The Financial Statements Of The Colonial Treasurers Of New South Wales PDF EPUB Download
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Any economic history written in the 21st century of colonial Australia, will highlight the economic gains made by Governor Macquarie, especially in the broad planning approach to efficiently and effectively use convict labour for economic improvement in the colony. Whilst Macquarie tried to make the colony safe and attractive to investors and entrepreneurs, he used the various Government business enterprises, such as the Lumber and Timber Yards, the Stone Quarry and the naval yard, to supplement the gains already accomplished by the Government Farms and the Government Store (the Commissariat) to underpin outstanding economic growth and impressive GDP in the colonial economy. The various aspects of the colonial economy make interesting reading not to mention the comparison of the Aboriginal economy of 1788 with the white economy. The study is a different approach to the colonial economy and is the first of an impressive series of studies of each of the aspects of the economy between 1788 and 1835.
Two Studies on the Role of Funding and Servicing the Colonial Finances of Nsw
Author: Gordon Beckett
Publisher: Trafford Publishing
Category: Business & Economics
This series explains the many important aspects of the colonial Economy of N.S.W. between 1788 and 1835. Guiding the colonial economy was the strong hand of a dedicated public servant - the first senior appointment by a Colonial Governor - that appointee was William Lithgow -the first Deputy Assistant Commissary-General, then the first Auditor-General of the Colony. In conjunction with the work of Lithgow, the development of the public service accounting and finance areas is developed. The dual volumes of Guiding the economy and Financing the Colony provides the foundation story of the Treasury operations in Colonial N.S.W.
The traditional recounting of early Australian Economic History is that Britain decided to settle the continent for ‘strategic’ advantages and as a source of raw materials for its industry, and as an outlet for its trading and the transfer of resources (a takeover) by the new economic managers. The official intention of settling the colony was for peaceful & co-operative economic development of the new land, beneficial to British traditional interests and not intended to undermine or engage in war with the native population, and to share what food resources were naturally available. The gulf between the two societies was too large to be bridged and the British settlement succeeded while the ancient society was destroyed. The destruction of traditional Aboriginal society was recognized by depopulation from an accepted population of about 1 million in 1788 to 250,000 by 1848 whilst an estimated 50% of Aboriginal resources were absorbed by white settlers between 1788 and 1809 The extent and content of British Colonial Investment is discussed as are topics such as the role of Immigration and Foreign Investment, the reasons for the colony, and the highlights of the British rule in the economy and the colonial economic experiment undertaken by Macquarie.
This series explains the many important aspects of the colonial economy of N.S.W. between 1788 and 1835. In conjunction with the volume, guiding the economy, this study of financing the economy, provides a full and valuable insight into the formation of the NSW Treasury and its economic policies. The arrival of the Legislative Council changed the role and duties of the Governor in a major way. Instead of the autocratic governance previously experienced, there was now the need for compromise and the acceptance of guidance from an Appointed Council. The financial statements of the colony between 1802 and 1850 have been subjected to scrutiny for the first time and most interesting conclusions have been drawn concerning the performance of the colonial economy.
Accountability as it concerns the Commonwealth Government; the obligation of governments to be financially accountable; ways in which governments answer for the use of resources taken from the public to implement social and economic policies; defining the public sector; the significance of government; the cycle of accountability in government; the structure of Australian government.