By adopting this route, the whole frontier, from the Valley of Lagoons to Gregory's last track down the Victoria (or Barcoo) would be explored; thus, without additional outlay, deciding whether Leichhardt pushed westward by the Victoria according to Gregory, or what is more probable, from some point upon the Belyando or Burdekin, according to the Rev. W. B. Clarke. The person in charge of the party was to prepare a full report upon the country traversed, while the surveyor of the party was to draw out a chart of the region explored, copies of the report and chart to be furnished to each of the subscribers, who would then be in a position individually or collectively to take measures for tendering for and occupying the country, by sending their stock overland, and their stores, etc., by water to the depôt at the head of navigation. The cost of the exploration was estimated at about £1,000, to meet which it was proposed to raise that sum by subscription; unless that amount were subscribed, the expedition to be abandoned. The leader proposed was George Elphinstone Dalrymple. The names of the subscribers of £50 each were:--Captain J. C. Wickham, R.N., Messrs. J. C. White, John Douglas, Gilbert Davidson, P. N. Selheim, A. D. Broughton, George Perry, W. A. Simpson, Ernest Henry, A. H. Palmer, Garland and Bingham, J. B. Rundle, Joseph Sharp, D. McDougal, Raymond and Co., R. Towns and Co., Griffith, Fanning and Co., How, Walker and Co., Dennison and Rolleston, F. Bundock, Edwd. Ogilvie, R. G. Watt, and J. R. Radfort. It was intended that a committee of these subscribers should be at once formed in Sydney. The reasons given for the projection of a party with such a comprehensive and magnificent scheme before it were: 1st--Because the supply of butchers' meat was even then unequal to the demand, and the latter increased more rapidly than the former. 2nd--Because the demand for sheep stations as an investment for capital was far beyond the capabilities of the settled districts; and the capital available for speculation in Melbourne in particular, was seeking new fields for employment. 3rd--Because the number of small or moderate capitalists who annually immigrate with a view to pastoral pursuits could find no field of operations within the settled districts, had to push northwards, and in a short time would occupy all available country within practicable distance of the most remote existing, or contemplated ports of shipment--Port Curtis and Broad Sound. It was anticipated that other ports equal to Moreton Bay, with its highly-favoured back-ground, Darling Downs, would be opened up by exploration. The character of the country reported on by Dr. Leichhardt, intersected as it was by some very interesting rivers, such as the Suttor, Burdekin, Mitchell, and Lynd, warranted such a favourable conclusion.