In its opening address to readers, the Melbourne Monthly Magazine of Original Colonial Literature declares its purpose as being the reproduction of 'the first-class magazine literature of London, the class of which Blackwood may be considered the type. This has hitherto, as far as we are aware, been unattempted in Victoria.'
The writer notes the existence in Melbourne of several daily newspapers, 'all conducted with a certain amount of ability and spirit', but offers the opinion that 'colonial journalism can scarcely cliam a standing in the literary world'. In contrast to the newspapers, 'the Melbourne Monthly Magazine will partake more of the character of a purely literary than of a political journal'.
Sir Hawkwise is shipwrecked on a 'stormy shore', but rescued and brought back to health by 'swarthy natives'. Sir Hawkwise settles, marries the King's daughter and gradually accrues land and property. Following a conflict with a local chief, violence breaks out and Sir Hawkwise is the victor. He proceeds to 'claim for his country's "flag," / the tract of land to the south, - / In payment and penalty of the wrong, / And expense of the war, for sooth!'
A final battle ensues. Sir Hawkwise captures the King and demands a ranson. Sir Hawkwise then 'pardons the people', 'extends a paternal wing' and the King 'pays an annual tribute in diamonds and corn, / For permission to kiss his hand.'