[Continued from our last.]

We will state to M. de Cevallos, that after such declarations had been made, it would be difficult to suppose that any explanation could be given of the present Naval preparations, whieh would render such a proceeding consistent with the neutrality which is professed; but it is manifestly impossible to consider it, unaccompanied as it has been by any previous explanation whatever, in any other light than as a menace directly hostile, and imposing upon his Majesty the duty of taking, without delay, every measure of precaution; and particularly of giving orders to his Admiral of the Port of Ferrol, to prevent any of the Spanish Ships of War from sailing from that Port, or any additional Ships of War from entering it.

The whole conduct of his Majesty towards Spain has abundantly proved his earnest desire to carry that forbearance to the utmost limit a due regard to the safety and interests of his people would admit: but he cannot depart from the declarations he has already made; nor allow Spain to enjoy all the advantages of neutrahty, and, at the same time, to carry on against him a double War, by assisting his enemies with pecuniary succours, to which no limit is assigned; and by obliging him at the same time to divert a part of his Naval Force from acting against those enemies, in order to watch the Armaments carried on in Ports professing to be neutral.