Its Financial Aspect 



commercially sound. New Zealand gives a 

 splendid demonstration of what can be done, 

 and of what can be spent upon land settle- 

 ment. Up to date, some ;^6,ooo,ooo have 

 been expended on land settlement, and some 

 ^15,000,000 advanced to settlers. Very few 

 bad debts have been incurred, and at the 

 present moment the New Zealand Govern- 

 ment is deriving a clear profit of some 

 ;!^70,ooo a year from its land settlement 

 department {vide the New Zealand Year 

 Book for 1 9 14). 



If the present machinery for dealing with 

 land is inadequate, if it does not secure the 

 full potential development of our soil, and 

 the fullest possible effectiveness of each 

 cultivator, then it must be scrapped, and 

 new machinery created which will deal with 

 land settlement scientifically as an imperial 

 and not as a parochial problem. 



(2) The Sufficiency of Land in the United 

 Kingdom. 



Every year a very considerable amount of 

 land changes hands. One large London firm 

 alone is instrumental in the sale of about 



97 H 



