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The Pamphlet Collection of Sir Robert Stout: Volume 62

Income of the Colony

Income of the Colony.

The total income of the colony is, of course, considerably larger than this 20½ millions, though it is really only the same wealth passed from hand to hand by the instrumentality of money. I have tried to arrive at an estimate of it by going through all the classes of persons in the census and allotting incomes to them, and have tested this by comparison with the average results obtained in the leading industries, and by whatever other tests I could obtain from the works of the leading statisticians; the result is, though I have some hesitation about giving it, that I think the total amount cannot be less than £30,000,000, while it may be considerably more. If we accept this estimate, we get an average income per head of over £51, which may be compared with Mr Giffen's estimate for the United Kingdom in 1883 of a total of £1,270,000,000, or about £35 a head.

In submitting my calculations to this meeting, I can only add that I regret I am not more thoroughly qualified for the task I have undertaken, and I hope the criticisms my work will meet with will result in exposing weak points and settling doubtful ones.