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 of 1851 include colonial gold to the amount of £468,336, being the produce of about six months' digging.

The ratios per head of the population, at each of the last two censuses, were about as follows:—

It thus appears that while the ratio of imports shows a diminution of three shillings per head, that of exports shows an increase of £2 15s.; and that while in 1846 the imports exceeded the exports by £1 13s. per head, in 1851 the exports exceeded the imports by £1 5s.

TAXES AND CUSTOMS DUES.

The revenue of the colony of New South Wales is derived from customs dues and the proceeds of pastoral licences, an assessment on live stock, and the licences issued to gold diggers and the sale of land.

An inclination was at one time prevalent among influential members of the Legislative Council to establish a protective tariff, if the power of so doing should be conceded by the Imperial Parliament; but more sound financial ideas have recently prevailed, and in 1852 the new Legislative Council established a tariff of great simplicity and liberality, while the auction duties have been abolished, as also all port and harbour dues. In fact, Sydney offers an example of a great free-trade port.

The duties now charged on goods imported to New South Wales are solely as follows:—Ale and beer in wood, 1d. per gallon; ale and beer in bottle, 3d. per gallon; coffee, chocolate, and cocoa, ¾d. per lb.; currants, raisins, and other dried fruits, ½d. per lb.; brandy, proof strength, 6s. per gallon; gin, ditto, 6s. per gallon; rum, and all other spirits, 4s. per gallon; perfumed spirits, of whatever strength, 4s. per gallon; all spirits, liqueurs, cordials, brandied fruits, or strong waters, 6s. per gallon; refined sugar, 3s. 4d. per cwt.; unrefined ditto, 2s. 6d. per cwt.; molasses, 1s. 8d. per cwt.; tea, 1½d. per lb.; manufactured tobacco, other than cigars and snuffs, 1s. 6d. until the 31st day of December, 1853, and thereafter, 1s.; unmanufactured tobacco, 1s; per lb. until 31st December, 1853, and thereafter 8d. per lb.; cigars and snuffs, 2s. per lb.; wine, 1s. per gallon.

The eminent simplicity of this tariff has created the highest satisfaction throughout the colony. The duties on spirits and tobacco, being articles of luxury and the use of which, indeed, a wise policy would be as far as prudent to resist—can be no burden on any one.