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 or hey would be considered as borrowing on Government security; the proper persons to borrow money for the Government expenses would be the commissioners before named.' He saw no objection to this. Then I said, 'it appears that, after all, commissioners may be appointed, but, their powers are not to extend beyond controlling the emigration fund, and raising money by the issue of bonds.' On his saying something about the land being taken from the control of Government, I replied that all we required was the continuance of one system of granting land, supposing it to be a good one; some one mode must be the best of those in operation, and I suggested that it became His Majesty's Government to ascertain by a commission, or by a committee of enquiry, which was that best mode—this ascertained, it was incumbent on the Government to do all in their power to perpetuate that mode; and the committee would be perfectly satisfied if an Act of Parliament were passed tor the purpose of ensuring the continuance of such a plan. By these means, no land would be taken from the control of the Government. On my saying that I felt obliged to him for the kindness and attention he had shown during the negotiation, he said that he hoped I should come to him again with some modification of the plan, and he recommended especially that I should embody such a plan as our conversation of this morning had elicited—he would consider such a letter private, until I told him to consider it as official. The letter received to-day from Lefevre, on behalf of Stanley, is as follows:—

"17th March, 1834.

"I am directed by Mr. Secretary Stanley to communicate with you as chairman of the provisional committee of the South Australian Association, in reply to a letter dated the 21st ultimo, addressed to him by the