to our Government" As the Government took the trouble to republish the despatch, it is a pity that they did not think fit to pay more attention to its contents. The reader will remember the financial condition of the country at the time of the Annexation, which was one of utter bankruptcy. After three years of British rule, however, we find, notwithstanding the constant agitation that had been kept up, that the total revenue receipts for the first quarter of 1879 and 1880 amounted to £22,773 and £47,982 respectively. That is to say, that, during the last year of British rule, the revenue of the country more than doubled itself, and amounted to about £160,000 a year, taking the quarterly returns at the low average of £40,000. It must, however, be remembered that this sum would have been very largely increased in subsequent years, most probably doubled. At any rate the revenue would have been amply sufficient to make the province one of the most prosperous in South Africa, and to have enabled it to shortly repay all debts due to the British Government, and further to provide for its own defence. Trade also, which, in April 1877, was completely paralysed, had increased enormously. So early as the middle of 1879, the Committee of the Transvaal Chamber of Commerce pointed out, in a resolution adopted by them, that the trade of the country had in two years risen from almost nothing to the considerable sum of two millions sterling per annum, and that it was entirely in the hands of those favourable to British rule. They also pointed out that more than half the land-tax was paid by Englishmen, or other Europeans adverse to Boer Government. Land, too, had risen greatly in value, of which I can give the following instance. About a year after the Annexation I, together with a friend, bought a little property on the outskirts of Pretoria, which, with a cottage we put up on it, cost some £300. Just before the rebellion we fortunately determined to sell it, and had no difficulty in getting £650 for it. I do not believe that it would now fetch a fifty-pound note. I cannot conclude this chapter better than by drawing attention to a charming specimen of the correspondence between the Boer leaders and their friend Mr. Courtney. The letter in question, which is dated 26th June, purports to be written by Messrs. Kruger and Joubert, but it is obvious that it owes its origin to some member or members of the Dutch party at the Cape, from whence, indeed, it is written. This is rendered evident both by its general style, and also by the use of such terms as "Satrap," and by references to Napoleon III. and Cayenne, about whom Messrs. Kruger and Joubert know no more than they do of Peru and the Incas.