J5 



bank is worth three hundred per cent, when it changes 

 hands, which is not a case of frequent occurrence. 



Newfoundland merchants have found their way into 

 the higher commercial and public life of England. A 

 late governor (and for a long time director) of the 

 Bank of England, Mr. Thomas Newman Hunt, is a New- 

 foundland merchant, whose house has borne an honoured 

 name in the colony for more than a century. Nor is 

 the colony unknown in the annals of the British Par- 

 liament. Some years since Mr. George Robinson, a 

 Newfoundland merchant, sat for Worcester ; and later, 

 within the past few years, Mr. James Johnston Grieve re- 

 presented Greenock, as one of those able, painstaking 

 business men, whose effective, though unostentatious, 

 labours have so large a share in the valuable work of Par- 

 liament. Mr. Grieve's retirement was a purely optional 

 act, and he is succeeded by another eminent New- 

 foundland merchant, Mr. James Stewart, who also fills a 

 highly useful and recognised position in the councils of 

 this nation. 



Population, Revenue, etc. 



The population of Newfoundland is about two hundred 

 thousand, chiefly descendants of English, Irish, and Scotch. 

 They are a hardy and enterprising community, inheriting 

 the qualities of their progenitors. The Government is the 

 same as that of other self-governing colonies, and works 

 well. The revenue is derived wholly from imports, and 

 the duties are levied for revenue purposes alone. It pro- 

 duces about ;^ 220,000 per annum, which is expended on 

 civil administration, roads, lighthouses, telegraphs, &c. 

 The administration of public affairs is sound in an exem- 



