THE PROGRESS OF NEW SOUTH WALES—1872 To 1881. 139 
shows that whilst in the number of vessels employed in the trade 
there is no extraordinary expansion, yet in the tonnage of those 
vessels there is an increase of 1,286,021 tons, equal to 85 per cent. 
_ Fifteen or twenty years ago the larger sailing-vessels which 
_ quented this port, of from 1,000 to 1,500 tons burthen, made not 
ching in round numbersa million tons. Indeed, the carrying 
‘trade of her shipping seems to be rapidly monopolizing the com- 
merce of the world, which in some degree at least may explain how 
_ it is that simultaneously with agricultural decline the wealth of 
the country seems to increase. The Australian Colonies must 
largely participate in the advantages which this extension of her 
commerce brings to the mother country ; and New South Wales im 
Particular, with her great maritime advantages, her unlimited 
_ ‘Supply of coal, her unrivalled harbour, and her free-trade symp 
- thies, should of all others take the lead in the race of commercial 
_ Progress which the facts I have stated present for our com- 
: 4, ACCUMULATION. 
. Se the close of the year 1871 there was, in coin and bullion, m 
ied the Mint, in the Colonial Treasury, and in the sev 
_ “the Colony, £2,522,387 ; on deposit in the Banks, £7,043,885 ; 
ule in the Savings Banks, £945,914—together, £10,512,186 3 
quarts ‘erops amounted in round numbers to eight and three- 
’ We had millions. Let us see how we stood at the close of 1881. - 
£3,538, rp and bullion in the Mint, Treasury, and seve Banks, 
g2 8313 5 deposits in the Banks, £20,318,016 ; deposits in 
USS Banks, £2,698,703—making a total of £26,555,032, or at 
| per head of the total population (£35 5s.), 
oa more than double what it was ten years ago- These 
ample 
characterises 
Pa 4. ¥ people, we have evidence in the f 
fe that viossion of wealth amongst the industrial classes. 
Guilst the average deposits ten years ago did not excise 
