Closely resembling Great Britain in situation, size, and climate, New Zealand is often styled by the colonists “The Britain of the South,” and many affect to believe that her future is destined to be as brilliant as has been the past of her mother-country. With the exaggeration of phrase to which the English New Zealanders are prone, they prophesy a marvellous hereafter for the whole Pacific, in which New Zealand, as the carrying and manufacturing country, is to play the foremost part, the Australias following obediently in her train.

Even if the differences of Separatists, Provincialists, and Centralists should be healed, the future prosperity of New Zealand is by no means secure. Her gold-yield is only about a fifth of that of California or Victoria. Her area is not sufficient to make her powerful as an agricultural or pastoral country, unless she comes to attract manufactures and carrying trade from afar, and the prospect of New Zealand succeeding in this effort is but small. Her rivers are almost useless for manufacturing purposes, owing to their floods; the timber-supply of all her forests is not equal to that of a single county in the State of Oregon; her coal is inferior in quality to that of Vancouver's Island, in quantity to that of Chili, in both respects to that of New South Wales. The harbours of New Zealand are upon the eastern coasts, but the coal is chiefly upon the other side, where the river bars make trade impossible.