The Sun.
London, England, 1865-05-01 00:00:00

GREAT BRITAIN AND AUSTRIA.

The following is the memorandum presented ~t:
the International Commission at Vienna by
2
Right Hon. William Hutt at its opening on the 2
of April, 1865, translated from the Neue Freie Pry
of Vienna :-- f
"At the time when Great Britain, convince" of
the soundness of a free trade policy, first threw °Pei
her ports and markets to the unrestricted access
the world, there were persons who imagined til
ce
among the countries likely to profit by the 631)1' Thep
Austria would not be the least conspicuous.
argued that as no factitious obstacle would now „
Pre-
vent the free importation of Austrian productin-ci
into England, and that as both in raw materials an
in various kinds of manufactures Austria could le 0
ply the English demand on favourable terms, tic,
vital principle of trade which disposes every one .
buy in the cheapest market must here vindicate
es
influence, and, consequently, that large purrs,
on English account must soon be made in the bl3"-:
trian dominions.
indeed,expectation
subject.
d on
g a
founded
uh
na
The has beene
htariff
high
i wholly t d
wasit‘‘T f
his
o the not,
Austria
rendered the realisation of this theory hopelessly
impracticable, and so it must always be betwee;
tho disrouoagfPhP°Cl°e'f'
ledge :
two countries similarly circumstanced. Between of
two countries Whatever, where the markets do nco
offer great inequality of prices, can any large trg.
be created, if high tariff duties in one of them ob-
structs the course of importation from the other•,
" In the commercial relations between Greati,Bri
tain and France up to the year 1860 we have a strnu;
illustration of the pernicious operation of this oiler
sided policy, and, what is fortunate, we have e„v,
since that period the happy results of the opP°s"-1:t
" The working of the new systems is thus brou7e.
in presence of each other, and the contrast is cornPle
Previous to 1860—that is, previous to the rneraer3bie.na
treaty between France and England, notwithstal;
the free access which France enjoyed to the Engboso
market, the commercial intercourse between t'heit
neighbouring countries was quite inadequate t° t .her
commercial capacities. In 1860 France revised
tariff, and an instantaneous change took Place re
her trade with England. That trade is now rnt°bo
than double of what it was then, and is by far.w..tii
most important trade which France carries °n
any State in Europe. The reason of all this is very
simple, and may be made very intelligible.
instance, suppose that immediately after the refn
of the English tariff a London merchant, tempted
by the price of certain Austrian commoditi, :0r
templated laying out £l,OOO in purchasing then'
the English market, his profit on this simple tract
saction saction would be obvious to him at a glance' ;
i 0
when he came to the consideration of the next sta,to
of his business, the profit to be realised bYw,n
importation of an equivalent of English goods 00;
Austria, he would find himself perplexed in die
treme. He would consult the letters of his Austriann
correspondent and the Austrian price currents tO
'
purpose. No commodity capable of yielding Inii
'
n
profit by importation into Austria would be •.°u s
on
The penalty imposed by Austrian custom-houses ut
all kinds of importation would leave him Nvitb°-
any margin for gain in the market. He would co
out
sequently decline the Austrian trade, and 100 k o
for another in which his capital would be more Pro-
ductively employed.
oees°
" It is by the general operation of this Pill by
that Austria, a country so abundantly blessed
Providence, is left without any trade and wirov eo.
Customs' revenue—at least, without any comec in
surate with her immense resources, her excellen
manufacturing industry, the extent of .her lot
t
or the magnitude of her population ; an „a-
while the commodities of England, France, 5;011.
land, Belgium, and even Prussia are eagerly Sono
of
for in every part of the world, the prodne"nd
the
this noble country are little heard of her
precincts of her own markets. strong
" It is evident from the preceding obser
creoc
that all which Austria has to do in order to inrichest
her commercial relations with England, the • t°
and most commercial country in the world,
con.
reduce her tariff. She may do so at her ovrher
venience, and in the measure adapted to • ap
interests ; but, if she will only do it suftitello her
there can be no doubt of the beneficial result
d cr con"
finances, to her industry, to the welfare an edit
lic
tentment of her population, and to the pub
of the empire. Alist°
" It is often said that it is the interest °f
to negotiate commercial treaty wit • h Fox'
Austrian
other countries imposing high duties on
because
productions, rather than with England' for
England has nothing to give Austria in rft_ coin-
her reductions of duty. If the object or a
be Piero
inertial treaty is commerce, no assertion can n
_doco
erroneous. If Austria could by negotiatio
nd
ereu
France, for instance, to give her all
he that El3l her
has given, unless simultaneously s low
sileces' no
't
own tariff, she would obtain by such doubt,
commercial improvement whatever. 'N
her
ncrease
concerns the best interests of Austria to lwealthYt s°
commercial relations with a country so , ohoos-
skilful, and so industrious as France; but in re.
securing intern 0 •
membered that the means for securi cos ,
in the one ing between France and England it is t° `-'°. -a
trade are simple, easy, and direct ta-
disPn
tious in the other. In the one succe% rho
while they must be tedious, precarious, an; i„,,ends
almost exclusively on the will of Austri, •
r-1-_;tge..
difficult arrange'
other it depends on an agreement of
ment between Austria and France.

