29 JULY 1865, Page 1

The Session of the Austrian Reichsrath was closed on the

27th inst., in an extremely conciliatory speech, in which the Emperor thanked the members for their spirit of economy, promised peace, and a settlement of the Holstein-Schleswig question "compatible with the position of Austria in the Germanic Confederation," and hinted that "important reasons affecting the general interests of the monarchy, and which upon that account had found patriotic and eloquent expression in both Houses of the Reichsrath, counselled the accelerated convocation of the legal representatives of the peoples in the eastern portions of the empire." This refers to a plan said to have been finally resolved upon of entrusting power to two Parliaments, the Reichsrath legislating for the German States, Bohemia, Galicia, and Venetia, and the Diet for Hungary, Dalmatia, and the Slavonic provinces. The two Diets will then devise some method for common action on some imperial questions. As that plan will reconcile Hungary without irretrievably offending Germany, it seems the most statesmanlike yet devised.