Star.
London, England, 1817-10-25 00:00:00

STOCKHOLM, OCTOBER 7:

A courier, dispatched by Count Loewenhielm, from
St. Petertburgh, has brought the new Treaty of
Coasmerce concluded between our Court and that of
Rusin', which will probably be soon published.
This clsy in which our vencrable Monarch, King
Charles XIII, who h.ss been for eight years and a
half the S"vereign of. Sweden, and for throe years of
Norway also, has et:aired on has 70th year, has been
celebrated here by various festivitiss, chiefly of a mi-
litary nature. In the evening there is to be a sham.
fight, and fireworks on the river before the Palate, en
which occasita 1500 rockets are to be discharged
at once.

Tile interruption of the circulation of the discount
paper, has so raised the value ot the various Bank-
money, tie paper currency of the kingdom, that in
the exchange today 100 shillings were noted for one 1
rix.dollar Hamburgli Bank money, instead of 1100— ,
The fall of the r.tte ot exchange will, probably, go
farther, because most of the rich have their money iu
those 3 per Cent. Notes, and are, therefore, now
idle, particularly in the province of Schonen, where ,
almost the whole circulating medium ctinsisthig of
Malmoe discount-notes, the stagnation will be great. i
—All the three Discount Establishments are compa-
nies privileged by the State, which, •n the credit of
their funds, take in money at = per cent. with the
obligation to repay at sight, on bond at 6 per cent.
interest, or on security. Their whole business was
transacted by means of bonds for the sum paid in,
or assignments on the Bank for the sum paid out.
This paper inundated the country, and passed as
ready as-iney from hand to hand, till the knuwkdge
of In• insecurity of the Malmee Establi►hment, caused
r a general distrust ea which the whole mass of many
mitions, was stopped in its circulation. the extent 1.1
their tranbections, in proportion to the Weds, is rep.
'dent. from the fact that Ake Proprietors recuited se-
/wally an annual dtvidessl of 20 per cent. use their
shares. There is, however, very sued reason to sup.
pose, that the Gettealmrgh Discount Bank will soon
resume its payments.

A very important question is to be decided by the
Government; reasuely, the Exportation of rilober in
toreign vessels, upon 'ht. payment ot the same duties
WI an natimial stops; al;ainst which the Shipowners
and the whole Beard ot Crade of the. Kingdom have
declared, with the exception of the President, Baron
Edelkranz. The opiuwn given by the latter contains
the following remaricable data t—" Ot the twenty
tour Goaernmeuts, tile thirteen must p..pulous alone
contain 211.0 square males (me..aing German or 1
Svitdiah square wiles, equal to 25 English), or 4.5 i
millions tons id land, Canted with woods: as 6000
cubic feet are the smallest anneal produce of one ton
of land (so called from its being calculated to pro-
du, a details quantity est corn), it follows that 12Q
square miles are soOicieist for the consumption ot the
mines, ot the time-kilns, the tar manufactories, fences,
ship-boil:ling. and fuel; and the produce of 2299
square miles may be spared for exportation. This
exportation has hitherto ammunted on an average to
57,000 beams, 23,000 spars, end 175,000 deals,
worth 90(1;000 fix dollars.

" Now as this whole exportation of about fire mil-'
,ions of calk feet, requires only four square miles to
grow again in 100 years, the imagination is con-
founded at the immensity of the treasures which Na-
ture annually produces, and again starers to decay
Without use, in these sulitodes; and every patriot
must be grieved when he sees that so small a part of
them torus to the advantage of the country. A
single palish lately offered to the Crown a fullest
covering 50,000 tons of land, or three-fourths of the
.txtent used far our whole exportation of timber, In
order to be excused Item a certain contrihntion. In
the nust favourable conjunctures, Norway exported',
annually to the amount of five millions of dams
Hambuigh Banco money."