38 THE GOLD DISCOVERIES
vast emporium for goods where the means of absorption would
exceed the supply, and the demand be adequate to produce a
profit for the consignor under all circumstances. ’1

Taste V

Bank Statistics for New South Wales and Victoria 2

(In Thousands of Pounds Sterling)

Ttem.

Notes in Circulation .
Deposits. . .
Coin and Bullion. 5
Assets . . "
Liabilities . . .
Ratio, Res. to Deposits
Ratio, Res. to Liabilities
Ratio, Notes to Coin .

1848.

1853.

240-3 2,743
1227-7 9,552
587-2 7,376
2375-5 12,168
1487-7 12,833
47-89, 76:99
39-5 | 57-6
41 a4

1855.

3,582
10,072
4757
18.458
14,136
47-29,
| 336 |
"rE

1857.

3,644
11,330
5,340
19,082
13,652
47-19
34-1
68

Per
Cent

70

50

30

Ep
78

56

Fra. IIT. BANK RESERVES. 1848-57

Upper broken line percentage Reserves to Deposits, lower
broken line percentage Reserves to Liabilities, black line
percentage of Notes in Circulation to Reserves.

L Art. ‘Commerce and Finance of Australia ’, Bankers’ Magazine, September 1855.
? From the official Statistical Abstract for Colonial Possessions for the years
concerned.