The Portland daily press., 1869-04-09
e U r. o p e .
GREAT BRITAIN.


MovILLE, Ireland, April e.-The steamship
Nova Scotian, from Portland, has arrived
LONDON, April SIN the House of Com
mons this evening Hon. Robt Lowe, Chancel-
ior OF the Exchequer, submitted the annual
budget, In explanation of which he said the
ministry proposed to deal separately with the
general expenditures and those for the Abysin-
Ian war. The estimates made by George W.
Hunt, his predecessor in office, were e73,0O0,-
600, while the receipts Were e72,5OO, 900, leay-
ing deficit of e50O, 900, which had to be met
this year. He (Mr. Lowe) estimated the ex-
penditures of the present fiscal year at $685.
Z5OOOO, showing a reduction of e2, $50 900 from
the estimated expenditures of last year, which
was gained chiefly in the Admiralty War
office. He estimated the revenue of the pres
emit fiscal year at e73,000,000, or an excess over
last year of G250,000. So if the Abysinian
war Were not to be provided for the surplus
would be e4,5O0,000. The whole expense of
the Abysinan war was e9,000,000, of which
$1,000, 600 were expended in India. The coun-
try had still 81, 100000 of this amount to paw.
The surplus of the present year would Just
balance the Abysinian and the general deficit
Under these circumstances, said Mr.. Lowe, it
is desirable to raise further sum by taxation.
lie regarded the present means Of collection as
expensive and unsatisfactory, nd said its only
warrant was in its antiquity. He proposed to
collect the assessed taxes by means of the ex-
ercise OF licenses granted at the commence
ment OF each year, on return, to be furnished
by the tax payer. The income tax is t be col.
lected in the same manner. By these measures
three millions TWO hundred and fly thousand
pounds will be brought into the financial year
in addition to the amounts heretofore collected
Out of this he proposed reduction of PEN
ny upon the income tax, to repeal import duty
on corn and also duty on fire insurance, and
re-arrange several smaller items. This will
give decrease of 100000, and will leave
nearly e5O0OQO clear surplus. Mr.. Hunt
the late Chancellor of the Exchequer, in a re-
reply to Mr.. Lowe, said the reduction in esti-
mates were due to the efforts of the late gov
eminent in making the army and navy more
efficient.
After long and desultory conversation the
usual resolution of leave to bring in the budget
was agreed to.
PARIS, April S.-Three public meetings,
which were held to-day, were dispersed by the
police and many arrests made.
AUSTRIA.
VIENNA, April 8.-The Austrian Govern,
ment has resolved to reduce the army and to
postpone the call for recruits, on the ground of
economy.
LONDON, April 8.-Advices from Madrid give
report that Marshal Serrano, President of
the council of Ministers, and Admiral Topete,
Minister of Marine, are about to resign, and
that directory is b, ing formed to take con-
troll OF the government.
MADRID, April 8.-The discussion upon tie
constitution, which commenced in the Cortes
on Monday, has become warm. Senior Costel-
lar, the eminent Republican, made speech
yesterday strongly in opposition to that instru-
ment.
THE Spanish government has determined to
dlsallow the introduction of any amendments
which have the effect of altering the spirit of
the constitution,