As the currency in California is dollars, not pounds, we must ask our readers to accustom themselves to dollars.  A dollar is 100 cents, and, roughly speaking, a cent is equivalent to a halfpenny, so that a dollar would be worth, of our money, four shillings and twopence.  Its value, however, varies a few cents according to the place where it is exchanged.  Bank of England notes or pounds are never worth less than four shillings and twopence, i.e., 480 cents or halfpennies, which, of course, is four dollars and 80 cents, there being 100 cents in a dollar.  The decimal currency is extremely simple when once understood.  Never less than 4.80 is given for an English pound, but sometimes 4.82 and 4.85 is obtained.

MERCED.

The lands I have for sale are situate in the County of Merced, in California, about 150 miles by rail from the City of San Francisco, They are designated “British Colony,” and at the nearest point are just one mile from the boundary of the town of Merced, and two miles from the railway station, hotel, shops, etc.  Merced town is lighted by gas and electricity, has water laid on, telephones, telegraphs, Court House, Episcopal Church, Presbyterian Church, Cumberland Presbyterian Church, Methodist Church, South Methodist Church, Baptist Church, and Catholic Church, two schools, shops of various kinds; two railroads, the main one running up to San Francisco, and down to Los Angeles and on to New Orleans, etc., and the other, a branch line to Stockton, Sacramento, etc.  Merced is 175 feet above the level of the sea; it is a pleasant little town, affords some congenial society, and I firmly believe will, before many years have passed, become an important centre, because my clients have brought water from the Merced River more than twenty miles off, by a system of canals, and have formed a reservoir of 640 acres in extent, with an average depth of 30 feet, and thus have given facilities for irrigating the country round the town.  It is certain to become a great Fruit-growing district, as its soil is so fully adapted for the purpose.  It is much nearer to San Francisco than Los Angeles, and is nearer also than Fresno and other districts which have already made themselves a name for Fruit culture.

The country around Merced has a natural fall, and is drained by many creeks, which are dry in summer, but contain more or less water in winter.

THE LANDS FOR SALE.

Merced is situated in the celebrated San Joaquin Valley (pronounced San Wharkeen), which is an immense level of fertile land, the soil generally being of a rich sandy loam, but in some districts, such as that I am now offering for sale, of a deep rich black loam of a highly productive nature, in fact, it is the decomposed vegetation and alluvial deposits of past ages, than which nothing could be more fertile.  We have good