The Express.
London, England, 1858-01-09 00:00:00

LONDON, SATURDAY EVENING, JANUARY 9, 1858,

111D147 £O4JB.

(From the Becwirrnia of this day.)

The question of Indian finance is soeurniag a
ewe important and practical shape, net so much hos the
let that it is intended to change the form of the Indies
sterenmsnt at home, se hoar the fact that, whatever the
fast of government may be, money will be required for the
melee of India Is a considerable amount during the coming
yaw, ever sad above the ordinary income, even though it
thenbl sot be diminished below Ste usual amount—a result
whisk few will be sanguine enough to hope for. Bat
what we whk dot to impress upon our readers is, that
whatever canner may be made in relation to the forte
el the authority ►y which the government of India Is la
hien to be controlled at home, that will maks no diffeamos
se to the martial forms, manner, conditions, or security
upon which say loan required for the service of India
win be contrseted. It Is intimated, and we believe
corrsetly, that ass of the first subjects to which the attention
of prelbusent will be called will be to authorise a Isla to the
India government. That fact, taken by Void, legNes as
owed= In the home money market. MON% the loans
an behalf of the Indian goverment have ben ably, bet
net ezeineledy, nods in India. For hese was to Whs, we
wallessmatary authority her ever bow terdred se st...
♦MU isteseiley fifty million. hes been ocebested on the
hawed authority of the goverment of Isdla The last
Inas Onspury bee, however, ben pshlbited fioa eastroot-

et sanction woo gime sum yams Igo, bat
to sa Yeas of bands to the mount of 7,000,0001.,
Weiss bating at the rate of 4 per cent.

At the ocemonceraent of the outbreak in India, the home
bond debt seed et 3,894,4001. so that en =exhausted power
to the seam* el • little mere than three millions still
existed. This power ban already has. need to the extent of
about two millions, and it is understood, therefore, that the
legal mama of raising money in the home market is now
reduced to see malice. If affairs in India were In their
ardiney condition, this fact would be a matter of indiffe-
rence. tor, m a rule, the Beet India Company have pes-
tere to borrow in India rather than in England. But the
extent to which they have been obliged to fall back upon
their very limited power .f borrowing at home daring the last
eight months, is the beat proof of the difficulty they have ex-
perienced in India. It is true that the recent incomes of the
British troops will not only tend to improve the revenue re-
ceipts, but sloe to Mimeses the disposition of the native
capitalists to advance a portion of the summate aeon-
leukemia which have taken place in India dazing the
last few years. Nevertheless, it is thought that those
sources cannot be relied upon as sufficient for the
grave emergency in which India is plated. And cer-
tainly if ever there could be au exceptional awe which
would authority the government of India to use its credit
oat of India, for the purpose of obtaining funds, It is at the
premet moment. It must not, however, be thought that the
applisetka to parliament for wended= to increase the home
debt heyeed the seven millions &ready sanctioned, implies a
gethenthe of wry kind on the part of the Imperial govern-
nest. No web condition accompanied the existing legisla-
tive authority. Bach a mune is neither deidrable nor econ-
omy. We hew attempted to show upon more than one
eatesion how highly impolitic it would be to mix together
Wks and imperial Anences. And it is not necessary, be-
IMMO the Indlen government is ponessod of extensive and
independent seems of revenue amply sufficient, if well ma-
naged, to sustain Its own credit and beer ita own obligations.
' But while we are prepared to contend that it would be
equally impel& and unnecessary to involve the home
geneweent Tab that of India. In a common °titration to
the .enders etas latter, we cannot agree with those who
Tashi Web to exclude the government of India from the
L riv=tl owing into the English money market should it
We may reel seared that no foreign ce colonel
goverment wal leave their own market end um her.
wbbent mem Oren nem. Thin are troy eihnsempe,
imlspanthat et doe int Mrste obtained, is rain lease at
Wan Every arediter of the government become isee or
men. sews*, el the gevenummt ; esd debt, in wads
mew is a pealed seeruity. But besides thie cossidtration,
thersais • great eeniwisoce and riving of expense where the
Wow et weft debt it payable en the wet. Both thsseeea-
elandene mut have pest weight in the ewe of lodic Bat
MlALlving fen weight to then eoWderadow what is there
to the Indian government that we Would make It
in eseeptlan to all ether gevernmatte. Swap and colonial,
"Web we admit freely to contract debt in our market ?
ilw es regents the wee supply and distribution of capital, it
ma wise lade dillweette is whet market a loan I. made. To
s senetty ilhe legiend, whoa, capital le extensively and
Body awed *lll ewer the world the effect would very soon
be the wee _L..,. en lodine loan should be raised. No-
thing mon apitilp ink he level in these days of steam-
but* barignifes, end free intercourse, than aOtal. No
dealt if we wield drew oat silver that would otherwise be
hewed in lochs for a government loan, it would be so remit,
dm the Wm Wag, added to the available capital of the me-
Nee. But re net the point. It to on the oremeptica
UM the. Woes could not be drawn ost that the
blitmast will be resorted to. It is mach more likely
s heeded silver in lade will directly or indirectly be
nab sepilleakis to trade or cultivation, than to loans to the
in the present state cl ears .—and if so, it may
Cilbrist lemens of furnishing funds which would otherwise be
laws bees lapsed for the of trade. From all
it is probilie We government of
ralerS be • 001Iditi011 tO INNIS My &Want of new
beak the matey market In this comely will be in a condi •
den lila will had to foreign leverages in some shape or
ether; and dew that are to be tared will be either et
seen.sr as we as Wee Ws tof India to
wiener Imbed mew* they ere lie he required hue ;
—he., as doubt, epos wry seneldweisn, the ladies preent-
wet will NW sonitions psi" Oe know is lois rather
than la &Prod M whatever =WA that may be mendable
sod remeleiM. It it certain that parliament win not withhold
Its stmeties to such a power, though it is not likely to be
exantheed to an anseent ezneeling eight or ten millions in
tie year, wen Weep' it is awl necessary to defray the
whole of the hew expiator* in this way.

