The Express.
London, England, 1857-10-05 00:00:00

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LONDON, MONDAY, OCTOBER I.

Tut country hegira to be deniname tar knowing
whether we are to have ea Aaismal Ihnnicio of
Parliament. Before the premaadan, Lord PALNPR-
fru!, gave the House of Commeme • hint that each •
meeting was quite possible; and there seem to be •
very general opinion amongst the older and more
experienced members of the Legislaturo that it will
be unavoidable. We believe that it will also be
most useful.

The Last ludic Company hare recently taken into
their service some 40,000 of the Qt. Er.M'a trove, for
which they have to provide nut only the pq sod
clothing, but the cost of transport to India, and tics
heavy expense of moving them great distanees Is
India. They are moreover called on to make extra-
ordinary outlays of money for munitions of war
of all kinds. In short, the Company are
in-
volved in an immense additional expenditure, of
which some estimate may be formed when it is es•
ridered that the charge in time of peace in India**
those 40,000 QUZENI.4 troops would alone be equal to
the cost of 120,000 native troops.
The mutiny, or rather the rebellion, of the Bengal
Are♦ of course diminishes the military expenditure
of the Indian Government in one direction. But the
coot of the native army, large as it was, wee Ism
than the charge for the number of European troops
ordinarily in the service and pay of the Company;
and in spite of diminished expenditure on native
soldiery, it can hardly be doubted that when, in ad-
dition to 40,000 additional QllEreel troops and the
extraordinary outlay connected with them, we see
the heroic LAwarscz raising an army of 30,000
&rim in the Punjaub, the rebellion will be pro-
ductive of a very great additional milits7 expendi-
ture on a military charge which already exceeded in
peace twelve millions sterling.
Assuming then, what is too probable, that the
military expenditure of the East India Company has
beep largely augmented by the rebellion, it is obvious
that the territorial revenues of the Company must
at the some time have seriously diminished. Those
revenues are generally collected in miserably small
euois from the petty cultivator, of the soil, who are
always poor and needy, and to whom peace, order,
tranquillity, arid security are indispensable, as
affording the means of payment. In Upper India
all is disorder and anarchy ; the Colleeterates have
been swept away, the machinery of Government no
looger exists, the great towns are in possession of
our enemies, the country is covered with robbers
and plunderers, the village communities are
affrighted and alarmed, cultivation is diminished, and
every one who has money or valuables will of course
hoard, bevy, or otherwise conceal his property. la
the North Western Provinces the Land Tax produced
nearly six millions sterling, the greater part of which
will be lost to the Treasury of India while anarchy
prevails there. Large districts of the Lower Pro-
•ince, which were the great pecuniary resource of
the Indian Government, are also disturbed, and
jut in proportion as disturbances increase will their
revenues decline. Like a wise Goverument, the

East India Company have always kept eery large
cash balances in their Treasuries; but in many in-
stances the cilia* have been able to rifle the local
Treasuries, to the serious lone (in the aggregate) of
the Company.
It is very true that, before Parliament rose, Mr.
ViILVON 81111111 told the House of Commons that the
Queev's Government had called on the East India
Company for a statement of their finances, and that
the Company had transmitted to the Hoard of Con-
trol a statement which relieved the anxiety of the
Government on that point. But we know from ex-
perience how delusive all statements are, and must
be, where the receipts are doubtful and the expendi-
ture merely specalative. We know, too, that
since then the Company have required larger
reinforce-meets from the Qt cry's Government, that
expenditure under such circumstance* most far
exceed all estimates, and that the suppression of this
rebellion is a question of money and men. More-
over, we all feel that the dislike—the natural and
meet creditable dislike—which the l'ompany must
have of coming again (as more than once in the
earlier period of their career they were obliged to
come) under pecuniary obligations to the Imperial
Government, will disincline that body to take a very
sombre view of their (loaners. Therefore it is that

public instinct leads the country to the conclusion
that the Company must require such pecuniary aid
and support a• Parliament alone can authorise. And
this opinion a the more confirmed when, on reference
to the annual accounts of the revenues and expendi-
ture of the Indian Government, it is found that for
some years past there has been a deficit. 11111 that in
the estimated accounts for the last year, bused
before the mutiny had burst forth, under the moat
f►vourable circumstances, a further deficit was
anticipated.

