Commission, Repeated At Intervals Of Six Months, Makes A Nominal
10 Per Cent.
Into 15.
I mention this to show you that, if it pays
people to give this exorbitant rate of interest (and the current rate
MUST be one that will pay the borrower), the means of increasing capital
in this settlement are great. For young men, however, sons of gentlemen
and gentlemen themselves, sheep or cattle are the most obvious and best
investment. They can buy and put out upon terms, as I have already
described. They can also buy land, and let it with a purchasing clause,
by which they can make first-rate interest. Thus, twenty acres cost 40
pounds; this they can let for five years, at 5s. an acre, the lessee
being allowed to purchase the land at 5 pounds an acre in five years'
time, which, the chances are, he will be both able and willing to do.
Beyond sheep, cattle, and land, there are few if any investments here
for gentlemen who come out with little practical experience in any
business or profession, but others would turn up with time.
What I have written above refers to good men. There are many such who
find the conventionalities of English life distasteful to them, who want
to breathe a freer atmosphere, and yet have no unsteadiness of character
or purpose to prevent them from doing well - men whose health and
strength and good sense are more fully developed than delicately
organised - who find head-work irksome and distressing, but who would be
ready to do a good hard day's work at some physically laborious
employment.
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