The Express.
London, England, 1865-12-26 00:00:00

NEW ZEALAND.

-
The following telegram from the Colonial Secre-
tary, Wellington, New Zealand, ham been banded
to us (Times, second edition) for publication by the
New Zealand Government agent in London ;
"The native insurgents were surprised during
the present month, and 186 Rau-Hau fanatics have
surrendered or were captured, and have taken the
oath of allegiance. The friendly natives have gal-
lantly aided in suppressing the Ran-Haus.
" Parliament was prorogued on the 13th October.
" The Stafford ministry 1s in offioe. Expendi-
ture reduced. Revenue improving. West Coast
gold fields' returns fast increasing ; they yielded
during the month 44,045 ounces."
The telegram bears no date, but October is doubtless
dared to.

the.month rel

(fauna's mixamims.)
CALCUTTA AND CHINA MAILS.
MAR-scut LEs, DEO. 26.
The Pens, with the above mails, arrived here at
2 a.m. yesterday.
The mails left for London at 11.30 a.m.

Free pratique.
The Ripen, with the heavy portion of the above
mails left Malta at 6 a. m. on the 24th. She may
be expected at Southampton about the god
January.

OUTWARD BOMBAY MAIL.
The Tanjore from Marseilles on the 20th Mat.
reached Malta, at 11 p.m. on the 22nd, and left
at 4 a.m. on the 23rd for Alexandria.

FRANCE.

(nom ova OWN 001

PARIS, SUNDAY.
M. Fould's financial report, which I said yester-
day had been " discounted " in a favourable sense
on the Bourse, appears to-day in the Moniteur. It
undoubtedly gives a favourable account of the
financial position : but then he speaks of the
budget, not of this year, or of next, but of that of
1867, and it remains to be seen whether something
or other will not occur to prevent the fulfilment of
the promises now held out. It is very long since
the Emperor declared his intention to have his
budgets in "equilibrium," and accordingly his
finance ministers always make out their estimates
with a surplus. But then there conies the inevit-
able "rectified budget," which as invariably shows
a deficit when the accounts are wound up. M. Fould
now says that the budget of 1864 is balanced by a
deficit of st) millions. He only ventures to hope that
the budget of 1865 will make both ends meet, in-
stead of showing the surplus of 7,312,000 f., which
his estimates had antioipsted. As to 1866, coming
nearer to current facts, he is reduced to confess that
he has not the materials for anticipating bow it will
turu out. 1867, however—that land of promise—
is encouraging, and it is upon his estimates for that
year that the matter of course encomiums of the
official press are built. Be shows that the reduc-
tions about which so much stir has been made this
autumn amounts to 30 millions, thus distributed :
14 millions reductions in the budget of the Minister
of War ; seven in the Ministry of Marine ; six in
that of Finance ; and two or three millions in the
budget of Public Works and the ministry of the
Emperor's household. But from this saving has to be
deducted an augmentation of 4 millions. do that the
real reduction projected amounts to only 26. Apart
from figures, the flexibility of which we but too
well know from experience, the really great feature
of the financial report consists in the repeated asser-
tion that a " pacific" policy is assumed as the bards
of all the minister's calculations, and the strong
affirmation of the soundness of the principle of the
sinking fund, which many modern French financiers
have contested. On this point M. Fould's language
is most emphatic and remarkable. He says:
The revival of the winking fund. so favounible to the
future of our finance, is all the more useful and opportune.
because it is a protest against those facile and dangerous doc-
trines which tend toeocumber the future for the benefit of the
present. By fulfilling its engagemeoteto its creditors the go-
vernment will take advantage of the state of peace which we
are enjoying to reduce its debt and consolidate its credit.
Your Majesty will transmit to future generations the
advantages of the greet things aocomplished during your
reign, without saddling them with charges out of proportion
to the benefits.
From the fact of no allusion being made to the
Luxembourg Gardens as a source of assets, it is
conjectured that the project of confiscating them
must be given up.
The following is the summing up of the Patrie,
in a sense of course favourable to the government,
of the financial report :
The floating debt is now 772 millions, which was 808
on the let of January last ; the reduction of Treasury bills
to • figure below 100 millions, the maintenance of • mode-
rate rate of interest during the put year, a material sag.
mutation in the exports and imports of the first ten month.
of this year, are all matters tending to prove that our
financial situation is gradually improving, and that the
measures submitted by the finance minister to the
Emperor's approbation are destined to triumph over
our gas-
abuses and habits of extravagance, to augment
sources, and increase our prosperity.
It is rumoured that Mr. Gladstone has decided
upon a low uniform duty upon all French wines,
whether in cask or bottle, and that the duty will be
is. per gallon. This is capital news for the wine
growers, and also, sal think, for English consumers.
1 fully anticipate that, owing to the greater com-
mercial aptitude and more scrupulous, tradeemanlige
honesty of English merchants, it will shortly be
easier to get good French wine at a moderate price
in London than in Paris.
We have had to-day and yesterday the best imi-
tation of a London fog that I have ever seen in
Paris. There are two or three degrees of frost with
it—just enough to keep the streets clean. The
usual stalls for the sale of Etrennes are in course of
erection on the Boulevards. The shopkeepers along
the line from the Madeleine to the Bastille
oppose this fair, not so much out of jea-
lousy of temporary rivals, who sell articles
of too low a value to be serious competitors, as