NATIVE LAND
FACILITIES FOR’ DEVELOPMENT
WELLINGTON, Oct. 30
in the annual Native (“washing-up” Land Bill there are sixty-five clauses, aricl some- which are of general interest were explained to the House by the Native Minister, Sir Apirana Ngata. Tlnee special clauses make provision for the development of land iii similar manner to that of the Land Act passed this session. It is intended,.. said Sir Apirana, that the Natives th&mselves should develop and take land, and financial provision to y the extent of £250,000 would be provided' from the Native Land Settlement account, this expenditure spreading over five years. Authority wsfs also being taken to raise. £500,000 i'oj this account, and' Na'tive land Board's were to be given power• to giSirantee' advances of dairy eompaniejs'to Native Dairy farmers, subject to tlib guarantee of landed security. This wiiuld specially meet conditions in North Auckland. The Bill also proposed to set up a Native Investment Guarantee Fund, for which purpose £sfioo would be invested with the Public Trustee and remain at compound interest till £IO,OOO was available, a sufri which life was advised was qulite adequate.
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Hokitika Guardian, 2 November 1929, Page 3
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184NATIVE LAND Hokitika Guardian, 2 November 1929, Page 3
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