The Sun.
London, England, 1862-06-17 00:00:00

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PRICE ..4d.
STAMPED ....sd.

THE CORPORATION OF LONDON AND

THE EXHIBIIIOIY.

It is in contemplation by the corporation of
city of London to give an entertainment in honour
of the International Exhibition on a scale of extra-
ordinary splendour. Yesterday at a preliminary
meeting held at the Mansion Hollso,
.sectwa
mooted before the Lord Mayor, the differente subject
chair-
men of comitte6::, of the Common Council, and the
several ward deputies, who had been specially
con-
vened for its consideration, The proposal was re-
ceived with tifivalified favour, and before separat-
ing they passed an unanlialous resolution to eubruit
it for consideration to a Court of Common Council.
to be forthwith summoned for the purpose. The
festival is intended to be held in Guildhall, which
will be brilliantly decorated, and to equal ;n mag-
nificence that which the Queen graced with her
Royal presence there on a kindred occasion on tne
evening of the 9th of July, 1851, and on which the
corporation expended upwards of £5,000.
The en-
tertainment, which, as at present indicated, voil
consist of a ball, preceded by a concert, will be given
more especially, if not solely, in compliment to tha
foreigners of distinction, visitors to the Exhibition
or officially identified with it. As on the occasion of
1851, the invited guests, numbering, it may be, about
4,000, will probably include some members of the
Royal family, the great officers of State, the foreign
Ambassadors and Ministers, members of the Houses
of Lords and Commons, the judges, the Royal Com-
missioners for the Exhibition, the members of the
corporation, the Masters of the various civic com-
panies, bankers, merchants, and traders, and the re-
presentatives of literary and scientific societies.
The rumour gains ground daily that the Emperor
of the French purposes paying a visit to the Ex-
hibition. In that event it is understood to be in
contemplation to depute a few of the principal mem-
bers of the corporation to proceed to Paris before-
hand to invite his Imperial Majesty to the enter-
tainment, and to name a day for holding it which
would suit his Majesty's convenience. Last evening
a special Court of Common Council was convened
for Thursday next, when a motion, of which notice
has been given, will be submivted for consideration,
having for its object to obtain the sanction of the
Court to a munificent grant of money from the cor-
porate funds, to be expended on a festival which
shall be worthy alike of the great international
gathering and of the ancient renown for hospitality
and public spirit of the corporation of London.

THE PRUSSSAN BUDGET.

The bill to be presented to the Chamber for settling
the budget for 1862 is very short, and consists but
of two articles. The first fixes the receipts at
136,523,411 thalers (something more than
£20,000,000 sterling), and the expenditure at
133,217,292 ordinary expenses, and 6,691,119 ex-
traordinary expenses, making together 139,908,411.
The second article authorises the extraction from
the State Treasury of the sum of 3,385,000 thalers
to cover the deficiency. The budget itself is now
printed and distributed. In performance of the
promise of increased detail the heads of expenditure
have been increased from 218 to 537, being 319 more
than before ; heads of revenue only from 95 to 119.
By the usual process of taking the average of the
three previous years, it has been found possible to
augment the estimates of income, showing an in-
crease of 1,170,000 over 1861. The increase of
expenditure in certain departments is put down at
670,000, leaving 600,000 as decrease in the deficit,
compared with that of last year. The extraordinary
budget comprises, as principal items, 1,140,000
for the navy, 1,800,000 army, 2,000,000 commerce
and public works; together, nearly 5,000,000. Small
items in different departments bring it to the
amount stated in the bill, which is reduced by the
surplus of receipts over the ordinary budget
to 3,385,600. This it is proposed to meet with the
disposable surplus of 1860, amounting to 3,867,840,
which is deposited in Exchequer, to whicl„ when all
accounts have been revised and the surplus is found,
it must, according to law, be handed. Permission
must be obtained of the Chamber to apply it to the
deficiency of another year. The balance remains to
the Treasury fund—the taats Schatz, as it is here
called. The different items of increase and decrease
in revenue and expenditure would have little in-
terest for your readers. Most of them are of small
amount. Among the largest is an increase of half
a million (L 75,000) on the revenue derived from the
State forests, and one of 726,000 thalers in the direct
taxes. In the indirect taxes there is a falling off of
470,000 thalers. The State domains have been
farmed at a higher rate. The military budget,
which is, at the present time and under present cir-
cumstances, the most important part of the state-
ment, shows, as an ordinary estimate, 37,779,043;
as extraordinary, 1,826,662 ; together, 39,605,705.
Last year it was 40,361,104, of which 5,430,767
were extraordinary. It is to be borne in mind that,
although the taxes already established by law, and
not voted (as was the 25 per cent. supplementary
impost) only for a short fixed period, cannot be re-
fused by the Chamber, the vote of that body is
necessary in order that Government may legally
apply the revenues to the expenses of the country.