To consider, properly, the best modes and means by which we may
augment the production of subsistence, it will be proper to resolve
the question into the consideration of the elements of production,
viz. Labour, Capital and Land, and to enquire in what way we can
give to those constituent parts of production, the facilities and
encouragement they require, to compete with other branches which
are obviously under the influence of adventitious excitement.

With respect to Land, we possess it in abundance, and in quality
ready to yield what we may in a judicious manner require of it; and
it will be one of my main objects to endeavour to lay open to
Agricultural pursuits, extensive tracts which have long been locked
up in reserved superabundance. This measure has in one case been,
heretofore, sought and petitioned for; but it was not accorded to,
at that time, in consequence of doubts entertained by His Majesty's
Government, as to the value of the standing produce of that Land,
for other purposes. But it is an advantage arising from a late
appointment to a high situation in the Province, that powers are
given, subject to certain conditions and regulations which I may
sanction, to throw open portions of those reserves to meet the
improving circumstances of the Country, and this will be speedily
observed in a way that will open considerable tracts of valuable
Land to the operations of Agriculture.

Proceeding, next, to the consideration of Capital, it has appeared
to me to be very desirable, that some new measures should be taken
with a view to attract the enterprizes of Capitalists, not only to
the cultivation of fresh tracts, but likewise to that of the waste
Lands of the Province generally; and I entertain the intention of
bringing this proposition under the consideration of the High
Authorities, elsewhere, upon whom this will depend. But the
creation and accumulation of small Capitals, sufficient to enable
the working man to enter with advantage on the cultivation of a
grant of Land, of the usual extent, is a matter in degree and
practicability, much within the influence of our own measures, and
it becomes therefore subject of very fit consideration for this
meeting, composed of so many distinguished persons, who, returning
soon to their respective Countries, may give information