The opium question has been alluded to by the right hon. Gentleman (Sir C. Wood). I must say I do not know any one connected with China, or at all acquainted with the subject, who is not of opinion that the opium revenue is very near its termination. Even the favourite authority of the President of the Board of Control, Mr. Marshman, declared his opinion that India was on the verge of a great financial crisis. Whether the present Chinese Government retains its power, or the insurgents be successful and a new dynasty be established, the scruple against the importation of opium into China from India having once been removed, the transition to the growth of the drug in China is very easy, and there can scarcely be a doubt that opium will soon be as extensively cultivated in that country as ever it was in India. This might very soon produce a loss of 3,000,000_l_. of revenue to the East India Company. There has already been an annual deficit in the revenues of the East India Company for the last fifteen years; they have to bear the cost of a Burmese war; and the annexation of new territory will only bring upon them an increased charge, for Pegu will probably never repay its expenses, and yet they have the prospect of losing 3,000,000_l_. of their revenue within a very few years. Now, what would the Chancellor of the Exchequer say if the President of the Board of Control came to that House and proposed to raise a loan upon the credit of this country for the purpose of maintaining our territory in India? Would it not be better at once to ascertain whether the principles and policy on which we have hitherto proceeded have not been faulty? Should we not rather endeavour to reduce our expenditure, to employ cheaper labour, to increase the means of communication in India, which would enable us to dispense with a portion of our troops, and to make it a rule that the Governor-General should have more honour when he came home, for not having extended by an acre the territory of our Indian possessions, than if he had added a province or a kingdom to them?