The Sun.
London, England, 1850-01-17 00:00:00

SPAIN.

Madrid journals of the 10th have arrived.
On the Bth the Minister of Finance presented to
the Chamber of Deputies a project of law demanding
to be authorised to continue to collect the taxes and
assess them according to the report read to the As-
sembly in the name of the majority of the Committee
on the Budget. This communication created a deep
sensation in the Assembly, particularly among the
members of the moderate opposition. The Chamber
held a short sitting on the 9th, after which it retired
to its committees to elect the members of the Com-
mission to which the above Bill was to be referred.
On the 10th the committee of .the Chamber of
Deputies of Spain on the Government Bill on the
budget, presented a report in favour of the Bill.
Several members of the Opposition, however, in.
tended to bring forward amendments. It was expected
that immediately after the passing of the Govern-
ment Bill (which was considered certain), the Cortes
would be prorogued.
MADRID BOLSA, JAN. 10.—,-The Three per Cents.
closed at 29 for cash • the Four per Cents. at 12 for
paper ; thq Five per Cents, at 124 ; the Debt without
Interest at 4, and the Coupons at 71.

PORTUGAL.
THE QUEEN'S SPEECH.

The Queen in person opened the Portuguese
Chambers on the 2d inst.; her Mejesty delivered the
fallowing speech :

" Worthy Peers of the Kingdom, Gentlemen Depu-
ties of the Nation,—The public tranquillity, fur the
consolidation of which your loyal co-operation has
efficaciously contributed, has not been disturbed since
tbe last legislative session. It behoves us to thank
Divine Providence for having saved these kingdoms
from the scourges which, have so much afflicted other
countries.

4. My relations of friendship with foreign potentates
.continue to become closer.

" An agreement has been concluded between my
Government and that of his Majesty the King of Den-
mark, by which the Portuguese flag is considered in
the passage of the. Sound as that of the most favoured
nation ; the- same respect the Danish flag is ad-
mitted into the ports of Portugal.
"In conformity With the principles of a just recipro•
city, my Government has arranged that our merchan-
dise, imported into the ports of Russia under the
Portuguese flag, be exempt, from the payment of 50
per' Cent. beyond what is marked in the general
custom house duties, and Portugueee ships relieved
from the differential dues which are paid in that king-
dom upon tonnage.
"By virtue of the, authority conceded by the law
of the 25thjune, j 849, and taking into consideration
the dlanns of some foreign Governments, that law has
been extended to the Swedish, Dutch, and Belgian
_

Tramiuillity has been preserved in the colonies,
and in that of
,Angola; a new colony of Portuguese
emigrants . frOm Brazil, is already established,
which gives the most flattering hopes of pros-
perity ; but, I ark sorry to have to acquaint you
that the establishment of Macao was the theatre of
two attempts against the sovereignty of my crown,'
and against the rights of the people. My Govern-
ment has already taken the necessary measures to
secure the integrity of the establishment, the sove-
reignty of the crown, and the national dignity and
decorum ; and has also made the necessary claims,
which, I trust, will be considered, that due reparation
be obtained.

" My Governnient will render you an account of
the use it has made of the different powers entrusted
to it, and will as well acquaint you of the means it
had adopted to improve public credit, and meet. the
public expenses.

The'eStimates of the receipts and expenses of the
state must be laid before you, and several proposals
tending to improve some branches of the public ser-
vice, and some law* which experience has shown to
haVe hen deficient.
" Worthy Peeri of the Kingdom, Gentlemen De-
puties of the Nation,—At this solemn moment, in
which I feel the most lively pleasure in being sur-
rounded by the repiescntatives of the nation, it is
my-duty especially to recommend to you, in accord
with my Government, to consider the true situation
of the country, and adopt efficacious remedies, in
crier to establish the organiz ttion of the public re-
venue upon a solid and definitive basis."