know his way. Dr. Featherstone said my account was the best he had heard, and he said that I gave good reason for the views I held. I did not deny that the position of N. Z. would be greatly altered for a time if wool went down to old prices. I am however glad to inform you that the opening sales have been very firm. In New York - New Zealand wools could be obtained - at prices asked in the Colony. Dr. Grace goes on by the S. F. Mail, he will most likely be in Wellington before you get this.