Generally speaking, it may be said that trade is far more speculative and profits far larger than in Europe. Capital requires and obtains at least half as much again in interest. The openings for profitable speculation are greater. In squatting, the losses are occasionally very large; but during a good season the gains are beyond all English conception, if the rate of increase of the flock, which is sometimes from 100 to 120 per cent., be taken into consideration. You hear people say that the day of the squatter is coming to an end in Australia, and that money can no longer be profitably invested in sheep-runs. If this be so, how is it that nearly every Melbourne merchant is also an owner of stations? That sheep-farming can no longer be carried on with so small a capital as in the early days may be true; but if a man has the experience, and can endure the hardships of taking up new country, he has still every prospect of success. It is in the towns only that the acquisition of wealth is becoming more difficult; but it may be laid down as a general rule, that in town or country any man with over £5,000 will, if he goes the right way to work and has ordinary luck, multiply his capital by twelve in less than a score of years; and that the impecunious man can at least find more elbow-room than at home. Clerks are said to be a drug in the market; but that is a mere farçon de parler, expressing the fact that they are the worst-paid class in Australia. It does not prevent them from getting better pay for less work than they do in England.

In the professions, as may be imagined, first-class men are rare. When we get them, it is either on account of their health or their habits. A first-rate man can do better in England than here, not only because the field is wider, but because the standard of comparison is higher. Even a second-class man should do better at home in the long-run, though for immediate results there is no place like Australia. But the man who will do well to emigrate is he who is just above the ordinary rank and file--the junior optimè of his profession. The rank and file will probably do better out here, but not so much better as to compensate them for the change of scene and life; and the Australian public will take little account of a man who cannot show ability in some direction. For specialists there is not yet much scope. Our social organism has not yet become sufficiently heterogeneous, as the evolutionists would say, though it is gradually progressing every day.

Of all the professions, medicine certainly is the best remunerated. It is not merely that a certain Melbourne surgeon--a man, however, who would have made his mark in London--is making from £8,000 to £10,000 a Year, and several other leading doctors from £4,000 to £6,000; but that the general average income is about £2,000 a year, and an unknown M.R.C.S. can within a month of his landing walk into a practice of £600 for the asking. Exceptions of course there are to the prevailing high rate of income; but they proceed mostly, not from incapacity--for there is plenty of that at £2,000 a year and of drunkenness also--but from an unwillingness to begin with the hardships of a bush life. To start well from the first in town is possible, as has been proved, but only under exceptional conditions; whereas the most mediocre medico, with a mere license from Apothecaries' Hall, can land himself in a good country practice. Provided he can stand that life for three or four years without becoming a drunkard or breaking down in health, his fortune is made. At the end of that time he either takes an opportunity to buy a town practice for a small sum, which, if he has either friends or ability, is his best course, or if he has neither, he stays up in the country, and equally obtains a fortune, though with much harder work. Bush fees are large, but bush work is hard. The bush doctor may at any moment be called upon to ride fifty miles to see a patient. In town he would only get a half-guinea fee, or in Adelaide only five shillings; but the circle is circumscribed, and it is astonishing how many five shillings can be obtained in a day.

In Melbourne and Sydney the bar still exists as a distinct institution. In Adelaide, solicitors, attorneys, conveyancers, proctors, barristers, are all united, and this reform, which works admirably, will probably soon be extended to the other colonies. What generally happens is, that one man with a penchant for the forum goes into partnership with another whose forte lies in the office; and thus, though all lawyers meet on an equality, the two branches of the profession practically remain apart. But the new régime offers great advantages to juniors, who are thus no longer dependent upon attorneys, but are brought face to face with their clients. The latter, in whose interest the reform was chiefly made, have thus, also, far more freedom of choice as regards their advocates. Comparatively easy as it is for a junior to get a fair practice, the bar has too few prizes to make it worth the while of the best men to stay out in Melbourne and Sydney. There are a few exceptions, but very few, who make over £4,000 a year, and in New South Wales the Chief Justice only gets £3,000 a year. Hence a marked weakness in the colonial bench of every colony, except Victoria, where the salaries are higher. Here and there you see a first-rate judge, but for the most part judges are ex-attorney-generals of the administration which happened to be in office when the judgeships fell vacant. Political distinction has become a sine quâ non for a candidate for the bench. The leading counsel often would not accept the office if it were offered them, and thus the just-above-the-averages form the majority of judges.

