Te Aroha AND Ohinemuri News AND UPPER THAMES ADVOCATE. WEDNESDAY, JANUARY 29, 1890.

Te Aroha News, Volume VII, Issue 441, 29 January 1890, Page 2

Te Aroha AND Ohinemuri News AND UPPER THAMES ADVOCATE.

WEDNESDAY, JANUARY 29, 1890.

‘ This above all—to thine own self bo true, And it must follow aa the night the day Thou const not then be false to any man.’ Shakespeare.

Is a recent issue we published in extenso the provisions of the Selector’s Lands /Revaluation Act, 1889 ; and referred to its importance. Another Act passed litst session, also of much importance, very especially to small settlers, is “The government Loans to Local Bodies Act, 1886, Amendment Act, 1889,” This Act provides for local bodies borrowing money from Government on the security, of the deferred payment or perpetual lease thirds, and will no doubt be largely availed of throughout New Zealand/ Clause 3 of the said Act reads as foK lows : . j - ‘‘When any , local authority entitled to receive the third, of 'the annual, payments arising from lands held on deferred p i\ lpents nr perpetual lease,. shall satisfy the Land Board of the. district Unit .they have completed the making of t!i e roads of access to open up the said lands, to which purpose the aforesaid payments are hy law applicable, or that they propose to complete the’same out of moneys then proposed to he borrowed under the said Act, then and in either , of such cases thy Board may grant a certificate to the lucaj authority. to. Kiiplj yjffept as-tiie case may .be, ami the said local authority shall there/ after he entitled to apply the recurring annual payments aforesaid' as ordinary revenue of the district jri the first above mentioned case, and in the second case, may pledge spell a nil util payments, or so

much thereof as shall he necessary, in lieu of or in reduction of special rates as security for any such loan as aforesaid, ' In case any selector of land on deferred payments shall pay the capitalised value of the land in his occupation, the third of such value shall in every case be applicable in the same manner as provided in this section in respect of the recurring annual payments, and shall he so applied." Payments are defined as : , Bcpts of land held on perpetual lease, and instalments payable in respect of land held op deferred payments, and includes fhe capitalised value paid in respect of any such land."

The terms under which the money can be raised, six per cent for interest and sinking fund extending over twenfy-six years, ape extremely easy. Settlers who have taken up laud in hack country or in those parts of a district as yet unprovided with roads, will at once see the immense benefit they would derive by the adoption of tlie provisions of the Act referred to by their local governing body. And with respect to those so situated there surely is no good reason why, instead of waiting an indefinite number of years for a good road to he mad e ] )y s ]ow degrees, such should not beproyi ledwiMi all reasonable expedition by means of money borrowed on the security of thirds, as provided for by this Act. The present occupier of the land would he immediately and immensely benefitted by the increased facilities of transport that would be thereby afforded him ; his land would be greatly enhanced in value, and there really is no good reason why a portion of the cost of necessary road making fas well as in the case of railway construction) should not he borne by the next generation. Good roads, 'giving easy access to the railway station, the wharf, or to the markets direct, are one of the . essentials to the successful settlement of the Crown and other lands in Now Zealand ; and we believe it will be for the benefit of all concerned that the liberal provisions of the Act now referred to be liberally availed of, always of course provided the mono) is judiciously expended.