Railways, but I need hardly say that at the last moment we have been too pressed for time to make a proper Report. We are taking out the documents with us in order to make a dispatch on the way. I hope you will approve the step we have taken in the creation of the £150,000 Bonds. If you turn to the Consolidated Loan Papers you will find that when Fitzherbert was here he seems to have contemplated the same operation as the one we have undertaken, though he afterwards gave up the idea and re-opened his Conversion. I am not so sanguine of your approval, or rather the Treasury's, of our authority to Morrison to draw for paying the supplies your departments have ordered, in case the promised remittances should not arrive in time. Really, however, more care should be taken with the Treasury by the ordering Departments, to make the remittances accompany the order. Yesterday the list of goods supplied on orders from the Government amounted to nearly £4000, with some £700 in hand. The system has been going on so long that Morrison seems used to it: but it is not creditable, and causes nasty things to be said when the Government Agent has constantly to advance his private funds for public supplies. I could go on for ever writing about one thing or another, but the hour for the mail is approaching and I must say goodbye. Looking back at the months we have been in England, there seems very little for the money: but we can say we have not spared work, and in my own case I have not been to pay a single visit in England nor gone to see any friends, till this blessed time when I am really off for a holiday till I catch the mail, sponging out the memory of all work for anything except the work & toil of pleasure. Yours ever truly F.D. BELL Hon. W. Fox