The Sun.
London, England, 1863-01-13 00:00:00

INDIA, CHINA, AND AUSTRALIA.

We have received, in anticipation of the mail, files
of papers from Calcutta to the Bth December,
Hongkong Ist December, Melbourne 25th Novem-
ber, and Sydney 21st November.
We take the following from the Calcutta English-
man of the Bth December
"So short a time having elapsed since our last
mail left, but few remarks can be made with regard
to our markets here, though for importers of piece
gdods there is some hope of business springing up
ere long.

Money is daily getting scarcer, but Sir Charles
Wood's determination to draw on the Indian Trea-
suries to the extent of half a million monthly may,
and doubtless will, have the effect of cheapening
money far below the rates expected from the state
of business in Calcutta. _ _ _

We take the following from the Overland China
Mail of the Ist of December :

"In Japan, the departure from Jeddo of the
Daimios and their families still goes on. Conse-
quent upon the breaking up of so many sumptuous
establishments, large quantities of valuables and
curiosities are being sold in the capital, and the
houses themselves taken down.

"With regard to the rebels we have to record as
engagement at Pao-kong, a large village about 12
miles north-east of Tsing-poo, on the road between
that city and Kah-ding. Colonel Burgevine (Ward's
successor), having been informed that a large force
of rebels was encamped in that direction, proceeded
with a force of 1,000 of his drilled Chinese, on the
12th ult., to look out for the enemy. On reaching
Pan-Kong, it was found that about 10,000 Taepings
had entrenched themselves strongly in a camp of
15 stockades. Nothing was done on that day, but
on the following day four guns and two mortars
were put in position, and the place was gallantly
carried after an hour's firing. The storming party
was led by a brave young Chinese officer named
Wong-es-poo, to whom Admiral Hope had pre•
sented a sword for gallantry. This young soldier,
however, was mortally wounded. The Taeping
Chief, 1,% 0-wang, was also killed after he had rallied
his men several times. The rebel loss is set down
at 2,300 killed, and that of Colonel Burgevine
at five killed and 15 wounded. This looks like ex-
aggeration. An English surgeon attended to the
wounded men. This is the most effective display
that has yet been made by unassisted Chinese troops,
and it confirms the opinion expressed by almost
every English officer who served in the North dur-
ing the campaign of 1860, that, under proper train-
ing, the Chinese would make most efficient soldiers.
The Melbourne papers do not contain any news
of particular interest.

FRANCE.
PARIS, JAN. 12.
The Pays rrentions an incident that took place
at the reception at the Tuileries on the 2d inst. In
the course of the evening the Emperor expressed to
the Minister of the United States his regret at the
existence of the American war. He went further
than this, and stated it to be his conviction that it
was a war without issue.

The same journal calls attention to the distress
of the workmen of Rouen, and makes an earnest
appeal to the charity of France in their behalf. It
suggests various plans that should be adopted in
order that better times may come to these distressed
artisans.

By an imperial decision, General Morris, Com-
mander of the Cavalry division of the Imperial
Guard, has been appointed Commander of the
Regular Cavalry in Algeria. General Ferag is ap-
pointed t o the command of the Cavalry of the Im-
perial Guard.
It is said that the Minister of Justice intends to
send a circular to the various magistrates, in order
to introduce the improvements already enacted in
Paris, for the purpose of removing the inconve-
niences that result from precautionary detention.
Official papers distributed to-day amongst the
Deputies contain a review of the foreign policy of
the Empire, from which the following are ex-
tracts :

" Italy remains the object of our solicitude. The
recognition of the Italian kingdom by Prussia and
Russia has given moral force to the Cabinet of Turin
at home and abroad, in addition to the means of
resisting ill considered impulses and to freedom from
the fluEnee of extreme parties. Italy now possesses
official relations with four great Powers. If the
attitude of Austria remains execptional, we continue
to receive assurances from that Power based upon
moderatiort and wisdom. The Government of the
Emperor is aware that it cannot hope the Peninsula
will obtain a definitive organisati.,n based upon
durable peace as long as disunion separates the
Papacy from Italy. The Emperor is not unminiful
of the agitation wh;ch this antagonism occasions to
consciences, and has upon several occasions pointed
out the necessity of terminating this difference.
" The resistance of one party and
the exigencies
of the other have demonstrated how much the public
mind is wanting in the composure indispensable
for agreeing Equitably upon the canditions of
reconciliation.

