S74 PROCEEDINGS OF SECTION G. 
of wealth consumed, mainly the direct product of man’s personal 
services and of his auxiliary machines, is equal to £7,274,300, and 
therefore must have a bond fide capital value of say £145,486,000; 
whereas, at most, the Statistician’s private capital wealth of the 
Colony only amounts to £40,000,000, or merely 27-49 per cent. 
of the capital value of the Colony’s real consumable wealth in 
exchange. 
Similarly we have for the following countries a corresponding 
analysis of their wealth accordingly as we refer the term to the 
two very widely differing conceptions to which the same phrase 
or term is often loosely applied :— 
THe Wealth of the Country. 
The Product of Anterior Labour} The Product of Anterior and 
Agencies (Fixed Capital). Current Labour Agencies. 
Country. The Statistician’s Wealth. The Economist's Real Wealth 
in Exchange. 
A. B. (Ob D. 
Capital Value. | Annual Value. | Capital Value. | Annual Value. 
Mil. £. Mil. £: Mil. £. Milnes: 
United Kingdom ...} 10,037 °00 5O1'85 25,612:00 1,280°60 
New South Wales... 412:°00 20°60 1,364°58 68°23 
MasmAaniane venereeeeee 40°00 | 2:00 145°49 12 
CENTESIMAL, RELATIVE. 
United Kingdom ... 37°43 1:96 100 5°00 
New South Wales... 30°19 15i 100 5°00 
MaSMANIA “soveenseeen- 27°49 1°37 100 5:00 
WEALTH IN CONSUMPTION. 
When the Socialist complains of the unequal distribution of 
wealth, such is the confusion arising from the various applications 
of the term, that he is often misled by references to facts which 
have, at best, only a partial relation to the subject to which his 
attention is particularly directed. 
Tf he bases his conclusions on the “ Statistician’s Wealth,” 
and especially so when restricted to the Statistician’s Estimates—— 
of the capital value of the private wealth of the country—he is 
sure to be misled ; for the Statistician’s figures do not embrace 
any element of wealth which, during the year, is utilised or 
devoted to the immediate consumption or satisfaction of. man, 
nor for the immediate consumption of man’s auxiliary aids and 
instruments engaged in the work of reproduction. 
