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The Pamphlet Collection of Sir Robert Stout: Volume 70


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The subject of the Indebtedness of Australasia is rapidly being brought by the force of events to the very front of public affairs, and it is becoming imperative that the subject should be understood.

What Bacon called "the heroic work of colonization" Las been thrust aside in Australasia in favor of a more showy development, which has crowded people into cities and piled up a mountain of debt, a bigger one than ever before burdened a population of four millions. It is time the position was reviewed, the borrowing checked, and more earnest attention given to the creation of actual wealth.

The following pages were written for the Sydney Morning Herald, and appeared as articles in that journal during the month of June. The articles were the result of much study and investigation, and they aroused great interest not only in this but in the adjoining colonies, and it is in response to repeated requests that they are now published in a collected form.

The Author is indebted to the courtesy of the proprietors of the Herald for permission to republish.