It is not very easy to get at information about the amount of Spanish debts, accumulated dividends, and so forth; but the above lucid statement of the liabilities to foreign creditors, combined with the testimony of other authorities before us, leads to an aggregate estimate of the whole debt, external and internal, at upwards of one hundred and twenty millions sterling,--probably at the present time nearly or quite one hundred and thirty millions, unpaid interest being added. Without entering into the intricate complications of the question, we shall not be very wide of the mark in asserting, that less than three millions sterling per annum, in the shape of dividends, would constitute an arrangement surpassing the wildest dreams in which, for a long time past, sane bondholders can possibly have indulged; in fact that, considering the amount of passive stock, and the concessions that would willingly be made, it would pay what would pass muster as the full dividends. An enormous sum for Spain--will be the remark of many. We beg to differ from this opinion. An enormous sum, certainly, for a dishonest Spanish government. Charity begins at home in Spain as much as anywhere; and if people squander their cash in paying creditors, how shall they enjoy their little comforts and luxuries, and make up a purse for a rainy day? How shall the royal family of a poor and insolvent kingdom have a civil list of half a million sterling, besides crown property and appanages to Infantes?--how shall Queen Christina and her uncle, the ex-king of the French, be repaid the sums they lavished to oust Espartero, and to bring about the infamous Spanish marriages?--how shall the same illustrious lady make her investments in foreign funds, and add to her hoard of jewellery, already, it is said, the most valuable in Europe?--how shall Duke Muñoz play at bulls and bears on the Bolsa, and give millions of francs for French salt-works?--how shall the Spanish ministers, men sprung from nothing, and who the other day were penniless, maintain a sumptuous state and realise princely fortunes?--how, finally, shall the government exercise such influence at elections as to reduce the numerous and powerful party opposed to them in the country to utter numerical insignificance in the legislative assembly, and to fill every municipal office with their own creatures and adherents? It is a very singular fact that, although for many years past the revenue of Spain has been steadily increasing, the annual deficit always continues about the same. Thus much can be discerned even through the habitual exaggerations and hocus-pocus of Spanish financial statements. M. Mendizabal, in his budget for 1837, (in the very heat and fury of the Carlist war,) showed a deficiency of seven millions sterling, the revenue then being about £8,700,000 sterling. In 1840, the minister of finance stated the deficit at £6,800,000 sterling, the revenue