The Sun.
London, England, 1861-03-19 00:00:00

FRANCE.

PARIS, MARCH 18.
The discussion of the address was resumed to•day
in the Corps Legislatif.
M. Magne refuted the arguments of MM.
Devinck and Darimon, and justified the financial
policy of the Government and the increase of the
duties on tobacco. He declared that the duty on
alcoholic liquors was only provisional, and was im-
posed to meet a temporary necessity created by the
economical reforms. He justified the supplementary
credits, which, he said, were caused by the increase
in the number of French troops at Rome, and the
expedition to China and Syria. He maintained that
the control of the Chamber was real, and favoured
economy as much as the former representative sys-
tem which permitted interference in all adminis-

trative questions, and thereby weakened the Go-
vernment. M. Magne acknowledged that the voting
of the budget by chapters, the number of which
could be reduced, would conciliate, two great
interests, viz., the independence of the Executive
power, and the interest of the Chamber to inquire
into the expenditure. The question, he said, was
a delicate one, but merited serious considera-
tion. The Government upheld the system of a
complete separation of the powers of the Govern-
ment from those of the Chamber, but would not
object to examine for the next session the question
whether a combination, as indicated, could lead
to any satisfactory result. (This declaration was
received with loud applause.) M. Magne examined
the different budgets since 1850. He stated that
the deficit in 1860 would amount to 100,000,000,
which would raise the total of the deficits to
915,000,000. This would, however, be reduced to
a much smaller amount by the resources which the
law placed at the disposal of the Government.
_ _

M. Guoin said he should vote against paragraphs
11 and 12. He blamed the Government for having
recourse to loans and new taxes, and explained the
necessity of voting the budget by chapters. In
consequence of the declaration of the Minister he
withdrew his amendment, but he requested the
Government not to make the number of chapters
too limited. M. Gouin then examined the state of
the finances, and expressed apprehensions for the
future. Government, he said, intended guarantee-
ing a minimum rate of interest for the railways,
dating from the year 1865. He was convinced that
from the very beginning an annual sum of 60,000,000
would be required for that object.
The discussion was continued by several other
deputies. The words of the address " inexhaustible
resources" were again criticised, and a proposal was
made to refer paragraphs 11 and 12 to a corn-
mittee.

After a doubtful vote, the proposal was rejected.
Paragraphs 11 and 12 were then agreed to, and
,he Chamber adjourned.

The Debata, in remarking on a late speech of
Lord Palmerston regarding the navy, says :—" We
pretend to nothing more when we call for the
development of the French navy, in proportion to
its interests and the rank which she occupies in the
world. But we have been told,' You have few
colonies.' To that we reply that is a reason why
we should preserve what we have, extend them,
and acquire fresh ones. Why, for instance, should
we have gone to China with you? Could you have
believed that it was only to spare you half of
the cost of an expensive undertaking, and
secure at our expense your opium trade ? We

went to China because we are a maritime and
commercial Power as well as England ; and be-
cause, not to falsify our traditions and our legi-
time.te hopes, wo ought to be everywhere where
great questions are agitated and great interests
contended for, If Lord Palmerston, with the
patriotism to which we render homage, could be
to-morrow a French Minister, his voice would
resound with an accent not less convinced and
more impassioned than ours, to tell the deputies
of France, who are also about to vote the bud-
get of our navy, what he said to the members of
the House of Commons—' I hope that the Chamber
will respond to the expectation of the country,
and that it will furnish the Government with the
means of developing the naval force necessary
for the defence and the protection of the country."
BOURSE, March 15.—The market continues firm,
but the amount of business is (very limited. For
the Account, Threes, after standing for a time at
68f 40c and 68f 45c, receded to 68f 35c, and are now
again at 68f 40c. The Share Market has been also
quiet but firm.

The following are the last quotations :-
42 per per Cents ... 95 65 Credit Foncier :—
Do. end month.... Belgian 4/
,
3 per Cents
Do. end month 6B 40 , Roman
Bank Shares 2888 75 ' Austrian
Credit Mobilier.... 665 Spanish Threes 4B
Do. Account 666 25 , Home Debt .. —
RAILWAYS.
Cash. Account.
Orleans 1430 .. 1428 75
'Northern
New ditto 9OO ..
Lyons and Mediterranean 953 75 .. 955
Geneva 396 25 .. 397 50
Southern 533 75 .. 532 50
Western
Eastern
Sardinian .. 378 75 .. 377 50
Austrian
Lombard 476 25 ..