28 NOVEMBER 1863, Page 2

The latest intelligence from Japan adds another annoy- ance to

our position there. A Frenchman has been killed, and the French Admiral is about to exact reparation. The British will join him, and a conjoint war on Japan seems to be daily expected. Indeed, it is not quite certain that it has not been authorized. The Conqueror takes a battalion of marines to Japan, who must be required for work on land, and the Times points out with care that the trade has expanded, that Japan this season has sent us 2,500,000/. worth of silk and 9,000 bales of cotton, and last year purchased goods to the value of 112,000/. So we are first to punish the Daimios, who now exercise power, and then punish the Tycoon, who will grow strong upon their ruin, and then, the cities being destroyed, the population half ruined, and society in utter anarchy, there will be a very comfortable trade. And it is all the while a shocking thing for the North to make war on the South "in order to keep up tariffs ! "