These two islands, it must be remembered, have been in the possession of the Greek Government ever since its formation. King Otho found them a part of the Greek territory when it was delivered over to him by the protecting powers in 1833; and as they are within cannon-shot of the shores of Greece, he could hardly doubt that he was their lawful sovereign. But, at all events, we cannot understand what object could be gained by Great Britain taking forcible possession of these paltry little islands, when it was evident that the final decision concerning their property could only be given by Russia and France. We hope Lord Palmerston has some better argument to plead before these two powers than he has communicated to Greece in his despatch of the 9th February last, as given in the correspondence presented to Parliament. If not, his case is lost. The geography and the logic of this document are equally defective. As a proof that these islands belong to the Ionian state, he cites an act of the Ionian legislature dated in the year 1804, in which they are enumerated as portions of the territory of the republic. This act, however, does not even prove that they were ever occupied by the Ionian government. The legislature of Great Britain, when Lord Palmerston was a young man, was in the habit of enumerating France as an appendage of the crown of England; the King of France used to boast of himself as King of Navarre, without Europe attaching much importance to the enumeration of territory in the possession of others. The Sultan does not trouble his head about the pretensions of the Kings of Sardinia and Naples to the kingdom of Jerusalem; so that King Otho may be excused for not paying more attention to the Ionian claim to Cervi and Sapienza, than he does to the Spanish claim to the Duchy of Athens and New Patras. Nor does Lord Palmerston strengthen his argument when he declares, that no island belongs to Greece except those expressly enumerated in the protocol of the 3d of February 1830. If this dictum of his lordship be correct, neither Hydra, Spetzia, Poros, Ægina, nor Salamis, would belong to Greece, which is manifestly absurd; unless, indeed, Lord Palmerston supposes these islands are included under the name of Cyclades, which would be still more absurd, for it is wiser to quarrel with King Otho than with Strabo.