The Sun.
London, England, 1865-03-18 00:00:00

SEPTEMBER.

_

THE ITALIAN BUDGET.,

[REUTER'S-EXPRESS.]

TURIN, March 14.
Signor Sella made his fianancial statement to-day,
which has been awaited with so much impatence for
several weeks. The first part of his speech was
devoted to explaining the causes of the errors
hitherto perceptible in the various estimates laid
before Parliament. The Italian Budget is the result
of seven different budgets, each drawn up in a
different way, and it is not therefore surprising that
a period of five years has been requisite to reduce
such a chaotic mass to order.

Signor Sella's intention was clearly to defend
Minghetti against the passionate attacks made upon
him for some time past. Although the criticisms
upon that statesman's financial policy are not
altogether devoid of foundation, it is certain that
they have been much aggravated by party spirit.
By defending his predecessor Signor Sella not only
acted generously, but gave proof of some skill.
A detailed examination of the figures upon which
Signor Sella bases his calculations must be reserved
for a future opportunity. Two items, however,
may be noted. The accumulated deficit at the end
of 1865 will amount to 625 millions of francs, and
will in 1866 be reduced to at most 100 millions.
The Minister stated that next session he should
propose measures which would re-establish equili-
brium. A loan of 425 millions is proposed for the
pay of the army ; this sum, with the produce of the
sale of the railways, will put the Treasury in funds
until the end of 1866.

The measures proposed to increase the revenue
are the augmentation of the tax upon move able
property. This impost has been very productive;
the declaration of the tax payers show a net re-
venue upon this class of property of about one
milliard 200 millions of francs. By raising the tax
to 5 per cent., the produce will be 66 millions.
The Ministry also proposes the abolition of free
ports, the principal of which are Ancona and Leg-
horn, and asks for the revision of the law of re-
gistration. It is thought that by these measures
large sums will accrue to the Treasury. Signor
Sella concluded his statement by withdrawing the
bill upon church property, asking only that con-
vents should be suppressed, and their possessions
turned into money.
The Ministerial proposals have been made a Cabi-
net question. It is most probable the Chamber
will accept them en bloc, with perhaps a few modi-
fications of detail. This will be the last act of the
session.

The Corporation of London and the City

Brokers,

A special Court of Common Council was held
yesterday at Guildhall, the Lord Mayor presiding,
for the purpose of receiving a report from the Law,
Parliamentary, and City Courts Committee upon
the subject of the Brokers' Bonds and Rents Bill,
now before Parliament.

This question is one of considerable importance
both to the Corporation and to the numerous body of
gentlemen acting as brokers in the city of London.
The Corporation receives a very considerable
amount annually for licences and fees from every
gentleman who acts in the capacity of a broker,
and they also claim the right of control over them,
and the power of dismissal for any act of miscon-
duct. In the last session of Parliament, however,
a bill was introduced having for its object to destroy
entirely the rights of the Corporation, and to make
the office of a broker open to every one who might
think proper to exercise it without the payment of
any fees whatever, and, at the same time, also abo-
lishing the right of supervision and control that is
now exercised by the Corporation of London. This
bill was thrown out by the House of Lords ; but
another bill of precisely the same character having
been introduced in the present session, at a recent
meeting of the Court of Common Council the mat-
ter was referred to the Law, Parliamentary, and
City Courts Committee for them to consider the
subject and report what steps, in their opinion,
should be taken to oppose the measure.
Mr. PARKER, the chairman of the Law, Parlia-
mentary, and City Courts Committee, who caught
up the report intimated his opinion that it was not
advisable that the discussion should take place in
public, and strangers were consequently ordered to
withdraw.

A debate then ensued with closed doors, which
occupied more than an hour, when the court ad-
journed. Of course the nature of the discussion was
not allowed to transpire ; but it was stated that there
was some intention of endeavouring to effect a corn-
promise with the promoters of the bill, which would
have the effect of preserving to a considerable extent
the rights and privileges of the Corporation, and at
the same time meet the views of the promoters of the
measure now under discussion in Parliament. It was
understood, however, that no decision was arrived
at yesterday by the court, and that the matter
stands over for further sonsideration.

