The Sun.
London, England, 1818-11-28 00:00:00

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PRICR SEVENPniciE

LONDON JOURNALS.

trßom THE MORNING, PAPERS OP THIS DAY.]

- (The Times 1
- .
•
EXTRACT FROM THE PROT.Ot'OI OF THE CONFES•
" ENCES Xl' AILLA;.CHAPELLE, Nov. 19.
-- -

The hatiking-houses with which the French Go•

i,e,!npf ent has yeated for the execution of its pe-
cuniary engagements, and whose universally ac-
knowledged credit determined the Allied Powers
not only to receive in payment Bills of Exchange
drawn upon those houses by the French 'Treasury,
for the sum of 165 millions rernaining to be dis-
charged according to the 6th article of the Con- '
vention of the 9th of October, but to cause, ray
their intervention, the realization of the sum of
100 millions effective value, payable in i;.rip.
Hans of rotes, according to the sth article ut
same Convention, had declared, that they, couht
accomplish the different payments to which they
were bound 'by nine instalments ; and the favour-
able situation of Paris at the period when this
arrangement was entered into, the facilities which
circulation experienced, the increased value of
the Iteutes, and the prospect-of an additional con•'
solidation of public credit, at the close of politi-
cal transactions the most happy and sa:isfactory
for France, seemed fully to justify the opinion,
that the terms proposed by the said banking.
houses did not exceed .the limit of dissose title
means, and might be received and adopted with-
out any inconvenience either to France, or to the
Powers her creditors..
Having seriously reflected ,on this pasture of
affairs, on the numerous inconveniences which
may arise from the sudden removal of too great a
mass of money, or the injury which may be done
to the commercial interests of everygountry, by.,
the forced operations to tvhi h the houses en•
gaged to make the payments would be obliged to
have recourse, in order to -effect such memoval.
within a too limited space •ot time, the French,
Government have proposed to the Posters who
are creditors, to admit, in the stipulated arrange.
meats, the two following modifications, viz.
1. That of prolonging to 18 months the periods of payment
which were fixed at 9 months by the Convention of the 9th,
of October.

2. That of giving the contracting houses•the power of dig•
.charging part bf their engagements by bills on certain placea
out of France, which sball be suecifr•aliv det,riniriert
Ine i'lenipoteritiaries or Austria, tireat 3ritain. Prussia, --
and Russia have made these propositions a subject of serious
consideration, and
_the result of their investigation
„hav*lrig.
led them to recognize, ,

That the proposed modifications in noway deteriorate either
the nature and solidity of the original engagements, or of
the secu►ies on which all the pecuniary stipulations
9th of October ultimately rest ; •
That these modifications cannot, in any manner, affect the
confidence which the Powers have placed in the contracting
houses, seeing that these houses have declared themselves •
ready to fulfil the original engagements, if the Posers judge
it necessary or proper for them so to do ;

That comsequently, it will not be difficult to enlighten and
re-assure the public opinion as to the alarms which a false in-,
terpretation of this measure, or ignorance of its real. motives,
may occasion in any country;
That the said modifications cannot be conside'red as a par-
ticular advantage for the French Government, or as a Inca..
sure of relief granted to the houses with which that Govern-
ment had negotiated ; but as an arrangement of mutual con-
venience,. dictated by motives common to all the contracting
parties, and not less conformable to the well understood inte-
rest of the creditor as to that of the debtor;
That, France engaging besides to become bound to the
crediting-Powers, for the payment of interest, at the rate of
five per cent. in proportion to the delay occasioned by this
new arrangement, there can arise no real loss to these
Powers. -

The Plenipotentiaries of the four Pow'ers have adhered' to
the modifications proposed by the Plenipotentiary of France,
in the stipulations of the Convention of the 9th of October,
and have, in concert with him, digested the same, and agreed
to them, as they are inserted
..in ild-Pro'i,deol signed on the
11th of November.
(Signed) IVI ETTERN IC H.
RICHELIEU.
. CASTI.EREAGH.'
HARDENBERG.

BERNSTORFF.
NESSELRODE.
CAPO D'ISTRIA.