that the taxes are not so much as we imagine, or that the people are extremely poor, or that the Government is very extravagant--we shall find that the sum levied for the sale of opium and transit was no less than 10,500,000_l_., and if we add that to the 2,800,000_l_., we get a sum of 13,300,000_l_., which is the exact sum which the Government of India cost in those three years over and above what was raised from the people by actual taxation. I say that this is a state of things which ought to cause alarm, because we know, and we find it stated in the last despatches, that the income derived from opium is of a precarious character, and from the variation of climate in India, or from a variation of policy in the Chinese Government, that revenue may suddenly either be very much impaired or be cut off altogether. The right hon. Gentleman brings us to the condition in which we are now, and it may be stated in the fewest possible words to be this,--that the debt of India has been constantly rising, and that it amounts now to 100,000,000_l_. sterling. ['No, no!'] The right hon. Gentleman said 95,000,000_l_., but he said there would be 5,000,000_l_. next year, and I will undertake to say that it is fair to argue on the basis that the debt of India at this moment is about 100,000,000_l_., that there is a deficit of 12,000,000_l_. this year, and that there may be expected to be a deficit of 10,000,000_l_. next year. It is not to be wondered at that it should be difficult to borrow money on Indian account. I am not surprised at the hon. Member for Kendal (Mr. Glyn) being so lively in the House to-night, and other hon. Gentlemen connected with the City, who, I understand, have been impressing on the Secretary of State the fact that money cannot be had in the City for the purpose for which he wants it. I do not wonder that it is difficult to raise money on Indian account. I should think it extraordinary if it could be borrowed without a high rate of interest. That it can be borrowed at all can only arise from the fact that England, whatever disasters she gets into, generally contrives, by the blood of her soldiers or by the taxation of her people, to scramble through her difficulties, and to maintain before the world, though by enormous sacrifices, a character for good faith which is scarcely held by any other country in the world. With regard to the question of an Imperial guarantee, I take an opposite view from the noble Lord (Lord Stanley) on that particular point, though I agree with what he said as to certain expenses thrown on the Indian Government.