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.

Commodities.


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

Commodifies


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.

Commodifies.


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

Commodities.


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