Authorship in Australia loses an important incentive in the absence of local magazines. All of the better kind have lacked sufficient public support. Several of them, including the _Colonial Monthly_ (established by Marcus Clarke), the _Melbourne Review_, the _Centennial Magazine_, and the _Australasian Critic_ (the latter conducted by the professors of the Melbourne University) promised so well that their want of support is not easily explainable. It has been attributed to an unreasoning prejudice, an assumption that being locally produced they must necessarily be inferior; but this probably does the reading public less than justice. Apparently from their contents, most of the magazines failed because they were made too Australian in character, too unlike the English periodicals to which readers had been so long accustomed. There are many fine magazines in the United States, but their conductors do not make the mistake of trying to do without British and European contributions. They know the value of names as well as of matter. Foreign writers supply about one-third of the contents of the monthlies. When great interest suddenly attaches to some national question, their enterprise, like that of the newspapers of the country, sometimes takes the special form of securing cabled summaries of the opinions of influential politicians in Great Britain and elsewhere for immediate publication. A contributory cause of the failure of Australian magazines is the fact that the cost of their mechanical production has always been higher than that of any of their imported competitors. This promises to be a difficulty for some years to come. Book-publishing, as a separate business, is also practically impossible, for like reasons. The Australian reader attaches no special value to the possibilities of the local magazine, partly because its place as a literary and art record is considered to be fairly supplied by the weekly newspapers. Moreover, it is said he demands cheapness as well as high quality in his periodicals, and knows that both can be got in several English, American and European magazines. If this be so, the same predilection will no doubt account for the spectacle of leading London firms sending to the colonies tons of their popular modern books in paper covers, and offering them at about half the price charged in the United Kingdom, where they are obtainable only in cloth-bound editions.