New Zealand in evolution, industrial, economic and political; . h manufactures. It is the chief means ofderiving from the natural pastures an immediate valuablereturn, which to-day is laid out upon the purchase ofCrown lands. By this method extensive areas of pastoral land in allthe colonies were rapidly assumed by the capitalists whoarrived early. They squatted on the wide unpeopledplains and laid claim to an unfenced area for milesaround. To a certain point the presence of thesemoneyed squatters was a great assistance to the smallersettlers of the labouring class. The great bulk of themoney
New Zealand in evolution, industrial, economic and political; . h manufactures. It is the chief means ofderiving from the natural pastures an immediate valuablereturn, which to-day is laid out upon the purchase ofCrown lands. By this method extensive areas of pastoral land in allthe colonies were rapidly assumed by the capitalists whoarrived early. They squatted on the wide unpeopledplains and laid claim to an unfenced area for milesaround. To a certain point the presence of thesemoneyed squatters was a great assistance to the smallersettlers of the labouring class. The great bulk of themoney circulating in the colonies was either theiroriginal capital or the proceeds of the yearly wool the evils of the system more than counterbalancedthe good at the point at which the smaller settlers, nowindependent of help, wished to take up small areas ofland. By 1850 the more advanced of the colonieswere given over wholly and entirely to Australia the fever spread to New equable climate was a great attraction to men who. THE WOOL KINGS 73 periodically had their flocks decimated by Australiandroughts. On his second voyage to the Pacific Captain Cooklanded a ram and a ewe at Queen Charlotte Sound(1773), but they died forthwith from browsing on apoisonous native shrub, and it was not until the begin-ing of the next century that sheep were actuallyacclimatised in New Zealand. The export of wool fromthe Mother Colony of New South Wales had grown toalmost four million pounds before New Zealand wasseriously thought of as a sheep-raising country. About1835 adventurers from New South Wales, foreseeingthe possibilities of the industry, swarmed across theTasman Sea in their brigs and made such good progressin a species of squatting to which they gave thesemblances of purchases, that before the Queensauthority arrived, in 1840, they claimed to have pur-chased four-fifths of New Zealand from the nativeowners! Several for a few pounds worth of kindacqu
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