The recent acquisitions of France on the continent, afforded the plea of equity to which we have alluded. It was founded on the principle adopted at the treaty of Amiens, that Great Britain should, out of her conquests over the enemy's foreign settlements, retain so much as to counterbalance, in some measure, the power which France had acquired in Europe. This principle being once established, it followed that the compact at Amiens had reference to the then existing state of things; and since, after that period, France had extended her sway over Italy and Piedmont, England became thereby entitled to retain an additional compensation, in consequence of France's additional acquisitions. This was the true and simple position of the case; France had innovated upon the state of things which existed when the treaty was made, and England might, therefore, in justice, claim an equitable right to innovate upon the treaty itself, by refusing to make surrender of what had been promised in other and very different circumstances. Perhaps it had been better to fix upon this obvious principle, as the ground of declining to surrender such British conquests as were not yet given up, unless France consented to relinquish the power which she had usurped upon the continent. This, however, would have produced instant war; and the Ministers were naturally loth to abandon the prospect of prolonging the peace which had been so lately established, or to draw their pen through the treaty of Amiens, while the ink with which it was written was still moist. They yielded, therefore, in a great measure. The Cape of Good Hope and the Dutch colonies were restored, Alexandria was evacuated, and the Ministers confined their discussions with France to the island of Malta only; and, condescending still farther, declared themselves ready to concede even this last point of discussion, providing a sufficient guarantee should be obtained for this important citadel of the Mediterranean being retained in neutral hands. The Order itself was in no respect adequate to the purpose; and as to the proposed Neapolitan garrison, (none of the most trustworthy in any case,) France, by her encroachments in Italy, had become so near and so formidable a neighbour to the King of Naples, that, by a threat of invasion of his capital, she might have compelled him to deliver up Malta upon a very brief notice. All this was urged on the part of Britain. The French Ministry, on the other hand, pressed for literal execution of the treaty. After some diplomatic evasions had been resorted to, it appeared as if the cession could be no longer deferred, when a publication appeared in the _Moniteur_ [Jan. 30, 1803] which roused to a high pitch the suspicions as well as the indignation of the British nation. [Sidenote: SEBASTIANI'S REPORT.]