“Dipple, Dundurcus, Dandaleith, and Dalvey Are the bonniest haughs on the run of the Spey.” The stream is very rapid, having in its course a fall of twelve hundred feet; it rushes on in one continuous gallop from its mountain well to the sea, giving rise to the local proverb of there being “no standing water in Spey,” although there are pools thirty feet deep. Still, as a rule, the river is shallow, having generally a depth of about three feet; and there are places which, when the water is a little low, may be crossed by a man on foot. I have seen the rafts of wood coming down from the hills at the rate of ten miles an hour; and the Spey is not only the most rapid, but also the wildest of all our large Scottish rivers. “The cause of this is easily explained. The river drains thirteen hundred miles of mountains, many of whose bases are more than a thousand feet above the level of the sea. The Dulnain, draining the southern part of the Monagh Lea Mountains, runs more than forty miles before entering Spey; and the Avon, with a course as long, brings down the waters of Glenavon, which lies between the most majestic mountains in Britain. Besides these great tributaries, the Spey has the Truim, the Tromie, the Feshie, the Fiddoch, and other affluents, swelling her volume with the rapidly-descending waters of a mountainous country.” The river Spey is an example of a well-managed stream, and in the late Duke of Richmond’s time produced a very handsome revenue. It was well managed, because the duke fished it himself; and, of course, it was his interest to have it well protected, and to keep a handsome stock of breeding fish. For instance, in the years 1858 and 1859 the duke drew on the Spey for upwards of 107,000 salmon and grilse, and the fish in that river are as plentiful as ever. On the Spey, however, there is no confusion of upper and lower proprietors to fight against and take umbrage at each other, the river belonging mostly to one proprietor. Other Scottish rivers also yield, or did at one time yield, large annual sums in the shape of rental; and on the larger salmon rivers of Scotland the income derived by many of the “lairds” from the salmon forms a very welcome addition to their land revenues. Mr. Johnstone, the lessee of the Esk fisheries at Montrose, stated at a public meeting held some time ago in Edinburgh to protest against the removal of stake-nets, that he estimated the Duke of Sutherland’s fisheries at £6000 a year, and quoted his own rents as £4000 per annum, giving him the privilege to fish on two different rivers, on one of which he had eight miles of water, on the other six. The rents of the sea salmon-fisheries of Scotland (stake and bag nets), which the recent bill of the Lord Advocate proposed to abolish, range from £20 to £1000 per annum. Princely rentals have been drawn from the salmon rivers of that division of the United Kingdom.