The Sun.
London, England, 1859-02-15 00:00:00

PIERS AND HARBOURS.
Mr. PAULL moved for leave to bring in a bill to encou-
rage and facilitate the erection of piers and harbours in
Great Britain and Ireland. The hon. gentleman explained
that with some alterations and improvements the measure
was substantially identical with one he had brought in last
session.
Lord LOVAINE said he did not intend to offer the bill
any objection; but he thought it right to say that the
Government proposed to bring in a measure which would
probably answer all the objects that the hon. gentleman
had in view.
Leave was given to bring in the bill, and
The house adjourned at a quarter'to nine.

As thma.[ADVERTISEMENT.I-11olloway's Ointment and Pills.—
No person can witness an attack of asthma, the
gasping of the invalid, the wheezing, the restlessness, and
the painful appearance of immediate suffocation, without
feeling strongly the necessity of procuring the sufferer as
speedy relief as possible. In the worst attacks Holloway's
remedies, when properly used, never fail in affording relief;
but the ointment, diligently rubbed on the chest and back
twice a-day, invariably diminishes the frequency of the
paroxysms, and ultimately repels them altogether. One
asthmatic, in gratitude, called them" Heaven's gifts." It
is wonderful td witness the power possessed by Holloway's
medicines in relaxing the tightened chest, and giving com-
posure to the anxious countenance, and bright erupson to
the leaden lips.

BITH S.
DACRES.—On the 12th inst., at Bath, the wife of Roar.
Admiral Dacres, of a daughter.
FlTzßov.—On the 9th inst., at Stratton Strawless, Nor.
folk, the wife of Lieut.-Col. H. Fitzßoy, of a daughter.
NEWPORT.—On the 12th inst., at Wilton-crescent, the
Viscountess Newport, of a daughter.
SUTICIE.—On the 11th inst., at Maines House, Berwick.
shire, the Lady Susan Grant Suttie, of a daughter.
MARRIAGES
CURTIS—IVIAsTER.—On. the 10th inst., at the parish of
Almondsbury, Wm. Edmund Curtis, Esq., late of the
Royal Dragoons, eldest son of Sir Win. Curtis, Bait, of
CCaynha ast mcourt, Lu
nodlow, to Ariana Emily, daughter of
01. M er, of Kle-park, Gloucestershire.
JEFFERSON—SWAIN.—On the 12th inst., at St. Pancras
Church, William Jefferson, Esq., of Jarrow, county of
Durham, to Elizabeth Charlotte Janette,
daughter of
Major W. W. Swain, of Oakley-square, N.W.
BINDLEY. DEATHS.
—On the 10th inst., at Brighton, at the residence
of Sir Thomas B. Leonard, Bart., Charles Bindley, Esq.,
aged 63.
B°ultoßlEß.•—On the 12th inst., at Buxton Vicarage Nor-
folk, Lieut.-General James Claud Bourchier, Col.
of the 3d Dragoon Guards, aged 79.
CALDWELL—On the 11th inst., suddenly, Chas. Andrew
C aldwell, Esq., of Boveridge-park, Cranbourne, Dorset,
and 3, Audley-square, London.
liicKmAri.—On the 10th inst., Mr. E. Hickman, of 4,York
Cottages, Old Brompton, aged 68.
MACAULAY.—On the 27th ult., at Toronto, Canada, Geo.
Hayter Macaulay, second son of the late Colonel the Hon.
J. S. Macaulay.
MASON.—At Newport, Isle of Wight, Fanny, the wife of
Henry Blackwood Mason, Esq., of the Custom-house,
London. •