A

BRITISH FUNDS—CLOSING PRICES.
SATURDAY.
GOVERNMENT FUNDS.
91 90f
8 Der Cent. Consols
90-k 1
Do. Account, May 9
88 1 9
6 Per Cent. Reduced
New 3
per Cent
884 i 92i per Cent. Jan. 1894 —
D 0.5 per Cent. Jan. 1873 — Annuities, 30 yrs, expire sth Jan., 1880
Do . for 30 yrs, expire sth April, 1885 —
Do.
(.11d Sea Telegraph), Aug., 1908 - 7
-
40hequer Bills, £l,OOO, 4 per Centpm
6.. Do. £5OO —
Do. £lOO and £2OO —
Bank of England Stock, 5-} per Cent
_242
D 0 Account
INDIAN GOVERNMENT SECURITIES. _
Indian Stock, lei per Cent., April 1874 217
Do Account
Do. 5 per Cent. July, 1870
Do. Account
Do. 4 per Cent., Oct. 1888
Do. Certificates
Do. Enlaced Paper 4 per Cent
._._.
Do. 5 per Cent., Jan.__ 1872
May 1879 Do. 51 per Cent., M
Do. 4 per Cent., Aug.a 1866
Do. Bonds, £l,OOO
Do. under £l,OOO
FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 5 per Cent .................
Brazilian 5 per Cent .
Do. Loper Cent., 1852-58-60
. 1863
Buenos Ayres 6 per Cent —
.
Do I per Cent. (Deferred 3 per Ceut ) _
Chilian 6 per Cent lo2i
D 0.4
). per Cent
Colombian 6 per Cent. —
Cuba, 6
per Cent.
Do
Danis 5 per Cent., 1864 • —
Do. Scrip, £55 paid
h 3 per Cent., 1825 _
D
De. 4 per Cent., 1863 _
Danub an o. 6 per Cent., 1773-77, £25 paid —
Principalities
, Do £B6 paid _
•r•luador New Consolidated, 1 per Cent —
.t, O. Provisional Land Warrant
_
g'''Ptian 7 per Cent 961
0 i Second Issue —
,
De £lOO Bonds
, 0 Do.
1864 93./ 1-
4 a
(~ Scrip, £56 paid
Bo Account
r., De. Coupons
muateinala 5 per Cent.
ItalianDo 1839 and 1850
, 5 per Cent (Mareinntana Railway)
vo 1865
, . ..........................
--Lean 3 per Cent. —
Do.
...........................
P.
1864 •
no 6 per Cent. Anglo-French —
Doo
V . , 1 rench 6
Scrip, Ex. 25f 20c —
... utevidean 0
paid
\I-21 eW
°°rish Imperialper 5
per Cent
" Grauada
Do 2 per Cent •
110 Deferred ........................
Be. Land ..,u.
D
plan Warrants (Hectares)
Doeril 41 per C t
3 , en .
Do per Cent. (Uribarren) —
I, 4i Per Cent , 1862
, -.0. Account . : ................... • .
DorttltgliAcecose3 je r 6e .... .....
.. --
P,° a Per ent.. 1i37:t3 ..
;i ..
..
;till .76 i -
t,O . - i ..) 7 7 7 7 1 7
_. Awount .........................
,mall 5 per Went., 1822, X St
•., 7 .7
157°0 421 Per Cent., 1850
De 3 1860
\rl-1,.. , Per Cent., 1859
out) 0 Per Cent., 1862
ardite 1864
i°o 5 per Cent ....................... .
D 0: Account .
Spanish Q
Cent ........................
D •-• per
DOA ccount
481 8
D, I,,l.e___
~.e,e•••••••••••••••••••••••••••••••••••
Do Accowolintf. . rred ...... .
o pas.sive
SAccount .................................. .
~arlish r, ._. .. ................... •
_.
ash kiert• of Coup not funded
Eveonnt
80. 4 4 Per Cent.. .. .
,r,.._, , 1 per Cent. 1864
rush 6 Per Cent. 1854 —
°0 Ai, ccount .......................... .
Do `",
cP:r Cent. 1858
ount ..
1):11c0) 4100 ton.a.l;.
_....
DA6 Per Cent. 862 ................. 73* ,
DO -ce°44t
Do.itioo ton:a; ......................
731 4
no „Per Cent. 1863 •
V 'Uara•ateed, 4Cent —
euezuoi„ , per
. Do.
.&Z ' gel'
Ciant
—Do G Quilt .... ..
bo: Account Pent, 1862 —
Do•
..................
0 per Cent., iiC6l. 4l 1
kttstrial2ivi, dends. on the above payable in London.
BelL.ia...''.°, Per Cent., Ex. 10 Florins
Dil.lCic I,Peer cent., Ex. 25f.
Gull —
Bc,. 4 1-,r ent., Ex. 12 —
loreilo, .ker Cent. Certifi.„,,tes 96
Do.' lintes, 3 per Cent. —
.9t,
~ Account
.1.,,, r
............................
1)---;* Per Cent., 1861, Ex. 25f. °' 4ceellut
._

