of an overflowing population gives to spread over and occupy the waste portions of the earth. This _right_ has been acknowledged and acted upon in all ages; and the _right_ to any territory, not having a population capable of forming a presiding responsible government, is recognised to belong to the nation which has first discovered and taken formal occupancy. No Company in London can assume a government right over New Zealand, which, by first formal occupancy by Captain Cook, belongs of recognised _right_ to the crown of Great Britain. Still less can this company receive any _government right_, or _individual right_, to lands in New Zealand from the natives, who, we have shewn, have no such _rights_ to give, except in regard to the small portions which the natives have acquired _individual right_ to by cultivation. The New Zealand Land Company in London have, indeed, the good sense to be aware of this,--that they can give no guarantee to the possession of the lands they are selling;--taking good care in their conveyance to the buyers to specify, “_and the Company are not to be considered as guaranteeing the title except as against their own acts and the acts of those deriving title under and in trust for them_.” Any attempt of capitalists in London or elsewhere forming New Zealand Land Companies, to monopolize whole provinces of New Zealand, by purchasing the good will of the natives at a mere nominal price, ought, therefore, not to stand in the way of emigrants going out and occupying any of these lands which the London or Home Companies or their assignees may not have become possessed of by actual occupancy, that is, by the lands being apportioned amongst and occupied by settlers, in numbers something commensurate to the extent of grounds. The British Government and Legislature will surely look to this?[14] To allow any company of home capitalists to monopolize the territory of New Zealand in this way, would be to subject the colonization of New Zealand _to such a tax_ as the company might choose to lay upon it (at present L.1 per acre is the tax, minus such a portion of it as they may choose to expend upon carrying out emigrants, and the price they may pay for the good-will of the natives). This tax, or price of L.1 per acre, nearly four times the government price of land in the United States, by depriving the emigrant of his little capital, so very necessary to his success as a settler, will act as a great barrier to colonization, and prevent that fine country from becoming speedily of paramount value to Britain.[15]