with relation to the reciprocity treaties, had said: "The object of the Navigation Laws was twofold: first, to create and maintain the great commercial marine of this country for the purposes of national defence; and secondly, an object not less important in the eyes of statesmen, to prevent any one other nation from engrossing too large a portion of the navigation of the world." Mr. Huskisson, he stated, held that, in those two branches of our maritime system, the fisheries and the coasting trade, there appeared no motive for alteration, and that the laws referring to them must remain unchanged, so long as we were desirous of upholding our great commercial marine. With reference to the European trade, he also declared that the altered state of the world compelled England to enter into some new treaties; that, in so far as exclusion was within their reach, they were bound to grant and enforce a monopoly in favour of the British shipowner—not, indeed, for his especial advantage, but because the commercial marine was the foundation of our naval power, and the maintenance of that power the paramount duty of all governments. It was Mr. Liddell's opinion, however, that the reciprocity treaties had ever been distasteful to British shipowners, and, that they had suffered in their carrying trade from unequal competition with other countries; but that it was now too late to think of giving them up or of altering a policy to which the country had pledged itself. With regard to the comparative expenses of British and foreign ships, it suited, he said, the case of the Repealers to make this comparison of expenses with the ships of the United States alone; but why not look to the Baltic States,
