Star.
London, England, 1822-05-10 00:00:00

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17 •
• V.

talk of bidding 'whovterenoi corpolittb hcartit Vey'
must first know whit privileges they would epjoy ;
if, for instance, 'they could issue botta4 which the
South Sea Company by its Charter wasentitleato do.
Tie Earl of Liveuvoot., to whom this Objection
'appeared unexpected, said, that as it *as intended to
conduct the negotiation on the most liberal terms,
every necessary facility would be allowed to the par-
ties contracting.
The CHANCELLOR of the EXCHEQUER observed,
that it appeared there would be no bidding—no corn-
'petition ; but that the Lords of the Treasury would
have to make their own terms with the South Sea
Company.

. . •

Mr. GRENTZLL suggested whether it would not be
desirable to give the South Sea Company further
time than Tuesday, or perhaps nut to fix any day at
present, until the Direttors had ascertained how far
the proposal met the wishes of the Proprietors.

The CHANCELLOR of the ExcluctuEß had no ob-
jections to such an arrangement, as due notice of the
day of bidding might be given, in the usual form, at
the Bank and Stock Exchange.
Mr. ROTHSCHILD was of opinion that a day had
better be fixed, when it was agreed that Tuesday next,
at I I o'clock, should be fixed for receiving biddings,
and that any parties possessing the necessary secu-
rities should have the opportunity of making tenders
for the whole.

In answer to a question from Mr. ROTHSCHILD,
the CHANCELLOR of the EXCHEQUER stated, that any
persohs who had dissented to the 5 per Cents. would
be paid up by giving three days notice.

The Plan by which the Directors of the South Sea
Company propose to raise the necessary capital for
the Contract, will be seen by the following important
notice, which was issued yesterday :
_ _

" South Sea House, hlay 9,,1844.

" At the General Court of Proprietors of South Sea Stock, to
be held on the 10th inst. it is intended to submit to their consi-
deration the expediency of recommending to the Court of Direc-
tors to contract with Government for the payment into the Ex-
chequer, during the ensuing forty-five years, of the sums of money
specified by the First Lord of the Treasury and the Chancellor
of the Exchequer, at their interview with the parties who attended
at the ,Treasury on the 7th inst.

" A large portion of the capital Stock of the Company being
in the hands of Trustees, or of parties who may be unwilling to
engage in this transaction, it is proposed that such holders of
South Sea Stock alone as shall subscribe their names in a book
to be opened for that purpose, or shall by other sufficient means
signify their assent in writing, shall be concerned in the under-
taking, and that the rights.and interests of Stockholders not so
consenting +hall remain unaffected.

" That in addition to the sums to be transferred from the old
to the new capital, a further sum of 13,500,000 money, or so
much thereof as, together with the sum of old capital sub-
scribed, shall be equal in value to £3,000,000, shall be raised,
to be paid by instalments, as follows :
16 per Cent. as soon as the Contract is made.
25 per Cent. on or before the 12th January,lB24.
30 per Cent. on or before the 12th July, 1824.
30 per Cent. on or before the 12th January, 1825.
" That the old Capital Stock, so transferred over to the new
Capital, be transferred at par, and, together with the new Sub-
scription, bear an Interest of four per cent.
" That the option of contributing to the sum to be raised be
given to Proprietors of Old Capital, and if the whole sum re-
quired be not so subscribed, the subscription shall be thrown
open to the Public upon such terms as the Court of Directors
shall determine."

In consequence of the exertions lately made-in be-
half of our starving fellow-subjects in Ireland, the
speculators have not been idle; and we are sorry to
hear, by letters received from Dublin, that corn has
risen, within the last week, upwards of fifty per cent.
This is a fine illustratimi of the feelings of the Agri-
culturists for the distresses of their fellow-cieatures.
We hope, however, that their cupidity will be disap-
pointed, and that the English fund for the relief of
the Irish will be laid out in England, where it can be
done to so much greater advantage.

The French Papers of Tuesday have been received.
The following are extracts :

PARIS, MAY 7.

Yesterday the most respectable merchants of Paris,
amounting to 125 in number, met M. Zea, the Pleni-
potentiary of Columbia, at a grand dinner, to which
they had invited him, in the Jardin Beaujou. M.
Lafitte, in the name of the merchants of Paris, pro-
posed as a toast—" To Commerce; Commerce is the
friend of order, peace, and liberty—has civilized the
world, united nations. May Commerce soon unite
France and Columbia by bonds of mutual interest
and prosperity." M. Zea, the venerable Minister of
Columbia answered, with evident emotion—.." May
the wish just expressed be accomplished in the hap-
piness of the two worlds."—Great applause followed.

SEMLIN, APRIL is.

On the 31st of March, the Swedish Consul, Cy-
riakus Joannino, and several Greeks, were arrested
and imprisoned at Salonica.

The first Russian army is in march towards the
Pruth, the Polish army towards the Dneister, and
the Imperial Guard advances upon Warsaw.
EXTRACT FROM A PRIVATE LETTER, DATED VIENNA,