10 AUGUST 1867, Page 3

The Prussian Government has published a semi-official state- ment affirming

that its Budget for 1866 shows a surplus of 1,200,0001. This includes the.whole expense of the great war. This year also will show a surplus, and for the next no loans or new taxes will be required. Verily, if administrative success be a test of merit, the Hohenzollern deserve their fortune. At the same time, it must be remembered that, with scarcely any debt or none, they now spend 25,000,000/. Strike those two items out of our budget and we scarcely spend more. The only difference is that they get the result they want, and we don't.