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London, England, 1848-04-06 00:00:00

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411 i
eatAIiANA Ant
LONDON. TLIIIRSD, APRIL
6,
1848.

THE QUARTER'S REVENUE.
The Revenue returns for the financial
jusytear eding
been pub-
the sth April instant, which hwavheemnntrhee fsaevvourable
lished, are perhaps on the whole
than might have been expected,
pressing difficulties to which all classes have and
exposed within that period are taken into account.
The The nation has passed through an arduous ordeal, and
it affords matter for congratul stion that so much: has
been done under all the circumstances. It could
scarcely be supposed that when trade and commerce
were paralyzed, when there was a complete cessation
of credit, and a general failure of every kind of
employment, that so Lrge an amount could be ex-
pended on articles of luxury, or even comfort, as in
seasons of greater prosperity. We, therefore,
find a decrease in the revenue for the year
of no less than 2,208,511/. The last quarter
however, exhibits some symptoms of im,
provement, there being an increase of 402,5751.
This, however, is chiefly to be accounted for by an
item which, it was supposed, would not again have
made its appearance in the national balance-sheet, and
which appears there for the last time—viz , China

I money, which amounts to 455,0211. This sum had
been detained at the Cape in transitu, in order to
provide for the extraordinary expenditure of the
Kafir war, but which has now been carried to the
general account. As, however, there is a decrease of
119,8371. in the other extraordinary sources of
revenue, namely, of 29,4071. on the Imprest and other
monies ; and of 90,4301. on the repayment of advances
—there is an increase in the ordinary sources of
revenue on the quarter of 67,3911., and on the ex-
traordinary of 335,837/. ; making, altogether, as we
have already stated, 402,5751.
The Customs show a decrease bath on the year and
quarter. On the former of 836.3451., and on the
latter of 55,0231. This may be accounted for by the
exertions that have been made to bring gold into the

country in place of merchandise, by which the

Irevenue would have been benefited and employment
afforded to the people. In the Excise there is a de-
ficiency on the year of 467,1751.; but we rejoice to
say that on the quarter there is an improvement of
no less than 349,7361. This is the more gratifying
when it is borne in mind that the Excise returns may
be regarded as the barometer of national prosperity,
indicating the degree of comfort enjoyed by the great
body of the people, the hardworking and industrious
classes. A portion of the improvement may, how-
ever, be accounted for by a difference in the manner
of taking the accounts, by which certain credits
which formerly were noticed under the head of
" Stamps" are now inserted in the Excise. This
change will also partly explain the deficiency in
the Stamp department, which amounts to
198,6141. on the quarter, and 301,8961. on the year;
the lower amount of mercantile securities that have
been in circulation accounting for the residue. The
Taxes show an increase of 90,4131. on the year, and
13,010/. on the quarter; while the Income-tax pre-
sents a small deficiency of 5,2121. on the year, but an
increase on the quarter of 8,5681. The efficiency and
value of the improvements introduced by ROWLAND
HILL in the Post-office are still further exemplified
by an increase of 46,0001. on the year, and 2,0001. on
the quarter. In the other items of Crown Lands and
Miscellaneous there are fallings off both on the year
and the quarter, showing in the former a decrease of
51,0001. in the year, and 16,0001. in the quarter ; and
in the latter of 169,5211. in the year, and 36,2861. in
the quarter.

The total income for the year amounts to
48,800 1411., for the quarter to 11,065,3241. The
total charge is 7,427,0381., leaving a surplus income
for the quarter of 3,638,2861.: to this is to he added

the balance of 882,548/. remaining in the Exchequer
on the sth January last, which amounts in the whole

to 4,520,8341, applicable to the national expenditure
within the quarter. The amount issued for supply
services within that period, however, was no less than
5,956,232/.; a sum of 1,435,3981. must therefore be
provided by the iisue of Exchequer-bills.
The above statement will surely satisfy every
reasonable man of the absolute necessity for the most
rigid economy so far as it is consistent with the na-

tional honour and the national safety, and the pro-
priety of instituting a searching inquiry into the
public income and the public expenditure.

