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ductions of the manufactures and industry of other countries, so as, in conformity of the principles stated in the note, transmitted by the undersigned to M. Falck on the znd of August 1824, to render those duties barely protective instead of virtually prohibitory, as they were, in many mstances, before this change, but they have also opened the trade with H. M.'s colonies and held out other important and valuable concessions to the ships of all nations, having colonies, which shall be disposed to treat thé trade and shipping of this country with corresponding favour. There is consequently no longer room for giving effectually, by special stipulation, such peculiar favour to the Netherlands.

Advantages so given to the Netherlands, after the passing of the above mentioned acts, would in fact be illusory, as they would be hable to be shared by any power, whom we have declared our readiness to place on the footing of the most favoured nation.

It does not therefore follow, however, that what the Netherlands cannot now gain by special stipulation is lost to them. Quite otherwise. They still gain to the same extent, positively; and they gain relatively, if not to the same extent as they would for a time have gained by the conclusion of a treaty last year, yet precisely to the same extent, to which they would have enjoyed their relative advantages permanently, unless the treaty with the Netherlands had contained a stipulation (which was certainly never in contemplation) binding the british government not to make treaties with other powers on the same principle as that with the Netherlands.

They gain positively all they would have gained by a treaty last year, because all that we would have then granted to them, is now offered to them in common with other nations. They gain relatively, exactly in proportion as they accept and other powers refuse the conditions on which that offer is made.

But their relative gain is still greater. For, supposing all powers to accept the conditions of the offer publicly and generally tendered by the british government, still, the geograpbical position of the Netherlands, their vicinity to England, the richness of their soil, the ready market in England for their commodities, render the facilities given by the new system of England, incalculably more valuable to them, than to more distant and less productive countries.

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