DON PEDRO is busy in financial affairs. It is proposed
to convert the paper currency into a metallic one ; and it would seem that the arrangement is likely to be made without difficulty. The holders of Government paper are to receive 80 per cent. for what is really not worth more thaa 74 or 75, when the value of English sovereigns, in which they are to be paid off, is considered. It is also intended to make great improvements in the roads, and to form some new canals in the interior; and it is said that English capital to the amount of a million and a half sterling is forthcoming for these purposes, on certain conditions, which are thus stated by the Lisbon correspondent of the Times " During the first four years from the date of the contract, the money is to be considered as a loan to the Portuguese Government. At the end of the said four years, the lenders will have the option, by forfeiture of the money advanced by them, either to let it go on as a loan for fifteen years, or to keep possession of the roads and canals for forty years; applying to their own use all emoluments therein arising, as well as deriving such other advantages as may be agreed on between them and Government."
It appears that the Spanish and Portuguese Governments had agreed not to let Don CARLOS leave Portugal without taking security for his future good behaviour ; but Lord HOWARD DE WALDEN insisted upon his immediate embarkation. This fact is substantiated by some official documents furnished by the Times correspondent. The results of the interference of our Ambassador have been disastrous. This is the consequence of employing Tory diplomatists. Don PEDRO, his wife, and the young Queen, attended by SALDANHA and TERCEIRA, left Lisbon for Oporto on the 24th of last month. It is supposed that Don PEDRO will reverse a very absurd sentence of a court-martial which found General BACON guilty on a charge not preferred, and acquitted him on the charges which were really alleged against him.
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