A MORE FAVOURABLE VIEW.

Auckland Star, Volume XI, Issue 3240, 8 December 1880, Page 3

A MORE FAVOURABLE VIEW.

We are glad to note that the reports from New Zealand are of a more encouraging character "A Lorer of Truth" writes from Canterbury s—" What is wanted here is capital. There arc immense fortunes to be made, but capital must be the foundation. For anyone with say £SCO, or £1,000, there is a grand field. The greater the capital the better the result. There are hundreds of thousands of acre 3of land that. want breaking up, but until men of money; arrive it must remain idle. It is employers of labour, and not labourers, that are wanted. Capitalists have no idea of the,: advantages they would have out here. ;i One out here with £10,000 and average abilities would be able to gam as much to the good in one year as he, would in England in three. I have a knowledge of the chief markets here, and know what can be done." We have always maintained that New Zealand offers a very good opening for smallfarmers, and as many of these are quite unable to make two ends meet at home there is likely (to be a large emigration of this class to our colonies before many years have passed. The state of agriculture in England grows worse every year. Farms have gone begginz till they have been let on nominal terms, or even suffered to be occupied gratuitously. In the hope of staving off bankruptcy and ruin some tenants have con-, tinued to cultivate at a loss. lor the sake of tiding over what they hope may bo a temporary difficulty, some pro-, prietors have abandoned for the present all attempt to exact rent at all. Such a state of things Is, of course, most serious, and could not long continue without producing, an agrarian catastrophe. Had as this is, a more startling phenomenon than vanished prouts and remitted rents has yet to be d<acribed. There are a number of farms. ,ot fairly good soil, in situations not unfavour able for the growth of crops, the production of cattle, and the marketing of produce, and yet for the whole of the past year they have been left untenanted and untouched by plough or implement,