16 JANUARY 1841, Page 9

Madrid papers and letters, to the 6th instant, have been

received. They contain no news of importance. The ex-Minister Arrazola had addressed a memorial to the Regency, in which be demanded to be allowed to return to Spain. He offered, if the Government thought proper to impeach him for any act of his administration, to repair to . any place or fortress it might be pleased to fix, and there await the re- sult of his trial. General Espartero had permitted him to return to his country, and assigned to him for residence the town in which he was born, tit the province of Valladolid.

Nothing further had transpired relative to the dispute with Portugal. The Constitucion, however, remarks—" Our dissensions with Portugal are on the point of being brought to a close : we are positive that no blood will be shed, and that the name of Spaniard will not be tarnished."