The advantages, however, which the colony offers to this class of emigrants, _great_ as they undoubtedly are, when considered in an isolated point of view, are absolutely of _no weight_ when placed in the balance of comparison against those which it offers to the capitalist, who has the means to embark largely in the breeding of fine woolled sheep. It may be safely asserted that of _all_ the _various openings_ which the world at this moment affords for the _profitable investment_ of money, there is not _one equally inviting_ as this _single channel_ of _enterprize_ offered by the colony. The proof of this assertion I shall rest on a calculation so plain and intelligible, as I hope to be within the scope of the comprehension of all. Before we proceed, however, it is necessary to settle a few points, as the data on which this calculation is to be founded; viz. the value of wool, the weight of the fleece, and the number of sheep to be kept in a flock. With regard to the value of the wool grown in this colony, the last importations of the best quality averaged five shillings and sixpence per pound in the fleece. This was sold last month; [March, 1819] and as the market was at that time overcharged, and as moreover the best description of wool yet produced in this colony, is far from having attained the perfection of which it is capable, and which a few more crosses with the pure breed will undoubtedly effect in it, it may be safely concluded, that this is the lowest price at which this sort of wool will ever be sold. This will be more evident, if we contemplate the gradual rise in value, which the wool from the same gentleman's flocks has been experiencing during the last four years. In 1816, it was sold for 2s. 6d. per pound in the fleece; in March, 1818, for 3s. 6d. per pound; in July, 1818, for 4s. 4d. per pound; and in March, 1819, for 5s. 6d. per pound in the fleece. For some of this last quantity of wool, properly sorted and washed, Mr. Hurst of Leeds was offered 9s. per pound, and refused it. To take the future average price of wool at 5s. 6d. per pound, is, therefore, forming an estimate, which in all probability will fall far short of the truth. However, let this be one of our data; and let us allow three pounds, which is also an estimate equally moderate, as the average weight of each fleece. The weight of a yearling's fleece may be taken at three quarters of a pound, and the value of the wool at 2s. 9d. per pound. The number of ewes generally kept in a flock by the best breeders are about 330, and we will suppose that the emigrant has the means of purchasing a flock of this size of the most improved breed: this with a sufficient number of tups may be had for £1000. These points being determined, let us now proceed to our calculation.