338 PRINCE EDWARD ISLAND.

sufficient agricultural productions for staple export commodity can ever create any prosperous trade in this colony. Its fisheries can only thrive when it has a dense population, as a subsistence is too easilyobtained from the soil to tempt men away to the more labo- rious business of fishing.

Ship-building, unless it be the building of vessels for the carrying trade of the colony, and a few schooners for the Newfoundland fisheries, is at an end.

The selling of goods on credit to the farmers must be limited, and litigation also discouraged, before trade can thrive, or before spirited men can enter into business with any degree of confidence.