Sea-going Tonnage. Imports. Exports. Inward and Outward. Canada $45,964,000 $41,831,000 2,133,000 Nova Scotia 10,201,391 8,420,968 1,432,954 New Brunswick 7,764,824 8,964,784 1,386,980 Prince Edward Island 1,428,028 1,627,540 No returns. Newfoundland 5,242,720 6,002,312 ” ” ----------- ----------- ----------- $70,600,963 $66,846,604 4,952,934 66,846,604 Lake Tonnage 6,907,000 ------------ ----------- Total Trade $137,447,567 Total Tons 11,859,934 A people of more than four millions will owe something over £13,000,000, as compared with a people of thirty millions owing £900,000,000 sterling; and with a trade of £27,000,000 a-year there is no compensating power in any commercial superiority the United States may possess to establish an equation. If the expenses of the local and of the Federal Governments be properly kept in hand, the condition of the British Confederation, in a pecuniary point of view at all events, must be infinitely better than that of the Federal Union either by itself or with the Southern States. The Confederation which has just been proposed by delegates at Quebec, and which will come before Parliament soon after this volume escapes from the printers, vests the Executive in the Sovereign of Great Britain; a superfluous investiture, unless the delegates meant rebellion; and it provides for its administration according to the British constitution, by the Sovereign or authorised representative. It does not appear very plain how the Sovereign of a mixed monarchy with a limited franchise for the people can administer his quasi-republican and unaristocratic viceroyalty according to the principles of the British constitution; particularly, as the Sovereign or his representative is to be the Commander-in-Chief of the land and naval forces of the Confederation, which are thus expressly removed from the control of the War-Office at home. Difficulties of a merely technical character will no doubt be overcome. But the King of Great Britain and Ireland, in whom the Executive is vested, will have to deal with a Transatlantic House of Commons founded on abstract returns of population, and elected by the provinces according to their local laws; so that some members will represent universal suffrage, and others limited constituencies, which is very different indeed from the House of Commons of Great Britain and Ireland.