Washington, May 2.- The following dispatch from London indioates that tha Nicaragua incident is approachlng an end: "The following semi-offlcial announcement was made last evening: 'The statement that the Salvadorean minister bad submttted to Great Britain, on behalf of Nicaragua, certain proposals, is correct. The matter is now being considered, and if reasonable security is given for the fulflUment of any undertaking to comply with Great Britain's demand, every proposal in the matter will be arranged without inflicting further humiliatiou.' " Guáranteos Are Abundant. Nicaragua is prepared to furnish the best guarantees of tjie payment of the indemnity. The guaranty will be in any one of several forms as follows: First, tho promise of the Nicaraguan goveramen t, which, in view of the f act that tho government has never dofaulted on its obligations, is of itself regarded as a guaranty; second, the Bank of Nicaragua, a national institu; ion with recognized standiug in London, will, iL need be, give the guaranty; third, the republic of Guatemala, one of ttie richest of the Central American states, stands ready to deposit L15,500 in a London bank if Nicaragua desires the favor; fourth, the Nicaraguan Canal company, whose word in London would be acceptable in tho highest ilnancial circles, will give either a guarantee or the cash if need bo. Joh Buil Also Saves Mis l'oiiit. From the British standpoint the acceptance ot the compromiso and the immediate fcvacuution of Corinto establishes the good faith of Great Britain in her declaration that there was no purposo of occupying territory. From the flrst the British authoritiea have assured Ambassador Bayard, and the latter has so advised Secretary Gresham, that thore was no purpose of aggression or of securing a foothold in Nicaragua. The only purpose, Rarl Kimberlv has said. was to collect a dcbt by sueh force as was necessary and then depart. Niearagua, notwithstanding these assurances, has maintained that the coüection of the $77,500 was merely a covert means of occupying her territory. This view has prevailed very widely here, even in some official quarters. Britisli Spying Out the Land. Adispatch f rom Managua says: "Officers belonging to the British fleefc were ashore at San Juan del Sur, the small port near whioh the Pacific entrance of the Nicaragua canal is to be built. It was nociced that they were making me asurements and topographic sketches of the land in that part of the country, and they also were apparently makiugobservations along the route to be iollowed by the canal along the line f rom the Pacific to Lake Nicaragua. The oificers also made sketches and took notes about Brito, and althougli ordered to desist by the Nicaraguan governor there they continued their work and refused to return on board snip."