_ -
LONDON : Printed and Published by MURDO YOUNG,
of No. 112, Strand, Printer, at The Sun Office, No. 112,
Strand, in the Precinct of the Savoy, in the county of
Middlesex, Tuesday, Febrikary 15,..1859,

and habits of the people, though any moderate check on the
practice of encumbering estates, with the result of their
being sold up, is likely to be useful. Reverting now to the
actual financial position of India, it is impossible to conceal
from ourselves the fact that for some:time past a large defi-
cit has existed. In the ordinary state of things we re-
ceived funds from India by drawing bills thence for the
use of the Home Government in England. From that ex-
pedient we are now cut off. We cannot draw on the Go-
vernment of India, as it requires all its revenue for
its own necesssities. The Indian Government is, in
fact, a borrower ; it has a five per cent. loan
now open and all disbursements, therefore,
must be provided for at home. We do not know whether
the process may not be reversed, and whether the Indian
Government may not draw on us. Indeed, at the end of
1857, the Government of India did draw for 41,000,000,
which was shipped from this country in bullion. We have
no reason to expect that this will recur ; but, from the un-
certainty of the state of affairs, it is right to have a margin
above actual requirements. Now, what are the disburse-
ments in England on account of India ? The estimate of
their amount from May 1, 1859, to April 30, 1860, is '
£6,151,680. It has been the practice of late years always
to have in hand a cash balance of £1,000,000; the total re-
quisition, therefore is £7,151,680. The details of this sum
are these : —For dividends and interest, £1,278,449; pay- '
ments on account of troops and store, postal arrangements,
&c., £2,463,671; .for civil service annuities, absentee allow-
ances, furlough and retired pay, and advances to the Pro--
vident Funds, Civil and Military, £1,439,480; for bills of
exchange, remittances, and miscellaneous, £263,400; for
charges of home establishment, civil, military, and marine
pensions, outfits, and recruiting charges, £704,680. To
meet these items of expenditure our assets are, a cash
balance on the Ist ofMay, 1859, estimated at £78,961; En-
chequer-bills
and bonds in hand 41,598,900 ; bills of ex-
change on India, £36,000; remittances from India on ac-
count of supplies through the Lords of the Treasury, £60,000; the balance left deficient is £5,377,819., 'Con- '
sidering that the deficiency is of this amount, and con-
sidering also the possibility, though I trust it is only a bare ,
possibility, of our being called on for some time to make.
good the requirements of the Indian Administration,
1.
hope the Government will not be considsred unreasonable
in asking this house to sanction a loan of £7,000,000.
(Hear, hear.) In respect to this amount, we propose to
follow the precedent of the loan we raised last year. The ;
sum will be raised on bonds or debentures secured on the
revenues of India alone. (Hear, hear.) I think that no
other than the Indian revenue should be made liable •
liable for a loan like this ; and I think also, though there
has been a deficiency in that revenue for some time past,
that we have reason to hope it will not be necessary to ;
make an application for another similar loan in this
country. (Hear, hear.) On the subject of the Indian re-
, venue alone being made the security for the loan I ad-
dressed a despatch to the Government of India on the 19th ,
of January last, a passage from which I will read :
"While the extraordiary crisis through which you have
passed has fully justified the resort to extraordinary mea-
sures for raising the requisite funds to meet the emergent
military expenses which had suddenly and unexpectedly to
be incurred, at a time when the revenue was so suddenly
and unexpectedly diminished, I must impress upon your
Government the great importance, on the re-settlement of
India, of your again, as in time past, depending solely en
your local resources for the ways and means required
for
the conduct of the Indian Government, both here and in
India. Every effort should be made so to provide for the
wants of India that the loan for which her Majesty's Go-
vernment is about to obtain Parliamentary sanction may
be the last required to be raised here."
I have now endeavoured--I well know how imperfectly--- •
(cheers)--I know well also at what length—(cheers)---to
lay before the house what is the actual state of the Indian
finances, and what are the principal sources of Indian
revenue ; the Indian debt, past and present ; and the actual
condition of Indian trade. I have also attempted to indi-
cate the means by which that trade may hereafter be de-
veloped and increased. If I have succeeded in conveying
