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[Page 2]

[See 33.02 page 4 for a revised version of this document]

May 10 1805

By the representations of those who have lately arrivd from N.S. Wales it appears that spirituous Liquors are probably the real medium measure of property the circulation of commerce there as much as & the notes of individuals are the almost the only circulation medium. here

Gallons of Spirit was is Sold there at Sydney a Seller to the Retailer & to the Consumer who has permission to purchase it wholesale at about 10/ a Gallon, including it to the Jail Friend there it then some Spirit Is Retaild by the Licenc'd Dealers at 20/ a gallon & this Price may be Recoverd in the Civil Court on plea of Debt.

This is however only the nominal Value of a Gallon of Spirits, for as an article of Produce whose nominal actual money Price is much higher may [always?] be Procured at a new or cheaper Rate by the medium of Spirits than by that of  Coin or of Bills, a Sheep Rated at the money Price of £3 is often purchasd for one Gallon of Spirits & other Kinds of Produce or Articles in a Proportion Similar to or nearly to.

To Remedy this very disgracefull State of the Colony Two Things are necessary first to permit a much more adequate supply proportion of

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