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 have been the theme of many speeches, newspaper articles, and parliamentary reports. Supported by Mr. Seddon, Sir Joseph Ward, and other members of the Government, as well as by many staunch members of the Liberal Party, he stood by his land policy when it seemed to be overwhelmed by a sea of criticism. Some of the most exciting incidents of debate in the New Zealand Parliament have taken place when Sir John McKenzie was being bated by the opponents of his settlement schemes.

Many years passed before the Liberal land policy was placed above criticism. It now stands as one of the most successful items of the policy Mr. Ballance and his colleagues submitted to Parliament in 1891. The results have proved more satisfactory than anyone could have expected at its initiation. Under the Land for Settlements Act the Government, up to 1906, has acquired over 120 estates, including Eccleston, Annan, and St. Helens, which were re-named in compliment to Mr. Seddon. The acquired estates cover an area of 680,000 acres, all of which have been opened for selection. There are over 3,000 settlers and their families on the estates, and they pay as rent about £170,000 a year. The total number of souls on the holdings is 10,283. The value of the improvements is £803,000. The arrears in payment of rent amount to only £5,000, and the total receipts since the inception of the system amount to £721,600. The Government borrows the money with which it pays for the estates. Last year it paid £134,705 in interest and received £162,481 in rents, making a profit of £27,776 on the year’s transaction. Added to the profit of £166,259 the previous year, it had realised on March 31st., 1905, £194,035, all of which it spent on roads and other works connected with the settlements.

These estates are an enormous national asset. It is expected that the settlements will continue to progress, and that the holdings will become more valuable to the possessors of the leases. Each time a fresh estate is opened up, there is a rush of applicants, and keen interest is taken all over the colony in the ballots for selections. The Government claims, with much justice, that its policy of acquiring freehold properties and