The examiner. [volume] (Louisville, Ky.) 1847-1849, 1848-04-01
Second, Great Britain.

The first matter of general interest is Lord
Palnerston's speech. affirming that no interfe-
renee by Austria, would take place In Italy, en-
announcement Of real moment We have ullu-
ded in another article to this speech but its i'm
portance will justify longer extract FROM !,
here. Lord p. said:
He trusted that brighter day was now
dawning upon Italy. The confidence with
| which they might look for the regeneration OF
that country was chiefly founded upon the we'll
known vigor Of the Italian character, and il was
gratifying to fud that the progress which was
now being made In Italy Was being brought
| about by the harmonious accord which existed
between the people of Italy aud their Sover-
| eigns 1t could not be doubted but that the po-
siiion Of Austria, In the midst of these events,
was embarrassing one; hut il was great
satisfaction to him, as it would undoubtedly also
| be to the House and the country, TO know that,
50 far as her Majesty Government was inform
ed of the intentions Of the Cabinet of Vienna,
| there was no reason to apprehend that the policy
| of that Cabinet would be to NEEDLE in any way
whatever, by hostile interference, with the
events which were now IN progress in the in
dependent States Of Italy. Ii would he gr atty.
ing to the House 10 know, aproof of the con-
6dence with which England was looked to In
italy; that Lord Mimic had proceeded from
Rome to Naples, in consequence Of desire ex-
pressed by the SiciIians ON the one hand, and
by the Government Of Naples on the other, that
the friendly assistance Of British diplomacy
might be afforded towards the satisfactory set
tiement Of the points Of dispute between the
parties. He begged the House to remember,
that the Italian Commercial League was at pre-
sent founded only on principle. It's details were
still under the consideration of its component
members; and, until these were settled, the pub
cation of such confidential correspondence as
the British Government was In possession OF,
in reference to the subject, might tend to defeat
the purpose which they all wished to see accom-
Plshed. .' ..-
The second subjects Of interest were the Bud
get, and ireland both trying and difficult sub
jects. The Budget, that is the amount Of sx-
penditure, and the means of raising il, IL very
offensive II shows deficiency i'm the past year
Of near "a 200. 600; with promise Of reduction
in the present, worth Neutrality-suspicious. to
renew the existing property and income tax for
five years, and 90 increase the army and navy
expenditure.
The following is a synopsis of Lord John
Russel's budget; ....
An addition to the Income tax, up to S per
cent. on every class Of Income 10 the mode by
which Lord John Russell proposes to supply the
deficiency in the revenue. This addition is to
last for two years. the Income-tsk itself after It's
old rate being continued for five years. For
tho years, therefore, 1859 and 1880, we
shall have to pay Is. in the pound ON income:
for the years 1851, 1882. 1888, we shall
revert TO I'd. .i..-
Lord John Russell estimates the produce Of
the different sources of revenue for the financial