The Sun.
London, England, 1861-06-10 00:00:00

VENING, JITNE 10, 1861.

was altogether insufficient for the pressing
exigencies of the Government. The Secretary of

State further remarked that "he believed this
loan was the only one he would require" (adding,
however, as a saving clause) "unless the railroad
companies should not be able to fulfil their engage-
ments, in which he might have to ask for power to
borrow more on the railway account, and to be re-
paid by them. The sum of nearly £31,000,000,"
Sir CHARLES WOOD explained, " had been ex-
pended on railways, and about £25,000,000 more
required to be raised to complete the un-
dertakings sanctioned. Of this sum £36,000,000
had the Government guarantee." In respect to
which relative position of the Government guaran-
tee and the Railway repayment nothing could well
be more singular in its way or more exceptional.
The absolutely eccentric and whimsically round-
about way in which repayments of money are
made through the Railway Companies of Ilindostan,
by the Indian to the Imperial Government, has
recently been very happily " put " as follows by
the organ of Lord PALMERSTON'S Administration.
" The necessity," says the Post, " of promoting to
the greatest possible extent the progress of such
public works as tend to develop the resources of
the country has been long apparent to the Indian
Government. It has accordingly, for several years
past, advanced out of the Indian revenue to different
railway companies large sums of money annually.
This year, for instance, six millions have been so
advanced. The railway companies, however, instead
of repaying to the Indian Government the loans
advanced, make their payments into the British
Exchequer. The consequence of this system is,
that although loans are made by the home to the
Indian Government on the security of the Indian
revenues, still the railway companies form the
medium through which the repayments are made.
The payments made by the Indian railway companies
to the British Government have for several years
past averaged between two and three millions."
These left-handed payments, however, have
dropped down in the current year to no more than
as many hundreds of thousands ! Altogether it
must be admitted nevertheless that the system of
repayment here particularised as the one latterly
in vogue in liindostan is in itself so irregular and
out-of-the-way that we cannot but hope soon to
recognise its gradual abandonment in preference
for a mode more in accordance with the financia
system of the Imperial Government.

LArIET NEWS.

AUSTRALIA.

PLYMOUTH, MONDAY MORNING

The Prince of Wales, Captain Watson, with
20,000 ounces of gold, 200 tons of copper ore, 200
hbds. of brandy, a full cargo of wool, and 263 pas-
sengers, has passed up Channel for London:

She left Melbourne March 3, rounded Cape Horn
April 4, crossed the line April 29, and put in May
30 to Corunna, where she remained three days.

TURIN, JUNE 9.

The remains of Count Cavour have been trans-
ported to Villa Santena. It is believed that they
are only provisionally deposited there.

A subscription has been opened among the
bankers of Genoa and Turin for erecting a monu-
ment to Count Cavour.

The municipality of Turin has taken the initiative
in regard to the erection of another monument.

It is asserted that Baron Ricasoli has accepted
:he mission of reconstructing the Ministry.

TURIN, JUNE 8

The King will receive Baron Ricasoli to-day,

The Opinione insists that the new Premier should
confine himself to appointing Ministers for Foreign
Affairs and Marine, and should carry out the pro-
gramme of the late Count Cavour.

ing that Omar Pacha, immediately on arrival at
Mostar, ordered measures to be taken to prevent
the Montenegrins from perpetrating any further
massacres.

According to the same telegram an arrangement
had been signed at Constantinople between the
delegates of the Bank of France and its debtors.
The health of the Sultan had improved.
The Paris papers also publish a despatch from
Athens, dated the Bth inst., with news from Con-
stantinople to the 6th inst., asserting that in the
previous day's sitting of the Syrian Conference
Aali Pacha opposed the proposal of France that
the governor of the Lebanon should be a native of
the Mountain.
The same message also states that Sir Henry
Bulwer assumed a threatening attitude, and that
Russia and Prussia appeared to lean to the views
of France, and had proposed a compromise.
A telegram has been received here from Can-
stantinople, dated the 7th inst., announcing that,
in the sitting of the Syrian Conference that day,
the Porte, supported by England, opposed the pro-
posal of France that the governor of the Lebanon
should be a native of the country. The same tele-
gram asserts that Russia, Austria, and Prussia con-
curred in the opinion of France. Prussia, however,
made a mediatory proposition, which appeared
likely to be accepted by the Powers. Another
conference will take place on the 9th inst.
In Saturday's sitting of the Corps Legislatif the
budget for the Ministries of State and Justice were
adopted.

When the vote for the Ministry of Foreign
Affairs came under discussion, M. Plichon directed
the attention of the Chamber to the Syrian ques-
tion. He reviewed the events since 1840, and con•
chided by saying that if fresh distrusts should
thwart the policy of France, the Government might
depend upon the concurrence of all France for
maintaining that policy.

M. Billault replied that the Syrian question
formed the subject of negotiations which he hoped
would soon lead to a satisfactory result. "He
would not," he said, " enter into inopportune de-
tails, but was happy to state that the Corps Legis-
latif, as well as the Senate, the Government, and
the whole country, attached serious and practical
interest to that question. The Government were,'
he said, "cognisant of their duties, had fulfilled
them in the past, and would fulfil them in the
future."

Loud cheers followed the words of the Minister.
The budget of the Minister for Foreign Affairs
was then adopted.

On proceeding to the vote on the budget for the
Ministry of the Interior, M. Keller criticised the
state of things in the interior. He attacked the
revolution, and deplored the exceptional laws for
general security, which, he said, had been made
against the revolutionists, but which would soon
be turned against the old political parties. M.
Keller then attacked the Government and the
magistracy of the country, but his observations
here caused the President to call him to order. He
afterwards continued, and complained of the toler-
ance of the Government towards the revolutionary
journals, and of the prosecution against the clergy.
The discussion will be resumed on Monday next.
M. Fould has been summoned to Fontainebleau
by the Emperor. It is said that he will thence
proceed to Turin.

BOURSE, June B.—There has been but a very
limited amount of business transacted, but the
market has been firm, and the quotations of yester-
day well maintained. For the Account, Threes
are now at 67f 55c. Railway shares also quiet,
but firm. The following are the last quotations :---
41 per per Cents ... 96 40 Credit Fonder —
Do, end month.... 96 50; Belgian 4/
3 per Cents
Do. end month 67 601 Roman
Bank Shares 2890 Austrian
Credit Mobilier.... 692 50 , Spanish Threes 5Ol
Do. Account 695 —1 Home Debt