This not available, the bottom dropped out of the whole scheme.

When in New Zealand the Company's estate was put into chancery, the Wakefield system could not, of course, work.
Not only were the Company's purchases such as could not be sustained, not only did the directors hurry out thousands of settlers without proper knowledge or consideration, but they also committed a capital error in their choice of localities for settlements.

Wellington, with its central position and magnificent harbour, is undeniably the key of New Zealand.

It was in after years very properly made the seat of government, and is always likely to remain so.

But it was an almost criminal error on the part of the Company to plump down its settlers in districts that were occupied and certain to be stubbornly held by warlike natives.