New Zealand Native Land Settlement Company.

Oamaru Mail, Volume XVI, Issue 5083, 19 September 1891, Page 3

New Zealand Native Land Settlement Company.

wgo Daily Times' o\v>" Cobrespox- _ DE>T.) Ike Jiative Affairs Committee submitted *gort to-day on the petitions of Messrs Johnstone and Henry Green and '"tt shareholders in the New* Zealand «twa Land Settlement Company, asking facilities may be given to enable them j®«rryout the object of the Company. Committee give a brief history of the ("'npany, and state that, owing to many ""Pediments arising from the state of the land laws, and through numerous the delay of the Native Land the want of assistance both from legislature and the Government, toSfter with the heavy expenses contingent N the conduct of the business, failure jilted, the European shareholders lost money, and now the natives' are in serious danger. The former ® K e owners are in many cases still in ocPotion, and it seems probable that to I*' thetn would lead to very serious Realties. The inhabitants of the disi —both Europeans and Maoris—have * i long time wished the Government P a 7 off the mortgagees at a proper Jetton, and cut the properties up for aJ ?' ent a ' tcr making proper reseda t^lQ nat ' vcs J and Wi Pere has lain? • nat * Tes interested in other (L 3 *2l allow them to go as security for to P a 'd. It also appears mm . are which the Governrecon P which cannot be reprivate individual or corn's th-ih the Committee recommend v 6tn P°*er should be given to the Gotalf fft, 10 ta ' ie over lands on bearcyC i f Maori owners on terms to be Maori otw " een the Government, the W tn if -^ ssets Company, the PtrtjU J*r 'aken at a valuation under the - additional security to m6n ti° n cd, tut also over the Hie 5/®°' to he agreed upon between ern ®ent and the Maoris in