"What is the New Zealand Land Fund?—It is the money put down by a settler to form a fund for making roads and bridges in the country.

Is the land purchaser liable for Railways?—Clearly not until he has a bridge and a road to the market.

Is he then liable?—Yes; pro rata with all other property.

How ought the Land Fund to be spent?—One-third to the Road Board in which his land is placed; one-third to a General Fund for subsidies to the Boroughs; one-third to Immigration, to bring in labourers.