11 AUGUST 1866, Page 1

It is understood in Prussia that this speech restores to

the- people the control of taxation, and it has been well received. The Centre will, it is said, vote with the Conservatives, and the bill of indemnity will therefore be passed without serious opposition. So also will bills authorizing payments for the supplies taken in kind, for the commencement of a navy, and for the maintenance of the great army still required in the field. Hitherto the Treasury has been able to do without additional resources, having first the reserve treasure, which when the war began amounted to 15,000,0001., secondly, the right of demanding supplies in kind, thirdly, the power of levying contributions in the occupied dis- tricts, and fourthly, the confidence of the people, which has lent to the local treasuries considerable sums. So prosperous, however, is Prussian finance, that the Treasury either has issued, or will issue in a day or two, a notification announcing the repayment of these loans, and requesting their discontinuance. With a Trea- sury thus administered, an army which conquers an empire in a week, and a King who in the moment of victory declares his past conduct illegal, what can the Chambers do but support the Government ?