The Perth gazette and Western Australian journal…
“ The discounting of bills and other usual means of obtaining pecuniary aid, to carry on colonial improvments, were not, we shewed, detrimental in themselves, except when carried to excess, as they stand so materially to stimulate industry—to call into operation the best and truest productive species of all capital, that of labour. The general advancement of the colony—the intrinsic value of property in the island—the wealth of nations, as Adam Smith would call it, is by that means permanently ensured. ”
