I propose, therefore, that one of those associations should be formed in which the risk of each of the members is confined to the amount of his stake in the concern. The first step would be to draw up a prospectus. In this I would advise that no mention should be made of the fact that the Erewhonians are the lost tribes. The discovery is one of absorbing interest to myself, but it is of a sentimental rather than commercial value, and business is business. The capital to be raised should not be less than fifty thousand pounds, and might be either in five or ten pound shares as hereafter determined. This should be amply sufficient for the expenses of an experimental voyage. When the money had been subscribed, it would be our duty to charter a steamer of some twelve or fourteen hundred tons burden, and with accommodation for a cargo of steerage passengers. She should carry two or three guns in case of her being attacked by savages at the mouth of the river. Boats of considerable size should be also provided, and I think it would be desirable that these also should carry two or three six-pounders. The ship should be taken up the river as far as was considered safe, and a picked party should then ascend in the boats. The presence both of Arowhena and myself would be necessary at this stage, inasmuch as our knowledge of the language would disarm suspicion, and facilitate negotiations. We should begin by representing the advantages afforded to labour in the colony of Queensland, and point out to the Erewhonians that by emigrating thither, they would be able to amass, each and all of them, enormous fortunes—a fact which would be easily provable by a reference to statistics. I have no doubt that a very great number might be thus induced to come back with us in the larger boats, and that we could fill our vessel with emigrants in three or four journeys. Should we be attacked, our course would be even simpler, for the Erewhonians have no gunpowder, and would be so surprised with its effects that we should be able to capture as many as we chose; in this case we should feel able to engage them on more advantageous terms, for they would be prisoners of war. But even though we were to meet with no violence, I doubt not that a cargo of seven or eight hundred Erewhonians could be induced, when they were once on board the vessel, to sign an agreement which should be mutually advantageous both to us and them.