The Sun.
London, England, 1828-12-04 00:00:00

PRICES OF to-011E16( FUNDS THIS DAV AT ONE O'CLOCK.
Austrian Bonds Neapolitan —
Brazilian Bonds 64U Peruvian Bonds
11.uetios Ayres Bonds ...... ... Portuguese Bonds
Chilian Bonds .. , Prussian, Old
Colombian Bonds 24(3 Ditto, New
Ditto, 1824 23+t, !Russian 96!-i
Danish 633(3
,Spanish, i 921 —
Greek Bonds 1823 —
Ditto, 1825 — French Rentes, sp. c. —f. —c.
Guatimala — Exchange —f. —c.
Mexican Bonds . 3 per cent.
Ditto, 1825 32114' -- Exchange —t. —c.

.
i)r 1411.

LONDON,
THURSDAY EVENING, DECEMBER 4, 1828,

Our City Correspondent informs us, that in
consequence of the Bank having yesterday dis-
counted so liberally, it is expected that there
will be a new issue of Bank Notes in the course
of this day, to the amount of 750,0001.,
which will give an increased impetus to

business. Money is mere abundant, and the
rate of discount is lower to-day, probably in
consequence of the determination come to by
the Bank of France. Such conduct will give
increased stability to public confidence, and
thereby promote the general welfare.

It is generally reported in the political circles
,n Paris, that the opening of the Chambers will
;ake place on the 27th January—much about
he time that our own Parliament will meet.

The French Papers of Monday, and the

Gazette de France dated Tuesday, have been
received. Their contents arc not politically im-
portant. But they contain some news of a com-
mercial nature which is highly interesting and
important to the people and prosperity of France.
It is that the Bank of France has resolved on re-
ducing the interests on the discounts of that
establishment frotil four to three per cent. This

proposition was made at a meeting of time pro•
prictors by M. L AFITTE, the great banker o
Paris, and- the most influential monied man it

France. The proposition was favourably re-
ceived, and the further discussion upon the mea-
sure adjourned for eight days, in order the better
to give it the amplest consideration. "No

doubt," as a Morning Contemporary has well
expressed it "is entertained of its ultimate

adoption :

" Such a measure, though carried into effect by an esta-
blishment which is of infinitely less importance to the
commerce and financ•ts of France, than the Bank of Eng-
land is to those of this country, cannot fail to have a great
influence on the interest of capital, and on all monied
transactions among our neighbours. The Bank of France,
-by-avoiding all transactions with Government, and having
none of its capital-locked up in Government securities,
is enabled to lend accommodation to trade nearly as exten-
sively as our more gigantic establishment. For some
time past it has discounted at four per cent., and his
had sufficient employment tin• its funds at that rate. By
reducing the rate front four to three per cent., it lessens
by 25 per cent. the profitable employment of all capital
advanced to trade. Other banking houses, in the metro. 1
lis at least, must follow the example, and thus a
considerable change must be produced in the benefits aris-
ing from the accumulation of capital. While this mea-
sure is in contemplation by the Bank, the Government of
the country seems pledged to an opposite system. By the
failure of M. de Villele's attempt to reduce the 5 per Cent.
Stock of France to one of a lower denomination, the public
creditor is still phi at•the former high rate, and the exist-
ing Administration cannot venture to take advantage of
present circumstances to relieve the public from any part
of its burdens without incurring the odium to which
their• predecesiors were exposed. Thus the Govern-
ment of France pays 10,000,0001, or 12,000,0001.
sterling for a debt of between 200,000,000/. and
210,000,000/. while private borrowers can obtain accom-
modation for a fourth or a fifth less. The consequence of
this proceeding of the Bank must be, to raise the price of
the public funds, if Government persists in its determina-
tion to attempt no reduction of the rate of interest. The
formation and announcement of a commission to ir-
quire into the existing restraints on French trade, and
the means of its improvement, have invited addresses
and projects front many of the manufacturing and com-
mercial districts and towns of the kingdom. A
meeting of. the principal merchants of Lille lately
adopted resolutions, and voted a representation to this com-
mission, in which they demand that their city be made
an entrepot for colonial produce—that commodities not
prohibited in France may be admitted to them on the
land side as well as by sea—that the duty on coffee
be reduced—that the tobacco monopoly may be abo-
lished, and that the prohibition of receiving colonial
produce from England be abolished. Thus, at the very
time when some ignortnt or interested persons among us
are clamouring for the re-enactment of restrictions happily
abolished, the French commercial body seems to join the
Government in demanding a review of their system, with
the object of rendering• it more liberal or less exclusive."

German Papers, received this morning, say
that the late news from England, respecting the
price of wheat, had rather damped the ardour of
speculators in corn--:-so much so, that upon a
comparison of the positive cost and the pro-
bable returns, they had, wisely no doubt, deter-
mined not to export any :

r•Roal THE MAINS, NOV. 22.
The last accounts from England inform us that the
average price of wheat had reachiled
et.,:i3iss.,onalyn,dis. r
conse-
quently . thieledusptyectodialtoforsr,eiigaz
pla • doubt whether
consignmentsrter to British ports could be made with ad-
vantage from this part of Germany down the Rhine
at the present price of wheat. According to their
estimate, the expenses of carriage aprli.idceduhtlit:Esnlgvloatnildd,
absorb the whole difference between the original
price of articles
so that itfheadecline asnhdo theil;d market
'Pi ace there, which
from the reduction of the duty may be confidently
expected, such commercial speculations would bring
loss rather than profit.

VIESNA, Nov. 22.

The Courrier de Smyrne of Oct. 11, has long ex-
tracts from letters from Canca, in the island of
Candia, which are of an old date, (indeed Aug. '20.)
but contain some interesting particulars. They
speak with much apprehension of the state of things
the island, and with considerable bitterness of the
conduct of die Greeks, and of the English squadron
blockading the ports. The Greeks, it is stated, who
are disposed to rebellion compel their countrymen
who are disposed to remain quiet by threats of
killing them if they refuse to take part, and they
rob them of their corn and cattle, and thus force
them to join in order to obtain subsistence. The

PRICES OP STOCKS THIS DAY AT ONE O'CLOCK.
Bank Y10ck>e,...i....,, ..... 209 2% iSouth Sea Stock
3 per Cent. Red. r,6%3/4% iOld Annuities —
3 cer Cent. Cons,
ro.:, per Cent. 9SU f Ex. Bills, Xl,OOO 2d.62 61 65pm.
Ditto Red
_WY %96 ;Ditto 500 2d. 62 65 pm.
4 per Cent.
Ditto, P. 26 lOl% 4 i Ditto Commercial
13.nk L. Ann. - , Bank for Account
India Stock — lindia for Account
Ditto Bonds 64 138 pm. !Cons. for Acct 873043-6%