21 JANUARY 1860, Page 8

POSTSCRIPT.

SATURDAY MORNING.

"Paris, Thursday Evening.

"Exclusively political subjects, which were so anxiously looked upon since the beginning of the year, seem' as it were, to have faded away, or at least have ceased to excite more than a secondary interest. It is, however, a general feeling that the commercial and internal policy of the French Government, advocated some months ago by M. de Moray, and now officially decided upon, will help immensely to the settlement of political difficulties. This shows how opportune was Napoleon's com- munication, and gives a remarkable instance of the tact and boldness with which his long-matured ideas can be brought at the right time into active execution.

"The truth is, that the Departments of Finance, Marine, and Com- merce, Agriculture, and Public Works are vigorously engaged in pre- paring the solutions of the important questions named in the Emperor's programme.

"It is generally admitted that the first step will be a suppression of duties on raw material, and a subsequent revision of the whole custom tariff, which would be coincident with a commercial convention between France and England.

"In my last letter I briefly alluded to the preparation of that treaty respecting which negotiations are said to be far advanced. I have been able since to ascertain some of the views Of the French Departments ; they may be summed up as follows-

" A complete and effective assimilation of the French and English flags in the maritime intercourse, direct or indirect, between both countries and their respective colonies.

"Exoneration for both English and French ships of all tonnage dues in French and English ports.

"A formal clause to the effect that no duties shall be charged in Eng- land on exportations of coals to which English vessels should not be sub- ject.

"A revision of the English and French custom tariff. . "A definitive settlement of the Newfoundland fisheries question. • " I have some reasons to doubt the accuracy of this last item, respect- ing which negotiations have been so long pending. I therefore give it under due reserve.

'." The Patric reported lately that the Spanish Government had handed to the British Chargé d'Affaires bills for 44,000 of reels, thus extinguishing the debt. This is confirmed by a letter which I have this day received from Madrid.

The change of Ministry in Turin was expected in Paris, and did not cause great sensation. It is naturally compared to K. Walewski's re- signation.

"No change in the Bourse."