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 island. Between Hobart and Swan Island we passed no less than three localities where coal exists. Mines have, in all three places, been opened and since abandoned. There is no doubt that in minerals Tasmania is very rich. Like all the Australian colonies, she only wants capital, and more abundant labour, to become the theatre of busy and remunerative industries. The quid-nuncs of the London Stock Exchange smile and shrug their shoulders at the mention of Australian investments. For the gambling purposes of London jobbers, securities must be readily negotiable; and Australian stocks and shares, though offering three, and even four times, the rate of interest obtainable on the floating media of Capel Court, are of course not readily negotiable or vendible, and so for the present they are neglected. The time will come, however, nay, is on the approach now, when capitalists and workers, both, will better understand and more intelligently appreciate the boundless resources of Australasia, and a new era of enterprise and development will undoubtedly set in, which will advance the cause of true Anglo-Saxon federation more than all the fussy claptrap of irresponsible theorists, who speak so much and really do so little.

As an illustration of how really little is known of Australia, even by those who might be imagined to know most; the captain, as we were talking on this theme, pointed out to me the Flinders Island which we pass between Hobart and Melbourne. This group contains more land than all Samoa,