The arrangement that was arrived at in December with regard to the Budget will, it is feared, be objected to by the Peers who will insist on the Budget being passed exactly in the form in which it was originally drawn up by the Government. If the Peers, who have not yet forgotten their collision in April Inst with Marquis Ito's ahmet, are so obstinate as to adopt th course, it is hardly possible that Marquis Tto's party will give way, and the result will be that the Budget will not come into force and that various undertakings of great importance will have to be post-joned. Tt will be very regrettable if the Mikado has again to adminis the Peers.
Text read from the printed page and cleaned; old type leaves the occasional error.