The Sun.
London, England, 1847-05-01 00:00:00

RUSSIAN FINANCE.

The substance of the following important ukase of his
Imperial Maj,sty the Autocrat of All the RusAss ap-
peared in our paper of yesterday :

"By command of his Imperial Majesty, the Directing
Senate heard the report of the Minister of Finance of
the Ist of April, under No. 2,035, in which he presents
for due publication a minute confirmed by his Imperial
Majesty of the 31st of March last, containing the opinion
of the Council of the Empire to the foll:;wing effvet :
The Council of the Empire in the department of eco-
nomy and in general assembly, having examined the
statement of the Minister of Finance relative to the

laying aside, out of the bullion capital of the department
of credit billets, of a sum of 30,000,000 of silver rubles
fur the purchase of public securities, and acknowledging
for its own part the utility of this step, because it ap-
pears a convenient and promising means of extracting
out of the immense bullion-fund (more than 14,000,000
of silver rubles, or nearly 20,000,0001. sterling), hitherto
dormant, important advantages for the empire, foresees
no obstacle to the adoption of it, on this sole condition—
that the said advantages mast be applied exclusively to
the extinction of the various debts of the empire.
" From this point of view the measure offers the fol-
lowing results:—
" 1. That the bullion capital, in its fixed amount, is
in no respect diminished, but only a portion of the coin
in it replaced by securities equally solid and valuable,
and which moreover bring in a constant income, and
enjoy universal credit through Europe.
" 2. The quantity of coin of our bullion capital, after
setting aside the part appropriated to the purchase of
securities, is still so enormous, that, judging by our ex•
perience, and that of foreign banks, it cannot but be
d, erred sufficient for the uninterrupted conversion of the
billets de credit ; but even should a necessity arise for the
increase of the quantity of coin in the bullion market,
then the aforesaid securities offer thereto every con-
venience, by the ready sale of the same for cash.

" 3. The use of the advantages which may accrue
from such an operation, being exclusively applicable to
the extinction of the debts of the empire, promises to
the Government new means for the satisfaction of its
engagements, and consequently a corresponding alle-
viation of the national burdens. Considering these
things, the Council of the Empire has given its opinion
as follows:

" From the separate capital fixed by the 7th and
17th paragraphs of the Imperial manifesto of the Ist
of June, 1843, for the conversion of the billets de credit
into cash, a sum should be set apart to the extent
of 30,000,000 of silver rubles for the gradual purchase
of public securities, Russian and foreign, here and
abroad.

" 2. These securities, as they are bought, are to be
reckoned as belonging to the said capital at the value
paid for them, and are to be preserved together with she
ready money.
3. The interest or rentes of these funds, accruing
from these securities, and, in fine, all the pr.•fits of the
operation, should be devoted to the extinction of the
foreign and interminable debts of the empire ; but, in
the event of the purchased securities falling 2 or 3 per
cent. below the price at which they were purchased, a
portion of the said dividends or rentes is to be reckoned
to the account of the bullion captal, till it equals the
money laid out, u`ing for the extinction of the debts of
the empire only the residue.
" 4. If, for the conversion of the billets de credit, a
necessity should be foreseen for the itierea4e of the
quantity of coin, then the purchased sccurities are to be
immediately coni,erted into cash by sales of the pur-
chased funds on the exchanges of Europe.
" 5. But if, at the sale of any part of these securities
or the red, mptiou or them by drawing out, a smaller
sum should be realised than that at which they were
estini,t.d, then the deficiency is to be made good frown
the accruing dividends, and, if these be insufficient, out
of the Imperial Treasury..
" Signed, for the President of the Council,
" COUNT SCWASCHOFF.
" The original signed by his Imperial Majesty.
" St. Pctersburgh, March 31, 1847."

SA .6 t-. 4011

EXCHEQUER.—(TIIIS DAY.)
Mr. Lusts moved,(Bef,reol:l ookE
Mr.
theßaron A Ltw asoN. )
wAKi.yr V. c.
part of the defendant, for a rule
to show cause why further -1" 'd in this case should
protwei itib
not be stayed.
The action, it may be remembered, wa.!3 brought by the
paintiff, the Y, ember for Finsburv, .igainst flt, defendant, who
i•; the publisher of the 31e:lieul Times, for an alleged libel pub-
lished in
tt:abu ti
tL Th
paper in reference, erreunlcee,
however,tohisconduct on the inquest
on the Hounslow flogging case, and c..me before the Court of
Queen's Bench, when leave to the a criminal information was
given to i
term, and the plaintiff having now cointn"e.'itis
cedamages in the Court of Exchequer for the same libel, the
discharge s
ac:it:fl at-cif ii!,(,ln li;,,s)r t
present motion was made to stay proceedings, on the ground
that the rule for the criminal information had been discharged
in the other Court.
Mr. Baron AmEasoN said that the present motion could
be carried no further than a rule to strike out the first count
in the declaration.
Mr. Lusit consented to take a rule on those terms.
Ruled grant, d accordingly.

at Seaforth Hall
Miss Cushman has been lying very dangerously ill
the residence of James Muspratt, Esq.,
ago from where she arrived a few days lreland.—Nottingham
,