158 VALUE OF COLONIAL INDUSTRY. 



to 20,0007. The whole 600,000,0007. alluded 

 to in the land-improving scheme, may in the 

 course of time be invested in the colonies, re- 

 turning a perpetuity of 6J per cent, instead of 

 an annuity. Officers and soldiers entitled to 

 pensions, as well as annuitants, may enter into 

 equally favourable arrangements with govern- 

 ment. A farmer may insure 10007. payable to 

 his son and daughter when they become of age 

 or at any definite period, and thus obtain a 

 farm of this value in the colonies. The pur- 

 chases by this class may run individually from 

 2007. to 20,0007. If we take 10007. as an 

 average for a son and daughter, it will yield 

 a revenue of 30,000,0007. annually for the above 

 purpose, leaving the proceeds of the sales of 

 land and other property among the 10,000 

 managers and 320,000 labourers who settle 

 annually, to go as profits among themselves as 

 shareholders, after paying the 10,000,0007. 

 annually of expenses advanced by the mother 

 country. The above revenue, it will be ob- 

 served, from the number of effective hands em- 

 ployed, together with the benefits of machinery, 

 is but a tithe of the value of the property 

 which may be annually added to our colonies. 

 There are, no doubt, many objections to 



