HOME COLONISATION SCHEME.
LOAN QF £100,000. INTEREST FOR HOSPITAL FUND LONDON, December 20. General Booth, in a letter to King Edward, announces that Mr. George Herring has given the Salvation Army the use of £100,000, which ultiniately is to be repayable at the rate of £4000 annually, and then to go for the benefit of the King's Hospital Fund. The Salvation Army is to first use the money in a home colonisation scheme. Some pf the unemployed are to be placed on land as peasant proprietors, each receiving five acres of suitable land, with a cottage, stock, seed, implements and temporary provision for the family until returns are received. The settlers are to repay the outlay and interest in instalments over a term of .years until they acquire the ownership. Any profit from the scheme is to form the nucleus oi a permanent extension of the effort.
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Bibliographic details
Auckland Star, Volume XXXVI, Issue 304, 21 December 1905, Page 5
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147HOME COLONISATION SCHEME. Auckland Star, Volume XXXVI, Issue 304, 21 December 1905, Page 5
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