CROWN LANDS.
It hasbsen finally determined to reduce the figininium price of Crown lands to ss. per acre-—a measure which cannot fail in some degree to rej store prosperity to the. Colony as tending to bring into circulation whatever unemployed capital may 'exist among us, which will now find a profitable and secure investment. That there is a considerable amount ofdisposablecapitalint.be country not in circulation from the want" of that prevails, there can be no question. The new regulations will also act as an inducement to draw men of capital to our shores. A more (Fectual step towards the resuscitation of the Misted body politic could not have been adopThe Governor and Executive Council the conditional power of a still further relon, subject to the approval of the home Gonieet. It is also in contemplation to give to utters aright to pre-emption to the land occuIby them, if bona fide settlers. The proceeds ■ and sales in Port Phillip are to form a sepalund, to be exclusively applied to the benefit hat district, but the proceecs of sales at .ton Bay go to common land fund of the try. — Colonial,Observer. February 9lh 1&42.
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Bibliographic details
New Zealand Herald and Auckland Gazette, Volume I, Issue 63, 26 March 1842, Page 2
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192CROWN LANDS. New Zealand Herald and Auckland Gazette, Volume I, Issue 63, 26 March 1842, Page 2
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