The effect, therefore, of the gradual pouring of a superabundance of convict labour into this island, must naturally be, first, to check free immigration; and secondly, to drive away those who have actually established themselves on it as their second home, and may perhaps have abandoned comfort in England in hopes of affluence there.  So great is the number actually leaving the place every year, that it is calculated that in six years, at the same ratio, there will be absolutely none left.

COMMERCIAL DISTRESS.

And yet, no further back than 1841, the Legislative Council voted 60,000 pounds to encourage immigration, thus needlessly taxing the colony to aid in producing a disastrous result, which certainly, however, no one seems to have foreseen.

Who, indeed, four years ago, could have believed that, above all other things, there should arrive a glut in the labour market?  Such an event was looked upon as absolutely impossible in the full tide of prosperity that covered the island.  Everything wore a smiling aspect.  The fields were heavy with harvests, the roads crowded with traffic; gay equipages filled the streets; the settler’s cottage or villa was well supplied with comfort, and even with luxuries; crime, in a population of which the majority were convicts or their descendants, was less in proportion than in England; in short, for the first time, in 1840 the exports exceeded the imports; trade was brisk, agriculture increasing, new settlers were arriving; everything betokened progress; no one dreamed of retrogression or decay.

In four years all this has been reversed.  We now look in vain for the signs of prosperity that before existed.  In their place, we hear of complaints loud and deep; of insolvency, of reduction in the Government expenditure; of a falling off of trade; of many beggars, where none before were known; of large agricultural estates allowed partially to return to their natural wildness; of cattle and all stock sold at half their original cost, and of every symptom of agricultural and commercial distress.  I may further add, that the funds derived from the sale of Crown lands in Tasmania in the year 1841, amounted to 58,000 pounds; in 1844, to 2000 pounds; and in 1845, to nothing.  The revenue, in the same time, has decreased one half; and, to close the financial account, at the end of 1844 the colony was in debt to the Treasury, 100,000 pounds.

REMARKS ON CONVICT DISCIPLINE.

Though many other causes may have co-operated in producing this change, it seems acknowledged by most persons, that the result is chiefly traceable to the disproportionate increase of the convict population, acting in the manner I have already described; and this is itself encouragement to reconsider the system of 1842.  But if, as some maintain, this plan has inflicted serious evils, in a moral point of view, both on the free population and on the convicts themselves, there is still greater inducement to examine whether some better mode could not be devised.