squatter to conceal a spring rather than to dig a well, and men's actions will in the main square with their interests.
I have spoken of the consequences of the squatting tenure only as they affect sheep farming, that being a subject with which I am practically acquainted; and I know the inconveniences of it, having myself suffered under them; but they affect the cattle holder nearly in a similar manner, and the breed of cattle is already beginning to deteriorate from the want of paddocks to keep the heifers separate from the rest of the herd.
I have thus given a summary of the drawbacks of a squatter's position as regards tenure, which, however, are capable of being removed by legislative enactment, and which, I trust, are but temporary. Every statement which I have made, I could substantiate by evidence taken before the committees of the Legislative Council of New South Wales did I think it necessary; but the evils which I have pointed out seem to me to result so naturally from the facts admitted on all hands, that such a course appears superfluous.
I will now give, as nearly as I can, an account of the prospects of the sheep farmer, in a pecuniary point of view. These, I am happy to say, are of a cheering kind, and after so long a growl, it is a relief to turn to a more pleasing subject. Persons who know but little of the colony, and who have only heard that money matters have been in a state of great confusion, will be surprized to hear that sheep farming at present promises to be a more remunerating employment than it has been for the last four years, or, indeed, than it has ever been in the Port Phillip district. In 1840, ewes were selling at from about 20s. to 25s. a head without station; from
