The Sun. — 1839-06-03 (London, England)

LATEST FROM PORTUGAL.  LISBON, MAY 27, 4 O'CLOCK, F.M. A pecuniary panic has disturbed the monotony of the week, occasioned by a breach of confidence in the Treasury on Wednesday last. A measure the Ministers had under consideration, to capitalize the internal debt of the nation up to the 30th of June next ensuing, had no sooner become known, than numerous creditors of the state, such as public employes, army and navy officers in arrears, widows and and orphan pensioners, flocked to the various combistas or money-changers, who had hither discounted the claimants' promissory notes on the Treasury. The latter, however, having had previous information of the supposed determination of ti! Government, declined to receive them at any price, and consequently from that moment they ceased to be of value. This circumstance produced a general clamour, which for a short time threatened serious consequences. The expressions of discontent soon re-echoed within the walls of the Legislative Assembly, when the members of the Finance Committee, in order to allay the popular excitement, immediately retired from the Chamber and drew up the following proposal fur a loan of 1,400 contos de rcis, about 320,0001. sterling:— " 1. To raise a fund upon the excess of the coffers of the Board of Public Credit by means of a mixed operation, in which paper securities and cash will be admitted. " 2. That this fund be anplicable to the payment of former debts, and also to assist in the current expenses of the year  1839-1840. " 3. That the decima for 1838 and 1839 be applied towards the actual expenses of 1839 and 1840, and that the whole revenue of the latter year be applied to meet the ex penses thereof.  " 4. That the interest of the consolidated fund be paid by the Board of Public Credit..  " ALBERTO CARLOS CERQIJEIRA, Reporter of the Committee." This document, far from having the desired effect i• was intended to produce, has only served to irritate the popular feeling and considerable dissatisfaction and mistrust still exist. How. ever, it will be modified by a proposal for a monthly loan of 200 contos de reis, to be raised upon the decima already de' as sufficient for the current expenses until the Ist of December next, at which period the forestalled bonds upon the tobacco contract will expire. Notwithstanding, pecuniary embarrassments have so increased as to make it compulsory for some immediate remedy to be applied, however weightily it may fall upon some classes, to alleviate the present distress. I ant informed from an accredited channel, that it is under contemplation to fund the internal debt, if not as far as the 30th of June next, at least up to tho 31st of December last, at an annual interest of 5 per tent. This project will in all probability be brought under the consideration of the Cortes to-morrow.  Intelligence received from Mozambique, up to the 31st of December last, briefly states that on the morning of the 27th of that month a rebellion broke out among the privates of the garrison of that place, the object of the rebels being nothing less than to assassinate the commandant and officers and pillage the city, as well as to murder those who might attempt to oppose them, then to embark in whatever vessels might be in the port and make the best of their way to North America. The authorities, however, forturately succeeded in suppressing the intended outbreak by capturing the ringleaders, who up to that time were being tried by a court-martial. Since the year 1S•?i there have been no less than eight rebellions there of a similar description. The numerical force of the standing army has been fixed at 21,800 men, of which number 6,7'20 are considered to be on furlough. Exchange upon London, at 30 days' sight, 54d. per milree discount on ca-paper money, 50 per cent.