As early
as 1825 a George Lambton had sent agents to New Zealand
who were alleged to have bought land in Cloudy Bay, Stewart
Island, and also in the North Island of New Zealand. However,
no settlers arrived to settle the land. This first New Zealand
Company collapsed due to lack of backing from the British
government.
Much later in 1837, Edward Gibbon Wakefield,
a sometime political figure, took up the idea of the former
New Zealand Company, naming it "The New Zealand Association".
Wakefield's Association was based on the idea of a "Systematic
Colonisation Theory".
While serving three years in prison in 1829
for the abduction of a schoolgirl heiress, Wakefield wrote
his tract "A Letter from Sydney". Although he had never
been to Australia, Wakefield's writing gave the impression
of a first hand analysis of the shortcomings of the colonisation
system.
Wakefield considered the Australian colonies
as being afflicted by three problems : economical, social
and political. His proposed remedy was that land should
be sold at a "reasonable" price, so that :
- It would take longer for colonial workers to become
proprietors;
- During this time a fund would accumulate, enabling migrants
free passage to New Zealand;
- A selective choice of future settlers would be made,
in order to maintain the structure of English society;
- The colonies should be self-governing
Colonists would pay for Land titles before
leaving England. The profits would be used to buy land from
the Māori, start public works, and enable free passage
to New Zealand for selected emigrants. A land order title
would grant the emigrant the right to participate in a ballot
on arrival, in order to determine his sector of land.
The Colonial Office was not in favour of Wakefield's
plan, considering that it would not be in the interest of
the Māori.
In 1839 Wakefield restructured the Association,
renaming it "The New Zealand Company", still hoping to obtain
the British Government's approval. This was not to be the
case.
On hearing rumours that the British Government
was about to annex New Zealand, Wakefield hastily sent out
The New Zealand Company ship "The Tory", in May
1839, with his younger brother, Captain William Wakefield
aboard. William Wakefield had instructions from his brother
to buy as much land as possible from the Māori before
New Zealand became annexed.
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