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PRODUCTION OF GOLD AT SYDNEY AND MELBOURNE.

By the last advices received from Sydney we have the following information respecting the quantity of gold obtained and exported to England since the discovery of the "diggins" in May, 1851. It will be seen that the total produce of Sydney and Melbourne is of the estimated value of £3,654,348, even at the reduced price of 658. per ounce. We quote the figures on the authority of the Sydney Morning Herald:Twelve months have rolled round since the startling announcement was made that the soil of Australia was as rich, or even richer, than that of California, and in those twelve months how wonderful has been its production! During the first period of its existence some thought that the year might produce £500,000; others were bold enough to state that the yield would be beyond a million; but none were daring enough to anticipate the fact-that we have actually dug out of the bowels of the earth an amount that very nearly approaches £4,000,000 sterling. Such, however, is the case, as we shall now proceed to show by a few statistics:

There has been exported, to this date..
There is now lying in harbor about.

There may be in the banks and private hands in town
And at the mines, say......

Making a total.

From which deduct the quantity received from Victoria...
Leaving the produce of our mines for the year

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148,061

355,733

There was exported from Melbourne up to 23d April..

668,682

Estimated quantity in banks and private hands in that city..

50,000

And at the mines, say..

50,000

Making a total of produce from the mines...

768,682

And showing a grand total produced by the two colonies of......

1,124,415

Which, at 65s. per ounce, gives a value in pounds sterling of £3,654,348 15s.
The gold coming into Sydney has arrived through the various channels, as follows:-

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It is almost impossible to obtain a correct account of the number of licenses issued, but the amount received for licenses in both colonies to 31st March last, were as follows:

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We have not had so large an influx of population as was expected, but that may be accounted for to a considerable extent by the time that must elapse before the world could become acquainted with our circumstances. The arrivals have been

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The news from our mines is of an encouraging character. The escorts during the week ending 6th May, 1851, brought in

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in value about £14,000. There has also come in, per Waratah and Dart, from Melbourne, about 15,000 ounces.

The amount of gold deposited in the assay-office, Adelaide, up to the 20th ult., was £222,678 188. 7d. The number of persons who had left Adelaide for the gold mines was about 18,000.

The price of gold has continued firm through the week at 63s. 6d. to 64s., according to sample.

The export since our last has been

May 6, per Johnstone, for London

Which, at 65s. per ounce, gives..

Add previous export

....

Total shipped to this date, (8th May, 1852)..

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CONDITION OF THE BANKS OF NEW ORLEANS.

The subjoined statement of the banks in New Orleans, on the 28th August, 1852, is derived from the report of Chas. Gayarre, Secretary of State, and G. C. McWhorter, State Treasurer :

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RULES FOR VALUING PROPERTY IN OHIO-OF REDUCTION MADE FROM MONEYS AND CREDITS -OF LISTING AND VALUING THE PROPERTY OF MERCHANTS AND MANUFACTURERS, AND OF BANKERS, EXCHANGE BROKERS, AND STOCK JOBBERS-OF VALUING THE PROPERTY OF BANKS AND LOANING COMPANIES, AND OTHER CORPORATIONS.

We publish below those sections of the tax law of Ohio, passed at the last session of the Legislature of that State, which concern more directly the readers of the Merchants' Magazine, or merchants, bankers, and others who refer to its pages for all matters falling within its comprehensive scope:

RULES FOR VALUING PROPERTY.

SEC. 9. Each separate parcel of real property shall be valued at its true value in money, excluding the value of the crops growing thereon; but the price for which such real property would sell at auction, or at a forced sale, shall not be taken as the criterion of such true value. Each tract or lot of real property belonging to this State, or to any county, city, or charitable institution, whether incorporated or unincorporated, and school or ministerial lands held under a lease for a term exceeding fourteen years, shall be valued at such price as the assessor believes could be obtained at private sale for such leasehold estate. Personal property, of every description, shall be valued at the usual selling price of similar property at the time of listing, and at the place where the same may then be; and if there shall be no usual selling price known to the person whose duty it shall be to fix a value thereon, then at such a price as it is believed could be obtained therefor, in money, at such time and place, Investments in bonds, stocks, joint stock companies, or otherwise, shall be valued at the true value thereof in money. Money, either in possession or on deposit, shall be entered in the statement at the full amount thereof: Provided, that depreciated bank notes shall be entered at their current value. Every credit for a sum certain, payable either in money, property of any kind, labor, or services, shall be valued at the full price of the sum so payable; if for a specific article, or for a specified number or quantity of any article or articles of property, or for a certain amount of labor, or for services of any kind, it shall be valued at the current price of such property, or of such labor or service at the place where payable. Annuities, or moneys received at stated periods, shall be valued at the price which the person listing the same believes them to be worth in money.

