In bales the total exports of last year were 153,000, of an average of about 300 lb. weight each. This article alone would afford return cargoes for from thirty to forty thousand tons of shipping. The yield both of wool and tallow must increase enormously in a few years; and when an ample supply of homeward freight is afforded, our emigration houses will be enabled to reduce considerably the outward passage-money for emigrants to the colony, and thus add to the numbers of its population. But we cannot regard the discoveries which have been made in the countries of the Pacific as merely tending to give an impulse to our commerce, and to afford increased employment to our shipping and to industry at home. We must regard them in a much more extended light. The important change which is taking place may fairly be termed the opening out of a new quarter of the globe, rich beyond measure in all the products which are valuable and useful to man, and the establishment, in its centre, of an Anglo-Saxon empire, whose future destiny and greatness it is almost impossible to predict rightly. A glance at the position of Australia will be sufficient to show its great commercial importance. To the north-westward it has the fertile islands of Java, Sumatra, Borneo, the Philippines, Ceylon, with the vast continent containing China and Hindostan. The extreme portions of these are at less than half the distance which lies between them and Great Britain. From Melbourne to Madras is little more than 5700 miles, whilst the nearer islands in the Indian Ocean are only distant from 3000 to 3500 miles. From Melbourne to any portion of the west coast of North and South America the distance, by the eastward Pacific route, is 8000 miles, or little over that from Great Britain to Cape Horn. It is thus in closer proximity than the mother country to San Francisco, New Granada, Ecuador, Peru, Bolivia, Chili, and La Plata. There can no want occur of any of the products of the tropics, at all events, to a country occupying a central position as regards such markets as we have named, rich in all that conduces to the comfort and the luxuries of life; whilst of those products which are raised in the temperate zone, Australia has soils of her own capable of providing her with food in abundance, and raw materials amply sufficient to pay for all that she will require to import, without drawing upon her vast stores of the precious metals. These must rapidly become available to create for her population a capital for the purposes of commerce, a mercantile marine, railways, and other improved communications, well-built towns, substantial public works, and the usual accompaniments enjoyed by settled and prosperous communities. There can be no doubt that the absence of these are amongst the main causes which retard emigration to the colony of families belonging to the middle and superior classes, and the absence there so generally regretted of what