RESOURCES OF THE COLONY.

New Zealander, Volume I, Issue 3, 21 June 1845, Page 2

RESOURCES OF THE COLONY.

In our last number, we briefly noticed the Mineral wealth, lately discovered by Mr, Grayling, on a very limited portion of this Island, extending from the Great Barrier Island to Coromandel Harbour. When tliis correct important information is circulated in the adjacent colonies, in India, and in Europe, it cannot but attract attention, excite great interest, and induce the flow of much capital into the Colony, to be embarked in truly remunerative enterprizes. Reflecting on this deeply interesting snbject, with the map beiore us, we are led to advert to the easy communication existing between Ne\O£eaUind and the. western coast of South America:— by feping in the westeiiy winds, and return^ wg iii the soiiifn^easl trade- wincf; lukfwe conceive that a most steady lucrative commerce could be carried on, from this Colony with that part of the world. Our agricultural population would be much benefitted by such trade — for several articles of provisions, of great consumption in Peru, and all along that; coast, are all brought there from Europe, such as Hams, Salt Butter, &c. Another' excellent shipment would be Timber of all descriptions— for even fire-wood is very dear there. Rope is likewise in great demand, and realizes high prices. In exchange, there is Cocoa, which is execedingjy plentiful and cheap at Guayaquil, in Peru; but which is all now sent to Englund, round Cape Horn, and shipped again to Sydney. Near to Callao, the port oi Lima, at Salinas, there is abuudance of excellent salt, which supplies the whole coast of South America. — This would be excellent return cargo, either to this Colony or to Sydney. We would also mention, that we. have seen a letter from New South Wales, which slates, that large shipments of cedar are being made, to the new British settlement of Hong-Konu» and, consequently, that New Zealand pine is in much demand in Sjdney. We think a cargo of Kauri limbefcf direct from this Colony to our new Chinese settlements, would be very remunerate c, and be the means of bringing other productions of the Colony into demand, in that new channel for British commerce.