The Sun.
London, England, 1861-12-23 00:00:00

ENGLAND AND AMERICA.

PARIS, DEC. 21.
The Temps of this evening asserts that a despatch
has arrived in London from Mr. Seward, replying
to a communication from Earl Russell on the sub-
ject of neutral rights.

"In this despatch," says the Temps, " Mr.
Seward assures Earl Russell that the Cabinet of
I Washington, faithful to its past policy, is ready to
guarantee to neutrals every facility compatible with
the rights of belligerents, and that satisfaction will
loyally be given by the Federal Government in case
an infraction of the rule adopted in common should
take place.

" This despatch, although bearing a date anterior
to that of the English ultimatum, was written after
the arrest of the Confederate commissioners became
known in America."

TURIN, DEC. 21.
In the Chamber of Deputies to-day a letter from
Signor Ratazzi was read, thanking the Chamber
t'or the reso:ution expressive of its wish that he
should retain the pest of President, and withdraw-
ing his resignation.
Count Bastogi then made his financial statement.
After enumerating the measures which had been
taken to improve the public credit, he stated that the
ordinary deficit in 186! amounted to 400,000,000
lire, and that the deficit in 1862 was estimated at
317,000,000 lire. Deducting, however, the sum of
63,000,000 lire obtained by the alienation of
:35,000,000 of Neapolitan and 28,000,000 of Sicilian
Etente, and also part of the proceeds of the last
national loan, the deficit in 1862 would be reduced
to 159,000,000 lire.
The Minister proposed to cover this deficit by
means of several new taxes, which he estimated
would yield 139,000,000 lire.
His estimate in detail is as follows :

Lire.
Registration fee
Duties on salt and tobacco
Duties on other necessaries
Railways
Land tax 25,000,000
Duties on wines and other beverages.. 20,000,000
Tax on negotiable securities 30,000,000

Total

The balance of 20,000,000 lire. he said, might be
covered by a fresh issue of Treasury bonds, the
amount of those already in circulation being only
36,000,000 lire.

After remarking that in 1830 the French finances
were in a more unsatisfactory state, and pointing
out the great latent resources of Italy, her domains,
railways, and other sources of natural wealth, the
Kinister concluded by calling upon the Chamber to
vote the proposed new taxes, and thus re-establish
!the public credit, which the enemies of the country
were endeavouring to shake. (Loud applause.)

TURIN, DEC. 21 (Evening).

An extraordinary sitting of the Chamber of De-
puties was held this evening, in which the budget
was provisionally approved by 202 against 39 votes.
The financial statement of Count Bastogi has pro-
duced a very good impression.

SOUTHAMPTON, DEC 23.

tII The royal yacht Fairy, Captain Welsh, arrived
, 4erc this morning from Osborne, with Prince
- Arthur, the Crown Prince of Prussia, Prince Louis
of Hesse, Lord Alfred Paget, the Honourable Sir
'Charles Phipps, and Major Elphinstone on board..
A the royal party have left by train for Windsor.

`-~--

THORN, DEC. 23.

News has been received here from Warsaw that
`arrests continued to be made oa a most extensive
Liscale throughout the kingdom of Poland. Twelve
A
• beneficed priests have been sent to Siberia.
' J

FRANCE.
BOURSE, Dec. 21.—The market has shown

MONEY IYIARKET7INE-CIT I NEWS.

CITY, Two o'CLocK.

Business in the manufacturing districts during
the past week has continued exceedingly dull, the
preparations for stock taking, together with the con-1
plications connected with American affairs, and the'
decease of the Prince Consort, havicg caused al,
almost entire suspension of operations in most de-1

partments.
There was a moderate inquiry for all description;sl
of cotton in the Liverpool Market on Saturday,
and prices were steady. The sales were about
6,000 bales.

Business in the City bas been partially suspended
to-day, in consequence of the funeral of the latt
Prince Consort. The Stock Exchange, the Corn
Market, the Baltic, and other places of commercial
rendezvous, are clesed, and in those establishments
where transactions cannot be delayed, such as the
banks, insurance companies, &c., there is a very'
sm All attendance ; the city, consequently, presents'
a very dull appearance.

The general discount market now presents a
firmer appearance than for some time past, although
very little alteration has taken place in the rates
charged for accommodation. It is evident, how-1
ever, that the joint-stock and private establishmentsl
anticipate an increased demand for money conse-
quent upon revenue collections and the usual
dis-
bursements at the end of the year. Rather fulleri
terms are therefore required for the negotiation of
commercial bills, and 2,1 per cent. is paid for secu-
rities of a superior class, which a short time since
might have been discounted at 2'-a or 21 per cent.
A further sum of about £90,000 in gold was sentp
into the Bank of England on Saturday.
The Canada, from America, has brought £6,746

in specie.
Notice has been given that on and after the 15th
of January next, a second return of capital of 2s. 6d.
per share will be distributed by the Australian'
Mining Company. _ _

The adjourned meeting of the bond and share,
holders of the Grand Trunk Railway of Canad
will take place to-morrow, the 24th inst.
A call of £2los. per share, amounting to £56,250S
is due on the 26th inst. on the Manchester, heffield,l
and Lincoln, Garston and Liverpool Extension
Railway.
BRITISH FUNDS—CLOSING PRICES.