The Land Fund.

The Land Revenue, or Land Fund, consists of the proceeds of public land sold by the Government to private persons, together with the rent of public land occupied by private persons under lease or license. The late Colonial Treasurer estimated the receipts under these two heads for the current year at £972,577. There are various opinions as to how this revenue should be expended. Practically, it has hitherto been spent, as I think it chiefly ought to be, in immigration and public works beneficial to the district in which the revenue is collected.