The Sun.
London, England, 1827-12-28 00:00:00

MEXICAN FINANCES.

(From the El Sol, Oct. 17.)
In the absence of the Minister of Finance, a
question arose whether the Chamber should proceed
to the discussion of the resolution of the Committee
• of Public Creclit on the subject of the Loar pro•
posed by the house of Wilson and Co., or ShbUld
continue that of the War Estimates, the Minister of
that Department being then in his place. The en-
trance of the Minister of Finance put an end to this
debate) and the resolution of the Committee was
immediately read to the Chamber. Of this resolu-
tion the following arc the concluding propositions :
lst.—The Government shall be authorised to ac-
cept the proposal made by the house of Wilson and
Drake, or any other that Shall offer greater advan-
tages) subject to the following conditions :-
2d.--First, the Government shall receive in ready
money, or in bills, payable in London, provided the
contracting party can offer them with the necessary
security, from one million and a half to two millions-
of dollars. Secondly, the Government shall receive
the same amount in its own paper, properly recog-
nised and authenticated at or below the rate of 56
per cent. Thirdly, Tobacco credits shall, amongst
other Government paper money, be also received in
paynteht, proVided they be likewise property recog-
nised and authenticated.

3d. This Loan shall be repaid in the maritime
Custom-houses, by the duties proceeding from goods
imported by the contracting party, at the rate of one
hundred thousand dollars per month, commencing
from the Ist of January, 1828, and also by the pro-
ceeds of the tobacco revenne, in one of the States
of the Republic, to be hereafter nominated by the
Government.

4th. The Government engage, under the strictest
responsibility, to apply the proceeds of this Loan
exclusively to the following objects:—

Ists The payment of the dividends and Sinking
Fund in London.

2d. The payment of returned bills.
3d. Payment of arrears of salaries and diplomatic
expellees.
4th. Payment of the Tobacco Farmers.
The Resolution having been read, the Chamber
proceeded to discuss the first proposition, which was,
however, returned to the Committee for revision.

(EXTRACT OF A LETTER, DATED MEXICO, OCT. 12.)
A conducta will be despatched early next week
for Vera Cruz, and will take about 500,000 dollars
on merchants' account, and not a dollar for Govern-
ment. The Loan with Baring is off, and Govern-
ment is in great difficulties ; and unless a loan can
be made with the Mexicans, recourse must be had
to forced supplies, and we fear the dividends in
London will not be paid. Barings have advanced
130,0001. sterling, and threaten, unless they be soon
covered, to throw up the business; arid unless some
improvement takes place speedily, I should not be
surprised to see Mexican Stock fall like Colombian.
Yesterday news arrived from Jalapa of a disturbance
among the troops which have not been. paid, and
last night the troops here were under arms, and a
whole regiment in the palace. I have not heard of
there having been any thing discovered calling for
such a measure, which was, most likely, only pre-
cautionary; but iC shows that all is not right, and
shews great distrust on the part of the Government.
That some change will take place here, is, I think,
certain, and, I fear, not without a struggle. Party
spirit runs higher than ever, and the State
of Mexico has passed a law against tilt Spaniards,
but it is not sanctioned by the Federal Congress.
A report has been in circulation, since the arrival of
the news of Mr. Canning's death, that England was
to join with the rest of Europe to give these coun-
tries solidity by making them independent and mo-
narchical, and for Mexico a Bourbon is to mount
the throne. This cannot be true. England cannot
forget her honour and interest so much as to assist
in placing a Bourbon in power here, when, by call-
ing these countries into political existence; her ob-
ject was to curtail their power. Disturbances have
taken place in the south-west, and few of the States
can pay their shares to the public purse. There is
no confidence, and trade is not worth
,mentioning.
We all have our stores crammed with goods, but
there are not any buyers; the Spaniards are afraid to
buy, and the Mexicans have no money, and we will
not give credit. It is horridly dull, and in six
months more 1 shall be sick of this place. Six
years' residence here sickens one of Republics. I
have just heard that the reason for the troops being
under arms was in fear that the York party would
attempt to murder the President; but really this
seems so wild a report, that I for one do not believe
a word of it.

(EXTRACT OF A PRIVATE LETTER.)

VERA CRUZ, OCT. 17.—For some time past we
have been troubled with political disturbances; we
are, however, happy to inform you that these appear
totally to hare subsided. Confidence also suffered
a severe shock from some of the States having
adopted measures for the expulsion of the old
Spaniards. This step, in direct opposition to the
Charter of the country, caused general disgust
among the more sensible of the natives and the
body of foreigners. We have much pleasure in
informing you that the General Congress has con-
demned the same ; and we have every hope now of
a speedy and perfect restoration of tranquillity, and,
with it, a great amelioration in trade, which has
been, for some time back, so far depressed.
In about a month we expect a very rich convoy
of specie from Mexico; the Government will then
ship, by an English vessel of war, 500,000 dollars
on account of the loan, and merchants he enabled to
remit to their constituents.

A new tariff, with modified duties, will, we
think, be put in operation very soon, and will be
of material importance to British Commerce.

Our. 2-l~.—Owing to the new regulation of the
packets going to Tampico, the presen one, which
should have sailed for England on the 16th inst.,
only proceeds now, and has to call at Tampico in
order to recover a chain and anchor, from which
she was obliged to slip in consequence of stress of
weather.

His Majesty's ship Hecla was yesterday
commissioned at Deptford, by Captain THOMAS BOTELER.
She is to be employed in surveying the Northern Coast of
Africa. Lieutenants TAMES and E. Roc isu are appointed.

The woollen cloth trade, one of the great
tap es of the country, is in a very steady, not to say
prosperous state in Leeds and Huddersfield, considering
the season of the year.—York Chronicle.

Effendi, in the Turkish language, signifies
Master ; and accordingly it is a title very extensively ap-
plied, as to the Mufti and Etnirs, to the Priests of Mosquott,
to men of learning and of the law. The Grand Chan-
cellor of the Empire is called Rzts EFFENDr.

SEPARATE MEETING OF CATHOLICS.-
Monday, a Geparate Meeting of Catholics, to take into
consideration the best method of procuring a simultaneous
meeting of all the parishes in Ireland, on Sunday, the 6th
of January, to petition Parliament, and, also, the propriety
of sending a Mission to England, during the present vaca-
tion, took place at the Great rooms, Corn Exchange ;
STEPHEN COPPINGER, Esq., in the chair. A warm dis-
cussion ensued, which finally terminated in the question
being agreed to be postponed for further consideration to
Thursday; after which, the former motion being carried,
thanks were returned to the Chairman, and the meeting
separated.—Dublin Morning Post.

Among other marks of gradual, though slow
improvement, in this city, should be noticed the commence-
ment of a hackney coach, a very neat vehicle, drawn by
one horse, and likely, if sufficiently encouraged at the out-
set, to prove an essential accommodation, in a place which
stretches itself out (as VOLTAIRE said of Prussia on the
map) " like a pair of garters." This straggling and un-
seemly figure of the city operates as a serious impediment to
mutual communication, whether for business or pleasure,
and is a great drawback upon the success of the theatre,
assemblies, lectures, awl all public exhibitions whatever.—
Any partial remedy of the evil will, therefore be welcomed,
and (as is to be hoped) meet with patronage. The de-
scription of carriages now started in Lincoln have long
been known in the South by the name of "Flies," and at
Stamford they have for a year or two been found a great
oonvenienm—Lincoln Mercury.