31 AUGUST 1861, Page 1

The most important continental event of the week has been

the dissolution of the Hungarian Diet, and the address of the Emperor of Austria to his Reichsrath, in which he comments on and defends that grave step. The satisfaction of the parties concerned ap- pears to vary inversely as their temporary success. The Hungarians are delighted, and the Centralists at Vienna are cast down. A stormy debate is still going on in the Lower House of the Reichs- rath, in which the Poles and Bohemians are assuming a very me- nacing attitude.