The colony is extraordinarily rich in lead, silver, copper, iron, plumbago, and many other minerals are found in various localities, and indications of coal and petroleum are not wanting--what IS wanting, is energy and enterprise to develop these riches, and that energy and enterprise is being attracted chiefly from Victoria, first by means of concessions that I was enabled to make, and now by the reports of the new comers to their friends.

I made a small concession to a smelting company: and another, and also an iron mining company, is in the field.
17.

When on my arrival I turned around me to see what was to be looked for to supply the place of Imperial expenditure, only second to our minerals, our forests attracted my attention.

They could not fail to do so, because just before I came there was an outcry for the development of this industry by Government aid.

With Lord Granville's assent I made liberal concessions, and thereby induced a pioneer company, shortly followed by others from Victoria, to embark capital in the enterprise.
The public ardour here had, however, cooled, and an ignorant cry was raised against foreigners, and the prospects of the trade were systematically decried.