The Sun.
London, England, 1847-01-15 00:00:00

verification of its powers, but the case of Senor
OLOZAGA had not as yet been brought: forward.
It was rumoured that he had already arrived on the
frontiers of France.

MADRID BOLSA, JAN. 7.—The Three per Cents. were
dons! at 32 3,16 for cash; the Five per Cents. at 21 ;
the Debt without Interest at 64; the Coupons at 1,91;
and the Vales, at S.

We have received the Paris papers of Wednesday
The Budget, which has been laid on the table of the
Chamber of Deputies by the Finance Minister, ex-
hibits an alarming and increasing deficiency. This
deficiency amounted in 1845 to 79 millions and 1846,
to GO millions. The following abstract of the Budget
is given by the Journal des Debats
" The Budget for 1848 is already laid before the Cham-
ber of Deputies. The following are the principal results.
The uncovered balance of 1844, estimated at the time of
the preceding Budget at 5,807,773 f., had been reduced
before the final settlement of the account to 181,5301.
That of the year 1845 was at the same period carried up
to 18,949,118 f. Savings made out of some of the credits
thgranted, added to certain accidental resources, changed
e uncovered deficit into a balance in hand of 1,932,0651.
This will not be the case with the account of
1846. The calamities of all kinds with which
France has been afflicted during the present year,
have imposed upon her sacrifices which have aggravated
the financial state of the country, notwithstanding
the increase of the revenue. A year ago the un-
covered balance, after taking into account an increase
in the receipts to the amount of 22,000,0001., was found
to be 25,102,0291. Now, although the Minister can
bring into account a bonus of 33,000,0001. in the receipts,
he cannot set down the uncovered deficit at less than
81,237,9631., but which is reduced to 79,305,899 E, if
there be deducted the excess in the receipts of 1845.
Among the causes producing this sad result there ought
to be reckoned a sum of 6,500,000 E distributed in relief
among the suffering people; 14,600,000 f. for the increase
in the price of provisions for the army and navy;
33,000,000 E extraordinary credits, granted to these two
departments for the service of Algeria; and 14,600,000 f.
added to the extraordinary credits of the navy for the
difkrent stations, particularly those on the coast of
Africa. A similar result is to be feared for 1847, though
as yet upon this subject there can be only conjecture.
Approximate data lead to a conclusion that the uncovered
deficits of the budgets from 1840 -down to the present
time will amount to 433,515,691 f., which must be paid
out of the reserves of the Sinking Fund before any part
of these reserves can be applied to the public works to
which th7y are appropriated. A year ago the total of
the uncovered deficit was estimated at 354,996,7651., and
it was in the course of 1846 that the accumulated re-
serves %Pre to be applied in paying it. This cannot now
be expected, but it is a misfortune which can be attri-
buted only to the inclemency of the seasons. The Budget
for 1848 presents the following results :—Receipts,
1,371,592,4571.; dirbursements, 1,368,276,127 f.; excess
of receipte, 3,316,330 f."

The publication of this Budget was followed by a
further decline in the price of securities and of rail-
road shares.

On Thursday there was to be another meeting of
the Governors of the Bank of France, at which it
was supposed a resolution would be come to either to
raise the rate of interest, or to adopt some equally
efficacious measure to stop the drain of bullion from
the coffers of the Bank.

The Bill introduced by the Minister of Commerce
for the regulation of the corn trade allows the free
importation of corn into France in foreign bottoms.
The Billault and Dufaure section of the Oppo-
sition have declared themselves in favour of the con-
duct of M. GUIZOT in the Montpensier marriage
affair. It is calculated that on this question from
340 to 380 Members will vote with the Ministry.
The IWoniteur contains a long list of nominations
to the Legion of Honour. Among them are several
Russians; for example, Admiral LUTKE, Aide-de-
Camp to the Emperor of Russia; M. DE KISSELEFF,
Russian Charge d'Affaires in Paris; Capt. MOFFETT,
Russian navy; and Captain GLASSENAPP, Aide-de-
Camp of the EMPEROR, also Qf the Russian navy,
We find the following in the Constitionnel:

"The Government has just received, within twenty-
four hours of each other, a reply from the English
Cabinet to the dispatch of M. Guizot, of the 22d of No-
vember last, relative to the marriage of the Duke de
Montpensier, and a reply from the three Northern
Powers to the protest of the French Government against
the incorporation of Cracow. This latter document,
the work of the Prince de Metternich, is, it is said,
only a sort of acknowledgment that the document had
been received. Lord Palmerston's dispatch is, on the
contrary, a long one. The Minister of Great Britain
does not abandon, we understand, any of his grievances
—any of the arguments of his first protest—he persists
in his first conclusions. The diplomatic discussion, how-
ever, appears closed, each of the Governments of Europe
preserving its attitude. Complete isolation is at present
the last word of our situation."

Senor MARTINEZ DE LA ROSA, the Spanish Am-
bassador at the Court of the RING of the Famscx,
passed through Bayonne on the 10th en route for
Madrid. He seemed anxious to get on as fast as
Possible. It is said 6,000,000 f. in specie has been
recently sent from Bayonne to different parts of
Spain.

