Paul Tilley classes the Treasury, now housed in Canberra, as ‘one of Australia’s great enduring institutions’. It began humbly in 1901, in a smallish stone building that still stands at the corner of Collins and Spring Streets in Melbourne. That handsome structure appears to be just about the correct size for its initial staff of five. Just across the street stands a statue of Sir William Clarke, a rich pastoralist of that era who, had he sold some of his properties and sheep, might easily have paid for all the salary cheques signed by the nation’s Treasury in its first weeks.
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