Of HONDURAS.


peace, would be productive of the most
substantial ends. This must, however,
in a very essential degree, depend on
Spanish colonial arrangement, which has
seldom discovered an excess of enourage-
meirt towards any attempts of the kind:
the times, nevertheless, are more favour-
able than heretofore.
 It might perhaps be found the most
 convenient depbt of trade in this part of
 the world. Its iminediate contiguity to
 so many important stations on the con-
 tinent seems to strengthen this opinion,
 and t render it in most respect forall
 the purposes required, more eligible than
 any of the West India or Bahama Islands.
 The establishment at Balize could at
 once command the trade of Yucatan to
 the northward, and of the extensive pro-
 vince of Guatilixala and its valuable de-
 paeidenicies to the southward. This last
 'l' peculiarly rci 'in many important ar-
 hales ofexport, of which may be parti-