In the first three decades of the 20th century the government policies of closer settlement reduced the number of properties larger than 4,000 hectares, while increasing the number of middle-sized properties. There was also a reduction in the number of smallholdings of under 4 hectares. These figures include leasehold properties as well as freehold.
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Source: Alan H. Grey, Aotearoa and New Zealand: a historical geography. Christchurch: Canterbury University Press, 1994, p. 307