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 Colony was only something over 1s. 1d. a pound. There has been a difference of quite 5d. a pound; or about 40 per cent. in favour of the Australian article. "There is no doubt," says my friend who furnished me with this information, "that valuable and useful as are Cape wools they are altogether distanced by the fine Australian. Breeding has to do with this. So has climate and country." For what is called Superior washed wool, the Victorian prices are fully a shilling a pound higher than those obtained by the growers of the Cape, the average prices for the best of the class being 2s. 6d. for Victorian, and 1s. 6d. a pound for Cape Colony wool.

Perhaps the fairest standard by which to test the prosperity of a new country is its capability of producing corn,—especially wheat. It is by its richness in this respect that the United States have risen so high in the world. Australia has not prospered so quickly, and will never probably prosper so greatly, because on a large portion of her soil wheat has not been grown profitably. The first great question is whether a young country can feed herself with bread. The Cape Colony has obtained a great reputation for its wheat, and does I believe produce flour which is not to be beaten anywhere on the earth. But she is not able to feed herself. In 1875, she imported wheat and flour to the value, including the duty charged on it, of £126,654. In reaching this amount I have deducted £2,800 the value of a small amount which was exported. This is more than 10s. per annum for each white inhabitant of the country, the total white population being 236,783. The deficiency is not very large; but in a Colony the climate of which is in so many