PERPETUAL LEASING OF LANDS.
I Tho recent legislation by th« New I Zsalaud Parliament in favor of leasing 1 a p -rtion of the lands _nf tho Crown under the perpetual tenure system wou'l- appear to have drawn some attention to it. In a letter in the Globe-on Immigration to New Sout Wales and New Zealand from the pen of Mr W. G. Jenkins allusion is thus made to this system : — " I venture to think that the time will come when the New Zealand Government will receive some credit f_r being the first in the .world to fairly discus* in Par-liame-t thi. question of Stat* lands versus private property in land, "nd as the result of their deliberations passing a law that at least one-fifth of the lard shall be reserved and let, th« profits going towards reducing unwise taxation on industry.- Emigrants can now rent from the New Zealand Government laud at a very low rental for thirty years, with payment for « 11 improvpments made during that time it at the expiration they are removed, or, in case of a continuance of occupancy, by payment of so much more rent as represents the rise, not on their improvements, but on the original unimproved ground."
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Bibliographic details
Feilding Star, Volume III, Issue 75, 6 March 1883, Page 3
Word Count
205PERPETUAL LEASING OF LANDS. Feilding Star, Volume III, Issue 75, 6 March 1883, Page 3
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