7 NOVEMBER 1840, Page 8

Colonel Gawler, the Governor of South Australia, whose lavish ex-

penditure has brought so much embarrassment on that colony, has been recalled ; and Captain Grey has been appointed as his successor. Cap- tain Grey is favourably known to the public as an intelligent and en- terprising discoverer in Australia ; and by all accounts lie is in every respect fitted for his new office.

It is currently reported that some of the protested South Australian bills are about to be sent out on their return to the colony, during the present week. To see Government paper, however small in amount, thrown back upon their bands, may have an injurious effect in Adelaid

shaking both public and private credit. The colonists, however, are mostly practical men, and they are not likely to be led away by their

fears beyond the warranty of' the facts. From the address of their

Governor they will have learned, if they did not know it already, the progress which the colony has made in spite of mismanagement, and

the real stamina which it possesses. Indeed that address serves another and even a more useful end : it _separates as distinctly as possible, on Colonel Gawler's own showing, the actual position of the colony as to its ordinary expenditure and resources, from the heap of embarrassment and debt which is the consequence of his acts. Colonel Gawler has thus,. in the simplicity of honest purpose and unconscious folly, supplied the best proof that his removal will go some way towards enabling the colony to pursue its rapid course of prosperity. And there is reason to hope, that the long deliberation which has been given at the Treasury

to the state of South Australian affairs, by no means implies an un- favourable result as to the mere financial part of the business. Mean- while, the return of a few bills may be a good rebuke to the culpable easinese with which the colonists have allowed the Governor to coil- thme his mad course uninterrupted.—Colonial Gazette, Nov. 4.

The Colonization Commissioners have this morning issued an adver- tisement for a loan of 120,0001., guaranteed by an assurance, that "her Majesty's Government will undertake to recommend to Parliament that provision shall be made for the fulfilment of the contract with the lenders." It is understood to be the intention of the Connuissioners to pay the debts already incurred, and to honour Colonel Gawler's bills.