WELLINGTON. (From the Wellington Independent, Sept. 27.)

New Zealander, Volume 4, Issue 249, 18 October 1848, Page 2

WELLINGTON. (From the Wellington Independent, Sept. 27.)

A friend has furnished u» with the following particulars respecting the returns which may be expected ' from one hundred acres of land planted with New ' Zealand Flax. Flux cultivation it hrld to be one of the ' most important aids in regenerating Ireland, and it hm been estimated that each acre of land, laid down with that staple, yields in labor and profit one hundred pounds sterling. Wo may reasonably anticipate Ike

upon the Phormium Teoox as the only rail article of export which suoivr or later the colonists will be necessntted to depend upon. Of all productions Flax is ihe most valuable, inasmuch at. whilst the work of preparation is going on, machinery will bp required, calling into existence other resouiceg, which, without such cultivation <>t an article growiug luxuiiantly in every swamp and on every hill, must remain for nn. indefinite period dortnnnt. We trust our farmers will tm it tl>t-ir attention to the matter. Let all who can pl'iiit an acre of land with Phormium Tenax, and we bilicve the experiment will turn out so successful, a* to induce them, year by year, to increake the extent of their FUx grounds. The iced may be procured at trifling cost, and information as to mode of pUnling may be readily obtained Irjm many of those located ia tin* Hutt, Ponrua, and Karori districts :— • 11 Statement of annual produce to be expected from 100 acres of marsh or swampy land, planted with New Zeilaao Flax, commencing to cut the Flax in. the third year of cultivation— 50 tons <me piepaml Flax, at £21 prr ton £135© 50 ions bale lashing, (made from let'use of the above,) at £22 per ton lift 1 ) Expense of scraping, by native labor, .^O tons tine Flax, at £12 per ton £GOO Expense of working up refuse, and spinning into bale lash" ing, 50 tons, at £12 per ton 600 ExpeiihO of preparing fine flax. bo as to be fit for iue here, or shipment to the Colonies, or England, 50 tons, at £.5 per ton 250 Freight of raw material from the coast, 100 tons, at £3 per ton 3CO — £1750 Balance to go against outlay for planting, machinery, and interest of capital £ 70Q) Estimated ex pi use ot clearing old Flax, and transplanting FUx, 100 acres, at £5 per acre £ 500 Cost of machinery for preparing Flax 200 £1 0 From the above it will be seen that the original outlay will be returned at the end of the third year ; theft deducting from thcieturn ot the louith year, which i* as above — 3 jears interest onjC7ol, suth amount having been repaid as above, at 10 per cent., £210 2 years interest on sum required, bay £1000, at ten per cent., 200 Allowance for wear and tear of machinery 100 — £ 510 Net profit end of 4th year £ 190 After the fourth year the returns may be calculate A as follow^, viz. :— Gross return as before , , £2459 Expenses j£M7SO Interest on £1000, at 10 per tent. 100 Wear and tear of machinery 100 — £l 9&) Nett annual return £ 500

His Excellency the G>vernor-in-f hief, lady, and snite, proceeded to Auckland, on Saturday last, in H. M. S Dido. G >vernor Grey intend-* returning to this s-etilenvnt in the course of two months, and we may then expect to n ceive some notificution of hU intent turns with regard to the form of Government under wuich we are to live. — New Zealand Spectator. We are authorised to stats the office of Principal A^ent of the New Zeal md Company, vacant by the lamented deuth of Colonel Wakefisld, will, for the present, be tilled by Mr. Fox, who holds an appointment made by the late Principal Agent, and confirmed by the Court of D rectors with a view to such a contingency. No delay will therefoie anise in carrying out tbe arrangement* between the settlers and the Company, to which Colonel Wskefield had given bis asaent previous to his death. — lb.

Wellington Markets, Retail Prices, September 23 181<8.~ First flour, £W : 0 per ton; Bread, per 2 Ib, loaf, 4d. ; Beef, 6d. to 7<l. per Ib ; Mutton, 6d. to 7(1. per Ib. ; Pork, 5d to O'd* per Ib. ; Fowls, per pair, 4a. ; Ducks, per pair, 55. ; Geese, 7s. each; Tut keys, 7s. each ; Fiesh Butter, Is. 9d. ; per pound. ; Salt buitcr ls.4d. per Ib.; Potatoes. £4 per ton ; Eggs, Is; per dozen ; Cheese, .New Zealand, Is. Od. per Ib, . Bathurst, Bd. per Ib. ; Maize, iJs 6d. per bushel.; Ale, 2s. per gallon ; Hani [and Bacon, 6d. to 7d. per Ib. ; Firewood, per cord, £l.