"Desirous to maintain the same line of policy as
hitherto! the Emperor has thought it advistOic t 9

call around him men who have not participated in
the previous discussions of the quest ion, and who
are, consequently, more favourably situated for
assuming the task of conciliation, of which the
Emperor's letter of the 28th May defined the bases.
" These intentions of his Majesty have been ap-
preciated in Italy, and the Government has the
satisfaction of being able to point to the compara-
tive calm which has succeeded the agitation in the
Peninsula for which the Rcman question formed
the pretext.
"Whilst the new Italian Ministry has abstained
from making promises which could not be realised,
the Pontifical Government has recognised the op-
portunity of granting those improvements in inter-
nal administration. which have been advised by the
Emperor. Assurances of the good intentions of the
Holy Father have been received, and the Emperor's
Government has reason to believe that judicial
reforms will not fail to be granted in those provinces
which have remained under the sovereignty of the
Pope."

The review of the Imperial policy enters next
into an explanation of the Greek question, which
is discussed in accordance with the policy laid down
in the recent circular of M. Drouyn de Lhuys.
Mention is then made of the new arrangement
which has been concluded between the Porte and
Servia, by which the thorough execution of the
Firman of 1830 is considered to be secured.

Respecting the Montenegrin question, the Go-
vernment of the Emperor did not think that the
proposed settlement answered sufficiently to the
declaration of Turkey, and was of opinion that no
territorial or administrative change had been
effected. France has maintained the right of the
Powers to examine, in common with the Ministers
of the Sultan, the clauses of the convention im-
posed on the Montenegrins. The Government of
the Emperor has advised the Porte to renounce its
right of establishing a military road through Mon-
tenegrin territory, which, far from assuring the
maintenance of tranquillity in the Turkish Empire,
would rather afford new pretexts for insurrection
and war.

France, Russia, and Turkey have signed a con-
vention for the reconstruction of the cupola of the
Church of the Holy Sepulchre.
With respect to the subject of mediation in
America, the review states that it has been post-
poned in consequence of the refusal of England
and Russia to join in the project, and continues :

"The Emperor has not refrained from acquaint-
ing the Cabinet of Washington that his Govern-
ment is still ready to mediate, provided the
American Government desires that Fiance should
facilitate the task of peace, either alone or collec-
tively, in whatever form may be pointed out to
her.

" The Mexican question has entered an entirely
military phase, of which it will be requisite to
await the issue. The Government of the Emperor
confines itself to expressing its confidence that the
expedition will soon terminate gloriously for our
flag. The moment is not far distant when the suc-
cess of our arms will secure the interests which have
led our troops to Mexico, and those permanent gua-
rantees which we have so long demanded.
" The Government of the Emperor has also every
confidence that our army and commerce will gain
important advantages from the recent acquisition
of territory in Cochin China, which wii.l powerfully
contribute to the extension of our relations with the
extreme East."

BOURSE, Jan. 12.—The market has not been
very animated. Threes, for the Account, at the
commencement of business showed a slight decline,
but they have since again rallied, and are now at
70f. 45c., as at the close on Saturday. The Railway
Share Market has been quiet, and up to the present
time with but trifling variations. The market
again retrograded towards the close on a report
that the rate of discount was about to be increased
both here and in London. Business closed as
follows
4t per Cents 9B 20
Do. end month —
3 per Cents
Do. end month 7O 20
New 3 per Cents
Do. end.month

Bank Shares 3400
Credit Poneier 1465
Piedmontese Fives
Italian Loan 69 95
Russian
Austrian
Spanish Threes 52
Rome Debt

Credit Mobilier:...ll4s
Do. end month...JlM

RAILWAYS.

Cash. Account.
Orleans lOB5 .. 1082 50
Northern ....
New ditto
Lyons and Mediterranean 1182 50 .. 1182 60
Geneva.. 370 .. 372 50
Southern Bl6 25 .. 815
Western
Eastern ....
Sardinian
Austrian
Lombard
North of Spain
Saragossa.. 665 .. 660
Ditto to Barcelona