There never was, perhaps, so rapid a rise in any settlement made by the English as that of Hong Kong, considering the very short time that it has been in our possession. Where, two years back, there existed but a few huts, you now behold a well-built and improving town, with churches, hotels, stores, wharves, and godowns. The capacious harbour which, but a short time ago, was only visited by some Chinese junks or English opium clippers, is now swarming with men-of-war and merchant ships. The town extends along the base of the mountain. Every day some improvement takes place in this fast-growing colony, but, from the scarcity of building ground, house rent is very dear, and every thing has risen in proportion. The town which, from the irregularity of the ground, has but one street of importance, lies under the highest part of a rock, which is called Possession Peak. It is built on a kind of ledge, but this is so steep that the basements of the back houses can be seen over the roofs of those in the front, although the houses are no further apart than is necessary for the streets. Above the town the rock rises almost perpendicularly; but every spot which can be built upon is appropriated, and scattered buildings may be seen half way up the rock, only accessible by tortuous and narrow paths. The houses are built of white freestone; many of them are handsome erections, and on a fine day the town of Victoria has an imposing appearance. The island is now intersected by roads, in some parts necessarily precipitous, but equestrians can make the circuit of Hong Kong without any other risk but from the marauding Chinese, who, in spite of the police, still find means of exercising their vocation. To the left of the town of Victoria is a very pretty valley, but in the middle of it is a swamp, which renders the place so unhealthy that no one can reside there: some who did, died there; and there are one or two neat little villas on it, now untenanted and falling into ruins. Strange to say, it still bears the name of Happy Valley. The harbour is completely land locked, and has two entrances. One side of it is formed by Hong Kong, the other by Kow-loon, which is part of the mainland. [Illustration: WEST POINT. HONG KONG. F. M. DELT. M. N. HANHART LITH. PRINTERS LONDON; LONGMAN & CO. 1848] But all this has its reverse. The unhealthiness of the climate is very great, and this is impressed upon the stranger while at anchor in the roads; for the first object that meets his eye is the Minden hospital ship, with her flag continually half mast high, announcing that another poor sailor had gone to his long home. When you land you will certainly meet a funeral; and watching the countenances of the passers by, their sallow complexions, and their debilitated frames, with the total unconcern with which they view the mournful processions, you may assure yourself that they must be of daily and hourly occurrence. And such is the fact.