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If then, the interest of British commerce requires to exclude the Czar from the Baltic, “the interest of our State ought to be no less a spur to quicken us to that attempt. By the interest of our State 1 would he understood to mean neither the

party measures of a Ministry, nor any foreign motives of a court, but precisely what is, and ever must be, the immediate concern, either for the safety, ease, dignity, or emolument of the Crown, as well as the common weal of Great Britain.” With respect to the Baltic, it hasfrom the earliest period of our naval poweralways been considered a fundamental interest of our State; first, to prevent the rise there of any new maritime Power; and, secondly, to maintain the balance of power between Denmark and Sweden.