according to his means, well supplied with water—if possible, taking in every water-hole in the neighbourhood, as water, in many parts of New South Wales, is far more valuable than land. By this line of conduct, he will secure to himself the advantage of, perhaps, several thousand acres of excellent land—thus rendered useless to any other person; and then he need not view the visit of a new emigrant with apprehension.
When the settler has, at length, obtained his land, he ought to form his establishment on it, without delay; and it is presumed he has acquired, from personal observation, the most judicious mode of doing so. I may only state, that he cannot be too cautious in the expenditure of his capital, in improvements on his farm; more particularly in expensive buildings.
In all his pursuits and improvements, he ought to have in view the growth of fine wool, which, especially in the interior, must constitute his principal revenue; and it is supposed, that while he has been looking out for land, he has also been employed in procuring a flock or two of young ewes, which, at present, can be obtained, of good quality, for one pound per head.
Many calculations have been made, as to the immense increase of sheep, and the profit to be derived therefrom; but, as these calculations are frequently just within the limits of possibility, the settler may be disappointed in the anticipated results. Suffice it, therefore, to mention, that sheep-farming, taking all contingencies into consideration, offers an excellent and safe means of obtaining a large return for capital thus invested.
I would not recommend emigrants to carry out with them overseers, or indentured servants of any description, as I have never yet seen, nor heard of, such engagements terminating satisfactorily: on the contrary, they have invariably proved a source of great annoyance, expense, and inconvenience. The emigrant can be at no loss for servants in the colony, either free or assigned; especially as the Government very consider-
