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

states stocks ; 50,000,000 dols. by loan, and the
;remaining 14,000,000 dols. to be provided in vari-

ous ways.

In conclusion, the Secretary states that should
,the war be continued beyond midsummer, the
[Amount required for the fiscal year 1863 will be
379,000,000 dols., and in July, 1863, the public
debt will be 900,000,000 dols. The report does not
receive much favour in financial circles.

The Federal Congress has passed a resolution in
favour of the adoption of measures for an exchange

of prisoners.

Congress has also approved the suppression of
habeas corpus by President Lincoln.

LATEST BY TELEGRAPH TO HALIFAX.

NEW YORK, DEC. 12.

Advices have been received from Havannah to the
!6th inst. The Steamer Clyde was reported having
passed the Spanish fleet 36 hours' sail from Vera
Cruz. It was rumoured that two new Confederate
commissioners would sail for Europe in the Clyde.

It is reported from Mexico that no resistance will
be offered either at Vera Cruz or Tampico to the
tallied expedition. There is, however, a strong
feeling in favour of making a determined resistance
against any Spanish invasion in the interior of the
couutry.

COMMERCIAL INTELLIGENCE.
NEW YORK, DEC. 12.

Stocks unsettled. New York Central, 78/ ;
Illinois, 61; Erie, 32; exchange, 1091. Cotton
still advancing; middling Uplands, 32c. Bread-
stuffs steady.

QUEENSTOWN, DEC. 22.

The Royal Mail steamship Canada, Capt. Muir,
from Boston on the 11th, and Halifax on the 13th
inst., arrived here at 9.30 p.m. yesterday. She
brings 77 passengers, and 33,733 dols. in specie.
She landed 114 sacks of mails and three passengers,
and proceeded at 9.35 p.m. All well.

LATEST BY TELEGRAPH TO HALIFAX.

NEW YORK, DEC. 12.

The steamer Hadsa, which sailed from South-
ampton on the 28th ult., or the day after that on
which the arrest of Messrs. Mason and Slidell be-
came known in England, has arrived here. The
effect of the news in England is not considered in
New York so unfavourable as was expected.

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.
ISeward assures Earl Russell that the Cabinet of
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
for the resolution expi essive 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 1861 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
B,ente, 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 .... ... . , 5,000,000
Railways ~
Land tax
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

Minister 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.

The royal yacht Fairy, Captain Wel'sh, arrived
here 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.
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 on a most extensive
scale throughout the kingdom of Poland. Twelve
beneficed priests have been sent to Siberia.