IS LAND TOO DEAR?

Hauraki Plains Gazette, Volume XXXVI, Issue 4808, 9 February 1925, Page 2

IS LAND TOO DEAR?

AUSTRALIAN ON NEW ZEALAND.

HAVE WE HAD OUR DAY ?

Mr C. L. Lock, the well-known Victorian grazier, who has returned to Melbourne from a. visit to New Zealand by the Niagara, states that New Zealand has had its best day. Land is not selling in New Zealand. Now many of its young graziers, men with anything from £lOOO upwards, are turning their eyes towards Australia. Mr Haurice McNamara, stock and station agent, of Melbourne, shares this view.

Commenting in Wellington on the cabled statement that New Zealand had had its best day, ,and that land wax not selling in the Dominion, Mr W- Nosworthy stated that in his opinion the fact that land was not selling so rapidly a-s hitherto was not by any means a sign of decadence. On the contrary’, he considered it a gratifying proof that land speculation resulting from the boom of a few years ago had practically ceased, and that occupiers were now genuine farmers, who intended to remain on the holdings permanently. The outlook was never better, .and the Dominion’s industry and prosperity was reflected in the fact that the amount of unemployment was infinitesimal.