They point to South Australia, and bid us note how different is the state of things there, where land universally is worth a pound an acre or more. But to us it appears, that the character of the soil is much the same throughout these countries -- if anything, being superior in Western Australia, where there are no droughts, and where the wool produced, though the worst got up, from the want of labour, is stated by the London brokers to be pre-eminent in quality -- that colony would most naturally be sought by the emigrant in which the price of land is the most reasonable. It is not the high price of land that has caused the prosperity of South Australia. Every one who is well informed on the subject, is perfectly aware, that in 1841 and 1842, before the discovery of copper-mines, South Australia was universally in a state of bankruptcy. Never was a country so thoroughly smitten with ruin. Almost all the original settlers sank in the general prostration of the settlement, and never again held up their heads. The inhabitants slunk away from the colony in numbers; and property even in Adelaide was almost worthless. The holders of the eighty-acre sections produced far more of the necessaries of life than the non-producing population required; and the neighbouring colonies were deluged with the farm-produce of the bankrupt agriculturalists of South Australia. This model colony afforded itself the most signal refutation of the truth of the Wakefield theories; and the whole world would have been compelled to acknowledge the falsehood, but for the opportune discovery of the mineral wealth of the colony. It is to its mines that South Australia owes its good fortune, its population, and its riches, and not to any secret of political economy bestowed upon it by adventurous theorists. According to the opinion of these philosophers, New South Wales and Western Australia can never again by any possibility possess a labour-fund, because the private owners of large grants of land, which they obtained for nominal sums, can always afford to undersell the Crown. So long as the Crown refuses to sell for less than a pound an acre, this will certainly be the case; but the day will doubtless come when our rulers will condescend to enquire into the necessities of those over whose fortunes they preside; and will adopt a policy suited to the actual circumstances of the case, and not vainly endeavour to apply, universally, abstract opinions which have long been proved to be, in almost all parts of Australia, totally useless and inapplicable. THE ONLY WAY TO RAISE A LABOUR-FUND IN THESE COLONIES IS, BY OFFERING CROWN-LANDS TO THE EMIGRANT AT THE LOWEST MARKET PRICE. The Crown could always afford to undersell the private land-speculator, and might establish a permanent fund for the introduction of labour, by selling land at a low rate, AND RESERVING A RENT-CHARGE, IN THE SHAPE OF A LAND-TAX -- OF ONE HALF-PENNY PER ACRE. Thus, every grant of five thousand acres