"Your Commissioners, after giving the fullest consideration to the evidence before them, and with their knowledge of the soil, climate, and productiveness of New Zealand, of the adaptability of the lands of the colony for close settlement, of her vast natural resources, her immense wealth in forest, in mine, and natural scenery, of the energy of her people, of the abundant rainfall and vast water-power she possesses, of her insularity and geographical position; remembering, too, that New Zealand as a colony can herself supply all that can be required to support and maintain within her boundaries a population which might at no distant date be worthily styled a nation, have unanimously arrived at the conclusion that merely for the doubtful prospect of further trade with the Commonwealth of Australia, or for any advantage which might reasonably be expected to be derived by this colony from becoming a State in such Commonwealth, New Zealand should not sacrifice her independence as a separate colony, but that she should maintain it under the political Constitution she at present enjoys."

"Your Commissioners therefore most respectfully beg to report to your Excellency that, in their unanimous opinion, it is not desirable that New Zealand should federate with and become a State of the Commonwealth of Australia."