grown out of our excessive speculations, it had pleased the Almighty further to chastise us with drought or scarcity, the condition of New South Wales, and more particularly that of the labouring classes of its population, might have been lamentable indeed. As it is I do not doubt that, by frugality and prudence, we may overcome all our difficulties; and, I am happy to say, there is nothing in what more immediately concerns the government, to lessen in any degree the confidence which I feel in the stability of the country. Cheapness and plenty cannot be permanent impediments to the advancement of any community. " I shall immediately cause to be laid before you numerous public documents of much importance, and some projects for amendment in the law. Amongst these latter will be the draft of an Act for the establishment of a General Registry, and of one to regulate the office of sheriff. I shall also have to direct your attention to the state of the law under which the Savings' Bank of the colony is established: the propriety will, I think, be readily admitted of placing the credit of this most useful institution beyond the reach of doubt. " I shall speedily cause the Estimates for the year 1844 to be brought under your consideration, and take advantage of that occasion to make a clear exposition of the financial state of the colony. " The despatch from the Secretary of State, No. 181, of the 5th September, 1842, is a document of such importance, that I think it ought to appear on the record of your proceedings, and accordingly I shall lay it before you, notwithstanding it has been already printed by order of the late council. " In this despatch, the views are explained of Her Majesty's government in respect to the Act of Parliament under the provisions of which I now meet you for the first time in this chamber.