The Sun.
London, England, 1842-05-28 00:00:00

CIIILIAN BONDS.

A meeting of the Bondholders from the Chil!an
Government, was held yesterday at the London Tavern,
pursuant to advertisement, for the purpose of taking into
consideration the proposals of the Chilian Government,
,vith respect to the arrear of interest due to the bond-
holders in this country on the Chilian Loan.
, e G. 11,. ROBINSON, Esq., took the chair, and said
a had received certain proposals from Signer
Rosaris, the accredited Chilian Minister to the Court
a.t. Paris, who was at present in this country,
for the purpose of settling the claims of the bondholders
in this country for arrears of dividends, They would
. recollect that in March, 1841, a general meeting of the
bondholders was convened by the Committee, for the
Purpose- of taking into consideration certain
Proposals _made to Colonel Walpole, and at that
fleetingi the bondholders came to the determination that
!e proposals:were inadmissible, and were consequently de-
clined;, afterwards several negotiationsbetween the Chilian
"°verninent and Mr. Calchreugh and others had re-
:tilted in the present proposals. He recommended them
(2 "cede to these 'proposals, as they must remember
that although these were proposals falling short of their
just rights, yet still some time ago they could not have
anticipated this offer, knowing as they did that they bad
. . • hotting but the honour and public faith of the Chilian
; Government to depend upon, and could not otherwise
°ll pel them to the payment of these demands. He
fully believed that the Chilian Government in-
tended to do all they could to keep their en-
. gagQinent. The proposals he had received as Chair-
-111411 of the Committee, from Signor Rosalis were—
•' Two series of bonds to be issued, the one for the
principal the other for the arrears ; the latter to begin
to bear interest from the 31st of March, 1847.
2. The bonds for the first series to be similar to those
a 0 iv in existence.
3. A SUM of 10,000/. shall, after the 31st of March,
18.13, be remitted for the redemption of the first series
of bonds.
4* The time for the entire extinction of these bonds
, • shall be extended to 30th September, 1869.
.-11;rt....hilltoiftidyseaTlyb.e issued for the arrears, 81 per cent., the
payment to be made 30th September,
41• Certificates to be issued for sums less than 100/. ;
uellcertificates to be convertible into bonds, when they
amount collectively to 100/.
p6' A sum of 7 563/. (being 1 per cent. on the amount
o, a— 9 .
arrears) to be remitted annually towards the redemp-
tion Of this second series of bonds.
th .•
The holders of the second series of bonds' may after
rae Ist April, 1847, exchange their bonds for the do-
tiee.t4 debt of Chili, receiving I,IOOL, of the latter for
,;erY 1,0001. of the firmer—the rate of exchange being
- 48. Per dollar. - -
~ .
99, and 10. The redeemed bonds to be deposited in
the° '-'4llk of England, &c. &c,
b 'l.ow The old bonds to be left with Messrs. G. and J.
-4r
11 and Co., who will arrange the issue of the new
finds.
tltle hoped they would, without hesitation, agree to
b"ese proposals ler he not only believed that it would
b
e the means of causing the Chilian Government to act
iP,Ito their promises, but that it would have a salutary
IlLAlence upon the other South American States.
niZrt the question being put, these proposals were una-
`"„,')usly agreed to.
-the CHAIRMAN then proposed that a vote of thanks
should be given to the Right Hon. the Earl of Aberdeen,
heri Majesty's Secretary of State for Foreign Affairs,
:,'•
sir the support which his Lordship had on every ocea-
; • jir given to the interests of the Spanish American
adlioldcrs.
The resolution was carried unanimously.
1,,.A. vote of thanks was also passed to Col. Walpole and
„, 4144• Caleb reugh.
r_kreiolu.tion was then passed,. voting to Mr. Calchreugh
American
for his services in the cause of the Spanish
opted to Bondholders. A vote of thanks having been
vepetied,to the Committee, the meeting separated at three
. clock.