The Sun.
London, England, 1848-11-20 00:00:00

Rrbtrb Vititton

FRAIL CE.

The Patrie states that Lord Normanby had re-
visited the ex-King Jerome and the Prince Louis.
Napoleon. This statement, however, has since re-
ceived the most unqualified contradiction.
The Moniteur of yesterday contains the following
financial expose, in answer to the statements of the
Debats

" The amount of expenditure, applicable to the pay-
ment of dividends on the Three per Cents. and the pen-
sions is estimated by the Journal des Debats at
60,000,000—namely 42,000,000 for the dividends of the
Three per Cents., and 15,000,000 for the pensions. The
dividend on the Three per Cents, amounts, it is true, to
42,000,000, but everybody knows that about one-half
of that sum, 21,000,000, due to the Sinking Fund, is
payable, net in specie, but in Treasury onds to be
consolidated. The Treasury, accordingly, has only to
provide for nn expenditure of 21,000,009. Now, four of
those 21,000,000 are paid in the departments, by the
Receivers-General. The Caisse Centrale has conse-
quently only 17,000,000 to expend. If we add this sum
of 21,000,000 to that of 17,000,000, nicessary for the
payment of the dividends, it will be found that the whole
of the extraordinary expenditure for which the Treasury
will have to provide between this day and the end of the
year 1848, will be 38,000,000.
"Let us now examine the means at the disposal of
the Treasury for that object.
"The resources available on the 18th of November, in
the morning, were:—.

" 1. Cash in the Caisse Centrale Francs.
• 7,000,000
" 2. Ditto in the Bank
... •• ... • ... 18,000,000
" 3. Third instalment of the Loan concluded
with the Bank
••• ••• ... 25,000,000
" 4. Instalments of the Loan on the 20th of
November and December .-

... 18,000,000

" Total resources ... ... 68,000,000
" Which compared with the expendituro ... 38,000,000

" Leaves, on the 31st December, a surplus
of receipts of ... ... ... ... 30,000,000
" Such will be the situation of the Treasury on the
31st of December.
___

" We have not included in the above the fifteen mil-
lions for the payment of the pensions, which are only due
after the Ist of January, but it will be seen that the
Treasury is fully able to meet the daily expenditure and
the arrears of the Three per Cents. ; and that, more-
over, it will be in possession at the end of the year of a
sum of 30,000,0001., of which, after paying the pensions
due in January, a balance of 15,000,000 f. will remain on
hand,

"It should be remarked that this result is obtained
without any necessity to negotiate any of the securities
available.l As respects the amount of the latter which the
Journal des Debats terms "fabulous," so far from having
undergone any diminution, it is to• day 143,000,000 t.
In this sum figure 14 millions represented by shares of
the Quatre Canaux and the Rentes Three and Five per
Cents., proceeding from the savings' banks, and trans-
ferred to the Treasury by the Caisse
,des Depi; ts et Con-
signations. Those rentes are not, as the Debate sup-
poses, to be annulled; they have become the property of
the Treasury, in virtue of the 7th article of the decree of
the 7th July last, They may consequently be included
among the securities, since the Treasury can, in case of
need, find in them an available resource. We shall con-
clude by observing, that the year 1849 will open with
180,000,000 of extraordinary resources, as stated by
M. Trouv6 Chauvel in his exposC to the National As-
sembly."

The Democratic Association met on Saturday,
night, to the number of about 200, under the presi-
dency of M. Buchez, and unanimously resolved to
support the canditature of General Cavaignac.
M. Grandmesnil, formerly editor of the Reforme,
charged with participation in the insurrection of
June, was acquitted by the Council of War, on
Saturday.
Colonel Rey, Commander of the Hotel de Ville,
arrested on the 15th of May last, has been restored to
liberty.