Australia is building up " permanent trade with South Africa, while New fa tal looks on; and yet Australia lias just deprived this Colony of her trade, so that wo arc a market short. Wc drop one market and do not take the trouble to pick up what might prove lo he n hotter one in its place. It is true that Mr Sctldoii has promised us an island trade; hut this, at its best, can only he a small tiling—n miserable compensation for a lost Australian trade, and an im possible substitute for the big South African market, which our business men regard as a sort of nettle, only they do not quite appreciate the advantages of firmly grasping it.