Banquets appear to be the favourite demonstrations
of a people devoted to the cause of constitutional
liberty. Every one remembers that it was the prohi-
bition of a banquet which induced ODILON B&RBOT
to lay the impeachment of Ministers before the Pre-
sident of the Chamber of Deputies, and which ulti-
mately caused the Parisians to advance from the
summit of the barricades to the parapet of the
Tuileries. Two banquets were given yesterday
evening in our own metropolis, and at those festivi-
ties two glorious principles were maintained by the
eloquence of the orators best qualified to become
their Advocates and Apostles. The one was the
annual meeting of the Free-trade Club ; the other
was a dinner given by the Directors of the East
India Company in celebration of the military
victories and the civil achievements of HENRY
Viscount 11-tannicz. The latter was not only-
a commemorative but a congratulatory de-
monstration, it was a magnificent token of
welcome to an illustrious Captain and Administrator
on the occasion of his return homewards from the con •
quest of 100,000 Seikhs, from the capture of 250 pieces
of cannon, from the establishment of a permanent
and honourable peace, and from the government of
that colossal empire, which contains a frontier of 12,000
miles, and a population of 100,000,000 of the human

family. Upon an occasion like this, so unprecedented
in colonial history, it was but fitting that all differ-
ences of political opinion should be forgotten, that
the feuds of Parliament should he overlooked, that
Whig and Tory, that Conservative and Liberal, that
Free-trader and Protectionist, that the most distin.
guished representatives of the Ministry and the Legis-
lature, of the Admiralty and the Horse Guards, of
the mercantile and the ecclesiastical professions,
should assemble together without any distinction
whatever, to offer their felicitations to a successful
warrior, and their eulogiums to a patriotic statesman.
If any one of the successors of the immortal CLIVE de-
served this homage, it was certainly the Pacificator
of the Punjaub ; if any one of the followers of
WARREN HASTINGS, it was assuredly the chief nego
tiator of the treaties of Lahore; if any of the

lieutenants of WELLINGTON, it was unquestionably
the vic'or of Sobraon and Ferozeshah. Hence there
were last night congregated together in the ban.
quetting chamber in Leadenhall-street men in the
most exalted position and men of the most dissimilar
genius in England—all actuated by one coincident
sentiment, a sentiment of admiration for the brave
soldier who had consolidated our dominion in the
Asiatic continent by a campaign of sixty days, and
who in struggling against the extraordinary difficul-
ties of his position in the winter of 1845-1846 had
waived for a time his dignity as Governor-General of
India, and had volunteered his services in the subor-
dinate rank of a Lieutenant-General, for the purpose
of seconding the Commander-in-Chief of the British
forces in Iliudostan in the crisis of an astounding and
perilous catastrophe. The magnanimity evinced on
that occasion by the predecessor of the Earl of \DAL-
of
h eou
R must have been amply repaid by the plaudits
C 0 n
sls
cienc
en,trhyy themen approval b
of h
by the
is
approbation
SOVEREIGN, of his
byh
ownte
thanks of the assembled Parliament, by the ane
gyrics of the most renowned personages p
in the army a
and the Legislature,and,though last, not assuredly
tehveehilneagstiobthye
thesplendid
palace of the broaneqruehetanto.ftetyraesrtcehrs ofday
Hindustan.
A
the most important speeches delivered be-
sntolfneidlsiaGECohmimpaaenlyf,
fa r e
Directors, the
weregu s august
thosegue st s
ofofthteheChairman He ' GEORGE TUCKER, Esq., of Lord Haan' IsT:111:::.,
ofotfhe Right
of the newly-appointed Archbishop
of
Primehis Gracem iti is theter ,
sDirukßeoßofE
ROBERT
WELLINGTON,PEEL,and the late
Honourable THOMAS BABINGTON MACAUA
only as affording those distinguished men thLeL f
oppor-
tunity of addressing themselves to the great question
of the morality of our sway over the OrientalNs,tihoilne
millions the incident was admirable. v
pronouncing in the simplest language, his ac-
knowledgments for the brilliant reception awarded
to him on returning to the land of his na-
tivity, the Conqueror of the Punjaub exulted (and
was not his exultation allowable?) in his having been
the instrument by which England had organized
tranquillity at Lahore by a treaty which would have
been sufficiently fortunate if only in the single cir-
cumstance that it enabled our diplomatists to re-
monstrate against the rites of infanticide and suttee.
" Only two years ago," observed Lord HARDINGE,
"a native state, with a population of twenty millions,
voluntarily renounced these horrid practices." That
of itself would be an ample compensation for our
dt:b"rttl's, and a glorious consequence of our vie-
eneral of India,
Ghowever, which
wereSoleiise'
rsOhlelaaelrhlt pronouncedth one t commendations,
heex - o ver ex-Governor
the one WY,'
remembrance Enti N cro.
ovfivtihoeiyvetotehraisn t‘r,,,vvu,sstthheapviethsyouannddeedmpplheaatsiacnct,ensetortnoiul,mis
It must have brought
Wisdom from th'e the days when, as little
he learnt the lessons of mili-
tarymore than a subaltern
iileuunielapsed since that memo-
hexasample of that remarkable
General. A long while
eeaarsgeaonf4lbartetpleustation ; hse"Fhas but just returned
tsiofrnonokfththeeli a,ffairs of a
him has ripened
ri
na b
years
fermompirteh,eaanddmhienihsetraar
the assurance that at the periodpf obf:
lap agedg i g
leaderantic
—ls pointment to
the government a iiiudostan "le was fully sensible
1

