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Wairarapa Standard, Volume 6, Issue 475, 12 September 1876, Page 2

One of the best papers m the Province, whether for typographical or literary excellence, is the Manawatu Times, and we sere not until yesterday aware that though we receive a copy of it regularly, we had not sent a copy in exchange. In our last we gave a short extract from that journal which would show that the editor’s opinion of the late popular idol, was very similar to our own. It is our intention now, to refer to a prospectus issued by the editor, C. J. Pownall, of a proposed “Freehold Insurance Trust and Loan Company” which deserves more attention ti an has yet been given to it. The author observes;— “Had part of the large amount of borrowed money been utilized by special settlement on the land, of the 50,000 immigrants lately introduced, New Zealand would not have been placed in her present unsatisfactoty position, with an exhausted credit and unsettled country.” To remedy this omission he recommends the formation of a company, for the purchase of land and its preparations fur settlement, by means of English capital, the settler paying to the company a small yearly sum sufficient for recouping it, the principal and interest in a given term, when it would become his freehold, the company bolding a mortgage over the property in the interval. It is not our intention here to enter into the details of the proposal: but at the same time we may express our confident belief that such a company, under wise and spirited management, would prove alike beneficial to the district or colony, which became the field of its operations, to the shareholders who embarked their capital in the undertaking, and to the settle a who availed themselves of the advantage it afforded them.