The object of Mr Wakefield, it will be seen at once, is to procure the speedy transmission in due proportion of capital and labour. The capitalist would afford the means of transferring the labourer to the scene of action; the labourer would be retained in that condition in order to invite and render profitable the wealth of the capitalist. The twofold object is good, and there is an apparent simplicity in the means devised, which, at first, is very captivating. There is nothing from which the colonial capitalist suffers so much as from the want of hired labour. He purchases land and finds no one to cultivate it; the few he can engage he cannot depend upon; the project of agricultural improvement which, if it be not completed, is utterly null and useless, is arrested in mid progress by the desertion of his workmen; or his capital is exhausted by the high wages he has paid before the necessary works can be brought to a termination. The capitalist has gone out, and left behind him that class of hired labourers without which his capital is useless. Meanwhile, in England, this very class is super-abundant; but it is not the class which spontaneously leaves the country, or can leave it. Mr Wakefield's scheme supplies the capitalist with the labour so essential to him, and relieves our parishes of their unemployed poor. But these emigrant labourers would soon extend themselves over the new country, as small proprietors,--Mr Wakefield checks this natural tendency by raising the price of land. There is, we say, an apparent and captivating simplicity in the scheme; but we are persuaded that, the more closely it is examined, the more impracticable and perplexing it will reveal itself to be. As Mr Wakefield's system has made considerable progress in public opinion, and obtained the approval, not only of eager speculative minds, but of cool and calculating economists--as it has already exerted some influence, and may exert still more, upon our colonial legislation--and as we believe that the attempt to carry it out will give rise to nothing better than confusion and discontent, we think we shall be doing no ill service to the cause of colonisation by entering into some investigation of it.