To-morrow the payment of ...
To-morrow the payment of the amrount due to the dis- sentients from the reduction of the Four per Cents, will be made, we understand, at the Barik, anrd will form, Wi claimed, an increase to the circulating medium of ncaily 6,000,0001. sterling. WVe say if claimed, for it is a very curious fact, that of the amount due to the dissentients from the redluction of the Five per Cents., wlich took place in 1822, a large portion has never been called for, bnt is lying idle at the Bank. The mode by which provision is madle for the Four per Cent. dissentienits has been alreatly mentionced, the Bank having engaged to advance the sum required, and receive repayment at stated periods from the sinking fund, taking iinterest at the rate of three per cent. It is to the expectation of the increase of circulation from thlii source that is to be ascribed the high state of credit of the English funds, which for some time past have been gradlually imlpyoving in valu-. It is also said tobe in the contemplation of Govern- ment, before the termination of the present year, to rcdtuce the amount of Exchequer bills in circulation by about 4,000,0001. From these causes, coimbined illi the pay- ment of theCOctober dividends, and those due on the various foreign loans, now growinig to a very considerable amount, an influx of capital into the market for investment must take place to an extent seldomr known at one period. Its effect on thevalue of Government securities will, however, depend on the confidence felt in the permanence of political tranquillity.