This is the latest opened of our colonies, Bishop Ireland having only secured control of the lands last April. It is situated in Murray County (Southwestern Minnesota,) adjoining Nobles County on the north, and in the whole 52,000 acres of land secured by the Bishop for the colony, we very much doubt if one poor section (640 acres) could be found, nor do we suppose that any of the land will remain unsold by the 1st of next July. While the beauty of the location and fertility of the soil, make Avoca one of the most desirable locations in Minnesota, the easy terms on which a farm can be secured, are additional and substantial advantages for men of small means. The centre of the colony--the village of Avoca, situated on a beautiful lake--is just twenty miles from Heron Lake, a station on the St. Paul and Sioux City Railroad, 160 miles southwest of St. Paul; but the Southern Minnesota Railroad, which will give this portion of the State a direct communication with the Milwaukee and Chicago markets, is now completed to within forty-five miles of Avoca, and we expect to see it running through our colony lands by next fall. This will give to the settlers in Avoca Colony, a direct southern route to Chicago, and a choice of markets for their produce: the latter an advantage which farmers can well appreciate. The price of lands in the colony are from $5 to $6.50 per acre, on the following easy terms of payment. At the time of purchase, interest only, one year in advance, seven per cent., is required; at the end of one year, interest only for another year; at the end of two years, one-tenth of the principal, and a year's interest on the balance; at the end of three years, one-tenth of the principal, and interest on balance; at the end of each year thereafter, twenty per cent. of the principal, and interest on balance; until all is paid. We subjoin a practical illustration of these terms: We will say that January, 1879, a man contracts for 80 acres of land at $5 per acre, this will come to $400, with 7 per cent. interest, which sums he will have to pay as follows: Jan. 1st, 1879, At time of purchase, one year's interest in advance, at 7 per cent. $28 00 Jan. 1st, 1880, One year's interest in advance, at 7 per cent. 28 00 Jan. 1st, 1881, Ten per cent. of principal. $40 00 One year's interest on balance $360, at 7 per ct. 25 20 ------ 65 20 Jan. 1st, 1882, Ten per cent. of principal. 40 00 One year's interest on balance $320, at 7 per ct. 22 40 ------ 62 40