The worst paid of all professions are the clergy, and not only are they the worst paid, but the hardest worked. The bishops get from £800 to £2,000 a year, but there are very few clergy whose stipends exceed £600, and the majority live and die without getting any higher than the £350 to £400 stage. Nor have they here the social compensation which they enjoy in England. There is no Established Church, and their position is not many degrees superior to that of the ministers of other denominations. The latter, whose wants are naturally less, are quite as well, and on the whole probably better, paid. If they have any ability, £500 to £700 is easily within their reach, and one or two distinguished preachers get as much as £1,500 to £2,000.

SHOPS.

The principal shops are noticeable for their size and the heterogeneity of their contents. At first I used to think that this want of specializing was a relic of the days of 'general stores,' which still reign supreme in the country towns. But, on the contrary, the tendency is decidedly to increase the range of retail business rather than to specialize it. For instance, it is within the last five years that furniture, china and fancy goods have become attributes of all the large drapery 'establishments, and that the ironmongers have gone seriously into the agricultural machinery, clock, china and fancy goods business. Amongst these ironmongers there are two shops--Lassetter's at Sydney, and McEwan's in Melbourne--which would attract attention in London; and in Adelaide, Messrs. Steiner and Wendt's silver-ware and jewellery shops have a style of their own which does them immense credit. But, on the whole, Melbourne is facile princeps in shops as in everything that may be said to enter into the ladies' department. The windows' in the fashionable part of the town are dressed anew every week, and with a taste which reminds one of Paris. But in spite of this, the best class of articles are difficult to get, and the few shops that keep them charge almost ridiculous prices. One would suppose that a better class of things would be obtainable in free-trade Sydney than in protected Melbourne, for while freights and commissions fall equally upon the just and upon the unjust, an ad valorem tariff such as that of Victoria presses very hard upon high-priced goods. But, as a matter of fact, the metropolitan and fashionable character of Melbourne more than counterbalances the tariff; and, so far as I can judge, you have as good if not a better chance of getting an article de luxe in the protectionist as in the free-trade city. Of course the latter is the cheapest, but by no means so much cheaper as the difference in tariff would imply, competition being much keener in Melbourne.

In Sydney, however, there is less adulteration and palming off of inferior for good articles. A curious instance of this came under my notice. Shortly after a recent imposition of an extra five per cent upon boots, I bought a pair exactly similar to some I had previously got at the same shop. The charge was exactly the same as before; and on my asking the shopman how it was possible for him to avoid raising his price, he candidly told me that people were accustomed to pay a certain price for a certain article, and that therefore he had been obliged to order an inferior boot, made to look exactly the same. 'My customers won't pay more, sir,' he added; 'and if I were to stick to the same quality as before, they would go to other shops, where they could get an inferior boot, looking just as good, for the old price.

Although there are some dozen places in Melbourne and half-a-dozen in Sydney which are equal, if not superior, to any in Birmingham or Manchester, the general run of colonial shops are little better than in English towns of equal size, and their style is as English as English can be, especially the smaller shops.

But in one respect there is a great difference. The English shopman generally knows his business thoroughly, the colonial rarely. Supposing, for instance, you want some article of ironmongery in an English shop, the attendant shows you an assortment to choose from, pointing out the special merits of each variety of the article as made by different manufacturers, and guiding, but not presuming to dictate, your choice. The colonial, on the contrary, begins by asking an exact description of what you want; and then, feeling sure that he knows much more about your requirements than you do yourself, brings you very likely something that will 'do,' but is not exactly what you want. He does not enjoy the trouble of laying before you a variety of things to choose from, and except in first-class shops he does not seem to care much whether you buy or not. The result often is, that you either are strong-minded enough not to buy at all, or so weak-minded as to take das erste beste that is put before you. Either is unsatisfactory. So far has this custom of knowing everything proceeded, that at a leading dressmaking establishment in Melbourne when a friend of mine was ordering a dress, the fitter after the lady had chosen the stuff, and pattern, said, 'Of course you'll leave the details to me, ma'am,' the details including the length of the skirt and all the gatherings and miscellaneous ornamentations, which make all the difference between a pretty and a tasteless dress, and in which individuality has a chance of showing itself. As regards civility in the first-class establishments, there is little difference from the obsequiousness of the old country; but what difference there is, is in favour of the colony. In the second-rate shops there is often an unnecessary assertion of the shopman's equality with his customer, and a great indifference as to whether he buys or not. In the small shops where the proprietor or his family serve you themselves, the thermometer of civility registers a rise again, though sometimes after a rough fashion.