productions, it would not be difficult to discover among the colonists themselves men of good character possessing the knowledge in which he might be deficient, and who might be assigned him as assistants, but still placed under his direction and control.  The encouragement which I consider should be held out to the director, as well as to his subordinate agents, ought not to consist of stipulated salaries, which might superinduce lethargy, and prevent them from contributing their utmost to the success of the establishment, but of a certain proportion of the clear profits of the concern, after the deduction of all contingent expences.  What I conceive this proportion ought to be, I will hereafter specify, as also the manner in which I would distribute the remainder.  The subjects which I propose for immediate consideration are:  1st, The manner in which this institution might be founded; 2dly, The number and description of the candidates to be admitted, with the manner of their occupation; and, lastly, the nature of the encouragement to be accorded them.

The means necessary for this undertaking must be unavoidably supplied by the government.  “The Police Fund” is so burdened with charges of one sort or another, that I fear it would prove of itself inadequate to the completion of this measure; although there can be no doubt, that most of the ends to which this fund is at present devoted are of but subordinate utility, and might be very advantageously postponed to the object under consideration.  The erection of the different buildings that would be immediately required for the various incipient purposes of this institution, and the supply of its inmates with provisions and the requisite implements of husbandry during the first eighteen months of its establishment, after which period I consider they would be fully able to administer in these respects to their own wants, would be the principal expences to be incurred.  About L6000 would suffice for these objects; while, in return, its operation would gradually extend itself to every district, would develope and bring to maturity various exportable commodities, which are as yet lying in embryo, and which this country does not possess in any of her colonies; and, in fine, would be more sensibly felt, and become more extensively beneficial, in proportion to its own progressive march towards perfection.

Secondly, With respect to the number of candidates to be admitted, they ought perhaps, in the first instance, to be limited to fifty, although they might, and indeed ought to be subsequently increased to not fewer than two hundred.  More than those in the commencement, before a due degree of order and economy could be introduced, would undoubtedly create confusion and an unnecessary augmentation of expence.  Fifty are as many as I conceive could be advantageously occupied for the first two or three years.  It must, however, be obvious, that the capability of this institution for the reception and profitable employment of a greater number of pupils, would very materially depend on the director, and be, in a great measure, accelerated or retarded by his ability or incompetency for a due discharge of his duties.