Very soon after the discoveries, Governor Fitzroy had sent home a
memorial from the Legislative Council at Sydney, praying for the
establishment of a branch mint in that city, and similar applications
soon followed from the other colonies. On March 22, 1853, a Treasury
minute sanctioned the applications, and colonial mints were shortly
afterward established by order in council. But in the mean while the
South Australians had got over their difficulty by passing a colonial
act authorizing the issue by the Colonial Government of gold ingots, of
slightly higher intrinsic value than the coins they were supposed to
represent, stamped with an authentic mark. These ingots were not made
legal tender, and the only object of the government mark was to
guarantee quality and weight. But they were generally accepted in
official and commercial transactions, they tided over the crisis of
scarcity, and the Home Government, though with due official caution,
approved the action of Governor Young.
In Tasmania, the main difficulty arose from the drain of emigrants. In
August, 1851, Sir William Denison wrote home urging the transportation
of more convicts or "probationers," on the ground that there would be a
great demand for foodstuffs by the neighboring colonies, while the
supply of agricultural laborers would be shorter than ever. Both
Tasmania and South Australia united in deciding upon the continuance of
the system by which free emigrants were sent out at the expense of the
land fund of each colony, notwithstanding that such emigrants would
probably leave for Victoria immediately after their arrival. Of the
existence of this contingency there could be little doubt. On January
16, 1852, the Governor of Tasmania wrote: "I have a number of men who
have come back from Mount Alexander after an absence from this colony of
not more than eight weeks, with gold to the value of one hundred twenty
pounds to one thousand pounds." During the five months which followed
the writing of this letter, four thousand persons (most of them
wage-earners in the prime of life) left Tasmania for Victoria. As the
whole population of Tasmania was at this time only about fifty thousand,
the matter was serious. Nevertheless, Tasmania tided safely over the
difficulties of the gold period, and even was able to help her sorely
tried sister.
Public-domain text, read in full here on John Shaqi.
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