The Express.
London, England, 1866-05-05 00:00:00

AUSTRIA AND PRUSSIA.

The full text of the Prussian despatch to Saxony
dated April 27, of the reply of the Saxon minister,
Herr von Beust, dated April 29, and of the two
despatches forwarded to the Prussian government
on the 26th April, from Vienna, on the subject of
disarmament and the settlement of the Schleswig-
-1 Holstein question, is given in the continental jour-
nals, but as the substance of these has been antici-
pated by telegraph, we think it unnecessary to re-
produce them in extenso.

(RIOTER% TELZOILLIIB.)
FRANCE, AUSTRIA, AND ITALY.
PARIS, MAT 5.

The Memorial Diptomatique of to-day publishes
an article denying that France had made ener-
getic remonstrances at Vienna relative to the Aus-
trian armaments in Venetia. The writer continues :
—"The despatch sent to the Duke de Grammont on
this subject was couched in the most courteous
terms, and solely requested confidential explanations
respecting the object of the Austrian preparations.
The Austrian government replied, protesting
that it would maintain a strictly defensive attitude.
France accepted these explanations, and the result
was a mutual understanding, according to which
Austria undertakes that should Italy attack Ve-
netia independently of France, Austria will not
secure for herself any of the eventual results of
victory without the diplomatic intervention of
France."

AUSTRIA.
VIENNA, MAT 4, EVENING.

Prussia is said to have declined all negotiation
on the definitive solution of the question of the
Duchies on the basis proposed by Austria.
An official notification in reference to the issue
of the proposed government currency is shortly
expected. Paper money will not be issued by the
government itself, but by the National Bank of
Austria, who will issue notes of 1 and 5
florins, to the amount of 110 millions.
This amount will be placed to the account of the
government, the latter reserving themselves the
right to order the issue of 40 millions of florins.

THE ITALIAN PARLIAMENT.

FLORENCE, MAT 5.

In yesterday evening's sitting of the Chamber of
Deputies Signor Avitabile addressed the Minister
of Finance upon the subject of the decree ordering
the forced bank note currency. He censured this
measure as injurious to the interests of the bank of
Naples and other Italian banks. Signor Scialoja, in
reply, fully explained the motives of the govern-
ment for issuing the decree, and stated that the
measure was the best that could be taken under
present circumstances. Signor Scoti made some
observations relative to the effect of the decree on
the Bank of Tuscany, which he believed would be
injured thereby.
The Chamber finally passed to the order of the
day.

CALCUTTA, CHINA, AND AUSTRALIAN
MAILS.

SUEZ, MAT 3.
The Bengal anchored at 1 p.m. this day.

EXPRESS FROM PARIS.

(ram' ova ows coaaasrovrozar.)

PARIS. FRIDAY Emma°.
The Arenir National contains the following as
" latest news" :
We are assured that Saxony has informed the cabinet of
Vienna that a speedy Prussian invasion is expected at
Dresden, and that Saxony reckons upon the prompt sup-
port of Austria. It is further announced that the Italian
government, in reply to the English despatch which des-
cribes its attitude towards Austria as aggressive, recrimi-
nates upm Austria, and refuses to make any promises
as to its future conduct. The Italian note says,
in substance :—" We are in a situation which
is unendurable, and it may well be that we shall be forced
to go forward. The military expenses which the Austrian
preparations force us to incur cannot go on long without
bringing us to bankruptcy ; rather than this sad es
treenity, we would prefer • glorious issue, no matter how
perilous." A Prussian general who has long lived in St.
Petersburg, as a military attache to his embassy, has sud-
denly left for Berlin. His departure has provoked much
remark as confirmatory of the opinion that Russia will
play an active part in the coming conflict.

The A centr National goes on to say that at the
last moment it has received a despatch, stating
that the Prussian army was advancing by " long
day's marches " upon Saxony. There must be
some mistake here, because the Prussian army
several days ago was echeloned on a line
not " days," but only " hours " distant.
from the Saxon frontier. A further statement of