TOO RICH.

Dunstan Times, Issue 499, 10 November 1871, Page 1 (Supplement)

TOO RICH.

Tne Melbourne Age says :—Victorians arc once move in danger of becoming disgustingly rich. The banks are overflowing with money. The rise in the price of wool, the increase in the yield of gold, the diminution in the imports of goods, the manufacture of which has been commenced in the colony have so affected the balance of trade that the in portatiou of English sovereigns has set in and is likely to continue. That time so longlookcd for, when the gold is to be kept in the colony, has come at last, and the march of improvement may be expected to be henceforth rapid. This is no dieam. The yield of gold is already half a million more than it was in the first seven months of 1870, and the increased value of -wool represents probably a similar amount By the end of the year the balance in favor of our exports over our imports is likelv to be upwards of a million and a half, and this increase is all the more wonderful when it is borne in mind that at the corresponding period of last year the balnace was three-fourths of a million the other way. The balance in the first eight months of 1871, is thus more favorable than it was in the month of August, 1870, by nearly a million and three-quarters, and the disproportion is going on increasing. There are thus ample hinds to the credit of the colony for investment in the establishment of new industries, and the quality of our moneyed men will be put to the proof in the enterprise displayed by them at such a 'juncture. ■