State Library of NSW
there is little activity in commercial matters & increasing distress of [indecipherable] persons in the main factory districts. This inactivity is no doubt owi8ng in a great measure to national reaction, but in a very considerable degree also to the clouded horizon in the East. Nobody knows what is coming. Nations are shaping themselves. A [indecipherable] way indeed, but no country wishes for it, in fact no country has the noises of war [indecipherable] England & [indecipherable] to say France. Dizzy like a wise man is making ready, both in the matter of land & sea forms. I learnt a few days ago that leave has been refused to all the officers of the [indecipherable] for the Summer & Autumn. It is [indecipherable] indeed [indecipherable] that our attention on land at least will be [indecipherable] to Egypt where a [indecipherable] will be landed. I do not look on with indifference as I have a large sum invested
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