power and independence.

STAPLE OF THE AUSTRALIAN COLONIES.

The staple of our Australian colonies, but more particularly of New South
Wales, the climate and the soil of which are peculiarly suited to its
production,--is fine wool. There can be no doubt that the growth of this
article has mainly contributed to the prosperity of the above mentioned
colony and of Van Diemen's Land.

At the close of the last century, wool was imported into England from
Spain and Germany only, and but a few years previously from Spain alone.
Indeed, long after its introduction from the latter country, German wool,
obtained but little consideration in the London market; and in like
manner, it may be presumed that many years will not have elapsed
before the increased importation of wool from our own possessions in
the southern hemisphere, will render us, in respect to this commodity,
independent of every other part of the world. The great improvements
in modern navigation are such, that the expense of sending the fleece
to market from New South Wales is less than from any part of Europe.
The charges for instance on Spanish and German wool, are from
fourpence to fourpence three farthings per pound; whereas the entire
charge, after shipment from New South Wales, and Van Diemen's Land, does
not exceed threepence three farthings,--and in this the dock and landing
charges, freight, insurance, brokerage, and commission, are included.

GROWTH OF FINE WOOL. MR. M'ARTHUR'S EXERTIONS.

As some particulars respecting the introduction of this source of national
wealth into Australia may prove interesting to the public, I have put