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 want of labour in New South Wales, I reply, that if the discontinuance of the system of assigning transported criminals, as agricultural labourers or as house-servants, to the free settlers of that colony, can be demonstrated to be expedient and necessary for the prevention of crime in England, and for the reformation of transported criminals, we are not to be told that the New South Wales settlers cannot dispense with convict labour. The interests of the British empire, which undoubtedly require that transportation should be rendered really efficient for these purposes, are not to be sacrificed for the private advantage of the free settlers of that colony. It is gratifying, however, to be able to state, that the interests of the free colonists of New South Wales are not opposed in this particular to the general interests of the empire: for I trust I shall be able to make it abundantly evident, that in the present advanced state of that colony, the assignment of convicts to private individuals is no longer necessary for the development of its vast resources, or for securing its rapid and progressive advancement. The free colonists of New South Wales may be divided into the three following classes:—

1st. Proprietors of sheep and cattle; depending chiefly, if not exclusively, on the increase and produce of their flocks and herds.