chapter  8
21 Pages

GOVERNING FROM A DISTANCE: THE SIGNIFICANCE OF THE CAPITAL INCOME DISTINCTION IN TRUSTS

Malcolm Voyce What struck me with great force on reading Judith Wright's The Generations of Men was the account of how her grandfather, Albert Wright,l spent his evenings on his remote property in the 1850sgoing over and over his financial accounts. This may not strike us as unusual, as it is an activity that we all might do, but the desperation of Albert Wright's activity, threatened as he was with drought and bank foreclosure, hit me with particular force. Albert Wright's pastoral activities were typical of the era of 'settler capitalism's or of colonial liberalism. This pastoral expansion was funded in the heyday of British imperial investment in Australia.