The Queen was very sorry to hear from Lord Derby and Mr Disraeli that Mr Villiers' Motion45 will create Parliamentary difficulties.

With respect to the financial statement, she must most strongly impress Lord Derby with the necessity of referring to our defenceless state, and the necessity of a large outlay, to protect us from foreign attack, which would almost ensure us against war. The country is fully alive to its danger, and Parliament has perhaps never been in a more likely state to grant what is necessary, provided a comprehensive and efficient plan is laid before it. Such a plan ought, in the Queen's opinion, to be distinctly promised by the Government, although it may be laid before Parliament at a later period.

Footnote 45: This Motion, intended to extort a declaration from the House in favour of Free Trade, and describing the Corn Law Repeal as "a just, wise, and beneficial measure," was naturally distasteful to the Ministers. Their amour-propre was saved by Lord Palmerston's Amendment omitting the "odious epithets" and affirming the principle of unrestricted competition.

Mr Disraeli to Queen Victoria.

FINANCIAL POLICY

London, 14th November 1852.

The Chancellor of the Exchequer, with his humble duty to your Majesty, begs permission to enclose an answer to the Address for your Majesty's approbation, and which should be delivered, if your Majesty pleases, to the House of Commons to-morrow.

Referring to a letter from your Majesty, shown to him yesterday by Lord Derby, the Chancellor of the Exchequer also begs permission to state that, in making the financial arrangements, he has left a very large margin for the impending year (April 1853-4), which will permit the fulfilment of all your Majesty's wishes with respect to the increased defence of the country, as he gathered them from your Majesty's gracious expressions, and also from the suggestion which afterwards, in greater detail, His Royal Highness the Prince deigned to make to him.

The Chancellor of the Exchequer will deeply consider the intimation graciously made in your Majesty's letter to Lord Derby as to the tone on this subject to be adopted in the House of Commons, and he will endeavour in this, and in all respects, to fulfil your Majesty's pleasure.

The Chancellor of the Exchequer fears that he sent to your Majesty a somewhat crude note from the House of Commons on Thursday night, but he humbly begs your Majesty will deign to remember that these bulletins are often written in tumult, and sometimes in perplexity; and that he is under the impression that your Majesty would prefer a genuine report of the feeling of the moment, however miniature, to a more artificial and prepared statement.