Little has occurred in Spain during the week, beyond the
publication of an ad interim budget. It appears from this, which is probably truthful, that the ordinary revenue is about 117,800,000, and the ordinary expenditure £21,200,000, leaving a deficit of nearly 3i millions a year. This would not be insur- mountable, as the revenue is increasing and the tariff ruinously protectionist ; but the debt is /221,093,094, or more than twelve years' revenue, a burden as heavy in proportion as that of Great Britain ; and S. Figuerola now demands 2.20,000,000 more. This, however, will be ultimately paid off by the sale of royal, state, and clerical estates, and the Finance Minister hopes to raise the receipts in a few years to £15,000,000. Spanish funds rose in Madrid on the publication of this statement, which is considered unexpectedly favourable. Spain, however, is compelled to offer ten per cent. for money.
