The chief promenade in Stanley is called Ross Road, running right and left of the principal street for about two miles.  On one side of it are built a number of houses facing the water, and among them are two or more hotels, of some pretensions.  Behind this road are some smaller streets, inhabited by labouring people, Spanish Gauchos, and others. There are, perhaps, rather more than a hundred houses in the town, and between 400 and 500 inhabitants, including boatmen, stray sailors, Gauchos, and other wanderers.  Several of the houses have gardens which produce a fair supply of vegetables, and beef is to be had in abundance; but as the colony produces very little else in the way of food, the inhabitants are somewhat hard up in that respect.  The islands alternately belonged to England and Spain, till, in 1774, they were finally evacuated by the latter power, though it is only of late years that they have been systematically colonised by England.  The first governor, Lieutenant Moody, arrived there in 1842, when the site of the intended town was changed from Port Louis to Port Stanley.  As a proof of the value of the islands, Mr Lafosse, a British merchant at Monte Video, paid 60,000 pounds to have the right over all cattle of every description to be found on the East Falklands, for six years and a half. From what I heard, the climate is very healthy.  It is at times windy, but in summer it is as mild and dry as the south of England.  In winter the cold is never severe, and only at intervals of several years does snow fall to any depth, so as to risk the destruction of cattle.  The most remarkable production is the tussac, a gigantic species of grass, which grows to the height of ten feet, and is capable of sheltering and concealing herds of cattle and horses.  The core of this grass is of so nutritious a nature, that people have been known to live for months on it, and to retain their health.  From this cause the animals on the islands grow to a great size, and their flesh is of a particularly fine flavour.  The great object for which the settlement was founded, was to afford a place where ships might repair, and to supply those going round Cape Horn, or returning home that way, with fresh provisions.  It is also under contemplation to make it a penal settlement, for which it is in many respects particularly adapted, if sufficient employment for the convicts can be found.