France has placed herself, or was placed by her president, in a very delicate position, with regard to other European powers, by her interference in the Italian contest. She now complains that the Pope does not acknowledge the services which she has rendered, (he certainty seems to be very ignorant of any advantage which France has wrought for him,) while the president declares that Rome must be secularized, and must grant a _full_ amnesty to political offenders. France has her attention now drawn toward the peculiar situation of affairs between the Porte and the Emperor of Russia, in which England and France seem to understand each other. While the continent of Europe has been embroiled for the last year in all kinds of contests, GREAT BRITAIN seems to have enjoyed unusual tranquillity at _home_. The imperial parliament repealed the old navigation laws which had been operative for two centuries. By the new enactments greater freedom is given to vessels of other countries to trade between the several ports of Great Britain; and in other countries where reciprocal commercial treaties are established, the ships of Great Britain will have similar advantages. Peace is not productive of historical interest, and we have only to say, that Great Britain has settled her troubles in the East by defeating the Indian forces raised against her power; and she has commenced her troubles in the _West_, by sanctioning certain laws passed by the parliament of the Canadas to remunerate those who lost property in a former rebellion. The truth is, there has grown up a strong and violent hostility between the English residents in Canada and the French; and the latter, with some of their allies, having a majority, passed the law for indemnity, which the governor, Lord Elgin, signed; and this brought against him the English party. The Home Government sanctioned the action of his lordship, and this has led some of the English party to talk of throwing off the English yoke, and uniting Canada with the United States. It is probable that Great Britain has held Canada about as long as is possible—and perhaps quite as long as is profitable. The Queen of Great Britain has, with her husband and children, attended by a numerous court, been visiting to Ireland and Scotland, and has been eminently successful in conciliating the people of these parts of her empire, and has done more to restore kind feelings and establish herself, than all the arms which she could have sent against the disaffected. She is at once popular and powerful, and sustains a bad system by her gentleness and her sterling worth.