This series explains the many important aspects of the colonial economy of N.S.W. between 1788 and 1835. In conjunction with the volume, guiding the economy, this study of financing the economy, provides a full and valuable insight into the formation of the NSW Treasury and its economic policies. The arrival of the Legislative Council changed the role and duties of the Governor in a major way. Instead of the autocratic governance previously experienced, there was now the need for compromise and the acceptance of guidance from an Appointed Council. The financial statements of the colony between 1802 and 1850 have been subjected to scrutiny for the first time and most interesting conclusions have been drawn concerning the performance of the colonial economy.