AFFAIRS OP NEW SOUTH WALES. [From the Colonial Magazine, May 31.]

New Zealander, Volume 1, Issue 21, 25 October 1845, Page 4

AFFAIRS OP NEW SOUTH WALES. [From the Colonial Magazine, May 31.]

A meeting of noblemen, merchants, manufacturers, &c, interested in and connected with the Australian colonies, took place on Thursday, the 22nd of May instant, at (he house of Messrs. Boyd Brothers and Co , No. 4, New Bank Buildings. The meeting was numerously attended by the leading men of London, Glasgow, Huddersfield, &c , and its object was to take into consideiation the present state or the colony of New South Wales, more especially the effects likely to be produced iv that colony by the introduction of ". the proposed new squatting regulations of his .Excellency Sir George Gipps, as published in the Sydney Gazette, off he 2nd of April, 1844 j and the best means of affording to the licensed stock proprietors (who are the principle producers of the important staples of the colony, such a« wool, tallow, hides/&c,; proper encouragement for the investment of their capital in live stock, and secunty for their expenditure in the improvements made at their homesteads, rented from the Crown. The Right Hon. Lord Polwaith was in the chair, supported by the Right Hon. Francis Scott, M.P., .&c. It was decided unanimously that gentlemen be immediately selected from among those present<to form a deputation to the Right Hon. Lord Stanley, to convey to his Lord; ship their mokt lespeotfui opinions on these sub* jects of such vital importance both to Great Britain and the Australian conies. The following memorial containing the lolesolulions Mas unanimously adopted :—

THE RIGHT HON. LORD STANLEY. "" My Lord,—This deputation, from a large meeting of gentlemen interested in and connected with Australia and with the trade of the colony, held in the City of London, on the 22nd of May instant, beg to lay before jour lordship the following memorial, embracing the resolutions adopted at that meeting :—: — "«That we look with alarm at the regulations obliging the wool-grower oi squatter in, that colony to buy at a high pi ice a small portion of the station required for hisstouk, which purchase ensures to him only an eight year's tenure of therun. " 'That the result of these tegnlations will be the withdrawal of oapital from a colony whereat might be employed \iith the greatest advantage, morally and politically. " 'Thatour wool trade and woollen manufactures are mainly dependent upon the prosperity of the colony of Australia. "' That it the colony received from the mother country such,encouragement as anadeqnate security given to capital would ensure, it would, in addition to its proving a great benefit to the parent country b) the consumption of itse.xp.orts and

employment of its superabundant population, render it in a great measure independent of the foreign market for a supply of wool. J "'We would, therefore, humbly suggest to your lordship the great advantage that would accrue to, the cplony and to /this country from the granting of such a term of lease as would ensure to the woolgrower time for a, return of interest and capital, instead, of the .present proposal, u hich obliges him to sink capital, and gives no security or time for such a return. ,( « -y^e venture, therefore, to propose for your lordship's consideration the granting of leases of 21 years (under such regulations as may seem advisable) as a -measure likely to promote the mutual interests of the Crown and of the tenants, to lead to the more permanent prosperity of the colony, and to give a great and lasting impulse to the woollen manufactures of this country. " ' We venture also to call your X £d»hip^s sttention to the very great and irresponsible power at present given to the local Land Commissioners, and the consequent temptation to abuse in the'administration of them. " 'That, while we are aware that the nature of the country may require the enforcement of stringenf regulations, we conceive that the,position of the Commissioners might be rendered more satisfactory to themselves, and more advantageous for the public, by the extension of the responsibility to more than one person. "'There are many other points of great importance connected with the colony, which we should' have been glad to have urged upon your lordship's attention, but we confine ourselves to the above as being, in the opinion of themeeting we have the honor to represent, of the greatest importance to the colony, and the hometradeand manufactures of this country. — We have the honor to remain, my Lord, your lordtmip's obedient seivants, (signed) Polwa*th, Chaiiman.'" The^following noblemen and gentlemen were appointed a deputation to wait upon Lord Stanley. The Hon. Lord Polwaith, the Hon. Francis Scott, M.P.,&c, &c ; Mr. Dennistoun, M.P , Mr, Oswald, M.P., Glasgow ; Messrs. Sutherland * 'Donaldson, Mackillop, Armitage(Huddestield)' Maik Boyd, Charles Enderby, Sa muel Browning' Buckle, Marsh, and Donald (Glasgow). ' The deputation was rec eived by Lord Stanley, and presented along with the, above one from merchants, &c, in Glasgow,, interested, in the Australian colonies, a copy of which we will publish next week. -Colonial Gazette, May, 31

CoMET,—There has been visible for some few evenings back, a heavenly body having the' appearance of a large star, bnt as bright in proportion to its apparent size as the planets. ' Its breadth or disc (like a small moon), is 'distinctly visible to the naked eye, and, seen, through an ordinary day and night telescope, oh , Thursday night U appeared aboutthef'si^e, of tbe'gajm^bf one's hand, and quite round, w.ithout,.beard or tail. This is supposed to be,the new comet, tlie appearance of which in the southern (hemisphere has-been announced. Its bearing is N-.E-.,' and, it rises about eight o'clock, p.m.—MaitlajidMercury, Sept. 25. ? l .< *-H OC^ .' —

Singapore papers to the end of July have arrived, which contain Calcutta news to the beginning of that month. Everything remained quiet 'oh' the' etmtineni of India.' The Dutch settlement at' Java] was in a' ! bankrupt state, and the Governor* had issued a pro* clamation forbidding the bank to redeem its soles' in specie.