Note 12 — IMPORTANCE OF COLONIZATION TO THE BRITISH PEOPLE.

We would recommend investment in new lands as incomparably superior to investments in savings’ banks, as affording far better security and higher profits, and would urge those who have money in savings’ banks to withdraw it, and purchase shares in the Scots New Zealand Land Company. The effect of a proper system of colonization and the exclusion of bad subjects, has been recently exemplified in Russia. A number of working small capitalists, solicited and received the grant of a desolate hilly portion of country from the Emperor. They divided this into portions of about 60 acres of tillage land, with a suitable portion of hill pasture to each family, allowing no one to enter the community, unless he possessed a certain capital, and totally excluding lawyers and priests. The success has been great beyond all precedent. No quarrels, high morality, industry, economy,—the country cultivated like a garden,—plenty to all.