“ The climate is not unhealthful, but disagreeable on account of strong winds and drizzling rains. The soil yields little more than grass, which grows in abundance. The chief occupation is sheep-farming, and the principal exports are wool, hides, and tallow. The trade is mainly with Great Britain and Uruguay. The annual value of the commerce exceeds $1,000,000, of which about two-thirds consists of exports. The colony is administered by a governor and two councils. ”