Publisher's Synopsis
Excerpt from Labour and Industry in Australia, Vol. 3 of 4: From the First Settlement in 1788to the Establishment of the Commonwealth in 1901
The production of gold began to decline after 1856, and grew less every year during the whole period, in spite of some important discoveries made in Queensland and in New South Wales. Gold-mining still maintained a position of importance in Victoria, but even there, at the middle of the period, the industry, measured by the value of its production, ranked below either agriculture or grazing. The value of gold won in all the colonies during 1861 was about in 1872 it was thence forward there was a rapid decline.
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