By the last intelligence from the colony it appears, indeed, that a company has undertaken the establishment of a colonial bank, and obtained a charter for this purpose from the governor; but I should imagine they cannot possibly succeed in creating a permanent medium of circulation.  The constant run that their bills will have on them for payment, in consequence of the imports of the colony being so much greater than its income, will soon occasion them to exchange the whole of their capital for the mortgage securities on which they at present issue it; and although this circumstance will not perhaps detract from the profits of this institution, it will render the toleration of the existing currency, if not of undiminished, still of indispensable necessity.* The introduction, therefore, of a safe and sufficient medium of circulation may be still pronounced a desideratum, and one of the first importance to the general prosperity of the colonists.  The government in their present distressed situation, is perhaps the only power competent to the accomplishment of this beneficial object, and it is to be hoped that they will no longer delay effecting such a great and substantial amelioration.

[* This is an event which the colonists do not appear to anticipate.  It is the general belief that the colonial currency has been crushed for ever; but I am greatly mistaken if that vile medium of circulation will not again revive before the expiration of another twelve-month, unless either the capital of the bank be greatly increased, or its operations be in future confined to the discounting of bills at a short date, to the utter exclusion of the system of advancing money on mortgage securities.]

Amidst the numerous deplorable consequences that have been attendant on this constant state of embarrassment, none perhaps is more deeply to be lamented than the great check which this difficulty of finding a profitable occupation for labour has proved to the progress of population.  Mr. Malthus, who has immortalized himself by his essay on this branch of political economy, has so satisfactorily shewn that the increase of population is proportioned to the facility of procuring subsistence, and administering to the various wants of a family, that it is quite unnecessary for me to repeat arguments with which every one ought to be familiar, to prove that this colony has not been exempt from the destructive influence of causes whose operation has been steady and invariable in all ages and in all countries.  The inference that this difficulty has been a preventive to marriage, and to the consequent progress of population is self-evident:  to be understood it only requires to be stated.  But the numerical increase of the colony has been checked in a still greater degree, perhaps by the constant returns from its shores which are daily occasioned by the same causes.  What inducement, in fact, exists for any person to remain there who has the power of quitting it?  Who would