The Express.
London, England, 1862-06-11 00:00:00

EXPRESS FROM PARIS.

(210/1 OOR OWN 0011WIPOND1NT.)
PARIS, TO/DIDAT EVTNING.

The news telegraphed from London of the Frew:,
army having received a check before Mexico is coil-
tested by the Patric in the following paragraph :
_ _ _

The Timm in its number of June 9 reproduces from cu.
thin New York journabi a despatch dated Orizaba, May
announcing that the Mexican army, 10,000 strong, beat the
French troops on May 5, at twelve kilometres from Mexico
and that the latter lost 500 men. We are in a polities to
affirm that the news so complacently reproduced by the
Times is a pure invention. The French troops at the date
of May 5 had not quitted Puebla, a town situated 110 kilw
metres from Mexico, and authentic despatches from
Orizaba of the 10th show that up to that date the French
had beaten the Mexicans in every rencountor.

Whatever false news from Mexico may oome from
other quarters, it is unfortunately impossible to
attach credit to any intelligence from that country
reported by the French semi-official prints. The
Petrie now says that on May 5 the invading force
had not got beyond Puebla ; but on Saturday tat
the Pays, retracting a previous assertion that they
bad penetrated to within a few miles of Mexico
stated, after second thoughts and upon deliberate
advice, that on May 5 they were at Mecameca,
place halfway between Puebla and Mexico, and
within 50 kilometres of the latter city.
M. Bismark Schonhausen has suddenly left Paris
for Berlin—called thither, it is supposed, by the

serious state of affairs resulting from the King's
obstinacy.

The Budget Committee, after an unusually long
period of gestation, has presented its report.
The alterations of M. Fould's original scheme ere
considerable and show the growing influence of the
Corps Legislatif upon the administration. The
ordinary budget for 1863 was brought forward with
an increase of 71,461,10i1fr. The committee has
struck off about 10 millions. The figure of the
ordinary expenses now stands at the (still
enormous) sum of 1,720,271,078 fr. The extra.
ordinary budget has been reduced by 17
millions and is now 121,114,500 fr. Com
with the budget of 1862, the rectified figures
a diminution of 121,114,500 fr. The committee ha
been able to reject altogether the proposed surchar
on salt, which was a most unpopular conception.
retains the increase in the sugar duties, notwitli
standing its "natural repugnance" to revive ii
part a tax so recently abolished ; but it declare
itself overruled by " financial necessities." 'The
augmentation of stamp duties is admitted, but the
proposal to create a new stamp for receipts ad
shop bills is thrown out. The tax on sock
exchange sale notes is said to be remodelled in
such a wonderfully successful way as to realer
the impost "lees onerous in every individualisee
and yet more productive on the whole." Thipro-
posed tax on horses and carriages is modified b as
to make many exemptions in favour of agriotture,
of manufacturers paying patent duty, and of small
communes. The ad captandum scheme of lying
five millions by relieving certain small tax-wyers
is rejected, " notwithstanding the generou idea
which inspired it." The committee thims the
moment ill chosen to exempt any class of ociety
from those sacrifices in proportion to their means
which are incumbent upon all citizens in a *anti.),
of equality. The report says, in conclusion, "The
government, animated with the true sprit of
concession without obstinacy and withmt sus-
ceptibility, has had, like ourselves, n+ other
thought bat to seek the truth and do right.
We will have no more deficits ; we desire
to see a rigorous control and a serious equiklmium ;
we desire, in short, to give up the system of expe-
dients and enter upon a business-like financial
course."

Yon will have seen by the Moniteur that ,the
legislative session is prolonged to the 27th instant.
The debate on the budget will begin, I believe, on
Monday. The government speakers will do their
best to cut most political questions short ; but an
elaborate explanation on the ugly affair of Mexico
will probably be thought necessary.
The Bourse opened with very great animation,
but there was a violent reaction afterwards, attri-
butable probably to the Mexican news. The
Route, after being quoted at 69fr. sc. and 69fr.20e.,
dropped to 68fr. 85c. and 68fr. 95c., closing at the
lowest point of the day with a fall of lbc. and 10c.
Mobilier left cff with a rise of 2fr. 50c., after basing
lost 7fr. from the highest quotation of the day.
The Italian Loan fell 15c. In railways there was
ultimately very little alteration. Caine. Mires was
a shade better, closing at 91fr. 25c.
A plan is said to be in contemplation to establish
a piece of mechanism at the Bourse by means of
which, during the continuance of business, the
prices, instead of being announced to the public as
at present by the crier, will appear on a transparent
board visible throughout the whole building. This
mechanism would prevent many errors in the nego-
tiation of securities.

The works on the railway from Toulon to Nice
are advancing so rapidly, that the whole line will,
it is said, be open to the public by the let Novem-
ber next.

WATERS REPORT.-(THIS DAY.)

WEDNIIIIDAT. JUNI 11. U LIL

Z. Z. H A &A 1 2. Z. &
---
Nazi........ Ike U 0 1 5 •
Lsum ... 29.64 U 91 Z. 6 •
Liera
lisamec .
ARDRON9II 99.27 U 50 & Isr 611
Pousom ? 10.0 56 63 1 11 o
GALWAY
Munro 9.0 U 410 111. Sr OA
SOARROROONO 76.1.4 IS 191 9. r
HILIOOLAND
Lrvarsof
QUISCATTOITi 61.69 54 U & . r 4
Visarru
Tuusovni
Winos l4O ST 55 P. Sr B.lSr
Ansa 25.14 NO 58 11 • S
roanuAcTii 29.46 lb 55 &S.M. Sr IRS 5
PORTLAND 29.46 fa 64 & Sr 6091 6
Minya
MIMS=
JIMMY 1 OM ea if A.S.W. b I 6
PROIMUJI.
TNIIRSDAY.
.._ TILLDSS.
__ . -.

TILIDLT.
N. to .N.W., grow gale. duo,

NORTE tO x.
a pia with rain.
litioraD.—E. to & and &W.,
Along gala. rainy.
CRWIIIAL.—L to & and tog. W.
a gale with rain.
Cogn.-7... to It. or to tt.,
ash, rainy.
L SOOLAJID.—E. to el and
&W., a saki with rain.

S.W. to N.W., from $ Sate to
fresh.
N.E. to N.W., or 14.1. to 1V
strong to moderato.
N.N E. to W.N.W., otronM t°
moderato.
S.W. to N.W. and N., atm;
to fresh.

Tzs FATAL BOAT ACVIDINT AT BIOGIITON.--
The inquest as the bodies of the two rentlemes drowsed
by the upsetting of a pleasure boat at Brighton. co Sued'''.
was bold at the Towe-ball on Monday, before the borough,
coroner, D. Black, Eel. The jury, after • few minutes.
consultation, returned • verdict of " Aeaidental death'
The fears that have been entertaiued that there I/SA /4•
otiose life last on Sunday have proved too well founded A
third body was washed ashore early yesterday morning• it
bee been kleatified by the sister of deemed as that al
Mr. Edward Smith.