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Forming a small syndicate of eight Ballarat and Creswick speculators they paid £
36,000 for 6,000 acres of the Seven Hills Estate with its rich soil on the surface
and the hope of rivers of gold below. They offered promoters the mining rights to
This trap for mining speculators was finally sealed in November 1871. Victoria
passed its famous No Liability Act for mining companies, one of the most radical
experiments in company law in the English-speaking world. A speculator could ...
Victoria's gambling edifice both reflected and encouraged an adventurous
optimism not only in mining speculators but also bankers, importers, and the
politicians who built state railways so freely and the Melbourne builders who
erected some ...
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LibraryThing ReviewUser Review - nandadevi - LibraryThing
The history of mining is central to Australian history, from the gold rushes of the 1860's which brought hundreds of thousand of immigrants, to the mountain ranges of iron ore and immense natural gas ... Read full review