224 



year 1869. Traces of gold were also obtained in several 

 places between Hadspen and the town of Launceston. Gold 

 was also discovered in the western and north-western portions 

 of the island by Messrs. Gould, Jas. Smith, C. P. Sprent, 

 Peter Lette, anil S. B. Emmett The first recorded returns 

 from the Mangana goldfields date from 1870 ; Waterhouse, 

 1871 ; the Aellyer, Denison, and Brandy Creek, in 1872 ; 

 Lisle, in 1878 ; Gladstone and Cam, in 1881 ; Minnow and 

 Eiver Forth, in 1882 ; Branxholm and Mount Victoria, in 

 1883 ; Mount Lyell, in 1886. 



EXTENT OF GOLD PKODUCE, 



The importance of the gold industry in Australasia is best 

 indicated by the fact that 76,462,619 ozs. of gold, valued at 

 ,£300,864,352 were raised between 1851 and 1883. 



The proportions yielded by the various colonies are thus 

 given by Mr. Hayter a : — 



Quantity. Value, 



ozs. £ 



Victoria 52,214,150 208,856,600 



New South Wales 9,432,759 34,971,319 



Queensland 4,170,254 14,939,304 



■ South Australia 133,181 529,771 



Tasmania 335,728 1,291,826 



New Zealand 10,276,547 40,275,532 



Total 76,462,619 300,864,352 



The value of gold raised in Australasia during 1883 is 

 estimated at £5, 522, 751, and the quantity at 1,411, 712ozs., 

 of which nearly two-thirds were obtained from the reefs or 

 veins in the solid rock. 



The average gold produce of the world during the last 

 fifty years is variously estimated at between 23J and 29 

 millions per year. 



According to Mulhall 1 ' the gold produce of the world for 

 the fifty years ending 1880 amounted to £1,448,000,000, i.e., 

 equal to an average of £28,960,000 per year. 



Of the total amount for the fifty years, the same authority 



a Year Book of Victoria, 1885, p. 384. 



b Dictionary of Statistics, p. 220 ; Victorian Year Book, 1885, p. 384. 