It is only natural that under this state of things
an autumnal erasion should be expected. We pre-
sume that the Vast India Company have not (aa cer-
tainly they ought not to have) the power of raising
• loan in England. They have, indeed, a small
home bond debt, on which they pay a moderate rate
of inteteet ; and they have a considerable sum in-
vested in the public funds of the Empire, which is
accumulating with a view to pay ce their capital,
and so relieve the ordinary revenues of India of
the charge of the heavy rate of dividend they pay
thereon. Bat even if the Company possessed the
power of contracting a lean in England, it would be
unwise just sow to exercise it without the sanction
of Parliament, and at present they could only raise
money at a high rate of interest, unless they had t►e
aetiatanee of an Imperial guarantee.
The eountrj it, we are perousch d, quite prepared
tome Parliamei t give, if it be necessary,. guarantee

to an Indian ban. But, in giving Iladaii gua-
rantee, it will be the duty of the Legisboull fobs
well assured that the Quors'A Go . .
t ikt u, and are talon;;, such sten a, r ill is an
man pnibability recueer India tie Englina, and se
sate England from the burthen the guarantee will
"there two impose tin it, and that the government of
India is just now In hands and heads worthy of the
national confidence. A large part of the public
have more than doubts on that all.important point ;
and therefore it is that Parliament may be very nes-
tally assembled, if only to have those doubts dia-
mond, and, if it be possible, removed.
But whether the East India Company require a
loen or nut, Lord Psnroax will, we strongly sus-
pect, nerd the assistance of the !louse of Commons at
a very early period. At the close of the session he
very prudently asked for (and procured) power to
accept Militia service fur our foreign and colonial
garrisons, and by this acquisition be obtained the
means of despatching a considerable force from our
Mediterranean fortresses to India. So far good.
But we apprehend that it will be found that the
grants of the Rouse of Commons for Militia pur-
lieus will be discovered to be insufficient for more
than defraying the cost of embodying the Militia
Regiments already called out, and that Parliament
has not provided Lord PAN mum with money to send
the Militia on foreiga service.
No doubt the military expenditure ou the
WIEN'S Army will be very considerably diminished
by the transfer of 40,1100 QUEk:N.F troops to the pay
of the East India Company. No doubt the Treasury
does by the annual Appropriation Act possess some
power to authorise, under special circumstances,
the transf.r of grants made by Parliament for one
head of Army &eel°, to another. But it would
be • large, possibly an illegal, exercise of
this extraordinary power for the Treasury
to authorise the War-Mlles to take money voted for
the Army, which is • royal force, and apply it to the
Militia, which is a Parliamentary force. At all
events, we trust that Lord PANIIVRE will prefer re-
sorting to the Legislature rather than to the Trea-
sury for any inch authority.
le short, we do not see how it is partible for
Ministers to avoid calling Parliament together ; and
we are quite certain that, as a means of rousing the
country and obtaining larger military moans of sup-
' pressing this Indian Revolt, they could not take •
' whack".

Cht noun.

BALMORAL, Ocr. 1.

The Queen, with the Prince Consul, the Princess
Weal, end Prince Alfred, drove yesterday to the Benoels-
Waft, where du. woods were driven for deer.

Ocrr. L

The Queen, accompanied by the Pruner Helena, Prisms
Lenien, and Priam Arthur, end attended by the Hon. nun
Modenald, drove yestentsy to the Lhasa of Qaokh.

. _
TY Pilled Cowart went os tie bilk dear-atalking.
The Princess Royal and Peluso Alice walked out, at-
titled by Lady Churchill.
Prince Alfred, with the Duke of Argyll and Ideuten tot
Cowell, drove to Birkhall.

The Duchene of Kent, attended by ber Lndy and Equrrry-
h•Waiting, arrived at Frogmen, on Saturday, from Al :Tr-
ipling.

-11 a L Mayor hal an intorview with the Chancellor of
tbs Mrchequer on Saturday, at his official reudence in
Georningetreet.
Dupla it Tyre went oa &turd., from the Colonial-office
to the Governors of Hoeg Kong, Ceylon, Mauritian and
Oiloreitar.