EUROPEAN INTELLIGENCE

Taranaki Herald, Volume II, Issue 83, 1 March 1854, Page 3

EUROPEAN INTELLIGENCE

Iho 'Times' of tho Mth October, contains the following .— A rumour prevailed hero lately that Kosstith had romo to Paris, and had been seen by sevpial persons. This report at last assumed, such consistency, that the polico pud it visit to the house of M. Kif, a rich Hungarian, who is married to a French lady, nnd searched everywhere for the Hungarian leader, though without effect. They nftciw,ud», 1 understand, hocumo aware, tint they had been misinformed, and that Ivossuth had not quitted London. There is also a rumour concerning the formation of n Polish nnd Hungarian legion to aid the Turks, I believe there is no truth whatever in this report, and that the Ottoman embassy hero has even determined to refuso passports to any refugees who should propose to go out with the in* tcntion of offering their services to Turkey. That power appears to be awaro that it would cotnpromiso itself, particularly with Franre, were it tn do otherwise. Another report, which wos also current, that Count Branieki, a rich Polish nobleman, at present residing in Paris, and who formerly was attached to tho military household of tho Emperor Nicholaß, had offered a million of francs towards the formation of such n corps, is also wilhout found ition. Count Branicki has considerable proporty in Poland and Russia, nnd ho hus not the slightest intention of compromising his position with the Emporor Nicholas, nor would bo wish to he looked ou suspiciously by the French Government. AH these runn urn must consequently be act down as part of the idlo gossip of the day. | The Queen left Balmoral on the 13th October, and had taken up her residence at Windsor. The official return of tho public revenue for the quarter terminating on the 10th October, exhibited a ntt increase, as compared with tne corresponding quarter of last year, of £'117,737. For tho wholo of Ihe financial year, ending October 10, 1853, tho net incieuso, as compared with ibo previous year, was £2,311,732. Referring to this prosperous state of the revenuo the ' Times' says:—" As Chunrellor of the Exchequer, Mr. Gladstone was enabled to holdout* very glittering pronpect of the finances of the country. The increase of tho last quarter upon the corresponding quarter of 1852 which was ;fcMOO,BOO. This luct it it stood nlonc, would be sufficiently satisfactory, but from the eNplanation which Mr, Gladstone gave of the mutter, it seems truly astonishing. This quarter wo are told, has borne tho wholo huitbcn of the large reductions in taxation which were effected during the lust session j while, of the imposts which were substituted to supply the deficiency, the additional income tax has as yet yielded hardly anything, and the succession tux absolutely nothing at all. When it is remembered that tho increased consumption, which invariably follows extensive diminution of duties, does not gam its full dc.vclope.ment till after the lapse of a considerable time, wo ihall have additional grounds for regarding tho produce of the present quarter as affording promise of much larger returns hrraaftAr. With such a prospect, Mr. Gladstone might welt indulge in discreet insinuations touching the inconvenience, ol tho excisa on paper. Nor need wo wonder thut, with such materials for a future budget, Manchester gave a cordial reception to ona who has proved so well Inn capacity to employ them for tho purpoies of financial reform and social progress." Commercial affair', wcro dull when the Amtralian leftt owing chiefly tn the embarrassing state of the Eas'crn question. In stock of every kind there was ■a corresponding depression, but wheat hail risou considerably. The wool majket had given way, and exports to the Australian eolontes had been al most entirely suspended. The recent change in tho monetary affairs of England was most remarkable. In March nnd April last, money could be obtained X t 2 pec cent., and ihe country hanks 6 per cent. There Has a general depression in Amtralian Bank Stock, including the shnics of the South Australian Bunking Company; nnd tho shares of the Adelaide Land and Gold Company were a I £0 per cent discount.