NEW ZEALAND.

Nelson Examiner and New Zealand Chronicle, Volume II, 13 January 1844, Page 385

NEW ZEALAND.

The eighth report of the New Zealand Company has just reached us. A special meeting of proprietors took place on the 21st August, at which it was resolved that the Court of Directors should have power to raise by loan any sum of money not exceeding £100,000, upon the security and credit of the unsubscribed capital of the Company and its property for the time being. A second resolution was passed to the effect that one-fourth of the net profits arising from all future land sales, together with the accumulating interests therein, shall be set apart as a " Guarantee Loan Fund," towards paying off the sum to be raised. A legal difficulty arose on the subject of the loan. It was the opinions of counsel that by the terms of the Charter the unpaid instalments must be first called up, and an application was therefore made to the Government for a supplemental charter to enable the Company to carry its wishes into effect. We shall further notice the report in our next. In the Chamber of Deputies, M. Guizot recently 6tated., in reply to the inquiries of another member, that the French interest in New Zealand presented three delicate questions — one of sovereignty over a portion of the territory of New Zealand — another of private and civil right for the few French colonists who had been conveyed thither — and, finally, a question between the King, Government, and the Nantes and Bordeaux Company interested in the undertaking. " None of those three questions," added M. Guizot, " have as yet been definitively settled. I cannot accordingly enter into any explanation on the subject, but I can affirm that every measure calculated to maintain the rights of France, aad protect the interests of the very few colonists settled in that island, has been adopted by the King's Government." The New Zealand Society has been seriously considering in what way it can most effectually promote the value of flax. A committee was in communication with Mr. Donlan, whose preparation of this important article they inspected and reported on in the most favourable terms. A communication was made to the Company, suggesting that some encouragement should be given to its preparation. The reply given was that the Company would be " happy to support measures for that object in any way consistent with their duties."

Dr. Thompson; a gentleman who has visited the colony, has given some valuable hints to the New Zealand Society. He strongly urges the necessity of having the land ready for selection on the arrival of the first emigrants, and the giving out of nothing but good land in the first instance.

A number of twenty-five acre allotments at, Wellington, are to be offered for sale at £2 per acre. A " New Zealand Penny Magazine " is talked of for the purpose of diffusing more general information regarding the colony.