An Abstract of the Proceedings of the Select Committee of the House of Commons, Appointed Session, 1849, to Inquire Into the Contract Packet ServicePeninsular and Oriental Steam Navigation Company
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An Abstract of the Proceedings of the Select Committee of the House of Commons, Appointed Session, 1849, to Inquire Into the Contract Packet Service
Peninsular and Oriental Steam Navigation Company
Mail steamers -- Great Britain
It therefore follows, looking at the question as a merely financial
one, that the establishment and maintenance of these communications,
so far from being any burden on the national exchequer, is a gain to
it; their cost being more than returned to it in postage of letters,
_and revenue derived from the increase of industry and consumption
created by their means_; in addition to which the country is, or ought
to be, a gainer, to the extent of not less than a quarter of a million
sterling in a reduction of naval expenditure, seeing that a large
reserve steam navy, promptly available for the national defence, if
required, is provided by these great steam navigation enterprises.
That reserve navy also, while forming so important an auxiliary to the
means of national defence in case of war, is operating as one of the
most effective instruments for the maintenance of peace, by promoting
the extension of foreign commercial intercourse--thereby tending to
bind nations closer together by the strongest of all ties, that of
mutual dependence on each other for their material wants. Assuming
these facts and conclusions to be correct, instead of the expense
of these communications being grudged, it ought to be regarded as
the most beneficial outlay of public money that occurs in the whole
balance-sheet of our national expenditure.
Although, in the preceding remarks, the benefits of these improved
postal communications have been considered only in reference to their
financial, commercial, and political importance, it ought not to be
forgotten that they also involve social benefits, of equal, if not
superior consideration.[15] How few are the instances, comparatively
speaking, where a family in the United Kingdom is to be met with who
has not one or more of its members absent in our distant dependencies,
engaged in industrial pursuits, or in the public service of their
country. To lessen the hardships of absence and separation to so large
a portion of the community, by facilitating to them the means of social
intercommunication, reducing, as it were, the distance which separates
them (as has been done in many cases, to less than one-fourth of what
it formerly was) is surely an object worthy of national sympathy and
solicitude, and claiming to be supported by national means.
FOOTNOTES:
[1] See question 2169, p. 45, and 2187, p. 48; also 2254, and 2255.
[2] Now reduced to £20,500.
[3] Note, the sum of £3500 was deducted subsequently by the Admiralty,
in consequence of their superseding the small vessel engaged in the
Ionian Mail Service by packets of their own; and this sum became
thereby reduced to £28,500.
[4] This sum, of £148,000 for 70,080 miles, is at the rate of 42s. 6d.
per mile. If the same amount for passage-money and parcels which the
East India Company’s packets earned, as shown by their return made
to Parliament, (No. 746,) for the same year, 1844-45, in which the
Peninsular and Oriental Company’s proposal was made, namely--
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