and possesses the power of supplying the commodities in question.  Millions more expended in the same improvident manner as heretofore, will not effect this great object; and with half the expence already incurred a politic government would have already accomplished it.  Of this assertion the labours of an individual, who, if on the one hand he has met with some support from the more liberal and enlightened administration of this country, has constantly experienced, on the other, all the opposition which the envy and malevolence of the local government could throw in his way, furnish an indubitable proof.

This gentleman, John Mac Arthur, Esq. formerly a captain in the New South Wales corps, which was afterwards converted into the 102d regiment, embarked more largely from the very commencement of the colony, in the rearing of sheep and cattle, than any other individual.  Notwithstanding the very great profits which his extensive flocks and herds yielded him, a circumstance that would have satisfied the ambition, and lulled to sleep the inquiries of a less penetrating mind, he foresaw so long as fifteen years back, what has since been realized, the crisis of general distress and embarassment, to which the course pursued by the local government, would eventually conduct; and on the occasion of his being unjustly ordered to this country by the then governor, where he soon vindicated himself from the charges imputed to him, he convinced the ministry of the advantages that would accrue to the nation from promoting in the colony the growth of fine wool; and obtained from them a considerable grant of land, and various encouragements besides, in order to enable him to carry this highly important project into execution.  Among other indulgences, he procured an order in council permitting him to embark on board the vessel that was to reconvey him to the colony, four Spanish ewes and a ram, which he had purchased out of the king’s flocks.  With this small beginning he undertook, and in spite of an incessant war waged against him by malignity and misrepresentation, the withholding in some measure of the encouragements ordered by the liberality of his majesty’s ministry, and endless other disappointments and vexations that would have damped any ordinary resolution, his efforts have been crowned with the most complete success, and he has at present not less than five thousand sheep, of which the wool from continual crosses with Spanish tups, the progeny of the few sheep purchased by him at the sale of the king’s flocks, has become as fine as the best imported from Saxony, and has been found to surpass it in elasticity, a quality highly conducive to the firmness and durability of the cloth.  Many gentlemen also of the colony who have large flocks, sensible of the folly of breeding sheep for the mere sake of the carcases, which in consequence of the limited population, and unlimited extent of grazing country, have already become of inferior value, and