have paid a dividend, recouped its capital "and there would now be 200,000 settlers in New Zealand". The New Zealand Constitution Act 1852 provided for a quarter of the proceeds of land sales of land previously purchased by the New Zealand Company would go to pay off the debt until it was paid off. The company, in its final report in May 1858, conceded it had erred, but said the communities they had planted had now assumed "gratifying proportions" and they could look forward to the day when "New Zealand shall take her place as the offspring and counterpart of her Parent-Isle ... the Britain of the Southern Hemisphere." See also New Zealand Company ships Canterbury Association Otago Association Footnotes References Bibliography Further reading A Society of Gentlemen: The Untold Story of the First New Zealand Company'' by Richard Wolfe (2007, Penguin, North Shore Auckland) First New Zealand Company in the 1966 Encyclopaedia of New Zealand Second New Zealand Company in the 1966 Encyclopaedia of New Zealand The Wakefield Myth in the 1966 Encyclopaedia of New Zealand History of New Zealand Companies of the United Kingdom British companies established in 1839 Chartered companies Immigration to New Zealand British colonisation of Oceania British companies disestablished in 1858 1830s establishments in New Zealand 1850s disestablishments in New Zealand Trading companies of the United Kingdom Trading companies established in the 19th century Trading companies disestablished in the 19th century