AlSTflVERSARY ADDEESS. 23 



mercial prosperity. The rise in coal means a rise in steam, and, 

 therefore in the price of all goods produced by its aid. It is the 

 same with iron. That metal is necessary for all kinds of 

 machinery ; the price of it, therefore, is an essential element in 

 the cost of machinery and in the value of the goods produced 

 thereby- ; and as coal and machinery are equally useless without 

 labour, a rise in it must necessitate a rise in produce. A general 

 advance in the price of all English manufactured goods is there- 

 fore inevitable, if the advance in the price of coal be maintained. 

 The enhanced value of British goods will offer a new opportunity 

 to increase American manufactures. As soon as England ceases 

 to be able to undersell her competitors, her hold on foreign 

 markets, which is the basis of her commercial supremacy, will 

 diminish." — {Daily Telegrapli^ We may presume that this 

 reasoning is, in some degree, applicable to this Colony ; and that, 

 as respects the world at large, it is for the universal prosperity of 

 all nations to remain at peace. 



(3.) It was my intention to oiler some special remarks on the 

 Coal Statistics of India, in continuation of those made in my 

 Address in the year 1870 ; but I am compelled to be brief, 

 though the subject is most esteiisive. 



By the latest document on Mineral Statistics, by Dr. Oldham, 

 Superintendent of the Geological Survey of India (Memoirs, vol. 

 vii.), I find that the quantity of coal raised in all India in the 

 year 1868 was 547,971 tons, this amount being more than double 

 what it was in 1858, and that the B-aniganj field produced in 1868 

 more than six times that raised in 1850. The East Indian 

 Railway alone consumes nearly half the total quantity raised in the 

 country. The number of steam-engines has more than doubled 

 in the Raniganj field in eight years. Other coal-fields are now 

 being wrought, and fresh discoveries are being often made, so that 

 the supply from India itself must rapidly increase. Dr. Oldham says 

 that, in 1868, the Madras Railway used of English coal, imported 

 direct, 1,285 tons, together with a small proportion of Australian 

 coal. The Scinde Railway used in 1867 of coal, coke, and patent 



