12 OCTOBER 1861, Page 1

Earl Russell has replied to the address of the Mexican

Bond- holders, declining to intervene in the Government of Mexico, but promising to enforce respect for British lives and property, and the " fulfilment of recorded obligations." The pledge, which is satis- factory only to bondholders, produced, strange to say, a fall in the value of Mexican Bonds. The Spanish armament is ready, and will convey 8000 troops to Mexico, commanded by a general to be ap- pointed by the Captain-General of Cuba. The French fleet is also under orders, and the appointment of Admiral la Graviere—an officer who acquired a terrible experience in Cochin China—is announced in the lifoniteur. The British squadron to co-operate has been sent from the North American station, and is the one watched with such jealous eagerness by the New York papers. The combined fleet will apparently be off the Mexican coast and ready for action by the 15th of November.