OF REDUCTIONS MADE FROM MONEYS AND CREDITS.

SEC. 10. In making up the amount of moneys and credits which any person is required to list for himself, or any other person, company, or corporation, he shall be entitled to deduct from the gross amount of moneys and credits the amount of all bona fide debts owing by such person, company, or corporation, for a consideration received; but no acknowledgment of indebtedness, not founded on actual consideration, believed, when received, to have been adequate, and no such acknowledgment made for the purpose of being so deducted, shall be considered a debt within the meaning of this section; and so much only of any liability, as surety for others, shall be deducted as the person making out the statement believes the surety is legally and equitably bound to pay, and so much only as he believes the surety will be compelled to pay in consequence of the inability or insolvency of the principal debtor; and if

there are other sureties able to contribute, then only so much as the surety in whose behalf the statement is made, will be bound to contribute: Provided, that nothing in this section shall be so construed as to apply to any bank, company, or corporation exercising banking powers or privileges.

SEC. 11. No person, company, or corporation shall be entitled to a deduction on account of any bond, note or obligation of any kind, given to any mutual insurance company; nor on account of any unpaid subscription to any religious, literary, scientific, or charitable institution or society; nor on account of any subscription to, or installment payable on, the capital stock of any company, whether incorporated or unincorporated. OF LISTING AND VALUING THE PROPERTY OF MERCHANTS AND MANUFACTURERS, AND OF BANKERS, EXCHANGE BROKERS, AND STOCK JOBBERS, &0.

SEC. 12. Every person that shall own, or have in his possession, or subject to his control, any personal property within this State, with authority to sell the same, which shall have been purchased either in or out of this State, with a view to being sold at an advanced price or profit, or which shall have been consigned to him from any place out of this State for the purpose of being sold at any place within this State, shall be held to be a merchant; and when he shall be by this act required to make out and deliver to the assessor, a statement of his other personal property, he shall state the value of such property appertaining to his business as a merchant; and in estimating the value thereof, he shall take as the criterion the average value of all such articles of personal property, which he shall have had from time to time in his possession or under his control, during the year next previous to the time of making such statement, if so long he shall have been engaged in business; and if not, then during such time as he shall have been so engaged; and the average shall be made up by taking the amount in value on hand, as nearly as may be, in each month of the next preceding year in which the person making such statement shall have been engaged in business, adding together such amounts and dividing the aggregate amount thereof by the number of months such person may have been in business during the preceding year: Provided, that no consignee shall be required to list for taxation the value of property, the product of this State, which shall have been consigned to him, for sale or otherwise, from any place within the State, nor the value of any property consigned to him from any other place for the sole purpose of being stored or forwarded: Provided, he shall, in either case, have no interest in such property, or any profit to be derived from its sale; and the word person, as used in this and the succeeding sections, shall be held to mean and include firm, company, and incorporation.

SEC. 13. Every person who shall purchase, receive, or hold any personal property of any description, for the purpose of adding to the value thereof by any process of manufacturing, refining, rectifying, or by the combination of different materials, with a view of making a gain or profit by so doing, shall be held to be a manufacturer; and he shall, when he is required to make and deliver to the assessor a statement of the amount of his other personal property subject to taxation, include in his statement the average value, estimated as provided in the preceding section, of all articles purchased, received, or otherwise held, for the purpose of being used in whole or in part in any process or operation of manufacturing, combining, rectifying, or refining, which from time to time he shall have had on hand during the year next previous to the time of making such statement, if so long he shall have been engaged in such manufacturing business, and if not, then during the time he shall have been so engaged.

SEC. 14. Every person owning a manufacturing establishment of any kind, and every manufacturer, shall list as part of his manufacturer's stock, the value of all engines and machinery, of every description, used or designed to be used in any process of refining or manufacturing, (except such fixtures as shall have been considered a part of any parcel or parcels of real property), including all tools and implements of every kind, used or designed to be used for the aforesaid purposes.

