The Sun.
London, England, 1860-03-27 00:00:00

to be collected, by -which their interest on the loan
is paid, eagerly take the loan.
In the true spirit of an Englishman Mr. WIL-
SON began with twe right steps—first, he would
not palliate the evil but face it. He looked in the
face the fact, that the Indian revenue was in a state
of normal deficiency. This year it was deficient not
less than nine millions and a-quarter, and next year
the deficiency would as certainly be six millions and
a-half ; while the total debt of India amounts to
nearly ninety-eight million pounds. Next, Mr.
WILSON determined that the reign of mystery and
mis-statement, and even of blundering errors,
always, however, errors on the side of making
things look better than they were, should come
to an end. Sheer blunders in reckoning and esti-
mates had made matters last year look too favour-
able by about three millions sterling. Mr. WILSON
began by pledging himself to an honest and full ex-
posure of all financial facts, and to basing the system
of future Indian Finance on an unmistified appeal
to the public opinion of India. The influence of
the two facts—that the worst was now known, and
in future that the truth should always be known
—was itself equivalent to a good per tentage in his
favour.

close of the war, and the signing of the peace of
Zurich, the Federal Council once more thought it
its duty to call the attention of the High Powers to
the relations existing between Switzerland and the
neutralised provinces of Savoy." Adding "at that
period there was a prospect of the meeting of a
Congress which would be charged with settling the
affairs of Italy, taking for its basis the preliminaries
of Villafranca, in which the idea of an Italian Con-

rederation was mooted." After observing, among

other things, succinctly that " The international
position of Switzerland would evidently be affected
by the formation of an Italian Confederation, by the
entry into this Confederation of Sardinia with the
portions of Savoy comprised in the Swiss neutral
territory." The Note goes on to say, "It is known
that the project of a Congress was not carried into
execution, and that since the beginning of the present

year the idea was discussed of modifying the group-
ing of the States of Central Italy "—and then adds,
" The cession of Savoy to France was an idea closely
connected with that of a great Italian State formed
by the annexation of the Duchies to the kingdom
of Sardinia. That idea," then remarks the Swiss
Government, " acquired a positive importance from
the speech from the throne which his Majesty
the Emperor of the FRENCH delivered on the Ist
of the present month, on opening the French
Chambers." The development of the whole scheme
is here traced quite clearly, accurately, and dis-

We are indebted to the Overland Friend of India
for both an able resume of his speech and a supple-
ment of 24 columns giving it at length. The
Indian Chancellor of the Exchequer had, so far as
space in the Council Chamber permitted, acrowded
audience of wealthy natives of all classes, as well as
of Europeans ; an audience thoroughly capable of
appreciating his views, and correcting his facts if
they were wrong. He told them that the state of
India was such that she could easily meet her own
difficulties ; he repudiated an Imperial guarantee,
and pointed them to the increased wealth and the
low taxation of the country. India itself was a
land through which he had just made a long
journey, and he could testify, from per-
sonal observation, that her climate, soil, and
facilities for irrigation rendered her equal, or supe-
rior, to any country in the world. Tier taxation was
light—setting aside the land tax, which was but
rent to the Government, which has always been
the landlord of India, and the opium tax paid
by China the vast Empire of India paid
but nine millions in taxes, about sixteen-
pence per head of the population, -*He
England pays more than two guineas per head.
At the same time her commerce had increased since
1834 from thirteen to sixty millions, and the

passionately. Evidence upon evidence is afforded
that the Powers of Europe had their attention upon
the alert from the very commencement in regard
to Savoy as a point intermediately situated between
the frontiers of France, of Sardinia, and of Swit-
zerland.

LATEST

chided.

of Tuscany :

labouring classes had shared in the benefit, for
their wages had doubled, and even trebled. A
very encouraging fact is that the sales of estates
for default, which in 1835 had represented a
rental of nearly one hundred thousand pounds,
last year hardly amounted to fifteen hundred
pounds! In such a state of general prosperity
and progress, it were idle to fear that taxes could
not be easily borne which would meet the defi-

.nexact.

THE r. SUN, LONDON, TUESDAY E VENING, MARCH 27, 1860.

- ~---'

FRANCE.

NEWS•

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

TURIN, MARCH 27.
M. Nigra has been appointed Minister Resident
of Sardinia at Paris.

GENOA, MARCH 27.
A squadron with Sardinian troops has left for
Tuscany.

PARIS, MARcn 27.

The Constitutionnel of this morning says :—" The
first French battalions returning from Italy have
entered Savoy."

MADRID, MARCH 26.

The preliminaries of peace were signed at two
o'clock p.m. yesterday, and an armistice was con-

TURIN, MARCH 26.

The official Gazette publishes the following de.
creel relative to the administration of the province

" Prince Carignan is appointed lieutenant of the
King and commander of the naval and military
forces: His Royal Highness will exercise, in the
name of the King, the right of pardon, &c. &c.
"The administrative centre will remain provi-
sionally at Florence.
" Baron Ricasoli is appointed general Governor.
The Ministry ceases.

" The army of Tuscany will be incorporated with
;he Sardinian army."

PARIS, MARCH 26.

The news published by some Paris papers, that
orders had been transmitted to suspend the de-
parture of the French troops from Lombardy, is

The Patric says :—" The reported entry of the
Neapolitan troops into the States of the Church is
unfounded; and we have reason to know that the
King of Naples, notwithstanding the invitation ad-
dressed to his Majesty by his Holiness, has refused
to occupy Rome and other parts of the States of
the Church with Neapolitan troops."

The same paper contains the following :
" General Dufour has returned to Switzerland.
At Nice the elections of representatives to the Sar-
dinian Parliament have had no result, the number
of voters being insufficient. Gen. Garibaldi only
obtained 400 votes."

BERNE, MARCH 26.
Yesterday the Federal Council held a sitting o.
long duration.

According to news received, 600 French soldiers
will occupy Annecy on the 28th inst.
Orders have been given to assemble some troops
of the contingents of Berne, Vaud, Neufchatel,
Fribourg, and Valais.

PARIS, MONDAY