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Its wool and oil are what merchants have hitherto principally depended upon, though other exports are now coming into play; viz. cedar-timber, hides, tallow, and salt provisions.
Cedar-timber has been tried recently, and has answered very well to a small extent: this, however, will last only till the town of Victoria on the island of Hong-Kong is completely built. By every fresh outlet for surplus stock that can be pointed out to the Australian grazier, we shall be rendering him a substantial service.
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