5. As to the manner in which the money was to be raised, Lord George did not call for a single penny out of the Imperial Exchequer; all he asked was, that the Government of England would pledge its credit to borrow for Ireland the required sum, for which Ireland had full and abundant security to give. The £16,000,000 was not to be raised at once; the loan was to be spread over four years, at the rate of £1,000,000 a quarter. The objection was put forward that the raising of this sum would oppress the money market, but Lord George pointed to the experience they had, with regard to the loan of the £20,000,000, for the slave-owners, which proved that such would not be the case. The illustration was a suggestive one. It said--You have not refused to raise £20,000,000 to free the coloured slaves in your colonies--can you venture to refuse a less sum, not merely to promote the prosperity of Ireland, but to save the Irish nation from dying of starvation? The Irish nation--the sister kingdom, your fellow-subjects, living at your very threshold--as near to you as York or Devon? And yet, I ask for them no such free grant as you gave the slave-owners; I only ask you to lend, for a time, your credit to your starving Irish brethren. He then bursts into a passage full of heart and manliness: "Send money," he said, "out of the country as you did in 1825--invest £7,000,000 and upwards, as you did on that occasion, in Peruvian and Mexican silver mines; sink your capital, as you did then, in Bolanos (silver), in Bolivar (copper and scrip), in Cata Branca, in Conceicas, in Candonga (gold), in Cobre (copper), in Colombian, in Copaiba, and in no less than twenty-three different foreign mining companies, which the speculators of this country took in hand, because they had no railways to make; and then when your gold goes, never to come back to you, of course the funds will go down, and trade and commerce be correspondingly paralysed. Send £13,000,000 to Portugal, £22,000,000 to Spain, to be sealed up in Spanish Actives, and Spanish Passives, and Spanish Deferred--and the funds will fall of course. Send as you did, in 1836, millions to Ohio for the construction of canals, and millions to Pensylvania, Illinois, and Virginia for the same purpose, to be invested in bonds of those and the other States, the borrowers of which sums set out with the determination to turn public swindlers; and the funds will certainly fall. Spend £100,000,000 in this manner, and it will lead to commercial distress, but it will be otherwise when you come to spend your £100,000,000 on the employment of your own distressed people in productive labour." 6. Thirty years were to be allowed for the repayment of the loan.