At home, while the political sky is still serene enough, there are some rocks ahead, and I think the Government in peril from more than one cause. First and foremost there is the Indian question. There is something ominous in the conjunction between a Coalition Government and an India Bill, and if they don't take care, they will get into a scrape.[1] The Opposition is broken and disorganised, and at present there is no disposition on the part of the extreme Liberals to join in any strong measures against the Government; but this is a question on which all the scattered fractions might be made easily to combine, and there are already symptoms of a possible combination _ad hoc_ in the Indian Committee of the House of Commons. Lowe is very much dissatisfied with Charles Wood, and with the intentions of Government, and even talks of resigning; and the 'Times' is going into furious opposition on the Indian question, and is already attacking the Government for their supposed intentions. This, therefore, is assuming a serious aspect. There is besides the Budget and the difficulty of the Income Tax, and these two questions are enough to put them in great perplexity. [Footnote 1: The Charter of the East India Company being about to expire, Sir Charles Wood, the President of the Board of Control, introduced in an elaborate speech a Bill for the future government of India by the Company, which changed the constitution and limited the patronage of the Court of Directors. The Bill was finally passed on July 28.] _March 19th._--The question of Indian government and the renewal of the Charter is every day increasing in importance and attracting more and more of public attention. It is a matter of great difficulty for the Government to deal with. They are threatened by enemies, and pressed by friends and half friends, who want them to postpone any measure for another year or two years. They, on the contrary, stand pledged, and think they ought to propose something this year. It presents a field on which the various fractions of hostility and semi-hostility to the Government may meet and combine, and perhaps place them in great difficulty. The Committees are going on taking evidence with the knowledge that the Government will probably not wait for their several reports before proceeding to legislation. Granville has got the management of the Government measures in the House of Lords, and is working very hard at Indian affairs. Yesterday I met at dinner at Ellice's two able men just arrived from India for the purpose of giving evidence, a Mr. Halliday and a Mr. Marchmont. They are for maintaining the present system, but with many reforms and alterations; they spoke highly of Lord Dalhousie as a man of business. CONVERSATION OF THE EMPEROR NICHOLAS.