inasmuch as it failed in touching all the rich; still it did touch the well-to-do middle class, heretofore almost exempt from taxation, and that was something. This plan was passed into law by the Legislative Council at Calcutta, but the passage met with embittered opposition from outside in the European as well as in the Native Community; he stood firm, however, and this time was supported both by his Council in India and by the Secretary of State in England. But he knew that this measure, though much better than nothing, was insufficient, and he ceased not from urging the imposition of the income-tax proper. Indeed during his fifth and last year he laid the foundation and prepared the way for that tax, which was actually imposed after his departure, and which during several succeeding years saved the finances from ultimate deficit. During his five years, however, there were five and a quarter millions sterling of deficit, and two and three quarter millions of surplus, leaving a net deficit of two and a half millions. This deficit was, indeed, more than accounted for by the expenses of five millions on the barracks; but it would never have occurred, had he been properly supported in the sound fiscal measures proposed by him. The financial result in the end, though fully capable of explanation, did indeed fall short of complete success; but this partial failure did not at all arise from any fault of his. Indeed it occurred despite his well-directed exertions. He left India with somewhat gloomy anticipations regarding its financial future. He feared lest his countrymen should fail to appreciate the standing difficulty of Indian finance. He knew that the Natives may have more means relatively to their simple wants than the corresponding classes in European countries, and in that sense may not be poor. But he thought that their power of paying revenue down in cash was very small according to a European standard, and that their fiscal resources were singularly inelastic. In connection with finance he was much troubled by the failure of the Bank of Bombay. On his arrival in India the American Civil War, then at its height, was causing a rapid rise in the value of cotton in Western India, and an excessive speculation in consequence. On the cessation of the war in 1865 he saw this speculation collapse, and became anxious for the fate of the Bank of Bombay which was a State institution. He did his utmost to guide and assist the Government of Bombay in preventing a catastrophe. But despite his efforts the Bank fell, and its fall was keenly discussed in England generally and in the House of Commons. Then a commission of inquiry was appointed, which after complete investigation remarked upon the steadiness and carefulness displayed by him at least, while it distributed blame among several authorities.