THE TREATY OF PEACE.

Wellington Independent, Volume XV, Issue 1398, 17 January 1860, Page 5

THE TREATY OF PEACE.

The lnrlpenden.ee Beige says : — A telegram reached Turin from Zurich announcing the signature nf the treaty, but a mistake had been made in the transmission of the signals. M. de Chevalier Desauihrois had in reality simply sent to his government to ask for authority to sign the treaty of peace. This authority was at once transmitted to him by telegraph, and if any delay intervenes it must come either from France or Austria.

■With '-regard to the treaty itself, . the two most important questions are settled in the following manner : --Sardinia retains the Mai.tian districts which were occupied by her armies at the iiiuincit when the armistice was signed, and' the line of demarcation fixed by that armistice becomes the permanent frontier between Lombardy and Veiietia. Sardinia in return takes upon herself three-fifths of the Monte debt, about 120 millions, that is, together with 150 millions' of the loau of 1854, or in all about 270 millions.

The difficulty relative to the environs of the fortresses has been overcome by compromising the rival pretensions of the Uo powers, and the radius has been fixed at 8000 metres (about 3250 yards.)

The Post has announced the following telegraphic despatch, dated Paris, Oct. 12 :—

News of the signing 1 of the treaty of Zurich is hourly expected. The representatives of the powers will afterwards meet in congress. Tomorrow there wiii bo a privy council at St. Cloud, presided over by the Emperor, who, this morning left Bordeaux for tint purpose. A Paris letter in the Nurd says :— I learn that the signing of the treaty uf peace at Zurich may he' looked on as decidedly adjourned for the moment in consequence of difficulties raised by Austria and which cmild not be removed by Piincfl,de Mfitternich at Biarritz. The last conversation of the Austrian Ambassador with the Emperor took place in the presence of the Prince of Oldenburg, and of Lord Cowley. Prince .Vlcttrenich developed at length the reasons for which Austiia insisted on the necessity of reproducing iti the treaty of peace the preliminaries of Villnfrancu as regards the recall of the Archdukes ; it was true, he said, that the Emperor Francis Joseph had undertaken not to employ force to re-establish the dispossessed members of his family, but the principle that they should be recalled was not stipulated at Viilafranca- without good reasons, and it ought therefore to be maintained and respected in the definitive treaty of peace. The Emperor replied that since the time of the peace at Villafrauca the populations had pronounced with such unanarniiy and energy against the return of the Archdukes as to constitute a fait accompli which both justice and the most vulgar prudence required to be taken into account. And he asked what was the use of mentioning in the definitive treaty that the Princes were to be recalled,' if that measure could not be carried out. Annexation, he added, was an act of another kind, and Europe would be free in a congress to accept or reject it, without exciting fatal conflicts. Prince de Metternich was not convinced by these observations and declared that Austria would not sign the treaty of peace if it wore not in accord with the preliminaries of Villafranoa. The treaty is not, however, contrary thereto, siuce France only consented to the return of the dukes, if it could be accomplished by the will of the populations ; but did not undertake to effect it by force. Prince de Metternich added that he profoundly -regretted the incident, which would adjourn the renewal ot amicable relations between France c.nd Austria. The Emperor begged the Austrian diplomast to communicate to the Emperor Francis Joseph the grave motives which, under present circumstances, should induce him not to seek the sense of the bases of Villafranca by exaggerating them. It was in these terms, if lam well informed, that Prince de Metternich left the Ejuaperor of the French.

Zurich, Oct. 17. — All questions, including tho monetary settlement, have now been definitely arranged by the plenipotentiaries.