We have been favoured with the following memoranda by Messrs. Eccleston and Hirst, of Queen's-place, and we recommend them to the attention of exporters of horses to the various Presidencies in India:

Extract of a letter, dated Madras, 6th February, 1844, addressed to Messrs. Eccleston and Hirst:

" The horses which have been sent to our market from New South Wales, and to which you refer in your letter of the 25th July, have realised a tolerably fair price, considering the number which arrived nearly at the same time, and we believe have on the whole resulted so as to pay the importers : they have sold at various prices, from 500 rupees to 900 rupees, and are well liked for draught. Upon the whole, our market is favourable for imports of the kind, provided only the number is not too great at one time, and that they can be landed here so as to leave a margin of 400 rupees to 500 rupees. Great care, however, should be taken in their selection in New South Wales to insure their meeting with a ready sale here. Powerful horses, of good bone and action, and of active and easy paces, fit for chargers, or fit for harness, are what are chiefly wanted."

Extract of a letter dated Calcutta, 10th January, 1844, addressed to Messrs. Eccleston and Hirst:

" We enclose you an extract from a Madras paper, which will inform you regarding the horses sent there from your quarter ; they would sell equally well here, if of good size and action for harness work, for which we believe they are chiefly adapted. If suitable to saddle they would bring higher prices."

" Australian Horses.- There have been already two batches of Australian horses recently imported into Madras, and we understand advices have been received here, by some of the agents, of another being on its way to this Presidency. These horses, we have been told, cost about ten pounds each at Sydney, and the freight and passage to India stand the shippers an additional sum of about fifteen pounds, thus giving between two hundred and fifty and three hundred rupees as the value of an Australian horse just landed at Madras. We believe these horses have realised between six and seven hundred rupees each, which satisfactorily proves, that if the supply is just sufficient to meet the demand, the speculation will always be profitable to the consignees. They are considered unexceptionable as draught cattle, and if good for any thing under saddle, must answer very well for our Cavalry. If therefore it would be cheaper to purchase them for our mounted service, we do not see why we should not encourage the Australian horse dealer in preference to the Arab and Mogul merchants. Sydney being a colony offering many facilities for the retreat of our worn-out officers, we should rejoice to see a regular steady trade growing up between it and India, and as bearing upon the national interests of both the countries, it is desirable the Government should give the subject of obtaining a periodical supply of horses for our Cavalry from Sydney its favourable consideration, provided the cattle are unexceptionable, and the supply could be always calculated upon for every emergency of the service.-

Madras Paper of 26th December, 1843.