THE TE PUKE SPECIAL SETTLEMENT.

Waikato Times, Volume XV, Issue 1300, 28 October 1880, Page 2

THE TE PUKE SPECIAL SETTLEMENT.

Mb Geobge Vesey Stkwabt has succeeded admirably in his arrangements in the Home Country for the location of settlers on the spleuiid Te Puke Block, near Tauranga. The Lady Joaelyn has already left London for Taurunga direct, and the Himalaya will leave also direct on Ist December. In a letter to our . JCaurflnga PQBJiS m PQ.J:ary, Jsr.jBt#wart B ays that he has Becured a lot of passengers for her, "and Home ,with a pile of money. *' Mr Stewart says, " I have made arrangements with a few capitalists to join me in the development of the Te Puke grant, and have formed the matter into a private limited company, which was recently incorporated udder the name of the 'New Zealand Land Corporation (Limited).' The General Manager in London is Mr Maurice Grant, while I have been appointed Resident Director in New Zealand. Mr Grant is one of the best , business men I ,- have ever met. There is no epd to his energy,' or to his means of obtaining capital. All my arrangements and conditions with the Government will be carried out to the letter of the law, and a good deal more than my unaided capital could accomplish. It is proposed in the first instance to sell to bona Jifo settlers as much land as possible, either before leaving this country or after arrival in our Tauranga ships. Then all the land unsold we propose to dear, plough, fence, sow down in grass and stock, doing the work by contract, which will circulate thousands of pounds in the district. We will then sell these lands as quickly as possible to persons in this country as grass lands. There are scores of persons deterred by the fear of grappling with the fern and the tutu, who would prefer to pay a few pounds extra per acre to settle down at once on a grass farm in the lovely climate of the Bay of Plenty. We also take extensive powers under our articles of association, such as lending money on mortgage, constructing railways, steamers, laying down water pipes, establishing gas works, Ac." The prospects of the Te Puke Special Settlement are thus very reassuring, and Tauranga and the Bay of Plenty" generally will, it is to be hoped, experience permanent advantages from the location of a superior class of industrious practical farmers. ■ ■