Some of the individual pearls secured have been remarkably large, weighing 100 grains and over. Returning visitors from Tahiti, with views magnified doubtless in proportion to the distance of the objects of their description, credited Queen Pomaré with the possession of some sufficiently large to be used for billiard-balls. Sixty years ago superb pearls could be obtained from the natives for a few gallons of rum or a small number of pieces of cheap calico, and several shrewd traders made great profits in the business. But as trade at the islands was open to vessels of all nationalities, the competition increased, with the result that the natives gradually learned the high estimation in which pearls are held, and in recent years it has not been unusual for one of medium grade to sell higher in Oceanica than it would in Europe. It is difficult to form a reliable estimate of the value of the pearling industry of the South Sea Islands. The Tuamotu group, with 4000 fishermen, yields, in an average season, about 450 tons of mother-of-pearl, worth about £65,000 in London, where most of it is marketed. The yield at the remaining French islands is less than that of the Tuamotus. Probably the total yield of mother-of-pearl in all the South Sea Islands is not far from 900 tons, worth about $700,000. No statistics whatever are available regarding the yield of pearls, and the estimates sent from the islands are small compared with those made by London and Paris firms who import the pearls. A large number of persons living in Papeiti and many traders visiting the islands depend very largely on pearl-dealing for a livelihood. From the yield of pearl shell and estimates made by dealers, we are inclined to put the value of the pearls secured in an average season from all the South Sea Islands at about $125,000, only a small portion of which goes to the fishermen themselves, the greater part representing profits of the traders. PEARL FISHERIES OF AUSTRALIA Ocean’s gem, the purest Of nature’s works! What days of weary journeyings, What sleepless nights, what toils on land and sea, Are borne by men to gain thee! UNKNOWN.