers to the transaction. Mr. Spaniolacki
dis-
claimed all knowledge of the matter.
Your Committee have been unable to obtain any further infor
station on this head.

After giving to the Committee the answer which is mentioned
in the above paragraph of the Report, I addressed to Mr. Burton,
one of the parties interested, the following letter :•--

Sackville.street, Oct. 2, 1826.
Sir—l was at a meeting of Greek bondholders on Friday last,
when they demanded to be informed from whom I fuel taken the
5,000 L bonds of our loan at one time,
and the 8,000/. at another.
Fearful of prejudicing you by answering them at once,' I requested
to be allowed to consult the party first. I now beg to be infiwrned
whether you have any objection to lettiug your name be known.
I am, Sir, your obedient servant,
(Signed) AND. LURIOTTIS.
To W. Burton, Esq.
The answer to my letter was as follows :
Old Broad-street, Oct. 2, 1826.
Sire...ln answer to you, I was obliged by your declining to name
me on Saturday last to the Committee of Greek bondholders, be.
fore you advised me of your intention, u-theholder of bonds, from
whom you and Alr. Orlando had taken back,- on• account of your
Government, the 4,00 W. and 9,00 W. bonds; but if it should be
requisite to mention my name to the Cattunittee, I beg you will
not hesitate to do to, and placing me mi. the same footing as Mr.
Bowring, with his 25,000/. bonds.
1 am, Sir, your most obedient servant,
(Signed) WILLIAM "BURTON.
To Mr. A. Luriottis, Deputy front Greece, &c. &c. &c.
From the time I received this letter, I was never requested by
the Committee to attend them, or to conununiettte any further
information whatever, and it was in expectation of receiving such
a request that I did not transmit to them the above letter,- or it
would certainly have been laid before them, and Mr. Bowring
would have been spared the pain of pointing out to public notice
this exception (which he liberally describes as one or two excep-
tions) to the frankness with which I communicated whatever was
in my power.
With respect to the 8,000/. I also addressed myself to the party
interested, who is absent from England, and who assured me that
he will write direct to the Greek Government on the subject, and,
that if they disapprove of it, he will return the difference. '
As Mr. Burton in his letter alludes to 25,000/. of Mr. BOW-
ring, and as that transaction has excited considerable attention, I
think it right to communicate the &eta as actually occurred.
The Greek Scrip having fallen to about 1 discount, Mr. Bow-
ring applied to the deputation, and urn, altrY besought them to
he was likely to sustain. The Deputies
-4$1""'" t° comp'
relieve him from the loss which, as the holder of 26,000 f. Scrip,
his request ; hut afier he had urged it upon them again and again,
both personally and through the medium of mutual friends, and
with
col to him; but the Deputies having stipulated that he should pay
had represented that he could not bear up against the loss, they
assented. It was at first proposed that b,OOO/. ahould be tolvan
the fourth instalment, he objected to this, and it was ultimately
arranged that the Scrip should be purchased from bins at the rate
of 10 per cent. d':•:count.
This arrangement being concluded, Mr. Ilowring addressed to
the deputation a letter in the French language, of which the fol-
lowing is a translation

5, jdfro.equere, Sept. 21, 1824.
My friends—lt is my duty to return yen my earliest thanks for
the favour you have done me in withdrawing for the accounts of
your Government the 25,0001. Scrip, at 10 per cent. dismunt.
The sacrifice of e,boot. 1 make With pleasure, as a further pledge