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 line as a whole would be better for British interests in general than that to the Portuguese coast. But there is but little probability of this. Natal wants a line from its capital to its coast, and will have such a line almost by the time that these words are published. But it cares comparatively little for a line through 175 miles of its country up to its boundary at Newcastle, over which the traffic would be for the benefit of the Transvaal rather than for that of Natal. Estcourt and Newcastle which are in Natal would no doubt be pleased, but Natal will not spend its money for the sake of Estcourt and Newcastle.

But when the route for the railway shall have been decided, whence shall the money come? No one looking at the position of the country will be slow to say that a railway is so necessary for the purposes of the Colony that it must expend its first and its greatest energies in achieving that object. It is as would be the possession of a corkscrew to a man having a bottle of wine in the desert. There is no getting at the imprisoned treasure without it. The farms will not be cultivated, the mines will not be worked, the towns will not be built, the people will not come without it. President Burgers, prone as he was to build castles in the air, saw at any rate, when he planned the railway, where the foundations should be laid for a true and serviceable edifice. But then we must return to the question,—whence shall the money come?

Well-to-do Colonies find no difficulty in borrowing money for their own purposes at a moderate rate of interest,—say 4 per cent. Victoria and New South Wales have made their