THE LAND SPECULATOR.
BAR TO SETTLEMENT. (From Our Own Correspondent.) Wellington, June 18. The Minister for Lands has an eye on the land speculator. "I am more assured than, ever," said the Hon. D. G. Guthrie to-day, "that "the speculator is often an absolute .bar to the successful settlement of land. (His profits, which may be very large indeed, are added to the price of the land, and they are a millstone round the neck of the genuine settler. They may make all the difference between success and failure." Tho Minister has had his attention drawn to what speculators have done in some of the areas benefited by Government drainage schemes. Men with capital have j bought land cheaply before the comple- j tion of the schemes and have then re- • quired the actual settler to pay the full | improved value and perhaps a.'bit more. I The consequence is that the speculator . has got the chief .benefit from the ex- ! penditure of Government money, and the : settlers have to bear from the first tin! handicap of high capital coat.
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Taranaki Daily News, 20 June 1918, Page 6
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179THE LAND SPECULATOR. Taranaki Daily News, 20 June 1918, Page 6
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