The Hamiltonian structure of the two-dimensional dispersionless Toda h
ierarchy is studied, this being a particular example of a system of hy
drodynamic type. The polynomial conservation laws for the system turn
out, after a change of variable, to be associated with the axially sym
metric solutions of the 3-dimensional Laplace equation and this enable
s a generating function for the Hamiltonian densities to be derived in
closed form.