Sydney: Exchange Studios 19 Macquarie Place, 1898. A striking view of Balmain from the harbor, with the elegant Regatta flagship at the dock. The Oceanic Steamship Company's mail steamer 'Alameda' was used as the flagship. She also served another important function following the regatta, which was to transport one of the largest shipments of Australian gold to the United States.
As explained in the San Francisco Call, (Vol. 85, No. 15, 15 December 1898): "The Alameda brought up among her cargo 120 boxes of sovereigns and 24 boxes of bar gold valued at $3,510,000. This is one of the largest shipments of gold that has come here from Australia in some time. It represents the balance of trade between England, Australia and the United States. Thus San Francisco sends many cargoes of wheat to England and England very little merchandise here, so that the wheat has to be paid for in cash. It would be very expensive to send the gold to New York and then over the continent, so as Australia is always in debt to the mother country for merchandise, the matter is so arranged that the money the colonies owe England is sent here to pay for the wheat shipped to Europe. In this way everybody is paid and a month's interest on $3,510,000 is saved."
A large original albumen photograph of the ship decked out with flags. In the foreground are yachts and small sailing vessels; a sparsely developed Balmain is in the background. Laid on studio board, with the studio address and NSW crest printed below the image. The board a bit chipped at edges, the image clean and bright, otherwise very good condition. The photograph 8 3/4 x 6 1/2", on studio board 12 x 10". Photograph not recorded in Trove. Very good condition. Item #20676