The Sun.
London, England, 1826-10-21 00:00:00

when Ibraham was burning and raassacreing. He
therefore took his attendants of the garrison of
Missolonghi, the lonian Phalanx, the Cephalonian and
Zante corps, and others, and hastened against the
enemy. But he had proceeded only a little way when
he saw the enemy was returning force towards
Calybia, from St. John against Astros. He therefore
turned back and occupied before the enemy the newly
built wall in Astros. The enemy arrived and took a po-1
sition in Calybia, extending to the vineyards and the whole
plain of Astros. On the 16th of this month 1,000 regu-
lar infantry and 300 cavalry, advanced against the walls,
but were bravely received, ,and retreated to the camp after
some loss. On the 17th the enemy with his whole force
posted himself near the walls in the vineyards, with the
intention, as it seems, to make a more serious attack on
the wall. Meanwhile assistance was sent' from Napoli,
under Generals Agalopulo and Christo Colocotroni, with
ammunition and two cannon, and if troops arrive in time
from the camp near Corinth, Ibrahim will pay dearly for
the mischief he has done, and his rash, rather than well-
calculated march, will prove ruinous to himself.
On the 18th instant, early in the morning, the
enemy in three divisions advanced against Astros, where
General Nikita is with 800 men.
A small cannon was to receive the enemy, but it un-
fortunately burst after the fifth shot, and killed the best
German, Zachareas' and slightly wounded two others.—
Zachareas had sent four of the enemy to Hades with his
little cannon before he was himself killed by the accident.
When the enemy saw that the fire of this gun had ceased,
they marched forward with greater impetuosity, but the
intrepid Nikita having ordered the soldiers to the proper
positious, came down and sent fifty men only into the plain,
watching, himself, the motions of the enemy. These few
bravesaen contended for above two hours with the cavalry,
not defended by walls,' but man to man, killed some and
wounded others, without receiving themselves any injury.
Th. next day the enemyall withdrew from,Calybia towards
St. John : when the Greeks saw the enemy retire, they histen-
ed after them, and overtook part ofthe cavalry in Calybia,but
the latter did not wait for the attack. On this occasionthree
prisoners recovered their liberty. M. Rita waited for Il
Koliopulo, the brave John T. Colocotroni, and Apos-
toll Colocotroni, to march together against the enemy.
When the enemy came to Calybia, near St. John,
General P. Saffiropulo, with a few men, shut himself up
in the port of Astro ; General Steiko Stankopulo hastened
to his relief, and fought bravely, in all the actions that took
place. He had also written to those at Napoli to summon
them to march against the enemy, and he is again ready to
hasten, whenever his duty as a soldier may call him.

The following has bein published by the Contrac-
tors fur the Colombian Loan of 1822: and in the
present state of the matter we shall forbear to make
any further observations on the conduct of M. ihnt-
TAD()

COLOMBIAN LOAN OP 1822.
The Contractors of tills Loan, having applied to his
Excellency the Hon. M. J. Hurtado, on the subject of the
luilflearly dividend due on the let of November next, have
received from his Excellency the following answer, which
the/ publish for the information of Bondholders.
Freeman's-court, October 19, 1826.

33, Portland-place, London, Oct. 18.
Gentlemen,--I have the honour to acknowledge the re-
ceipt of your letter. of the 13th of October instant, respect-
ing the payment of the dividends on the Bonds of the
Loan of 1822.
_ In answer to it I have to inform you that the money for
_ .

this payment has not yet arrived from Colombia; but,
from the communications received from my Government,
I confidently expect that the money will be forwarded,
and will arrive in this country shortly.—l remain, gentle-
-43.1191., your most obedient humble servant,
To
(Signed) MANUEL JOSE HURTADO.
Id
es n.C. Herring, Wm. Graham, and J. D. Powlee.

We endeavoured the day before yesterday to expose
the error into which our cotemporary, the Times, had
lane", by assuming that the present value of the an-,
Unity 6f 2,800,0001. assigned to the trustees for the
Payment of Pensions and Superannuation:, was an ac-
tual addition to the funded debt of the country to that
amount and we trust that we clearly and satisfactorily
Showed, that upon the most extended view of the sub-
ject which could be taken, the actual addition which
had boen made by this " Dead Weight Scheme " to
the funded debt, could not be estimated at a larger
$lllll than the nresent value of that part of the annuity
i'hicit had been actually disposed of to the Bank of
-England, viz. 585,7401. of annuity.
Another of our cotemporaries, the New Times and
representative, in its leading article of this day, has
fallen into an opposite, but no less glaring error, by
asserting that the annuity in question ,c has nothing
d 0 with the debt," and " that in no sense what-
e'er was it
an addition to our debt." 'The writer
of the article we allude to has exhibited the grossest ig-
:ranee of the subject on which he attempts to argue
slid we insert it amongst Our extracts from other
30utnals, not only with the view of exposing its fallacy,
but
to prove the correctness of our former assertion,
that
this " Dead Weight Scheme " ought to be con-
demned, if for no other cause, than for that of being un-
intelligible, and le'utolu •
of Government in:grrb.oth supporters and opponents
mucl misconception.
It appears to us that a writer must have taken leave
of leis 11enee,. who can assert that the sale of an an-
nuity for 45 years, for a given Sum of money, to be
received in sic years,,lias not added to the funded debt
Of the country. The sum raised by it may have been
applied, no matter how, to the current expenses of the
country, or to the redemption of other stock--but in
either case the annuity created forms a part of the
Punded Debt, and cannot be omitted in correct state-
ments of its amount. In furthpr proof of this we shall
("Ice more endeavour to explain this scheme to our
readers, as briefly as the nature of it will enable us to
'o and we think it will be apparent to every one of
the meanest capacity, that a Funded Debt has been
(Teated to the amount of the value of the annuity
actually disposed of; and that if the CHANCELLOR
(If the EXCHEQUER were to proceed no further with
(hie scheme than the existing bargain with the
Bank of England, the Country would find on
the 15th July, 1828, that it had received from
the Bank between the 15th of April, 1823, and
ttlat date the sum of 13,089,4191., for which if had
Paid from the 15th of April, 1823, and was bound to
luky till the 15th of April, 1867, the annual sum of