of his ability, his zeal, his talents, his patience, his
fortitude." That alone would be a memorable
panegyric. But Lord HARDINGE was yet mote
fortunate in the commentators upon his Asiatic
career. Sir ROBERT PEEL, by a felicitous allusion
to the conduct of the ex Governor-General on the
eventful night which intervened between the com-
mencement and the close of the battle of Feroaeshah,
elicited the cheers of his auditors, when he exclaimed
" The army felt the touch of HARRY on that night I"
Nor were the rhetorical tones of Mr. MAcAukikx
inaudible in reference to the good services performed
by Lord HARDINGE on the ensanguined banks of the
Sutlej. After glancing at the satisfactory con-
summation of that celebrated campaign, the elo-
quent vindicator of HASTINGS spoke thus :—"My
chief reason," said he, " for rejoicing in these vic-
tories is, that I am deeply convinced that our
Government in India is a blessing to the human race,
and an honour to the English name!" Cordially can
those sympathise in the admiration of Mr. MACAULAY
who reflect upon the beneficent progress of the Eng-
lish rule in Asia, and who remember, above all, the
civilizing influences which have already been exer-
cised by the celestial dogmas of Christianity over the
worshippers of BRAMALI and VISHNU, over the fol-
lowers of ZOROASTER and MOHAMMED, over Parsees
and cannibals, over Bhuddists and fire-worshippers.
Our dominion in Hindostan is peculiarly the blessing
of the human race, and the glory of the English
name, because it is inextricably identified with the
diffusion of knowledge and the advancement of

Madrid papers of the 30th have been received.

Senor OLOZAGA was arrested on the morning
of that day by order of General NARYAEZ, and
committed to the military prison of the Guardes de
Corps. General ha RTE has been dismissed from the
army.

MADRID BOLSA, MARCH 30.—The Three per
Cents., 2l f cash ; Five per Cents., 13i buyers, 14
sellers ; Passive Debt, 4i buyers, 4i sellers ; Coupons,
10 sellers.

THE FRENCH REPUBLIC.

PROCEEDINGS AT PARIS.

We have received the French papers of yesterday.
The elections of officers of the National Guard
commenced that morning and were proceeding
quietly, but considerable excitement would probably
mark their close. The struggle is between the mo-
derate and the ultra-Republicans, and its result may
indicate the tone and complexion of the elections of
members of the Constituent Assembly.
The following are the results, so far as they are
known in Paris last evening :
In the first legion, the moderate Republican, M.
DE TRACT, has beaten Al. BASTIDE, the Government
candidate. In the second legion, M. CLEMENT
THOMAS, the Government candidate, has carried the
election. In the third legion, M. THIRION, the Go-
vernment candidate, will also be returned.

In the fifth legion, M. VAvauET has been returned
,he Government candidate, without opposition.

In the twelfth legion, M. BARBES, well known for
his extreme Republican views, has also been elected
without opposition.
The Provisional Government has given notice to
the workmen employed on the public works, that for
the three days during which the elections for the
National Assembly are to last, they shall have holi-
days, and be paid as if in full employment.
A decree has been issued by the Provisional Go-
vernment, by which " every master manufacturer
who will henceforth exact more than ten hours work
from his labourers shall be punished by a fine of from
fifty to one hundred francs for the first offence, and
of one hundred to two hundred francs for the second
offence; and for a third offence, to imprisonment
for six months. The fines to go to the fund for sick

ouvriers."

