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 price of the commodities too much, to allow of their being an article of export.

This remark is, of course, not applicable to very coarse and bulky articles, and perhaps is not applicable at all to the colony in its present state, from the difficulty in directing that labour to the raising of produce, exchangeable for these manufactures with a country whose facilities for manufacturing were greater.

Accordingly, the production of fine wool has been stated, by the commissioner of enquiry, Mr. Bigge, to be "the principal, if not the only source of productive indústry within the colony, from which the settlers can derive the means of repaying the advances made to them by the mother country, or supplying their own demands for articles of foreign manufacture."

The chief obstacle to the extension of sheep stock, is the expence of transporting the wool to the place of embarkation, from those stations which are at a distance from it. This obstacle must increase in magnitude, with the increase of the flocks and their consequent distance in the interior; and this distance must soon be very great, as the virtual occupation of 9000 acres of land is stated not to enable Mr, M'Arthur to maintain more than 7000 sheep.

The sinking hopes of those, who depended on the tillage of the soil, have been