28 DECEMBER 1861, Page 2

Three budgets have been presented to the public this week.

Mr. Chase, in America, shows that he needs 122,000,0001., of which only 12000,000Z. can be supplied by taxation. The Austrian Finance Minister acknowledges that the deficit is twenty-one millions sterling, to be made up by sales of crown land not yet effected, new taxes not yet im- posed, and a loan of eight millions still remaining to be raised. Finally, M. Bastogi allows that the expenditure of the year in Italy will be sixteen millions above the income, but proposes to supply the deficiency by new taxes on salt, tobacco, stamps, and express travelling. Of the three it is not the Italian budget which will be pronounced impracticable.