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The new colony was formally proclaimed as the Colony of New South Wales on 7 February. [27] The colony included all of Australia eastward of the meridian of 135° East. This included more than half of mainland Australia and reflected the line of division between the claims of Spain and Portugal established in the Treaty of Tordesillas in 1494. [28]
Over the next few decades, the colonies of New Zealand, Queensland, South Australia, Van Diemen's Land (later renamed Tasmania), and Victoria were created from New South Wales, as well as an aborted Colony of North Australia. On 1 January 1901, these colonies, excepting New Zealand, became states in the Commonwealth of Australia.
The list of countries by price level shows countries by their price level index. The data has been collected by the World Bank's International Comparison Program since the 1970s and has been available for almost all World Bank member states and some other territories since 1990. The Global price level, as reported by the World Bank, is a way to ...
Port Jackson. The European settlement of Australia began on 26 January 1788 at Port Jackson (modern Sydney, New South Wales), when the First Fleet arrived with more than 1,000 convicts, marines and a few free settlers, plus a vast quantity of stores to establish a penal colony in New South Wales.
Between 1788 and 1868, approximately 161,700 convicts were transported to the Australian colonies of New South Wales, Van Diemen's Land and Western Australia. [104] The literacy rate of convicts was above average and they brought a range of useful skills to the new colony including building, farming, sailing, fishing and hunting. [ 105 ]
When Australia was part of the fixed-exchange sterling area, the exchange rate of the Australian dollar was fixed to the pound sterling at a rate of A$1 = 8 U.K. shillings (A$2.50 = UK£1). In 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow.
Average tariff rates for colonies of New South Wales and Victoria, 1825 to 1900 compiled by Peter John Lloyd, Professor of Economics, University of Melbourne Average tariff rates for the small colonies of Australia, 1827 to 1900 Average tariff rates in all six Australian colonies combined from 1825 to 1900 Average Australia tariff rates, 1903/ ...
The Colony of New South Wales was a colony of the British Empire from 1788 to 1901, when it became a State of the Commonwealth of Australia.At its greatest extent, the colony of New South Wales included the present-day Australian states of New South Wales, Queensland, Victoria, Tasmania, and South Australia, the Northern Territory as well as New Zealand.