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§ 363. “The Commonwealth shall Compensate the State.”

The following returns of the value of the property of the chief departments proposed to be transferred are taken from Papers on Federation circulated by the Government of Victoria, 1897, p. 296:—

ESTIMATED PRESENT VALUES OF PROPERTY OF CHIEF DEPARTMENTS PROPOSED TO BE TRANSFERRED TO A FEDERAL GOVERNMENT.

                                         


  ― 822 ―
                           
(a) Distinguishing Departments
Departments.  Victoria.  Other Colonies.  Total. 
Customs—Buildings, fittings, furniture, &c.  120,000  391,000  511,000  
Land  310,000  770,000  1,080,000  
Total  430,000  1,161,000  1,591,000  
Posts and Telegraphs—Buildings, apparatus, &c.  875,000  3,260,000  4,135,000  
Land  574,000  1,530,000  2,104,000  
Total  1,449,000  4,790,000  6,239,000  
Defences—Works, armament, buildings, furniture, &c.  506,000  880,000  1,386,000  
Land  67,000  87,000  154,000  
Total  573,000  967,000  1,540,000  
Coast and harbour light-houses, buoys, and beacons  198,000  656,000  854,000  
Quarantine— Buildings, &c  22,000  51,000  73,000  
Land  3,000  5,000  8,000  
Total  25,000  56,000  81,000  
Mint— Buildings, &c.  62,000  61,000  123,000  
Land  8,000  9,000  17,000  
Total  70,000  70,000  140,000  
Grand Total— Buildings, &c.  1,783,000  5,299,000  7,082,000  
Land  962,000  2,401,000  3,363,000  
Total  2,745,000  7,700,000  10,445,000  
(b) Distinguishing Colonies, and showing also Cost of Maintenance and Interest
Capital Value of—  Estimated Cost of Maintenance of Buildings, Furniture, &c., at 1½ per cent. of Capital Cost.  Interest on Capital Cost at 3 per cent. 
Colony.  Lands.  Buildings, Works, Furniture, and Fittings.  Total 
£  £  £  £  £ 
Victoria ... ... ...  962,000  1,783,000  2,745,000  27,000  82,000 
New South Wales ... ...  1,121,000  2,079,000  3,200,000  31,000  96,000 
South Australia ... ...  582,000  1,083,000  1,665,000  16,000  50,000  
Tasmania ... ... ...  115,000  321,000  436,000  5,000  13,000  
Western Australia ... ...  132,000  677,000  809,000  10,000  24,000  
Queensland ... ... ...  451,000  1,139,000  1,590,000  17,000  48,000  
3,363,000  7,082,000  10,445,000  106,000  313,000  
Less cost of maintenance of defences ... ... ...  ...  ...  ...  21,000  ... 
Total ... ...  ...  ...  ...  85,000  ... 
NOTE.—The above figures must be regarded only as a rough approximation, in the absence of definite information on the subject, which has been applied for but not yet received. 

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