Answer:
The answer is below
Explanation:
1. Following the declaration of gold discovery in 1851, many speculators rushed to the location, which was largely referred to as Ophir (a reference to biblical wealthy land ) to priced and sold the land to buyers at exorbitant rates.
2. In the period of the gold rush, Ophir was quoted at a mining license rate of one pound each per 3.6 meters square, per month or eight pounds each year.
