Note 15 — LAND PROPERTY RIGHT.

In conjunction with the Scots New Zealand Land Company, it is intended to establish a New Zealand Whale Fishing Company, having a domicile at one or more of the maritime stations of the Land Company, at which the families of those engaged in the fishing will reside, and where the oil will be prepared for export. This will be mutually beneficial in a high degree. The fisheries will draw in a great revenue to the colony for exported oil, and those engaged in them will constitute the best of customers for the fine produce of the land. The families and shore-establishment of the Whale Company will be sheltered by the Land Company during the time their own strength may be absent in the fishery; while, should any thing serious be apprehended to the Land Company, the assistance of the daring and formidable crews of harpooners, who will be absent only on short voyages, will soon be forthcoming. They will indeed constitute a most formidable defensive force; and, instead of being a great cost and population-check, a consuming evil and source of decay, like the armies of Europe, they will be the source of wealth, and population, and power.

PATRICK MATTHEW, Chairman.