New Zealand's Premier Julius Vogel borrows money…
1870 CE
Successive governments will expand the program with offices across Britain that entice settlers and give them and their families one-way tickets.
Gold discoveries in Otago (1861) and Westland (1865), had caused a worldwide gold rush that had more than doubled New Zealand’s population in a short period, from seventy-one thousand in 1859 to one hunded and sixty-four thousand in 1863.
The value of trade has increased fivefold from two million pounds million to ten million pounds.