The Express.
London, England, 1850-12-24 00:00:00

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• MADRID, Dee 17.
The ministerial btelgst kg the forthcoming ye or is
one of the mast plausible dipeatnente of the kind ever
presented to a parliament, the calculations being
grouped in such a manner as to d. cave those who
give but a superficial glance at it. The minister has ,
transported twenty-one millions of reels that ought to
be under the head of estimates of expenditure, to the
estimate of revenue, where they are set down es re-
productive expenses of the revenue. The deceit con-
sists in the presupposition that there will be a greater
amount Of receipts in varionsbranches of the revenue,
and therefore the expenses of collecting them will be
greater. In the same manner, to make the public
believe that the ordinary estimates are leas than the
present year, the minister has set down several im-
portant items of them in the extraordinary estimates.
The minister proposes the following expenditure :
Rs.
Ordinary estimates expenditure
Extraordinary
Reproductive expenditure
In this estimate but 30 millims of deficit is
reckoned, whereas the deficit is much greater, accord-
ing to the rert of the minister, whupposes that
the follow gnums will be realised in 1851, ►and which
belong to 1830, vie. :

Rs.
overdue for 1850
Surplus of the colonial taxes
Warehoused quicksilver which the government
curium sell till 1852, when the contract with
Rothschild is concluded

124,891:493

Besides these sums, which the government will be
obliged to cover in loans or floating debt, the state-
ment of expenditure does not comprehend different
obligations, which are as follows :
A month's pay to the employes, two to those on the
passive list. eight to those who receive salaries in
arrear, Lix to those who receive by direct inheritance,
and ten to those who receive by indirect inheritance.
The minister proposes to leave these unpaid; they
amount to 80,000,000,and this he calls makir g &saving!
In the same situation he leaves the holders of the
floating debt of four and five per cent. who are not
offered the dividend, amounting to 100,000,000 re.;
so that the unpaid obligations amount to 180,000,000
re. Nor does the minister take into account the
13,000,000 reale spent in dishonoured drafts and ne-
gotiations of the floating debt of 1850.
The true estimates are therefore as follows :
1,441.839,623

Expenditure
Expenditure due for the obligations of
1860, unpaid because certain items of
revenue have not been got in
Ezpinditure unpaid because it consti-
tutes debt 180,000,000
Expenditure for dishonoured bills of*,
floating debt 13,000,000

1,759,731.116
That is to say, the administration of the Narvaez
cabinet has raised the Spanish estimates from 900
millions of reale, as they were in 1843 (without
counting the interests of the Four and Five per
Cents.), to 1,659 millions (without counting the
above-mentioned interest). In exchange for this enor-
mous expenditure the Minister calculates upon 1,238
millions of reale of revenue (from which we mast sub-
tract at loud 50 millions overcalcidated), so that the de-
ficit for 1851 will be 500 millions reels ; of which 180
millions will not be paid, 133 millions will be paid in
floating debt bills with the authorisation of the cham-
bers, and 137 millions in the same manner by simple
ministerial decree. Such is the effect of seven years
of moderado government, a government which com-
promises the nation abroad and cripples the resources
of the country at home.