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Story: Economic thought

New Zealand Company propaganda

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New Zealand Company propaganda

The New Zealand Company tried to attract settlers from Britain by publishing romanticised images of New Zealand. A major source of this propaganda was Edward Jerningham Wakefield’s book Adventure in New Zealand, published in London in 1845. It contained many coloured lithographs. This one, from a drawing by William Mein Smith, the first New Zealand Company surveyor general, shows the company settlement of Petre (Whanganui) in September 1841. Edward Gibbon Wakefield’s core insight was that colonies added to the land supply of the colonising country and so minimised the negative effects of a growing economy.

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Alexander Turnbull Library

Reference: PUBL-0011-05

by William Mein Smith

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page

Gary Hawke, Economic thought – Wakefield and the economics of colonies, Te Ara – the Encyclopedia of New Zealand, https://teara.govt.nz/en/artwork/22293/new-zealand-company-propaganda (accessed 4 June 2026).

Story by Gary Hawke, published 18 May 2010.