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25 Oct 1802 II Collins Extracts 5
Economy Famine probable
on the face of the most recent accounts. In October 1799,
at the very time of ad putting the Colony or Convicts upon short allowance,
& upon the strength of "a very promising appearance
of the new crops" # Collins p. 269 the Governor reduces the prices
of wheat — of the wheat purchased by him of the settlers
from £10d a bushel the more mere established price to 8d: and this at a time when but little if at all after the time when
£.1:10 thrice the ordinary price had been the price paid for the same article
by individuals [+] in March 1800 [+] In the next month November the prospect was already so much reduced by storms and caterpillers, as to cause a general account of doubt to be argued reacted to Before harvest came storms and
inundations by which the prospect of an abundant
harvest was wholly destroyed at in the most fertile not to
say only fertile districts — Georges river and the Hawkesbury. +
+ P. 289 as a measure of necessary prudence. p. 273.
Entipr Setting aside the hypothetical plan of magazining,
the Governor's purchases of grain would be limited
by the amount necessary for the subsistence of the Convicts'
(the person under his immediate dependency for whom he was bound
to provide subsistence) deducting the amount produced by on
Government land, by the labour of those to same
Convicts. The quantity of land in Government hands was by the
last recounts June 1801 above a tenth of the
quantity in the hands of individuals.
Field husbandry being the employment the only
practicable employment of the great bulk of the population
as the numbers increase, field husbandry with its produce
can not bethink but have increased. But no sooner whenever is
the supply is so far increased as to be equal to the ordinary demand
of the existing population existing at the time, from that
instant the increase of produce is at a stand. It is
with great difficulty that the settlers can persuade themselves
to continue their labours even at the present
prices: still less when those prices come to be suffer
a considerable reduction, the necessary effect of th an increase
in the quantities produced, without a corresponding increase
in the demand.
Identifier: | JB/116/093/001 "JB/" can not be assigned to a declared number type with value 116.
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ii collins extracts |
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jeremy bentham |
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