4S 



AUSTRALASIA. 



of their UOits on Juno 30. 1900, in New South 

 Wah-s. Victoria, Queensland, South Australia, on 

 Jun*- :JO, ivt'.i. in \Ye.stern Australia, and on March 

 31, ]sH!. iii Tasmania an 1 sliown in the following 

 tabl: 



C'>LOMKS. 



N.-w South Wales . . . 



Virtorin 



gu.fiislaml 



Smrh Australia 



WHSNTII Australia.. . . 

 Tasmania 



of the revenue of New South Wales 2,617,313 

 were derived from taxation, 2,108,433 from 

 lands. .~>,03 1.709 from services, and 216,281 

 from other sources. Of the expenditure 2,049,- 

 220 were expended on railroads and tramways, 

 754..V_ ) 7 on the post-office and telegraphs, 2,- 

 310.271 to pay interest on the public debt, 27 

 for immigration, 72(5.498 for public instruction, 

 and 3.970.859 for other public works and serv- 

 ices. The average rate of interest on the public 

 debt is 3.63 per cent., and since four-fifths of the 

 debt was contracted for railroads, tramroads, 

 telegraphs, water- works, and sewerage, which 

 yielded a net return of 3.45 per cent., four-fifths of 

 the interest on the whole public debt was earned 

 bv these public works, on which the capital ex- 

 penditure had been 64,371,745, viz., 42,084,214 

 for railroads and tramroads, 1,127,740 for tele- 

 graphs arid telephones, 9,327,913 for water-sup- 

 ply and sewerage, and 11,831,878 for other 

 works. The public wealth at the end of 1898 was 

 estimated at 169,705,000 and private wealth at 

 378,116.000; total, 547,821,000. The revenue 

 for the year ending June 30, 1901, was 10,794,- 

 233. 



The revenue collected in Victoria in 1899 was 

 7.39(5.944, of which 1,952,453 were derived 

 from customs, 315,721 from excise, 108,745 

 from the land tax, 305,762 from the duties on 

 estates of deceased persons, 17,735 from the 

 duty on bank-notes, 162,500 from the stamp 

 duty. 40.735 from tonnage and navigation dues, 

 182.154 from the income tax, 2,849,370 from 

 railroads, 553,672 from posts and telegraphs, 

 408,652 from public lands, and 499,445 from 

 other sources. The amount raised by taxation 

 was 3,085,805. The total expenditure was 7,- 

 014,706, of which 220,199 were general expendi- 

 tures, 313,055 pensions, 1,879,148 debt charges, 

 1,703,196 expenses of the railroads, 262,025 ex- 

 penses of other public works, 520,824 expenses 

 of posts and telegraphs, 67,186 for public lands, 

 605.875 for public instruction, 332,558 for 

 charitable institutions, 162,526 for courts of jus- 

 tice, 307,848 for police and jails, 96,092 for cus- 

 toms and harbors, 137,524 for mining and agri- 

 culture, 197,585 for defense, and 209,065 for 

 other purposes. The revenue of Victoria for 

 the voar ending June 30. 1901, was 8,087,264. 

 the public debt of Victoria 37,210,611 were 

 borrowed for railroads, 7,670,807 for water- 

 works 1.111.477 for school buildings, and 2,- 

 61,382 for other public works. The average rate 

 of interest is 3.83 per cent. The local" debts 

 amount to 8,474,471. 



Of the revenue of Queensland 1.461.690 came 

 from customs, 148.423 from excise and export 

 duties, 245,426 from stamps, 62,698 from li- 

 r.n^s 66.477 from the duty on dividends, 

 from pastoral leases. 295,121 from 

 other rent and sales of land, 1,422.852 from rail- 

 roads, and 309.471 from posts and telegraphs 

 Of the expenditures 1,339,149 went for interest 

 on the debt, 103.935 for endowments to muni- 



cipalities and divisions, 286,229 for public in- 

 struction, 168,157 for the Colonial Treasurer's 

 department, 96,123 for public lands, 67,116 for 

 agriculture, 947,191 for railroads, and 362,908 

 for posts and telegraphs. The expenditure out of 

 loans was 1,182,668, of which 637,675 were 

 for railroads, 40,459 for telegraphs, 57,222 for 

 rivers and harbors, 266,710 for loans to local 

 bodies, 54,490 for public buildings, and 18,511 

 for advances to sugar planters. The revenue for 

 1901 was estimated at 4,594,370, and expenditure 

 at 4,571,738. The actual revenue was 4,327,- 

 300, and expenditure 4,571,600. 



The revenue of South Australia is derived 

 mainly from customs duties, internal revenue, 

 railroads, posts, and telegraphs, and lands, and 

 the main expenditure is for railroads and public 

 works and interest on the debt, only about 10 

 per cent, being required for civil administration, 

 justice, police, and defense. Over half the debt 

 was contracted for the construction of railroads, 

 water-works, and telegraphs. In the year ending 

 June 30, 1901, the revenue of South Australia was 

 2,818,712. 



In Western Australia 872,300, about a third 

 of the total revenue, was derived from import 

 duties, and the remainder from railroads, the 

 postal service, mines, and leases of public lands. 

 The interest on the public debt amounts to 439,- 

 825 and the sinking-fund to 377,161. 



Of the revenue of Tasmania 58 per cent, is de- 

 rived from customs duties and taxation, 32 per 

 cent, from the railroad, postal, telegraph, and 

 other services, and most of the remainder from 

 rent and sale of public lands. Of the expenditure 

 36 per cent, goes for interest, 35 per cent, for pub- 

 lie works, 10 per cent, for law and justice, 8 per 

 cent, for general purposes, 6 per cent, for chari- 

 table institutions, and 5 per cent, for education 

 and religion. A part of the territorial revenue is 

 applied to the reduction of the debt. The rev- 

 enue for 1900 was estimated at 1,040,107, and 

 expenditure at 926,364. The earlier loans, ob- 

 tained solely for the construction of public works, 

 pay 4 per cent, interest. The latest loan bears 3 & 

 per cent, interest nominally, and taking account 

 of expenses and commissions the net rate is 3.62 

 per cent. 



Commerce and Production. The value of 

 the foreign trade of the several states for 1899 is 

 given in the following table: 



The exports from the Australasian colonies, in- 

 cluding New Zealand, which rose in value from 

 78,453,000 in 1898 to 88,845,000 in 1899, fell to 

 85,394,000 in 1900, the decrease being due to the- 

 fall in the value of the wool exports, w'hich de- 

 clined in value 6,465,000, while gold increased 

 1,218,000 and all other exports 1,218,000. The 

 total value of imports increased from 68,537,000 

 in 1898 to 72,178,000 in 1899 and 79,631,000 in 

 1900. 



Of the total area of New South Wales only 

 2.440.968 acres were cropped in 1900. About a 

 fourth of the total area is covered with forests. 

 The Government had alienated 46,856,577 acres 

 and leased 128,034,958 acres. Land can be ob- 

 tained by conditional purchase or on a conditional 

 lease with the privilege of purchase, at the fixed 

 price of 1 an acre for not less than 40 or more 