Another decree orders that 180,000 scarfs, and
43,000 flags of the Republic, shall be immediately
made at Lyons.
The Moniteur also publishes a decree, in which it
is stated, that " Considering the ordinary delay of
fifteen days granted to the holder of bills to exercise
his recourse by way of denunciation is insufficient in
the present circumstances, and that it is useful to
accord 'to him the means of facilitating the payment
by the endorsers and other obliges, decrees :—That
until it shall be otherwise ordered, ' the delay of
fifteen days, granted to the holders of commercial
effects, is prorogued for forty-five days, not com-
prising the delays of distance.' "
The following decree, by which the Government
takes the Paris and Orleans Railway into its own
hands, is also published in the Moniteur

" According to the therce of the 30th of March, by
which the citizens Bineau and Didion bare been named
extraordinary commissaries to the Orleans and Centre
Rsi'ways;

" Considering that it, is established that these two rail-
ways have no further sufficient power to assure the ser-
vice of transports ;
.

" Considering that, iu such a state of things, it is the
right and duty of the Government to take into their
hands, provisionally, the administration and exploitation
of these two railways, all reserve, however, being made
of the rights and interests of the shareholders and of
tlaini parties ;
"On the proposition of the Minister of Public Works,
decrees:—

" Art. 1. The Railways of Orleans and of the Centre
are placed undi r sequestration.
"'they will be administered and carried on under the
direction of the Minister of Public Works.
" Art. 2. The citizen Sauvage, engineer of mines, is
named administrator of the two railways—he will exer-
cise his powers under the inspection of the citizens
Didion and Bineau.
" Art. 3. From the present day all the direct and in-
direct produce of the two railways shall be received,
notwithstanding all opposition and arrests, and shall be
applied to the uses of the enterprise."
[Member of Government.]
M. AUDE, the Mayor of Aix, has addressed a letter,
dated March 27, to Dr. VILLENEUVE, President of
the Association for the Defence of National and
Religious Liberty, announcing that M. TIIIERS had
officially signified to him his intention not to offer
himself as a candidate for the post of Deputy to the
National Assembly.
The Provisional Government has determined that
the Tuileries shall be converted into the piece of
meeting for the National Assembly, and that the
Chateau of Meudon shall be the new Asylum for
Civil Invalids.

The following article on the reply of M. LAMAR-
TINE to the Irish Deputation appears in the Journal
Iles Debuts :

"We have at all times and on every occasion ex
pressed our sympathy for the unhappy people of Ireland;
but at the same time every one knows our constant
opinion on that unfortunate chimera which is called
Repeal. No one will, therefore, be astonished that we
give our entire approbation to the answer of M. de
Lamartine. In the inaiiifestx, which he addressed last
week to the foreign powers, M. de Lamartine declared
that France would not let nationalities be oppressed
which wished to reconstruct. themselves. Such or such
a party in Ireland may huve imagined that a prin-
ciple applicable to Italy or Poland, or in one word to a
whole, distinct nationality, which had reason to fear the
intervention or oppression of a foreign power, might be
equally applicable to Ireland- This is evidently an error;
and for the interest of the peace of Europe, we congra-
tulate ourselves that an opportunity has been given to
the representative of the French Government of fixing
clearly upon this point the policy of the new Republic.
Besides this, we beg to ribserve that the deputies come
from Ireland have not come in the name of the whole
of Ireland. Not only do they not represent the whole of
that country, but they do not even represent the whole of
thet
e di lßepealler e
n tp apratryt.i
sWveh
hick
ihl 1
drii
voitd here
laatnt edm. p tut o
too long. We shall merely remind our readers that
wpoouinldt out
among the Irish who demand the legislative separation
between their - country and England, those who were yes-
terday at the lintel de Ville of Paris are only delegated
by a minority, and that at the present moment,
while Yotrig Ireland is - •
preaching war for the purpose
of obtaining repeal, 01,1 Ireland continues to preach
peace and moral force. if the French Government
should wish to come to an understanding with the Irish,
• it ought to cummence by begging the Irish to come to an
, understanding among themselves. When the Italians
claimed and vindicated their independence, they did it
in the name of a principle of unalienable sovereignty;
but the party which in Ireland asks a local legislature,
acknowli dges at the same time the sovereignty of the
ern.% nof Great Britain. It is purely and simply pro-
vincialism, that is to say the very thing which is the
most contrary to what we are, and what we are
doing; and the French Government, in making itself
the ally of Young or Old Ireland, will only make
itself the ally of a party. The words of M. de Lamar-
tine will produce, we are sure, a very great impression
on the whole of Great Britain, in Ireland as well
as in England. We fully approve of them, for our
parr, because they contain the formal assurance of the
desire of the Republic to maintain peace, and to respect
the right of all nations.
We could wish that they might
contribute to calm the ell•ervescence which is growing
greater and greater in Ireland; but we tear that they
will not have that power. We fear that before lung
that unhappy country will be the theatre of a bloody

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