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 within limits that would be expedient elsewhere. The wool of New South Wales forms at present its chief wealth. The proprietors of thousands of acres find it necessary, equally with the poorer settlers to send large flocks beyond the boundaries of location, to preserve them in health throughout the year. The colonists must otherwise restrain the increase, or endeavour to raise artificial food for their stock. Whilst nature presents all around an unlimited supply of wholesome pasture, either course would seem a perverse rejection of the bounty of Providence. Independently of these powerful reasons for allowing dispersion it is not to be disguised that government is unable to prevent it. *&emsp;*&emsp;* The question I beg leave to submit is simply this: How may government turn to the best advantage a state of things which it cannot wholly interdict? It may be found practicable, by means of the sale of land in situations peculiarly advantageous, however distant from other locations, by establishing townships and ports, and facilitating the intercourse between remote and more settled districts of this vast territory, to provide centres of civilisation and government, and thus gradually extend the power of social order to the most distant parts of the wilderness."

In answer to the suggestion for raising the price of land, made at the instance of Colonel Torrens, chairman of the South Australian speculation, who found "semi-barbarous" Port Phillip a serious rival to his model colony:—

"Whatever minimum is fixed, there will be found instances in which land acquired at that price without opposition will prove a cheap bargain; but such is not often the case. Land even of very inferior quality, happening to possess a peculiar value to the individual purchasing in consequence of its proximity to his other property, finds a sale solely on that account, cannot be considered as cheaply obtained, even at the minimum price. The cases in which land is sold without opposition, from ignorance of its marketable value on the part of the public, or from the secret agreement or friendly forbearance of those otherwise interested in bidding against each other, must diminish yet more and more as the colony advances in wealth and population; nor are such accidents, even if they were more numerous, deserving of much consideration. It is upon general tendencies and results that all questions of public policy are to be decided.

"The lands now in the market form a surplus, in many cases a refuse, consisting of lands which in past years were not saleable at any price, and were not sought after even as free grants.

"By deciding to dispose of them at 5s. an acre, it by no means