The Closer Settlement Act of 1906 superseded the Agricultural Lands Purchase Acts, 1894 to 1901. These statutes provide for the acquisition by the Government of private estates for the purpose of subdivision and sale in areas adapted for closer settlement, payments being extended over twenty-five years. The principle is not quite impervious to criticism, for unless great prudence is exercised the acquisition of these large estates has a tendency to raise the value of agricultural land; but a few figures showing the settlement which has taken place furnish convincing proof that the primary object of the Legislature has been achieved, and that rich arable lands, which previously produced nothing but natural grasses for the sustenance of sheep and cattle, have become the homes of many hundreds of thriving yeomen farmers and the support of numerous rising townships. Since the passage of the first of these Acts in 1894, a total area of 537,449 acres has been repurchased at a cost of £1,490,489. Of this area 456,742 acres had been surrendered by the former owners at the close of 1908. By the same date 364,334 acres had been selected at an aggregate price of £1,050,864, and 10,677 acres, with the improvements thereon, had realised £70,727 at auction, the purchasing price of the whole area disposed of amounting to £1,144,081. The area remaining in the hands of the Government, after deducting roads and reserves, was 78,781 acres, valued at £264,200, almost entirely consisting of land only recently acquired and not yet offered for settlement. On 31st December last, no less than 1,654 agricultural selectors, the majority with families, and holding among them 1,909 selections, were settled upon what but a few years ago were twenty-six sheep and cattle stations, with a mere handful of employees.