L.51,406,430
Of which colonial, 17,378,550
-------------
Remaining for foreign trade, L.34,027,880

Mr Cobden knew well, however, that Gibraltar, Malta, and the Ionian Isles
are not, and cannot be considered as, colonies. They are in fact military
stations held for political and commercial objects. It would be ridiculous
to suppose that the rock of Gibraltar, with a population of 15,000 souls,
should consume of British imports alone L.1,111,176, the value actually
entered for that port in 1840. That amount should be accounted as to the
credit of foreign export trade, and so Mr Cobden reckoned it, without,
however, drawing the distinction, as he should have done. But that would
have exposed the miserable chicanery of the double dealing he had in hand;
for whilst taking credit for the exports to Gibraltar as part and parcel
of foreign trade, he proceeded, by way of doubly weighing the balance, to
charge all the civil and military expenditure of the garrison and fortress
against colonial trade, so that he treated Gibraltar as a colony in
respect of its cost, and as a foreign country in respect of its trade.
Cunning Isaac! here we have his military arithmetic:--"Upon the 1st of
January in this year, their army numbered 88,000 rank and file. They had
abroad, exclusive of India, 44,589. So that more than one half of that
army was stationed in their colonies; and as it was stated by the noble
lord the member for Tiverton in his evidence, for every 10,000 of these
soldiers that they had in the colonies, 5000 were wanted in England for
the purpose of exchange and recruiting. So that not only one-half, but
actually three-fourths of the army were devoted to the colonies. The army
estimates this year amounted to L.6,225,000, the portion of which sum for
the colonies amounted to L.4,500,000." Now, as the garrison of Gibraltar
alone consists of about 4000 men, to which add 2000 as the proportion for
the reserve in England for recruiting and exchanges, it follows that of
the 44,500 men on colonial duty, to which add the reserve in England,
22,250, one-eleventh are stationed in and wanted for Gibraltar alone, the
charge of which to be rateably deducted from the whole sum of L.4,500,000,
falsely set down as incurred for the colonies, would be about L.410,000.
If to this sum be added L.275,000 for "new works in Gibraltar," as stated
by Mr Cobden himself from the estimates--ordna