MORE ENGLISH CAPITAL FOR NEW ZEALAND.

Waikato Times, Volume XX, Issue 1670, 20 March 1883, Page 2

MORE ENGLISH CAPITAL FOR NEW ZEALAND.

It is becoming daily more evident that, notwithstanding the groat disadvantage; under which New Zealand as a colony suffets thiough her long distance from from the Home country, and the great expense when compared to that ot the States and Canada which it involves in 1 caching her shoies, English capitalists and English agriculturists do not overlook the many other compensating achantages which New Zealand oifers. During the last few years not a few deputations and leprescntatives from the Home country have visited New Zealand for the purpose of choosing a suitable piece of land upon which to form a settlement, fanning in England having of late proved anything but remunerative, and we all know what good has resulted from these visits and how tho colony as a whole lias benefited, sever.il large tracts of our waste lands ha\mg been taken up in this way, and largo sums of foreign capital put in chenLilion in our midst. On Thurs lay list Mr Hntry Goodail, icpic&jnting a company of capitalists in J>eds, Yoikslurp, with a capital of LJOO.OOO, aur.ed in Cambiidgc, having landed in Auckland on the 20th ult. This gentleman-, mission is to inspect sevcial huge blocks of land on the East and West Coasts of this island, with a uew of ascertaining their adaptability for settlement. One block, consisting of 30,000 acres, on the East Coast, in the Nipier distiict, was bi ought under the notice of tho company which Mr Goodall represents before his departure from Home, and thoao residing in the oolony who had a lien over tho land promiood that it should be reserved from disposal until Ma arrival. We might montion, however, that Mr Goodall has not entered into negotiations for any particular block with a view to its purchase as yet, for should he come acioss a suitable block of land in this part of the country which he might eon suler well adapted ,for settlement, and which bad every appearance of a sound investment, he would not hesitate to enter into treaty for its purchase, having been invested by the company which he represents with the necessaiy authority. Mr Goodall visited the Piako district on Saturday, and is favourably impressed with, the land in that district. He prqeeeda to Eotorua -this morning, inspecting the land in the interior, and from. Itotorua h? prooeeds by Napier, South. This gentleman befoie leaving England held the office of VioePresider.t of the Leeds und District Corn Mill Association, and brings with him several letters of introduction to a number of leading men in New Zealand.