Summary

Charles Griffith The Present State and Prospects of the Port Phillip District of New South Wales… (1845)

And that disturbance would have continued, if government had held the money in its own hands, or even applied it to general purposes, the only difference being, that in such a case there would have been land without either capital or labour. To use their own illustration, if the blood all goes to the head' a man dies just as much as if he was bled to death—the only difference being between apoplexy and inanition.
Source: Wikisource

Charles Griffith The Present State and Prospects of the Port Phillip District of New South Wales… (1845)

The adoption of this scale of augmented upset prices has been a complete annihilation of the land fund; neither the profits of sheep farming nor agriculture can ever justify the investment of capital in land at these prices; nor do your committee believe that any capitalists will ever be induced to emigrate from the mother country whilst such a system regulating land sales is in force.
Source: Wikisource

Charles Griffith The Present State and Prospects of the Port Phillip District of New South Wales… (1845)

Many of the newly-arrived settlers at that time were forced to buy land at any price. Several had wooden houses, and all of them had hundreds of useless things. Store rent and house rent were dreadfully high, and the expense of living in Melbourne ruinous. To persons so circumstanced land became, in a financial point of view, as much an article of prime necessity as air or water in a natural one; and it is this class of men, driven to the wall between the land-jobber and the government, who excite my sympathy
Source: Wikisource

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