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The Pamphlet Collection of Sir Robert Stout: Volume 74

Loans for Settlement Purposes

Loans for Settlement Purposes.

The Premier had hinted that it would be necessary to raise money to place people on the lands, and others said they must legislate further for such purpose, but they appeared to have for gotten the Acts of 1894. The Land for Settlement Act provided that they might raise £250,000 a year for five years, while up to March last only £10,100 had been appropriated, so that there was no occasion for further legislation for that purpose. In l894, too, the Native Lands Improvement and Native Lands Acquisition Act provided that £250,000 might be raised for roads and bridges and £250,000 for purchase of native lands. Up till the next day (31st. March, 1896) however, only £147,000 would be spent on roads and bridges, and £140,000 for native lands so that there was nearly a million and a quarter not yet spent under the former Act, and some £212,000 under the latter had yet to bead appropriated, so there was no occasion for further legislation, at any rate at present. Regarding the