That view of the matter was clearly set forth in a passage contained in a despatch which had been recently received from Lord Canning, and that passage he would proceed to read to the House:— "We are aware that it has been said broadly that our loan operations of late in this country have failed of success; but it is shown by the figures to which we have just referred that, speaking of those operations as compared with the operations of former years, this cannot be said with truth, and that it is not true absolutely, may, we venture to think, be assumed from the fact that in each of the two last years, during a Crisis of Unparalleled Difficulty, we have obtained from Indian resources alone the means of meeting not only the extraordinary charges of the State, but also the immense disbursements of all the railway companies in this country".