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ONE:A Commission had been appointed to inquire into the Department of Naval Affairs. The Commissioners, at whose head was Mr. Whitbread, had extended their researches so far back as to include the time when Lord Melville, as Mr. Dundas, had presided over that Department. They there discovered some very startling transactions. Large sums of money had been drawn out of the Bank of England on the plea of paying accounts due from the Naval Department; these sums had been paid into Coutts's Bank in the name of the Treasurer of the Navy, Mr. Trotter, who, for long periods together, used these sums for his own benefit. Other large sums had been drawn in the name of Dundas, and had been employed for his profit. Other sums had disappeared, and there was no account showing how they had vanished; but these were scored under the name of Secret Service Money, and Melville declared that the money paid into his account had gone in the same way. As much as forty-eight thousand pounds had been paid over to Pitt at once, and no account given of its expenditure. Indeed, as Pitt had nothing to do with that Department, the payment to him was altogether irregular. These discoveries created a great sensation. George Rose, who had begun life without a sixpence, but who, after attracting the attention of Pitt, had rapidly thriven and become extremely wealthy, had confessed to Wilberforce that some strange jobs had come under his notice as a member of that Department. There was a loud outcry for the impeachment of Melville. Melville appears to have been a jovial, hard-drinking Scotsman, of a somewhat infidel turn, according to Scottish philosophy of that period. Amongst Melville's faults, however, it does not appear that he was of an avaricious character, but rather of a loose morale, and ready to fall in with the licence practised by the officers of all departments of Government in the duties entrusted to them.Parliament was opened by commission on the 29th of January, four days after the formation of the Wellington Ministry. The Royal Speech referred chiefly to the affairs of the East, to the rights of neutral nations violated by the revolting excesses of the Greeks and Turks, to the battle of Navarino with the fleet of an ancient ally, which was lamented as an "untoward event;" but hopes were expressed that it might not lead to further hostilities. The Speech alluded to the increase of exports and the more general employment of the people as indications of returning prosperity. The phrase "untoward" was objected to by Lords Lansdowne and Goderich. Lord Holland denied that our relations with Turkey were those of an alliance; but the Duke of Wellington contended that the Ottoman empire was an ancient ally of Great Britain, that it formed an essential part of the balance of power, and that the maintenance of its independent existence was more than ever necessary as an object of European policy.