New-York tribune., 1867-01-04
FRANCE.
FRANCE.
IIIE FlNANcIAL rosTION or rnANCE.

TIIE FINANCIAL POSITION or THtNCE.
The Moitetr of Dec 10 publishes VI. Fould's finan-
cia statement. After stating that the anticipated
surplus If - millions the budget OF 1868 had been
reduced about eight millions owing 10 Mexican bonds
which appeared on the budget 10 the amount OF
II 1.3jS,OOO francs having been only partly provided
for he adds that those bonds. well rs Others be
longing TO the budget Of 1864, and amounting TO
2O3 900 francs which have not been realized remain
in the portfolio Of the Treasury and viii be the sub
ject Of ulteror determination. BY way Of compcn-
satoD, adds NJ Fould 90 am assured that the credits
which have remained unemployed viii considerably
exceed 100000 the sum AZ which the annuatOns
had been estimated II is TO be presumed therefore
that the situation Of 1865 will be put little modified
The report continues:
The year 1866 has seen the accomplishment Of grave
events Al the very commencement. the affairs OF
Germany had given rise 10 much anxiety. fOrnnd-
able wa soon broke out, and although the raWdlty
with W.ICh II was conducted the prompt conclusion
Of the peace, the fnncss and moderation of your
MajeSty's Government were of nature "a reassurc
the public mind, a certain amount Of uncasneSs re-
NAMED IN the country. TO this cause Of depression
Of business added the return Of the cholera the
badness of the harvest, and finally the foundations.
All these evils, fortunately. have exercised only
slight Influence upon our financial position ana fhe
public revenue has not ceased 10 increase. This ang
mentatiOn will cover certain unforeseen expenses
imposed upon us by events and which will have 10
l0OO10O has been taken by transfer IN order 10 aug
ment the equipment supplies Of the troops. But
those supplies, placed excessively among the mass
oi the troops, VIII, al later period, produce rem
burSemcnts. The maintenance Of the auxiliary corps
in Mexico has exceeded ON estimates by about
G0OOO0O At the Ministry Of Finance $500 GO0f ap
pear in the charges Of the budget. This sum arises
ont Of acquisitions which have been made ~ cOnse-
quencc Of sudden and unforeseen necessities upon
the funds Of the Army PaymasteT in Mexico by OF
der of the Commander-inChief, for advances to the
Mexican Government, and drafts upon the Cominis-
sion of the Finances of Mexico at Paris which have
remained unpaid AT the Ministry Of the Interior
OOOGf have been taken by transfer in order 10
sSt the Lyons operatives. This viii he replaced
to the credit Of the department. To these unforeseen
expenses must be added various miscaculatlons III
the estimates Of some Of our receipts Thus the an
nuity of 75OOOO0f., due by the Mexican Government
has not been paid.
~ F0uld cites some other instances in which re-
ceipts have fallen short OF the amount al which they
were estimated but says that the revenue from ind
rect taxation for the first eleven months of 1896 has
yielded an increase sOf 30,00O0oO and of 4jOCO0O0
when compared with the corresponding period Of
1865. He has every to hope, therefore that
the budget of 1866 will be balanced without any de-
felt This result the Minister says, will have been
obtained without checking the progress OF public
works, upon which an increased snm of12OOO,0OO has
been spent NJ. Foud points out as worthy Of remark
that, while other countries have been afflicted by
'sis 10 depioIe, money having been cheap and capital
Abundant. With regard to the rectified budget of
o0' te Minister thinks is reasonable to expect an
excess OF receipts to the amount of 9OOOOOOO This
he is Of opinion will be sufficient to meet all extra
expenses. Among these expenses that of the War
Department is esdmated at 47,0OOOOO. and the Navy
at 100000 owing 10 the dearness of provisions the
necessity Of supplyingth army with new muskets
and the navy with new uns, the transport of the
army from Mexico, and the maintenance of estab
iishnents in the extIeme east NJ Fould thinks that
these and sctbef exfaa Spehses (Which could not be
foreseen will be fully met by the receipts and says it
is subject of congrataton that this INCREASED ex.
pendiure can he provided for without having IT,,
course to new taxes or loan. In the ordinary bud
get of 1863 NJ Fould estimates excess OF receipts
over expenditure of 121 100000. The extraordinary
expenses will amount to about the same sum. Among
these the Ministry Of War figures for l5,OOOOO for
new ornaments and artillery works, being an in
crease of 1O5OO O0 upon the sum allotted in 1861 and
the Ministry of Marine for 1880 OO0f for the trans
formation Of the naval artillery, being 100000 more
than in 1867. The report concludes as follows;
1t VIII bs remarked iAat Ia sIpTiSiOa is made u