and seed, and the coal and iron exported from hence do not require very rapid conveyance; and it not infrequently happens that lastage by sailing vessels is quoted in Calcutta at the same rate as by ordinary cargo steamers. The smaller and less powerful steamers now using the Canal would probably be transferred to other trades; but by far the greater number are competent to perform the passage (calling at the Cape, and, if needful, at St. Vincent); and they would be reinforced by the unprecedentedly large number of cargo steamers of large carrying capacity now being constructed for private owners with a primary view to the American grain trade.
The amount of tonnage now in process of construction, under Lloyd's supervision, is considerably upwards of 1,000,000 tons. Passengers and valuable merchandise would continue to be conveyed by the Peninsular and Oriental Company, the British India, the Ducal, and other lines; and it must not be overlooked that the Union and Donald Currie Companies carry on a regular and efficient service to the Cape, which might readily be extended to India. All these companies have recently added powerful new vessels to their fleets, and it is probable that the Peninsular and Oriental Company's boats, the Rome and the Carthage, of 5,013 tons gross and 5,000 effective horse-power, and the Ballarat and Paramatta, of 4,700 tons gross and 4,000 effective horse-power, now building, would make the passage in about 36 days to Bombay, and 38 or 39 days to Calcutta, including coaling at the Cape.
There yet remain to be added to the list of our resources the very important fleet of Transatlantic steamers belonging to Liverpool, capable of steaming 14 or 16 knots, to some of which recourse could be had in case of need, and also the supply of new and improved vessels which our building yards are capable of producing within a comparatively short period. This brings me to the most important national consideration involved in the closing of the Canal, and that to which I specially referred in my remarks in the House—viz. the conveyance of mails and troops.
The mail and express passenger service to India is performed now, as it was prior to the construction of the Canal, by express trains to Brindisi, thence by steamer to Alexandria, joining the Peninsular and Oriental boat at Suez, and reaching Bombay in 18 days from London. This service is not in any way dependent on the Canal, and can be carried on with the assent of the de facto Government of
