encouragement Mr. M'Arthur purchased two ewes and three rams, from the
Merino flock of His Majesty King George the Third. He embarked with them
on his return to New South Wales in 1806, on board a vessel named by him
"the Argo," in reference to the golden treasure with which she was
freighted. On reaching the colony he removed his sheep to a grant of land
which the Home Government had directed he should receive in the Cow
Pastures. To commemorate the transaction, and to transmit to a grateful
posterity the recollection of the nobleman who then presided over the
colonies, the estate, together with the district in which it is situated,
was honoured by the name of Camden.

EXPORT OF WOOL TO ENGLAND.

Since that time the value of New South Wales wool has been constantly on
the increase, and the colony are indebted to Mr. M'Arthur for the
possession of an exportable commodity which has contributed very
materially to its present wealth and importance. Such general attention is
now paid to this interesting branch of rural economy, that the importation
of wool into England from our Australian colonies, amounted, in 1832, to
10,633 bales, or 2,500,000 lbs. It has been sold at as high a price as
10s. per lb.; but the average price of wool of the best flocks vary from
1s. 6d. to 4s. 6d. at the present moment. The number of sheep in New South
Wales alone was calculated in the last census at 536,891 head. The
ordinary profits on this kind of stock may be extracted from the Table
given in the Appendix to the first volume of this work.

WHALE FISHERY.

Among the various speculations undertaken by the merchants of Sydney,
there is not one into which they have entered with so much spirit as in