FARMING IN NEW ZEALAND.

Temuka Leader, Issue 801, 15 December 1881, Page 3

FARMING IN NEW ZEALAND.

The following letter appeared in the London Daily News and may prove of interest to farmers g<nerally :- Sir,— Your New Zealand Correspondent qu»tes an article from an Otago newspaper dated April 13, to the effect that in that district for many years to come agricultural farmin." cmnot p-.y, and ;..lds that if tor Otago New Zealand, we shall probably be right: In another paragraph lie speaks of the depression which has swept over the colony during the past two years as having succeeded a prosperous period of seven years. 1 happen to be able to quote a fact which will go far to overthrow these conclusions. I received by the last mail a letter from my manager, dated 29th July in v\ ich he says, speaking of a farm of about 1,100 acres adjoining my run in the province of Canterbury, rented by one MoDo-vnll, "He has an off rof LBf 0 for the goodwill of his least- and is about ■ to sell al that price, although his lease has only now abi ut twelve years to run, He ,is p'ayi g 4* 6.1 and 9s 61 for each seven years. We -onsidered this an exorbitant price w hen he 'ook it two \ e*rs ago.'" The r. tils aliovi quoted are meant to be understo d .-is 4< 61 p. r acre for the first seven \ ea-s, anti 9s 6d per a. r- for the remainder o-t.hetetm -f lout teen years. Does not the fa. t ■ f Ids lease bein<r wonh such a premium indieate that in the opinion of a practical man f rndng pmspec's have become mure favorable during the last lw years 1 Doubtless the improved price of gtii;n will act as a further stimulus to 'isym-'g in New Zealand.—Yours etc. A KUN-H..LUER.