20 JANUARY 1877, Page 2

A sketch of the Constitution of China has been forwarded

to us, obviously by some very well-informed hand, which contains something quite new—an estimate of the actual revenue of China. It is believed to amount to £25,000,000, raised by taxes on land, grain, the transit of goods, foreign imports, ands few other subjects, and by the sale of ranks and degrees. Of this amount £15,000,001) is believed to be spent in one way or another upon the army. Of course, these amounts are irrespective of local dues, of requi- sitions in kind, and of direct plunder, and judging it by the old revenues of India, it may be accurate. The remarkable fact in the account is the small amount raised by the land-tax—less than £6,000,000 sterling.