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 That the situation of the colony of New South Wales has been unfavourable for the exportation of the surplus produce of those articles, to the raising of which, its agricultural industry has hitherto been confined, the late history, and present aspect of its agriculture, furnishes abundant proof.

As long as the demand of government was equal to the surplus produce of the country, the want of a foreign market was not felt; but when the demands of government, though increasing, ceased to bear any proportion to the increased number of cultivators, and it became impossible for each cultivator to dispose of the whole of his surplus produce to the commissariat, it was natural, that in the absence of any other internal market, he should look to another country for that demand which was no longer to be found at home. The distance of Great Britain made it impossible that he should there find a profitable market, even had the war price of agricultural produce continued. The Cape of Good Hope was looked to and tried, but there the competition of the Americans was too powerful for him to obtain a remunerating price; and, as was the natural consequence, his industry was cramped, and his fields left untilled:—nay, according to some accounts, his crops were allowed to perish on the field, because a glut of the market gave him no hopes that its sale would