The Sun.
London, England, 1860-02-23 00:00:00

LATEST

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NEWS.

PARIS, FEB. 22.

France and England are on the point of signing
a convention relative to the prices which may re-
sult from the approaching expedition against

China.

This contradicts the rumour that the two Powers
would postpone the expedition.—Morning Post.

The following telegrams have been received at
Mr. Rcuter's office :

PIIES, THURSDAY.

Prince Metternich remitted yesterday to M.
Thouvenel an explanatory message containing the
answer of Austria to the four points of the English

proposal.
The Vienna Cabinet expresbes its regret at not
being able to give her adltetion to the said pro-
posal as a basis for ulterior negotiations between the
great Powers.

VIENNA, THURSDAY.

The courier bearer of the definitive answer of
Austria to the English proposal left here on the
evening of the 17th inst. for Paris and London.

The reply of Austria explains the reasons why
the Court of Vienna could not accept the English
proposal as a basis for an arrangement to which the
concurrence of Austria would be given by her
signature. Count Rechberg explains that
the proposal does not only essentially alter
the basis of the European equilibrium
which was founded by the treaties of
181.5, but it is also in open opposition to the funda-
mental principle upon which the legitimacy of
governments in general, and especially the Aus-
trian Monarchy, is founded. In the third instance,
the said proposals destroy the rights of the Italian
Princes, which were placed under the guarantee of
Europe, and which the Emperor Francis Joseph
has the sacred duty to protect in his quality of
chief of the house of Hapsburg.
If, induced by all these motives, Austria declines
the proposed negotiations, she declares, neverthe-
less, that, for the present, she will not endeavour
to undo, by force of arms, that which she cannot
prevent, although reserving to herself full and en-
tire liberty of action for the future.
The tone of Count Reehberg's answer is exceed-
ingly moderate and polite.

BERLIN, FEB. 22.

Negotiations between the great Powers in re•
ference to the treatment of the Italian question are
being vigorously pursued. The basic upon which
a conference is to be held is not yet agreed upon.

PARIS, FEB. 22.

The Russian Government has expressed a wish
to propose jointly with Prussia a Conference of the
five great Powers.

It is asserted that Prussia with certain reserves
has consented to join in this proposal.

The Patrie declares itself authorised to state that
the rumour respecting the intention of the Govern-
ment to establish an income tax is without any
foundation whatever.

FLORENCE, FEB. 21.

The Electoral Committee recommends annexa-
tion to Piedmont as the only programme which the
candidates should profess.

Baron Ricasoli has forbidden the distribution of
Guerazzi's democratic protestation, the views con-
tained in which are refuted in an article in the
Government journal, La Nazione.
The journals publish accounts of anti-Pontifical
demonstrations in the Nlaroties.

FRANCE.

PARIS, WEDNESDAY.

The decoration of the Annunciada, among the
most ancient in Europe, and much sought for, has
been conferred by King Victor Emmanuel on Mar-
shal Randon, Minister of War. A similar decora-
tion is to be conferred on Marshal M'Mahon, Duke
of Magenta, and on Marshal Niel, who so much
distinguished himself at the battle of Solferino.
THE BOURSE, Feb. 22.—The market has been
buoyant, and business active owing to a rise of
on the English Consols. Threes, after having been
done at 68f 15c, declined to 68f Sc., and again
rallied to 68f 30c. Mobilier varied from 750 f to
755f—Austrian, 502 f 50c to 507 f 50c—Lombard,
550 f to 552 f 50e—Lyons, 892 f 50e to 895f—Orleans,
1,377 f 50e to I,3Bof—Southern, 500 f to 502 f 50c—
Northern, 917 f 50c 920 f.
The following are the last quotations :-
41 per Cents. .... 98 Credit Fonder 740
Do. end month .. 97 90 I Belgian 41 —
3 per Cents 6B 30 Piedniontese (.5) .. 80 50
Do. end month CB 25 itoman BO
Bank Shares 2BlO Austrian
Crtldit Mobilier .. 757 50 Spanish Throes -
Do. Account -
RAIL'

PAYS.

Cash. Account.
Orleans
Northern ... 922 50 .. 922 50
New ditto 827 50 .. 832 50
Lyons and Mediterranean 897 50 .. 895
Geneva 5OO .. 500
Southern
Western .582 50 .. 585
Eautern
Sardinian 395 .. 400
Austrian
Lombard .... ...