step in advance was
taken by further relaxations of the tariff; and that she is at the
present moment occupied with, and may shortly announce, fiscal
improvements and tariff reductions of a more wisely liberal spirit
still, it is not to be doubted that, with the accompanying extension of
agricultural and mining industry, Austria is destined to take a much
higher rank in the commercial world than she has yet attained.

The values of the external relations of Hungary and Transylvania with
foreign nations direct, are of little importance. The bulk of the
traffic with them doubtless passes through the Austrian dominions,
properly so called. Thus their joint foreign traffic direct, was in--

1830, no more than 14,000,000 florins
1834, decreased to 11,511,000 ...
1837, ... 12,616,000 ...

The imports, only once, in 1836, surpassed those of 1830, within the
eight years. The foreign exports were, in

1830, to the amount of ... 9,574,800 florins.
1837, the yearly amount had increased to 11,213,400 ...

But the commercial relations of Hungary and Transylvania, with the other
provinces of the Austrian monarchy, were, on the contrary,
satisfactorily extending. The returns before us, never before published
here, it is believed, do not date further back than 1835, and exhibit
the following results:--

Florins. Florins.
1835, Imports from Austria, 79,678,051 Exports to, 46,408,290
1836, ... 96,057,019 ... 53,876,115
1837, ... 90,404,555 ... 47,878,424
1838, ... 101,396,470 ... 61,684,111

The value of manufactured cottons alone, imported from the other
Austrian provinces, amounted, in 1838, to the almost incredible sum of
sixty-four millions of florins, or say not far short of six and a half
millions sterling; of woollens, the import was nearly to the value of
eighteen millions of florins. It is difficult to conceive that such a
mass of cottons could be destined for internal consumption alone; and
therefore the suggestion naturally occurs, that a considerable portion
at least must pass only in transit to the ports for re-exportation to
the coasts of the Black Sea and the Levant; but on reference to the
exports, we find cottons entered only for 31,296 florins. The
proportions in which the different leading