The Sun.
London, England, 1865-01-11 00:00:00

rHE SUN, LONDON, WEDNESDAY EVENING, JANUARY 11, 1865.

to nearly 145,000,000 f., and in expenditure to 144,500,000 f.,
thus leaving a surplusiof about 500,000 f.
" The resources of this Budget consists of,-
1. The sum of ... 18,000,000
(of which I have already spoken, and which
forms the surplus of revenue of the Antici-
patory Budget of 1865.)
2. ... _ ... 90,000,000

(Arising from the Sinking Fund.)
3. About 29,000,00
(Being the amount of the indemnity to be
received from Mexico, China, and Cochin-
China.)
4. - - 7,500,000

•.• 0.1 0.0 •••
Arising from divers sources, which are de-
tailed in the draught of the Budget.)
"„The principal itims of expenditure are :
" FOR THE MINISTRY OF PUBLIC WORKS.
Subvention and annuities to the

railway companies ... ... 22,200,000
Guarantee of interest to the •

company ... ... ... 31,000,000
Railway works executed by the

State 5,400,000
Works for bridges and road ... 38,800,000

For the Ministry of Marine destined for the
continuation of the works for the transfor-
mation of the fleet ••• •••
3 All the other Ministries and the Govern-
ment of Algeria obtain credits at least equal
to those which were accorded them last
year; these credits amount together to
about ...

97,400,000

... 12,500,000

... ... 34,000,000

"FLOATING DEBT.

" It remains for me to make known to your Majesty the
state of the Floating Debt.
"As I said at the beginning, the total of our deficits to
the end of the Budget of 1863 amounts to 660,000,000. The
floating debt will be momentarily larger than this sum.
The differences arises:-
1. From the balance of ... ... ... 15,000,000

(which we have to receive on the loan).
2. From the delay in the levy of the duties
on sugar, to the amount of .„
3. From the non-realization of the Mexican
Bonds, for
4. From the advances made by the Treasury,
in virtue of divers laws for the Greek Loan,
the loans to industry, steamboat companies,
&c. These advances exceed the disposable

... 50,000,000

... 54,000,000

funds of the securities by about ... 30,000,000
" There must be added to these causes of the increase of
the floating debt the necessity in which we are placed of
keeping up cash in hand for several points—in Mexico,
Cochin-China, the colonies, Algeria, and Rome.
" The amount of the floating debt on Jan. 1, 1864, was
936,000,000; on Jan. 1 of this year it was only 808,000,000,
of which 721,000,000 bore interest.
"The cash in hand of the Treasury, which was 39,000,000
at the commencement of last year, amounts to 107,000,000
on Jan. 1, 1865.
"The Treasury Bonds on the Ist Jan., 1864, reached
the figure of 307,000,000; they had decreased this year to
208,000,000.

" The law of June 8, 1864, limited, from Ist December
last, the issue of these bonds to 200,000,000, exclusive of
the 40,000,000 authorised for loans to industry. By the end
of October the Treasury had returned within this limit.
" Notwithstanding the exceptional rise in the rates of in-
terest, it has been possible to maintain since the month of
April last the rate of the Bonds at 4 per cent. for those fall-
ing due in from three to five months, and at 41 per cent.
for those falling due in from six months to one year.
" I do not render an account here to your Majesty of
some administrative measures adopted during the course of
the year in several financial departments. These details
will be found in the statements of the situation of the
Empire. I will confine myself to recalling to the Emperor
that he was good enough to authorise me to present the
draught of a law relative to the amendment of the rentes
belonging to the Sinking Fund. This measure, justified
by several precedents, will free the Budget from a sum of
more than 67,000,000, which, borne at the same time as
revenue and expenditure, fictitiously increased the amount
of the Budget.
" This statement may be summarised thus :
" The year
_1863 will leave a deficit less by 15,000,000

than had been anticipated; the Budget of the year 1864 will
probably balance itself ; in 1865 our military expenditure
will be reduced—for the Army, by 21,000,000; for the
Navy, by 23,000,000 ; together 44,000,000—and lastly, we
shall carry forward to the Budget of 1866 the sum of
18,000,000 arising from the surplus or the resources of 1865.
This sum may be notably increased at an early future, if,
as is permitted to hope, the extraordinary expenses for the
Army and Navy, which still figure in the Anticipatory
Budget for 1865 to the amount of 65,000,000, shall succes-
sively decrease, and at least disappear. There will then be
considerable resources, the employment of which will be
ulteriorly determined.
" The situation, generally speaking, presents a favour-
able aspect. The monetary embarrassments have disap-
peared, a recovery of business seems near, and our revenues
cannot fail to increase with the activity of commerce and

industry.
" These happy results are due to the confidence inspired
by the Government of the Emperor and to the pacific senti-
ments with which Europe knows your Majesty is animated.
" I am, with respect, Sire, your Majesty's most humble
and most devoted servant, " Actilux FouLD.
" Paris, Jan. 9."