"And then he drew a dial from his poke,
And looking on it with lack lustre eye,
Says very wisely, It is ten o'clock :
Thus we may see,' quoth he, ' how the world wags.'"
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-J. W. Benson, Ludgate-hill, watch and clock maker to
the Prince of Wales.

CONFEDERATES IN CANADA.—The Buffalo Courier
alleges that there has been a general clearing out of
the Confederate coterie which since last summer has been
hovering about the frontier of Canada. It is said that the
parties have returned to the South. The Toronto Globe
states that it is believed Burley will be tried in Ohio, but
only on the charge on which he was extradited--namely,
robbery, and that if acquitted ho will have a free convoy
out of the United States. President Lincoln has coin-
temnucteedd
to tebsoenhteunngceaosna r
ebearingbveDavis,l
INdoewsTraahstoccuhogenshvfirctotemecdhtnhainec
adrlelsbyeenl
as-
spy, he was, in fact, only
in Canada to Richmond.

FEARFUL ACCIDENT ON THE CEYLON RAILWAY.—
A frightful accident has occurred on the railway
line between Colombo and Ragamme. It appears that a
train of six trucks started from Colombo at about half-past
5 on Saturday evening, carrying four of the engineers
(Manning, Harding, Hodges, and Ingram), an overseer
named De Neys, and 128 coolies, mostly Cingalese. Ingram
resided in a small house near Gonigitotte, about seven miles
from Colombo, and had written in the morning to a native
clerk at Ragamme to bring up some money to Gonegitotto
for the purpose of paying the coolies. Tho clerk came from
Ragammo in a trolly or low truck, which was pushed along
the line by coolies. This trolly was left about 300 or 400
yards on the other side of Ingram's house, where the clerk
was waiting for the train. The train came up about a
quarter to 6 (the engine being at the back of thetr
tain),
but by some mistake passed on, and in a minutesfew.he
first truck struck the trolly, and was sent off the lino.
Tho land on either side of the line consisted of muddy
fields ; and with the exception of Harding, Manning,
Hodges, and De Neys, and 30 or 40 of the coolies, all the
rest of them, including the engineer (Ingram) wore killed.
Most of the trucks were upset into the field, entombing the
poor men who were in them. Harding was on the fourth
truck, and saved himself by literally jumping from truck to
truck, till ho was pitched out in the mud out of the reach
of the upsetting trucks. The sight presented by the broken
trucks and dead bodies was fearful. At the arrival of the
general's party the natives were still busy rescuing the
bodies from under the trucks, many of them in a frightfully
mangled state. Hundreds of women, the Wives, sisters, and
mothers of the dead and wounded coolies, had surrounded
the spot, and were bewailing their misfortune in a piteous
manner. The clerk who had so indiscreetly and almost
criminally left the trolly on thu line had absconded. A war-
rant has been issued against the clerk on a charge of man-
slaughter. The jury returned the following verdict at the
close of the inquest :—" That the deceased persons came to
their death by the upsetting of the train, caused by itsrun-
ning against a trolly used without authority, and negli-
gently left by the clerk Streeramaloo Naido on the railway
line. The jury beg to recommend that the use of trollies
on the completed line be discontinued, except under more
stringent rules, and that telegraphic communication be
opeoed between stations whore the train has begun to run."
—From the Singapore Free Press of Feb. 2.
INDlA.—Private telegrams from Calcutta to the
Bth and Bombay to the 7th and 9th have come to hand.
They acknowledge advices from England to the 4th. At
Calcutta the rate of interest was 12 per cent. ; cotton con-
siderably lower. At Bombay, on the 7th, cotton was quoted
350; the telegram of the 9th states that a panic had occurred
in the bazaar, but that imports were firm ; rate of interest
14 per cent.