Labor said that the Government modifies to rules about overseas purchases of New Zealand land do not guard the long-term interests of Country.

Yet the Government has been quick to spot out that more land was sold to alien owners per year under Labor’s rule.

Yesterday Finance Minister Bill English announced the result of a review into abroad investment rules and regulations.

Though the Overseas Investment Act would not be altered, Mr. English said that from December modifies to regulation outside the Act would take in a new economic interest’s factor allowing ministers to think about whether economic interests here are sufficiently protected.

There is a further chance for the minister to think whether New Zealand participation or association received opportunity from the overseas investments and in relation to the Policy of Government on investment they would be provided more information in perceptive chattels.

Damien O'Connor, Labor Party agriculture spokesman said that he did not trust the Government to protect planned assets.

Till now also farmers are facing the hesitation of overseas buyer who is approaching the land value to away from the price of any efficient New Zealand farmer can pay for it.