FUTURE OF THE ARGENTINE

Auckland Star, Volume XL, Issue 161, 8 July 1909, Page 2

FUTURE OF THE ARGENTINE

IA SEW ZEALANDER'S IMPRESSIONS. - (By Telegraph.—Own Correspondent.) WELLINGTON, this day. The Argentine has been so frequently quoted as a dangerous rival to New Zealand in the matter of meat raising, that the opinions of Mr. R. ._. Abraham, of the well-known stock auctioneering firm in Palnierston North, who spent nearly a week on a large estancia about 320 miles inland, while en route to England on a health-recruiting tour, will doubtless be of great interest to stock raisers and exporters in the Dominion. Writing from the Old Country, Mr. Abraham j says the result of his visit to the Argentine was to convince him that there is a magnificent future before the country. "It is," he says, "going to become one of the largest wheat-producing centres, and certainly the largest meat-raiser for export purposes of the world, whilst the alfalfa is fast making it the ideal country for pastoral pursuits." The country he visited was worth from £7 to £8 per a«re. In New Zealand it would bring from £20 to £ 25, of course iif'smaller areas. Ten years ago it could have been bought for £4 made, or about £3 in its natural state. Twenty years a _, you could have bought any ta-mount of equal land for a song, so, says Mr. Abraham, one may imagine what fortunes have been made out of land, and there is nothing to stay this land from going to £15 or £20 per acre if* they choose to introduce dairying. Mr. Abraham went over the largest freezing works, but says New Zealand can learn nothing except that the Argentine wo.-ks are run at much less cost. Mr. Abraham said he saw enough to make him feel that could he only free his capital he would be off to-morrow, old. as he is. Their laws in the Argentine are, he says, not nearly so iarEassing as those of New Zealind.