The Sun.
London, England, 1818-04-14 00:00:00

{ratio's to pay it with ; then acti.S theie two
. .
sums together, and exclainis, " here is a deficit
which tnotbingcan fill up- the Staid is lost-the
Ministers• have ruined it." 'M DELLEA_ERT- cor-
rected this little error of 1,55-1;000,000 trines, or
fifty-seven millions six hundred and sity;.,•ik thon-
sand six hundred and sixty-six pounds stetling
You will recollect that I told you M. MANUEL had
nothing to do with the arithmetical part of M. Li-
FITTS'S speech ; and you see the moment he
is out Of leading strings, he knocks his Bead
against the wall. And this is the hero of M. de
CONSTANT ! par ;labile fratrum. 13at so thick is
the great Banker's head, that he cannot sec, even
'lien it is told him, that borrowing to pay a debt
extinguishes time debt, and leaves the loan only as
a 'bort hen.

The'Ordontmee i mentioned respecting the
new organization of the Bank has hempresented
tinder the form Of a Projet of Law to the two
Chambers.--
.M. L4FITTE loudly asserted it to be
a ridictilous inventi.o (>1 the Correspondent of Tug
SUN.

What will he say now ?

SHIP NEWS

HAttwtett, Arum 13.7-Wind S.-7-rhe sloop indristry, Pin-
tier,.of Hull, from Gainsbro', for London, was totally lost on
Sunday morning ou the Sunk Saud. Crew, except the Mas-

ter, saved.

Dovea, APRIL 13.—Arrived off this port, the Ann, Pen,
tread), from Liston in semen days, for London.

Coax, Aram 9.--Arrired his Nlajesfy's ship Shamrock
from a cruize. Sailed two transports with troops fur Chat
ham.

PENZANCE, APRIL-1 I,—Sailed his Majesty's schooner Sea
Lark; on a cruize. The Victoria, —, is entirely gone to
pieces; there are about 200 casks and pipes of wine saved,
and greater part of her stores.

PORTSMOIITiI, APRIL 13.—Arrived the Francis and Har.
riett, Bun*, from London for Pictou.

FAI.MoUTH, APRIL 11.—Arrived ILie EMITI3. COURTNAT,
front Moosina for. Petersburgh, in 47 dayi.—Sailed the John
and Tilt/1114S for London.

REPORTE6 NEW FINANCIAL SCIIEME

'There were on the Stock Exchange yesterday
morning, most confident accounts of its being in
the contemplation of the CHAticELLott ot-the Ex-
cur.:weft to create a new Stock, bearing 31 per
cent. interest. Holders of 3 per cent. Consols,
or
3 per cent. "Reduced", by transferring their Stock,
mAy have converted into a Stock hearing
31 per cent. interest, instead of 3. For this pur-
pose, they will be required to pay, in addition to
the transfer of every 1001. 3 per rent. or Reduced
Stock, the sum. of lU. in money these eleven
pounds either to be paid.by instalments at IL a
month till .starch nex.t; or by paying up the sum at
once, when a discount of 21. per cent., it is re-
ported, will he allowed. )1 is added, that Ex'
chequer Bills may be funded by this plan.
yhe following are calculations 91 the table of
this new Stock in the 3 per cents. and 3 per cent.
Reduced :
Three per cents. left off on Sato day at 791- for
money, which is

,C7p 10 6
la 5 0

10s. iitterest worth

, •
92 15 0 value of - per Cent. in
per Cents. -

It:,laced at - - 79 15 0
lOs itaterest worth .

93 -0 10 ralne of Sf per Cent. in
---- 3 per Cents. Red.

The 4 per cents. -left off nn Saturday at 97k.'
971. 55., and the 5 per cents. at 1071. 'file Foil's
WOllld thus he only 41. 105.- higher than the 31-
per cent: ConsOls, and only 41 4s. 2d. higher
than the 31 per cent. Reduced ; whilst the 5 • per
cents. evould he but 141. :is. higher than the 31
Consols, and 13/.195. 2.1. higher than the-31 Re-
duced. It should seem as if this plan.would
faci-
litate the conversion of the 5 per cent; or 4 per
cents. into a 31 per cent. Stock.