The Sun.
London, England, 1829-07-09 00:00:00

GRAND SUBSCRIPTION SCULLERS' MATCH.

The Grand Subscription Scullers' Match for a purse of
sovereigns, and other prizes, given by Gentlemen Amateurs,
at Messrs. Rawlinson and Lyon's, Stangate, were yester-
day contested for by the following watermen :-
1. Robert Mallett Scarlet

2. Henry Norris
3. Henry Stocks

4. Richird Farson Green
5. John Williams Orange
6. John Becket White
7. John Goatley Stripe.

The distance rowed was from Westminster-bridge to
Putney. Five o'clock was the hour appointed for start-
ing ; and some time before, the river between Westminster-
bridge and Vauxhall was well attended by boats of all de-
scriptions. About half-past five, the men having taken
their respective stations at the bridge, the signal was given
from the Psyche galley, manned by gentlemen from Raw-
linson's, for the grand start. The whole of the men went
away in good style, Goatley passing through Vauxhall first,
followed by Farson, Williams, Norris, and Stocks.' Be-
fore, however, they reached the Red-house, Williams passed
Farson and Goatley, and took the lead. In 40 minutes
Williams reached Putney, winning the purse by several
boats' length. Williams received 15 sovs., Farsoa five,
and Norris three.

The Duke of CUMBERLAND left town about
eight o'clock yesterday morning, on a visit to his MAJESTY
at the Royal Lodge, in Windsor Park.
The Duke of CLARENCE visited the Princess
AUGUSTA yesterday, at her residence, in the King's Pa.
lace, St. James.
Prince LEOPOLD honoured the Earl of
OutsTinrlEJ,D with his company to dinner yesterday, at
Chester&ld-house, South Audley-street. There was a
numerous party of the nobility and gentry to meet his
Royal Highness.

The Duke of SUSSEX visited the Duke and
Duchess of CLARENCE yesterday, at their residence, in the
King's Palace, St. James's.
The Princess AUGUSTA visited the Duchess
of KENT and the Princess Sortma yesterday, at their re-
sidence in the King's Palace, at Kensington.

The Earl of ABERDEEN, Lord ELLEN-
BOROUGH, and the Right Hon. STRATFORD CAxi.rnia,
had interviews with the Duke of WELLirtaTorr yesterday
morning at the Treasury.

Mr. RICHARDSON, one of the new Sheriffs,
is a gentleman of large property in Marylebone, acquired
by the laudable industry of his father and himself. The
other Sheriff, Mr. WARD, is a considerable shipowner.

The Marquis of ABERCORN left Argyll-
House yesterday, for Ireland, for the purpose of visiting,
for the first time, his Lordship's estates in that country.
The Marquis, who is now in the twentieth year of his
age,.will, on arriving at his majority, come into possession
of upwards of 90,0001. per annum, in addition to an
immense capital which has been accumulating during his
Lordship's minority.

By the private letters from Paris, it would
appear, that matters are quietly preparing for that great
financial operation which the French Government have
so long had in view, for the reduction sof interest on the
five per Cent. Rentes. The principle laid down seems to
be this : that such an understanding shall be establ imbed
by the Government with the Bank of France and the great
capitalists of Paris, as will ensure on their part a cordial
co-operation in the measure. Money, which is already
tolerably abundant in the French capital, is to be made
more so by a reduction of the rate of discount by the
Bank, and the issue of a large amount in paper, under the
name of a loan from the Bank to the Government. This
increase of the circulation, and of tke facilities for raising
money, will, it is imagined, in the course of a few
months, place the French Government in the situation
of making such propositions to the stockholders, con-
nected with the reduction of interest on the debt, as it
will be impossible for the majority of them to refuse.
To those who decline them, the alternative will of
course be offered of payment at par; and for this pur-
pose the Government will have at disposal the
whole force of the sinking fund, the Bank, and
those capitalists whose assistance has been secured
to the undertaking. The more effectually to ensure suc-
cess, it is intended to redeem the debt by portions only, to
be selected by lot, and thus the whole redemption will be
spread probably over a period of six or seven years. It is
meant, however,—at least such is the general impression,
not to aim at making too bard a bargain with the public
creditor, who is to be offered, it is said, a conversion into
a four per cent. stock, with a bonus of five per cent. If
this should be the case, the project can scarcely fail.—
The French four per Cents. are now above par, and
with the bonus added, the holders of the five per Cents.
would sustain little or no less in the value of their
capital, though the interest received on it would be
lessened in amount by one-fifth. The fairness of the
measure is very questionable, if its success is made
to depend on any forced reduction in the value of money.
If capable of being accomplished by such a change in the
current rate of interest as is brought about by the natural
course of events in the money-market, there can be no ob-
jection to its being taken advantage of by the Govern-
ment ; but if the contrary course is pursued, it can-
not fail to re-enact on any Government which engages in
it, in various wild schemes and projects for forcing em-
ployment for money. on the part of its subjects, which
must end in the loss or abstraction of a large portion of
the national capital,Tinics.