_ .....
Do .....
Dollec2uni .................
Settlenleni ...

TWO O'CLOCK.
901 91
90 91
91

Liverpool Cotton Market--this Day.

Saturday -..Ket opens very brisk, at the extreme prices of
• Sales probably 10,000 bales.
Itr. Slidell on the Late Assassination,

• The following letter was written by Mr. Slidell,
1,,11 reply to an invitation from the Rev. Archer
‘-turney to attend a funeral service on account of
the death of President Lincoln in the Protestant
church, Paris :

"My dear Sir " Paris, April 28.
greater horror and—No one could have heard with
regret than I the intelligence of
the atrocious crimes perpetrated at Washington.
NO one could repudiate with sterner indignation the
idea that the assassins had received prom p tin g or
e4euuragement from friends of the
e.,,411.1e. Perhaps no two
promi Confederate
nent persons of the
Feral Government could have been selected
Who excited in a less degree feelings of personal
" his
4tility and vindictiveness than President Lincoln
It Secretary of State. lam much obliged
assist at the
° you for inviting me and
my family to
to hold to-morrow at your solemn service which you propose
chapel, and could we be
present
to manifest simply the feelings which I have
Y expressed we would not hesitate to kneel
rmi.tll3r°ll in prayer for the souls of the victims. But
,3,ection will I am sure, satisfy you that our pre-
t'nee on the melancholy occasion would be subject
:11 various and unnatural misconstructions, received
the part of some as a hypocritical display of re-
ft,et We did
led not feel, by others as a virtual acknow-
fetigillent of the injustice of the cause in the de-
amee of which so many noble martyrs have fallen,
of as a tacitly implied acquiescence in the course
to. policy
power J Pursued by Mr. Lincoln since his accession
pleasure on the 4th of March, 1861. I will take
,oasure i,
-4 compliance with your request, to let any
il`-; ofederate friends whom I see to-day know of the
tkilded ceremony.—Believe me, very sincerely,
Your •
frlend and servant,

" JOHN SLIDELL."
11444. LASVESsrirtE•—•This distinguished tenor, who
%,1,, be singing at the Oxford Music Hall for
tie time back, with the greatest possible eclut, will conk,-
' slid e '4B
engagement in the course of the present wee
, rettu; _
.•0. believe, to the Theatre Lyrique, Paris,
ivasvlch theatre he left when he came over to England.e Mx_
Peiminaiere, by his fine, impassioned stlye and genuhinowe
to
sit%., '.4), has really taught our phlegmatic artists
411 d his a reaching absence is to be regretted.
TRE S DP
.°I. anci,„,ALE OF THE DUKE DE MORNY'S GALLERY
°lst, and-- a" modern paintings will take place on May
Q 1441 three following days, at his late official residence.
hooksites tree following
be obtained at the London and foreign
fellers,

' \ ~

,_,