Serious bread riots have taken place at Rennes,
and at Mans and Nantes a rise of sf. per hectolitre
has taken place in the price of flour.
The Three per Cents. closed on the Paris Bourse on
Wednesday at 79f. 25c. ; theyive per Cents., 117 f. 70c. ; the
Orleans Railroad Shares, 1,232 f. 50c. ; Rouen, 890 f. ;
Havre, 681 f. 25c. ' • Great Northern, 626 f. 25c; Avignon, 850 f. ;
Vierzon, 5801. ; Bordeaux, 552 f. 50c.; Basle, 216 f. 25c.;
Dieppe, 3501. ; Paris and Strasburg, 477 f. 50c. ; Paris and
Lyons, 503 f. 75c. ; Lyons and Avignon, 485 f. ; Bordeaux
and Cette, 4501. • Spanish Domestic Debt, 30g.
LYONS, JAN. A.-Paris and Rouen, 908 f. 75c.; Avignon
and Marseilles, 865 f. ; Vierzon, 6001.; Northern, 637 f. 50c. ;
Paris and Lyons, 508 f. 75c.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, JANUARY 14.
Boulogne and Amiens,. 15-Bordeaux, Toulouse, and
Cette (Espelete), 78-Dutch Rhenish, 5,4-East Indian, .'!4
-Great Indian Peninsular, %-Great Western Bengal, %
-Jamaica South Midland Junction, 134- Luxembourg, 2%
-Northern of France, 121/2 ex d.-Orleans and Bordeaux, 7%
ex d.-Paris and Lyons, 7%-Sambre and Meuse, 4%-
West Flanders, 2%.

REPRESENTATION OF WESTMINSTER.--Last night a
meeting of the electors and inhabitants of St. Margaret and
St. John the Evangelist, Westminster, was held at Mr.
Glanville's club-room, the Coach and Horses, North-street,
for the purpose of taking into consideration the most eligible
representative in Parliament for the city of Westminster.
Mr. George Corrie took the chair. After some discussion, a
resolution was put and carried, approvingof Mr. Geo. Thomp-
son as a fit and proper person to represent the city of West-
'minster in Parliament.
BOROUGH OF LAMBETH.—After the proceedings
at the Horns Tavern last evening, respecting the Raja of
Sattara, a numerous deputation of electors of the borough of
Lambeth waited upon George Thompson, Esq., and, being
satisfied with the exposition of his political opinions, re-
qnested him to become a candidate for that borough at the
general election, and immediately commenced the formation
of a committee to promote his return. It is reported that
Mr. Tennyson D'Eyncourt will not solicit a renewal of his
seat for Lambeth.
WINDSOR, THURSDAY EVENlNG.—According to
present arrangements, her Majesty and the Prince Consort
will proceed to London by special train from Slough, on the
forenoon of Monday next, the 18th inst., escorted to the
station at Slough by the First Life Guards, and on Tuesday
the Queen will open the session of Parliament in person.
On Wednesday her Majesty will remain at Buckingham
Palace to receive the addresses of the two Houses, and
on Thursday the Queen and Prince will return to Windsor
Castle.

FIRE IN ST. KATHERINE'S DOCKS. -- Yesterday
morning, between eight and nine o'clock, a fire broke out on
board the ship Bonafide, from St. Petersburgh, lying along-
side the tobacco-warehouse, in the St. Katherine's Dock.
It was first discovered by Mr. Holdway, the chief constable,
who was passing near the spot, and saw flames issuing from
the cabin windows. An alarm was instantly raised, and the
Queen's baggage warehouse engines were quickly brought
into requisition. At this time the decks, bulwarks, and the
sails were burning with iikreased fury, and fears were enter-
tained that the ship would be inevitably lost. A copious
stream of water was poured upon the burning masa, and the
fire was subdued and extinguished by ten o'clock. Fortu-
nately the labourers, who had just commenced their work,
succeeded in saving the greater part of the cargo. The deck
and the principal cabin have suffered most severely. Consi-
derable damage was done to the sails and masts. The fire
originated by some of the crew heating a quantity of varnish
in the cabin. The ship is insured.
day, the match between Mr. Lovell's horse and Mr. w eyns
TROTTING MATCH FOR TWENTY POUNDS.—Yester-
day,
Wimbledon Common. - At the start, the cob
h. oetaintheeofflead,
cob, to trot two miles in harness for 10/. a side,g
aswthieent
nt up to
mthienucotenselaunsdioan
bofaltltheTfiirtesttumile,w
waswhi which
covered pi
made for the goal, abnadanfgterbrankgeon race,nuodtto a
t hge
gallop,
was
came
pulledi in th e
winner—the mare, having
in. The two miles were accomplished under seven minutes.
DEATH OF MR. THOMAS WALLACE.—This gentle-
man, who died a few days since, at his residence near Dublin,
commenced his career on the press, and reported the proceed-
ings of the Irish Parliament for a Dublin paper. At the bar
lie was particularly successful, and having obtained a silk
gown in a comparatively short period, retired into private
life with an ample fortune. Mr. Wallace entered the British
House of Commons as Member for the county of Carlow, his
colleague being the late Mr. Thomas Blakenoy. He retired
from the representation in 1837. At his demise he was 86
years of age.
HONESTY REWARDED.—Yesterday afternoon a
.poor boy, named Michael Callaghan, living at No. 5, George
court, Brook-street, St. Giles's, was selling oranges in Hol-
born, when he was stopped by a lady, who, after looking
over the fruit, departed without purchasing any, and had
proceeded some distance, when the lad, in settling his
oranges, discovered a well-filled purse that she had dropped
in his basket. The boy hastened after her, and restored the
money untouched—she, in return,. regretting she had no
small change to reward him, commended his honesty, and
walked on.
CANINE FIDELITY.—A few days ago a Highland
drover went on board a steamer at Port-Glasgow, on his way
to the city; but, owing to, some accident, before his faithful
coney could be shipped, the vessel was in motion, and the
poor dog left alone upon the quay. The drover was in
despair at losing his companion ; but, to his infinite surprise
and delight, he found his faithful friend waiting for him at
the Broornielaw, wagging his tail and indulging in the most-
exuberant demonstrations of joy ! The distance from Port-
Glasgow to Glasgow by the nearest turnpike road is twenty
miles.—Weekly Register.