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Town of Wellington, Port Nicholson, from Rai - Warra - Warra Hill (From Samuel Charles Brees, Pictorial Illustrations of New Zealand, John Williams and Co., London, 1848) Twelve months in Wellington / by John Wood (1843)

Chapter 13
The Wakefield system

Contents: narrative | chapters: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17
The new method of disposing of waste lands in our colonies at a uniform price is a great improvement over the old mode of grants. It creates a fund for the supply of labour, without, however, in the case of New Zealand and the New Zealand Company, making an adequate provision for its employment. Capitalists, enticed by the bait of a town-acre, greedily purchased to re-sell, or as a provision for children. It may answer in New South Wales to devote the entire emigration fund to the supply of Labour. New Holland and New Zealand are widely dissimilar countries. The forest of the former can be traversed by wheeled vehicles, but in the mountainous fastnesses of the latter a man can hardly penetrate them on hands and knees. Lord Stanley has, therefore, by directing half this fund to the country's improvement, done good service to New Zealand. For surely it is better to give profitable employment to a certain amount of labour, than by throwing more into the market leave the greater portion idle. This is evident : not to mention the still more urgent reason, of having in the one case a country with roads, and in the other a country without them.
Colonel Wakefield's Residence, Wellington, by Samuel Charles Brees, Pictorial Illustrations of New Zealand, John Williams and Co., London, 1848.

We however go farther than his Lordship, and would employ the whole land-fund in the internal improvements of the colony. Emigration is a question for the consideration of the mother-country. She has a surplus population to provide for; and instead of grudging the means of sending them abroad, she should rejoice that Providence has furnished her with so many resources for her redundant hands. She should bear the burden; and the land-fund should be the means of giving employment in her colonies to labour when private enterprise is deficient.
The "sufficient" price of the Wakefield system is a fallacy which every day's experience only the more fully exposes. Waste land is often dear at a gift. Sell it, therefore, not at home but in the colonies, and not at an arbitrary price, but for what the land is worth, or in other words for what it will bring. If a price must be put upon it, the safe side is to take a lower scale of prices. Too high a duty amounts to prohibition. Most men like to possess landed property, and thus the fund arising from this source would, under proper regulations, become durable.
The New Zealand Company have discovered this, both at Wellington and Nelson. Hence the rapidity with which they form new settlements where the wait of a town-acre carries off the country land.

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