The Feilding Star. THURSDAY, JUNE 1, 1893. A New Colonisation Scheme

Feilding Star, Volume XIV, Issue 147, 1 June 1893, Page 2

The Feilding Star. THURSDAY, JUNE 1, 1893. A New Colonisation Scheme

We loam from tho London Times of April 7 th, that a new scheme of colonisation has been formulated in England, under which the lands held by the Bank of New Zealand Estates Company, may be disposed of in email holdings in order to attach as many persons as possible to tho soil. It is proposed to form another company to be called the New Zealand Colonisation Company, with the view of providing thereby the necessary machinery for enabling British farmers and other suitable persons to emigrate to Now Zealand, and settle on the lands in question. The scheme, we are told, has not yet assumed definite shape, although an elaborate memorandum and articles of association have been drawn up, and further action has been delayed pending the return to England of Mr E. H. Glyn, the President of the Bank of New Zealand, and a director of the Estates Company, who has recently been in this colony, making personal enquiries into, among other matters, the proposed colouisation scheme, and the way in which it can be best carried out. It is, however, regarded 08 practically certain that the scheme will become au accomplished fact, and there its a belief that it may eventually assume proportions of considerable magnitude. Among other things it is possible that means may be devised under which families possessed of a reasonable amount of capital may be enabled to take the whole of it with them, the payment of passage money being postponed, or added to the cost of the land. It is possible, also, that it may come within the scope of tho proposed company to grant financial assistance to individuals or companies, either on the principle of profit-sharing or otherwise. A high compliment ia paid to New Zealand as a suitable place for emigrants, more especially for small capitalists, farmers, and laborers. The article goes on to say that tho one thing needed by New Zealand at the present time is another half-million of desirable settlers, and it is believed the colonisation movement now projected will be of some service in this direction. In this opinion wo heartily concur. We hope the promoters will be able to succeed, because, if they do, a large quantity of land available for settlement by small farmers, now lying, comparatively speaking, idle, will be brought under cultivation, and tho prosperity of the whole colony accelerated, while the material wealth of the colonists at large would be enormously increased by the consequent augmentation of our exports of wool, frozen mutton, and dairy produce.