The Sun.
London, England, 1855-11-22 00:00:00

THE SARDIIVIAN PARLIAMENT.

TURIN, Nov. 17.—1 n the sitting of Parliament
to-day Couut Cavour made his financial statement.
Founding his calculations on the results of former
years, which he quoted, he showed that between
1853 and 1854 there had been a diminution of
7,156,270 f. 90c. in the expenditure. The estimated
revenue for 1854 had been 125,061,000 f. 59c.,
which was reduced by the Chamber, in consequence
of the alteration of the tariff, to 122,163,1601. 94c.
This was afterwards raised to 123,922,568 f. 92c.,
and the result proved it to be 126,631,0391. 89c.
The ordinary expenditure to be incurred up to the
Ist of October, 1855, was 175,625,502 f., and the in-
come realised up to the same time proved to be
155,302,857 f. 30c. ; but the total deficit, after
calculating certain sums not employed and
expiring annuities, would not
.be more than
6,180,199 f. 52c.
The presumed revenue for 1856 is 180,542;000f.,
and the estimated expenditure for ordinary pur-
poses 139,157,000 f., giving an apparent excess of
expenditure over income of 8,615,000 f. ; but, owing
to expiring annuities on the French loans, &c., the
presumed deficit was 4,000,000 f. In consequence
of the war, however, this deficit must be very much
increased. Up to the Ist of January 31,000,0001.
will have been expended on account of the war,
and the expenses for the next year are calculated
at 43,500,000 f. • " Large sums, as the Minister
said, " but not too much, considering the cholera,
the loss of the Croesus, and the fact that supplying
an army in a distant country which affords no sup-
pert whatever is an unproved problem. To meet
this war expenditure there is the English loan of
59,000,0001., which still leaves 18,500,0001. to be
provided for, and to this must be added the deficit
of 1855 of 6,180,000 f., and of 1856, calculated at
4,000,0001., making altogether 28,680,000 f., which
cannot be supplied by taxation, and must, there-
fore, be made up by a loan •, he proposes, there-
fore, to extend the issue of Exchequer Bills to the
amount of 30,000,0001., in order to meet current
demands, and to make a uew loan for 30,000,000 f.
A commission was then named by the House to
report on the measure ; and, as it must be dis-
cussed also in the Bureaux, it will not come on for
general discussion probably before the latter part
of next month.

On M. Boncompagni resuming his seat as Presi-
dent of the Chamber yesterday, he made the fol-
lowing speech :
Honourable Colleagues,—ln returning to this seat,
two sentiments occupy my mind—that of gratitude for
the honour three times conferred upon me, and the
heavy duties thereby imposed. Words cannot explain
my gratitude, nor do I delude myself as to my own defi-
ciency, which can only be compensated by your kind-
ness. In assuming this office, and at the commencement
of our mutual labours, lam comforted by confidence in
the concord by which nearly ail in this Assembly, this
Parliament, this nation, aro animated—a love of free
institutions, which combines the spirit of progress
and modern civilisation—devotion to the Constitutional
Monarchy of Savoy, whose destinies are irrevocably
bound with those of Italy. The unanimity and
concord on these subjects will overcome all difficulties
inherent in the Government of States which, fur the
moment, perhaps, appear of greater consequence, when
the whole people look with anxiety to the future, when
we must submit to the sacrifices which the wisdom of
your deliberations may render less burdensome, but from
which no human power can exempt us. Happy are we,
however, to have, among so many difficulties, preserved
intact, thanks to the loyalty of the Prince and the tem-
perance of the nation, those Parliamentary institutions
which render business sure, and hold in indissoluble con-
cord the majesty of the Crown and the liberty of the
people. Happy are we in having preserved that flag, the
symbol of librrty and independence, which, while it
floats in the hall in which the Parliament of the nation
is assembled, is unfurled also on the fields of battle where
the fate of European civilisation is contended for, and
where the valour of our army has surrounded it with a
glory that the country hails as an augury of grand, pros-
perous, and glorious destinies."