MEZTINGS Or SCIENTIFIC SOCIETIES FOR THE
E masts° WlEll.—Mastlay.—British Architects, 8. Oso-
CttBi ; "Os Want Everest and Decdttrings," by
l. Waugh; "Destelpdon of the Aatr River, in
Learn Asia," by Mr. Pecterof ; " Report co tla Epedi-
Eon up the Niger, under Dr. Bait is, sad Yr. May."
Society of Arta, B.lCosiegnie of Revalidation of Me.
tropolitan Inatitutioes. Turifey.—llistioalterel, 2 —Lec-
ture by Dr. Lindley' Byro-Egyalin, 71; "On the Na-
tural History of Egypt," by the Rev. Dr. Hewlett; Tangle.
ton of Civil Eagleson, 8 ; Adagio= taking the Chair, by
Mt. Locks, Praidest ; "Os Railway Brakes," by M.
Oarts ; Zoolegicuy 10.—ecientac. radassday.—Orephia,
B.—laortgeoplea B.—flasty a Arts, B.—" On the Adam-
Wes of • Deily Register of the Rain-fall throughout the
United Hisgdon, .nd the best weans of obtaining it,"
by TO. Denton. Dada Archaeological Arociatkin.
111 —" Os the History, a Purses, with Illuerstions,"
by. Hr. Claim ; Suggestions on the 3rd, 4th.
alt, 9a, and lah Wes of Retied of Cirencester,"
b la%
eleving.—Ranotentral, 84.—" Sera points of
between tle likeogolian and Europese
Itseltad,_ toielly in relation to Chinese Civi-
latign," by Mr. Thtirmiey—Horticultural. 2.
Issturs by Dr. Lisaley.-11oolety of *edgewise, B. Royal,
81.—. Os the Therno•Eleetrie Aeries, sad on the Electric
essinatier Power a the Iletas," by 114,11atthlwen • "On the
Electric-el Nature of the power poweined by the Adige of our
Shores," by Dr. lif 'Donnell ; •Oa the Theory of Matrices,
end eathe Autosearade Tresellerstalion of a Bipartite
'learn Fus=id= "On sone of ale Pro-
ducts of the of Bogart Cal," port
2. by lir. Walkn& Saturday—Asiatic, I—Lectors by
Dr. Ltsagy.—llorticultarel,
A FATOITRITS BOOR -WORE AT BOeTON.—The
pithead area er Dana is Weedsgton-aired, • kite sad
aot very ant thonattillere, tut pictures sod English in
amesner, sad etnesisig awe- very issansts Atop. I
send • deal it. wheals these ate bow Boston will re-
engage as heehaws of Haws. Thaw end Pleide—two
mainles tele have published awe pony, and, W
mr="l al" inesof lff am Any ease
is Thar mare is the lounge and rasa of all
the liatvgy aleallies of Bastes ead Hasa Cal-
war. lisegallow ham is to have s ant. Has
Preksaar Aepags—whe lee ningwed Massif dealladiale
Ilesine by wAssing lave It on the Invitation tit
111 end Isenereast bee. Here
W. Ilehisse—whe aaMl to is es well knew In
Lessilew le—seswe te sive or taw the news !VI;
Ire the sedate Pang* sewelhow lean Is et the der,
Wee a my of sinalos. Haw ysticestims, heinsess,
presages, peasners, sad las embark
WEllest ineensetedes, =rare inchange
when they wily awn what new books are Yortlawasiag, and
look et there, wow if they de net buy thew, sad bilk toge-
ther upon literstere sad wittaien.—Lear from Dr. Mackay
fa the Ithotrund Lena, Nees.

MICSICAX AND SOUTH AAINNICAN COMPANT.—
Testorday as= al mrsilitors was bold at PAR
by Mr. Marritag. tits Midst
=lslam. Mara Amary,Smitlt, sad Ds 1111=
Mr. Ryas Clarks wee wirA creditors' reysimmtatiro
maim tbs sowly-peased act of parileamd.