with its million of people, one-half just emerged out of a state of rebellion, if not _quasi_ rebellious yet. So with Malta, its garrison of about 3000 men; and, besides, a naval squadron for protection, that island being the headquarters of the Mediterranean fleet--a fleet and a station exclusively kept up for the protection of foreign trade, if for any purpose at all. And so also with the Ionian Islands, garrisoned with 3300 troops. Taking the garrison forces of Malta and these islands at 6000 men only, with the reserve in England of 3000 more, making altogether 9000, the rateable share of expense, according to the calculation of Mr Cobden, for the whole army, would be about £640,000. Add to this sum the estimate of £410,000 for the garrison alone of Gibraltar, and we have the gross sum of £1,050,000 for the three dependencies of Gibraltar, Malta, and the Ionian Islands, under the head of those army estimates, amounting to £4,500,000, which Mr Cobden veraciously charges to the account of the colonies. We purposely leave out of question for the present the consideration of the other heavy charges in naval armaments, ordnance, &c., to which this country is subjected for the same possessions, because we have still to deduct other portions of the army expenditure set down as for colonial account--that is, as the penalty paid for keeping colonies; whereas a foreign trade of thirty-four or thirty-five millions, costs the country nothing at all, according to the numeration tables of Mr Cobden, and therefore should be all profit.