| The Governor.—His Functions: Political and Social. —His Emoluments.—Administrations that have held Office.—Number of Members of Council and Assembly. —Emoluments of Assembly Members.—Good Results of Responsible Government in Queensland | [19-32] |
[CHAPTER II.]
PUBLIC FINANCE (1859-1884).
| Importance of Sound Finance.—A Great Colony Starts upon a Bank Overdraft.—First Year's Revenue.—Land Sales as Revenue.—Deficits in First Decade.—Transfer of Loan Moneys to Revenue to Balance Accounts.—Heavy Public Works Expenditure.—Crisis of 1866.—Inconvertible Paper Currency Proposals.—Flotation of Treasury Bills. —Higher Customs Duties.—Wiping Out a Deficit by Issue of Debentures.—Transfer of Surplus to Surplus Revenue Account to Recoup Loan Fund.—Incidental Protection. —Railway Land Reserves.—Proceeds Used as Ordinary Revenue.—Three-million Loan.—Condition of Affairs at Close of First Quarter-Century.—Phenomenal Progress; Prospects Bright | [33-38] |
[CHAPTER III.]
PUBLIC FINANCE (1884-1893).
| The Ten-million Loan.—Ministers Practically Granted Control of Five Years' Loan Money.—Vigorous Railway Policy.—Effect of Over-spending.—Inflation of Values.—Increased Taxation.—Succession of Deficits. —Second McIlwraith Ministry.—A Protectionist Tariff. —Temporary Increase of Revenue.—Heavy Contraction in 1890.—Another Big Loan; Failure of Flotation. —The First Underwritten Australian Loan.—Amended Audit Act Limiting Spending Power of Government | [39-42] |