A Canadian judge on the Confederate
Raiders,

The winter assizes at Toronto opened on the
22d December. Mr. Justice Morrison, in his charge
to the grand jury, said--
I regret to find that, notwithstanding the severe punish-
ment which in several instances has been inflicted upon
persons convicted of breaches of the Foreign Enlistment
Act, there are some cases for trial at these assizes. I fear
that the high bounties which are paid upon, enlistment in
the forces of the United States tempt evil-disposed persons,
from mercenary motives, to solicit and persuade men to en-
list, holding out the assurance to their dupes, and engaging
that they will take steps, after the receipt of the bounty,
to secure with safety their desertion, thus committing a
breach of our laws, perjury, and defrauding the American
Government. Such has been the character of the cases
that have come under my notice. As to the law itself, it is
so comprehensive in its terms that it is almost. impossible
to evade it. Any retaining, engaging, or procuring, or
attempt to engage, hire, or procure any person to enlist,
or be employed in theland or sea service of a foreign State,
is within its provision. The consideration of this offence
leads me to make a few :remarks upon another breach of
international law which, with the events that are passing
around us at the present time, excites much anxiety and
interest in the minds of our people. We are all aware
that the unhappy civil war which exists in the United
States has caused many persons to seek a refuge within our
boundaries, either as escaped prisoners of war, or enemies
of the United States,or being disaffected against its Govern-
ment. So long as these persons remain here peaceable re-
sidents of the province,• obeying and respecting our laws,
and abstaining from attempts dangerous to the peace of the
country, so long are they entitled to an asylum and protec-
tion ; but chould theY abuse the asylum and hospitality
afforded them, either by plotting within our borders enter-
prises against the persons and property of the people of the
United States or its Government, or associating themselves
with a view to hostile incursions from our province into
the United States, or acting in conjunction with enemies
or disaffected persons of that nation residing or being with-
in its territory, for the purpose of committing depredations
or hostile acts therein, they forfeit all right to protection.
The Queen, by herroyal protection, has commanded all her
subjects to maintain a strict neutrality in the contest be-
tween the contending parties ; and by the same proclama-
tion she has warned all otherparties entitled to her protec-
tion who shall presume, in contempt of her commands, to
misconduct themselves, that they do so at their peril,
and that they will in no wise obtain any protec-
tion against any liabilities or' penal consequences. The
circumstance that this portion of her Majesty's dominions
lies conterminous with those of the United States ren-
ders it still more incumbent upon our people to abstain
from all acts in the least degree inconsistent with neutrality,
or the law of nations, or our duty as a neighbouring nation
to the United States. It is our further duty to discourage
and to prevent, by every means within our power, every
attempt at a violation of neutrality, by the conversion of
any part of our soil or territory into a rendezvous where
raids may be securely concocted against a friendly nation,
and from whence persons engaged in such criminal enter-
prises may emerge, and to which theylmay return for protec-
tion. Such being the duty of our own people, how much
more is it the imperative duty of refugees and others who
seek an asylum in our country to conform themselves strictly
to our laws, and obey the commands of our Sovereign.
We have every reason to believe that the good sense of our
people—that the respect which they have for the laws, and
regard for the honour, reputation, and peace of the country,
will prevent the commission of any act tending to make us
obnoxious to the charge of disregarding the proclamation
of her Majesty, or the stain of violating faith towards the
United States, a nation with whose prosperity our own is
so intimately blended, and with whom it is our interest to
cultivate the most friendly relations. It has unfortunately
happened that near to our eastern and western frontier out-
rages have taken place alleged-to have been planned and
committed by persons under our protection. Several of
the persons engaged have been arrested upon the requisi-
tion of the authorities of the United States, under the Ash-
burton treaty and the laws of our province, with a view to
their extradition, being charged with the commission of
crimes within that treaty. The case of one of those pri-
soners is still pending before the Recorder of the city. The
others were recently discharged from custody, under cir-
cumstances and in a manner, to say the least, very extra-
ordinary and most precipitate, and which have given rise
to very painful and grave observations. Since
then, however, fresh warrants have been issued
for the re-arrest of the parties, and rewards for their
capture offered by the executive. I may here remark that
it has been contended, on the part of those prisonars, that