The Sun.
London, England, 1848-10-26 00:00:00

HOLLAND.

THE HAGUE, OCT. 23.—The Government has laid
before the States General a project of law for the
purpose of obtaining authority to extend the sum of
10 millions, the amount of treasury bills to be issued
by virtue of the law of the 27th of December, 1840,
in order provisionally to cover the deficit arising from
the ways and means, and the increase of the expenses
of the army for the year 1848. The exposé of the
motives which accompanies this project indicates the
reasons which have decided the Government to take
this measure. It was considered necessary either to
decree an augmentation of the contributions, or a
loan. But the exceptional situation of the present
Chambers did not seem appropriate to the Govern-
meat to demand the vote of a new tax, neither did
the present moment appear suitable for the financial
operations of raising a loan ; the only resource, there-
fore, was the issue of the treasury bills.
On examining the financial situation, such as it
will probably be at the close of 1848, there will be
a deficit of at least 10,239,86011., which it is desired
to cover. This deficit proceeds, in the first instance,
from the augmentation of the Budgets of War and
of Marine, 11.4,532,782 51 ; and a deficit in the
remission of the subsidies from the colonies of
11 7,162,552 544; total, 11.11,695,335 15. From this
amount must be deducted the surplus arising from
the Army and Navy of the years 1845, 1846, 1847,
of 11.993,474 131 ; and that which returns to the
Treasury for the 8 and 10 per cent., on personal
expenses and patents, 11. 462,000,000 ; total
11.1,455,474 131; deficit, 11.10,239,869 11.
In this sum is not included the deficit of receipts.
The deficit signified in the colonial finances origi-
nated because the colonial produce could not be
placed in such great quantities as in preceding years,
in consequence, of the political events of Europe,
while on the other hand, the expenses of the colo-

nies have been much greater this than in preceding.
years. It is to meet this deficit that the Govern-
ment proposes to authorise the emission of Treasury
bills for the sum of ten millions, which will facilitate
the affairs of the administration without compelling it
either to have recourse to a loan, the condition of
which could not but be onerous at this moment, or of
imposing new burthens upon the nation.
Yesterday the Ministers held a council, which
lasted an hour and a half, after which they repaired
to the Palace, where a Cabinet Council was held by
the KING. Baron TIaTEMA DE GROVESTINS, Envoy
Extraordinary and Minister Plenipotentiary of the
Netherlands at the Court of Madrid, arrived to-day
at his residence.

BRUSSELS.—According to the official reports, it
appears that the receipts of the fir3t nine months of
1847 were .54,972,024 f. 68c., while those of 1848 of
the same period were .51,839,808 f. 25c., leaving a

deficit of 3,132,216 f. 431.
TUE lIAGuE.—Her Royal Highness the Princess
ALBERT of Prussia has just sent a considerable sum
to the asylum for aged people, as well as to the
Orphan Asylum at Schwiningen ; and her Royal
Highness the Princess of ORANGE has signified her
intention of having a lottery among ladies for the
brnefit of the poor at Middelbourg.—Amsterdanz
Handelsblad, Oct. 24.