As regards the right hon. Gentleman's speech, I must say that I have never heard so great a one--I mean as to length--where the result, so far as the real thing about which people wish to know, was so little. The twelve gentlemen appointed by the present constituency are degraded already by the right hon. Gentleman's declaration, that they are not elected in a satisfactory manner, and that they are not fit persons for the government of India. They are, in fact, bankers and brewers, and men of all sorts, in the City of London, who find it their interest to get into the Court of Directors--no matter by what channel--because it adds to the business of their bank, or whatever else may be the undertaking in which they are engaged; but who have no special qualification for the government of India. If the Government thinks it right to have six good directors, let them abolish the twelve bad ones. Then it appears that the Secret Department is to be retained. Speaking of this, Mr. Kaye, quoting the authority of Mr. Tucker, a distinguished director, said it was no more than a secretary and a seal. Next comes a most extraordinary proposition. Hitherto the directors have undergone all the hardship of governing India for 300_l_. a-year; but the right hon. Gentleman now proposes to raise their wages by 4_l_. per week each. I must say, that if this body is to be salaried at all, and is not to have the profit of the patronage enjoyed by the present Government, nothing can be worse economy than this, with a view to obtaining a body which shall command the respect, and have the amount of influence, requisite for conducting the Government of India. Sixteen of the directors, receiving 500_l_. a-year each--why, they would have to pay their clerks much more!--and the chairman and the deputy-chairman 1,000_l_. a-year each. The whole of the right hon. Gentleman's scheme seems to bear the marks of--I am almost afraid to say what; but he seems to have tried to please every one in framing his great proposition, and at last has landed the House in a sort of half measure, which neither the East India Company nor India wants. If I had made a speech such as the right hon. Gentleman has delivered, and believed what he said, I would leave the Indian Government as it is; but if I thought it necessary to alter the Government, I would do so on principle essentially. The right hon. Gentleman is afraid of bringing the Government of India under the authority of the Crown. What, I should like to know, would have been done if India had been conquered by the troops of the Crown? We should then never have sent some thirty men into a bye-street of London to distribute patronage and govern a great country. The Government of India would then have been made a department of the Government, with a Council and a Minister of State. But it appears that the old system of hocus- pocus is still to be carried on.