THE GOLD DISCOVERIES 
27 
TasrLE IV 
Balance of Trade for New South Wales and Victoria 
(In Thousands of Pounds Sterling) 
IMPORTS 
1850 
1851 
1852 
1853 
1854 
1855 
1856 
1857 
1858 
N. S. Wales. 
Com- 
modities. 
Bullion 
and 
Specie. 
2,078 
1,564 
1,900 
5,342 
5,981 
2,719 
5,461 
8,397 
5,817 
1,950 
332 
242 
| 
Total. 
2,078 
1.564 
1,900 
3,342 
5,081 
4,669 
5,461 
6,729 
8.059 
Com- 
modifies 
744 
1,056 
3,666 
14,680 
17,671 
'1,551 
4,285 
16,837 
14.486 
Victoria. 
Bullion 
and 
Specie. 
404 
{,163 
88 
457 
a77 
419 
8192 
Total. 
744 
1,056 
4,070 
15,843 
17,659 
12,008 
14,962 
17,256 
15.108 
Imports. 
Grand 
Total. 
2,822 
2,620 
5,970 
22,185 
23,640 
16,677 
20,423 
23,985 
91.167 
EXPORTS 
1850 
{851 
1852 
1853 
1854 
1855 
i858 
1857 
185% 
N. S. Wales. 
Com- 
modifies. 
Bullion 
and 
Specie. 
2,400 
1,329 468 
1,943 2,661 
2,742 1,781 
3,277 773 
2,675 209 
3,275 156 
3,825 187 
26877 | 1.500 
Total. 
2,400 
1,797 
1,604 
1,523 
£,050 
2,884 
3,431 
4,012 
4.186 
Com- 
modities. 
1.042 
984 
1,306 
1,387 
1,674 
2,341 
2,560 
3,140 
3 975 
Victoria. 
Raullion 
and 
Specie. 
439 
8,146 
8,674 
9,081 
11,152 
12,930 
11,940 
10.714 
Taial 
1,042 
1,423 
7,452 
11,061 
11,775 
13,493 
15,490 
15,080 
12 080 
Exports. 
rand 
Tatal 
3,642 
3,220 
{2,056 
15,584 
15,826 
18,377 
18,921 
19,092 
18.176 
Balance. 
Excess 
Imports 
over 
Kxporits. 
820 
800 
6,086 
8,601 
7,815 
1,700 
1,502 
4,893 
3 g59 
Excess of Exports over Imports shown black. 
A banker of the day, however, indicated the true cause of 
the credit restriction, and of the consequent stagnation, in the 
following words: ‘The extent of population and their power of 
consumption were entirely overlooked, and it was absurdly 
contended that mere wealth would convert Australia into one