Star.
London, England, 1824-04-22 00:00:00

FOREIGN FUNDS.

Scarcely any business bas been done in the Market this morning.
—Carrent-Prices: New Spanish 15} to 16. Old 17i I, Chilian
86} to 87, Russian 97} t, Mexican Scrip 10. Colombian Scrip
4 I, French Scrip 17} 1, • Austrian Scrip 17k, f, Greek 4 disc.
Alliance Shares 16} to 17. -
AUSTRIAN FUNDS.
APRIL 7.—Metaltiques 98. Bk. Sh. 1060. 9-10.
Amu. B.—Netalliques 98 7-16. Bk. Sb. 1071. 9-10.
PRICE OF STOCKS AT ONE O'CLOCK.
Bank Stock 2461/2 245
S per (sent. Reduced 951 3/4 3/4 3/4
S per Cent. Consols 961/4 3/4 1/8
4 per Cents. Old 100%
4 per Cetus. Assented 1021/s 1017/g
4 per Cents. New 1083/4 % %
Bank Long Anns. 23 3-16 1/8
India Stock 3003/{—lndia Bonds 83s. 82s. 844.
Bills (1:156J0) 555. 545. 57s.—Sm. 555. Rs. 575.
Consols for Acct. 963/4 IA.

We yesterday adverted to the new financial measure
of the French Government for the reduction of the in-
terest on the National Debt—a measure which, fo‘nded
as it is on principles of justice as well as policy, cannot
fail of being carried into effect without difficulty. No-
thing can be fairer than a creditor saying to a debtor,
46 I owe you a sum of money (say a thousand pounds),
for which I have hitherto paid you five per cent. I now
find I can borrow it at four per cent.; if you are con-
tent to leave it still in my hands, I shall pay you at that
rate ; but if not, and you can do better, here is the
principal, with the interest, at the rate at which it was
borrowed, up to the present day." No person will con-
tend that, in common life, there is anything unfair or
improper in this—and what would be just in an indivi-
dual cannot be unjust iu a State; and yet some of the
Members • of the French Chamber of Deputies have
inscribed their names to speak against the project.
The R Tort on the project of law for carrying this
measure into effect, was, as we stated yesterday, read
in the French Chamber on Saturday, having received
the sanction of the Commission appointed to examine
into its met its—in a few days it will have passed into a
law, for not a single rational objection can be made'
against it. The Stockholders may wince, but let the
Sco ip once come into the mar ket, either in Paris or Lon-
don, and we shall see them ready enough to catch at it
at a premium. The French Minister, NI. ViLLELE, well
knows that he will have the support of all the leading
capitalists of Europe—indeed we may say he has it al-
ready ; and it was on the guarantee of the houses of
Messrs. Ba BING, Brothers; Messrs. limn, Inv 'No, and
Co. and Mr. N. M. ROTHSCHILD, in London; the house
of LAE I Tn.., in Fal is; and that of flora, at Amsterdam;
that he proposed the measure, and to whom he alluded in
his speech in the Chamber of Deputies on the sth inst.
These five houses, whose ramifications extend to every
capital in the wo:Id, are fully prepared to pay- off all
the dissentients to the plan, although it is the greatest
financial measure ever undertaken by individuals.—
When the law has passed the French Legislature, the
five houses abovementioned will begin to receive as-
sents to the reduction of the interest ;and as, even when
reduced, the new French stock will offer a better rate of
interest than that of almost any other country, time is
no doubt but that it will be in extensive demand for
investment, and consequently furnish the mo,t ample
• means for paying off all dissentients, however numerous
they may be. Besides, the contractors have the option
of eiti er paying off the holders immediately, or at any
period they may deem most eligible within two or three
years; they will by this means have the use of their own
capital, and a large isqur of Exchequer Bills horn the
French Government sh,uld they ask for it ; thus, not-
withstanding the vast magnitude of this great financial
operation, its success is already insured.

A Loan to the amount of Five for the re!ief
of the West India l'i oprietor s, l a., within a few days,
we understand, been negotiated and agreal w ith
two houses in this City of the first re:-ectability,
who came forward and made the immediate advance, I
on the security of prorerty to a larp,e amount in Ja-
maica and the other islan.k—the loan and interest to
be gradually discharge) by corsignments from the
West Indies to both there respectable houses, one of
whom has long been a leading one in all concerns
with this interest, and is a principal sharer in the
great nench Loan. The head of the other house joined
in this negotiation is an influential Bank Director.—
The security in this case must be unquestLnable, and

the advance of five millions will bring wi:h it the
greatest possible relief to the West India planters. We
only wonder that such a Loan was not conten►iaated
before: the holders can be at no risk: property to an
immense amount will be pledged for the di charge, and
the interest will be secured, together with the redemp-
tion of the principal, by large and continual consign-

ments from the West Indies. This Loan will stand

kigh in the money market : it has nothing of delusion
or hazard about it; and will bring the most important
relief with it to the temporary pressure under which
the West Indians now labour.

Brussels Papers to the 20th inst. reached us this
morning. They contain a due portion of contradictory
atitements relative to Russia and the Porte, which we
give as we and them, not having, like our friend Solo-
.

mon, in tfie play of the Stranger, received « Letters
from Constantinople! on the subject.
AUGSBURG, APRIL it.

We have seen letters from Pera of the 10th, 11th,
and 12th March, the contents of which afford but little
hope that the Porte will accede to the demands of Rus-
sia, and enable M. Minziacky to fulfil his mission. The,
famous Dschanib Effendi, known as the head of the
Antemoscolite party, has all at once resumed- his in-
fluence over the Members of the Divan, who, since the
9th March, have held extraordinary meetings, which
were not terminated on the 12:h, when the courier set
out for Vienna. It is affirmed that it was principally
in the siting of the 9th that Dschanib Effendi spoke
with great vehemence against the policy of the European
Powers, and succeeded in bringing over the majority
of the Divan to his opinion ; accordingly, since that time,
nothing was talked of at Constantinople but extraordi-
nary levies, and of the march of 100,000 men to Tee dot ce
the army encamped on the left bank of the Danube.—
We learn that the office of Foreign Affairs at Vienna
has received the same information from Baron Ottenfels,
the Austrian Internuncio. Prince Metternich immedi:
ately made a communication to the Russian Senator,
de Tatischeff, with whom he had had some long
conferences, after which M. de Tatischeff dispatched
an extraordinary courier to St. Petersburgh.