to the house the impression that exists in my own mind 2.1
should say that the present state of India is undoubtedly
ono that will require the greatest vigilance and activity on the
part of its administration ; but I do not think that the state
of affairs gives any cause for despondency. (Hear, hear)
I do not deny that the present embarassments are grave;
will not say that they appear quite ended ; but they are not
greater than an interval of peace and good Government may
retrieve; and I think I Ave succeeded in showing that-the
permanent burden imposed is really light, compared With
the permanent resources which may be developed hereafter.
(Hear.) A. great deal has been done, and is still doing, to
open India to the energy and enterprise of Europe. The
distance between them is lessened, and the interest taken at
home in Oriental affairs is increasing. And though it
would be too much to ask the house to undertake a con-
tinuouse and minute supervision of the Indian Administra-
tion, yet its general supervision will be much greater in
degree than it was in former years. That greater attention,
I believe, will have a good result ; it will do much to remove
existing abuses and to stimulate improvements. I believe
the changes effected will impress the minds of Englishmen
with the fact that now, more than at any former period,
they have the fullest scope for the highest destiny of their
race. I believe these changes will call forth more strongly
than ever those characteristic qualities of our countrymen,
their practical sagacity and administrative energy, which
through all the records of our national existence have
always controlled fortune and commanded success. The
noble lord was loudly cheered as he resumed his seat. As
there were some cries of "Move, move," he rose again, and
begged, instead of the motion on the paper, to give notice
he should to-morrow (this day) move that the house go
into committee, when he would submit resolutions to en-
able the Secretary of State for India to raise a lean for the
service of that Government.
Sir C. WOOD suggested that the debate be taken in the
committee.
Sir E. PERRY asked for certain financial returns, and
pointed out a considerable discrepancy which:existed between
the noble lord's statement of the revenue for the years
1856-7, and the statement of it in the returns already
printed. According to the noble lord, the revenue for the
year in question was about 33 million pounds odd, and the
expenditure was about the same ; whereas according to the
papers on the table, the revenue for that year was only
£29,500,000.
Lord STANLEY said he had obtained the figures he had
quoted from the accounts he found at the India-house. As
he had already stated, he had taken the rate of exchange at
2s. the rupee, whereas the papers on the table assumed it to
be worth only ls. 101 d.
Col. SYKES had no doubt that the noble lord would '
produce in committee the figures on which he had founded •
his statement. The discrepancy did not strike him (the
gallant colone as amounting to much. (Hear, hear.
Mr. KINNAI) RD asked whether the financial difficu
lties
of India had prevented those reforms in the police from
being carried out which had been promised, and which
would be of so
in Bengal ?much importance to the well-being of the
ryots
Lord STANLEY said that a large scheme of police- re-
form had been sent home, and was under consideration.
Mr. V. SMITH urged the impossibility of discussing
Indian finance until the house had before it the documents
referred to by the noble lord.
Mr. H. J. BAILLIE said the discrepancy which had
been mentioned had no doubt arisen partly from the differ-
ence of the value assigned to the rupee, and partly from the
fact that the papers already before the house were merely
an estimate. The statement which the noble lord had now
made might, however, be relied on as perfectly correct.
(Cheers.)
Lord J. RUSSELL said that it would be both inconveni-
ent and difficult to proceed with the discussion until the
house was in possession 'of the documents which had been
alluded to. It might, however, be better to allow the bill
to be brought in to-morrow, and to take the debate on the
second reading. (Hear, hear.)
• The CHANCELLOR of the EXCHEQUER- had no
doubt the discrepancy which had been pointed out would
be easily accounted for when they went into the details of
the question. He quite agreed with the noble lord that the
house ought not to be called upon to come to any sudden
decision upon the facts which his noble friend had stated
with so much comprehension and lucidity. He should,
therefore, propose that the committee should be taken on
Friday.
It was then resolved that the house should go into com-
mittee on Friday next. -