Note 5 — REASONS FOR PREFERRING NEW ZEALAND TO EVERY OTHER EMIGRATION FIELD, AND FOR FORMING A SCOTS NEW ZEALAND COMPANY.

“‘There is a great variety of timber in the country fit for all purposes, as for shipbuilding, domestic, and other purposes. The forests of New Zealand afford perhaps the finest spars for masts and yards in the world, and which are extremely valuable. In India, the wood being there very heavy, they cannot get any description of wood to make good spars, and those taken from New Zealand find there a ready sale.’—(See J. L. Nicholas, Esq., Par. Evidence.)”