The first part of his speech reminded him of the time when the Under Secretary in the late Government presented everything in roseate hues—a growing revenue, a satisfactory state of the expenditure, remunerative public 1011 works, everything going on prosperously; but after parading all this the noble Lord changed his tone, and told them that a Crisis of Unequalled Gravity had come upon India, and to make both ends meet the Government had been obliged to borrow £4,000,000.