are not perhaps one-fourth of what they ought to be if ie 
1 
» 
140 THE PROGRESS OF NEW SOUTH WALES—1872 To 1881, 
people were taught to exercise a little more self-restraint, 
t 
exaggeration to say that there is no country in the world wher — 
the hours of labour are so short, the remuneration so liberal, the 
necessaries of life, on the whole, so moderate in price, and the 
means and opportunities of — so largely availed of; but 
we are a thriftless community, as is amply evidenced by the lange 
amounts of eleemosynary aid contributed by the State and by 
voluntary contributions in support of charitable institutions, et 
ceeding, as it sag faaette ait a year, or at the eye . - 6d. 
head for every man, woman, and child in the 
The discounts : the asl Banks at the close of 187 1, and the 
mortgages on land and live stock, and the liens on wool aad crops, 
amounted to nine and a-half millions sterling ; whilst at the clow 
of the year 1881 they amounted to :—discounts, £20,935,5%) 
mortgages on land, £5,268,449 ; ditto on live stock, £4, "623,914; 
liens on wool, £904, Oll: ditto on crops, £42. a 
£31,774,224. "The discharges during the course ‘of the yet 
amounted to £4,800,156,—leaving the sum of £26,574,068 at 
net liability on the trade and industries of the Colony at the dos 
of the last yet The net liability at the close of the year 180 
was £6,906,066 ; at the close of 1871 it was £8, 733,847, and at 
the close of 1881, £26,974,068. ; 
o greater eeidenas could be adduced in support of the cm — 
clusions to which this inquiry has brought us as to the marvells 
think that w of the trade and resources of the Colony. I dont | 
to fear. But money won’t manage itself, and we have seen | 
we have more than three times the money to look after bee | 
ten go. It behoves us, then, to eeire and examine ® 
system on which this large credit is worked, and assure oums¢”” 
£ its soundness and rectitude. Our large aoe 
readily recognize where capital can be safely advanced a 
capable of understanding the opportunities constantly presenti 
themselves in a new country like this, and making a sap 
Ss e conclusion of my review of the pi ae of the * 
from. 1862 to 1871 T find these words :—“ We appear now | 
