The Sun.
London, England, 1828-01-15 00:00:00

NEW CATHOLIC ASSOCIATION.

(Flom a Second Edition of the Dublin Evening Pest of

Saturday.)
O'DWYER IN THE CHAIR.
Receipt of Catholic Rent for this week 851. ss. 3id.
A number of letters were read from the Catholic
Prelates and Clergy on the subject of the Simul-
taneous Meetings, which were universally approved
of; of the appointment of Catholic Churchwardens,
which is in extensive preg-ress, and of other matters
connected with the Sub-letting Act, &c.
Mr. O'CONNELL, in a speech of some length,
considered the position in which this country would
be placed by the rumoured change of Administration,
a change which he was disposed to think of with the
most gloomy apprehension, a feeling of dread for the
condition of all classes in the country—Catholics,
Protestants, and Dissenters. In speaking of the
latter denomination of Christians, he stated that the
Northern Whig (which he moved should be hence-
forth received by the Association) had converted him,
and it was with great pleasure he changed his mind
concerning the opinions lie hitherto held, respecting
the illiberality of the Dissenters of the North.

Mr. ',AMISS followed, and said ho could 'hardly
trust the reports so prevalent of a purely Tory Ad-
ministration succeeding the last—with nothing to
resist the vast talents of the Whigs, but the voice of
the Agriculturists, and the mental powers of Sir T.
Lethbridge.

Mr. Slim., in a very eloquent speech, gave it as
his opinion that if the Tory Administration were
really formed, it could not support itself against the
simultaneous voice of seven millions of Irish Catho-
lics, against the manufacturing and trading interest,
and the moral strengths of their opponents.
After the business of the Association was con-
cluded the Meeting adjourned.

SPANISH BONDS.

Yesterday a meeting of Spanish Bondholders
took place at the City of London Tavern, in pursu-
ance of the following advertisement :
It being the opinion of many of the holders of the bonds
issued for the Government of Spain, under a loan nego-
tiated in 1823, by Sir John Win. Lubb,ick and Co., and
James Campbell, Esq., and upon which there are now
eight half-years' dividends of V. 13e. I d. each over due
and unpaid, that an application should be made on behalf
of the bondholders generally to those gentlemen, relative to
the said dividends, and with reference to certain money re-
maining in their hands, the prodece of said bonds, a meet-
ing of bondholders will be held, with that view, and that
only, at the City of London Tavern, &c.
Mr. BLAINE being called to the chair, said he un-
derstood a gentleman was present who had a com-
munication to make to the meeting from Sir J.
Lubbock and Mr. Campbell.
Mr. GRIBBLE, the gentleman alluded to, said, that
he had waited upon Sir J. W. Lubbock and Messrs.
James Campbell, to ask whether they had any ob-
jection to afford information which might affect the
interest of the holders of Spanish certificates issued
in 1823. They stated, that they had not the
slightest objection, and added, that much miscon-
ception appeered to be entertained as to the nature
and origin of the transaction, which many supposed
to have been a loan raised by the Court of Spain
through them, and for which bonds had been issued.
The fact, however, was otherwise, and they (Sir
.T. W. Lubbock and Co., and Messrs. James Camp-
bell and Co.) acted as agents only, to carry into
effect an arrangement made by the Spanish Govern-
ment, under the following circumstances :
A misunderstanding having arisen between the
Government of Spain, and its agent in this country,
bills of exchange and letters of credit issued by the
Spanish Minister of Finance, to a considerable
amount, were dishonoured ; and to provide for their
liquidation, commissioners were sent from Spain to
London, whose duty it was to investigate the claims;
and when their amount was ascertained, and certain
formalities had been complied with, according to in-
structions furnished by their Government, certifi-
cates were issued for the respective claims so ascer-
tained, and delivered to the different claimants in
exchange for their bills or letters of credit; and it
remained with those claimants to keep the certifi-
cates as giving them an interest in the public debt of
Spain, or to sell them, as they might think proper.
It was obvious, that for the purpose of suchinvesti-
gation, and the exchange of the one security for
another, it would be necessary that some British
agents should be employed by the commissioners,
and they (Sir J. W. Lubbock and Co., and
Messrs. James Campbell and Co.) were ap-
plied to, and became such agents; and of course
they acted according to the authority given to them,
and not upon any discretion of their own. The
commissioners had only at their disposal the amount
of two other inscriptions or parts of the public debt,
upon which they were authorized to issue certifi-
cates to a corresponding amount, for the payment of
interest (so far as they would extend) on the certi-
ficates given for the original claims, and for commis-
sion and charges incident thereon; and certificates
were issued accordingly, the sale of which Sir J.
W. Lubbock and Co., and Messrs. J. Campbell and
Co., commenced, and were enabled to pay thereout
the first half year's interest, and were making pre-
parations to realize the remainder towards the pay-
ment of the second (the Spanish commissioners
being then in London), when the transaction was
suddenly interrupted by a document from Spain,
which put an end to the functions of the commis-
sioners, and of course to those of the agents un-
der them. Messrs. Sir J. W. Lubbock and
Co., and James Campbell, Esq., possessed to-
wards the payment of the second half year's in-
terest, subject to all the contingencies belong-
ing to the present state of the transaction, a
sum of 13,050/. 1 ls. 2d., ;did' was invested in Ex-
chequer Bills on the 30th of April, 1824, and con-
tinued on the same security; and Messrs. Sir J. W.
Lubbock and Co., and James Campbell and Co.,
would be glad that it should be disposed of for the
benefit of those entitled to it, whenever a course can
be devised which will free them from personal re-
sponsibility. They have already had to defend two
Chancery suits, instituted by persons claiming to
have demands upon the certificates passing through
their hands,—the one was by the former agent of the
Spanish Government, and ceased only by his death;
the other was by a public officer of that Government,
who is dead, and by whose representatives the pro-
ceedings may be revived.

Mr. ROBERTSON expressed his satisfaction that
the meeting had been called. He intended to submit
a resolution, proposing that a deputation should wait
upon Sir J. Lubbock and Mr. Campbell, to obtain
from them all tke information possible respecting
the loan.

Mr. GRIBBIE was sure those gentlemen would
willingly give any explanation in their power.
Mr. ROBERTSON then moved the following re-
solutions :

" 1. That it is the opinion of this meeting, that any
money remaining in the hands of the negotiators of the
bonds issued by the Government of Spain in 1823, can
belong only to the bondholders, and should be applied to the
payment of their dividends.
it 2. That a deputation of bondholders be appointed to
wait upon Sir J. Lubbock and Mr. Campbell, to solicit
from them information respecting the loan."
Mr. MERLE seconded the motion.
After a desultory conversation of some length, the
resolutions were agreed to, and the meeting separated.

-
The weather has, since our last, been very
boisterous and wintry, the wind for four or five days blow-
ing a gale from S.E. to E.S.E., with strong frost and
intense cold. On Thursday we had some snow, the wind
coming to E. and veering round in the course of the night
and yesterday to N. and N. W. to W. when the snow fell
so as to cover the ground pretty thickly. In the interior
shere has been for some days a considerable fall of snow,
which, we learn, lies to the depth of several feet in some
parts of the country, so that although the communication
is generally open, some difficulty is experienced in parti-
cular situations. And to this cause is probably owing the
scanty supply of meal in our market, yesterday, so as to
oogasion a small advance of price. •:..ediberdeen Chronicle.