SEC. 15. Every person who shall have money employed in the business of dealing in coin, notes, or bills of exchange, or in the business of dealing in, or buying, or shav ing any kind of bills of exchange, checks, drafts, bank notes, promissory notes, bonds, or other writing obligatory, or stocks of any kind or description whatsoever, shall be held to be a banker, broker, or stock-jobber; and he shall, when he is required to make out and deliver to the assessor a statement of the amount or value of his other personal property subject to taxation, also include in his statement the average value, estimated as provided in the twelfth section of this act, of all moneys, notes, bills of exchange, bonds, stocks, or other property appertaining to his business as a banker, broker, or stock-jobber, which he shall have had from time to time in his possession or

under his control during the year next previous to the time of making such statement, if so long he shall have been engaged in such business, and if not, then during the time he shall have been so engaged.

SEC. 16. That when any person shall commence merchandizing in any county after the first day of June in any year, the average value of whose personal property employed in merchandizing shall not have been previously entered on the assessor's list for taxation, in said county, such person shall report to the auditor of the county, the probable average value of the personal property by him intended to be employed in merchandizing until the first day of May thereafter, and shall pay into the treasury of such county, a sum which shall bear the same proportion to the levy for all purposes, on the average value so employed, as the time from the day on which he shall commence merchandising as aforesaid, to the first of May next succeeding, shall bear to one year: Provided, that if the person so listing his merchant's capital, shall present a bona fide receipt from the treasurer of any county, in which such merchant's capital had been previously listed and taxed for the amount of the taxes assessed and by him paid on the same capital for the same year, then and in that case it shall be a receipt from paying taxes again on such capital.

SEC. 17. That when any person shall commence or engage in the business of dealing in stocks of any description, or in buying or shaving any kinds of bills of exchange, checks, drafts, bank notes, promissory notes, or other kind of writing obligatory, as mentioned in the fifteenth section of this act, after the first day of June in any year, the average value of whose personal property employed in such business shall not have been previously entered on the assessor's list for taxation, in said county, such person shall report to the auditor of the county, the probable average value of the personal property by him intended to be employed in such business until the first day of May thereafter, and shall pay into the treasury of such county, a sum which shall bear the same proportion to the levy for all purposes, on the average value so employed, as the time from the day on which he shall commence or engage in such business aforesaid, to the first day of May next succeeding, shall bear to one year.

SEC. 18. That if any person shall commence or engage in the business of merchandising, banking, brokerage, or stock-jobbing aforesaid, as aforesaid, and shall not within one month thereafter report to the county auditor, and make payment to the county treasurer, as before required, he shall forfeit and pay the sum of 2 per cent on the value of personal property by him so employed, to be ascertained as near as may be by the testimony of witnesses, and recovered before any justice of the peace, or court having jurisdiction thereof, by an action of debt in the name of the county treasurer, for the use of the county.

ON LISTING AND VALUING THE PROPERTY OF BANKS AND BANKING COMPANIES, AND OTHER CORPORATIONS.

SEC. 19. It shall be the duty of the president and cashier of every bank and banking company that shall have been, or may hereafter be, incorporated by the laws of this State, and having the right to issue bills for circulation as money, to make out and return under oath, to the auditor of the county in which such bank or banking company may be situated, in the month of May, annually, a written statement, containing:

1st. The average amount of notes and bills discounted or purchased by such bank or banking company, which amount shall include all the loans or discounts of such bank or banking company, whether originally made or renewed during the year aforesaid, or at any time previous; whether made on bills of exchange, notes, bonds, mortga ges, or any other evidence of indebtedness, at their actual value in money, whether due, previous to, during, or after, the period aforesaid; and on which such bank or banking company has at any time reserved or received, or is entitled to receive, any profit or other consideration whatever, either in the shape of interest, discount, exchange, or otherwise.

2d. The average amount of all other moneys, effects, or dues of every description, belonging to such bank or banking company, loaned, invested, or otherwise used or employed with a view to profit, or upon which such bank or banking company receives or is entitled to receive interest.

SEC. 20. To ascertain the amount of the notes and bills discounted and purchased, and all other moneys, effects or dues of every description belonging to such bank or banking company, loaned, invested or otherwise used or employed, with a view to profit, or upon which such bank or banking company receives or is entitled to receive

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